CTindexForex Review: Con Forex Scam

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CTindexForex Review: Con Forex Scam

CTindexForex ( is a clone trading website stealing information from City Index. CTIndex Forex is professing to offer CFDs, Cryptocurrency, and Forex trading to online trading enthusiasts. The homepage further states they have over 1200 trading instruments with a guaranteed profit margin. These scam artists have been using information from a dully licensed company. Only scam artists steal website information. Read this genuine and honest CTINDEXFOREX Review for more details.

CTindexForex Review

About CTindexForex

They claim that CTindexForex is a leading platform that was established in the UK. According to their about us page, these scam artists claim to be in the industry since 1983. It means they have over 30 years of trading history. With such a high number of experiences, it makes it easy to sell whatever they have. And this has moves a lot of unsuspecting investors to sign up without a second guess. Be sure to read our detailed reviews as we help expose online platforms that you must avoid.

To stay safe when trading online, you need reputable and reliable brokers. With vetted brokers, your chances of winning increase by the day. When you sign up with tested brokers, you are guaranteed of a safe trading experience. CTindexForex is another cloned website which must be exposed. The platform has caused ripples in the trading world with a majority of European investors being swindled. And this is why we must expose the platform hoping authorities will soon shut them down.

Asset Index

The platform is not clear on the type of assets they provide to traders. No company name has been listed which means traders don’t know the stocks they will be using. Traders have to sign up with the broker before getting to know the type of products they trade with. And this is a scary platform as the Bitcoin trading has skyrocketed in the past few years. Victims of the scam had signed up hoping to start trading with Cryptocurrency. It is best to use approved and credible Cryptocurrency trading robots for a rewarding trading session. Stay away from CT Index Forex as it is a proven scam.

Business Owner

CTindexForex claims to be owned by GAIN Capital UK Limited. A look at the company register in the UK reveals that such a company does exist. The problem is the company is affiliated to and not the platform above. One can easily see that these scam artists are using a name close to the original. Scam artists will do or say anything to try and make their platforms appear legit. And this is why you must stay away from it as the platform is owned by anonymous scam artists.

Domain Details

A closer look at the domain register shows that we are dealing with a dangerous trading platform. The domain register shows that the website was created on 2nd January 2020. It means the claim of being in the industry for over 35 years is a lie. Thanks to our years of investing and trading, we know how to spot a scam from a mile away. And this is why you must stay away from these scam artists. A cloned website is nothing but a Ponzi scheme which traps unsuspecting investors.

License and Registration of CTindexForex

CTindexForex FCA Warning

When it comes to details pertaining their license and registration, the platform is lying. Disclaimer at the footer of their homepage lists WH25413 as their company registration number. A check with the company register in the UK shows no company is listed under the registration number. These scam artists are using random registry details to try and fool investors. The company certificate is also a lie and is a word document converted to PDF. It shows the length scam artists will go to steal from investors.

CTindexForex is not licensed or registered to conduct any trading on the face of the planet. The UK Forex governing body the Financial Conduct Authority has already issued a warning. When such a leading institutions posts a warning, it is clear the platform is operating under false pretense. The FCA has shown that CTindexForex is using another legit company license detail. And this is proof we are dealing with a rotten platform operated by professional scam artists. Joining the platform is an ill-fated move which brings nothing but losses.

Limitations of CTindexForex

Award winning CTindexForex claims

The platform is hailing itself as an award winning platform which is a total lie. Scam artists will do anything to try and sell their products and services. And this means posting fake accolades to try and entice traders. The problem with their claim is they have no evidence to prove it. They just claim to have an award which they can’t show. And this is one of the many red flags we spotted on their homepage. We also looked at various awards in the UK and found no entry of their platform.

Contact and Customer Support

The platform has a live chat tool bar at the bottom right hand side of their website. We did notice that this is a bot led chat service which is not as fast as you would expect. Once we sent our queries, we had to wait for more than five hours to get a response. And this is proof we are dealing with scam artist who don’t want to be contacted. The bot service never fully answers important questions. They also ask visitors for their contact information which is given to account managers. The chat box is a tool for these scam artists to collect personal data which they sell to third parties.

No Demo Account

CTindexForex does not offer any demo account which is a huge problem. A demo account is important as they show how a platform behaves when trading. With a demo account, you get to know the advanced tools and features available. A demo account also gives traders a chance to see how fast the platform executes trades. Smart traders know better than to commit to a platform without testing the demo account. Sadly, CT Index Forex does not give trades this chance.

Payment Options

CTindexForex Payment Options

Some of the payment options listed includes Advcash, Bitcoin, Payeer, and Perfect Money. The problem with this platform is no one is able to withdraw funds. What we noticed is that scam artists will use depository channels which are easily accessible. Once you sign up, they will ensure you can deposit funds with any of the listed options. No trader has over the past few months posted evidence of withdrawing funds. And this makes it a shoddy platform with no meaningful trading services.

Trading Platform

CTindexForex is using a web based trading platform which is totally unsecured. The problem with their trading platform is it has not gone through rigorous testing. We checked and their trading platform lacks necessary security features. Lack of DDoS protection and SSL encryption leaves a lot to be desired. Stay away from this platform and never sign up with web based platforms with no security software.

Safety of funds with CTindexForex

When it comes to safety of funds, CTindexForex is not guaranteeing it. These scam artists will ensure no one gets to withdraw funds and are using a cloned website. The platform is not segregating accounts as they don’t have clear account details. What this points to is a platform that is pooling funds in one account. No member should expect any compensation as the platform does not participate in a compensatory scheme.

Scam or legit

About CTindexForex

When it comes to the evidence we have seen, CTindexForex is a scam. Stay away from the website and warn your loved ones from joining the platform. Avoid joining any of their affiliate programs as they too do not pay.

Bottom line

We have to add this platform to our scam blacklist and ensure no one else falls for this trap. Stay away and never give them your personal details.

Wishing all investors a happy and prosperous trading period.

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