Forex Capital Trading Broker Review

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Forex capital Trading also known as ForexCT is an Australian owned broker which was founded by an experienced mix of bankers, venture capitalists, Internet experts and Forex specialists. They are regulated by ASIC that enforces the laws and regulations governing Foreign Exchange trading in Australia. They also hold an Australian Financial Services License (License No. 306400).

As Quoted on the ForexCT website: “The Australian regulatory framework is widely regarded as the most stringent and best in the world for investor protection. If for some reason, a dispute arises, we will try to resolve the dispute internally in a fair and swift manner”...and they do a good job of that!

The main goal of this company is to fill the gap between the current prevalent discrepancies between clients’ needs and the services offered by most companies. They thrive to provide their customers with outstanding customer service and an online trading experience which is well above the rest.

Ok, let’s look at some of the benefits you will be exposed to once you become a customer of Forex Capital Trading:

• 24/7 Forex support
• Free Trading Tutorials for all members
• Daily forex reports
• Spreads from 2 pips
• Instant online deposit
• Sms news alert and real time quotes via mobile
• Minimum account opening $100
• Web-based platform, no download required on your part
• Zero slippage
• No swap interest
• Selection of 4 different accounts ranging from MINI to VIP accounts
• Bonus provided on account opening(I am not sure if this is still currently running but it does not hurt to ask)

These are some of the features provided by ForexCT once you become one of their clients. They do seem attractive in hind sight, however before making any final decisions let’s look at the possible drawbacks you may encounter.

These are the common issues faced by their customers:

• No MT4 support
• Poor platform which freezers quite often
• Deposit issues, where some customers were over charged
• Withdrawals may sometimes take weeks to months
• Some customers complain about withdrawal disappearing in system.

Well there are mix emotions about this broker with some very positive reviews and features along with some very negative ones. This point just confirms that there will always be satisfied and unsatisfied customers in this and any other business.

My view of this broker, taking into consideration that they are fully regulated and adhere to all the laws and regulations, is that they are legitimate.I would recommend opening a MINI account as a test before going any further with this broker.

Happy trading, Ash Naeck

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