Finance Consulting Group, the financial advisory group that owns the site, claims to be registered in the United Kingdom. In addition, branches are opened in Singapore, Australia, and a number of other places around the world. However, the broker does not provide any supporting legal documents. Also, information about FCG Trade’s ten-year work on financial markets is not confirmed. As for the domain, it was registered only in June 2023 in the USA. It is worth noting that the project does not have a license. Finally, the service is not available in some countries, for example, US and Japanese citizens are not allowed to trade CFDs.
Can this company be trusted? Is it safe to trade here? We will analyze the capabilities of the platform and share with you our conclusions about the reliability of the broker.
FCG Trade uses Webtrader as a working terminal. The platform is accessible from any device. The list of broker’s products includes shares, cryptocurrency, commodities, and other assets. A registered trader can use 4 types of accounts, differing in the range of minimum and maximum deposits. Trading conditions depend on the selected account type:
- Basic from $0 to $10,000 – trading signals once a month, fees 1-7%, swaps 0.6, leverage 1:1, commissions 1-2.5%.
- Silver from $10,000 to $50,000 – trading signals once a week, fees 1-4%, swaps 0.4, leverage 1:2, commissions 0.5-2%, loyalty points x $10,000 = 5 points, quarterly analytical report.
- Gold from $50,000 to $100,000 – trading signals daily, fees 0.75-2%, swaps 0.2, leverage 1:3, commissions 0.75-2%, loyalty points x $25,000 = 20 points, monthly analytical report.
- Platinum from $100,000 to $500,000 – trading signals several times a day, fees 0.25-1%, swaps 0.08, leverage 1:5, commissions 0.25-1.5%, loyalty points x $50,000 = 50 points, weekly analytical report.
Depending on the account level, different types of educational services are available to FCG Trade clients. On the Platinum account, this set includes an e-book, a trading analysis program, and a webinar. You can replenish your trading account via electronic services, as well as by bank transfer or credit card.
The official website of the company does not provide answers to legal questions. In fact, clients’ investments are not protected by the UK regulator FCA, as required by law.
FCG Trade website has analytics in the form of a ticker with a demonstration of prices for popular currency pairs and a block with an indication of the state of the markets online. The broker provides clients with an educational center, a personal accountant, and technical support.