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Fortrade review

Fortrade


On-line since: -
Country of origin: the UK
Regulation: The Financial Conduct Authority (FCA), UK
Payment options: bank transfer, Visa and Mastercard bank cards, electronic payment systems.
Minimum account size: $100
Minimum lot size: 0.01
Leverage: up to 1:200
Spreads: from 2 pips

About the company:

Fortrade was founded in 2014. It is headquartered in the UK at Michelin House, 81 Fulham Road London, SW3 6RD.

The company’s website is presented in 15 languages, including Russian. The broker provides services for clients worldwide.

UK regulation is a good guarantee of funds’ safety.

Trading instruments

  • currency pairs;
  • cryptocurrencies;
  • indices;
  • EU shares;
  • US shares;
  • commodity assets;
  • US bonds;
  • exchange-traded funds.

Trading platforms

MT4, MetaTrader 4 Mobile, Fortrader online, iOS Fortrade, Android Fortrade, Fortrader for PC.

Account types

Apart from a standard trading account, traders can opt for an Islamic account without swap.

Affiliate programs: available.

Criticism by traders

Fortrade offers reasonably good trading terms. The broker is licensed by a non-state UK regulator. Besides, its website has a full-fledged Russian-language version.

The company keeps its website updated, traders can find analytical and training sections useful.

However, Fortrade’s reputation is not that good among traders from Russia and the CIS. There are a lot of comments saying the broker is dishonest. Although, there is positive feedback as well.

Before trading with Fortrade, try using the company's demo account with the minimum deposit in order to make sure that its employees are decent and competent.

Advantages:

  • variety of trading instruments;
  • own trading platform in addition to MT4;
  • regulated in the UK, Belarus, and Austria.

Disadvantages:

  • a lot of negative comments, the broker needs to be checked.

Fortrade 0/10 (votes 2240)
Author of Fortrade: Yepmone | Date 2022-05-25
I feel secure trading with Fortrade because any time I can withdraw funds instantly. They make very nice bonuses and it so good I can even withdraw my money straight away after trading! If I have issues, Support team is always happy to help me. I would suggest Fortrade to all kind of broker. .
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Author of Fortrade: Ito | Date 2022-03-31
Sometimes take profit are not triggered because of this spread and I have to close manually or set the breakeven settings. For 3 days, they cost me $100 by closing my position at a critical lows, then by the time I logged back on the rebound was over and my I couldn't buy back in. They manipulated the margin and spreads on you and auto close your trades making it almost impossible to profit in long run. They never give my money. Please, stay away from them, because your money is not safe from this company.
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Author of Fortrade: LAM NGUYEN | Date 2021-04-20
My trading is profitable at Fortrade platforms. As I've got many trading advantages with their build-in analytical tools, indicators and EA. Also, their payment service is the fastest, so I am comfortable dealing with Fortrade. Till now I can earn $200 and withdraw this money through the Neteller account. Overall I say Fortrade broker is reliable!
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Author of Fortrade: Lukman | Date 2021-03-12
I loose $4,000 in Foretrade even my withdrawals are blocked by the their website. I really do not understand the intent and purpose of this broker. I believe these brokers do not make the process all of my data. they until now have not give the news to me. They are really fooling people. You will loose your money. I would suggest don't join any this broker or even their partners. I have bad experience with this broker.
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Author of Fortrade: Tasniya | Date 2021-02-09
For beginners, Fortrade could be a starting ground on your trading journey. This broker provides trading services that are easy to use. However, professionals might not like this broker as they lack advancements and innovations.
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