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||NADEX 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 Nadex 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. Nadex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Cryptocurrency, 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. Nadex is Market Maker, 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. Nadex is regulated by CFTC, 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. Nadex offers English, while Forexct offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Nadex offers ACH, Credit/Debit Cards, 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, Nadex makes Proprietary 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, Forexct is more reliable based on our criteria above.
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.