A Hello Alex,
Thank you for your inquiry.
We do not recommend trading with CTForex for the following reasons:
- CTForex claims that CTForex LTD is registered in Saint Lucia. While we confirmed its presence in the Saint Lucia IFC (International Financial Centre) registry, this registration merely confers International Business Company (IBC) status and does not constitute a valid forex trading license. The Saint Lucia IFC does not regulate or license forex brokers.
- CTForex also claims to have a physical presence in Poland. Our check with the PFSA (Polish Financial Supervision Authority) confirms that CTForex LTD is not listed in its register of authorized financial institutions.
To conclude, CTForex holds no valid regulatory license from any recognized financial authority, leaving client funds completely unprotected. Please avoid engaging with CTForex and to choose only properly regulated brokers.
CTForex
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