menu
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.
Asset security
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.
Minimum deposit
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
Leverage from 1: 200 to 1: 400.
Trading platforms
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.
Training
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.
Support service
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.
Pros:
have a license; the oldest market participant; security of funds storage in accounts.
Minuses:
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 company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
FOREXCAPITAL_TRADING profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: 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 actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of 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 – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. 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 brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
.Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker or crypto exchnage.
In order to leave a review about the company, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.
Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies 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 company you chose. FOREXCAPITAL_TRADING received a score of 1 of 5 on our resource.