Accepts US Clients: No
Min. Deposit: $5
Platforms: CQG , MT4 , Webtrader
Overall rating: 4.44/5
|Type of Broker||ECN , STP|
|Islamic Account (Swap Free)|
|Deposit Options||Bank Wire Transfer , Neteller , PerfectMoney , Skrill , Webmoney|
|Withdrawal Options||Bank Wire Transfer , Neteller , PerfectMoney , QIWI , Skrill , Webmoney|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||CQG, MT4, Webtrader|
|Platform Languages||English, Spanish, Russian, French, Portuguese, Arabic, Chinese, Indonesian, Malaysian|
|OS Compatibility||Mac OS , iOS , Linux , Windows , Android|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|Customer Support Languages||English, Spanish, German, Russian, French|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
Fort Financial Services Review
Initially established in 2010 under the brand name of TradeFort, this online broker was rebranded as Fort Financial Services in 2013 after receiving its international financial broker license (IFSC/60/256/TS/13) from the International Financial Services Commission of Belize. Since then, Fort Financial Services (FFS) has gone on to prove itself in the online industry winning many loyal clients along the way.
FFS’s main focus has always been to provide online traders with quality brokerage services for a full range of products to both new traders as well as experienced traders. Being an innovative broker, FFS has been setting the pace for the online industry to follow by being the first to introduce new services such as special insured accounts for new traders, free VPS and automatically notifying traders that they are approaching Margin Call.
To support their traders, FFS have taken the initiative to provide their traders with several different types of platforms.
The main types of platforms which are at the disposal of FFS’s traders include the MetaTrader 4(MT4), CQG Trader, NINJATRADER and Binary Options platform.
- MT4 Platform
The MT4 platform needs no introduction for most traders as it is the most widely used platform by the online trading industry. The availability of a wide range of trading tools and compatibility with Expert Advisors (EAs) is what makes the MT4 so popular among traders.
- CQG Trader
For traders requiring a fast and safe execution of orders based on quality data, the CQG Trader provides them with direct market access (DMA) to more than 40 exchanges throughout the world.
This platform comes with features such as advanced charting, market analytics, trading system development and trade simulation.
- Binary Options Platform
This platform gives trader the ability to trader in binary options across the forex market, commodities market, stock market and market indices.
To further enhance their services to traders, FFS have also provided support for mobile trading, web based trading and one click trading. For traders using EAs with their trades, FFS have provided them with the use of a virtual private server (VPS) service for a more reliable internet connection.
One the most unique feature about FFS is the welcome that they shower on new traders. If you are a new trader and you have signed up and verify your identity with them, you will be given a free $5 welcome bonus which you can use to get yourself better acquainted with FFS and the trading conditions without having to risk your own money. This bonus is entirely separate from what they offer when you make a deposit with them.
AT FFS, traders have access to a diverse range of financial instruments to trade with. They cover CFDs, futures, options, binary options, forex, precious metals, market indices and even energies.
Recognizing that different traders have different trading needs, FFS have provided their traders with several types of trading accounts such as:
- Forex Demo Account
- “Beginner account”
- Forex Cent account (floating or fixed spread)
- Fort Forex Account
- Flex Forex Account
- Pro Forex Account
As mentioned earlier, FFS is a broker who takes the trouble to distinguish between new traders and experienced traders. This is why they came up with a special type of “beginner” trading account that is geared specifically towards new traders.
Spread & Commission
In terms of minimum spreads payable, they start from 0.1 points (Pro Account) and go up to 1.3 points (FLEX account). Fixed spreads starts from a minimum of 2 points (Fort Account). As for the commission payable for CFD trades, they start from $10 for the Fort and Flex accounts. Pro accounts are subject to a commission rate ranging from $1.50 to $9. For DMA trades, the commission starts from $3 for both forex and futures trades.
For customer support, traders can contact the support team using email, web contact form, live chat or call them directly on the telephone. They also have support for Zingaya which traders can use to make free calls on the internet!
- Customer Support with Voip
- DMA Access with CQG and NINJATRADER platforms
- Free VPS Service
- Multiple choices of trading platforms
- Wide range of instruments for trading
- Website navigation overly complicated
Having fully reviewed their services, it is easy to understand why traders are drawn to FFS. They have gone through a great deal of effort to ensure that their traders can trade with the best possible conditions. With their commitment to continuing to surprise their traders with new capabilities and services, there is no doubt in our mind that they will grow even more popular with the demands of today’s discerning trader.