Fortrade Broker Reviews and Full Information

What exactly is Fortrade?

Fortrade was founded in UK at the beginning of 2013 to be a provider of trading offering products and services in trading foreign currency online as well as CFD trade. Additionally, during its growth, Fortrade opened its branches in Australian and Belarus and recently expanded further and opened branch offices that are located in Cyprus as well as Canada.

The main goal of the company has been to make trading on the internet easier, enjoyable, and profitable. It also proves its global presence, as well as its significant is the strict regulation. Therefore, Fortrade opening tight and competitive spreads which vary based on the instrument used for trading and begin with a minimum of 4 pips in forex. They offer a range of leverage ratios and numerous promotions.

Making the right choice is usually a complicated, so the broker attempts to make the process easier by introducing technology that offers an efficient platform at the beginning, but also includes the most powerful tools for traders with experience.

Pros and Cons of Fortrade

Fortrade offers easy opening of accounts and is a regulated by licensed brokers that are respected, such as FCA and ASIC and the Education section of the site is very well designed. research and platforms are on the right track, as are the costs are reasonable.

To address the negative aspects for the negative points, there isn't 24/7 assistance, and the conditions vary in every entity, and spreads could be excessive for certain instruments.

Fortrade Website

10 Points Summary

Headquarters UK
Regulation FCA, ASIC, IIROC, CySeC, NBRB
Platforms Fortrader Platform, MT4
Instruments 200 currency pairs, including Cryptocurrencies such as Bitcoin index stock and precious metals, energy and commodity CFDs
Demo Account Available
Minimum deposit 100$
Spread EUR/USD 2 pip
Base currencies Various Account base currencies
Education Education for free with webinars, videos, and courses
Customer Support 24/5

 

Is Fortrade an authentic and safe investment or a scam?

Absolutely, Fortrade is considered to be a safe brokerage because of its regulatory framework and top-of-the-line FCA looking at a low risk brokerage for Forex.

Is Fortrade legit?

For Fortrade, in Fortrade, it's a legal entity and regulated by a variety of authorities in respected areas such as those of the Financial Conduct Authority (UK) and ASIC (Australia). These two authorities are both of the most important world institutions that oversee financial services businesses with the aim of ensure the safety of consumers, market competition and protect financial markets.

Additionally, Fortrade enlarges its trading plan and has further expanded through the creation of official companies within Belarus, Canada and Cyprus. Most importantly, Fortrade is fully licensed and monitored regarding its security and operations.

How can you be protected?

As per these licenses Fortrade is in full compliance with many restrictions and guidelines in order to offer a secure platform for transactions of all kinds and ensuring that client funds are kept separated from their accounts, and in the unlikely scenario, protected by security the various schemes.

Fortrade entity Regulation and Licence
Fortrade Limited Autorized through FCA (UK) Registration number. 609970
Fort Securities Australia PTY. LTD Autorized through ASIC (Australia) Registration ABN 33 614 683 83 | ASIC (Australia) registration #: 493520
Fort Securities LLC Autorized through the National Bank of the Republic of Belarus (NBRB) registration FRN: 193075810.
Fortrade Canada Limited Approved to be authorized by IIROC (Canada)
Fortrade Cyprus Ltd Autorized through CySEC (Cyprus) Registration number. 385/20

Fortrade license

Leverage

Leverage , or a loan provided through the broker the trader allows you to trade on greater amounts than the capital initially invested. In fact, leverage enhances the chance of more profits, however in the reverse, it can increase the risk. Thus leverage can be risky if you have set it incorrectly or set it too high.

Fortrade leverage ratios that are compliant with the legal requirements in each country where it operatesin, so be sure you check the leverage requirements as per the Fortrade entity and your home.

  • Recent regulatory changes in Europe as well as the ESMA regime have set an upper limit on leverage with the maximum being 30 for the major currency pairs, x10 in the case of commodities as well as 5 for CFD stocks, and x2 for Cryptocurrencies to serve to protect retail customers. The leverage is utilized by FCA and CySEC regulatory entities.
  • The Australian ASIC is the authority in Australia. ASIC permits leverage ratios of up to 1:400 in Forex instruments. This allows an Australian client to make use of the highest leverage when trading.
  • Belarus regulation sets leverage at 1:100 for Forex
  • Canada traders can utilize 1:50 as a maximum for Forex instruments, and lower levels of 1:40, 1:30and 1:10, and 1:20 as per the specifications for the instrument.

 

Types of accounts

Fortrade principally relies on the concept of a single account but the features and conditions could differ depending on the size of trading and deposits. First, a customer will login to the demo or practice mode account, which offers real-time trading, and also the chance to explore all the options of the platform for the nominal amount of $10,000. Once you're in a position to change to real-time trading you will be able to easily switch on the real account and there is no choice between the various accounts.

How do I open a new account for Fortrade? Fortrade

Fortrade account opening

 

Fees

Fortrade provides a fast execution process with no middleman to facilitate the process. Consequently, the orders are executed in real time without commissions or charges and all costs are built into the spread. For a complete price, however you should check out the fees for funding for inactivity and inactivity fees as well as fees that are not related to trading.

 
Fees Fees for trading AvaTrade Fees eToro Fees
Deposit Fee No No No
Fee for Withdrawal No No Yes
Inactivity Fee Yes Yes Yes
Fee position Low Average High

Spreads

Fortrade offers only one spread that is variable which means there's no confusion regarding fees. The majority of fees are enjoyable, however, for Commodities charges could be lower in comparison to other competitors. But, you must always take a look at all trading proposals overall, since it is there are many factors that define the quality of a broker.

Comparison of the some of the most traded instruments you could find below, and to find out more, compare fees to other brokers ATC Brokers.

 
Asset/ Pair Fortrade Spread AvaTrade Spread Spread of eToro
EUR USD Spread 2 Pips 1.3 Pips 3 pip
Crude Oil WTI Spread 4 pip 3 pip 5 pip
Gold Spread 45 40 45

Fortrade spread

Other charges

Always think about the rollover or overnight fee to be paid when you keep an open position for longer than one day. If you are a trader who is following Sharia laws could be eligible for an Islamic as well as Swap-free Accounts through Fortrade.

Fortrade rollover

Instruments

The broad range of trading assets is accessible to more than 200 currency pairs , including cryptocurrencies such as Bitcoin that have minors and majors and exotic pairings such as index, stocks energy, precious metals as well as commodity CFDs. Additionally, there are Agriculture CFDs that come that are free of commissions and have a plethora of leverage.

Fortrade products

 

Deposits and withdrawals

All transactions, manipulations of money, and requests are handled via your online account which allows you to view fees, reports on deposits or withdraw funds in accordance with the rules of the regulator.

Deposit Options

Fortrade provides a variety of methods to transfer or deposit funds from or to the trading account and supports several options such as all major debit and credit cards, bank transfers, Neteller, Skrill and PayPal.

How much is the minimal amount of deposit to open a Fortrade account?

The minimum deposit for Fortrade is 100$. However For the best performance, broker suggests depositing at minimum 500dollars to be able to trade several instruments and pay all the necessary charges. Additionally, this amount may be different depending on your account's base currency as well as the rules in the jurisdiction where you reside.

Minimum deposit for Fortrade in comparison to other brokers

  Fortrade The majority of other brokers
Minimum Deposit $100 $500

Withdrawal

Fortrade doesn't charge any additional fees for withdrawals or depositsthat are subject to regulations and laws within a specific region. The withdrawal options are plentiful such as Bank transfers, Credit cards and a few e-wallets such as Neteller.

Fortrade payment methods

 

Trading Platforms

In the age that is online, a reliable market access is essential that allows you to trade 24 hours a day anywhere, and with sophisticated tools that improve the capabilities of trading and analysis. To address this need Fortrade Fortrade group of programmers created a range of highly-scalable trading platforms which allow monitoring of the global financial markets and derivatives, and capitalize on price fluctuations at the moment and in the most convenient location.

Pros Cons
Software that is user-friendly None
The FORTRADER software is available for purchase and MT4 is a FORTRADER  
Versions that are suitable for Web mobile, desktop and trading  
Fee Report  
Multilingual support  

Web Platform

The platform is proprietary and comes in three different versions Fortrader Web, Fortrader Desktop and Fortrader Mobile that gives the ability to trade at any time and any place whether on the move via a browser, or an installed versions. The entire process is executed using the powerful execution model using interbank quotes.

Desktop platform

The company provides the the renowned MetaTrader4 it is accessible in a variety of different variations for the desktop mobile, and web as. It is a platform that has the most prominent oscillators, indicators EA strategies, and an automated desktop stations that are provides a variety of alternatives for a smart investment and trading.

Fortrade platform

Mobile Platform

Mobile app that works with Android and iOS devices is included in the package too. You can keep up-to-date with market conditions, and manage your account and positions from your mobile.

 

Customer Support

Fortrade international offer also includes their customers' support by providing 24/7 customer service on working days accessible in multiple languages via its international companies. Customer support is available via email, live chat Contact form, or international phone lines available to assist via their service center.

 

Education

If you want to succeed when trading, it is essential to take the time to invest in your education in order to research available sources and develop custom trading strategies. Fortrade will fully support that effort by providing an extensive set of educational tools that have created the most reliable information together with features for trading.

There are a variety of seminars, research information and analysis, as well as Trading Central option is at the toolbar for the client, and efficiently organized through Fortrade Academy. Tools for research are also on a great quality and are either integrated into the platforms, or available on the client's resource page.

Fortrade academy

 

Conclusion

The Fortrade review reveals a simple trading platform created to make trading online simple, swift and easy. The positives are that it requires a an affordable deposit for beginning trading as well as well-crafted educational programs , and up to the minute market data can be a useful tool for anyone who is novice to trading, and professionals will find a variety of solutions for their trading needs. What's more, Fortrade provides a secure, safe licensed and regulated trading environment according to their respected authorities FCA, ASIC and many more.

Summary
Properties Values
Name
Fortrade
Minimum Diposit
$ 100
Leverage
1:30 | 1:400
Regulation
FCA, ASIC, IIROC, CySEC, NBRB,,,,,,,
Headquarters
UK
Established
2013
Address
Michelin House, 81 Fulham Rd., London SW3 6RD, UK
Platform
MT4,MT4 WebTerminal,MT4 Android,MT4 iOS,Meta Trader Mobile,,,,
Payment Method
Visa,Mastercard,Wire,Skrill,Neteller,Webmoney,,,,
Overview
Properties Values
Spreads
2 pips
Min Position size
0.01
Broker Type
STP (Straight Through Processing),,,,,,
Account Type
Mini account,High Leverage,Islamic account,Standard,,,,
Brokers by Country
UK Forex Brokers,,,,
Techniques
Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,,
Account currency
USD,EUR,GBP,AUD,XAU,JPY,XAG,,USD,,USD,,USD,
Tools
Charting Software,,,,
Website Languages
en,,,,
Support languages
en,,,,
Bonus
Yes
Reviews Rating
4.1
Withdrawal Fee
No
Trading Signals
No
Free Education
Yes
Daily News
No
Demo account
Available
Swapsr
Yes
Pors
1. User friendly software	
2. Available MT4 and proprietary FORTRADER	
3. Versions suitable for Web, Mobile and Desktop trading	
4. Fee Report	
5. Supporting numerous languages
Cors
1. None
Display Analysis
Yes
Serving country
BY,GB,,,,
Not Serving country
BE,US,,,,
Contests
No
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
Myfxbook Auto trade,Mql5 signals,,,,
Mobile Trading
Yes
Scalping
No
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+44 203 966 4506
Customer Support
24/5
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