CT-TRADE broker: detailed review, trading conditions, user reviews, is it worth investing
Why CT-TRADE raises doubts?
CT-TRADE, a well-known participant in the Forex market, has decided to rebrand and change its trading platform, raising questions about its reliability. Let’s consider whether there are grounds for doubts about the company.
Examining information about ct-trade.co
The company’s page contains very little information, and the broker’s slogan “Trade with us because it’s easy” is not backed up by specific facts. The legal address in Warsaw looks more like an office in a business center without official representation.
The domain was registered in 2017, and rebranding a year and a half later raises questions: why do major dealers not change their design for years? Changes on the website, despite the company’s successful operation, look strange and indicate significant expenses.
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According to conducted research, the broker is owned by the company U-Market, however, financial information about this firm is missing. The lack of licenses for financial activity at ct-trade.co raises questions about its legality.
Also, connections between the website and the project team with the broker Vospari, caught in fraud with clients, create additional doubts.
What is the ct-trade.co site: design and functionality
The appearance of the main page looks cheap and uninformative. Translating the site into only two languages shows a lack of attention to customers from other countries. There is no information on trading on the page, except for empty praises and dubious mathematical calculations.
The education offered by the broker is paid, while most companies provide extensive educational materials for free. Additionally, the broker offers paid trading signals, although they are widely available for free.
Bonuses are aimed at attracting excessive investments from clients or participating in referral programs, which raises doubts about the company’s honesty.
Overall conclusion: ct-trade.co does not offer anything attractive, lacks uniqueness, and useful materials for traders.
Trading conditions at the CT-TRADE broker
The company offers four types of accounts with reasonable initial amounts, but it does not provide information on leverage, spreads, and commissions. Also, there is no information on the trading terminal.
Thus, ct-trade.co does not pay attention to important aspects of trading, which raises suspicions about the honesty of its operations.
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Personal account and deposit operations
Registration on the platform is simple and does not require additional verifications. User reviews consider this a plus, but the lack of verification may indicate the absence of a financial regulator.
Deposit operations are carried out with limited methods, indicating the broker’s focus on residents of the Russian Federation and the CIS.
Conclusions and reviews
Most reviews of CT-TRADE are negative, the broker’s questionable activities raise serious concerns. It is recommended to refrain from investing in this company.
By: Irina S.
Also read: Detailed review of the broker Fresh Forex: trading conditions and trader reviews.