Regulation FCA
Accepts US Clients: No
Min. Deposit: $100
Leverage: 1:200
Platforms: In House

Broker Overview

Company Information

Broker’s Name Fortrade Limited
Website Fortrade.com
Headquartered in London
Founded in 2011
Regulating Authority FCA
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number By E-Mail
Fax Number 44.20769179
E-mail Address Support@fortrade.com

Account Options

Type of Broker STP
Commission No
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 1:200
Minimum Deposit $100
Deposit Options Bank Wire Transfer , Credit Card
Withdrawal Options Bank Wire Transfer , Credit Card

Bonus & Rewards

No Deposit Bonus Yes
Bonus for First Deposit Yes
Is the Bonus Based on the Volume of the Transaction? ForexTradingTime.com_ Forex Brokers List & Reviews
Other Bonuses Yes

Trading Platform

Platform Type In House
Platform Languages English, Italian, Spanish, German, French
OS Compatibility iOS , Windows , Android
Streaming News Feed  ForexTradingTime.com_ Forex Brokers List & Reviews
Trading Signals ForexTradingTime.com_ Forex Brokers List & Reviews
Automated Trading ForexTradingTime.com_ Forex Brokers List & Reviews
Trade From Charts ForexTradingTime.com_ Forex Brokers List & Reviews
Market Commentary Yes
E-mail Alerts ForexTradingTime.com_ Forex Brokers List & Reviews
Mobile Alerts ForexTradingTime.com_ Forex Brokers List & Reviews
Scalping ForexTradingTime.com_ Forex Brokers List & Reviews
Hedging  Yes
Trailing Stops ForexTradingTime.com_ Forex Brokers List & Reviews
Guaranteed Stop Loss ForexTradingTime.com_ Forex Brokers List & Reviews
Guaranteed Limit Orders ForexTradingTime.com_ Forex Brokers List & Reviews
Guaranteed Fills ForexTradingTime.com_ Forex Brokers List & Reviews
Interest on Margin ForexTradingTime.com_ Forex Brokers List & Reviews
One-Click Execution ForexTradingTime.com_ Forex Brokers List & Reviews
OCO Orders ForexTradingTime.com_ Forex Brokers List & Reviews

Customer Service

Customer Support Languages English, Italian, Spanish, German, French
Customer Service Hours 24h
Place Trades Over the Phone?  ForexTradingTime.com_ Forex Brokers List & Reviews

Fortrade - Review

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 Review1

Trading Platforms


Fortrade has 3 types of trading platforms for their traders to choose from, Desktop Fortrader, Web Fortrader and Mobile Fortrader.

Fortrade Review12
  • 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.

Fortrade Review120

Account Types


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.

 

Customer Support

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.

 

Pros

  • 3 types of trading platform
  • 30% Deposit Bonus
  • FCA Regulated
  • Low minimum Deposit requirement
  • Over 150 instruments

 

Cons

  • Higher than Average spreads
  • No Live Chat
  • No localized support numbers
  • No provision for MetaTrader 4 platform
  • Only one type of trading account available

 

Conclusion

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.

 

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