Fortrade (fortrade.com): broker review, rating and customer reviews

02.09.2022

Year of foundation

2013

Site

https://www.fortrade.com/

Software

MetaTrader 4, mobile application, Fortrade Platform

Payment systems

Neteller, PayPal, Skrill, Mastercard, Visa

Rating

6.1

  1. General Information
  2. Broker advantages
  3. Disadvantages
  4. Investment programs
  5. Affiliate Program
  6. Trading terms
  7. Commissions
  8. Types of accounts
  9. Bonus program
  10. Training Materials
  11. Security Guarantee
  12. Funds depositing and withdrawal
  13. Support service
  14. Review of personal cabinet
  15. Contacts
  16. Fortrade customer reviews

Fortrade is an international STP-broker with offices in London, Sydney and Cyprus. The company has an official license from the Australian financial regulator ASIC. The online broker has been working in the financial markets since 2013 and guarantees transparent rules of cooperation for investors. We have compiled a review about Fortrade with a detailed description of the company's financial and trading conditions.

📊 Assets

Currency pairs, indices, CFD, stocks, commodities

⚖️ Leverage

1:100

➕ Affiliate Program

Yes 

💰 Minimum deposit

$100

💳 Account currency

USD, EUR, GBP

💹 Spreads

From 2 points

💸 Brokerage accounts

Real, Islamic, Demo

🎁 Bonuses

No

📱 Mobile Platform

Yes

General Information

Fortrade provides loyal trading conditions for novice traders. The company offers only one real account. Nevertheless, investors with big trading turnovers as well as beginners with low initial capital can trade with the broker.

Fortrade Forex cooperates with traders from European countries. U.S. citizens may not become clients of the company, as the broker warns on his official website. Fortrade cooperates only with adult persons, so when registering you must provide copies of documents confirming your identity and age.

Fortrade Home Page

Broker advantages

  • Transparent terms and conditions of cooperation.
  • Official license.
  • Wide choice of currency, stock and commodities markets assets.

Disadvantages

  • The technical support service does not work on weekends.
  • The broker provides a small choice of ways to deposit and withdraw funds.
  • There are no cryptocurrencies in the list of available assets.

Investment programs

Fortrade's policy does not provide for investment programs. The company provides services for investors who prefer classic active trading. As an alternative to standard investment, traders can use the trading signal copying service built into the MetaTrader 4 trading platform. Fortrade broker is not related to this service, as this opportunity is provided by MetaQuotes, MT4 developer.

Affiliate Program

Fortrade offers several variants of affiliate programs. The classic referral program is designed for regular traders who want to be rewarded by the broker for attracting new clients. You can invite a friend or place a referral link in your social networks, blog, on your own website or other Internet sources.

The Introducing Broker Program is more suitable for legal entities that want to develop their own Forex business. Another option for companies wishing to partner with Fortrade is the White Label program. With this referral system, Fortrade provides clients with services to build a brokerage business from the ground up.

Trading terms

In order to start trading on a brokerage account, one must pass a verification process and make a deposit. After that, traders get access to the trading terminal and financial market assets. The company provides a limited number of trading platforms. Of the well-known terminals, MetaTrader 4, desktop and mobile versions are available to the broker's clients. You can also connect the proprietary Fortrade Platform.

Among the available investment instruments, Fortrade clients can choose from currency pairs, indices, CFDs and stocks. The broker also allows you to trade commodity exchange assets such as precious metals, energy and agricultural products. You can trade with leverage up to a maximum of 1:100 to increase your profit potential. Also, a broker may establish financial leverage limits within the range of 1:5 to 1:20 for certain asset classes. This measure allows the broker to decrease the risk of losing money for inexperienced investors.

Commissions

The broker Fortrade does not provide any information about deposit and withdrawal fees. Most likely, the company does not charge interest on such financial transactions. Probably, your bank or payment system sets deposit and withdrawal fees. Of the non-trading commissions, the broker has a fee for an inactive trading account. If you do not trade in an open account for 180 days or more, the company reserves the right to deduct a $10 commission from your investor account.

Of the trading commissions, Fortrade has swaps and spreads. The former are charged when open positions are rolled over to the next trading day. Islamic investors can open a no-swap account. Of the trading commissions the online broker also has a spread. This indicator at Fortrade starts at 2 pips.

Types of accounts

The company offers two types of accounts: real and demo. When opening the first one, you need to fund your account with a deposit of $100 or more. The only real Fortrade account offers flexible trading conditions, so it is suitable for traders with different skill levels in investing and trading volume.

Every registered client of the broker can connect a demo account. You do not need to make a real deposit to use a demo account. A demo account is automatically credited with $10,000. This is virtual money that can be used when trading on a demo account and cannot be converted into fiat currencies. There is no limit on the period of use of a demo account. You can activate it to try out the broker's trading conditions or practice a new trading strategy.

Bonus program

When analyzing the terms of cooperation with Fortrade, we did not find any detailed information on the broker's website. Perhaps the company provides bonuses on an individual basis. More detailed information about the bonus program can be obtained from the managers of the Forex broker. The main option of receiving passive income when cooperating with Fortrade is an affiliate program for attracting new clients.

Training Materials

Fortrade's educational program is presented in the form of author's training courses to teach trading from scratch. On the company's website, you can also find thematic articles, online books and video tutorials in the public domain. Beginner traders can take advantage of instructions on selecting a trading strategy. For experienced investors, the broker offers refresher courses.

In addition to educational materials, the online broker also provides analytical tools. In the educational section of the company's website, you can find information on morning and evening market analysis. Traders have access to daily reviews of popular assets and financial markets. A currency converter and economic calendar can be used in the trading process. The broker also provides online calculators to calculate interest margin, swap rates, and point value.

Security Guarantee

One of the strongest advantages of Fortrade is its official ASIC license. The company operates under the regulations of the financial regulators. Disputes arising between the broker and its clients are resolved with the participation of representatives of regulatory authorities.

Fortrade operates in accordance with its privacy policy. All traders' financial and personal data is encrypted and is not disclosed to third parties. Closed client databases are protected from hacking which guarantees investors' personal security.

Funds depositing and withdrawal

Depositing and withdrawing funds can be done through Neteller, PayPal, Skrill. You can use your Mastercard or Visa card, as well as transfer money through a bank. Usually withdrawal does not take more than 5 days. In some cases, it may take up to 15 days. For withdrawal you need to apply for withdrawal.

Support service

Our support desk is available 24 hours a day, 7 days a week to answer clients' queries. You can contact a manager by phone, email or online chat. The broker's website has a section with answers to the most popular traders' questions. The broker cooperates with investors from different regions and consults in several languages, including Russian and English.

Review of personal cabinet

To access your personal Fortrade account, you need to register on the company's website. All you need to do is to fill out the registration form and leave your contacts. After logging in to your trader's personal cabinet, verify your identity. After confirming your identity and age you will have access to the trading terminal and trading in real financial markets.

Fortrade registration window

In your personal cabinet you can set up your profile and change your password to log in to your personal account. In your profile you can find analytics and training materials from the Forex broker. Also, the personal cabinet makes it easy to manage financial operations, track transactions on depositing/withdrawing money, and check the balance of your trading account.

Contacts

Phone

+61 2 8324 6571

E-mail

[email protected]

Social media

https://www.facebook.com/ready.fortrade/, https://twitter.com/ready_for_trade, https://www.youtube.com/c/FortradeOnlineTrading

Fortrade customer reviews

We have analyzed Fortrade reviews and found out that traders are attracted to this broker by transparent terms and stable funds withdrawal. Traders attribute the advantages of the company under consideration to the presence of an official license and the ability to trade through the popular Metatrader 4 terminal. The disadvantages of the broker can include a small number of payment systems.

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