Fortrade, an FCA regulated online broker, has been offering 24-hour trading services in hundreds of trading instruments, including Forex, commodities, stocks, indices, metals, energies, and ETFs, to over 10,000 private and institutional traders from across the globe.
Founded in 2013, the broker is focused on simple and accessible trading for all, providing user-friendly platforms, such as MetaTrader 4 platform and their very own Fortrader web, mobile, and desktop platforms. They provide clients with a vast selection of educational materials and market analysis tools while offering quality trading conditions with no commission on trades, competitive spreads, and good execution speeds.
Fortrade Review Introduction
In this Fortrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Fortrade.
Fortrade Platforms & Tools
Fortrade’s clients can choose between the popular MetaTrader 4 (MT4) trading platform and Fortrade’s very own platforms. Both platforms are available as desktop, web, and mobile trading terminals. MT4 is user-friendly and provides access to a range of trading instruments across different markets. It also supports custom indicators and automated trading strategies using expert advisors (EAs).
The Fortrader is the broker’s own trading platform with a user-friendly interface and many built-in technical indicators to aid market analysis and trading. The desktop application can be installed in Mac and Windows computers and allows users to trade over 150 forex currencies and CFDs, while the Fortrader web platform gives instant access to markets via web browsers. There are also mobile apps for iOS and Android devices to enable traders stay connected and manage their accounts on the go.
The broker also provides clients with a selection of useful trading tools, including the Trade Calculator, Currency Converter, and Trading Central.
Fortrade Research & Education
The broker has a free online trading academy with a range of useful educational resources for improving traders’ knowledge and skills. They include webinars, ebooks, trading courses, trading videos, video tutorials, trading strategy news, and market analysis.
Fortrade Trading Accounts
Fortrade offers a Demo Account and a real trading account. They do not charge a commission, so they mark up their spreads. The minimum deposit is $100. However, clients who qualify as professional traders can apply for a professional account. The professional account gives leverage of up to 1:200 instead of 1:30.
Fortrade Account Funding
Fortrade accepts a range of funding options, including all major credit/debit cards, bank transfers, and online payment processors like Neteller and Skrill. They do not charge currency conversion fees. The transaction processing time depends on the payment method the client opts for.
Fortrade Customer Service
Fortrade offers multilingual customer service 24/5 via online chat, telephone, and email. The live chat is prompt in answering questions about the broker’s product or services.
Fortrade Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Fort Securities LLC is authorized & regulated by the National Bank of the Republic of Belarus (NBRB) in Belarus. Fort Securities Australia PTY Ltd is licensed by the Australian Securities and Investments Commission (ASIC). Fortrade Canada Ltd is regulated by The Investments Industry Regulatory Organization of Canada (IIROC).
Fortrade Review Summary
Fortrade is a regulated online trading broker that offers a good range of trading instruments on flexible trading platforms. They provide clients with vast educational materials and useful trading tools.
It is worth mentioning that some of the trading products and services in this Fortrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Fortrade broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.