|Type of Broker||STP|
|Islamic Account (Swap Free)|
|Deposit Options||Bank Wire Transfer , Credit Card|
|Withdrawal Options||Bank Wire Transfer , Credit Card|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Customer Support Languages||English, Italian, Spanish, German, French|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
Fortrade - Review
Founded in 2011, Fortrade is an online brokerage platform that specializes in providing online forex and CFD trading services to institutional clients as well as individual retail traders. Based in the UK at Michelin House, 81 Fulham Road, London, SW3 6RD, Fortrade’s corporate mission is to operate with integrity and transparency in providing a conducive trading environment for traders from all over the world.
With more than 150 instruments to trade and regulated by the UK’s Financial Conduct Authority (FCA), any trader trading with Fortrade can be assured of a hassle free transaction at all times.
Fortrade has 3 types of trading platforms for their traders to choose from, Desktop Fortrader, Web Fortrader and Mobile Fortrader.
- Desktop Fortrader
The desktop Fortrader is a downloadable version of Fortrade’s trading platform which feature a powerful trading solution for traders of abilities. It is capable of delivering real time performance for more than 150 different types of instruments. It comes integrated with full range of trading tools, user friendly interface and customizable trading environment to suit any trading strategies and style.
- Web Fortrader
An online version of the Fortrader, the Web Fortrader is fully accessible by any internet ready computer. It features the same technological advancements as well as capability as the desktop Fortrader.
- Mobile Fortrader
Designed for iOS and Android powered devices, the Mobile Fortrader offers full-scale functionalities as Desktop and Web version of the Fortrader. With the Mobile Fortrader, traders can check their investments, analyze the markets and trade the markets directly from the palm of their hands.
To simplify matters, Fortrade only offer one standard type of trading account. Traders can start trading with an initial investment of just €/$/£100 depending on their account base currency. However, traders are recommended to make an initial minimum deposit of €/$/£500 before actually making any trades. A free demo account facility with a €10,000 virtual balance is also available to traders who want to test out the Fortrade platform before actually committing real funds to their accounts.
Commission & Spreads
The spreads which are applicable on trades made on the Fortrade’s trading platform depend on the type of asset which the trader is trading. The minimum spread start from 4 pips for forex, 0.5 pips over market for Index CFDs, 0.1 pips over market for European stocks and 0.2 pips for US stocks, $0.04 over market for commodities and 0.06 pips over market for US treasury bonds.
For customer support, traders can either contact the support team using email or the telephone. For the benefit of non-English speaking traders, Fortrade’s website is also available in German, Spanish, French and Italian.
- 3 types of trading platform
- 30% Deposit Bonus
- FCA Regulated
- Low minimum Deposit requirement
- Over 150 instruments
- Higher than Average spreads
- No Live Chat
- No localized support numbers
- No provision for MetaTrader 4 platform
- Only one type of trading account available
Although a relatively new broker in the forex and CFDs trading scene, Fortrade has over the past few years won the hearts of their traders purely by operating in the manner as espoused by their corporate motto, which is with integrity and transparency. In addition, the fact that they are regulated by the FCA helps to ease the mind of traders who are thinking of signing up with them. With their 30% deposit bonus and low initial deposit requirement, Fortrade has truly made forex and CFDs trading very affordable for everyone.