ForexCT is an Australian fixed spread broker that offers Forex and CFDs for trading over the internet. With a minimum deposit of $500, a maximum leverage of 1:400 and dealing spreads starting at 2 pips.
Osprey FX is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile and Web trading platforms. Regarding orders execution model, Osprey FX is an a-book broker. Osprey FX offers trading of currencies, indices, CFDs, shares, cryptocurrencies and commodities. Osprey FX is not a licensed broker as it is located in an offshore location where brokers are not regulated. These locations have become notorious for harboring scammers and con artists.
|#||Broker's Features||FOREXCT Availability||OSPREY FX Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||❌||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare ForexCT vs Osprey Fx.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. ForexCT offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures, while Osprey Fx offers .
Broker Type: Many types of brokers can be found in the most dynamic market in the world. ForexCT is Market Maker, while Osprey Fx is .
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. ForexCT is regulated by ASIC, while Osprey Fx regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Languages Available: Next lets have a look at each broker's different Language options. ForexCT offers English, while Osprey Fx offers Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. ForexCT offers Credit/Debit Cards, Bank Wire Transfer different payment methods for each account types, while Osprey Fx offers Credit/Debit Cards, bitcoins, bank wire payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, ForexCT makes PROfit available to clients, while Osprey Fx offers MT4.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, ForexCT is more reliable based on our criteria above. Only ForexCT offers demo account, allowing you to test their platform to see which is suitable for you. ForexCT has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. ForexCT has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, ForexCT may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.