Forex Capital Trading Reseña

On-line since: 2013
Country of origin: Australia
Regulation: Australian Securities and Investments Commission
Payment options: Forex Capital Trading offers its clients the following deposit methods: Visa, Mastercard, and international wire transfer. If you use the platform of the broker, you can deposit and withdraw funds directly from it.
Minimum account size: $500
Minimum lot size: 0,01 lot
Leverage: up to 1:400
Spreads: fixed from 2 pips

About the company:

Founded in 2006, Forex Capital Trading Ltd has gained trust among traders and become one of the largest brokerage firms in the financial market. Clients give a high assessment of the provided trading conditions, namely zero slippage and support from currency market experts. Apart from trading, the company pays attention to the professional training of the traders so that they can obtain basic knowledge and apply it.

Products and services

Forex Capital Trading offers its clients to trade 33 currency pairs, precious metals, including gold and silver, 17 commodities, and 12 CFDs on major indices.

Security of assets

The clients' funds are well-protected. They are held in segregated accounts controlled by HSBC Hong Kong and DBS Singapore Bank, one of the most reputable banking organizations in the world. What is more, the broker takes responsibility for the safety of personal data. So, it is fair to say that the client’s money is well-secured thanks to the highest level of control provided by Forex Capital Trading and by the largest banks.

Accounts and currencies

Only the standard type of account is available. Additionally, traders are not allowed to register several accounts at once. The broker also provides an opportunity to open a demo account. The account currency is USD.

Minimum deposit

The minimum deposit starts at $500. Notably, this is a pretty high entry threshold.

Spreads and commissions

Spreads start at 2 pips. There are no commissions.

Leverage

Leverage starts from 1: 200 to 1: 400.

Trading platforms

ForexCT offers two trading platforms: the standard MetaTrader 4 trading platform and its own platform – PROfit.

MT4 needs no introduction. This popular trading platform recognized as the best one by many traders in the world. You can download MT4 on PC, iPhone, iPad, and Android. The PROfit platform is also available in different versions and equipped with all the necessary trading tools. If the clients use the broker's platform, they can withdraw funds directly from it. ForexCT clients can also have access to the Traror Mirror Trader web platform which enables them to study the trading strategies of leading Forex and CFD traders from all over the world and automatically copy their deals.

Training

The broker pays special attention to the traders' training. The broker offers the following training courses:

• E-textbook. Each registered client receives a free set of training materials on the Forex market, strategies, terminology, and other useful information for beginners.
• Video tutorials and webinars that will be useful for both beginners and professional traders.
• Advanced training courses. The analysis of the financial market and tips on how to find proper trading strategies.
• A large analytic section where the news, reviews and technical analysis are presented.
• Daily forecasts and an economic calendar. Every day, experts monitor events that have an impact on the financial market. So, clients receive up-to-date news, forecasts, and guidelines.

You can get all the training materials and access to analytics for free provided that you open a standard trading account with the broker.

Customer support

ForexCT strives to a high level of customer service. Customer service includes both personal managers and customer support operators who are ready to answer any of your questions around the clock. You can contact the support service by phone or e-mail specified on the broker's web page. The language of communication is English.

Feedback

The comments from foreign traders about the company, however, are rarely positive. Despite the license and a high guarantee of security of funds, there has been a huge number of negative reviews in recent years. One trading account and and almost no development over the entire period of service can be the proof of those negative comments. Traders complain about the difficulty withdrawing funds, sagging, and increasing the spread. What is more, traders mention aggressive methods of offering services by personal managers.

Pros:

• license;
• long operating history;
• high level of the security of funds.

Cons:

• a large number of negative reviews;
• low execution speed;
• high minimum deposit;