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

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

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.

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

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.

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

Mobile platform

Create a simulated trading station on your iOS or Android device without effort on the 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

MT4 Webtrader

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

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

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?

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.

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.

Fortrade Limited is the owner and operator of this website.

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.

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

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

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.

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.

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

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.

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.

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