Home  »  Forex Broker  »  Fortrade

Fortrade is an international brand widely known for its brokerage service in forex and CFDs. You can trade CFDs on hundreds of products here.

There are tons of reasons why you must select this broker for trade.

On this walkthrough of Fortrade Review, we will try to find out all the key pointers making this forex broker best over other trading platforms.

Why should you start trading at Fortrade? Let’s find out.


About Fortrade & Accepted Countries

Founder / CEOChris Warburton
Established Year2013
Publicly TradedNo
Total Employees50+
RegulationsFCA, ASIC, CySEC, NBRB, IIROC
HeadquarterUK

Before we go deep into this Fortrade Review, let’s know about the broker in detail.

ForTrade Forex BrokerFortrade is an online Forex broker where aspiring traders can trade CFDs on multiple assets through a single interface.

Surprisingly, Fortrade, also known as Fortrade Limited, isn’t that old name in the industry.

The online platform first went public in 2013 in the United Kingdom and currently offers trading services to clients from different nations.

You can access this trading platform in 14+ different languages making it clear that this broker has its far-reaching demand in the trading sector.

Let’s cover more information on this one of the best online Forex brokers in the discussion below.


Open a Forex Trading Account Now! – Fill up the Form


    Fortrade Trading Platforms

    Trading PlatformFortrader Platform, MT4
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesEnglish, German, Spanish, French, Italian, Russian, Portuguese and more

    Be it on mobile or a desktop; people love enjoying trading online via Fortrade.

    You receive an MT4 trading platform facility that can be accessed through three different verticals.

    To simply put, you can access the MT 4 trading platform directly via the web browser.

    In addition, you can also reap the facility of MT4 directly on your PC. And the best thing is, the facility is also available for mobile users.

    Simply download the Fortrade App on your Smartphone (no matter if it is android or iPhone) and start trading.

    You can also choose web trading without MT4 on both desktop and mobile devices if you aren’t comfortable with MetaTrader 4.


    Fortrade Mobile App

    Fortrade leaves no stone unturned to provide convenience to clients. On this Fortrade Review, we found that the broker also offers a well-built mobile trading platform which is a great thing.

    Anybody can install and use this trading app from the Google play store or Apple app store, respectively.

    The broker doesn’t ask you for any fee in excess for installs because the app is absolutely free. The app mirrors the similar user experience that you get on the desktop platform.

    It’s no surprise that Fortrade has done a great job by launching a mobile trading platform.

    Users aren’t required to log in to their laptop or PC to review their portfolio from time to time because now everything would be within reach, right inside your Smartphone.


    Check out Mobile Apps of more Forex Brokers


    Fortrade Commission or Brokerage or Fees

    Commission on tradesYes
    Fixed spreadsYes

    If we talk about the Fortrade Commission, it is built into SPREADs. The broker generates income for themselves mainly from spreads which is a notable point.

    The average spreads are around 2 pips (EUR/USD) and 3 pips (EUR/GBP) on major forex products.

    But it’s worth noting that in addition to spreads, the broker charges inactivity and overnight fees as well that can range from 10 USD or above.

    It entirely depends upon your disciplined routine and the way you trade assets.

    Apart from that, the broker asks you to submit $100 as a minimum deposit amount that you need to make available when signing up for a trading account.


    Fortrade Exposure or Leverage

    Maximum Leverage1;30

    In this Fortrade Review, another great thing we find is 1:30 leverage support. Users can trade 30 times of their investment with this facility.

    No matter what asset and market you select for trading, the broker makes sure that you aren’t short of funds.

    But it’s worth noting that leverage is subjected to heavy risk, mainly if you are up to play a trading round in CFDs.

    It is always a good idea to trade assets using your own capital. But if you are confident about yourself, feel free to reap the benefit of leverage.


    Payment Methods provided by Fortrade

    DepositBitcoin Payments, MoneyGram, Neteller, PayPal, Skrill, Visa
    WithdrawBitcoin Payments, MoneyGram, Neteller, PayPal, Skrill, Visa

    With an endeavor to provide a convenient check-out experience, Fortrade offers multiple payment methods.

    One can use a debit card, credit card, e-wallets, and bank transfer to fund their trading account.

    However, there are no charges involved in the transaction, but it depends more on your bank and country.

    If we talk about withdrawals, you receive similar payment methods for withdrawals.

    Since Fortrade is an international broker, so make sure withdrawals may take up to 5 business days to 15 business days. It depends upon your payment method too.

    Cards and bank wire transfers usually take more time for transactions to proceed.


    Find out Payment Methods provided by other Forex Brokers


    Investment in Asset Classes or Markets by Fortrade

    Currencies TradingYes
    Commodities TradingYes
    Indices TradingYes
    Stocks TradingYes
    Cryptocurrency TradingYes
    ETF’s TradingYes
    Bonds TradingYes
    FUTURES TradingNo
    OPTIONS TradingNo
    Supported Cryptocoins BTC, DSH, LTC, ETH
    Total Tradable Assets300+
    Number Of Currency Pairs100+
    Number Of Cryptocurrencies5+
    Number Of StocksNA
    Number Of IndicesNA
    Number Of CommoditiesNA
    Number Of FuturesNA
    Number Of OptionsNA
    Number Of BondsNA
    Number Of ETFsNA

    We can’t end this Fortrade Review without knowing precisely about the type of assets and markets you get to trade. So let’s have a look.

    The forex broker offers more than 300 tradable assets on its tradable platform.

    In a nutshell, these assets include currency, stocks, metals, indices, and energies.

    For convenience, each Asset has been kept in a separate market category so you can access every needed asset within a short time.

    No matter if you are using MT 4 or a web trading platform by Fortrade, you can access all the 300 assets right on your interface.


    Fortrade Virtual Trading or Demo Account

    Virtual MoneyNA
    ChargesFree

    Nowadays, almost every broker provides a virtual trading facility on their trading platform.

    So does Fortrade forex broker. On its trading platform, the broker gives you a real account and demo account.

    Anybody can use the demo account for free. No matter if you are using Fortrade App, the demo account facility is available on mobile devices too.

    Simply log in and search for the demo account option. It must be available in the account section. However, using a demo account isn’t mandatory for all. You can directly proceed with a real account too.


    Fortrade Offers or Deals

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageYes
    Flexible Brokerage PlansNo
    Referral OffersYes
    Forex Trading ContestNo
    Trading Bonuses & RewardsYes

    Fortrade offers, deals, and promotions have always been in the limelight because you receive lots of benefits on the go. To simply put, the broker provides you educational services for free.

    The broker offers trading courses for beginners, video tutorials, and advanced courses too. Apart from that, the broker launches seasonal deals and promotions too.


    Fortrade Regulation or Licensing

    Regulations FCA, ASIC, CySEC, NBRB, IIROC

    Regulation and licensing make a trading platform a trusted source to start trading at.

    Luckily, Fortrade is also licensed by top-tier regulators.

    To simply put, the broker gets licensing from FCA, ASIC, CySEC, NBRB, and IIROC that are renowned worldwide.

    No wonder you can feel confident about your trading decision because it is a reliable source.


    Find out Regulations & Licensing of more Forex Brokers


    Fortrade Features

    Educational ServicesYes
    Social Trading / Copy TradingNo
    Trading SignalsYes
    Email AlertsNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    OCO OrdersNo
    Trailing SP/TPYes
    Automated TradingNo
    API TradingYes
    VPS ServicesNo
    Trading From ChartYes
    Interest On MarginNo
    Offers HedgingNo
    Offers PromotionsNo
    One-Click TradingNo
    Expert AdvisorsNo
    Other Trading FeaturesNo

    Whether it is Fortrade App or a web-based platform, the broker shares a good range of features on each of its trading platforms that are worth noticing. These features include-

    Attractive Interface

    You trade assets through a beautiful interface. Every essential tool and feature is within reach, so you don’t encounter issues when dealing with real-market conditions.

    WebTrader/MT4

    The broker provides web trading and meta trader 4 facilities to the users so that each person could enjoy trading in their own style.

    Trading Tools

    Technical indicators, currency converter, margin calculator, and other helpful tools are available for trader’s assistance.

    Market Analysis

    So traders could hit a solid market analysis right from the beginning, charts and other helpful features have been provided.

    Educational Services

    Fortrade is never short of educational resources. From video tutorials to practical concepts, the broker has compiled many great things in its educational treasure.


    Fortrade Account Types

    Take a look at the types of accounts that the company is offering:

    Account TypeRetail AccountProfessional Account
    Initial Deposit$100 €500,00
    SpreadFloatingFloating
    CommissionNoYes
    Leverage1;301;200

    After knowing about the Commission, the zest for learning about Fortrade account is a natural thing.

    But unlike other trading platforms, Fortrade doesn’t run multiple trading accounts that confuse clients.

    The broker runs a single trading account only. But it’s worth noting that the condition for each market and Asset you will trade are likely to vary.

    However, the minimum deposit amount is $100 asked from users when they first log in to the account.


    Fortrade Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeSTP
    Min Deposit$100
    Maximum Leverage1;30
    Mini AccountNo
    Premium AccountYes
    DEMO ACCOUNTYes
    Islamic AccountYes
    Segregated AccountNo
    Managed AccountYes
    Institutional AccountNo
    Suitable for beginnersNo
    Suitable for professionalsNo
    Suitable for scalpingNo
    Suitable for daily tradingYes
    Suitable for Weekly tradingNo
    Suitable for swing tradingNo

    Fortrade – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team:

    Fundamental ReportsNo
    Research ReportsNo
    Company ReportsNo
    Daily Market CommentaryYes
    News (Top-Tier Sources)No
    Delko’s ResearchYes
    Top PicksYes
    AutochartistNo
    Acuity TradingNo
    Company Stock ReviewYes
    Free Stock TipsNo
    WebinarsYes
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryNo
    Relationship ManagerNo

     


    Fortrade Benefits

    Let’s have a look at the benefits of starting trading with Fortrade that are also remarkable, like the broker itself.

    The major benefits you receive are as follows-

    • Access to educational resources
    • Interactive User Interface
    • Technical indicators and charts
    • Seminars
    • Trade on MT4 and non MT4
    • Web-trading facility present
    • A mobile trading facility is also provided
    • Licensed by Top-tier regulators
    • Offers free demo account

    Fortrade Cons or Drawbacks

    Here are the key drawbacks of Fortrade that make us say a big no-no to the broker.

    • Commission comes from spreads
    • The initial deposit amount is high
    • Doesn’t provide customer support service on weekends or Sundays
    • The web interface looks a bit old

    Fortrade Trading Hours

    If you are planning to start trading, make sure you know that Fortrade’s customer support team doesn’t provide services on weekends or Sundays.

    So make sure you aren’t relying on the broker all time.

    Their team provides you with customer support 24/7 hours on a weekday.


    Fortrade Customer Care or Contact Details

    Dedicated DealerYes
    Support During WeekendsNo
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportNo
    Customer Support LanguagesEnglish, German, Spanish, French, Italian, Russian, Portuguese and more

    Fortrade makes sure its clients never face any issues. For that, the broker shares multiple contact networks with its users.

    Live Chat Support provided on Web-platform or mobile app

    You can also contact the Fortrade support team via email address and phone number

    • Contact no. +44 203 966 4505
    • Email. support@fortrade.com

    Fortrade Safety & Security

    Fortrade is one of the safest online trading platforms.

    The broker gets licensing from internationally renowned regulators. Millions of people are enjoying trading services.

    Thus, from every angle, you can find Fortrade a reliable broker.


    Fortrade Rating & Reviews

    Based on different users and their experiences below are the company rating and reviews:

    User Experience7.5 / 10
    Products & Services7.8 / 10
    Brokerage Charges & Fees8.1 / 10
    Research & Advisory7.2 / 10
    Trading Platforms7.1 / 10
    Overall Ratings7.6/ 10
    Star Ratings★★★☆☆
    Total Client Reviews98

    Fortrade Forex Trading – Conclusion or Verdict

    Ultimately, we can make some positive comments on the Fortrade trading platform.

    The broker has been an award-winner for its trading services and continues to evolve as the most used trading platform of this age.

    Using this broker, you can buy and sell almost any asset in different markets.

    You can trade CFDs on any desired asset you want. Leverage, demo account, and trading tools facility, everything about Fortrade is impressive.


    Fortrade Forex Trader FAQs

    Here is the list of FAQs related to the Fortrade Forex Trader:

    Is Fortrade Safe for Trading?

    Yes. Fortrade is one of the safest online trading platforms because top-tier regulators, FCA, ASIC, CySEC, NBRB, and IIROC, give licensing to the broker.

    Thus it won’t be wrong to call it safe and reliable trading platform.

    What is the Commission for Fortrade?

    It’s worth noting that Fortrade makes income from spreads, such its commissions are built into spreads.

    The average spread is around 2 pips to 4 pips on major currency pairs.

    How to open a Trading Account with Fortrade?

    You can open a trading account with Fortrade within a couple of minutes.

    All it takes are a few documents from your side. The list of documents that the broker wants will be stated by the broker itself.

    Once you have done submitting, you will be sent to the next step, where you will be required to submit a minimum deposit amount to get started.

    Can I Invest in Cryptocurrency with Fortrade?

    Unlike other trading platforms, Fortrade doesn’t offer you an extensive range of cryptocurrencies for trading, but the broker does offer bitcoin trading.

    If you invest a majority of your savings in crypto, it is definitely not for you.

    What Leverage does Fortrade provide?

    Fortrade provides leverage of 1:30, which isn’t that bad.

    Does Fortrade have a Trading App?

    Yes, Fortrade has a well-built mobile trading app.

    Every feature and function you receive on this app is available on a desktop or web-based platform.

    Thus, you can choose any device for trading via Fortrade.

    How to Contact Fortrade Customer Care?

    You can contact Fortrade customer care via Mobile no. +44 203 966 4505, or you can email them via Email address. support@fortrade.com

    Is Fortrade Regulated?

    Yes, Fortrade is a well-regulated online trading platform. FCA, ASIC, CySEC, NBRB, and IIROC give licenses to the broker to provide trading services to the general public.

    Is Fortrade Good for Beginners?

    Beyond question, Fortrade is suitable for beginners.

    The broker shares beginner-friendly tutorials, video tutorials, and other informative items, including demo accounts that assist beginners a lot to get skilled hands at trading in no time.


    Open a Forex Trading Account Now! – Fill up the Form


      Learn everything about Forex Trading


       

      Leave a Reply

      Your email address will not be published.

      24 + 9 =

      Invest in Forex at Zero Brokerage Open Forex Account