FCG Trade Review | Another "Leading" CFD Provider or a Scam?

by Kevin Berry
  1/5   Reviews: 2
FCG Trade - logo

Introducing yet another “leading” CFD provider claiming to be based in the United Kingdom: FCG Trade. This purported international brokerage company offers margin trading across a range of asset classes. The firm boldly boasts of employing 200 highly skilled professionals, having offices in Singapore and Australia, possessing significant operational experience, maintaining segregated accounts, and even regulation. While all of this may sound impressive and robust at first glance, how much of it is actually true? There are almost no reviews about the broker online, and legal documents are not provided. Given these red flags, we suspect that FCG Trade is likely a scam. If you’re curious as to why, let’s dig in.


🏛️ Country United Kingdom, Singapore, Australia
⚠️ Regulation
🖥️ Website https://www.fcgtrade.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $500
⚖️ Minimum and Maximum Leverage 1:1-1:5
⚙️ Trading Platform WebTrader
📨 E-mail support@fcgtrade.com
📞 Phone +1-987-654-4567

First Impression of Fcgtrade.com

FCG Trade seems to have opted for the easy route by not offering a comprehensive and informative website for potential clients. Instead, the company has created a template site that replicates the designs and structures of many other sites. At the top of the homepage, you’ll find various sections, such as trading platform, broker information, asset classes, and contact details. It is worth noting that no legal documents are freely available. You won’t even find a standard user agreement or AML & KYC policies. The website is woefully lacking in detailed information, leaving many crucial aspects either glossed over or completely omitted.

FCG Trade - site

The design of the FCG Trade website is a mix of dark blue and white, devoid of any notable visual effects. The main page lists an array of features and benefits, though these claims lack any corroborating evidence. For example, it is claimed that the platform is “safe and secure,” but there is no information to support why this is so. A considerable portion of the text on the site appears to be meaningless or vague.

Partnership and Bonuses

FCG Trade surprisingly lacks an affiliate program, a common feature beneficial to both the firm and traders looking for additional income opportunities through referrals. The absence of any partnership program is notably conspicuous, and no hints are given about its potential existence. Additionally, while no bonuses are discussed, the description for the types of accounts does make mention of “loyalty points,” though it’s unclear what these points represent or how they function.

Account Opening on Fcgtrade.com

Setting up an account with FCG Trade is straightforward, requiring only basic information such as your name, email, country, date of birth, and account currency (options include USD, EUR, GBP, and BTC). Then create a password and agree to a user agreement, which curiously appears only at this stage of the process. We don’t know why the company has provided it only in the registration form. More concerningly, FCG Trade doesn’t mandate any verification for the provided phone number or email address, creating a glaring loophole in their security measures.


The user interface of the dashboard is easy to navigate. From the account, users can download the trading platform onto their computer or access the web-based trader. They can also deposit funds, request withdrawals, update personal information, upload KYC documents, and review their trade and financial transaction history. Notably, FCG Trade lacks a demo account feature, making it impossible for users to try the service with virtual funds.



Verification at FCG Trade is mandatory. You can’t trade without going through the KYC procedures. The broker falls short of providing comprehensive guidelines on the types of documents needed for this process. To upload your scans and photos, you’ll need to go through your dashboard. You simply choose the type of document and then specify its location on your computer.

  • None.
  • Verification is mandatory.
  • The procedure and minimum set of required documents are not explained.

Trading Software

FCG Trade’s trading platform is a standard webtrader that you can launch from any browser. Although there’s an option to download a .msi file to install the platform on your PC, we advise against it due to the potential risks of malware or viruses. On the platform, you can monitor key metrics like your current balance, open positions, ROI, and trading statistics. You can also make deposits directly through the interface. The terminal supports multiple languages, 11 in addition to English, including Russian, Japanese, Turkish, and Korean. Useful features include a notification system, various tools for technical analysis, market and limit orders, as well as stop-loss and take-profit options and indicators.


FCG Trade describes its limited-functionality terminal as if it’s the top-1 trading software in the forex industry. However, many advanced options and features are clearly lacking here: auto-trading, automated strategy testing on historical quotes, copy trading, custom indicator and setting uploads, and market depth. Many details mentioned in the platform description on the website were not found by us, such as the economic calendar and market watch.

It’s important to point out that FCG Trade offers only a web-based trading platform; they have not developed any mobile applications for Android or iOS. Consequently, if you want to trade on your smartphone, you’ll need to access the platform through a web browser. It can cause additional inconvenience.

Features FCG Trade Lyon Assets  London Bridge Cap
Demo Account
Mobile App ✔️
Own Development

How Can I Trade With FCG Trade?

The trading conditions at FCG Trade depend on the tariff selected by the client. The minimum deposit requirements are inconsistent; while account types are described as having a $0 minimum deposit, the instructions on how to start trading indicate a minimum amount of $500. It creates confusion about which piece of information is accurate. Let’s delve into the details of these tariffs.

All Info About Accounts

FCG Trade offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is either $0 or $500, as previously mentioned. For Silver accounts, the minimum deposit starts at $10,000, for Gold it’s $50,000, and Platinum requires $100,000. What stands out is the significant disparity between the Basic and Silver accounts. A difference of over $9,500 between these tiers appears excessively disproportionate, and there’s no clear explanation for why FCG Trade has structured its accounts in this manner.

Owners of the Basic account get the most unfavorable trading conditions. In fact, with such conditions, it’s virtually impossible to make money in the financial markets. The types of assets you can trade are limited, and the leverage is set at a low 1:1. Swaps are priced at 0.6 points, and the only perks are basic training, trading signals, and general support. The fee structure is especially concerning, with two separate listings indicating “fees 1-7%” and “commissions 1-2.5%.” It’s unclear what these fees specifically cover, but trading with such astronomical and unreasonable charges would deter any serious trader. One could understand 0.1%, but 2.5% and even 7% is madness. FCG Trade is literally robbing its customers. There is no point in opening an account in such an unfavorable place.

Account types

The maximum leverage offered is only 1:5, available to Platinum clients who deposit $100,000, or more. It raises the question. Why would traders with such significant capital even require leverage? Wouldn’t it make more sense to offer higher leverage to those with smaller deposits, allowing them to maximize their trading volumes? We get the impression that FCG Trade deliberately created such destructive, terrible trading conditions. Either that or the conditions were created by someone who doesn’t know what trading and financial markets are. It’s no surprise that there is no Islamic account, nor a demo account.

  • None.
  • Super unfavorable trading conditions.
  • No Islamic and demo accounts.
  • Conflicting information about minimum deposit.

Market Analysis and Education With Fcgtrade.com

Customer support, expert analysis, and an educational center are additional services in FCG Trade. Besides, online quotes for the five asset classes and basic information about them are available on the official website.

Deposit, Withdrawal, and Fees

Judging by the payment method icons displayed on FCG Trade’s official website, the platform accepts transfers via Visa/Mastercard, Bitcoin, Webmoney, Skrill, Neteller, Sofort, and Qiwi. It raises questions as to why the Russian payment system, Qiwi, is included when the broker is based in England and offers neither Russian language support nor translation. Fees are not disclosed, but it is possible that one of the options described in the account types could be the commission for depositing or withdrawing money.

Features FCG Trade Spotinvest GoldNrise
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee ✔️
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

The official website of the company has a separate section dedicated to contact details. There the organization has specified a phone number, an address in London, and an email address. There is also a special form for feedback.

Checking FCG Trade’s contact details was quite enlightening, as we uncovered several intriguing points. Firstly, the listed phone number isn’t based in the United Kingdom, as one might expect, but rather originates from the United States. Secondly, upon conducting an online search, we discovered that the same phone number has also been listed on the websites of other firms such as HedgeStone, Xglobalfin, Masheq Capital, and Damac Investment. Third, the email address turned out to be fake; it doesn’t exist.

FCG Trade has significantly damaged its reputation by providing a mass phone number and a non-existent email address. Probably, the listed office address is also fabricated.

  • None.
  • Mass phone number.
  • Email does not exist.
  • Social media has not been created.

Is FCG Trade Dangerous?

To be honest, FCG Trade already raises red flags, and its trading conditions are entirely unfeasible for any serious trading activity. The fees they charge are exorbitant, making it virtually impossible for even experienced traders to turn a profit. Adding to the suspicion are fake contact details, which are also associated with other organizations notorious for fraud and scamming. All that remains is to investigate the period of operation and licenses, and then a final verdict can be made.

How Long Does The Broker Work?

Similar to other scambroker, FCG Trade provides no information about when it began its operations. The domain’s registration date indicates the firm only came into existence in June 2023. Well, quite recently; one can’t call this a long period. The company fails to provide any legal documentation that could challenge this short operational period. Even more concerning, a search in the Companies House registry reveals that there is no organization by the name of “FCG Trade” registered in the United Kingdom.


How Is FCG Trade Regulated?

The broker is clearly unregulated, meaning it operates illegally. We took the extra step of checking the Financial Conduct Authority (FCA) registry, responsible for regulating brokerage firms in the UK, for any mention of FCG Trade. No such organization was found there.

FCG Trade - FCA

Features FCG Trade Spotinvest Lig Broker
European Zone
Asian Zone
American Zone
African Zone

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

This fake broker appears utterly foolish. They even claim to have international operations, with offices around the world, including Singapore and Australia. Yeah, sure, an international organization that no one has heard of and that appeared just two months ago. Scammers from FCG Trade take traders for fools if they think they can deceive people out of their money in such a simple and primitive way. Even without a license, legal documents, and a long-term operation, trading conditions alone should be a deterrent. How can one trade with a deposit of $500 at a leverage of 1:1 and with a commission of up to 7%? In short, it’s a blatant scam, that’s all.

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FCG Trade rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about FCG Trade

Simple Pr August 21, 2023 - 22:02
Scammers don’t want to get my money back
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I invested funds in FCG Trade, unaware of the scam I was getting into. The company essentially duped me out of my money. I attempted to trade on their platform, but it was fruitless. The charts seemed to be fake, as they differed from those I observed from other reliable sources. Consequently, I decided to withdraw my investment. For context, I had deposited $1,500, a portion of my savings. FCG Trade has been unresponsive to my withdrawal request. I’ve applied to retrieve my funds, but to no avail; the money remains untouched in my account balance. Does anyone have any advice on what steps I can take next? How can I even establish contact with these scambrokers? I’d like to discuss the issue with them, perhaps understand why my money hasn’t been returned. It’s incredibly frustrating to lose money due to my own oversight. I should have vetted this fake and fraud firm from the start.

Ivan Dreko August 30, 2023 - 12:44
What the hell is this?
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I looked at what trading conditions FCG Trade offers for traders. And my eyes popped up and my hair stood on end. First of all, where is normal leverage? At least 1:100. How will you trade on Forex with 1:1 leverage and a deposit of less than $10,000? It is impossible. Going further, why are commissions listed twice? Okay, I’m fine with it. Why are the commissions so huge? How do scammers explain that??? Paying from 1% to 7% is robbery in broad daylight. No broker in the world takes such huge and cosmic commissions. FCG Trade has gone overboard here. Where is the demo account? This is an important element of any normal and trusted broker. And there is no Islamic account, the size and type of spreads are not even specified.
We can draw a very simple conclusion that the firm is a fraud and scam. And I only looked at the trading conditions. It is obvious that the activity is fake, as well as the whole firm. It does not exist, scammers have created a fake site with fake brokerage services to divorce and deceive people. There is no license, and the period of operation is not disclosed. I ran the office address and it turned out to be fake.
Man, I don’t know. There is nothing positive here, a blatant fraud. What else is there to comment on?


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