ForexCT Review
ForexCT is a digital brokerage firm operating since the past many years. It was founded in 2006. Since the past 16 years it had been providing its services in Share Dealing trading, Spread Betting Trading and Forex Trading. The headquarters of ForexCT are located in Australia. The broker operates worldwide and is trusted by the traders all around the globe due to its exemplary services. Here is a detailed ForexCT review that will help you to know the distinctive features that make it a reliable broker.
- Regulation and Licensing
Being regulated by a reliable higher authority adds to the transparency of the broker. It sets a benchmark on the authenticity and fair services of the brokerage firm.
ForexCT is looked after by the reputable Australian Securities and Investments Commission (ASIC). The broker follows strict rules and guidelines as per the ASIC requirements. They keep the funds of the customers in segregated accounts. In addition to that, the broker has also deployed Secured Socket Layer (SSL) to all their servers in order to protect all the customer assets from cybercrimes and scams.
- Account Types
ForexCT provides only one type of account for trading to its customers in addition to the demo account. After opening an account, the broker assigns a manager to assist the owner of the account in the trading matters and also provide him the access to the trading tools and techniques. Moreover, the account holder is also made to learn advanced methods through the learning center and also given the access to learn the in-house trading techniques.
- Deposit and Withdrawal Methods
ForexCT offers multiple transaction methods to its customers depending on their ease. The broker allows its customers to carry out transactions through credit cards, debit cards, EFTs or Domestic Bank Transfer. The broker demands a minimum amount of $500 in a Real account.
Moreover, for the international customers, the transactions could be held through International Telegraphic Transfer or Bpay. All these methods require no initial charges.
- Fees, Spreads and Commission
When a trade happens, the broker charges a certain amount of money for carrying out the process on the trader’s behalf, called as commission. ForexCT however does not charge any commission from its customers.
ForexCT have fixed spreads that do not vary with changing market conditions. This helps the clients to trade effectively and to keep the trading costs under control even if market prices hike.
- Customer Support
Checking upon the broker’s customer support service before choosing a broker for trade should be one’s priority. An effective customer support service will help the clients to trade feasibly and resolve their problems in time.
ForexCT provides a remarkable customer service to their traders. The team of the firm is available 2 hours a day throughout 7 days of week. The firm is integrated with the Chinese, Australian and international firms to provide help to the residents of those countries too.
The customers can contact the firm via phone calls or email. However, they do not support live chat option.
- Trading Risks Awareness
One should be aware when dealing with forex and cryptocurrency that there always exist a greater threat of losing the assets. One should never assume that investing in cryptocurrency and foreign currency trade will lead him to profit only. The techniques and tools used in trading assets increase the risk of potential loss too. The broker always trains the customers to be ready to face all sort of consequences in the matter of trade.
Conclusion
Being an online financial platform, ForexCT is providing its services since the past many years. It has made its place in the international market through its advanced tools and techniques and excellent customer service accessible to everyone around the globe.
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