forexCT Review 2020

forexCT Rated 3/5
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forexCT Guide

forexCT are an online broker founded in 2008 offering Forex trading trading, Spread Betting trading, and Share Dealing trading.

forexCT are a global broker and have a head office in Australia.

forexCT have a listed stock symbol. This means that forexCT have publically listed and you can officially buy shares in forexCT on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of forexCT we break down the pros and cons. What forexCT are able to offer, what countries forexCT are available in. Who forexCT are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with forexCT

  • Regulated by: Australian Securities & Investments Commission (ASIC)
  • Headquarters Country : Australia
  • Foundation year 2008
  • Min Deposit : 100
  • Used by over 10,000 traders
  • forexCT is not available in the following countries :
Open forexCT's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to forexCT

With this review we hope to help you see if forexCT is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding forexCT that will help you get off to a good start in the world of online trading.

forexCT Review Table of Contents

forexCT what you should know

forexCT offer three ways to trade: Forex trading, Spread Betting, Share Dealing.

With forexCT you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with forexCT platform.

forexCT are able to accommodate various levels of traders whether you are experienced or a beginner.


Are forexCT safe?

When choosing a broker like forexCT the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years forexCT have a head office in Australia.

forexCT is regulated. This means forexCT are supervised by and is checked for conduct by the Australian Securities & Investments Commission (ASIC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to forexCT, this will be honored. If forexCT violate any regulatory rules their regulated status could be stripped.

Any payments funded to forexCT accounts by traders are held in a segregated bank account.

For added security forexCT use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with forexCT. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit forexCT

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker forexct XTB eToro Pepperstone
Year Established 2008 2002 2006 2010
Head Office Australia Poland Cyprus, UK Australia
Regulation Australian Securities & Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes No Yes
Guaranteed Stop Loss Yes No No
Learn More Visit forexCT Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

forexCT Pros and Cons

What we like about forexCT

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Australian Securities & Investments Commission (ASIC)
  • Min. deposit from $100

What we don't like about forexCT

forexCT Financial Regulation and Supervision in more detail

We have checked and forexCT is regulated and supervised by reputable organisations. You are able to check every forexCT supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with forexCT. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect forexCT traders and provide a safe trading environment.

  • Australian Securities & Investments Commission (ASIC)

forexCT is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as forexCT you should be sure they're legitimate online agent.

forexCT General Fees

  • forexCT withdrawal fees varies on payment method
  • forexCT does charge inactivity fees
  • forexCT does charge deposit fees
Broker forexct XTB eToro Pepperstone
Min Deposit 100 0 200 200
Withdrawl Fees varies varies Yes No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes No Yes

forexCT Commissions

  • forexCT does charge commission on CFD instruments.

What can you trade with forexCT?

You can trade a wide variety of instruments with forexCT over 109 instruments infact.

If you are looking at trading currency pairs forexCT offer over currency pairs.

Compare forexCT with XTB and eToro below.

Your capital is at risk

Broker forexct XTB eToro Pepperstone
Instruments Available 109 1,500 100 100
Platforms MT4,WEB MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit forexCT Visit XTB Visit eToro Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit forexCT Visit XTB Visit eToro Visit Pepperstone
Commodities Offered 0 21 0 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit forexCT Visit XTB Visit eToro Visit Pepperstone
Stocks Offered 1696 957 60
UK Shares Yes Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on forexCT web platforms and other applications

forexCT offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

forexCT also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See forexct's platforms

forexCT Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

forexCT Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try forexCT before I buy?

forexCT offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

forexCT withdrawl and funding methods.

forexCT offer the below funding payment methods. learn more about forexCT

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller
Broker forexct XTB eToro Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with forexCT?

When opening a trading account with forexCT, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on forexCT trading platforms here.

Performing trades with forexCT

forexCT allow you to execute a minimum of trade of varies. This may vary depending on the account you open. forexCT allow you to execute a maxium trade of varies. As forexCT offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

forexCT Leverage and forexCT CFDs Explained

let's take a look at some of the basics of using forexCT leverage.

forexCT offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

forexCT leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the forexCT trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The forexCT leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

forexCT CFDs are typically used for short to medium term trades. For example forexCT intraday trading.

Education resources at forexCT

To trade effectively with forexCT, it's important to get a have a good understanding of the forexCT trading tools and the markets.

forexCT offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with forexCT.

Take time to look around the forexCT platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at forexCT

forexCT support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

forexCT have a D grade support rating because because sometimes the response was slow or our query wasnt answered. forexCT less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at forexCT

We tested the forexCT live chat and it works well. We sent messages to forexCT livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with forexCT support in multiple languages in multiple countries. forexCT where able to resolve our customer issues.

Email Support at forexCT

We sent several emails to forexCT and answer times overall were excellent. The fastest response from forexCT was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with forexCT, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from forexCT.

Phone Support at forexCT

We called forexCT and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The forexCT phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual forexCT team by calling in varying languages. forexCT made an effort to make sure our queries were answered.

Overall the phone support from forexCT was okay.

See how forexCT Support Compares Against Other Brokers

Broker forexct XTB eToro Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, and Italian English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit forexCT Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with forexCT

As forexCT is regulated by Australian Securities & Investments Commission (ASIC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore forexCT's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with forexCT you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.forexct.com.au/ on 12th August 2018.

Is forexCT A Good Broker?

We spent over 3 months examining forexCT in depth. Although we found some very useful aspects of the forexCT platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative forexCT broker.

  • forexCT have a good track record of offering Forex trading, Spread Betting, Share Dealing.
  • forexCT has a history of over 13 years.
  • forexCT has a reasonable sized customer support of at least 10.
  • forexCT are regulated by Australian Securities & Investments Commission (ASIC). This means forexCT fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • forexCT have regulation from a Tier 1 reputable country.
  • forexCT has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • forexCT have an international presence in multiple countries. This includes local forexCT seminars and training.
  • forexCT are able to hire people from various locations in the world who can better communicate in your local language.

forexCT Risk Disclaimer

Your capital is at risk

forexCT not quite right?

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If you feel some of the above forexCT are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of forexCT alternatives below.

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FOREXCT Frequently Asked Questions

Can I try forexCT before I buy?

forexCT offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do forexCT accept?

forexCT offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is forexCT safe?

forexCT are considered safe as they are regulated by and checked for conduct by the Australian Securities & Investments Commission (ASIC). Any payments funded to forexCT accounts by traders are held in a segregated bank account. For added security forexCT use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is forexCT trading good?

forexCT is considered good and reputable to trade with. forexCTforexCT is used by over forexCT active traders. forexCT offers Forex trading trading, Spread Betting trading, and Share Dealing trading. Minimum deposit with forexCT is mindeposit.

Is forexCT trading Legit?

forexCT was founded in Australia in 2008. forexCT has been facilitating trade on the financial markets for over 12 years. forexCT offers clients Forex trading trading, Spread Betting trading, and Share Dealing trading. All funds deposited to forexCT are held in segregated tier 1 bank accounts for security. forexCT is regulated by Australian Securities & Investments Commission (ASIC) so can be considered legit.

Is forexCT a good broker?

forexCT is overseen by the top tier financial regulators Australian Securities & Investments Commission (ASIC) so can be considered a good broker.forexCT allows Forex trading trading, Spread Betting trading, and Share Dealing trading.

Is forexCT trustworthy broker?

forexCT can be considered trustworthy. All money funded to forexCT is placed into a segregated tier 1 bank account. this means your money in not held by forexCT directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also forexCT is regulated by Australian Securities & Investments Commission (ASIC).

What is the minimum deposit for forexCT?

The minimum deposit to trade with forexCT is 100.

How long do forexCT withdrawals take?

Withdrawing money from forexCT processing time varies but averages 2-5 days.

Is forexCT regulated?

forexCT is regulated by Australian Securities & Investments Commission (ASIC).

Is forexCT a market maker?

forexCT is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with forexCT?

When opening a trading account with forexCT, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on forexCT trading platforms here.

Is my money safe with forexCT?

forexCT is regulated by Australian Securities & Investments Commission (ASIC). One of the most important criteria for traders when choosing a broker like forexCT is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to forexCT, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is forexCT a con?

forexCT is regulated and well established having been in business for over 12 years. forexCT is definitely not a con.

Can you make money with forexCT?

Although traders have had great success with forexCT. Trading on the financial markets with forexCT is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does forexCT have fees?

forexCT withdrawal fees varies on payment method. forexCT does charge inactivity fees. forexCT does charge deposit fees.

When was forexCT founded?

forexCT was founded in 2008.

How many people use forexCT?

forexCT is used by over 10000 registered traders.

What is forexCT Headquarters country?

forexCT has its head quarters office in Australia.

Does forexCT offer negative balance protection?

forexCT does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does forexCT offer guaranteed stop loss?

forexCT does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does forexCT allow scalping?

forexCT offers scalping.

Does forexCT allow hedging?

forexCT does not offer hedging.

Does forexCT offer CFD trading?

forexCT offers CFD trading.

Does forexCT offer STP?

forexCT offers STP trading.

How many people use forexCT?

forexCT is used by over 10000 traders.

Is forexCT an ECN broker?

forexCT offers ECN trading.

Does forexCT offer a demo account?

forexCT offers a demo account.

Does forexCT offer an Islamic account?

forexCT offers a Islamic accounts.

What are the funding methods for forexCT?

forexCT accept the following funding methods : Credit cards, Skrill, Neteller, Bank Transfer.

forexCT review written by Andrew Blumer and Mark Hansen

We hope you found our review of the forexCT brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

forexCT review written by Mark Hansen of Comparebrokers.co