Fortrade Review 2020 Is Fortrade Broker Scam or Legitimate

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Contents

Fortrade Review: Scam or Legit – Read Before Trading Review

Fortrade is another one of the most popular brokerage firms available for automated trading online. It claims that it was started to provide a hassle-free trading environment for experienced as well as new traders.

If you are an experienced trader, then you must know that whenever you trade online, you have to register yourself first. After registration, you are matched with the broker that lies in your region based on your country of residence. This broker places the deals which come out to be profitable and help you in creating more money from the initial capital that you deposited.

If you are in the trading business, then you must have also heard about the frauds that take place here frequently. We want to tell you that all these frauds are played by brokers who pretend that they are regulated. Indeed they are not regulated, and because you have not researched well, you lose the money that you transferred in their accounts in the form of the initial capital.

Brokers that do not work under strict conditions and are not affiliated with known organisations tend to make millions of dollars only by stealing innocent traders money. If you save a lot of money for automated online trading and someone takes it away without any profit creation, then it would be a huge mishap. This is why a reliable and trustworthy broker is very significant.

Fortrade has clients across the globe except for some selected ones. Fortrade operates on 15 different languages that make it accept the diversification bringing a lot of customers to use it.

Fortrade is based in the UK and is one amongst the derivatives brokerage firm that provides all of its customers with a brilliant platform for Contracts for Difference and trading forex. CFDs enables all its traders to venture on the price of the asset with absolutely no ownership of the accounts in it.

Now that you know the significance of a reliable broker, let’s move on to the broker that we are going to discuss in this article. We are assuming that you looked for Fortrade, which is also one of the most popular brokers available. We have created a comprehensive fortrade review for you to follow so that you do not face any problems while investing at this brokerage firm. So make sure you give this whole article a careful read!

Are you ready to learn more about Fortrade? If yes scroll over!

Table of Contents

What is Fortrade?

Fortrade is a brokerage firm that was established in 2020. With a relatively recent establishment, this brokerage firm has become a hugely popular option for people who trade in forex as well as for cryptocurrencies. This CFD broker claims that its mission is to provide the globally-based clients with a user-friendly trading environment, which is suitable for both advanced and learning traders.

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Now that the automated cryptocurrency, also stock trading platforms, has gained so much of importance reliable and trustworthy brokers are hard to find. But this particular brokerage firm has proved its self by providing all the services that it claims to its users. It also strives to operate all its functions by providing transparent services. Moreover, it trades in a diversity of assets.

Fortrade particularly stresses on the user-friendliness of the technology. It tries to offer a scalable platform and has more regulations imposed by the top international regulatory bodies that go by the name of the Financial Conduct Authority. It has the majority of strength. Traders always look forward to a potent broker that regulates across seas in the European Union. It also offers access to the CFDs residing across several significant assets of the classes that are willing to investigate more offerings at Fortrade. You should remember that trading CFDs revelations traders that have a lot possibility of losses. Other than that, Fortrade does not allow its users to lose that gets more than invested in Fortrade account, CFD is solely for experienced traders.

But there is a difference between this software and the rest of the available brokerage firms. Once you navigate to the official website of Fortrade, you will be finding a lot of information that might look a little intimidating. But that is only because this software focuses on market analysis as well and as such a whole lot of data can be found on the homepage.

Is Fortrade a scam?

This is one of the most deciding questions of why readers navigate to review websites. But at a lot of different sites, you will find biased opinions. This is because some competitive brokers might have put wrong reviews about this software. But in this case, we are going to provide you with an unbiased opinion based on real-time testing as well as individual user reviews.

You will be exultant to know that this brokerage firm is undoubtedly not a scam, and it is 100% legitimate broker to place your automated trading deals through. It is very well regulated and operates under strict conditions. As such, your money is safe with them. And you do not need to worry about consistent losses that people usually face in case their brokers are not legitimate

Fortrade also offers its customers CFD trading that crosses over 300 instruments that are solely grouped in nine categories, namely: precious metals, index CFDs, energy products, US Treasuries, forex, ETFs, stock CFDs, cryptocurrencies, agricultural products.

We tend to believe that Fortrade is exceptionally trustworthy as it is registered with the topmost leading international regulatory bodies. The Financial Conduct Authority (FCA) regulates the firm in the UK. The markets in Financial Directive enables the company to operate as a regulated element all over the European Union. The clients of Fortrade take a lot of comfort in the fact and figure that each broker has a financial statement that needs auditing. This auditing is done by Fisher Sassoon and Marks, which is one of the most prominent financial services that have accounting firms.

Fortrade offers a variety of a said that you could trade. Moreover, there are a lot of great features and tools that we will be observing in this article as well. Thus we can confirm that this platform will certainly won’t produce because it is a legitimate one. It can be compared to one of the best software is available for automated trading. Don’t forget to read the entire article for a good quality discussion.

Is Fortrade well regulated?

You should make sure that whenever you sign up for an automated trading platform to look forward and research a lot about the broker that you are matched with. The most important question that comes with a broker is that of its regulations. Regulations are an essential aspect as it makes the brokerage firm to work under strict conditions and make sure that everything happens in the interests of the client.

We are delighted to tell you that this brokerage firm is very well regulated and as such your money is safe with them. It complies with United Kingdom’s Financial Conduct Authority, Australian Securities and Investment Commission as well as the National Bank of the Republic of Belarus. All these authorities provide certainly conditions under which the firm has to work.

Also, Fortrade traders are given a choice to choose between the brokers proprietary platform and amongst the most popular platform named as MetaTrader4 (MT4). Both are usually available through a desktop, mobile interface and web-based. Traders are made available 300 financial assets and are given leverage going up to 1 to 200 on forex pairs and 1 to 50 on the commodity and index CFDs.

The most crucial aspect of regulations on a particular broker is that the money that you transfer or deposit is kept in a segregated account. As such, the firm cannot use it for its purposes or for stealing away any amount. In such a case, you will be focusing on creating a profit and placing a deal which offers the best win rate for the user. We can conclude that a reliable broker makes every automated platform safe.

Features:

Asset types:

This platform gives its client a wide variety of assets that are traded. It provides it users currencies, stocks, energy products, agricultural products and precious metals and treasuries etc. But there exists a significant let down that comes in the trade of cryptocurrencies. The cannabis stock is also becoming quite famous as a commodity trader, and the option is also not available at Fortrade.

Mobile trading:

The other crucial feature related to the brokerage firm that is trending as a free trading option. The mobile app is easily installed and downloaded from the Apple App Store or Google Play Store. Hence it is a lot easier to trade, and you do not have to handle the burden of carrying a laptop almost regularly. You can do the same with the mobile phone. This software is accessible from iPad and other tablets as well.

Education:

This software gives the highest priority. This is because it emits a lot of knowledge material so that you can read it from here no matter whatever kind of trader you are. Here you also get full availability of different trading sort of things including guides for trading, trading webinars, trading courses and even eBooks etc. If you are fresh to this app, then you can surely look after checking all of these options thoroughly.

Fortrade Account types:

you will be delighted to know that there are no separate account types on this particular platform. You only have to create one account, and as such, there are no special privileges for people who deposit more or less money as such. This creates equality and amongst experienced as well as newcomers in terms of the services that are provided.

Minimum deposit:

There exists a lot of software that have minimum deposit requirements. The minimum deposit is as high as a thousand dollars. It is not beneficial for a newcomer to invest, but there is a benefit for them. In this platform, the minimum deposit is quite less, that is up to $100. It is recommended to invest Minimum amount of deposit firstly and analyse it yourself first. Unlike other platforms that have an ideal amount of $500.

Deposits and withdrawals:

in terms of withdrawals, this platform is a letdown. It was observed that the withdrawal amount was processed in two weeks even though the capital was paid via a credit card. Although it was mentioned at the website that five days would be taken for the withdrawal to be processed two weeks is a very long time.

Registration:

It is another crucial feature of any brokerage firm. Registration to this platform takes place amazingly fast and hassle-free, although you do not need to identify documents and verify yourself.

Demo trading:

All the genuine brokers, including all the electronic cryptocurrency trading platforms, give us an option for all its users to trade online. This is a seamless experience. This option lessens the number of unnecessary losses that any customer faces. Even though they do not know how to trade prior. On all the platforms investing zero money is applicable on this app Fortrade.

Customer Support:

We want you to have a hassle-free experience, and even after viewing this article, you have any queries. You do not have to worry at all. It has an excellent customer care service that is available on this platform. Whenever you feel any trouble, you can submit a form regarding your questions, comments and concerns to the specific staff. This can be done via phone, email or messaging and even by live chat. Isn’t that cool?

How Do I register myself on Fortrade?

Because this platform is regulated by financial conduct authority, every new individual has to provide some identity documents to verify themselves. You will be asked for a colour copy of your passport or any other ID as well as a utility bill or bank statement. You will also be asked to answer a few compliant questions. This should not bother you because it only enhances safety

To successfully register yourself at this platform, navigate to its official website first. Then look for the registration option and enter your details carefully. You will be required to enter the suitable account type, your country of residence, your email address as well as a strong password. Also, keep all the documents mentioned above handy to fasten the process of registration.

How do I begin trading with Fortrade?

If you are accessing this brokerage firm through a trading platform, then you do not need to register separately on this brokerage firm. But if you want to trade individually, then you will have to do so by depositing some initial capital. Do not worry as this process is very safe, and a variety of payment methods are available. The ways that you can use our debit cards, Neteller, Bank Transfer, Skrill, etc.

You will be happy to know that if you have any profits in your account. Then you can make a withdrawal whose request can be processed in about two weeks. This is not a great feature because not a lot of brokerage firms provide such an extended amount of time while processing withdrawals. It can take as long as 1 to 2 days at other platforms, which is an enjoyable time.

Trading is super simple at this platform. You can opt for a free account at the demo mode option. In the demo mode, you will be awarding yourself of all the possibilities that will occur at live trading. After that is done, you might switch onto the MT4 platform. This trader platform can be accessed through whichever device you are comfortable with including your mobile as well.

Pros / Cons
  • It is a well-delimited, brokerage firm.
  • The withdrawals and payouts are handled very carefully.
  • It is unquestionably not a fraud.
  • It is one of the most productive brokerage firms.
  • One can trade over many options here.
  • It doesn’t deal with cryptocurrency as well as Cannabis.
  • It only has one account option.
  • Withdrawals take a long time to process.

Conclusion:

There are a lot of features that reside in this software. It offers you a seamless experience that makes you undoubtedly go for it. There are ample of ways and features which makes this app user-friendly to use for anyone who makes an account on this platform. It has embedded excellent choice for people that are looking for an automated trading platform. Also, it has assets like stocks, indices, currencies and commodities that can be traded.

Hence, we still have firm support for the fact that all the new users should stick to the minimum amount that is possible for making deposits. This tends to keep them safe from all the irrelevant losses that one can face if any trade goes wrong. If you’ve any questions regarding our fortrade review, comment below.

✅ Is Fortrade a scam?

No, it is a hundred per cent legitimate.

✅ When are withdrawals processed on Fortrade?

It takes two weeks to process your withdrawals.

✅ Is registration a stressful affair at Fortrade?

No, it is effortless.

✅ Do you really get a Free €10,000 practice account?

Fortrade Review 2020 – Is This Broker Legit or a Scam?

Fortrade Reviews – Will This Broker Meet Your Trading Needs?

In order to trade online, you need to partner with a broker that will provide you with direct access to a trading platform. Today, the market has thousands of brokers available, all offering a wide range of services, features and trading tools. There are also those brokers that are simply set up in order to scam people out of their hard earned cash, so it is vital for you to do your homework before signing up with a broker. In addition, it is recommended to fully understand the type of trader you are and your trading needs and, in this way, you will be able to partner with a broker that will provide all the features and tools that you will require to achieve your trading goals.

With this in mind, today we are going to be reviewing Fortrade, a forex and CFDs broker that was established in 2020. Based in the United Kingdom, Fortrade’s mission is to provide their global clients with a user-friendly trading environment that caters to both new and advanced traders. They also strive to operate with integrity and transparency and to provide their traders with access to a wide range of assets to trade.

So, let us take a look if Fortrade lives up to their mission.

First Impressions

From the moment we entered the Fortrade website, we were a little bit overwhelmed! As you scroll down the page, you are bombarded with a lot of information and it took us quite a lot of time to make sense of all the little paragraphs of information. In comparison, you can take a look at Pepperstone or even EuropeFX and you will immediately see that these sites that are a lot more organized and easier to navigate. Fortrade seems to place a lot of emphasis on market analysis and this information can be found all over the site. While this is not necessarily a bad feature, for some traders, especially new ones, this could be overwhelming.

Despite this, Fortrade seems to offer a variety of services that will enable a trader to trade a wide range of assets. Let us dig a little deeper.

Fortrade Regulation

Signing up with a regulated broker is a necessity today and it ensures the safety of your personal and financial information. Fortrade is regulated by three financial regulatory agencies, which include the UK’s Financial Conduct Authority (FCA) under registration number FRN: 609970, the National Bank of the Republic of Belarus (NBRB) as well as the Australian Securities and Investments Commission (ASIC), under the registration number AFSL number: 493520.

REGISTER NOW WITH REGULATED BROKER

A core benefit of a regulated broker is that the regulatory agencies help to ensure that Fortrade operates within their strict regulatory guidelines and with transparency. In addition, Fortrade is required to maintain their clients’ funds in segregated bank accounts and to undergo regular audits by an independent third party. In addition, the traders at Fortrade are also protected under the Financial Services Compensation Scheme (FSCS). This means that should the broker face insolvency issues; a trader is then able to file a claim for compensation under the FSCS for a maximum amount of £50,000.

We definitely give Fortrade a star for their regulation but just to put it into perspective, there are many other brokers in the industry that are also regulated and provide a secure and transparent environment, such as EuropeFX, iTrader, 24Option and Pepperstone brokers. What we are saying is that you need to evaluate other features and services of a broker as well, since regulation is quickly becoming the norm in the industry.

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Trading Platform

One of the most important features offered by any broker is the trading platform. It is from here that you will make your trades, so if the platform is very complicated and hard to understand, the broker is of no value to you.

Fortrade offers two main types of trading platforms, which include their in-house Fortrader platforms as well as MetaTrader 4 (MT4) trading platforms.

Fortrader Platforms

These platforms are available as web-based, on mobile or as a desktop client and they come with live price feeds, comprehensive price charts as well as a choice of trading indicators. From the web-based version of the Fortrader platform, you can access the platform with any compatible web browser and you do not need to download or install any software. While it is innovative that Fortrade has their own in-house platform, the fact is, most traders are used to using the more popular platforms, such as MetaTrader or WebTrader, as available at EuropeFX. Based on this, there is a learning curve when you trade with the Fortrader platforms.

MetaTrader 4 Platforms (MT4)

MetaTrader is the world’s most popular trading platform and most brokers in the industry offer this platform. The platform is highly customizable and it also has an advanced charting package with a wide choice of indicators. A popular feature of MT4 is that the platform supports automated trading with the use of Expert Advisors (EAs). On the Fortrade website, MT4 is available as a desktop client and as a web trader. In comparison, brokers such as Pepperstone also offer the latest MetaTrader platform, MT5.

Fortrade Mobile Trading

A great feature that Fortrade offers is mobile trading. This caters to the ever-increasing smartphone equipped trading community and their clients are able to access the MT4 and Fortrader platforms while on the go. In the same way that you can download the trading apps of other brokers, such as EuropeFX, you can download the Fortrade mobile trading apps free of charge at the Google Play Store and the Apple App Store.

Which Assets Can You Trade?

Fortrade offers a wide range of assets to trade. These include currencies, indices, stocks, precious metals, energy products, agriculture products, US treasuries and ETFs. While Fortrade does offer a big range of assets, they lack in cryptocurrency trading. For example, if you visit the Golden Markets site, you will see that they offer a number of cryptocurrencies to trade, including on Bitcoin, Bitcoin Cash, Dash, Ethereum, Golem, Monero, Ripple and Zcash. While this doesn’t mean that Fortrade is not a good broker, it simply means that if you prefer trading cryptos, you should review other broker sites, such as Golden Markets and even Pepperstone.

LEARN MORE ABOUT GOLDEN MARKETS

Cannabis stocks are also becoming a popular asset to trade and while Fortrade does not offer access to trading these stocks, brokers such as EuropeFX do. They offer access to trade GW Pharmaceuticals, AbbieVIe Inc., Insys Therapeutics Inc. and many more. What this means is that if these types of stocks are your preferred asset, maybe take the time to review the assets lists of the different brokers before you partner with a broker.

Account Types

The fact is, no two traders are the same and therefore, sometimes a trading account should be tailored to meet the different needs of different traders. Fortrade only offers one account type. Unfortunately, there is no information on the site as to what features are included in their account. In addition, while the minimum deposit requirement to open an account at Fortrade is just $100, the broker recommends that you deposit a minimum of $500. This is a lot of money, especially for a beginner trader. They also offer a swap free Islamic account to cater for their Muslim clients and no interest is imposed on overnight positions on this account type.

Now, in comparison, brokers such as Pepperstone and EuropeFX, offer a wide choice of account types and this is an excellent feature, as it caters to both new and advanced traders. These brokers also offer a professional account type for those traders who trade large volumes. The benefit here is that they get better leverage on their trades as well as many other perks.

We are not saying that Fortrade is inferior as a result of only offering one account type. Instead, what we are saying is that if you require specific features, it would make more sense to sign up with a broker that offers a trading account type that matches your needs.

Fortrade – Do They Offer a Demo Trading Account?

Fortrade does offer a demo trading account which is a big benefit since their trading platform is unique to this broker only. This gives traders the opportunity to test the platform before they commit to trade with real money. While this is a great feature, remember that many brokers, such as Pepperstone and EuropeFX, also offer demo trading accounts. Our suggestion is to take the time to learn more about the different brokers, test the platforms and then make your decision as to which broker you would like to partner with.

Banking Options

Your personal and financial information is sensitive and as such, it should always be protected by your broker. In addition, you need to be able to deposit and withdraw funds to and from your trading account with ease. Fortrade offers a choice of deposit options including credit cards, debit cards, bank transfers, Neteller and Skrill.

In terms of withdrawals, we were quite surprised that it took over two weeks for us to receive our funds, even though we had paid via a credit card. To be fair though, it does state on the Fortrade website that it can take up to 5 business days for a bank wire transfer to reach your account, while it takes up to 15 days for a credit or debit card withdrawal to reach your account. In comparison, when we requested a withdrawal from Pepperstone, the funds were reflecting in our credit card within 48 hours.

Remember that if it is important to you that you can access your trading capital or profits quickly, we recommend using a broker that processes withdrawal requests quickly.

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Educational Resources

An important part of trading successfully is education so if your broker offers educational resources, it is a big plus. Fortrade offers a wide choice of trading resources including eBooks, webinars, trading courses, trading videos, advanced trading courses, access to trading strategies, trading from A to Z and much more. They also have an extensive market analysis section and they release morning and evening market analysis daily. There is also a weekly analysis section as well as a micro-analysis section which focuses on the fundamental and technical analysis of an asset. While analysis is an important part of trading successfully, we felt that a lot of this analysis was above our understanding and more suited to advanced traders.

Fortrade also offers access to Trading Central, which is a leading provider of real-time, comprehensive research and analysis. The technical analysis that is provided is based on information collected from a number of investment banks and asset managers. This is an added layer of technical analysis, which again will assist a trader to make better and more efficient trading decisions.

While the selection of trading materials available at Fortrade sounds impressive, we want to bring to your attention that most brokers today offer a wide choice of interesting and informative trading resources. For example, Pepperstone has an excellent section on their site that will help anyone learn how to trade forex. They also have a wide choice of trading guides which cover a wide range of very interesting topics, such as building a trading plan, how to trade CFDs, understanding trading psychology, the first rule of forex trading and much more. Also, brokers such as EuropeFX have an excellent trading blog that gives you the opportunity to read about a variety of topics, such as cryptocurrencies, stocks, commodities and much more. This is an excellent way to stay updated as to what is happening in the financial markets globally.

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Final Words – Is Fortrade a Scam or a Legit Broker?

Fortrade is definitely not a scam broker. They are a legit broker that is regulated by well-known and well-respected global regulatory bodies. They offer a choice of trading platforms, a wide range of assets to trade as well as access to a comprehensive education center. Their customer support is also very good and when we called, the support agent was helpful.

While we acknowledge that Fortrade offers a choice of different services, features and tools, as we saw during the review, there are many other brokers that offer different, and in some cases, better features and tools, such as in the case of Pepperstone, EuropeFX and Golden Markets. Take the time to investigate each broker and then select one based on your trading preferences and your trading goals. Once you are ready, signup and step into the trading arena and make your trade.

ForTrade Review 2020

ForTrade Guide

ForTrade are an online broker founded in 1992 offering Forex trading, and CFDs trading.

ForTrade are a global broker and have a head office in UK.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ForTrade we break down the pros and cons. What ForTrade are able to offer, what countries ForTrade are available in. Who ForTrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with ForTrade

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to ForTrade

With this review we hope to help you see if ForTrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ForTrade that will help you get off to a good start in the world of online trading.

ForTrade Review Table of Contents

ForTrade what you should know

ForTrade offer two ways to trade: Forex, CFDs.

With ForTrade you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with ForTrade platform.

ForTrade are able to accommodate various levels of traders whether you are experienced or a beginner.

Are ForTrade safe?

When choosing a broker like ForTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1992, and in operation for 28 years ForTrade have a head office in UK.

ForTrade is regulated. This means ForTrade are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForTrade, this will be honored. If ForTrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to ForTrade accounts by traders are held in a segregated bank account.

For added security ForTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with ForTrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker ForTrade eToro XTB IC Markets
Year Established 1992 2006 2002 2007
Head Office UK Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

ForTrade Pros and Cons

What we like about ForTrade

  • Used by over 10,000 traders
  • Established in 1992
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $1

What we don’t like about ForTrade

  • Not CySEC Regulated (See alternatives)

ForTrade Financial Regulation and Supervision in more detail

We have checked and ForTrade is regulated and supervised by reputable organisations. You are able to check every ForTrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ForTrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ForTrade traders and provide a safe trading environment.

ForTrade is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ForTrade you should be sure they’re legitimate online agent.

ForTrade Awards

ForTrade have won numerious industry awards over the 28 years they have been operating as a financial broker. We list the most notible awards and mentions for ForTrade below.

  • Successfully trebled their revenue from 2020 to 2020. Reached £16 million turnover for 2020

ForTrade General Fees

  • ForTrade doesn’t charge withdrawal fees
  • ForTrade does charge inactivity fees
  • ForTrade does charge deposit fees
Broker ForTrade eToro XTB IC Markets
Min Deposit 1 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No Varies
CFD Commission Fees No Yes Yes

ForTrade Commissions

  • ForTrade does charge commission on CFD instruments.

What can you trade with ForTrade?

You can trade a wide variety of instruments with ForTrade over 100 instruments infact.

If you are looking at trading currency pairs ForTrade offer over 70 currency pairs.

Compare ForTrade with eToro and XTB below.

Broker ForTrade eToro XTB IC Markets
Instruments Available 100 100 1,500 232
Platforms MT4, Binary, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 70 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Commodities Offered 0 0 21 19
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Stocks Offered 190 957 1696 100
UK Shares Yes Yes No
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes

Trading on ForTrade web platforms and other applications

ForTrade offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

ForTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

ForTrade Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

ForTrade Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • STP account
  • Islamic account

Can I try ForTrade before I buy?

ForTrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

ForTrade withdrawl and funding methods.

ForTrade offer the below funding payment methods. learn more about ForTrade

  • Credit cards
  • Bank Transfer
  • PayPal
  • Payoneer
  • Neteller
Broker ForTrade eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with ForTrade?

When opening a trading account with ForTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForTrade trading platforms here.

Performing trades with ForTrade

ForTrade allow you to execute a minimum of trade of . This may vary depending on the account you open. ForTrade allow you to execute a maxium trade of . As ForTrade offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, ForTrade are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

ForTrade also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, and much more. You can see all of the account features offered by ForTrade here.

ForTrade Leverage and ForTrade CFDs Explained

let’s take a look at some of the basics of using ForTrade leverage.

ForTrade offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ForTrade leverage magnifies both profits and losses when trading.

Let’s say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ForTrade trading platform.

let’s say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It’s grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ForTrade leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ForTrade CFDs are typically used for short to medium term trades. For example ForTrade intraday trading.

Limiting Your Risk When Trading with ForTrade Negative Balance Protection

We should say something about negative balance protection with ForTrade. When trading using leverage an adverse move could result in losing more than your trading account balance at ForTrade. Your ForTrade account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with ForTrade Stop Loss, ForTrade Stop Limit Orders

A stop-loss order is an order placed with a broker like ForTrade to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at ForTrade

To trade effectively with ForTrade, it’s important to get a have a good understanding of the ForTrade trading tools and the markets.

ForTrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ForTrade.

Take time to look around the ForTrade platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.

Customer Support at ForTrade

ForTrade support a limited number including

ForTrade have a double AA grade support rating because ForTrade offer live chat and email support in multiple languages.

Livechat Support at ForTrade

We tested the ForTrade live chat and it works well. We sent messages to ForTrade livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with ForTrade support in multiple languages in multiple countries. ForTrade where able to quickly resolve our customer issues.

Email Support at ForTrade

We sent several emails to ForTrade and answer times overall were excellent. The fastest response from ForTrade was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with ForTrade, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from ForTrade.

Phone Support at ForTrade

We called ForTrade and the call was answered very quickly. The call was answered in less than 5 minutes.

The ForTrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ForTrade team by calling in varying languages. ForTrade made an effort to make sure our queries were answered.

Overall great phone support from ForTrade.

See how ForTrade Support Compares Against Other Brokers

Broker ForTrade eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

What you will need to open an account with ForTrade

As ForTrade is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ForTrade’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ForTrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.fortrade.com/ on 12th August 2020.

Watch this ForTrade Informational Video

Is ForTrade A Good Broker?

We spent over 3 months examining ForTrade in depth. Although we found some very useful aspects of the ForTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative ForTrade broker.

  • ForTrade have a good track record of offering Forex, CFDs.
  • ForTrade has a history of over 28 years.
  • ForTrade has a reasonable sized customer support of at least 10.
  • ForTrade are regulated by Financial Conduct Authority (FCA). This means ForTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ForTrade have regulation from a Tier 1 reputable country.
  • ForTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ForTrade have an international presence in multiple countries. This includes local ForTrade seminars and training.
  • ForTrade are able to hire people from various locations in the world who can better communicate in your local language.

ForTrade Risk Disclaimer

Your capital is at risk

ForTrade not quite right?

Check out these ForTrade Alternatives

We have spent years researching the best alternatives to ForTrade. Click the links below to learn more.

If you feel some of the above ForTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ForTrade alternatives below.

If you would like to see how ForTrade stands up against other brokers you can read some of our ForTrade comparisons below. We compare side by side some of our top rated ForTrade versus comparisons. Read some indepth ForTrade VS pages below.

FORTRADE Frequently Asked Questions

Can I try ForTrade before I buy?

ForTrade offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ForTrade accept?

ForTrade offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Is ForTrade safe?

ForTrade are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to ForTrade accounts by traders are held in a segregated bank account. For added security ForTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is ForTrade trading good?

ForTrade is considered good and reputable to trade with. ForTradeForTrade is used by over ForTrade active traders. ForTrade offers Forex trading, and CFDs trading. Minimum deposit with ForTrade is mindeposit.

Is ForTrade trading Legit?

ForTrade was founded in UK in 1992. ForTrade has been facilitating trade on the financial markets for over 28 years. ForTrade offers clients Forex trading, and CFDs trading. All funds deposited to ForTrade are held in segregated tier 1 bank accounts for security. ForTrade is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is ForTrade a good broker?

ForTrade is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.ForTrade allows Forex trading, and CFDs trading.

Is ForTrade trustworthy broker?

ForTrade can be considered trustworthy. All money funded to ForTrade is placed into a segregated tier 1 bank account. this means your money in not held by ForTrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ForTrade is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for ForTrade?

The minimum deposit to trade with ForTrade is 1.

How long do ForTrade withdrawals take?

Withdrawing money from ForTrade processing time varies but averages 2-5 days.

Is ForTrade regulated?

ForTrade is regulated by Financial Conduct Authority (FCA).

Is ForTrade a market maker?

ForTrade is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with ForTrade?

When opening a trading account with ForTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForTrade trading platforms here.

Is my money safe with ForTrade?

ForTrade is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like ForTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForTrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is ForTrade a con?

ForTrade is regulated and well established having been in business for over 28 years. ForTrade is definitely not a con.

Can you make money with ForTrade?

Although traders have had great success with ForTrade. Trading on the financial markets with ForTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does ForTrade have fees?

ForTrade doesn’t charge withdrawal fees. ForTrade does charge inactivity fees. ForTrade does charge deposit fees.

When was ForTrade founded?

ForTrade was founded in 1992.

How many people use ForTrade?

ForTrade is used by over 10000 registered traders.

What is ForTrade Headquarters country?

ForTrade has its head quarters office in UK.

Does ForTrade offer negative balance protection?

ForTrade offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ForTrade offer guaranteed stop loss?

ForTrade does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does ForTrade allow scalping?

ForTrade offers scalping.

Does ForTrade allow hedging?

ForTrade offers hedging.

Does ForTrade offer CFD trading?

ForTrade offers CFD trading.

Does ForTrade offer STP?

ForTrade offers STP trading.

How many people use ForTrade?

ForTrade is used by over 10000 traders.

Is ForTrade an ECN broker?

ForTrade does not offer ECN trading.

Does ForTrade offer a demo account?

ForTrade offers a demo account.

Does ForTrade offer an Islamic account?

ForTrade offers a Islamic accounts.

What are the funding methods for ForTrade?

ForTrade accept the following funding methods : Credit cards, PayPal, Payoneer, Neteller, Bank Transfer.

ForTrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ForTrade brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

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COPYRIGHT © 2020. ALL RIGHTS RESERVED. Compare Brokers

Please note that Comparebrokers.co may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site.

RISK WARNING: Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument.

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