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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Fortrade Review

4.13
15 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

Fortrade general information

Founded in: 2013 year
Headquarters:
United Kingdom
Minimum Deposit: 100 $
Website: www.fortrade.com
Website languages:
English, Arab, Spanish, Italian, Macedonian, Deutsch, Dutch, Polish, Portuguese, Russian, Slovenian, French, Croatian, Swede
Deposit currency: USD, EUR, GBP
Support languages: English
Regulated by:
FCA (United Kingdom)
FSCS (United Kingdom)
NB RB (Belarus)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, Segregated accounts
Affiliate program: 1
Deposit bonus: 30 %
Fortrade offers a welcome bonus, amounting to 30% of the first deposit (up to €3000). The deposit must be €100 as a minimum and the bonus expires within 90 days. Bonus monies may be used for tr

Fortrade Forex broker description

Pros

  • Regulated Broker: Fortrade is a regulated broker, providing clients with a high level of security and protection.

  • Advanced Trading Tools: Fortrade offers a range of advanced trading tools, including technical analysis tools and risk management features, to help traders make informed decisions.

  • Customizable Trading Experience: Fortrade's trading platform is fully customizable, allowing traders to personalize their trading experience to their preferences.

  • Large Selection of Instruments: Fortrade offers a wide range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies, providing traders with diverse trading opportunities.

  • Low Minimum Deposit: Fortrade offers a low minimum deposit requirement, making it an accessible option for traders of all levels.

Cons

  • No US Clients Accepted: Fortrade does not accept clients from the United States, limiting its reach.

  • Limited Cryptocurrency Offering: Fortrade offers a limited selection of cryptocurrencies compared to some other brokers in the industry.

  • Limited Customer Support: Fortrade's customer support is not available 24/7, which may be an issue for traders who require immediate assistance outside of regular business hours.

  • No Scalping Allowed: Fortrade prohibits scalping, which may be a disadvantage for traders who prefer this trading strategy.



Unique Selling Points

  • User-friendly trading platform: Fortrade's proprietary trading platform, Fortrader, is designed to be user-friendly and intuitive, making it easy for traders to navigate and place trades. The platform offers a range of features and tools, including technical analysis tools, custom indicators, and a range of chart types. Traders can also access a comprehensive news feed and market analysis, helping them make informed trading decisions. Fortrader is available as a web-based platform and desktop and mobile applications, making it accessible to traders from anywhere with an internet connection. The platform is also fully customizable, allowing traders to personalize their trading experience to suit their needs.

  • Competitive trading conditions: Fortrade offers competitive trading conditions, including tight spreads, low minimum deposit requirements, and high leverage. Spreads for major forex pairs start as low as 1.5 pips, and traders can choose from a range of account types to suit their trading style and experience. The broker offers leverage of up to 1:30 for retail clients and up to 1:500 for professional clients, allowing traders to maximize their trading opportunities. Fortrade also provides negative balance protection, ensuring traders do not lose more than their account balance. Additionally, the broker does not charge any commissions on trades, making it an affordable option for traders.

  • Wide range of assets: Fortrade offers a wide range of assets, including forex, indices, stocks, commodities, and cryptocurrencies. Traders can choose from over 300 trading instruments, giving them access to diverse markets and opportunities. The broker offers competitive pricing and execution, ensuring traders get the best possible trading experience. Additionally, traders can access real-time market data and news and advanced charting tools to help them make informed trading decisions.

  • Educational resources: Fortrade provides various educational resources, including video tutorials, webinars, and trading guides. These resources are designed to help traders improve their trading skills and knowledge, regardless of their experience level. Fortrade's education center covers a range of topics, including technical analysis, fundamental analysis, risk management, and trading psychology. Additionally, traders can access real-time market analysis and news and a range of trading tools to help them stay up-to-date with the latest market developments.


Introduction

Fortrade is a leading online trading platform that was founded in 2013. It offers a wide range of financial instruments. Fortrade has gained a reputation as a reliable and trusted broker in the industry, with clients worldwide. 

One of the standout features of Fortrade is the low Fortrade minimum deposit requirement, which makes it accessible to traders of all levels. In addition, the platform offers a range of trading tools and educational resources to help traders make informed decisions. The broker also provides a Fortrade deposit bonus to new clients. 

With a reputation for transparency, reliability, and security, Fortrade.com reviews from traders have been generally positive. This Fortrade review will provide an in-depth analysis of the broker's offerings, including its features, assets, platforms, and customer support, to help traders decide whether Fortrade is the right broker for them.


Supported Countries

Fortrade is a global online trading platform that is available to traders in many countries. The broker accepts clients from many countries, including the United Kingdom, Canada, and many European and Asian countries. However, it is essential to note that some countries are not supported due to regulatory restrictions. Therefore, checking with the broker to confirm if your country is supported is essential.

Fortrade supports several languages to accommodate traders from different regions. The platform is available in English, French, Spanish, Italian, German, Polish, Czech, Slovak, Slovenian, Croatian, Hungarian, Russian, Arabic, and Chinese. The broker has made an effort to ensure that traders can use the platform in their preferred language.


Customer Service Rating

Fortrade is a reputable trading platform that has been in operation for several years. Regarding customer service, the platform has received mixed reviews from users. While some users have praised the company's customer service team for their responsiveness and helpfulness, others have expressed frustration with the slow response times and lack of transparency. 

Fortrade has 238 reviews on Trustpilot, but the overall star rating is 2.7 out of 5. However, it's worth noting that the number of reviews on Trustpilot is relatively small compared to the number of clients Fortrade serves. 

The Fortrade review suggests that the platform is a reliable and user-friendly option for traders, but there is always room for improvement when it comes to customer service.


Trading Platforms

Fortrade provides its clients with a range of trading platforms, each with unique features and benefits. Here are the main trading platforms offered by Fortrade:

  • Fortrader: Fortrade's proprietary trading platform is available as a desktop and mobile app. The platform is user-friendly and offers a range of advanced trading tools, including technical indicators, charting tools, and risk management features. Fortrader also allows for one-click trading and provides access to various markets, including forex, stocks, and commodities.

  • MetaTrader 4: Fortrade also offers the popular MetaTrader 4 platform, which is a favorite among traders for its powerful charting tools and automated trading capabilities. With MT4, traders can customize their trading strategies, use expert advisors, and access a range of advanced order types. The platform is available as a desktop, mobile, and web-based app.

  • WebTrader: For traders who prefer a web-based platform, Fortrade offers WebTrader, a browser-based platform requiring no downloads or installations. WebTrader is compatible with all major browsers and provides access to various markets, including forex, stocks, and commodities.


Type of Trading Accounts 

Fortrade offers a variety of trading accounts to suit the needs of different traders.

  • Unlimited Demo Accounts: Fortrade offers unlimited demo accounts for traders who want to practice their trading strategies and test the broker's trading platforms without risking their funds. This account type is free and provides traders with virtual funds to trade with.

  • Standard Accounts: The standard account is the basic account type offered by Fortrade. It requires a minimum deposit of $100 and provides access to all trading instruments, platforms, and tools. Traders can trade in forex, commodities, indices, and cryptocurrencies. Standard accounts also come with daily market analysis and educational materials.

  • Segregated Accounts: Fortrade also offers segregated accounts for traders who want extra protection for their funds. This account type is suitable for high-net-worth traders who trade large volumes of assets. Segregated accounts are separated from the broker's funds, reducing the risk of loss in insolvency.


Trading Denominations on Fortrade

Traders can deposit their accounts and carry out transactions in the following currencies: USD, EUR, GBP, and PLN. 


Company Structure

Fortrade is a trading platform that provides access to a range of financial instruments for traders worldwide. The company is headquartered in the UK and operates under the regulatory oversight of the Financial Conduct Authority (FCA), which is a major factor in the positive fortrade.com reviews that the platform has received from users. Fortrade offers several features, including the Fortrade deposit bonus, which is designed to encourage new traders to join the platform and start investing.

The company is a privately held firm owned and managed by a team of experienced professionals. Fortrade has a solid commitment to providing its users with high-quality services, which is reflected in the positive Fortrade review and Fortrade Canada review that the platform has received from traders worldwide. 

The trading platform is well-established with a strong reputation for reliability and customer service. 

Fortrade's management team is focused on building a robust and sustainable business that can continue to grow and evolve in the years ahead. The company's commitment to transparency and regulatory compliance is reflected in the positive fortrade reviews that the platform has received from users. 


Fortrade Licenses and Regulatory Compliance

Fortrade is a licensed and regulated broker that adheres to the highest regulatory compliance standards. The company is authorized and regulated by the 

  • Financial Conduct Authority (FCA) in the United Kingdom with license number 609970. 

  • National Futures Association (NFA) in the United States with registration number 0504621. 

  • Australian Securities and Investments Commission (ASIC) with license number 493520. 

These licenses ensure that Fortrade operates by the laws and regulations set forth by the regulatory bodies. 

Moreover, the broker is required to adhere to strict guidelines in terms of client fund segregation, anti-money laundering, and risk management to ensure the safety and security of its client's funds. With these licenses, Fortrade demonstrates its commitment to providing its clients with a safe and transparent trading environment.


Fortrade Customer Protection 

Fortrade is a trading platform that places a high priority on customer protection. The platform is regulated by the Financial Conduct Authority (FCA), which ensures that the company complies with strict guidelines and standards. 

The company also offers a range of features to help protect its users, including negative balance protection and a fortrade deposit bonus. These features are designed to give traders peace of mind and help them make the most of their investments. 


Trading Information

Fortrade offers a wealth of trading information and resources to help traders make informed decisions. The platform provides users access to various financial instruments and trading training.


Tradable Instruments

  • Forex: 60+ currency pairs

  • Commodities: Gold, silver, oil, natural gas

  • Indices: S&P 500, NASDAQ, FTSE 100

  • Shares: Apple, Facebook, Amazon

  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin


Fortrade Leverage

Fortrade offers leverage up to 1:30 for retail traders and up to 1:500 for professional traders. The level of leverage depends on the trading instrument and the trader's account type. 


Deposits and Withdrawals

Deposits and withdrawals are essential aspects of trading, and Fortrade offers various options for its clients. Deposits can be made using credit/debit cards, bank transfers, and e-wallets such as Neteller and Skrill. 

The minimum deposit amount depends on the account type, ranging from $100 to $10,000. On the other hand, withdrawals are processed within three business days, and the minimum withdrawal amount is $100. Here is a table summarizing the deposit and withdrawal options for Fortrade:


Deposit:

Deposit Options        

Minimum Deposit Amount

Processing Time

Credit/Debit Cards        

$100

Instant

Bank Transfers    

$100    

3-5 Business Days

E-wallets (Neteller, Skrill)

$100

Instant



Withdrawal: 

Withdrawal Options        

Minimum Deposit Amount

Processing Time

Credit/Debit Cards        

$100

3 Business Days

Bank Transfers    

$100    

3-5 Business Days

E-wallets (Neteller, Skrill)

$100

3 Business Days


Fortrade Trading Education and Training

Fortrade offers a range of trading education and training resources to help traders improve their trading skills and knowledge. These resources are available on the Fortrade website and cover various topics such as fundamental and technical analysis, risk management, and trading psychology.

Traders can access educational materials in the form of articles, videos, webinars, and e-books. Fortrade also provides a demo account for traders to practice trading in a risk-free environment. Additionally, traders can contact Fortrade's customer support team for any questions or assistance with their trading education.


FAQs. 

Is Fortrade a scam? 

No, Fortrade is not a scam. The company is licensed and regulated by reputable authorities

How to Open a Fortrade Forex Trading Account? 

To open a Fortrade Forex trading account, visit their website and click on the 'Register' button. 


Conclusion

Fortrade is a reliable and trustworthy broker that offers a wide range of trading instruments and accounts for traders to choose from. The company is licensed and regulated by reputable authorities and prioritizes the safety and security of its client's funds. 

With a user-friendly trading platform, excellent customer support, and educational resources, Fortrade provides traders with everything they need to succeed in the forex and CFDs market. With all Fortrade has to offer, it’s one of the best brokers out there, today.

Trading accounts of Fortrade

  • Live
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile, Fortrader
Minimum Deposit : 100 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Forex1:30
Number of currency pairs: 49
  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • CAD/CHF
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/DKK
  • EUR/GBP
  • EUR/HUF
  • EUR/ILS
  • EUR/JPY
  • EUR/NOK
  • EUR/NZD
  • EUR/PLN
  • EUR/SEK
  • EUR/TRY
  • EUR/USD
  • EUR/ZAR
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • GBP/SGD
  • GBP/TRY
  • GBP/USD
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/DKK
  • USD/HUF
  • USD/ILS
  • USD/JPY
  • USD/MXN
  • USD/NOK
  • USD/PLN
  • USD/RUB
  • USD/SEK
  • USD/TRY
  • USD/ZAR
CFD's1:20
Amount of assets : 300
  • Promotions
  • Indices
  • Products
Metals1:20
  • Gold
  • Silver
Energy sources1:20
  • Oil
  • Gas
Cryptocurrencies
Stop Out:
50 %
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Floating
Decimal places:
5 characters
Margin Call:
100 %
Phone trading:
No

Contacts of Fortrade

Headquarters
UK , LondonFulham Rd, Chelsea,, 81
show on the map
+44 20 7710 2700

Recent customer reviews of Fortrade

Gary Goodwin 17 January 2023

Advantages: One of the biggest advantages is the low commission for trading. This means that users can maximize their profits by using lower spreads and leverage. In addition, this broker also provides users with access to advanced trading tools and services, such as technical analysis and charting capabilities. In addition, the broker also offers excellent customer service, which guarantees a quick solution to any questions or problems.

Disadvantages: None

Comment: A reliable and proven forex broker offering its clients a wide range of advantages. From competitive spreads and leverage to technical support, this broker provides users with all the tools necessary for successful trades.ё

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Owen Lucas 07 October 2022

Advantages: Training and analytics Bonuses and contests Excellent trading conditions Reliable and secure terminal Affiliate Program License Simple withdrawal of earnings

Disadvantages: Technical failures

Comment: I have opened a real trading account. Everything was going well on the demo lately, so I decided to open a real one. The first real trade was not very successful, EUR/USD closed at -$2.67. The next trade I opened on the same pair, it was more successful - plus 7,32. Some more following trades were like swings, and as a result plus got over minus a little. But the last deal was very satisfying. The trade was in gold and brought me 89 bucks in just a couple of hours. This kind of thing certainly motivates me a lot. I'm going to try and do some more precious metals trading. Maybe it will work out. But to be honest, demo and real are different things. For me everything was easy on the demo, while real is a different matter, with risks, nerves, real money, not virtual... But you have to try, with the demo you just time it out. I think that the demo is different from real life, everything is softer there. The broker shows you how much you can earn. But in real life it's not that easy, but I'm not lost, and that's good, because I can do do something.

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Grant Holden 04 October 2022

Advantages: Good technical support I like that it is convenient to top up accounts and withdraw funds There is also a trial account

Disadvantages: Terminal hang -up

Comment: I want to thank the broker for the training courses. At first I went online, then I decided to go to a dealing center and see how they trade in practice. There are different course options, for beginners and those who have been cooking in this for years. Here they can also offer a manager who will help in the future. I wish you good luck, you should try it!

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.