ForexCT (short for Forex Capital Trading) is an
Australian based Forex broker that was founded by an experienced mix of
bankers, venture capitalists, internet experts and specialists in
foreign exchange trading. The brokerage prides it on upholding the
highest form of ethical behavior when engaging in business transactions.
Forex Capital Trading Ltd's Australian subsidiary, Forex Capital
Trading Pty Ltd, holds an Australian Financial Services License (License
No. 306400). The Australian Securities and Investments Commission
(ASIC) enforces the laws and regulations, which govern the provision of
these financial services. Read our full ForexCT review to see if this
brokerage is the one you’ve been searching for.
General Information
Founded in: 2006
Headquarters: Australia
Maximum leverage: 1:400
Minimum deposit: $100
Minimum lot size: 2,500
Languages available: English, Chinese
Regulation: ASIC
Trading Platform
ForexCT offers its own trading platform which allows traders to trade the 9 available currency pairs. The broker’s website offers a step-by-step explanation of how the platform works so that traders can understand every visual aspect that is presented. With these clear directions and a clutter-free design, this platform is suitable for first-time traders and those with a bit more experience.
General Information
Founded in: 2006
Headquarters: Australia
Maximum leverage: 1:400
Minimum deposit: $100
Minimum lot size: 2,500
Languages available: English, Chinese
Regulation: ASIC
Trading Platform
ForexCT offers its own trading platform which allows traders to trade the 9 available currency pairs. The broker’s website offers a step-by-step explanation of how the platform works so that traders can understand every visual aspect that is presented. With these clear directions and a clutter-free design, this platform is suitable for first-time traders and those with a bit more experience.
Features and Account Types
During our ForexCT review, we found that ForexCT offers four account options:
MINI accounts require an initial deposit of $100, with dealing spreads of 5 pips, contract sizes of 2,500 and a maximum leverage of 1:200. GOLD accounts require an initial deposit of $1,000, with dealing spreads of 4 pips, contract sizes of 50,000 and a maximum leverage of 1:300. ForexCT PLATINUM accounts require an initial deposit of $20,000, with dealing spreads of 3 pips, contract sizes of 100,000 and a maximum leverage of 1:400. VIP accounts require an initial deposit of $100,000 with dealing spreads of negotiable, contract sizes of 500,000 and a maximum leverage of 1:400.
ForexCT uses a proprietary trading system that feeds real-time streaming prices to a trade system station. Prices are updated dynamically. They are not simply indications of where the market is trading, but actual executable prices that traders can use to buy or sell a currency pair.
Educational options available with all account types include an online training course, free Forex guidebook and a free 60-minute online tutorial. An extensive FAQ section covers almost anything one might care to know about ForexCT or the basics of Forex trading. Support of some kind appears to be available using a chat option. Technical support of the platform isn’t specifically referenced on the website, but from what we saw during our ForexCT review, you shouldn't anticipate any technical problems.
Ease of Use
Despite a few small glitches, we were generally satisfied with the service we received and experience we had during our ForexCT review. Code of conduct notwithstanding, we found the company’s chat representatives to be especially unfriendly, while email responses took longer but were significantly more appropriate. We were, however, happy to see that chat service is available 7 days/week, while some other brokers only offer chat support during the 5 day trading week.
What ForexCT lacks in finesse, however, it makes up for in simplicity. User guides empower traders to understand every part of the Forex trading process both before they begin and during their trading career. Registration was painless, the learning curve for the platform was relatively short, and trade executions were sufficiently fast.
Final Thoughts
ForexCT may be one of a handful of Australian-based Forex brokers, but that doesn’t mean it limits itself to clients in the southern hemisphere. Instead, ForexCT has proven to be a popular broker throughout the world, likely based on its inimitable trading platform, regular market analyses and thorough Forex articles.
During our ForexCT review, we found that ForexCT offers four account options:
MINI accounts require an initial deposit of $100, with dealing spreads of 5 pips, contract sizes of 2,500 and a maximum leverage of 1:200. GOLD accounts require an initial deposit of $1,000, with dealing spreads of 4 pips, contract sizes of 50,000 and a maximum leverage of 1:300. ForexCT PLATINUM accounts require an initial deposit of $20,000, with dealing spreads of 3 pips, contract sizes of 100,000 and a maximum leverage of 1:400. VIP accounts require an initial deposit of $100,000 with dealing spreads of negotiable, contract sizes of 500,000 and a maximum leverage of 1:400.
ForexCT uses a proprietary trading system that feeds real-time streaming prices to a trade system station. Prices are updated dynamically. They are not simply indications of where the market is trading, but actual executable prices that traders can use to buy or sell a currency pair.
Educational options available with all account types include an online training course, free Forex guidebook and a free 60-minute online tutorial. An extensive FAQ section covers almost anything one might care to know about ForexCT or the basics of Forex trading. Support of some kind appears to be available using a chat option. Technical support of the platform isn’t specifically referenced on the website, but from what we saw during our ForexCT review, you shouldn't anticipate any technical problems.
Ease of Use
Despite a few small glitches, we were generally satisfied with the service we received and experience we had during our ForexCT review. Code of conduct notwithstanding, we found the company’s chat representatives to be especially unfriendly, while email responses took longer but were significantly more appropriate. We were, however, happy to see that chat service is available 7 days/week, while some other brokers only offer chat support during the 5 day trading week.
What ForexCT lacks in finesse, however, it makes up for in simplicity. User guides empower traders to understand every part of the Forex trading process both before they begin and during their trading career. Registration was painless, the learning curve for the platform was relatively short, and trade executions were sufficiently fast.
Final Thoughts
ForexCT may be one of a handful of Australian-based Forex brokers, but that doesn’t mean it limits itself to clients in the southern hemisphere. Instead, ForexCT has proven to be a popular broker throughout the world, likely based on its inimitable trading platform, regular market analyses and thorough Forex articles.
Tidak ada komentar:
Posting Komentar