How is the swap fee calculated on FXCT?

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FXCT is an unlicensed forex broker, and we strongly recommend avoiding any transactions with it, no matter how enticing the trading conditions may seem. It's important to remember that profiting from an unregulated trading platform is highly unlikely.

FXCT makes claims such as being "regulated across 6 jurisdictions" and being "globally licensed and regulated," yet it fails to provide any specific details about its regulatory status. This lack of transparency is a common trait among fraudulent entities. The website lists a U.S. address to appear legitimate. However, to operate legally as a forex broker in the U.S., it must be registered with the National Futures Association (NFA). FXCT is not an NFA member and is therefore not subject to its oversight.

For their own protection, investors are advised to steer clear of FXCT. Engaging with this platform, which operates outside the regulatory framework, could lead to severe financial or personal repercussions. Instead, we recommend choosing fully regulated forex brokers for a safer trading experience.