Compare forex brokers TradeStation VS Forexct

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

TRADESTATION 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.

TradeStation
TradeStation Overview

TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange. TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

# Broker's Features TRADESTATION 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 TradeStation 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. TradeStation offers Online Financial Trading and Investment Services Such as N/A, 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. TradeStation is 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. TradeStation is regulated by CFTC, FCA, NFA, SEC, 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. TradeStation offers USD, EUR, GBP, AUD, CAD, HKD, SGD, CHF, and JPY. 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. TradeStation offers Languages:English, while Forexct offers English Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. TradeStation 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, TradeStation makes Proprietary available to clients, while Forexct offers PROfit.

The Verdict: TradeStation 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, TradeStation is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. TradeStation broker is regulated in more major hubs. TradeStation 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.

What We Really Like on TradeStation

TradeStation Global has low trading fees. You will get access to many products and in many regions. It also has a fast and relevant customer support.

What We’d Like More on TradeStation

TradeStation Global deposit and withdrawal can be improved. It is not user-friendly and you can use only bank transfer. The account opening is complicated and there is a $1,000 minimum account balance. The available web trading platform is not advanced.

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.

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