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June 10, 2024
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Fortrade Review 2023: Is This Broker Legit or Scam?

Fortrade is a leading full-service broker in the UK with over 1.8 million clients. They provide brokerage services through their internet trading platform, mobile application, and offices in Australia and Belarus. In the world of CFD and forex trading, Fortrade is a major player. Fortrade offers free call and trade services and provides decent leverage support to help customers make a sizable profit with less risk. Their wide range of payment options makes trading less complicated for both novice and experienced traders.

Fortrade Overview

Official Websitefortrade. com
HeadquartersUK
Founded Year2013
RegulatedFCA, CySEC, ASIC, NBRB, CIPF, IIROC
Product offeredForex Pairs, Index CFDs, Stock CFDs, Gold, Metals, Oil, Energies, Agriculture CFDs
Minimum Initial Deposit$100
Maximum LeverageUp to 1:100
Islamic AccountsYes
Demo AccountYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Trading feesAverage
Inactivity feeYes
Withdrawal feeAverage
Supported currenciesUSD, EUR, GBP
Customer SupportEmail, Live Chat, Phone, and FAQs Support

In this Fortrade broker review, we will delve into the company’s operations, including its services and products, brokerage fees, and the range of market instruments it offers. If you’re seeking an experienced and dependable broker to establish a fruitful partnership with, it’s essential to read and research our Fortrade review. It’s important to note that while we have conducted extensive research on Fortrade, this review is solely meant for informational purposes and does not constitute financial advice.

More About Fortrade

Established in 2013, Fortrade is a global forex broker offering CFD trading and online foreign exchange trading services. Headquartered in London and Watford in the UK, the company is regulated by the Financial Conduct Authority (FCA) and led by CEO Nick Collison. In recent years, Fortrade has expanded its operations to Cyprus, Australia, Canada, and Belarus, developing trading platforms and regulatory frameworks in these regions.

The company’s mission is to make online trading more convenient, enjoyable, and profitable, and this is reflected in its extensive reach and strict regulation. To achieve this, Fortrade provides a variety of leverage ratios, rewards, and tight and aggressive spreads, starting at 4 pips for forex and varying depending on the trading instrument.

Fortrade User Experience

Fortrade is an excellent forex broker that provides traders and investors with a hassle-free and smart web experience. The desktop and online app versions have been enhanced with new features, services, data, and logical analysis to help customers make informed investment decisions. The website’s persona-based navigation is investor-friendly, recognizing and responding to the needs of different personas. Fortrade stands out from the competition due to its educational offerings, live chat support, and intelligent search. The company prides itself on being an innovator, creating user-friendly trading platforms that incorporate cutting-edge technology.

For more information on Fortrade’s additional features or to explore convenient solutions for all your investment needs using Fortrade’s platforms, which are compatible with all types of devices and bandwidths, please refer to our Fortrade app review.

Trading Features of Fortrade

Clear and Simple Trading

Fortrade offers a solid platform for all potential clients to quickly open accounts and start trading. The Fortrade Academy provides a wealth of eBooks and video tutorials to help new users become familiar with the platform, making it easier for beginners to start trading. The website is available in languages other than English, and customers can take advantage of unlimited free technical support. With the Fortrade app, traders can conduct business quickly and conveniently on any device, anywhere in the world. In summary, Fortrade offers a quick, easy, and reliable online trading solution, with over 300 trading items available.

Bulls and Bears, Any Time, Anywhere

In the world of online trading, market access is essential. Today, it is no longer a luxury but a necessity to be able to trade seamlessly from anywhere, be it at home, work, on the bus, train, or any other place. To meet this growing demand, Fortrade’s highly skilled and experienced team has developed a range of fully scalable trading platforms that allow you to monitor international financial markets, derivatives and capitalize on price fluctuations. These platforms are available to you anytime and anywhere, making it convenient for you to trade.

Maximum Potential, Minimum Effort

The online business world is highly competitive, and companies must offer the most attractive pricing to attract and retain customers. Fortrade is no exception and strives to provide the most competitive pricing in the market to attract and retain customers. The broker’s primary goal is to provide a secure and successful trading environment that increases the chances of success for its clients. Fortrade Ltd offers moderate and reasonable spreads, leverage ratios up to 1:200, impressive rewards and promotions, and other trading incentives, with initial deposit funds as low as $200.

From Long to Short in the Blink of an Eye

In the fast-paced world of online transactions, speed is critical, and Fortrade shines in this aspect. Every millisecond counts, and Fortrade ensures that its customers’ requests are executed quickly and efficiently. With its powerful and reliable order execution technology, customers have complete control over their portfolios in real-time, allowing them to open or close positions with just a click of a button. Moreover, there are no commissions involved.

Pushing You Forward

To succeed as an online currency and CFD trader, it is crucial to take a long-term approach. This involves exploring available resources and developing distinctive trading strategies and practices that can ultimately result in maximum return on investment. Fortrade offers a variety of trading capabilities to potential traders, and their Licensed Brokers have a significant customer base and view their clients’ success as their own.

Educational Services

There are always plenty of instructional resources at Fortrade. The broker has gathered many wonderful items in its educational trove, from video tutorials to real-world ideas.

User Responsive Interface

Whether you choose to use the desktop or web app version, Fortrade’s trading interface is visually pleasing and easy to use. The platform is equipped with all the necessary tools and features to navigate real-world market trading conditions with ease. Fortrade’s user-friendly technology offers both novice and experienced traders an advanced trading environment.

Services Offered by Fortrade

To determine if Fortrade is suitable for your trading needs, you can refer to our Fortrade service reviews. The company offers research-backed financial market analysis services, advanced financial chart comparison tools, and investment recommendations from renowned analysts. In addition to real trading accounts, Fortrade provides demo account services to its clients. The Fortrade platform is a significant offering from the broker, accessible online and through a web browser on various devices, including iOS devices such as iPhones and iPads. Fortrade also offers excellent affiliate marketing services and top-notch promotional products.

Is Fortrade Regulated?

Fortrade is a legitimate broker that operates under the supervision of regulatory bodies such as the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Investment Industry Regulatory Organization of Canada (IIROC), and the National Bank of the Republic of Belarus (NBRB). These organizations conduct regular evaluations and audits to ensure that Fortrade maintains its regulatory status. If you have any doubts about the legitimacy of Fortrade, reading our review will convince you that it is a trustworthy broker and not a scam.

Fortrade Review: Pros and Cons

ProsCons
No deposit fee.Fortrade charges on Withdrawing process money.
Access on any device.Traders from the USA have restricted access.
Provides commission-free trading.Slow withdrawal process.
Provides MT4 and proprietary Platform Fortrade.Charges Inactive account penalty.
Multi-language support. 

Types of Fortrade Trading Platforms

In this section, we will introduce you to the variety of regulated trading platforms that Fortrade supports. In addition to its own proprietary Fortrade platforms, Fortrade also offers the industry-standard MT4 platform for more advanced traders. These trading platforms, equipped with state-of-the-art technology and features, can be used on your PC, MAC, or mobile device to securely and conveniently manage your investments. The user-friendly and feature-rich interfaces of these regulated platforms are designed to meet all trading needs and improve trade efficiency.

Mobile Fortrader Platform

With Fortrade’s regulated Mobile Fortrader, you can easily manage your retail investor accounts from anywhere and at any time. The Fortrader platform for mobile can be accessed by professional traders on the website or downloaded from the Google Play store and Apple app store. The Mobile Fortrader provides access to all trading instruments, including CFD trading and energy products, and enables you to read charts, open and close trades, manage your Fortrade account, and make a minimum deposit. By turning your Android or iOS device into a virtual trading station, you can trade profitably with ease from the palm of your hand.

Web Fortrader

With Fortrade’s proprietary platform, Fortrader Webtrader, all you need is a web browser and an internet connection to trade on your PC, Mac, or mobile device. This technology delivers real-time data quickly and accurately. Traders can track, analyze, and trade with ease, thanks to the regulated cross-device platform and One-Stop-Shop feature, which saves time and effort. The trading interface is cutting-edge and uses advanced encryption techniques to ensure complete secrecy, anonymity, and financial security. Fortrader Webtrader supports various web browsers, including Chrome, Internet Explorer, Firefox, Opera, and Safari. Ensure that you have the latest mobile web browser installed on your smartphone or tablet.

Fortrade Metatrader 4

The widely recognized MetaTrader 4 (MT4) platform is favored by trading enthusiasts of all levels of expertise. Its numerous features ensure a stable trading environment and support diverse trading strategies. MT4 is especially suitable for novice traders who are not comfortable creating their own trading algorithms as it is coded in a programming language.

By utilizing this trading platform, traders can manage their funds and potentially earn profits on the world’s largest financial market. The platform offers new and experienced traders a range of tools including nine timeframes, three charting types, thirty pre-installed technical indicators, 24 graphical objects, and thirty pre-installed graphical elements. Additionally, Expert Advisors (EAs) provide convenient features like one-click trading, automated trading, and a variety of order types. MT4 users have access to their entire trading history.

Products Offered by Fortrade

Fortrade provides access to over 300 financial assets categorized into nine distinct groups, including Forex, Stocks, Indices, Precious Metals, Energies, Agricultural Products, US Treasuries, ETFs, and Cryptocurrencies.

For Forex trading, Fortrade offers a reliable and conducive environment for successful online trading. They provide over 50 major currency pairs, including exotics, minors, and majors, with fast execution, zero commissions, and leverage of up to 1:30 on all pairs.

Fortrade also offers 24 Direct Market Access (DMA) stocks in addition to their selection of share CFDs, allowing customers to transact directly on limited stock companies and exchanges worldwide. Popular brands such as Colgate-Palmolive, Nike, and Garmin are available for trading.

In terms of indices, Fortrade stands out by offering 18 high-quality indexes featuring the biggest and most well-known corporate shares.

Precious metals trading is also available with Fortrade, including ten precious metals such as gold, silver, platinum, and palladium, offering a wider variation compared to other brokers.

Fortrade enables trading on five different energy types, including oil, Brent Crude, gasoline, heating gas, and natural gas.

For agricultural commodities, Fortrade offers CFDs on fundamental commodities like wheat, corn, sugar, and cotton, which are traded on several commodity markets and exchanges globally, presenting numerous opportunities to profit.

Customers can also invest in US Treasury securities and bonds with a maturity of five, ten, or thirty years through Fortrade, which can help maximize potential future gains.

Overall, Fortrade provides a diverse selection of financial assets for traders, allowing them to choose from a variety of options and explore various trading strategies.

Fortrade Accounts Opening Process

The Fortrade trading platform was created to make the process of opening investors accounts easy, quick, and friendly. Simply follow these steps to create a trading account with Fortrade in a matter of minutes:-

  1. Go to “Full Registration” and click to open an account at Fortrade.
  2. Enter your contact information and other basic information, such as name, email, password, and currency.
  3. It also requires a few documents from your end. The broker itself will specify the list of papers it requires.
  4. Once you’ve finished submitting, you’ll move on to the next stage, where you’ll need to send a minimum deposit amount in order to begin.
  5. Press the “Submit” button. Your login details will be sent to the email address you entered on the registration form as soon as you are finished.

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