Compare forex brokers SquaredDirect VS Forexct

If you're choosing between SquaredDirect and Forexct forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is SquaredDirect better than Forexct? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

SQUAREDDIRECT VS FOREXCT

ForexCT
ForexCT Overview

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.

SquaredDirect
SquaredDirect Overview

SquaredDirect is a True DMA/STP Brokerage Firm acting strictly as an intermediary between clients and top-tier Liquidity Providers such as Internationally reputable banks and other globally acclaimed financial institutions providing investment services and solutions to retail clients.

# Broker's Features SQUAREDDIRECT Availability FOREXCT Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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 SquaredDirect 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. SquaredDirect offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, 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. SquaredDirect is ECN, 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. SquaredDirect is regulated by CySEC, 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.

Account currencies: Next lets consider the Account currencies each broker offers. SquaredDirect offers EUR, USD different account currencies for each account types, while Forexct offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. SquaredDirect offers English, while Forexct offers English Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. SquaredDirect offers Credit/Debit Cards, Debit cards, Neteller, Skrill, 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, SquaredDirect makes MT4 available to clients, while Forexct offers PROfit.

The Verdict: SquaredDirect or Forexct?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, SquaredDirect is more reliable based on our criteria above. Only SquaredDirect 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. SquaredDirect offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. SquaredDirect offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged.

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.

Are you Satisfied with what They Offer?