ForexCT Broker Reviews and Full Information

What's Forex CT?

Contrary to what many believe trading might seem to be a commonplace thing However, it's not. It requires a lot of knowledge and has a number of risks that are not suitable for those with weak hearts. It's an escape from their boring 9-5 work for some people, however, at the same time the risks involved are high.

Forex CT is really popular in the eyes of Australian traders due to the variety of instruments available and the high-end quality of service. Over the past decade, they've been able to establish a reliable reputation on the market. A reputable regulatory authority, ASIC, regulates it.

 

Pros

Cons

ASIC is the only authority to regulate it. ASIC.

There is no 24/7 support.

Many trading instruments.

 
   

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10-Points Summary

Headquarters

Australia

Regulation

ASIC

Platforms

WebPROfit, Mirror Trader, MobilePROfit

Instruments

Forex, CFDs, Cryptocurrencies,

EUR/USD Spread

0.4 Pips

Demo Account

Yes

Minimum deposit

$500

Base currencies

USD, AUD.

Education

Provided.

Customer Service

24/5

How Safe Are You With Forex CT?

Which is the single most essential aspect a broker can provide to its client? Protection. If the broker you choose does not offer you with maximal protection, then the broker isn't worth the risk. If you're new to the world of trading or have been trading for many years, it's important to investigate the security policies provided by the broker.

For Forex CT, they are monitored through the Australian Securities and Investments Commission This means that they are required to adhere to all rules set by ASIC. The violation of any law is strictly forbidden and can be punished with the levy of charges.

The renowned brokerage firm promises to keep all money in a segregated account with the top banks in the tier-1.

So, Forex CT has excellent security policies and is confident in its security.

 

Pros

Cons

The funds are held separately in bank accounts.

None.

Under the supervision of ASIC.

 
   

 

Awards:

A lot of people have the opinion reviewers are bias, and this could be true. But, we can assure you the reviews we provide are not biased in any way. It is true that many doubt the validity of reviews, however nobody ever blames awards for their shortcomings. Awards are a sign of the level of service provided by a business, and is more of a gesture of gratitude.

Forex CT has not won an award so far.

Are Forex CT a scam or is it safe?

Are you worried about being victimized? If yes, what precautions have you implemented to safeguard yourself? Scammers are in the open and are primarily targeting beginners and traders who are just starting out It is essential to conduct thorough research and seek out feedback about the broker with others before you invest your hard-earned cash.

For Forex CT, it is under the supervision by the Australian Securities and Investment commissions. So, any chance of the broker being fraudulent will be wiped out since it is required to adhere to the guidelines set by the regulatory agency.

 

Account:

In contrast to other brokers Forex CT only offers one account type called it's the real account. But, they have the good sense to give the demo account.

Real Account: This kind is a type of account that requires a investment of $500, and the possibility of trading at 0.01. Maximum leverage can be 1:400 as well as fixed spreads also available. There are no unique features available.

Demo Account Demo accounts are an opportunity for traders who are interested to test their skills and learn about trading without worry about losing money. It's an excellent chance for anyone who wants to learn more about trading.

Islamic Account Islamic Account: Any Islamic account is made available specifically for Muslim traders who adhere to the Shariah Law. However, Forex CT does not provide services to Muslim traders. Therefore, the Islamic account isn't offered.

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Pros

Cons

Demo account available.

There is only one type of account available.

   
   

 

Trade Instruments

Forex CT offers a wide range of trading options to choose from, including:

  • Cryptocurrencies.
  • Forex.
  • CFDs.
  • Commodities.

Indices.

 

Pros

Cons

A wide range of choices.

None.

Five different cryptocurrencies available.

 
   

 

 

 

Trade Platforms

The trading platform can be described as a software which allows traders to continue in their trading appropriately and efficiently. It is therefore the obligation of brokers to select a platform that is suitable for their business.

Forex CT provides the proprietary PROfit platform that provides an array of highly effective options and an interface that is simple to navigate.

With PROfit's platforms you don't have to look to download external software. It provides a variety of instruments to trade, such as Forex as well as CFDs with one-click support for trading.

The mobile app that is part of PROfit's PROfit platform can also allow trading on the go simple and enjoyable.

Additionally it is possible to use it is also possible to use the Mirror Trading platform is also accessible that mirrors the best and most effective trading strategies, so that you can benefit from the lessons they teach.

Pros

Cons

Proprietary platform.

None.

Mirror trading platform is also accessible.

 


 

 

Fees for Trading:

The cost for trading comes as spreads since Forex CT does not charge any commission. Spreads are fixed and don't change based on market's conditions.

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In addition, there is no deposit or fee for withdrawal is charged by this broker.

 

Pros

Cons

No commission charged.

None.

Fixed spreads.

 

No withdrawal or deposit fee.

 
   

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Options for Deposit and Withdrawal:

After you have set up an account then the second step would be to make the amount you need to deposit. The next question is how can you transfer funds in the account?

Forex CT offers a range of deposit options that make the whole process easy. The minimum deposit amount is $500. It is deposited using one of the following methods:

  • Bank Transfer.
  • Debit/Credit Card.
  • Bpay
  • International Telegraphic Transfer.
  • All deposits are completely free.

When withdrawing funds, users are required to utilize to use the PROfit platform. The same procedures are employed to deposit funds, and the same applies to withdrawals. All withdrawals are absolutely free. The withdrawal should be done using the same method the same deposit method.

Education:

No matter if you're a beginner or experienced trader, learning sources can beneficial to both. To be successful in trading, you must discover patterns and have enough information. Yes, experience is an excellent teacher, but knowing is equally important. Thus, every trader should be a student of the market and profit from the many information and resources offered by their broker.

Forex CT provides various educational sources in the form of books, trading classes, as well as webinars.

The eBook contains a range of subjects including basic forex concepts, essential trading regulations, an the basics of platforms and more. Contrastingly, the trading courses cover the basics of risk management, the fundamentals of forex, the fundamentals of technical analysis, and so on.

 

Helpdesk:

The customer support service is used to build an excellent relationship with the business. Naturally, every person would like to work with a person who is concerned about their needs and can assist them with the resolution of their problems.

Forex CT cares about its customers and strives to offer exceptional customer service. The team is dedicated to address all technical issues traders have and can be reached via phone or email. The only drawback to the customer support services offered through Forex CT is that no live chat option is offered.

We are available 5 days per week.

 

Pros

Cons

Rapid response.

Live chat is not available.

Support via phone and email is Available via phone and email.

 
   

 

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Conclusion:

Forex CT has been operating since the last decade. Since its beginning it has been able to build a name that is highly regarded by brokers and traders on the market. The team is committed and devotedly to provide an unforgettable experience for traders.

It has outstanding customer service and amazing trading platforms with an easy user interface. Demo accounts are a great resource for traders who are new to trading.

An authority that is well-known regulates it, and appropriate protection policies are given to customers. Furthermore, a secure and secure trading experience is provided to traders.

The only issue with This broker's offering is that its minimum investment is extremely high, and only one type of account is available, and it is offset by the other services it provides. Apart from that, it's an extremely secure choice.

 

 

Frequently asked questions (FAQs)

Does Forex CT licensed?

Absolutely, Forex CT is regulated by the Australian Securities and Investments Commission.

What is the minimum amount to deposit?

The minimum amount for deposits set by Forex CT is $500.

Does there exist a charge for deposits or withdrawals?

There is no charge, Forex CT does not charge any withdrawal or deposit cost.

Do you have the option of the possibility of a demo account?

Yes, Forex CT offers a demo account.

Summary
Properties Values
Name
ForexCT
Minimum Diposit
$ $500
Leverage
1:400
Regulation
ASIC (Australia),,
Headquarters
Australia
Established
2006
Address
Level 18/636 St Kilda Rd, Melbourne VIC 3004, Australia
Platform
MT4,MT4 WebTerminal,Myfxbook,,
Payment Method
Mastercard,Credit Card,Wire,Skrill,Neteller,Webmoney,,
Overview
Properties Values
Spreads
0.4 Pips
Min Position size
0.01
Broker Type
STP (Straight Through Processing),ECN (electronic communications networks),Instant Execution,,
Account Type
Islamic account,,
Brokers by Country
Australian Forex Brokers,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,
Instruments
Gold Trading Brokers,CFD Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,,
Account currency
,USD,,USD,,USD,,USD,,USD,
Tools
Charting Software,,
Website Languages
en,,
Support languages
en,,
Bonus
Yes
Reviews Rating
3.2
Withdrawal Fee
No
Trading Signals
Yes
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Free
Pors
1. The funds are held separately in bank accounts.
2. Under the supervision of ASIC.
Cors
None
Display Analysis
Yes
Serving country
AU,,
Not Serving country
,
Contests
No
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
No
Social trading
No
Web trading
Yes
Forex pairs
No
CFDs
Yes
Crypto
No
Hedging
Yes
PAMM
MAMM,Myfxbook Auto trade,Mql5 signals,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+61 1800 367 392
Customer Support
24/5
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