Fortrade Trading Account – Review, Types, Process, Benefits, Charges & more
A Trading Account can be a deciding factor on how much you will make from buying and selling activities in the ecosystem of trading.
Whether you will become a successful trader or not is primarily decided by the trading account you choose for trading.
Therefore, it’s worth considering a reliable and fully functional online trading account. In our research, we found the Fortrade trading account a great alternative to get started.
But should you give this trading platform a try or not? This review of Fortrade’s online trading account will help you out.
We have detailed everything about this trading account, from features and benefits to account charges, in this article.
Fortrade Trading Account and Benefits
Fortrade forex broker predominantly focuses on providing a new and easy way to start trading online.
Hence, you can find almost every essential tool and feature inside a Fortrade trading account.
It can be the best choice for both beginners and professionals because the broker provides every trading facility in one place.
You can access 200+ commission-free products on this fast and fully secured trading platform.
The broker has been licensed by ASIC, FCA, CySEC, CIPF, including other top-tier regulators in different nations.
Hence, you can feel totally safe about your investment and portfolio in a trading account at Fortrade.
This online trading platform comes with hefty earning potential because you are exposed to powerful trading features and risk-management tools.
After all, the broker provides you trading facilities via MetaTrader 4 forex trading platform.
In addition, you can also trade CFDs on multiple assets using a Fortrade Online CFD trading account.
And the remarkable thing is, the Fortrade trading account is available for both smartphone and mobile users.
Fill up the Form – Open Forex Trading Account Now!
Find Trading Account Services of other Forex Brokers
|Admiral Markets Trading Account||Avatrade Trading Account||Binary.com Trading Account|
|Alpari Trading Account||AXI Trading Account||Binarycent Trading Account|
|ATFX Trading Account||Ayondo Trading Account|
Fortrade Trading Account Charges
|Trading Account Charges|
|Account Type||Retail Account||Professional Account|
Charges are an ever-asked topic when it comes to selecting a trading account.
It can be due to a reason because most brokers charge high prices for their trading services.
Thus, knowing the types of charges on a Fortrade trading account becomes essential.
The broker tries to stay clear and transparent with its users and doesn’t want to hide any information related to charges.
To simply put, the broker requests you to submit a $500 minimum deposit amount, although you can log in to the trading account with a mere $100 only.
In addition, the broker generates income for itself from bid/ask spreads on each product. However, the ratio can vary.
It depends upon the asset you are planning to trade. For a detailed insight into spreads, traders can visit Fortrade’s official website.
However, some uncertain charges and penalties are also levied, which depends upon what trading rules you break or which things you forget to consider.
For example – the broker charges overnight fees, dormancy fees.
Types of Fortrade Trading Account
|Types of Trading Account|
|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|
If you want to experience Fortrade online trading, consider noting the trading account types and platforms before getting started.
The broker only offers two kinds of trading accounts in the mainstream – the real and the demo account.
You can choose a demo account for practice purposes that comes with virtual currency.
The demo account gives you a realistic-looking simulation of the real trading environment, which is remarkable.
Before moving to a real account, it’s worth noticing that you will be needed to submit the minimum deposit amount as stated above.
Also, a real trading account can be accessed via MT4, WebTrader4, android app, and iOS app too.
The broker makes trading more manageable by providing you trading account facility on all devices you mainly use to buy and sell assets online.
You can trade any time, anywhere with peace of mind. The safety and reliability of the Fortrade trading platform are already checked because top-tier regulators license the broker.
Still, if you encounter any issue in trading services by Fortrade, contact the customer support team.
But please note that customer representatives are available to assist you five days a week and 24 hours a day only. So make sure you don’t run into any problems on off days.
Fortrade Account Opening and Trading Process
If you are also satisfied with the benefits and overall usability of the Fortrade trading platform, let’s have a look at the Fortrade trading account opening process.
- For account opening, we will be following a standard criterion that is as follows.
- Enter your log-in details, e.g., Email address and password, to become a registered user at Fortrade.
- Once you successfully register yourself, log in. Then, find the ‘guide menu’ in the top right corner of the screen.
- By clicking on ‘Guide Menu,’ you walk through the steps necessary for account opening, especially how to get started with forex and CFD trading.
- But before you start, please note that you will be needed to submit EKYC documents.
Once you have created an account, choose the desired trading platform such as MT4 or a Web-based trading platform.
Explore the range of assets available for trading. Don’t leave even a single segment unmarked from your observation.
In addition, you can also take help from a demo account if you are a beginner.
The demo account is the practical explanation of the entire service, features, and trading facilities that Fortrade provides.
However, there’s nothing too complex when it comes to trading.
If you have learned the suggestion that the Fortrade detailed guide provides you, you are already sorted.
Find the best-performing asset and launch your buying and selling activities on the move.
Find Different Trading Account Types of Forex Brokers
|Bitmex Trading Account||Dukascopy Trading Account||Binomo Trading Account|
|Degiro Trading Account||Easymarkets Trading Account||Finq.com Trading Account|
|Deriv.com Trading Account||eToro Trading Account||Forex.com Trading Account|
Fortrade Trading Account – Features
|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|
Now that we have found many great things about Fortrade online trading, it’s time to catch a glimpse of the features that make Fortrade a powerful and all-in-one solution for modern traders.
Trading tools and Charts
Day traders, swing traders, no matter what kind of trader you are, the trading account is loaded with every essential tool and feature you need to conduct market analysis.
Limit Order, Negative Balance Protection, and Stop Loss- everything is available in the trading account.
The broker offers everything above your expectation inside its trading account, which is a remarkable thing.
So that you never lose out on your trading activities, the broker offers you a cross-platform facility.
This states that you can find trading features and tools on the desktop available on mobile devices.
You can also review your portfolio on any device you are currently using.
Multiple Payment Methods
To ensure you don’t face any issues related to the transaction, the broker provides multiple payment modes.
To simply put, this includes debit card/credit card and net banking, etc.
Friendly client support is another excellent feature of the Fortrade trading platform. Except for Saturdays or Sundays, client support is available all day.
Check out Online Trading Services of FOREX Brokers
|FP Markets Trading Account||FXPro Trading Account||HYCM Trading Account|
|Fusion Markets Trading Account||FXTM Trading Account||IC Markets Trading Account|
|FXOpen Trading Account||Go Markets Trading Account||iForex Trading Account|
Fortrade Trading Account – Conclusion
Fortrade trading account is gaining traction predominantly for its multi-trading platforms accessibility and trading features.
The broker allows you to trade via MT4 and a web-based trading platform.
In addition, educational sources and the demo account are also available so that you could feel yourself up on the trading skills by all means.
Indicators, charts, risk-management tools, every necessary trading facility is available on-screen.
So make sure you don’t leave unnoticed even a single facility that the broker provides.
Charges on trade and spreads have also been mentioned in this review of the Fortrade Trading account. To get more details, visit the broker’s official website.
Fortrade Online Trading – FAQs
Here is the list of FAQs related to the Fotrade online trading account:
Does Fortrade Provide Online Trading?
Yes, Fortrade provides online trading services to its clients worldwide. Users can trade hundreds of assets through this single online trading platform.
From stock, forex to CFDs on numerous assets, you can trade any asset for any price at the Fortrade Trading account.
What Are The Commission Charges In Fortrade?
Commission charges in Fortrade vary. It is mainly due to the reason because the broker doesn’t charge direct commission but generates an income for itself from spreads.
In addition, penalties and charges are also levied on the trading account, so make sure you don’t leave them unnoticed before dipping toes in.
Does Fortrade provide Demo Account for Trading?
Yes, Fortrade provides a demo account for trading in addition to its real trading account.
The demo account comes with virtual currency and other artificial features that build a realistic simulation of trading.
You can learn how an asset is found, traded, and strategies are executed using this virtual trading account.
Is Trading Free at Fortrade?
Fortrade doesn’t charge commission on trade, but it earns from bid/ask spreads.
In addition, the broker also charges overnight fees and other fees as a penalty. Hence, trading isn’t utterly free at Fortrade.
You don’t get the entire profit in your bank account since fees and commissions are deducted.
Does Fortrade Provide Spot Metals Trading?
Yes, Fortrade allows you to trade any precious metals that you find more profitable for your trading activities.
Simply log in to your trading account, navigate through the available assets and find metals.
Before you invest, consider carrying out technical analysis using indicators and charts provided by the broker in the extensive range.
What Are Spot Metals Trading Charges At Fortrade?
Charges for each asset vary at the Fortrade trading platform.
Though the broker doesn’t charge any amount directly from a trader on trading activity, the broker still gets commissions from spreads.
More details on Spreads are available on the broker’s official website.
Does Fortrade Provide Stock Trading?
Yes, Fortrade provides stock trading. Traders can also trade Stock CFDs and access leverage facilities.
The broker offers stocks of famous companies, and you can pick any best one that you find highly profitable.
For this, you can also take help from trading tools and analysis features.
Is Fortrade Safe For Trading?
No wonder, Fortrade is one of the safest online trading platforms for buying and selling assets online. Top-tier regulators license the broker across different nations.
Thousands of users are already using Fortrade, and the numbers are expected to rise more.
Does Fortrade Provide Trading Tips?
Yes, Fortrade provides trading tips. But it’s worth noting that the broker offers no tips or assistance during live trading services.
Tools and trading features for technical and fundamental analysis are provided, and you can learn the usage of each separately.
Fill up the Form – Open Forex Trading Account Now!
Most Read Articles
|Forex Trading – Know Everything|
|Forex Broker – Know Everything|
|Why Trade in Forex?|
|How to Trade Forex?|
|Forex Trading Strategies|
|Forex Trading Tips|
|Become a Successful Forex Trader|
|Best Forex App|
|Top Forex Broker|
|Best Forex Trading Books|