ASIC — Australia
First Class Trade Limited
Licence
FCT Review — Overview
Regulation
Tier-1 regulated
Licence
ASIC • VFSC
Licence status
Active
Platforms
Meta Trader 5 and Meta Trader 4
Min. deposit
$500
Max. leverage
1:100
Instruments
Stocks and shares, Forex, Commodities, Indices
Typical spread
0.1-2 pips
Operating
Est. 1994
Entity
First Class Trade Limited
Website
Unknown
FCT is a forex & CFD broker based in United Kingdom, established in 1994. On Trust Broker Hub it holds a Trust Score of 6.1 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, FCT is regulated by ASIC and VFSC, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
FCT provides access to Stocks and shares, Forex, Commodities, Indices. Published conditions include a minimum deposit of $500 and leverage up to 1:100. No complaints are currently on record. Overall, FCT has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
FCT currently scores 6.1/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
VFSC — Vanuatu
First Class Trade Limited
Licence
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Stocks and shares, Forex, Commodities, Indices, Crypto Currencies, Bonds, Derivatives. |
| Minimum deposit | $500 |
| Maximum leverage | 1:100 |
| Typical spread | 0.1-2 pips |
| Platforms | Meta Trader 5 and Meta Trader 4 |
| Demo account | ✔ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on FCT
Our analysis · editorial
6.1/10
A mixed risk profile
FCT holds a tier-1 regulatory licence among its 2 registrations (ASIC, VFSC). Based in United Kingdom, it has been operating for about 32 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 6.1/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (ASIC, VFSC)
- Holds 2 regulatory licences across multiple jurisdictions
- Long 32-year operating track record
- No complaints on record with us
- Supports Meta Trader 5 and Meta Trader 4 trading
- Accessible minimum deposit ($500)
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
FCT — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag FCT here if that changes.
Full specifications
Regulated region
United Kingdom
Operating period
5-10 years
Instruments
Stocks and shares, Forex, Commodities, Indices, Crypto Currencies, Bonds, Derivatives.
Year founded
1994
Frequently asked
Is FCT a safe broker?
FCT scores 6.1 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the FCT trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from FCT?
FCT publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.