ForexCT Review 2019

Regulated By:ASIC

Foundation Year:2006

Headquarters:636 St Kilda Rd, Melbourne 3004, Australia

Min Deposit:$500

Open Account

Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please consider our PDS and FSG before trading with us. A copy can be found on our website www.forexct.com.au. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets.

Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please consider our PDS and FSG before trading with us. A copy can be found on our website www.forexct.com.au. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets.
  • It has over 160 technical indicators and 20 drawing tools. This includes all the very popular indicators like Ichimoku, moving averages, MACD, Bollinger bands, etc.
  • One click trading can be enabled or disabled. The order processing screen has risk management tools like Stop Loss and Take profit, order expiration like Good till cancelled, etc
  • Account Management: From the platform; a trading account can be funded, balance monitored in real time, account history and trading history can all be viewed.
  • Mobile Trading Platforms

    “The mobile PROfit app is developed for the Android and iOS devices. It is stacked with important tools for trading and analysis.”

    You can use the PROfit trading platform to trade on the go and to monitor and amend your trading account. The ForexCT mobile PROfit app is designed for the Android and iOS devices. The app can be downloaded from the Google Play store or the App store.

    Here are some of the features of the ForexCT mobile app:

    • It gives full access to the ForexCT demo and real account servers so that no new account creation is necessary. Trades can be opened on the web PROfit and closed or modified from the web PROfit.
    • It shows live quotes of the market prices for all tradable assets.
    • The app displays charts and technical analysis tools.
    • It fully integrates with the account management options to display account history, view account status and fund accounts.
    • The app can be used to open, modify and close orders and it has risk management features.

    Trading Features

    “Trading central news, daily analysis and commentary is provided to clients at no extra cost.”

    Here are the trading features of ForexCT which are noteworthy:

    Trading Central:

    This is an independent financial investment research firm. ‘Trading Central’ is trusted by the world’s largest financial institutions for financial analysis, news and commentary. ForexCT provides real account holders’ access to free membership of Trading central’s services which include daily news updates, technical analysis and tips.

    Daily Reports:

    ForexCT gives its clients a comprehensive snapshot of happenings in the financial markets. It is delivered daily by email. To receive the daily reports, fill the form on the website. Only the clients name, email and phone number are needed. The information in the daily reports are sourced from “Trading Central” which is an independent research provider.

    Commissions & Spreads

    “ForexCT offers only fixed spreads. The broker does not charge commissions.”

    Below are some of the assets listed on ForexCT and their corresponding fixed spreads:

    SYMBOL SPREAD SYMBOL SPREAD
    METALS CURRENCIES
    ALUMINIUM 4 USDBGN 0.0001
    COPPER 0.02 EURGBP 0.0003
    SILVER 0.04 AUDUSD 0.0004
    GOLD 0.5 EURUSD 0.0004
    PALLADIUM 0.7 GBPUSD 0.0005
    PLATINUM 2.5 NZDUSD 0.0005
    NICKEL USDCAD 0.0005
    INDICES AUDCAD 0.0012
    NIFTY 0.5 AUDCHF 0.0012
    NASDAQ 2.58 CADCHF 0.0013
    CAC 4 GBPCAD 0.0014
    ASX 200 4.68 NZDCAD 0.0014
    DAX INDEX 5 USDSGD 0.0014
    FTSE 6 EURCHF 0.0015
    IBEX 10 GBPCHF 0.0015
    NSDQ 10 GBPNZD 0.0027
    MIB 40 20 USDAED 0.0039
    DOW JONES 35 EURPLN 0.004
    HANG SENG 46 USDBHD 0.0079
    CFDs USDDKK 0.0082
    Adelaide Brighton Limited 0.3 GBPPLN 0.009
    Als Limited 0.3 EURNZD 0.01
    Ausnet Services Stapled 0.3 EURNOK 0.1
    Bank of Queensland Limited 0.3 EURZAR 0.1
    Beach Energy Limited 0.3 GBPILS 0.1
    Bendigo And Adelaide Bank Limited 0.3 CHFJPY 0.12
    BHP 0.3 NZDJPY 0.12
    Bluescope Steel Limited 0.3 TRYJPY 0.1468
    Boral Limited 0.3 USDILS 0.7
    Brambles Limited 0.3 USDHKD 0.9
    Caltex Australia Limited 0.3 USDINR 0.9
    Carsales.com Limited 0.3 USDQAR 0.9
    CBA 0.3 CRYPTOCURRENCIES
    Challenger Limited 0.3 BTCUSD 5
    FMG 0.3 Dash 5
    GPT Group Stapled 0.3 Ethereum 5
    Graincorp Limited 0.3 Litecoin 5
    Harvey Norman Holdings Limited 0.3 Ripple 5
    Healthscope Limited 0.3 COMMODITIES
    Iluka 0.3 CL 0.013
    Incitec Pivot Limited 0.3 Gas Natural 0.02
    Insurance Australia Group Limited 0.3 HEATING OIL 0.02
    Investa Office Fund Stapled 0.3 Natural Gas 0.02
    Ioof Holdings Limited 0.3 SUGAR 0.02
    James Hardie Industries PLC Cdi 1:1 0.3 CRUDE OIL 0.06
    Newcrest Mining Limited 0.3 WHEAT 1
    Oil Search Limited 10T 0.3 Lukoil 4.3
    ORG 0.3
    Orica Limited 0.3
    Orora Limited 0.3
    Perpetual Limited 0.3
    Primary Health Care Limited 0.3
    Qantas Airways Limited 0.3
    QBE 0.3
    Ramsay Health Care Limited 0.3
    REA Group LTD 0.3
    Sonic Healthcare Limited 0.3
    Spark Infrastructure Group Forus 0.3
    Star Entertainment Group 0.3
    Stockland Stapled 0.3
    SUN 0.3
    Sydney Airport Forus 0.3
    Tabcorp Holdings Limited 0.3

    *The data is taken directly from the broker website and is correct at time of writing.

    Bonus & Promotions

    “ForexCT brokerage does not offer any bonuses or promotions to its clients due to its regulated nature.”

    ForexCT has no demo trading contests, no welcome bonus and no incentives. The broker does not offer promos or raffle draws.  This is as a result of its regulated nature. ASIC prohibits the offering of bonuses and promotions.

    Customer Support

    “The Customer support desk is always there to assist anyone with inquiries, client or prospect alike. The support assistants can be reached on phone, email, chat and social media.”

    The Customer support desk has the Australian desk, the Chinese desk and the International desk.

    The following support channels are available:

    • Instant Web Chat: This is available on the platform and on the website.
    • Email:support@forexct.com; info@forexct.com.
    • Contact Us Form:This is a single textbox form. Just fill in your email or phone number and click “send”. A support assistant will get back to you.
    • Social Media: The following social media channels are available:
      • Facebook.com/Forex Capital Trading
      • Youtube.com/Forex Capital Trading
      • Twitter.com/@ForexCTResearch

    The support assistants speak English. They are very knowledgeable, courteous and willing to assist. The social media handles are active but they are seldom updated.

    Research

    “The Trading Insider and the Economic calendar are provided to assist the trader in carrying out fundamental analysis.”

    Trading Insider:

    This is a trading tool* that shows the market depth for an asset. It shows the percentage of ‘buy’ and ‘sell’ orders for each asset. A trader can choose to go with the trend or go against it. For example if it shows that 70% of traders has been placing a “buy” order for the EURUSD asset, a trader can go with the trend by clicking “go” under “follow the trend.”

    Economic Calendar:

    ForexCT has the Economic calendar embedded within the PROfit platform. The calendar displays important events happening around the world that will impact the forex/CFD market. The calendar shows the dates and times of these events and their forecasted impact percent. The calendar also shows the history of such an event including its forecasted and actual impacts.

    * “Trading Central”’ is an independent research provider that provides financial analysis’

    Trader Education

    “Forex trading courses are on the website. Video tutorials are available on the trading platform.”

    The following resources are available for trader education:

    Video Tutorials:

    This is available on the PROfit trading platforms. It consists of 4 beginner videos and 3 advanced level videos. The videos are succinct, loud and clear. It is professionally made and taught. It can serve as a quick introduction to forex trading.

    Forex Trading Courses:

    This course is designed to train a beginner to become an advanced level trader. The course is divided into beginner, intermediate and advanced level courses. The beginner course focuses on introduction to forex trading, leverage, maximizing profit, risk management, etc. The intermediate and advanced level course deals with trading psychology, advanced technical analysis, mirror trading, etc.

    Trading Experience

    “ForexCT brokerage services would be very suitable for a beginner trader or an intermediate-level trader who can perform rudimentary technical and fundamental analysis.”

    ForexCT offers quality broker services to its clients in Australia. Beginner traders are provided with excellent analysis from ‘Trading central’. A demo account for practice is also available to the newbie.

    Intermediate-level traders who have some knowledge of technical or fundamental analysis will also be content with the services of ForexCT. But, expert traders who utilize complex algorithms to perform high frequency trading on very large orders will not be able to use the services of this broker.

    FAQ

    Here are some of the “Frequently Asked Questions” about ForexCT:

    Where is ForexCT based?

    ForexCT broker is based in Melbourne, Australia.

    How does ForexCT make money?

    ForexCT makes its money from fixed dealing spreads charged on all orders.

    How do I make a deposit into my ForexCT account?

    The payment options accepted are: Bank Transfers, Credit/Debit Cards and BPay.

    What is the min. deposit for ForexCT?

    The minimum deposit is $500.

    What is the maximum leverage in ForexCT?

    The maximum leverage is 1:400.

    How do I open an account with ForexCT?

    Click on the ‘Sign Up’ button found on the right hand side of the menu bar and fill the form.

    Does ForexCT use MetaTrader?

    No, only the web and mobile PROfit are available.

    Conclusion

    ForexCT provides broker services for a very long time. The brand is regulated by the ASIC which is a reputable regulator known around the world. ForexCT offers over 170 assets that can be traded on the PROfit platforms available on the web and mobile. The PROfit has tools used by traders for technical and fundamental analysis. News and analysis are provided by ‘Trading Central’ and some other sources like investing.com. Trader education, especially for a beginner trader is available on the website and on the platform.

    However, there are no promos and bonuses for clients. ForexCT has a satisfactory product offering which makes it a great alternative for traders who want UK/EU brokerage standards, but with more generous leverage provisions. ForexCT is suited best to newbies and retail traders with some experience.

    Here are some of the main features of trading with ForexCT broker:

    • Regulated by ASIC.
    • Access to trade over 170 assets in six classes which includes cryptocurrencies.
    • A modern platform that has many useful features.
    • Trader education is provided especially for beginner traders.
    • Quality news and analysis from Trading Central.
    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please consider our PDS and FSG before trading with us. A copy can be found on our website www.forexct.com.au. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets.

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    Dmitrii Petrenko
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    Todo me parece bien. Me gusta todo en Olymp Trade. Lo más importante es que retira el dinero y se puede invertir en las acciones a largo plazo

    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please consider our PDS and FSG before trading with us. A copy can be found on our website www.forexct.com.au. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets.

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    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please consider our PDS and FSG before trading with us. A copy can be found on our website www.forexct.com.au. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets.
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    ForexCT

    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please consider our PDS and FSG before trading with us. A copy can be found on our website www.forexct.com.au. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets.

    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please consider our PDS and FSG before trading with us. A copy can be found on our website www.forexct.com.au. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets.