Founded in 2006, Forex Capital Trading Ltd has earned recognition from traders and has become one of the largest brokers in the financial market. Clients highly appreciated the provided working conditions, namely zero slippage and support from experts in the foreign exchange market. The company tries to pay attention not only to trading, but also relies on professional training so that traders can acquire basic knowledge and work it out in practice.
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.
The assets of the company's clients are reliably protected. Client funds are held in segregated accounts controlled by some of the most reputable banking institutions in the world - HSBC Hong Kong and DBS Singapore Bank. In addition, special attention is paid to the safety of personal data. Given the highest degree of control by the broker and the largest banks, traders' money is safe.
Accounts and currencies
Clients have access to only one type of account - standard, and it is impossible to register several trading accounts at once. The broker also provides the opportunity to open a demo account. Account currency USD.
The deposit starts from $ 500. It's worth noting that this is a pretty high entrance threshold.
Spreads and commissions
Spreads start at 2 pips. There are no commissions.
Leverage from 1: 200 to 1: 400.
ForexCT offers a choice of two trading platforms: the standard MetaTrader 4 trading terminal and its own PROfit.
MT4 needs no introduction - it is an excellent platform, recognized as the best by most traders in the world. Versions available for PC, iPhone, iPad and Android. The PROfit platform is also available in all forms and is equipped with all the necessary trading tools. In addition, using this platform, customers can withdraw funds immediately from it. ForexCT clients can also access the Traror Mirror Trader web platform, which allows them to study the trading strategies of leading Forex and CFD traders from around the world and automatically copy trades.
The broker pays special attention to the process of acquiring new knowledge. The following educational programs are available to clients:
Electronic textbooks. Each registered client receives a free set of training materials on the basics of the Forex market, strategies, terminology and a lot of other useful information for beginners. Video tutorials and webinars that will be useful for both beginners and professional traders. Complete training courses. Financial market analysis and correct search for optimal strategies. Large section of Analytics. News, reviews and technical analysis. Daily forecasts and economic calendar. Every day, experts monitor events that directly affect the financial market. Clients receive the latest news, forecasts, recommendations by email every day.
You can get all training materials and access to analytics for free, you just need to open a standard trading account.
ForexCT is committed to the highest level of customer service. The customer service includes both personal managers and support operators who are ready to answer any of your questions 24/7. You can contact the support service by phone or e-mail indicated on the broker's page. Pay attention to the language of communication - English.
Reviews of traders
In the Russian-speaking segment of the market, the broker is practically unknown, but if you focus on the comments of foreign traders, then the overall impression of the company's work is not very pleasant. Despite the presence of a license and a high guarantee of the safety of funds, there is a huge number of negative reviews in recent years. One trading account and minimal development for the entire operation only confirm this. Traders complain about the impossibility of withdrawing profits, about sagging, an increase in the spread. Separately, it is worth noting the aggressive methods of imposing services by personal managers.
have a license; the oldest market participant; security of funds storage in accounts.
a large number of negative reviews; low execution speed; high minimum deposit; communication only in English.
No one has commented on this broker yet
FOREXCAPITAL_TRADING is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker FOREXCAPITAL_TRADING makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. FOREXCAPITAL_TRADING received a score of 1 of 5 on our resource.