Fortrade Review – Trading Platforms, Commission, Leverage, Account Types & moreLast Updated Date: Dec 02, 2022
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 / CEO||Chris Warburton|
|Regulations||FCA, ASIC, CySEC, NBRB, IIROC|
Before we go deep into this Fortrade Review, let’s know about the broker in detail.
Fortrade 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.
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Fortrade Trading Platforms
|Trading Platform||Fortrader Platform, MT4|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English, 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
|Activtrades||CMC Markets||Eightcap||IFC Markets|
Fortrade Commission or Brokerage or Fees
|Commission on trades||Yes|
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
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
|Deposit||Bitcoin Payments, MoneyGram, Neteller, PayPal, Skrill, Visa|
|Withdraw||Bitcoin 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
|Supported Cryptocoins||BTC, DSH, LTC, ETH|
|Total Tradable Assets||300+|
|Number Of Currency Pairs||100+|
|Number Of Cryptocurrencies||5+|
|Number Of Stocks||NA|
|Number Of Indices||NA|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
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
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 Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||No|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||Yes|
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
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
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-
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.
The broker provides web trading and meta trader 4 facilities to the users so that each person could enjoy trading in their own style.
Technical indicators, currency converter, margin calculator, and other helpful tools are available for trader’s assistance.
So traders could hit a solid market analysis right from the beginning, charts and other helpful features have been provided.
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 Type||Retail Account||Professional Account|
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 Type||STP|
|Suitable for beginners||No|
|Suitable for professionals||No|
|Suitable for scalping||No|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||No|
|Suitable for swing trading||No|
Fortrade – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||No|
|Company Stock Review||Yes|
|Free Stock Tips||No|
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
- 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
|Support During Weekends||No|
|Live Chat Support||No|
|Customer Support Languages||English, 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. firstname.lastname@example.org
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 by Top10StockBroker
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.5 / 10|
|Products & Services||7.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.6/ 10|
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. email@example.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.
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