FORTRADE REVIEW 2024: SHOULD YOU SIGN UP WITH THIS BROKER?

WHAT IS FORTRADE?

Fortrade stands out for several reasons. The broker offers a great trading environment. Here, I’ll let you know more about the broker. Let’s get started.

Fortrade started its journey in 2013. With its innovative features, it doesn’t fail to impress you. The broker lacks nothing, including accessibility and security. A departure from traditional trading procedures was made possible by Fortrade.

Its goal has been to increase the usability, fun, and profitability of online trading! From the time of its inception to the present date, the minimum deposit amount is $100. The most noteworthy aspect is the variety of instructional materials available to help you excel as a trader.

Fortrade homepage

With a spectrum of trading tools, indices, and commodities, Fortrade stands out. Its award-winning services and platforms entice consumers to pursue this broker. Fortrade serves several countries and different languages.

The only downside of using this broker is that US nationals and residents of its dependent nations are not accepted as clients. But be in no doubt, this broker offers exceptional services and won’t disappoint you.

WHO ARE FORTRADE'S REGULATORS?

We discussed the broker and its features in the previous sections. But what about its regulators? In this part, I’ll familiarize you with them. Let’s get started.

Fortrade operates in Canada, London, Australia, Cyprus, Belarus, and Mauritius. Each one has different regulators. The broker is regulated by

• Financial Conduct Authority (FCA)
• Investment Industry Regulatory Organization of Canada (IIROC)
• Canadian Investor Protection Fund (CIPF)
• Australian Securities and Investments Commission (ASIC)
• Cyprus Securities and Exchange Commission (CySEC)
• National Bank of the Republic of Belarus (NBRB)
• Financial Services Commission, Mauritius (FSC)

So, before signing up for the broker, you should know about its regulation.

Fortrade regulations

HOW DOES FORTRADE WORK?

So, I hope you don’t have any underlying doubts about the regulators. Now, we’ll go through the trading assets offered by the broker. What are the available options? Let’s dig in deeper and find out!

Various tradable items in nine categories are available through Fortrade. These include forex, stocks, indices, energy, precious metals, agriculture, US treasuries, and direct market access.

Forex

• USD/CHF
• AUD/CAD
• AUD/JPY
• CAD/JPY
• EUR/AUD
• EUR/GBP
• USD/JPY and many more

Stocks

• Anglo American
• Mondi
• Shell
• Barclays
• Tesco
• Reckitt Benckiser
• Pearson and many more

Indices

• USD Index
• USA 500
• UK 100
• Italy 40
• Spain 35
• Netherlands 25
• Japan 225
• Swiss 20 and many more

Metals

• Copper (HG)
• Palladium (PA)
• Silver/AUD
• Gold/TRY
• Gold/GBP
• Platinum (PL) and many more.

Energy products

• Heating Oil (HO)
• Gasoline (RB)
• Natural Gas (NG)
• Crude Oil (CL)
• Brent Oil (BZ)

Agriculture Products

• Corn (ZC)
• Soybeans (ZS)
• Wheat (ZW)
• Sugar (SB)
• Cotton (CT)

US Treasuries

• US5Y Note
• US30Y Bond
• US10Y Note

Direct market access

• 3M Company
• Altria Group Inc.
• FedEx Corporation
• CME Group Inc.
• Nike Inc.
• NetApp
• The Kraft Heinz Company and many more

The broker provides over 300 trading assets. With low spreads and top-notch customer support, Fortrade provides good overall trading conditions.

HOW DOES THE FORTRADE PLATFORM WORK?

For trading all the above-stated assets, you certainly require a platform. Fortrade provides two platforms for the purpose. Both work on iOS and android devices. Let’s plunge into the details.

The broker only offers two platforms

• Fortrader platform
• MetaTrader 4

I always prefer the MetaTrader 4 platform. It contains back-testing algorithms that you may use anytime, anywhere, and with any kind of device. Thus, it makes your trading experience exceptional. Let’s talk about the two platforms.

FORTRADER PLATFORM

This platform offers a solution for any type of investor, regardless of expertise. It is an award-winning system along with the newest tools and technologies. Using a phone, the web, or a PC/MAC, enables convenient investment management. There are two options for using this Fortrader platform

Web Platform

The web platform offers quick access to global financial markets without any installation being necessary. Enjoy a dependable trading service with only a few clicks and an internet connection.

Fortrade platform

Mobile platform

Create a simulated trading station on your iOS or Android device without effort on the Fortrade mobile platform.

Fortrade mobile platform

METATRADER 4

MT4 is an efficient platform for forex trading, commodities, and CFDs. For investors of all levels, it offers the best trade-management solution. Its simple architecture and strong bridging liquidity rank are its primary advantages.

Due to the extensive selection of charting indicators, expert advisers, and other analytic techniques, you may trade any product. You can access the platform through the Web, PC, or mobile application.

MT4 Mobile App

Create a simulated trading station on your Android device. Trade on more than 300 Forex and CFDs whenever you want and wherever you are.

Fortrade MT4 app

MT4 Webtrader

Access your safe trading system via any browser on the planet!

Fortrade MT4 web trader

MetaTrader 4

On your PC, trade while seeing live price quotations, statistics, and built-in analytics. The automated station supports all of your trading demands and more.

WHAT TRADING INDICATORS ARE AVAILABLE?

As a trader, you must know the importance of technical indicators. They help you a lot with making informed decisions. Some of the available indicators are

• Support and Resistance
• Trendlines
• Volume
• Bollinger Bands
• Moving Averages, and many mor

WHAT ARE FORTRADE’S TRADING ACCOUNTS?

Now, I am sure you know all about Fortrade’s platforms. So, let us move forward with the trading accounts offered by the broker. There are quite a few accounts available on Fortrade. I’ll let you know.

Fortrade offers 2 trading account types.

• Live account
• Islamic swap-free account.

LIVE/STANDARD ACCOUNT

This is the basic account you get at Fortrade. The minimum deposit amount for opening an account is $100. The maximum leverage is 1:100 and spreads start from 2 pips. You can simply open an account and start trading.

ISLAMIC SWAP-FREE ACCOUNT

This account can be opened by customers who practice Islam. Overnight positions do not have rollover interests. The Islamic Account was created to eliminate the necessity for interest payments and receipts, which are against Islamic law. Swap-Free will be 4 pips larger than the standard account on specific instruments.

DOES FORTRADE OFFER A DEMO ACCOUNT?

If you aren’t ready for live accounts, you need to open a paper trading/demo account. Yes, Fortrade does offer a demo account. You can use risk-free trading tools to practice in a live marketplace with fictitious funds. Isn’t it exciting?

HOW SAFE IS FORTRADE?

You must have heard that “Safety comes first”. It doesn’t make sense to entrust a broker with your money without knowing about them. You must be informed of the broker’s level of safety. So, let me tell you.

As mentioned previously, Fortrade is regulated by many organizations. In addition, they take some measures to keep their clients safe.

• SSL encryption
• Servers in excellent SSAE 16/SAS 70 Type I and II facilities
• Segregated bank accounts for clients
• Financial Services Compensation Scheme

It implies that the broker is undoubtedly safe.

WHERE IS FORTRADE LOCATED?

It is not at all difficult to track the location of this broker. But have you wondered how? It is because the broker’s offices are in multiple locations. Let’s have a short visit.

The broker’s headquarters is at Michelin House, 81 Fulham Road, London. In addition, it has offices in Canada, Australia, Cyprus, Spain, Belarus, and Mauritius. All of them are regulated by certain authorities.

WHO OWNS FORTRADE?

We are now acquainted with the location of the broker. Now, I’ll let you know who owns Fortrade. Is it independent or not? You’ll get to know about it right here.

Fortrade Limited is the owner and operator of this website.

HOW TO DEPOSIT FUNDS IN A FORTRADE ACCOUNT

Some brokers make it challenging to deposit money. But the good news is that with this broker, it is super-easy. There are many payment methods. Let us have a look at them.

The deposit methods at Fortrade are

• Credit/Debit Card
• Mastercard
• Visa
• Skrill
• Neteller
• Paypal
• Bank transfer

Card and bank transfers are instantly processed. Within 7 business days, funds submitted through wire transfer are refunded. I prefer the Paypal option as it is the most efficient.

HOW TO WITHDRAW FUNDS FROM A FORTRADE ACCOUNT

You probably know that for most brokers, the withdrawal methods are the same as the deposit methods. Do any extra costs exist? You’ll get to know this in this section. So, let’s see!

It is no surprise that the withdrawal methods are the same as those used in depositing funds. Also, the same amount of time is required. Guess what the best part is? There are no additional fees for withdrawals or deposits.

Fortrade payment options

HOW TO CONTACT FORTRADE?

What good is a broker if you can’t contact them whenever you want? Well, in this case, you won’t face such problems. I’ve never been disappointed by their services. Let us go into the details.

You can contact Fortrade by

• Call
• Email
• Chat

Also, the FAQ page is an added benefit because it already answers many of your queries.

Fortrade contact page

DOES FORTRADE OFFER PROMO CODES?

Who doesn’t like getting paid for doing anything? Many brokers offer promotional codes and bonuses. But does Fortrade offer any promo codes? Let’s find out, folks!

The broker offers promotions through partnerships. There are four types of partnerships available.

• Affiliates
• Introducing brokers
• Financial institutes
• White labels

The details of each are provided on the Fortrade website. Before signing up with the broker, have a look at all of them.

DOES FORTRADE OFFER BONUSES?

There is yet another chance to acquire money. Like many brokers, Fortrade also offers bonuses. So I’ll tell you what this broker has to offer you. Are you ready?

You may apply one of two bonus types to your account

• Balance bonus
• Credit bonus

BALANCE BONUS

When you add funds to your account, you may be eligible for this regular incentive, which is totally up to Fortrade.

CREDIT BONUS

Again, this is fully at Fortrade’s discretion and an alternative incentive with additional terms and conditions.

DOES FORTRADE CHARGE TAX ON PROFITS?

This question might have intrigued many of you. Will Fortrade charge any taxes on your profits? Is there any information regarding this on their page? Let’s find out.

The website has no mention of taxes being deducted from profits. So, we infer that it charges no tax on profits.

HOW DO I MAKE MONEY WITH FORTRADE?

Fortrade has been operating for a while, and I signed up with the broker in 2016. I joined the broker because of its user-friendly, simple, yet innovative technology. It is perfect for both seasoned traders and newcomers.

More than 50 currencies and about 300 stock CFDs are available. I’ll discuss them in detail later.

Several advantages will instantly make you prefer this broker. The platform is clean, thanks to its products, trading options, multiple accounts, and customer support.

And did I forget to tell you that the minimum deposit amount is $100? It is way too exciting! Let’s have a look at what people say about the broker.

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