ForexCT | Review | CFD Trading Platform

ForexCT | Review | CFD Trading Platform

ForexCT | Review | CFD Trading Platform Review

Our Review

Forex CT Review

Our Overview

What is Forex CT?

10 points summary

How Protected are you with Forex CT?

Awards

Is Forex CT a Scam or Safe?

Account

Trading Instruments

Trading Platforms

Trading Fees

Deposit and Withdrawal Options

Education

Customer Support

Conclusion

 

 

What is Forex CT?

Contrary to popular opinion, trading may seem like everyone's piece of cake, but it is not. It requires extensive knowledge and involves a lot of risks that are not for the faint-hearted. It is an escape from their tedious 9–5 jobs for some people, but then again, the amount of risk involved is high. 

Forex CT is really popular among Australian traders because of the wide variety of instruments and the luxurious quality of service. In the past decade, they have managed to build a trustworthy reputation in the market. A respectable regulatory authority, ASIC, regulates it. 

 

Pros

Cons

Strictly regulated by ASIC. 

No 24/7 support. 

Variety of trading instruments. 

 

 

 

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 Support

24/5

How Protected Are You with Forex CT?

What is the most important thing a broker must offer to its trader? Protection. If your broker cannot provide you and your funds maximum protection, the broker is not worth it. Whether you are new to the trading world or have been in it for years, it is necessary to research the protection policies offered. 

In the case of Forex CT, they are regulated by the Australian Securities and Investments Commission, which means they have to abide by all the laws set by ASIC. Violation of any law is strictly prohibited and may result in charges. 

The famous brokerage firm also claims to keep all the funds in a segregated bank account in top tier-1 banks. 

Therefore, Forex CT has excellent protection policies and can be trusted. 

 

Pros

Cons

Funds are kept in separate bank accounts. 

None. 

Under the observation of ASIC. 

 

 

 


 

Awards: 

Many people are of the thought that reviews are biased, which may or may not be valid. However, we assure you this one is not biased at all. The point is, many question the credibility of reviews, but no one ever points fingers at awards. An award represents the quality of service offered by a company, more like a token of appreciation. 

Forex CT has not won any awards so far. 

Is Forex CT a scam or safe?

Are you scared of being scammed? If yes, what necessary pre-cautions have you taken to protect yourself? Scammers are out on the large nowadays and primarily target potential and beginner traders; it is important to conduct proper research and ask around about the broker from fellow traders before investing your hard-earned money. 

In the case of Forex CT, it is under the observation of Australian Securities and Investment commissions. Therefore, any chance of this broker being a scam goes down the drain as it has to follow the rules set by the regulatory entity. 

 

Account:

Unlike other brokers, Forex CT only offers one account type — the Real Account. However, it has been kind enough to provide a demo account with it. 

REAL ACCOUNT: This type of account requires a minimum deposit of $500 and offers a trade size of 0.01. The maximum leverage is 1:400, and fixed spreads are available. No exceptional features are offered.

DEMO ACCOUNT: A demo account is a chance for potential traders to practice and gain experience in the trading world without any fear of losing money. It is a wonderful opportunity for everyone who wishes to unfold the mysteries of trading. 

ISLAMIC ACCOUNT: Any Islamic account is offered specially for Muslim traders who follow the Shariah Law. Unfortunately, Forex CT does not cater to Muslim traders; hence an Islamic account is not available. 

 

 

Pros

Cons

Demo account offered.  

Only one account type available. 

   

 

 


 

Trading Instruments:

Forex CT offers a wide variety of options to trade from, such as:

Cryptocurrencies.

Forex.

CFDs.

Commodities.

Indices. 

 

Pros

Cons

Large variety of options. 

None. 

Five different cryptocurrencies available. 

 

 

 


 

 

Trading Platforms:

A trading platform is software that allows traders to proceed with their trading suitably and beneficially. Therefore, it is the responsibility of a broker to select an appropriate platform. 

Forex CT provides the proprietary PROfit platform that offers a wide array of powerful features and a user interface that is easy to use. 

With the PROfit platforms, there is no need for external downloads. It offers various trading instruments such as Forex and CFDs with one-click trading support. 

A mobile application of the PROfit platform is also available to make trading on the go easy and comfortable.

Moreover, the Mirror Trading platform is also available that mirrors the top and leading traders' strategies so you can learn from them. 

Pros

Cons

Proprietary platform. 

None. 

Mirror trading platform also available. 

 



 

Trading Fees: 

The trading fee is in the form of spreads as Forex CT does not charge any commission. The spreads are fixed and do not vary according to the market situation. 

Additionally, no deposit or withdrawal fee is charged by this broker. 


 

Pros

Cons

No commission charged.

None. 

Fixed spreads.

 

No deposit or withdrawal fee. 

 

 

 


 


 

Deposit & Withdrawal Options:

Once you have created an account, the next step is to deposit the required amount of money. Now the question is, how to deposit funds into the account? 

Forex CT offers a range of deposit methods which makes the entire process hassle-free. The minimum amount is $500 and can be deposited by the following methods: 

Bank Transfer.

Debit/Credit Card.

Bpay

International Telegraphic Transfer. 

All deposits are free of charge. 

For withdrawals, users are requested to use the PROfit platform. The same methods are used as deposits, and similarly, all withdrawals are free of charge. The withdrawal must be made from the same method with which a deposit was made. 

Education:

Whether you are a new or experienced trader, educational resources can prove to be beneficial for both. To excel at trading, one must unfold the patterns and must have sufficient knowledge. Sure, experience is a great teacher, but knowledge is important too. Therefore, every trader must strive for knowledge and benefit from all the educational resources their broker offers. 

Forex CT provides various educational resources in the form of eBooks, trading courses, and webinars. 

The eBook covers various topics such as forex basics, necessary trading rules, introduction to platforms, and much more. In contrast, the trading courses include risk management, fundamentals of forex, fundamental and technical analysis, etc. 

 

Customer Support:

A customer support service serves as a way of developing a solid relationship with the trader. Naturally, everyone wants to work with someone who cares about them and assists them in their problems. 

Forex CT cares about its traders and strives to provide remarkable customer support service. The team works passionately to solve all the technical issues that traders face and can be contacted via email or phone call. The only downside to the customer support service offered by Forex CT is that no option of live chat is available. 

The team is available five days a week. 

 

Pros

Cons

Rapid response.

No live chat available. 

Email and phone support available. 

 

 

 

 

 

Conclusion:

Forex CT has been operating for the past decade. Since its establishment, it has managed to put forward a reputation that is respected by the traders and fellow brokers in the market. The team works passionately and dedicatedly to deliver an unforgettable experience to the traders.

It provides excellent customer support service and remarkable trading platforms with a simple user interface. The demo account is valuable for new traders. 

A well-known authority regulates it, and proper protection policies are offered to the clients. Additionally, a smooth and safe trading environment is given to the traders.

The only downside to this broker is that the minimum deposit amount is very high, and only one account type is offered, which is compensated by other features that it offers. Besides that, it is a safe choice. 

 

 

Frequently Asked Questions (FAQs)

Is Forex CT regulated?

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

How much is the minimum deposit amount?

The minimum deposit amount set by Forex CT is $500. 

Is there any deposit or withdrawal fee?

No, Forex CT does not charge any deposit or withdrawal fee. 

Is there an option of a demo account?

Yes, Forex CT offers a demo account.

What platforms are available at Forex CT? 

Forex CT offers the WebPROfit, MobilePROfit, and Mirror Trader platforms. 

 

ForexCT | Review | CFD Trading Platform

ForexCT | Review | CFD Trading Platform Licenses:

 Forex Capital Trading Pty Ltd. is regulated by the Australian Securities and Investments Commission under registration number AFSL 306400, ABN 69119086270

Leverage:
1:400

Regulation:
Australian Securities and Investments Commission (ASIC)

Min. Deposit:
500$

HQ:
Aus

Platforms:
WebPROfit, MobilePROfit, Mirror Trader.

Found in
2006

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