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.
|#||Broker's Features||GULF BROKERS DMCC Availability||FOREXCT 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 Gulf Brokers DMCC vs Forexct.
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. Gulf Brokers DMCC offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Stocks, Futures, Options, while Forexct offers Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Gulf Brokers DMCC is Dealing Desk, DMA, while Forexct is Market Maker.
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. Gulf Brokers DMCC is regulated by ESCA, while Forexct regulated by ASIC. 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. Gulf Brokers DMCC offers Arabic, English, while Forexct offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Gulf Brokers DMCC offers Bank Wire Transfer different payment methods for each account types, while Forexct offers Credit/Debit Cards, Bank Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Gulf Brokers DMCC makes MT5 available to clients, while Forexct offers PROfit.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Gulf Brokers DMCC is more reliable based on our criteria above. Gulf Brokers DMCC has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Only Gulf Brokers DMCC Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. Gulf Brokers DMCC offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. 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. Gulf Brokers DMCC has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Gulf Brokers DMCC 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.