Fortrade Review

Fortrade

Fortrade is a well-established broker since 2013. Fortrade has a headquarter in United Kingdom. It is are generally well-suited for Fortrade to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC 493520, CySEC 385/20., FCA (UK) 609970, FSC (Mauritius) GB21026472, IIROC 20-0021 and NBRB (Belarus) 193075810.


Company Information

Website
www.fortrade.com

Established
2013

Country
United Kingdom

Regulation
ASIC 493520
CySEC, 385/20.
FCA (UK), 609970
FSC (Mauritius), GB21026472
IIROC, 20-0021
NBRB (Belarus), 193075810

Features

Bonus offers

Free education

Islamic accounts available

Account Information

Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Fortrade is up to 1:100. Meanwhile, you can open an account with a starting capital of $500.

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Minimum Deposit

$500

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Maximum Leverage

1:100

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Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:



Minimum Deposit $500

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Instruments Traded

Besides lots of currency pair, Fortrade also offers some instruments you would like to trade on, such as Forex, Stocks, Indexes, Agriculture, Soft commodities, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard account, Fortrade specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Indexes

Indexes
1:50

Agriculture

Agriculture
1:10

Energies

Energies
1:10

Cryptocurrencies

Cryptocurrencies
1:2

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Fortrade also provides payment with Credit/debit cards




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Fortrade offers you MetaTrader 4, MetaTrader 5 and Desktop Fortrader.

Customer Support

Do you have any question or find any trouble related to Fortrade? If you do, you should reach Fortrade's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Dutch
English
French
German
Italian
Macedonian
Polish
Slovenian
Spanish
Swedish

Office
Support

Email
Support

Call
Support

Chat
Support




FAQ About Fortrade


Is Fortrade a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Fortrade is a good broker for you or not by reviewing the criteria. In general, Fortrade provides trading service in Forex , Stocks , Indexes , Agriculture , Soft commodities , Energies and Cryptocurrencies . As for the payment methods, you can choose between Credit/debit cards, Neteller, PayPal, Skrill and Wire transfer. The customer support is available via Email and Phone.


What is the minimum deposit for Fortrade?

The starting capital in Fortrade is $500.


Is Fortrade regulated?

Fortrade is regulated by ASIC 493520, CySEC 385/20., FCA (UK) 609970, FSC (Mauritius) GB21026472, IIROC 20-0021 and NBRB (Belarus) 193075810. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is Fortrade legit?

Fortrade is a brokerage company offering trading services for clients since 2013 with offices in United Kingdom.


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