Nordic CT Scam Broker Review!!!

Here’s an independent Nordic CT review that sets the record straight about Nordic CT.

Is Nordic CT legit? No, this broker is a scam just like the rest including MetaSwissX, Arbitrage Genius, and so on. Unlike other websites, the website—nordic -ct.com, is available in Swedish by default but you can also switch to English, suggesting that this broker is based in Sweden or so.

Without further ado, let’s get into this unbiased review of Nordic CT broker: 

A screenshot image, showing the Nordic CT broker website or platform. 

As always, I’ll mainly take you through the evidence that this purported trading platform is fake! But first things first, here’s the company summary according to the official website www.nordic-ct.com/en:

Evidence That Nordic CT Is a Scam

There are a few pieces of evidence showing that the Nordic CT broker is a scam as follows: 

1. Unlicensed and Unregulated Broker 

The law considers any broker who operates without a license and is not regulated as an illegal broker. Nordic CT is one such broker. While the absence of a license and being unregulated doesn’t necessarily mean that a broker is a scam, the presence of other factors in addition to these suggests so. 

2. Unrealistic Leverage Levels

It goes without saying that authentic brokers are limited when it comes to the maximum leverage levels they can offer. Brokers within the European Securities and Markets Authority (ESMA) and the European Union jurisdictions, for example, are restricted to maximum leverage levels of between 1:20 and 1:30,  depending on the type of currency pairs(major and non-major pairs).

Similarly, their counterparts within the Commodity Futures Trading Commission (CFTC) in the United States are limited to maximum leverage levels of 1:2, 1:20, and 1:50, with respect to currency pairs, commodities(other than gold),  as well as stock indices and cryptocurrencies. 

It goes without saying that authentic brokers will offer reasonable leverage levels within the stipulated limits. On the other hand, scam brokers will carelessly promise unacceptable and unreasonable leverage levels without considering their stipulated limits, and that’s exactly what Nordic CT has done, promising illegal leverage levels of up to 1:600. 

Though they have kept their physical address under wraps, this broker seems to operate from Sweden judging by the fact that their website is available in Swedish by default. 

It’s worth noting that brokers located in Sweden are regulated by the Financial Supervisory Authority (FSA), or Finansinspektionen. The regulations of the FSA regarding the stipulated maximum broker leverage levels are similar to the ESMA’s as they are influenced by the EU regulations. This means that if this broker truly operates from Sweden, applicable laws forbid them from offering leverage levels higher than 1:20(for non-major currency pairs) and 1:30(for major currency pairs). 

3. No Contact Details

Another piece of evidence showing that Nordic CT is a scam is that this broker has deliberately failed to disclose their email or telephone contacts. This act indicates untrustworthy operations or fraud with many reasons behind it.  Anonymity intentions and communication avoidance are some of the reasons. So are deceptive practices, short-term operations, as well as authority and accountability avoidance. 

4. Scamadviser Report

What’s more, Scamadviser rates nordic-ct.com and advises visitors to take caution when visiting the site. The scam checker website gives it a trust score of 23 out of 100, showing that it’s an untrustworthy platform to trade. You can see more of the report by clicking on the Scamadviser link above or following this link:

5. Fake Trustpilot Feedback

As if that were not enough, I further looked up this scam broker on another review site known as “Trustpilot”. Suspiciously enough, 15 of the 16 customer reviews were 5-star. Only one user gave it a 1-star. 

It’s pretty unusual for an entity to receive only 5-star reviews. After all, customer experiences with a product will vary, and so will their opinions about the product. Consequently, a company will naturally receive mixed feedback consisting of positive 5-star reviews and negative reviews with fewer stars.  

Even more suspicious was the fact that all the reviews were written by customers from Sweden. Yet this platform is global, targeting investors from all corners of the globe. 

After considering all the facts, it became clear to me that the Nordic CT broker reviews on Trustpilot were fake. 

6. YouTube Reports

Just to be completely certain that Nordic CT is a scam, I had to further look up this broker on YouTube. As I expected, this platform has been exposed on the video-sharing platform for what it is by two channels: Broker News and Live Investment News. 

The Broker News YouTube channel reported that Nordic CT is a fake broker who has stolen the credibility of another firm they aren’t related to. Here’s a link to the video; https://www.youtube.com/watch?v=WOWjxz5J28g, further suggesting that this broker is a fraudster.

Similarly, the Live Investment News YouTube channel referred to them as a horrible scammer, warning that they are in the market to defraud unsuspecting traders. Again, here’s a link to the video; https://www.youtube.com/watch?v=bLwnDKqH-1k, further proving that this platform is not legitimate.

7. False Claims By Nordic CT

Last but not least, Nordic CT talks big, provides misleading information, and makes dishonest claims like other scam brokers. For example, the company purports that it has been in business for 18 years(i.e. since 2005). But scamadviser and other domain age checker sites show that the domain was registered only three months ago. 

Similarly, the company claims that it makes its money mostly through spreads and that a smaller percentage of its revenues comes from other fees. But the reality is that it generates its revenues by swindling unsuspecting investors, as evidenced by authentic customer feedback.

Last but not least, the company purports that its trading platforms have won lots of FX awards throughout the world, but it fails to provide any proof of that, meaning that’s a lie. Yet brokers who’ve won awards will conspicuously and proudly display their words for visitors to see and gain further trust in them. It’s common sense. 

My Final Verdict on Nordic CT

Nordic CT is a scam broker who operates without a license. They are not regulated by any regulatory authority, giving them a leeway to be rogue. This fraudster has paid a few unscrupulous individuals to give them good feedback on Trustpilot, misleading many unsuspecting investors. The evidence showing that nordic-ct.com is a scam is so overwhelming that you don’t need any other to be convinced that it is. I recommend that you stay away from this website regardless of all the positive reviews of Nordic CT you may come across. After all, this company has paid a lot of unscrupulous authors money to paint it in a good light. 

Report A Scammer

To report Nordic CT or another scammer and seek, go to this page. You may also send an email to scamread@scamreader.info.