⚠ WARNING — CONFIRMED SCAM FXCT Investments has been flagged by the UK's FCA (January 2022), France's AMF (July 2021), and Belgium's FSMA (late 2021). The broker holds zero valid regulatory licences. The website fxctinvestments.com is now inactive. Safety Score: 0/100. Do not deposit any funds. If you've already deposited, contact your bank about a chargeback immediately.
Is FXCT Investments Legitimate? Our Verdict
I've reviewed hundreds of forex brokers over the years. Most unregulated offshore operations at least manage the appearance of a legitimate structure — a coherent terms page, some actual trading data, an address that exists. FXCT Investments couldn't manage even that.
The FCA's warning from January 11, 2022 is unambiguous: FXCT Investments "may be providing financial services or products in the UK without our authorisation." That's regulatory language for operating illegally. France's Autorité des marchés financiers had already listed the firm on its unauthorised companies blacklist in July 2021. Belgium's Financial Services and Markets Authority followed with its own warning in late 2021. Three separate regulators across three countries, all flagging the same firm within a twelve-month window.
FXCT Investments is not a forex broker with some compliance gaps. It's a scam operation that launched in March 2021 and went offline after regulators and victims caught up with it.
Our verdict: Avoid entirely. Do not deposit any funds with any entity claiming to be FXCT Investments.
FXCT Investments: Quick Facts
| Detail | Status |
|---|---|
| Regulated | No — zero valid licences |
| Regulator warnings | FCA (UK), AMF (France), FSMA (Belgium) |
| Registered address | St. Vincent & The Grenadines |
| Actual operator | Noga Commerce EOOD, Bulgaria |
| Minimum deposit (Bronze) | $10,000 |
| Minimum deposit (Platinum) | $250,000 |
| Advertised minimum | $250 (bait figure — not real) |
| Trading platform | Proprietary "FXCT Trading Station" (no MT4/MT5) |
| Assets offered | Forex, crypto, indices, stocks, metals, energies |
| Website status | Inactive/offline |
| Founded | March 2021 |
| Verdict | Confirmed scam |
Regulatory Status: No Valid Licence
St. Vincent and the Grenadines is one of the most commonly abused offshore jurisdictions in the forex scam industry. The FSA of SVG explicitly states it does not license or regulate forex brokers operating internationally. Registering a company there costs almost nothing and provides an official-looking registration number without any meaningful oversight.
FXCT Investments incorporated in SVG in March 2021. Within four months, France's AMF had already added the firm to its blacklist. That's a fast regulatory response — it means French investors were filing complaints almost immediately after the firm launched.
There's no record of FXCT Investments ever holding a licence from the FCA, ASIC, CySEC, BaFin, or any other Tier 1 financial regulator. The Bulgarian entity behind the firm, Noga Commerce EOOD, should have been regulated by Bulgaria's Financial Supervision Commission to serve EU clients. It wasn't.
The "FXCT Investments Trading Station" was a proprietary platform — not MT4 or MT5. That matters because MT4 and MT5 create independent trade records that clients can verify. A proprietary platform controlled entirely by the broker means you're trusting their software to show you accurate account balances. With FXCT, victims report being shown fabricated trading gains to encourage larger deposits.
FCA, AMF, and FSMA Warnings Explained
There's a meaningful difference between a broker that hasn't registered with a particular regulator because it doesn't serve those markets, and a broker that three regulators actively warned their citizens to avoid. FXCT sits firmly in the second category.
FCA (UK Financial Conduct Authority): Warning published January 11, 2022. You can verify this yourself at fca.org.uk/news/warnings/fxct-investments. The FCA states the firm is unauthorised and targeting UK residents. Anyone who traded with FXCT has no access to the Financial Ombudsman Service and no protection from the Financial Services Compensation Scheme (FSCS). The FSCS covers up to £85,000 per person when a regulated broker fails. With FXCT, that protection simply doesn't exist.
AMF (France): FXCT appeared on the AMF's unauthorised firms blacklist on July 29, 2021 — just four months after launch. France's blacklist is compiled from investor complaints and regulatory investigations. Being listed there means French investors were already reporting problems before the firm had even finished its first year of operation.
FSMA (Belgium): Belgium's Financial Services and Markets Authority issued warnings in late 2021, targeting the same pattern of cold-call-based CFD fraud using SVG-registered shells to approach European retail investors.
Three separate regulators. Three separate investigations. One consistent conclusion.
Red Flag: The Account Tier Structure
Here's something the original promotional reviews completely ignored: FXCT Investments advertised a $250 minimum deposit but required $10,000 to open its most basic Bronze account.
That gap is not a pricing quirk. It's a bait tactic. Get prospects through the door with a low advertised number, then pressure them to fund $10,000 because "that's the minimum to activate real trading." The full account structure:
| Account | Minimum | Spreads From |
|---|---|---|
| Bronze | $10,000 | 2.8 pips |
| Silver | $25,000 | 2.5 pips |
| Gold | $50,000 | 1.5 pips |
| Premium | $100,000 | 0.1 pips |
| Platinum | $250,000 | 0.1 pips |
Every tier came with 500:1 leverage and a dedicated "Personal Account Manager." The account manager is the key component in this type of scam. Once you've deposited, that person calls regularly to encourage larger transfers — "upgrading" your tier, funding an "investment strategy," accessing better conditions. Victim reports consistently describe account managers becoming completely unreachable the moment a withdrawal was requested.
For comparison: IC Markets requires $200 to open an account. Pepperstone starts at $200. FXCT's $10,000 Bronze minimum isn't a premium service threshold. It's a minimum extraction target.
How the FXCT Investments Scam Worked
The playbook was standard for offshore CFD operations based in SVG in 2021. Worth laying it out clearly because the pattern repeats across dozens of similar operations.
Stage 1 — Initial contact: Cold outreach via phone, social media, or online ads, sometimes impersonating more credible brokers. Finance Magnates reported in 2021 on Russian police raiding an operation that was impersonating FXCT's own SVG registration to target separate victims — the firm was being used as cover for clone fraud. That should tell you something about the value of SVG registrations.
Stage 2 — First deposit: The advertised $250 minimum brought prospects in. Account managers then immediately escalated requests to the $10,000 Bronze tier minimum, citing "trading conditions" or "account activation."
Stage 3 — Fabricated gains, pressure to upgrade: The proprietary Trading Station showed fabricated profits, encouraging victims to believe their capital was growing and prompting further deposits to access higher tiers.
Stage 4 — Withdrawal block: When victims requested withdrawals, accounts were frozen or deleted. The firm became unresponsive. ForexBrokerz documented more than 46 victim testimonies, with reported losses ranging from €2,000 to over €40,000.
Stage 5 — Firm goes offline: The website fxctinvestments.com is now inactive. The secondary domain fxctinvestments2.com, listed on the FCA warning page, is also dormant.
What Victims Reported
I want to be direct about what "withdrawal blocked" means in practice, because it's not a technical delay or a processing backlog.
Based on victim testimonies collected by ForexBrokerz and FinTelegram:
- Account managers disappeared immediately after withdrawal requests were filed
- Some accounts were deleted without notice or explanation
- Users reported unauthorised fund transfers — in some cases, account managers accessed client computers remotely and moved funds without consent
- Victims were asked to provide full credit card numbers including CVC codes, ostensibly for "verification"
- The firm issued contradictory closure notices with impossible dates — one cited "30th February," a date that doesn't exist
- Reported losses ranged from €2,000 to over €40,000 per victim
The Noga Commerce EOOD connection matters here. FXCT Investments listed a St. Vincent and the Grenadines address, but the actual operating entity was Bulgarian. Using an SVG shell to avoid EU regulatory jurisdiction while operating out of Bulgaria is a common structure for this type of operation. Bulgarian authorities do not appear to have taken action against Noga Commerce EOOD, though multiple EU regulators issued public warnings.
Is FXCT Investments Still Operating?
No. The website fxctinvestments.com is inactive as of 2026.
If you've found this review because someone is currently contacting you about FXCT Investments — a representative, an account manager, a "recovery consultant" — you're dealing with a clone or a separate operation recycling the brand name. This is a documented pattern. Defunct offshore firms leave behind registered company names and domains that other scam operators repurpose to approach past victims or new targets.
The FCA keeps its warning live specifically for this reason. Check it at fca.org.uk/news/warnings/fxct-investments. Any phone number or website claiming to be FXCT Investments should be treated as a red flag.
If You've Already Deposited
You have a few concrete options, roughly in order of urgency:
Chargeback: If you deposited by credit or debit card, contact your bank immediately and request a chargeback. Most banks accept chargeback claims up to 120 days from the transaction date. Don't wait.
Report to your regulator:
- UK residents: FCA Consumer Helpline at 0800 111 6768 or online at fca.org.uk
- French residents: Report via the AMF's online portal at amf-france.org
- Belgian residents: FSMA reporting portal at fsma.be
Document everything: Save all emails, chat logs, account statements, and transaction records before the account is deleted. Law enforcement and any recovery attempts require this evidence.
Avoid "fund recovery" services: Many recovery services targeting forex scam victims are secondary scams. Exercise extreme caution with any unsolicited offer to recover your money, especially those requesting upfront fees.
Safer Regulated Alternatives
If you're looking for a legitimate forex or CFD broker, the benchmark for client protection is set by FCA-regulated firms. Here's a brief comparison:
| Broker | Regulation | Min Deposit | Fund Protection |
|---|---|---|---|
| IC Markets | ASIC, CySEC, FSA | $200 | Segregated accounts |
| Pepperstone | FCA, ASIC, CySEC | $200 | FSCS up to £85,000 |
| IG Group | FCA (since 1974) | £250 | FSCS up to £85,000 |
| Exness | FCA, CySEC, FSA | $10 | Segregated accounts |
The key difference isn't just compliance paperwork. It's segregated client funds (your money is kept separate from the broker's operating capital), real dispute resolution through the Financial Ombudsman Service, and FSCS deposit protection. With FXCT, none of those protections existed.
Frequently Asked Questions
Is FXCT Investments a scam?
Yes. FXCT Investments has been confirmed as fraudulent by three separate financial regulators: the UK FCA (January 11, 2022), France's AMF (July 2021), and Belgium's FSMA (late 2021). The firm operated without valid regulatory authorisation and is now offline. Do not deposit funds with any entity claiming to be FXCT Investments.
Is FXCT Investments regulated?
No. FXCT Investments held no valid forex trading licence from any recognised financial authority. The company registered in St. Vincent and the Grenadines, a jurisdiction that explicitly does not regulate forex brokers. The actual operating entity, Noga Commerce EOOD of Bulgaria, held no EU regulatory approval.
What happened to the FXCT Investments website?
The website fxctinvestments.com is now inactive. FXCT launched in March 2021 and went offline in 2022 after multiple regulatory warnings and accumulated victim complaints. Any current site or person claiming to represent FXCT Investments is likely a clone scam operation.
Can I recover money lost to FXCT Investments?
Possibly, depending on payment method and timing. Credit and debit card deposits within 120 days may qualify for a chargeback — contact your bank immediately. Report the fraud to your national regulator: FCA in the UK, AMF in France, FSMA in Belgium. Avoid unsolicited "fund recovery" companies — many are secondary scams targeting people who've already lost money.
Why did FXCT advertise a $250 minimum deposit if the actual minimum was $10,000?
The $250 figure was a bait tactic. The actual minimum deposit to activate any account — even the most basic Bronze tier — was $10,000. The gap between advertised and actual minimums is a well-documented tactic in offshore CFD scams: it lowers the initial friction to engage, then applies high-pressure upselling once the prospect is in contact with an account manager.
Which regulators warned about FXCT Investments?
The UK Financial Conduct Authority issued a warning on January 11, 2022. France's Autorité des marchés financiers listed FXCT on its unauthorised firms blacklist in July 2021. Belgium's Financial Services and Markets Authority issued warnings in late 2021. WikiFX rates the broker 1.51/10 with a "High Potential Risk" flag and zero licence score.
Is the "FXCT Investments Trading Station" platform safe to use?
No. The FXCT Investments Trading Station was proprietary software controlled entirely by FXCT, unlike independent platforms like MT4 or MT5 where trade records can be independently verified. Victim reports indicate the platform displayed fabricated account gains to encourage further deposits. The platform is now inaccessible along with the firm's website.
Our Final Verdict
FXCT Investments launched in March 2021, collected deposits from traders across the UK, France, Belgium, and beyond, and went offline in 2022 after regulatory warnings and victim complaints accumulated.
Three regulators warned against it. The minimum deposit was misrepresented by a factor of 40. More than 46 documented victims reported losses up to €40,000. The firm used a proprietary platform that no independent party could audit.
There's nothing to recommend here. The firm is gone. But its brand name persists in scammer databases, and new operations occasionally reuse it to target people who've already been victimised.
If you're searching for a forex or CFD broker, start with your country's financial regulator register. In the UK, that's the FCA Register at register.fca.org.uk. Any firm not on a recognised Tier 1 register carries real risk. The difference between a regulated broker with tight spreads and what FXCT was offering isn't trading performance or account tiers. It's whether your money exists at all after you deposit it.
Review last updated: May 2026. Regulatory warning details verified against official FCA, AMF, and FSMA publications.
