The truth about System-CT
If a broker praises thousands of traders and billion-dollar turnover figures, be vigilant. Perhaps they are simply trying to create the appearance of success, the goal of which is to appropriate your money. An example of such a financial scam could be System-CT. Reviews about it reveal the true face of a fraudster who harms trusting investors. More details in our review.
Insights: System-CT in numbers
According to information posted on the website, System-CT started its operations in 2020. The following data is indicated on its platform:
- 142,000 active traders
- 230 available instruments
- 20 financial partners
- daily trading volume of 7 billion dollars
- 188,000 orders per day
An analysis of the registration date of systemct.com shows that the site began operating in 2016.
Legitimacy of services: fact or fiction?
The System-CT website lists an address in Germany, but its actual location raises doubts. According to Google Maps, the specified address corresponds to KAMP MEYER Immobilien GmbH, DR SMILE Köln, Supasalad Waidmarkt. Although the company does not provide legal documents for public review, we found information about obtaining licenses from several regulators, including FCA, IFSC, FSC. However, the verification showed that System-CT does not have licenses from FCA, IFSC, FSC, confirming its pseudo-broker status.
Account structure and trading conditions
The System-CT system offers CFD trading in various assets, ranging from currencies and cryptocurrencies to metals and stocks. There is no demo account, and the minimum investment amount is $1,000. Users are offered a choice of three tariff plans with different parameters, such as initial deposit, leverage, and available services.
Investors’ opinions on System-CT
User reviews criticize System-CT for dishonesty and unwillingness to fulfill its obligations. Users complain about scammers using client deposits and suspicious trading practices.
Final considerations
System-CT is a fraudulent company aimed at deceiving clients. Remember that dealing with such pseudo-brokers will not lead to positive results. Warn others about their deceit to avoid losses.
As an investor, I was extremely dissatisfied with my experience with System-CT in 2023. The broker seemed to lack a basic understanding of my financial goals, providing poor investment suggestions that were not aligned with my risk tolerance at all. Additionally, communication was subpar – responses to my inquiries were rarely timely and often lacked clarity. Worst of all, they demonstrated a lack of transparency around fees: hidden charges constantly popped up on my statements, increasing my costs unexpectedly. Overall, I would not recommend their services to other investors.