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Fortrade Review 2025

Fortrade

Fortrade

www.fortrade.com

  • Leverage: 1:30 | 1:400

  • Regulation: FCA, ASIC, IIROC, CySEC, NBRB, FSC

  • Min. Deposit: US$100

  • HQ: UK

  • Platforms: Fortrader Platfrom, MT4

  • Found in: 2013

Fortrade Licenses

  • Fortrade Limited - authorized by FCA (UK) registration no.609970
  • Fort Securities Australia PTY LTD - authorized by ASIC (Australia) registration ABN: 33 614 683 831 | AFSL number: 493520
  • Fort Securities LLC. - authorized by the National Bank of the Republic of Belarus (NBRB) registration FRN: 193075810
  • Fortrade Limited - authorized by IIROC (Canada)
  • Fortrade Ltd - authorized by CySEC (Cyprus) registration no. 385/20
  • Fortrade Ltd. - authorized by FSC (Mauritius) registration no. GB21026472

Top 3 Forex Brokers

  1. What is Fortrade?
  2. Fortrade Pros and Cons
  3. Regulation and Security Measures
  4. Account Types and Benefits
  5. Cost Structure and Fees
  6. Trading Platforms and Tools
  7. Trading Instruments
  8. Deposit and Withdrawal Options
  9. Customer Support and Responsiveness
  10. Research and Education
  11. Portfolio and Investment Opportunities
  12. Account Opening
  13. Additional Tools And Features
  14. Fortrade Compared to Other Brokers
  15. Full Review of Broker Fortrade

Overall Rating 4.4
Regulation and Security4.7 / 5
Account Types and Benefits4.4 / 5
Cost Structure and Fees4.5 / 5
Trading Platforms and Tools4.4 / 5
Trading Instruments4.6 / 5
Deposit and Withdrawal Options4.6 / 5
Customer Support and Responsiveness4.6 / 5
Research and Education4.7 / 5
Portfolio and Investment Opportunities 3.8 / 5
Account opening4.6 / 5
Additional Tools and Features4.5 / 5

What is Fortrade?

Fortrade is a trading provider and a Forex broker with products and services for online foreign exchange and CFD trading, established in the UK in 2013. Throughout its development, Fortrade opened its branches in Australia and Australia while recently enlarging even further and establishing branches in Cyprus and Canada.

  • The company provides a favorable trading environment with easy access to multiple asset classes. The broker strives to make trading more enjoyable and profitable and at the same time secure which is confirmed by its worldwide presence and, more importantly, heavy regulation.
  • Fortrade offers tight and competitive spreads that vary depending on the trading instrument; the spreads range from 1 to 4 pips for forex through various leverage ratios and a variety of promotions.

Fortrade’s technology has been developed to help traders, both beginners, and experts, and simplify their trading experience; it provides a highly efficient trading environment suitable for beginners, however, it also comprises more sophisticated features more suitable for professional traders.

Fortrade Review

Fortrade Pros and Cons

Fortrade is a regulated broker holding respected licenses like FCA and ASIC, with an easy account opening process and a well-developed education section. The offered platforms and research are also on a good level, while its single account is spread-based and offers variable spreads on average levels. A demo account is also available with easy and quick registration.

For the negative points, the broker does not provide 24/7 support. Also, the trading conditions are different in each entity and need to be carefully checked before registering with the broker.  Also, for some instruments, spreads might be higher than the market average. Besides, as the fees are only spread-based, those traders who prefer a commission-based structure might not feel comfortable.

AdvantagesDisadvantages
CFDs trading Support not available 24/7
Heavily Regulated BrokerConditions may vary in particular entities
Great education through Fortrade AcademyOnly spread-based fee structure
MT4 platform and proprietary software
Fast account opening and free Demo account
No commission deposits and withdrawals

Fortrade Features

Fortrade is a well-regulated broker with licenses from FCA and CySEC and about a decade of presence in the market. The broker has favorable trading conditions, expanded and enhanced over the years, with a wide instrument offering, and advanced features to support its large community of traders and provide a profitable trading experience. The main features of Fortade are listed below for a quick look:

Fortrade Features in 10 Points
🗺️ RegulationFCA, ASIC, IIROC, CySEC, FSC, NBRB
🗺️ Account TypesA single account
🖥 Trading PlatformsFortrader Platform, MT4
📉 Trading InstrumentsCurrencies, Sock, Indices, Precious metals, Energies and Agriculture products, US Treasuries, Cryptocurrencies
💳 Minimum deposit$100
💰 Average EUR/USD Spread2 pips
🎮 Demo AccountAvailable
💰 Account Base currenciesVarious Account base currencies
📚 Trading EducationFree education with webinars, courses and videos
☎ Customer Support24/5

Who is Fortrade For?

Based on Our findings and Financial Expert Opinions, Fortrade prioritizes providing a secure and favorable trading environment, offering a range of conditions and tools that will meet the needs of different traders. Fortrade will be a good choice for the following:

  • Experienced traders
  • Beginners
  • Run Scalping/Hedging
  • Trading through MT4
  • Currency Trading and CFD Trading
  • Traders who prefer Trading Central
  • EAs running
  • Suitable for a Variety of Trading Strategies
  • Traders who prefer a spread-based cost structure

Fortrade Summary

Fortrade offers an intuitive trading platform designed to make online trading simple, fast, and friendly. The good points are low deposit to start, well-developed educational programs, and up-to-date market information that are helpful for every trader. What is also essential is that Fortrade provides a secure,  and regulated trading environment, while the company continues growing, acquiring new licenses, and winning over the trust of many traders worldwide.

55Brokers Professional Insights

With its simple yet powerful technology, Fortrade provides a user-friendly environment with favorable conditions. The licenses from top-tier authorities ensure secure trading for traders from around the world.

We found Fortrade conditions favorable. The broker is a good choice for those who prefer trading via the MT4 platform. Fortrade also supports one account type, with a competitive fee structure. The account is spread-based, thus it might not be preferable for those clients who prefer commission-based offerings. Besides the availability of only one account type, and aside from the Fortrade own platform, the availability of only the MT4 platform, might be limiting for those traders who are seeking variety and diversity of choice.

However, the intensive education section with a selection of resources, courses, and webinars might be great for beginner traders seeking guidance and broker support. Those who choose to trade with Fortrade should also note that all the instruments the broker offers are CFD-based. Also, the conditions and features might vary based on the entity, which should be considered carefully.

Consider Trading with Fortrade If:

Fortrade is an excellent Broker for:- Beginner traders -Comprehensive education with webinars and extensive courses - Traders prioritizing top-tier regulation and secure trading environment - Those who prefer trading on the MT4 platform - Traders looking for diversity of instruments

Avoid Trading with Fortrade If:

Fortrade is not the best for:- Traders who prefer the MT5 platform - Those who are looking for variety of choice between account types - Prefer commission-based accounts - Look for 24/7 customer support

Regulation and Security Measures

Score – 4.7/5

Fortrade Regulatory Overview

Fortrade is authorized and regulated by multiple authorities in reputable jurisdictions including the Financial Conduct Authority (UK) and ASIC (Australia). These two are some of the most serious world organizations that regulate financial services companies with the purpose of protecting consumers, and financial markets and promoting competition.

Additionally, Fortrade enlarges its trading proposal and moves on further by opening official entities in Canada, Belarus, and Cyprus, where, Fortrade is fully authorized, regulated, and overseen in terms of its reliability and operation. Besides, this kind of intense regulatory oversight guarantees clients’ safety, especially since the broker also offers compensation schemes and other safety measures in case of insolvency.

How Safe is Trading with Fortrade?

According to the broker’s licenses, Fortrade operates under full compliance with numerous restrictions and guidelines to provide a secure trading environment for all transactions, while keeping clients’ funds in segregated accounts and in the unlikely event protected by schemes.

  • According to the FCA regulatory rules, if for some reason Fortrade goes out of business traders will be able to claim compensation from the Financial Services Compensation Scheme (FSCS).

Consistency and Clarity

Fortrade has been in the market for more than a decade, and during its years of operation, the broker has been able to form a firm basis of trust and reliability. It has acquired multiple licenses from some of the best-regarded authorities in the world, thus ensuring its clients’ safety and ease of mind.

We also found that the broker has a large client community and many good reviews on different platforms. However, we found also some negative comments about the broker, which prompts traders to be careful and conduct their own research before deciding if the broker suits their trading expectations. Overall, we found Fortrade consistent in its operations and offerings, with the added security of compensation of funds, and other measures of safety the broker takes, which means clients have a chance to conduct their trades in a legally protected and reliable environment.

Fortrade Regulation Review

Account Types and Benefits

Score – 4.4/5

Which Account Types Are Available with Fortrade?

Our experts found that Fortrade offers only a single account feature, yet the options and conditions may vary according to the trading sizes and deposits. We highly recommend that you start by signing up for the Demo Account, which will allow you to experience real trading conditions using a virtual sum of $10,000. This enables you to explore all the features of the platform risk-free. Once you feel ready to transition, switching to a real trading account is simple and seamless.

  • The minimum deposit to start trading in a Real account is $100, although the broker recommends depositing at least $500 for a better start and more opportunities. We also found that the account is spread-based, and there are no commissions applied, as all the costs are included in spreads. Also, Fortrade allows clients to conduct their trades either on the MT4 platform or its proprietary Fortrade platform, the mobile app is also available, granting access to over 60 currency pairs, commodities, indices, stocks, ETFs, US Treasuries, and cryptocurrencies. The leverage for the currency pairs is up to 1:200.

Swap Free Islamic Account

Fortrade’s Islamic Account is for Muslim clients to comply with Islamic principles and allows Forex and CFDs trading. There will not be any rollover interest charged on overnight positions, which is strictly forbidden by the Sharia Law. The account is available for both the MT4 and Fortrade platforms. The same features available for the primary account are also available for the Islamic account.

Account Types Review

Regions Where Fortrade is Restricted

Fortrade does not accept clients from a long list of countries due to regulatory restrictions. Below you can see the restricted countries:

  • Afghanistan
  • Algeria
  • Angola
  • Australia
  • Austria
  • Belgium
  • Bulgaria
  • Burundi
  • Cambodia
  • Canada
  • Central African Republic
  • Chad
  • Congo Republic
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Democratic Republic of the Congo
  • Denmark
  • Eritrea
  • Estonia
  • Ethiopia
  • Finland
  • France
  • Germany
  • Gibraltar
  • Greece
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Hong Kong
  • Hungary
  • Iceland
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Japan
  • Korea (North)
  • Laos
  • Latvia
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Myanmar
  • Netherlands
  • Norway
  • Panama
  • Papua New Guinea
  • Poland
  • Portugal
  • Puerto Rico
  • Romania
  • Singapore
  • Slovakia
  • Slovenia
  • Somalia
  • South Sudan
  • Spain
  • Sudan
  • Sweden
  • Syria
  • Tajikistan
  • Trinidad and Tobago
  • Turkmenistan
  • Uganda
  • United Kingdom
  • United States
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Yemen
  • Zimbabwe
  • US Dependencies including:
    American Samoa/Guam/Northern Mariana Is/Puerto Rico/US Minor Outlying Islands/US Virgin Islands/Micronesia/Palau

Fortrade Restricted Countries Review

Cost Structure and Fees

Score – 4.5/5

Fortrade Brokerage Fees

We found Fortrade’s fee structure quite competitive. The broker offers a single spread-based account type with no additional commissions applied. All in all, we found the broker’s cost structure transparent, for some instruments the spreads are a little higher than the market average, yet, all in all, the offering is clear, and free from too many additional costs.

  • Fortrade Spreads

Fortrade as it was already mentioned, offers a single spread-based account, which means that there are no additional commissions, and the costs are integrated into spreads. The spreads offered are mostly variable, although we found that for the EUR/USD, GBP/USD, and USD/JPY pairs, the spreads are fixed at 2 pips. Also, the EUR/USD and GBP/USD forex pairs have much higher night spreads that are applied from 20:55 to 06:00 GMT and should be checked by a trader. We also found that the average spread for Crude Oil is fixed at 0.04$, whereas the Gold spread is 0.45$. Once again, Fortrade does not charge any commissions.

  • Fortrade Rollover / Swap Fees

Fortrade also implies rollover fees, which are incurred for holding positions overnight. Fortrade rollover rates depend on market conditions and do not include any extra charges or fees added to the trading positions. The EUR/USD swap fee for long positions is -12.5, while for the short position, the fee is positive and calculated at 2.4.

How Competitive Are Fortrade Fees?

After testing Fortrade fees, we found that the single account the broker provides is based mainly on variable spreads, yet for some instruments, Fortrade offers fixed spreads, such as for EUR/USD and GBP/USD pairs that are calculated at 2 pips. All in all, the average spreads vary from 1 to 4 pips, for some instruments spreads might be higher. Also, the broker has night spreads, which are much higher.

All in all, we found that the main fees and costs Fortrade applies are transparent and mostly in line with the industry average. The fees depend on the instrument traded and the entity the account is opened with. Overall fee structure is transparent, with no hidden costs and a detailed description on the broker’s website. Thus, we recommend the trader go through them and consider all the costs Fortrade might charge.

Asset/ PairFortrade SpreadCapital.com SpreadJustMarkets Spread
EUR USD Spread2 pips0.6 pips0.6 pips
Crude Oil WTI Spread0.04$0.44 cents
Gold Spread0.45$0.030.16

Fortrade Additional Fees

Our research showed that Fortrade does not apply many additional fees. Some of the few fees the broker charges are fees common in the industry and applicable to every broker. One of the most common fees Fortrade charges is an Inactivity fee of $10 for accounts that have been dormant for almost six months. The good thing is that Fortrade does not charge any deposit or withdrawal fees. All in all, this is all about the additional fees. However, our advice is to check all the applicable costs closely before opening an account with the broker.

Trading Platforms and Tools

Score – 4.4/5

Fortrade offers its clients several options of platforms to conduct their trades: MT4 platform, Fortrade Proprietary platform, Fortrade app, and Webtrader. Traders can choose any option that suits them the most, as all the options offer great trading features and solutions.

PlatformsFortrade PlatformsPepperstone PlatformsPlus500 Platforms
MT4YesYesNo
MT5NoYesNo
cTraderNoYesNo
Own PlatformYesYesYes
Mobile PlatformYesYesYes

Fortrade Web Platform

The broker offers the web version of its own proprietary platform – Web Fortrader or Web MT4 platform, that are accessible via web connection through PC, Mac, or mobile devices.  To trade via the Web Fortrader, clients just need to log in to their trading accounts via the browser without any complications. The platform provides clients with real-time data and ultra-high speed. Traders have access to a wide range of instruments. Besides, the web-based platform also enables traders to log in through their demo accounts for the purpose of fine-tuning their skills before switching to real accounts. The platform is also equipped with advanced tools and features, such as Take Profit, Stop Loss, and Pending Orders.

Main Insights from Testing

The results of the testing revealed that the web-based platform of Fortrade offers all the advanced tools and fast execution of trades that are essential in trading. The platform’s intuitive yet simple interface makes it easy to navigate through the market, place trades, and use advanced features provided by the platform.

All in all, we find the Fortrade web-based platform a favorable choice for those who want to conduct their trades without any downloads or installations, right from the web browser with ease and flexibility.

Fortrade Desktop MetaTrader 4 Platform

We found the Fortrade MT4 platform excellent for supporting clients in their trades by providing a wide range of advanced and comprehensive tools, such as built-in technical indicators, various charts, and easily customizable tools. The platform also supports access to a wide range of trading products, which ensures diversity in trading. As the interface of the platform is simple and user-friendly, beginner traders will not have difficulties in placing trades and navigating the market. The platform is also easily compatible with the other broker platforms, ensuring accessibility. All in all, we find that the Fortrade MT4 desktop platform is a combination of the best features of the MT4 platform and Fortrade conditions and offerings, which ensures fast trading execution, advanced tools, and more opportunities to explore.

Fortrade Desktop MetaTrader 5 Platform

Fortrade does not offer the advanced and popular MT5 platform, which might be limiting, especially for seasoned traders who seek more advanced tools and features. MT5 stands out for its enhanced capabilities, providing a more advanced and broader range of tools, and the absence of the platform can restrict experienced traders who rely on these features in their trading.

Fortrade MobileTrader App

Mobile Fortrader enables traders to manage their trades right from the palm of their hands. Clients can access the market through iOS and Android devices with ease and no complication. The mobile app is identical in its functionality to the broker’s desktop platform and web-based platforms. The mobile app, too, like the other platforms, enables accessibility of the Demo account, while switching to the real account is also possible in a matter of minutes.

Fortrader delivers real-time data and enables high speed and precision in trades, also offering advanced tools and safety measures, such as Take Profit, Stop Loss, and other advanced tools.

Main Insights from Testing

All in all, our main conclusion from the Fortrade mobile app is positive, as the app enables advanced features provided by the broker’s desktop platform. The advanced tools, enhanced encryption technologies, and access to a wide range of tradable products enable traders to trade on the go and gain access to the best features provided by the broker.

Fortrade Trading Platforms Review

Trading Instruments

Score – 4.6/5

What Can You Trade on the Fortrade Platform?

Fortrade offers over 300 CFDs across multiple assets, and this range of instruments is supported by all the platforms that the broker offers. However, there might be differences based on the entity with which the account is registered. Fortrade enables immediate access to over 60 currency pairs, stock CFDs of some of the largest companies of NYSE and NASDAQ, and more than a dozen stock indices, including USA 500, Europe 50, UK 100, Germany 30, and France 40.

Below is the full list of the instruments you can access with Fortrade:

  • Over 60 Major, Minor, and Exotic Currencies
  • Sock
  • Indices
  • Precious metals
  • Energies
  • Agriculture products
  • US Treasuries
  • Cryptocurrencies

Main Insights from Exploring Fortrade Tradable Assets

Fortrade enables access to over 300 CFD products from a single account through its proprietary or MT4 platforms. As the broker gives access to a large range of assets, it enables diversity and opportunity to explore the market further. We discovered that Fortrade is constantly enlarging its products and now offers over 60 currency pairs, a better range than the market average.

This good offering of Fortrade tradable assets is also coupled with fast execution, direct access to the market, flexible leverage, and advanced tools that help traders gain more insights into the instruments they trade and make the best of it. However, the instruments of Fortrade are mainly CFD-based, which means that the broker does not provide investments in the traditional sense, thus, professional traders can face limitations in extending their portfolios.

Fortrade Trading Instruments Review

Leverage Options at Fortrade

Leverage, or a loan provided by the broker, allows traders to trade with a larger position size than their initial invested capital. While leverage can significantly boost potential gains, it also increases the level of risk. Using leverage incorrectly or setting it too high can lead to substantial losses.

Based on our research, Fortrade offers multiplier ratios that comply with the regulatory requirements of each jurisdiction in which it operates. Be sure to verify the leverage conditions specific to the Fortrade entity and your country of residence.

  • The regulatory updates in Europe along with the ESMA regime set a maximum leverage level of 1:30 for major currency pairs, 1:10 for commodities, 1:5 for CFD stocks, and 1:2 for Cryptocurrencies with the purpose of protecting retail clients. This leverage is used for FCA and CySEC-regulated entities
  • The Australian authority ASIC still allows a leverage ratio up to 1:400 for Forex instruments, which will allow Australian clients to use high leverage while trading.
  • Canada traders can use a maximum of 1:50 for Forex instruments and lower levels of 1:40, 1:30, 1:20, and 1:10 according to the instrument specifications.

Deposit and Withdrawal Options

Score – 4.6/5

Deposit Options at Fortrade

All fund transactions and requests are done through your online account area where you can see fee reports, and deposit or withdraw your money according to the regulatory rules. Fortrade supports several ways to deposit or withdraw funds to or from trading accounts and accepts a range of options including credit/debit cards, bank transfers, Neteller, Skrill, and PayPal.

Minimum Deposit

Fortrade has a minimum deposit of $100, which is considered an average offering in the market. However, for more opportunities, the broker recommends its clients start by depositing at least $500 to be able to explore more options in the market. The time it takes for deposits to be credited to the account takes a different span of time. Some methods, like wire transfers, may take longer, up to 7 business days.

Withdrawal Options at Fortrade

To withdraw money from the Fortrade account, traders first need to choose the withdrawal method and also provide all the required information. The broker processes all the withdrawals within 2 business days. However, some withdrawals might take time to reach the client’s account.

  • Withdrawals made by Bank Wire Transfer may take up to 5 business days, while via credit/debit cards it might take up to 15 business days.
  • Due to safety measures, withdrawals can only be made by the same methods the deposits were made.

Fortrade Deposits Review

Customer Support and Responsiveness

Score – 4.6/5

Testing Fortrade Customer Support

Our findings showed that Fortrade provides around-the-clock customer service during working days available in multiple languages through its worldwide entities. Customer service is available via emails, live chat,  international phone lines, and a message right from the broker’s website. We found the broker’s team supportive and responsive.

  • Besides, Fortrade has a good FAQ  and Q&A section, which answers the most common questions that traders might have when starting trading. So, traders can also refer to the section and find relevant answers.

Contacts Fortrade

We found Fortrade’s customer support helpful, with multiple options for communication. Besides the live chat, which provides instant answers, a messaging option, and social media pages of the broker with up-to-date information, Fortrade also offers help via phone and email and provides email addresses for different types of requests and suggestions:

  • For enquiring about general issues clients can send their questions to infomu@fortrade.com or call the provided number +44 204 571 7564.
  • About the account balance and any payments and transactions traders can send the inquiry to support@fortrade.com.
  • For technical support or installation issues, the questions should be sent to support@fortrade.com, also mentioning technical support in the subject line.

Research and Education

Score – 4.7/5

Research Tools Fortrade

The research tools Fortrade offers are at a good level and are either built into the platforms or available on the broker’s website. We found a good range of additional resources Fortrade has, including:

  • Trading Central Analysis is a leading provider of real-time comprehensive research. The usage of Trading Central allows Fortrade clients to make efficient trading decisions, by using insightful technical analysis reports and sophisticated chart patterns that the broker is constantly adding and updating.
  • The Economic Calendar is an important tool for traders, highlighting the significant events affecting the financial markets. The role of the economic calendar is essential, as it highlights events that might lead to market changes, thus both beginner and professional traders can equally benefit from the tool.
  • Daily, Weekly, and Micro analyses include insights into CFD movements in a given period of time. Besides, the broker also offers an Analysis Archive that includes all the past analyses and publications on the market.

Fortrade Research Tools Review

Education

As for education, Fortrade offers a variety of comprehensive educational tools to enhance traders’ knowledge. The broker provides a Trading Academy including a good selection of webinars, videos, eBooks, and glossaries.

  • Fortrade offers webinars that cover different topics and meet different trading needs, favorable and useful from beginner traders to active traders who look for new opportunities and insights.
  • The YouTube tutorials Fortrade offers are quite diverse and provide detailed information on tools and features the broker provides. This is a great way to get answers to many questions traders encounter during the trading process and to simply gain skill in using the provided tools.
  • The glossary section is a selection of all the applicable market terms that are essential to know not to get confused while trading. The terms are arranged in alphabetical order, making it easy for traders to find what they need.

Is Fortrade a Good Broker for Beginners?

Fortrade is undoubtedly a good option for beginner traders for many reasons. First, the broker provides a Demo account that is accessible through the web, desktop platforms, and mobile apps, providing up to $10.000 nominal funds to get skills and market knowledge. Besides, the broker’s Trading Academy offers courses, webinars, and YouTube tutorials that have a specific emphasis on topics for beginners. All in all, the conditions and features Fortrade provides are quite straightforward and uncomplicated, suitable for those traders who have yet to explore the market and get acquainted with the nuances of trading.

Portfolio and Investment Opportunities

Score – 3.8 /5

Investment Options Fortrade 

Investment opportunities with Fortrade are limited due to the fact that the broker’s tradable products are mainly on a CFD basis. Thus, traditional investments in stocks and shares are not supported. We also found that Fortrade does not have MAM or PAAM accounts, which further limits clients in regard to investments.

  • Besides, currently, Fortrade does not offer copy trading. Instead, it is only focused on its WebTrader and MT4 platforms that include rather traditional offerings. While MT4 allows for automated trading using EAs, there is no social or copy-trading option integrated into the platform.

Account Opening

Score – 4.6/5

How to Open a Demo Account?

Fortrade offers a single account option and a Demo account that is equipped with the most important tools and features and provides a comprehensive trading environment, favorable for trying different strategies and exploring the market. The Demo account also comes with an initial $10.000 for practice. The Demo account registration process is quite easy, comprised of several quick and simple steps:

  • In the ‘Open Account’ section choose the Demo option
  • Fill in the required information in the registration form
  • Afterward, get a confirmation email or SMS with your account credentials
  • Use the login information to open the Demo account
  • Get the initial funds and start exploring the market in a risk-free environment

How to Open a Fortrade Live Account?

Switching from a Demo account to a real account is quite easy. If traders have initially opened a Demo account to switch from Practice trading mode to Real trading mode, they just need to choose the ‘Switch to Real’ button and be transferred to a live account. However, if clients want to open a live account from the start, in the “Opening Account’ section, they just need to click on “Real Account’. The next steps are described below:

  • After choosing the Real account option, you will be transformed into a registration page
  • Fill in all the relevant information
  • Verify your identity, provide the documents required, and proof of address
  • When the account is approved, log in and make the first deposit
  • Choose the preferred currency, platform, and other conditions
  • Start trading

Fortrade Demo Account Opening Review

Additional Tools and Features

Score – 4.5/5

Fortrade offers many essential tools and features, some of them integrated into the platforms, others provided right on the website. Besides the main tools and features, Fortrade offers a few additional tools as well, with the purpose of elevating client experience and performance:

  • Currency Converter is an easy and reliable way to convert currencies. It makes the calculations by using real-time market rates presented in the Fortrader trading platforms.
  • The Margin Percentage Calculator is another helpful tool that provides a simple percentage calculation of the required Leverage for each instrument. By using Fortrade’s Margin Calculator, traders can quickly calculate exactly how much margin is required for a position to open.

  • The Pip Value Calculator is also an important tool that gives insights into trading. It accurately calculates the exact value of the clients’ trading positions in the currency of their trading account.

Fortrade Additional Tools Review

Fortrade Compared to Other Brokers

Our research revealed multiple advantages that Fortrade provides its clients. We compared Fortrade with other well-regarded brokers in the market, to determine where it stands.

First, we reviewed the broker’s regulations and licenses, and, in this regard, Fortrade has a stable and secure position with its multiple top-tier licenses, which many brokers, despite their good market conditions, do not possess. Then we reviewed Fortrade’s trading platforms and accounts, and although we found Fortrade’s own platform and the MT4 platform rather advanced, and its single account with good market conditions and features, we still need to mention brokers such as ThinkMarkets that offers a wider range of trading platforms and a selection of account types, which gives greater variety and flexibility to traders.

Although the tradable instrument range is rather impressive, Fortrade still has a modest offering compared to BlackBull Market’s impressive 26000+. At last, the instruments are mainly CFD-based, which means the broker does not enable traditional investment, like Admiral Markets.

Parameter Fortrade Pepperstone RoboForex Exness FP Markets Admiral Markets Eightcap
Spread Based Account Average 2 pips From 1 pip Average 1.3 pip From 0.2 pips From 1 pip From 0.6 pips Average 1 pip
Commission Based Account No commission 0.0 pips + $3.5 0.0 pips + $4 0.0 pips + $3.5 0.0 pips + $3 0.0 pips + from $1.8 to $3.0 0.0 pips + $3.5
Fees Ranking Average Low/Average  Average Low Low/ Average Low/ Average Average
Trading Platforms Fortrader Platform, MT4 MT4, MT5, cTrader, TradingView MT4, MT5, R StocksTrader MT4, MT5 MT4, MT5, cTrader, IRESS, Proprietary Platform MT4, MT5, Admiral Markets app MT4, MT5, TradingView
Asset Variety 300+ instruments Over 1,200 instruments instruments 12,000+ instruments 200+ instruments 10,000+ instruments 8000+ instruments 800+ instruments
Regulation FCA, ASIC, IIROC, NBRB CySEC, FSC ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN FSC FCA, FSCA, SFSA, CBCS, FSC BVI, FSC Mauritius ASIC, CySEC,  FSCA, CMA ASIC, FCA, CySEC, FSCA, JSC, CMA, EFSA ASIC, SCB, CySEC, FCA
Customer Support 24/5 support 24/7 24/7 support 24/7 support 24/7 support 24/7 support 24/5 support
Educational Resources Excellent Excellent education and research Good Fair Excellent Excellent Good
Minimum Deposit $100 $0 $10 $10  $100 $1 $100

Full Review of Broker Fortrade 

We have reviewed Fortrade from different aspects, forming a full picture of the broker’s offerings and conditions. Our research showed that Fortrade is a well-regulated broker, with multiple licenses and safety measures to protect its clients. We also examined actual reviews of the broker and discovered a majority of positive feedback, although there are also some negative comments to consider.

Fortrade offers a single spread-based account with average spreads of 2 pips for the EUR/USD pair and no commissions. This fee structure might be attractive, especially for beginner traders. We also found that although spreads are variable, for some instruments and currency pairs the spreads are fixed. Besides, we reviewed Fortrade trading platforms, namely the Fortrade proprietary platform and MT4 platform, which are good offerings with comprehensive features and good conditions. However, the broker does not offer the advanced MT5 platform, which can be a negative point for many, especially experienced traders who prioritize innovative tools and fast execution.

What impressed us was Fortrade’s education section, which is really great, with webinars, courses, YouTube tutorials, a glossary, etc. The research section is also good, standing out for its additional tools and features. All in all, we found Fortrade a reliable broker that is suitable for different levels of traders, either for a good start or for further exploring the market in a secure environment.

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Editor team
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George Rossi Content Creator
George R. is a wide-ranging expert with experience in analysis and writing. Currently serving as a Senior Writer at 55brokers.com. In addition to this role, he has been the Chief Market and Broker Analyst since June 2020. He has played a crucial role in providing in-depth analysis and insights into the financial markets. With nearly a decade of experience as a Foreign Exchange Trader, George brings a deep understanding of market dynamics and trading strategies. His previous positions include serving as the Chief Market Analyst at SVS Securities Plc.
Crispus Nyaga is an investment analyst with great experience in financials. His expertise spans various domains, including Petroleum, Statistical Data Analysis, and Technical Analysis. Crispus is proficient in utilizing advanced tools to conduct in-depth market research and data analysis. Also, he has an academic background - holding a Master’s degree in Business from Kenyatta University.
Eno Eteng is a highly skilled and certified financial technician with a Diploma from the UK Society of Technical Analysts. As a pioneer alumnus of the Tony Elumelu Foundation's (TEF) Entrepreneurship Program (class of 2015), Eno has been a prominent figure in the financial content industry since 2009. Over the years, Eno has crafted more than 5,000 ghost-written articles for major industry players, including InvestooGroup, EasyMarkets, eToro, Spotware Systems, and high-profile clients like the Chief of Staff to the Delta State Government of Nigeria.

54 responses to “Fortrade”

  1. Huge scam they scammed or stole 13000,Manipulation of bid/ask spreads

    These types of scams have decreased over the years yet they are still around. This is why it is important to choose a Forex broker who is registered with a regulatory agency. These type of scams would normally involve having spreads of around 7-8 pips instead of between 2-3 pips which is the norm.

  2. HI everyone, It seems that all the people here do not have any idea about how CFDs trading works.

    Guys, I am a professional trader and I trade with different platforms from cash accounts to margin accounts.

    Fortrade is a legit company. However, the account manager that you are assigned to you can be rude or misleading sometimes but not all of them are like that.

    Whoever is trying to withdraw and could not withdraw simply can reach their compliance and the reason why the Withdrawal is not going through is that probably you are trying wrong WD. Try to withdraw with the same method you deposited with and you will be able to withdraw without an issue, If you deposited through a credit card choose credit card in the WD type.

  3. Thanks for the advices,I got a call from them yesterday & the lady couldn’t stop asking me when will I be able to make a deposit & promised to call me today again cos I was struggling to hear her as her accent(French)

  4. Horrible experience, before I deposit money they just keep caling and promising they will support and send me singals to trade and…, they never did that plus now once i try to withdraw my money which is about 7k it doesn’t let me and i am so disappointed and nervous because that money was all i had for my tuition to finish my school and I don’t know what the hell i have to do right now, they are FUCKING SCAM DO NOT TRUST THEM😭.

    • OMG I am so sorry to hear this:(
      Reading all these negative comments about Fortrade made me realize that I am not the only one who got scammed. Before they made me signed up for this platform, they kept calling me every few days and they were extremely nice. Once I put a deposit, the situation changed. They gave me a mentor who can’t even speak properly, she is arrogant and misbehaved and I better don’t even describe what she said to me. Now after I have complained, nobody answers me. I guess they are told to treat their customers badly and scam them. I guess this is just their way.

  5. Fortrades is a scam they took out 2900 out of my account when I only had 2750 and they closed my account but I have a meta account and was able to see it so I have screen shots to prove it if anyone wishes to see it. Don’t invest with them you will loss your money and not just to the market

    • Hi, How did they take out 2900 out of your account when you had only 2750? I just started trading on their website, and I’m worried.

  6. They have to approve your comments to so you only see the good ones let’s see if this one is aloud since my one about being a scam isn’t going to be

  7. Sorry to hear that you are having some issues with the app. Please contact our support team at support@fortrade.com, or call +44 203 966 4505 and they will be happy to help figure out what the problem is

  8. Hello, is Fort Trade legit. Who can recommend it to me in 2021 please. I am at the risk of joining, please help ASAP.

  9. Hello
    I am just writing this to see if someone can help me. I recently invested over $40, 000 with another broker (x24forex.com) and my account increased to $196,000U.S but know I am beginning to realize that this is a fraud. They are asking me to pay into a $15,000 -credit; I told them I don’t need a credit but they said if I don’t put it in they will not release any of my funds. I have 5 kids and have foolishly been duped. Can someone please offer me any advice? I am at a point where I have lost faith in humanity and the people that did this should be brought to justice
    Thanks for letting me share
    FRANK T

    • I would pay the 15,000 it’s like paying a fee I guess u still gon get to walk away with good money in hand… please can you contact me personally if anything positive came out of it I’m looking for a broker I can trust. My number is +2975678606.

    • I have also traded with another company and they were so so nice to same deal, London based but who knows where they are really, but the same process. I have made US$1,511,000.00and still I was asked to buy the so called contract. I asked why can’t they deduct the money of US$250,00.00 from the account and I will continue to trade with them?? The answer was that they took all my money and profit as well. Ended up losing AU$71,000.00 and my mortgage now is on the brink and I am selling my house as well as I am retired. Well, you are right, society is unfortunately very dishonest and to make it harder there are many suffering relying on honesty. Understand to have mercy and forgiveness to these people as God is watching. Hell is a big place… forgive, have mercy and hug your cross.

    • Hello frank also lost 58,000AuD ,please can you kindly contact me as am looking for someone to join me take this sites and scams down

  10. This is a negative review and discourages people from using this scam-type broker. Completely failure of an operation, its sole purpose is to deceive and take money from people who are new and fall in to a trap. Regulatory wise they have many licenses but they do not honour the rules, anyone who has used them and lost money due to their poor practises eg they call you hours on end and mis-sell or mislead their products, this is a breach across all regulatory channels especially in the UK under the FCA’s COBs 4.2, also under COBs 10 they are supposed to genuinely assess whether ‘we’ clients know the risks of these products, again another failure… speak out and really make this scam operation realise the public is not tolerating this

    • Sorry to hear that you are having some issues with the app. Please contact our support team at support@fortrade.com, or call +44 203 966 4505 and they will be happy to help figure out what the problem is

  11. THEY’RE NOT RELIABLE COMPANY. I’m in Canada and they called me from Europe with Canadian numbers. They’re just a registered company in Canada. For starting they called me almost every day until I put my money in. They ensured me that their system doesn’t allow customers to lose their money and we help our customers to avoid losing their money. But during the negative market, nobody called me and give me any advice on what to do. I lost all my money and nobody is responsible.
    They have limited stock companies and withdrawing process money is complicated too.
    I don’t recommend this company and stay away!

    • Hi Hmaed, Ive seen your review, Canada is a nation that protects its citizens, I would encourage you to take swift action – the authorities like IIROC have fined various brokers like etoro and IC Markets in the past, you will find that Fortrade is no different, the regulators need to know the shortfalls – best wishes

  12. I would not follow their recommendations or give into the sales pitches. They don’t have your interest at heart.

  13. I definitely would not recommend. They hounded me for weeks then I finally deposited $250. Then surprise steps kept showing up just to get to where u could use the funds. Why where these steps not taken before asking for money. So I got fed up and asked for my money back. Been almost a month now and they still can not even figure out how to send me my money back.

    • I would be very interested to know what happened to you to bring about such anger. If there is something with which our support team can assist, please contact them at support@fortrade.com, or call +44 203 966 4505

  14. fortrade is full of fraud. pls its my humble request not to deal with this company. i feel cheated first they give commitment for no swap charges for 3 months and later they will charge in another way like commission and make money. now i am emailing and calling no one respond . if you email also they will reply after 1 months. today i got reply that i dont have account with them. bull sheet people i am using this platform alomost 3 months and given all the detials. so you can udnerstand how they work.

    pls dont register with them . there are other site also who is more reliable and trustworthy.

  15. I have the same issue I have $300 which I can’t withdraw because they keep giving me excuses to why they can’t give me my money. FORTRADE is a SCAM. STAY AWAY

    • Me too… I deposited $1000 and started trading and later made $1800 and still had open trades so my available margin of $1000 which means I can still withdraw $1000. Normally the available margin is what you can withdraw, for example if your available margin is $20 you can’t withdraw above $20. So in my case since I had $1000 available margin I requested for a $300 withdrawal, and had no response, so I requested for $200 yet no response, instead they called me suggesting that I invest in a non moving stock promising me it would go up. I refused and insisted on making my withdrawal, then they said I have to close all trades before I can withdraw even with that huge profits and margin. I refused to close my trades and told them I’m not leaving the platform I just want to withdraw and confirm that my newly made bank card can receive my withdrawals…and asked them for how much is available to withdraw, their answer surprised me they emailed me saying “ maybe $10” – $10 withdrawal from a $1000 dollar available balance? BIG SCAM!!! STAY AWAY FROM FORTRADE!!!

    • This company is a scam. Their staff is rude, arrogant and they simply don’t know how to talk to people. They don’t have a clue how to explain simple things but rather make everything complicated. They also ignored me after I deposit 100€ into my new account. Stay away from them.

  16. I used to work at Fortrade, very bad people, the director Zeevi is a an asshole who wants his workers to die from COVID-19 and make him money.

  17. This site is unregulated and was only registered on 19 05 2020.

    A chinse wealthy lady befriended me on tinder and told me about he analyst, she said that she has got millions with this website and she has been using it for over a year, the website was resisted on 19 05 2020. the anilist then did 3 trades with me using a demo account. the trades were live and real. then he tried to get me to invest $30,000 into this site.

    I have been designing websites since 1994 and teaching since 1998, i also have a lot of friends in the forex market. the website is unregulated so there is no government the controls it, this means that the site could close tomorrow and you will lose all your money. you should only trade with regulated brokers. so they need to have the following statment

    Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.

    do not ever trade with any company that is unregulated.

  18. I can confirm the information above. The same happened to me as described by Angela Leonard. Now when reading other comments I could verify for myself the in particular the Account Manager, Nastasia Bozic, must be someone from Croatia and not from UK as the phone call usually appears to be from.

  19. Hi! I am from Serbia and all the managers mentioned above are Serbian people without any license. The company may have the license and is perhaps regulated but the “managers” and “consultants” are just regular people without licences, quite often students or of that age, doing what they were told to do so that the company can earn as much money as possible.
    I worked in a similar company until I realized what the business was about. Once you deposit the money, no-one really cares about you and depending on what type of trading you do, you may be given the wrong info in order to lose the money (which the company keeps in case of trading with binary options) or you simply may not be able to withdraw the money you deposited regardless of the win/lose situation.
    At the very least, you may be given a hell of problems while trying to withdraw the money so that most people just give up even if some manage to get the money back after a lot of time and a shit ton of attempts of sending documents/email/making calls etc and.
    Basically, what the companies of this sort do, they behave as though the money you deposited onto the account you created for trading is their own – and they actually use it to pay their associates and employees etc. That is why they do not answer the emails nor allow withdraws or make them next to impossible to perform.

    • I was also scammed, I invested 100 euro and they locked me out of the account that I deposited in.

    • I experienced the same after 3 years of working with them on a smaller account. Soon after funding my account to a big one, I decided I’m withdrawing everything. For the 1st time after 3 years of withdrawing without problems, I have been going back and fourth between live chat support and account managers. Account managers and support@fortrade.com are not responding to emails. Live chat support team keep taking back to the account managers as they say they are just operators and they don’t deal with such things a withdrawals.

      • So at first you didn’t have problems withdrawing? But that last time was problem? Did you succeed on the end?

  20. I have invested a 100 dollar on this so called fortrade and I have provided all documents which my manager required an still nothing has been done from the past 2 month he said he has send the money back to my account but nothing. This is a scam..

  21. Well, I have to say I had a very disappointing result when I invested £250 GBP with Fortrade. I was assigned to a Manager names Tamara Sutic.
    Once my money was invested, I heard nothing, 5 emails, she even sent me one and asked to reply using ‘reply’ She told me that she never received my reply. Tamara Sutic wanted my proof of deposit, which, fortunately I made through Pay Pal. My deposit from Pay Pal,
    I even printed a hard copy and sent it to her personally – still no response! Pay Pal also sent a copy of my payment.came with a receipt. Still no response. I fear this company or at least the Manager I was assigned to behaved very badly, not responding.
    I eventually raised a dispute through Pay Pal, and my money was back in my account in a matter of days.
    I just leave you with the thought, that you might want not to trade with Fortrade, use your investment wisely, through a reputable Site.
    Angela Leonard

    • Love their platform, found them very reliable.
      They even refunded me once for a losing trade because of some stupid reason i dont even remember… was just glad to see the money in my account

    • I had spent money with them and after closing trade neither they are paying back the money nor they are answering the emails/ phones. They have a support email on which they don’t even reply back. I was assigned a manger Mary Ordeñiza. She doesn’t respond. They seem to be scam

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