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Fortrade Review: 2017 Most Trusted and Secure Forex Broker Fortrade Review: 2017 Most Trusted and Secure Forex Broker
4.5
Fortrade is a leading provider of online forex, commodity and stock trading for both beginner and seasoned traders. The company delivers extremely fast trade... Fortrade Review: 2017 Most Trusted and Secure Forex Broker

Fortrade is a leading provider of online forex, commodity and stock trading for both beginner and seasoned traders. The company delivers extremely fast trade executions through its cross-platform technology and intuitive, easy-to-use graphical user interface, allowing immediate access to 100’s of tradable instruments from the world’s leading financial markets.

Fortrade is authorised and regulated to operate brokerage services by the Financial Conduct Authority (FCA), the regulator of the financial services industry in the United Kingdom.

The broker’s strong points include:

  • 30% Welcome Bonus (up to £3,000 on initial deposit)
  • Regulated by the FCA
  • Minimum deposit of only £100
  • Over 300 tradable instruments
  • Easy-to-use platform; available in multiple languages

Company Overview

Fortrade was established in 2013, and has grown rapidly to become a premier provider of products, services and platforms for online foreign exchange and CFD trading. Based in London, the company specialises in the development of trading platforms that are both technologically advanced and user-friendly. Focusing on user experience and simple usability, Fortrade offers a wide range of trading instruments, such as currencies, commodities, indices, ETFs, stock CFDs and more. It has operations in over 250 countries worldwide.

Account Types

In order to differentiate themselves from other brokers and to simplify matters, Fortrade only offer one type of trading account. Traders can open a real trading account with an initial deposit of only £100. However, the recommended minimum initial deposit is £500. When opening an account traders are automatically provided a demo account, with the same functions as the live account, and a balance of £10,000 virtual funds for practicing trading in a risk-free environment.

Commissions and Spreads

The company does not charge any commission fee on trades, including on forex, CFDs, stocks and futures. Spreads are based on the difference between the bid and ask prices of tradable products, and typically range from 3 pips for forex; 0.1 pips and 0.5 pips over market for global indices and stocks, respectively; and $0.04 over market for leading commodities such as Crude and Gold.

Fortrade Trading Platforms

Fortrade uses its in-house software to provide clients the ability to open trades and manage their portfolios at any time and from anywhere in the world. The company’s powerful trading platforms: Desktop, Web and Mobile Fortrade can be accessed from virtually all operating systems and handheld devices. Fortrade also delivers direct access to MetaTrader 4, one of the world’s most widely-used multi-asset trading platforms.

 

Desktop Fortrader

A downloadable version of Fortrade’s cross-platform trading system, Desktop Fortrader features a powerful trading solution for traders of all abilities. Preferred primarily by professional traders and institutional traders.

Web Fortrader

A fully online version of Fortrader, the Web Fortrader can be accessed from any Internet-capable computer or device. It contains all the advanced trading features, visualisations, tools and capabilities found in the Desktop Fortrader.

Mobile Fortrader

A fast and reliable online mobile trading application available for both Android and Apple. Traders can use it to get updates on market events and to open trades in a quick and effective manner from their phone or tablet – immediately as the action happens.

Deposits and Withdrawals

Fortrade offers multiple methods to deposit and withdraw funds, while taking special care to ensure clients’ funds are safe, reliable, and secure at all times. The trading platform utilises SSL encryption to provide data confidentiality and all online transactions are carried out in compliance with Payment Card Industry Data Security Standard (PCI DSS). It is possible to make a deposit and withdraw funds using credit cards, bank wire transfers, Neteller, Skrill and other e-wallets.

Customer Support

Fortrade’s support representatives are available via email 24 hours a day, 6 days a week and Live Chat support is available 24/5. Customer Support is offered in 6 languages: English, Spanish, Italian, German, French and Portuguese, but the website and trading platform are available in 8 languages. Those are the languages supported at current. Additional languages are being added from time to time.

Regulations and Safety

Fortrade is registered through the Financial Conduct Authority (FCA), Firm Reference Number (FRN): 609970. It is committed to upholding the highest standards for clients. The company subscribes to the FCA’s Treating Customers Fairly (TCF) which ensures businesses place the fair treatment of customers at the heart of their business model. Client money is held in segregated bank accounts at Barclays Bank PLC, this ensures that in the unlikely event of Fortrade becoming insolvent, funds held in these accounts will be protected from the creditors of Fortrade.

Leverage

Leverage is the ability to trade a large number of securities with a small investment. At Fortrade the maximum leverage is 200:1.

Sign Up Bonuses

Fortrade offers a generous sign up bonus and other bonus offers. When a new trader makes their first deposit into his/her trading account, they will be awarded a 30% Welcome Bonus of up to £3,000. (Subject to terms and conditions).

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