FORTRADE REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER?

FORTRADE REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER? title=
2.5/5
Open account
Fortrade is a user-friendly and innovative broker that makes trading simple for you.
Min. deposit
$100
Website address
Demo account
Yes
Currency
EURGBPUSD
Supported languages
DeuEngFraItaPolRusSpa
Active
Yes
Payment Methods
Credit CardDebit CardMastercardNetellerPayPalSkrillVisaWire Transfer
Instruments
BondsCFDsCommoditiescryptocurrenciesDMAsETFsForexindicesshares
Min. trade price
0.01 Lots
Regulated By
ASICCySECFCAFSCIIROCNBRB
MetaTrader 4
Yes
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
Yes
Autochartist
No
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
Yes
MAM Account
Yes
PAMM Account
Yes
LAMM Account
No
Demat Account
No
Mobile Apps
iOS & Android
Margin Trading
Yes
Volatility Index
No
Spot Trading
No
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
No
Copy Trading
No
Trade Signals
Yes
Islamic Account
Yes
Inactivity Fee
$10
Guaranteed Stop Loss
No
Stock Exchanges
Australian Securities ExchangeCAC 40 Index FranceDAX GER 40 IndexDow JonesEuronextFTSE UK IndexHong Kong Stock ExchangeJapan Exchange GroupNasdaqS&P 500Shanghai Stock ExchangeSIX Swiss ExchangeToronto Stock Exchange
Commodities
CopperCornCottonGasolineGoldNatural GasOilPalladiumPlatinumSilverSugarWheat
Forex Trading
Trade 50+ major and minor forex pairs
Forex GBPUSD Spread
2
Forex EURUSD Spread
2
Forex EURGBP Spread
3
Forex Assets
50+
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.5,
according to 216 reviews

4.5 Stars
Mr Scott Richardson
Mr Scott Richardson
stars
gb
I've not long opened it. So we'll done and does look like a real world education.

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customer
customer
stars
gb
Title: great investment site I’ve been trading for 2 months with Fortrade and compared to where I was trading before, they are a lot more professional. I’ve had a lot of support and my trading has greatly improved and I know make profit. It’s really helped me supplementing my income. Want to say a huge thanks to account manager Chima and the entire Fortrade.

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Liam
Liam
stars
gb
Very nice and easy platform with the most helpful staff. A great way for a person who’s just getting into trading to begin, there’s also a great demo account you get given that even someone with 0% knowledge can start to get an understanding of the tools such as (take profit, stop loss features etc.) Overall a great business that’s helped me double my stake in under a month.

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Andreea Laura Pop
Andreea Laura Pop
stars
gb
Great trading app. Quick and easy to use. Also has MT4 trading compatibility. UK team is very helpful, and professional. Withdrawal and Deposit process has improved since UK branch has been set up. Highly Recommend. Fixed Spreads is always better than Variable spreads, which this company offers.

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Panagiotis Lambrianides
Panagiotis Lambrianides
stars
gb
I have been with Fortrade since the 18th September 2020. Results do not lie and I have made around 35% profit since I began. I have read bogus reviews on here, obviously from others offering EA’s, but I won’t be investing my hard earned money with any one else. Fortrade provide an excellent service and I would highly recommend Fortradeas I have done to around 8 family and friends.

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Clayton Felix
Clayton Felix
stars
gb
My Foretrader Account Manager Asif Hussain was excellent. He was calm and very patient. Everything was explaned in simplistic terms for a novice like myself. I would not hesitate to recommend Asif to anyone requiring support, regarding how to set up an account, for trading stocks and shares. Andrew From Leeds

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Content

Fortrade is a user-friendly and innovative broker that makes trading simple for you. It has been in operation since 2013. Since then, the company has come a long way. Let’s find out more about it.

Let's find out more about it FORTRADE

HOW DOES FORTRADE STAND OUT?

Secure and reliable: The broker is licensed by some of the best regulatory bodies. It offers ideal trading conditions with complete security.

Worldwide access: The broker provides global access in more than 150 countries.

With its intuitive technology, Fortrade offers a straightforward yet effective trading experience.

Customer support: Fortrade offers multilingual customer support 24/7.

Educational resources: Plenty of educational resources are available on the broker’s website, from market analysis to a trading academy.

Multiple assets: Fortrade provides multiple trading assets across eight categories.

WHAT IS FORTRADE?

WHAT IS FORTRADE?

Fortrade stands out for several reasons. The broker offers a great trading environment. Here, I’ll let you know more about the broker. Let’s get started.

Fortrade started its journey in 2013. With its innovative features, it doesn’t fail to impress you. The broker lacks nothing, including accessibility and security. A departure from traditional trading procedures was made possible by Fortrade.

Its goal has been to increase the usability, fun, and profitability of online trading! From the time of its inception to the present date, the minimum deposit amount is $100. The most noteworthy aspect is the variety of instructional materials available to help you excel as a trader.

Fortrade homepage

Fortrade homepage

With a spectrum of trading tools, indices, and commodities, Fortrade stands out. Its award-winning services and platforms entice consumers to pursue this broker. Fortrade serves several countries and different languages.

The only downside of using this broker is that US nationals and residents of its dependent nations are not accepted as clients. But be in no doubt, this broker offers exceptional services and won’t disappoint you.

Further reading

WHO ARE FORTRADE'S REGULATORS?

WHO ARE FORTRADE'S REGULATORS?

We discussed the broker and its features in the previous sections. But what about its regulators? In this part, I’ll familiarize you with them. Let’s get started.

Fortrade operates in Canada, London, Australia, Cyprus, Belarus, and Mauritius. Each one has different regulators. The broker is regulated by

  • Financial Conduct Authority (FCA)
  • Investment Industry Regulatory Organization of Canada (IIROC)
  • Canadian Investor Protection Fund (CIPF)
  • Australian Securities and Investments Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • National Bank of the Republic of Belarus (NBRB)
  • Financial Services Commission, Mauritius (FSC)

So, before signing up for the broker, you should know about its regulation.

Fortrade regulations

Fortrade regulations

Further reading

HOW DOES FORTRADE WORK?

HOW DOES FORTRADE WORK?

So, I hope you don’t have any underlying doubts about the regulators. Now, we’ll go through the trading assets offered by the broker. What are the available options? Let’s dig in deeper and find out!

Various tradable items in nine categories are available through Fortrade. These include forex, stocks, indices, energy, precious metals, agriculture, US treasuries, and direct market access.

Forex

  • USD/CHF
  • AUD/CAD
  • AUD/JPY
  • CAD/JPY
  • EUR/AUD
  • EUR/GBP
  • USD/JPY and many more

Stocks

  • Anglo American
  • Mondi
  • Shell
  • Barclays
  • Tesco
  • Reckitt Benckiser
  • Pearson and many more

Indices

  • USD Index
  • USA 500
  • UK 100
  • Italy 40
  • Spain 35
  • Netherlands 25
  • Japan 225
  • Swiss 20 and many more

Metals

  • Copper (HG)
  • Palladium (PA)
  • Silver/AUD
  • Gold/TRY
  • Gold/GBP
  • Platinum (PL) and many more.

Energy products

  • Heating Oil (HO)
  • Gasoline (RB)
  • Natural Gas (NG)
  • Crude Oil (CL)
  • Brent Oil (BZ)

Agriculture Products

  • Corn (ZC)
  • Soybeans (ZS)
  • Wheat (ZW)
  • Sugar (SB)
  • Cotton (CT)

US Treasuries

  • US5Y Note
  • US30Y Bond
  • US10Y Note

Direct market access

  • 3M Company
  • Altria Group Inc.
  • FedEx Corporation
  • CME Group Inc.
  • Nike Inc.
  • NetApp
  • The Kraft Heinz Company and many more

The broker provides over 300 trading assets. With low spreads and top-notch customer support, Fortrade provides good overall trading conditions.

Further reading

HOW DOES THE FORTRADE PLATFORM WORK?

HOW DOES THE FORTRADE PLATFORM WORK?

For trading all the above-stated assets, you certainly require a platform. Fortrade provides two platforms for the purpose. Both work on iOS and android devices. Let’s plunge into the details.

Fortrade provides two platforms

The broker only offers two platforms

  • Fortrader platform
  • MetaTrader 4

I always prefer the MetaTrader 4 platform. It contains back-testing algorithms that you may use anytime, anywhere, and with any kind of device. Thus, it makes your trading experience exceptional. Let’s talk about the two platforms.

FORTRADER PLATFORM

This platform offers a solution for any type of investor, regardless of expertise. It is an award-winning system along with the newest tools and technologies. Using a phone, the web, or a PC/MAC, enables convenient investment management. There are two options for using this Fortrader platform

Web Platform

The web platform offers quick access to global financial markets without any installation being necessary. Enjoy a dependable trading service with only a few clicks and an internet connection.

Fortrade platform

Fortrade platform

Mobile platform

Create a simulated trading station on your iOS or Android device without effort on the Fortrade mobile platform.

Fortrade mobile platform

Fortrade mobile platform

METATRADER 4

MT4 is an efficient platform for forex trading, commodities, and CFDs. For investors of all levels, it offers the best trade-management solution. Its simple architecture and strong bridging liquidity rank are its primary advantages.

Due to the extensive selection of charting indicators, expert advisers, and other analytic techniques, you may trade any product. You can access the platform through the Web, PC, or mobile application.

MT4 Mobile App

Create a simulated trading station on your Android device. Trade on more than 300 Forex and CFDs whenever you want and wherever you are.

Fortrade MT4 app

Fortrade MT4 app

MT4 Webtrader

Access your safe trading system via any browser on the planet!

Fortrade MT4 web trader

Fortrade MT4 web trader

MetaTrader 4

On your PC, trade while seeing live price quotations, statistics, and built-in analytics. The automated station supports all of your trading demands and more.

WHAT TRADING INDICATORS ARE AVAILABLE?

As a trader, you must know the importance of technical indicators. They help you a lot with making informed decisions. Some of the available indicators are

  • Support and Resistance
  • Trendlines
  • Volume
  • Bollinger Bands
  • Moving Averages, and many mor
Further reading

WHAT ARE FORTRADE’S TRADING ACCOUNTS?

WHAT ARE FORTRADE’S TRADING ACCOUNTS?

Now, I am sure you know all about Fortrade’s platforms. So, let us move forward with the trading accounts offered by the broker. There are quite a few accounts available on Fortrade. I’ll let you know.

There are quite a few accounts available on Fortrade

Fortrade offers 2 trading account types.

  • Live account
  • Islamic swap-free account.

LIVE/STANDARD ACCOUNT

This is the basic account you get at Fortrade. The minimum deposit amount for opening an account is $100. The maximum leverage is 1:100 and spreads start from 2 pips. You can simply open an account and start trading.

ISLAMIC SWAP-FREE ACCOUNT

This account can be opened by customers who practice Islam. Overnight positions do not have rollover interests. The Islamic Account was created to eliminate the necessity for interest payments and receipts, which are against Islamic law. Swap-Free will be 4 pips larger than the standard account on specific instruments.

DOES FORTRADE OFFER A DEMO ACCOUNT?

If you aren’t ready for live accounts, you need to open a paper trading/demo account. Yes, Fortrade does offer a demo account. You can use risk-free trading tools to practice in a live marketplace with fictitious funds. Isn’t it exciting?

Further reading

HOW SAFE IS FORTRADE?

HOW SAFE IS FORTRADE?

You must have heard that “Safety comes first”. It doesn’t make sense to entrust a broker with your money without knowing about them. You must be informed of the broker’s level of safety. So, let me tell you.

As mentioned previously, Fortrade is regulated by many organizations. In addition, they take some measures to keep their clients safe.

  • SSL encryption
  • Servers in excellent SSAE 16/SAS 70 Type I and II facilities
  • Segregated bank accounts for clients
  • Financial Services Compensation Scheme

It implies that the broker is undoubtedly safe.

it-implies-that-the-broker-is-undoubtedly-safe

Further reading

WHERE IS FORTRADE LOCATED?

WHERE IS FORTRADE LOCATED?

It is not at all difficult to track the location of this broker. But have you wondered how? It is because the broker’s offices are in multiple locations. Let’s have a short visit.

The broker’s headquarters is at Michelin House, 81 Fulham Road, London. In addition, it has offices in Canada, Australia, Cyprus, Spain, Belarus, and Mauritius. All of them are regulated by certain authorities.

Further reading

WHO OWNS FORTRADE?

WHO OWNS FORTRADE?

We are now acquainted with the location of the broker. Now, I’ll let you know who owns Fortrade. Is it independent or not? You’ll get to know about it right here.

Fortrade Limited is the owner and operator of this website.

Further reading

HOW TO DEPOSIT FUNDS IN A FORTRADE ACCOUNT

HOW TO DEPOSIT FUNDS IN A FORTRADE ACCOUNT

Some brokers make it challenging to deposit money. But the good news is that with this broker, it is super-easy. There are many payment methods. Let us have a look at them.

There are many payment methods

The deposit methods at Fortrade are

  • Credit/Debit Card
  • Mastercard
  • Visa
  • Skrill
  • Neteller
  • Paypal
  • Bank transfer

Card and bank transfers are instantly processed. Within 7 business days, funds submitted through wire transfer are refunded. I prefer the Paypal option as it is the most efficient.

Further reading

HOW TO WITHDRAW FUNDS FROM A FORTRADE ACCOUNT

HOW TO WITHDRAW FUNDS FROM A FORTRADE ACCOUNT

You probably know that for most brokers, the withdrawal methods are the same as the deposit methods. Do any extra costs exist? You’ll get to know this in this section. So, let’s see!

It is no surprise that the withdrawal methods are the same as those used in depositing funds. Also, the same amount of time is required. Guess what the best part is? There are no additional fees for withdrawals or deposits.

Fortrade payment options

Fortrade payment options

Further reading

HOW TO CONTACT FORTRADE?

HOW TO CONTACT FORTRADE?

What good is a broker if you can’t contact them whenever you want? Well, in this case, you won’t face such problems. I’ve never been disappointed by their services. Let us go into the details.

You can contact Fortrade by

  • Call
  • Email
  • Chat

Also, the FAQ page is an added benefit because it already answers many of your queries.

Fortrade contact page

Fortrade contact page

Further reading

DOES FORTRADE OFFER PROMO CODES?

DOES FORTRADE OFFER PROMO CODES?

Who doesn’t like getting paid for doing anything? Many brokers offer promotional codes and bonuses. But does Fortrade offer any promo codes? Let’s find out, folks!

The broker offers promotions through partnerships. There are four types of partnerships available.

  • Affiliates
  • Introducing brokers
  • Financial institutes
  • White labels

The details of each are provided on the Fortrade website. Before signing up with the broker, have a look at all of them.

Further reading

DOES FORTRADE OFFER BONUSES?

DOES FORTRADE OFFER BONUSES?

There is yet another chance to acquire money. Like many brokers, Fortrade also offers bonuses. So I’ll tell you what this broker has to offer you. Are you ready?

You may apply one of two bonus types to your account

  • Balance bonus
  • Credit bonus

BALANCE BONUS

When you add funds to your account, you may be eligible for this regular incentive, which is totally up to Fortrade.

CREDIT BONUS

Again, this is fully at Fortrade’s discretion and an alternative incentive with additional terms and conditions.

Further reading

DOES FORTRADE CHARGE TAX ON PROFITS?

DOES FORTRADE CHARGE TAX ON PROFITS?

This question might have intrigued many of you. Will Fortrade charge any taxes on your profits? Is there any information regarding this on their page? Let’s find out.

The website has no mention of taxes being deducted from profits. So, we infer that it charges no tax on profits.

Further reading

HOW DO I MAKE MONEY WITH FORTRADE?

HOW DO I MAKE MONEY WITH FORTRADE?

Fortrade has been operating for a while, and I signed up with the broker in 2016. I joined the broker because of its user-friendly, simple, yet innovative technology. It is perfect for both seasoned traders and newcomers.

More than 50 currencies and about 300 stock CFDs are available. I’ll discuss them in detail later.

Several advantages will instantly make you prefer this broker. The platform is clean, thanks to its products, trading options, multiple accounts, and customer support.

And did I forget to tell you that the minimum deposit amount is $100? It is way too exciting! Let’s have a look at what people say about the broker.

lets-have-a-look-at-what-people-say-about-the-broker-fortrade (1)

lets-have-a-look-at-what-people-say-about-the-broker-fortrade (2)

lets-have-a-look-at-what-people-say-about-the-broker-fortrade (3)

Further reading
FAQs

FAQs

Is Fortrade free?

Fortrade offers competitive spreads and trading fees. You can find plenty of trading resources and tools on the website, and they are free to use.

Can I use Fortrade in Canada?

Yes, you can! CFD trading is allowed in provinces where Fortrade Canada Limited is authorized, except Quebec.

Is Fortrade trustworthy?

Fortrade is a safe broker because of its regulation by top regulatory bodies like the FCA, ASIC, and IIROC.

What is the leverage at Fortrade?

Fortrade provides leverage of up to 1:30.

FINAL THOUGHTS

That’s all there is to it! We went to the bottom of the ocean and discovered everything there was to know about Fortrade. Fortrade excels in simplicity, regulation, platform, trading resources, and assets.

The broker falls in account types, high minimum deposit, and low leverage. So I’ll rate it 3.9/5. I hope you found this review to be both useful and time-saving. If you’re searching for forex brokers other than Fortrade, you can find a comprehensive list here.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.

Further reading
General Risk Warning: Your capital might be at risk