Based in Australia and spawned out of the perceived discrepancies between client needs and services offered, ForexCT is a market maker backed by an experienced team of bankers, brokers and venture capitalists.
Spotting a niche in the market, ForexCT has developed a professional level platform that caters to the needs of the novice trader. Replicating the same FX experience for its clients is a strategy that has seen ForexCT attract private investors from across the world.
ForexCT.com’s Special FX:
Everyone loves free money, especially if that money can be used to speculate on the currency exchange market and make even more. At ForexCT there’s up to $5,000 on offer for all new traders based on their initial deposit. For example, if a trader deposited $1,000 then ForexCT would give them a percentage of that amount, such as 30% ($300), as free trading money.
Beyond the allure of extra money, ForexCT provides a comprehensive educational service in the form of articles and webinars. By far the most valuable of these resources is the webinars as they include demonstrations and advice from highly skilled professionals.
Indeed, aspiring traders will be able to listen as ForexCT’s heads of research runs through the latest trends in the market and offers an informed opinion on their likely implications. Moreover, a question and answer session during each webinar offers a level of interactivity that few online brokers can match.
Joining ForexCT is free of charge and there is no obligation to trade but for those who want sample the delights of the FX world then there is a fully stocked demo account available. Complete with $100,000 in virtual credits, this option gives users a live link to the FX market without any of the financial risk.
Beyond the ForexCT’s practice account, three real money options are available:
Beginner Account: As the name suggest this account is designed for novice traders and comes complete with minimum deposit threshold of $500. For this a user will be exposed to spreads of 4 pips on contract sizes starting from 2,500 units of the base currency. One top of this a leverage ratio of 1:200 is available.
Professional Account: Similarly obvious in its target market, this account is available for traders who are willing to invest $5,000 or more. Complete with a leverage ratio of 1:400 and contract sizes from 100,000 units of the base currency, holders of this account will also receive spreads from 3 pips.
VIP Account: Usually reserved for corporate clients, this account requires an investment of at least $100,000 and for that traders will be able to negotiate their own conditions.