ForexCT is an Australian based broker, founded back in 2006. Since the past many years, it has grown as a trustworthy forex broker and has made its place in the online financial market. The headquarters of ForexCT are located in Melbourne, Victoria. Forex brokers are usually known for mediating the trade of foreign currencies. Here is a detailed ForexCT review that explains the reasons that make it a trusted and reliable broker in the forex market. Some of the remarkable features of the broker are given below.
Is ForexCT a Scam?
No, ForexCT is a secured broker that provides a safe trading platform to its customers. It is regulated by reputable higher authorities and follows their strict guidelines and rules. The firm maintains the trading services according to the regulations of Australian Client Money Rules. Moreover, the firm is regulated by the Australian Securities and Investments Commission (ASIC). The broker ensures the segregation of the customers’ funds and safety of the credentials of the customers. In case of any illicit activity, strict actions are taken by the higher authorities and accountability is ensured.
- Trading Platforms
A trading platform provides the facility to the traders to trade anywhere and anytime around the world. Through these softwares, one can trade via his electronic devices.
ForexCT unlike many other brokers, does not provide any Meta Trader option for trading online. However, it offers the PROfit platform which has also made trade easier. Through PROfit, trade could be carried out via just one click thus making the trade procedure fast and efficient. This platform also provides the market updates and the price fluctuations in the market assisting the traders to keep the rates under control.
Bonuses are offered by the brokers to attract customers towards their firm. Many brokers offer sign-up bonuses, deposit bonuses or forex bonuses to lure the customers.
ForexCT in the beginning years had offered deposit bonuses to its customers to draw more customers. However, the broker is not offering any such types of incentives to the clients.
Leveraged products increase the exposure of the trader in the market, increasing the profit ratio with respect to the real investment of the trader. But on the same time leverage also increases the risk of loss. Due to the risk factors involved, many European countries does not allow leveraged products.
ForexCT, under the supervision of ASIC, offers high leverage to its customers that can be afforded only by the experienced traders. The leverage ratio varies between 1:200 to 1:400 for beginners and professionals respectively.
- Trading Instruments and Tools
ForexCT provides the opportunity to trade multiple products, currencies, CFDs, indices, metals and commodities. It offers the trade to its clients in more than 50 currencies. Forex trading is gaining momentum these days where the traders exchange different currencies at the market rates.
To trade technical and analytically, one should have a sound understanding of the techniques and tools used in the procedure. Forex trading involves the exchange of multiple currencies using advanced tools that could be difficult to handle.
ForexCT provides the opportunity to the traders to learn about the trading tools and access to the insider area after opening the real account. It provides many facilities such as economic calendars and charting tools to its customers. The economic calendar is deployed in the PROfit software integrated with the broker.
- Educational Resources
To gain maximum profit through the investment, one should know the techniques and logics involved in the trading process. For this purpose, ForexCT trains and educates the new customers through the educational material available on their website. This may include seminars, webinars, e-book and recorded courses accessible to everyone.
ForexCT is an esteemed broker firm successfully operating globally and assisting the traders in forex trading. The broker is strictly regulated by the ASIC and ensures the safety of the customer funds. Using the advanced instruments, the firm is constantly growing in the international market.