Our Fortrade Review
Fortrade is a global CFD and Forex Broker, offers a wide range of assets for financial trading. The broker was established in 2011 and regulated by the top tire authority FCA.
It also offers to trade cryptocurrencies directly, such as BTC, ETC. LTC, etc. It is a UK based global brokerage firm. Please read our full review and analysis to know all details, terms & conditions, features, advantages, and disadvantages before starting with them.
Fortrade Trust and Regulations
Fortrade is an excellent reputed and regulated broker. This broker authorization and regulation is a surprising matter for traders. I hope you are going to surprise too!
Fortrade is owned and operated by the Fortrade LTD, is regulated in the UK by the FCA = Financial Conduct Authority, under 609970 number. The official location is Michelin House, 81 Fulham Road, London. SW3 6RD.
Fort Securities BLR is regulated in Belarus by the NBRB = National Bank of the Republic of Belarus, under 193075810 number. The official location is 144 Mayakovsky St., 220028, Minsk, Republic of Belarus.
Fort Securities Australia Pty Ltd is regulated in Australia by the ASIC = Australian Securities and Investments Commission under ABN: 33 614 683 831 | AFSL number: 493520. The official location is Level 5, 20 Bond Street, Sydney NSW 2000.
Fortrade Canada Limited is regulated in Canada by the IIROC = Industry Regulatory Organization of Canada and a member of CIPF = Canadian Investor Protection Fund. The registration no is BC1148613. The official location is 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver BC V7X 1T2.
Fortrade Cyprus Ltd is regulated in Cyprus by the CySEC = Cyprus Securities and Exchange Commission, under 385/20 number. The official location is office 504, 79 Athinon Street 3040 Limassol, Cyprus.
Account types
Fortrade doesnāt offer too many account types like other brokers. You can choose only a demo or live account. The demo account provides to learn and practice trading. Also, clients are eligible to test any strategies. They provide 10,000$ virtual funds for the demo account.
Live trading account
It is a professional and standard type of account that suitable for all levels of traders. The account starting deposit is required a minimum of 100 USD or equivalent with other currencies. The single account gives access to all trading platforms and trading assets.
An Islamic account option is available for traders who maintain Islamic Sharia law.
Trading Platforms
Fortrade clients are eligible to choose the MT4 and their own trading platform. Both are available for all devices and operating systems. Letās check the comparison between the Fortrade and MT4 trading platform.
Fortrader platform
As their development team, it Is a faster and more user-friendly platform than the MT4. It provides an advanced graph; one click trades execution, and comfortable deposit and withdrawal options. You donāt need to exit from the platform to make any deposit or withdraw your funds.
MT4 platform
Who donāt about the MT4? It is one of the oldest and popular platforms, which the MetaQuots software firm developed.
Nowadays more than 60% of forex broker offers MT4 platform. It allows trading into the global market from anytime and anywhere. It has a hundred real time price quotes and a graphical chart. The chart is generated from the variety of trading assets on different time frames. A lot of built-in technical indicators help to analyze charts for guesses the trading opportunity.
There are multiple order types available, graphical tool and drawing objects, strategy template, push alert notifications. Expert Advisors (EAās) is available for automated trading.
You can access the MT4 platform on your mobile and online.
Trading Assets
Traders can trade a lot of instruments in a different class:
FX Currencies ā 60+ currencies available across the world, including all major and exotic pairs.
ETFs ā both short and long trading available on Exchange Traded Funds.
Cryptocurrencies – most popular cryptocurrencies are available to trade against USD.
Stocks ā some top companiesā equity is available for buy and sell.
Indices ā top-class market indices are available like DAX 30 and FTSE 100.
Commodities ā including sugar and crude oil, traders can trade some agricultural products.
Metals ā most popular platinum, copper, silver, palladium, and gold available.
Trading leverages are:
ETFs ā 1:5
Stocks ā 1:5
Bonds ā 1:10
Metals ā 1:20
Metals ā 1:20
Cryptos ā 1:2
Indices ā 1:20
Currencies ā 1:30
Commodities ā 1:10
Education and resources
Fortrader provides huge trading classes, articles, webinars, videos, and ebooks. They provide free trading central.
Trading central is famous for deep-level technical analysis. It provides specialized outputs, graphs, and pointers depend on data pick up from a fellowship of venture banks and resource administrators.
It can also help with exchanging decisions and is continually being refreshed with more smart specialized analysis reports. It is easy to utilize and can be situated in the chart option on the devices.
Also, the provides trading course for beginners & advanced level traders, seminar, day trading strategies, and a trading glossary.
News and analysis
The trading central provides a lot of market updates and analysis. Also, they provide Morning & Evening Analysis, Weekly Analysis, Microanalysis, Economic Calendar, and Historical Overview.
Deposit and withdrawal
They offer a range of payment gateway for deposit and withdrawal funds. Generally, they accept bank wire transactions, major credit and debit cards, and Neteller.
The minimum deposit is only $100, but fortrade suggests starting with a $500 deposit. The bank wire transfer usually takes up to 5 working days, and sometimes credit or debit cards can take up to 15 working days.
There is a small fee for deposit and withdrawal funds, as per the payment options.
Client support
Fortrade provides excellent support via their professional client support team. The website has a FAQ section that covers everything you need and more.
Also, you can contact via web form, email, web live chat, and phone.
Phone: +44 203 966 4505
Email: [email protected]
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