Scambroker fortrade

They offer on their order types, stop loss and profit taking features. Leverage on forex CFD trading is as high as 1:200 for professional traders, and up to 30:1 for retail traders.

Top forex bonuses

As a truly global broker, their website is available in the following languages: english, german, spanish, italian, swedish, croatian, nederlands, portuguese and more. You can see other popular forex brokers on the best forex brokers page.

Fortrade review

Fortrade is an international forex broker, that is licensed and authorised by FCA & ASIC. Their phone number is: +44 207 862 1761, and the contact email address is [email protected] .

Fortrade broker review

Our objective review of fortrade shows, that they are providing their investors and day traders with a large variety of underlying assets to trade. Available assets include; forex pairs, crypto currencies, market indexes, stocks, metals, energy products, agriculture products, US treasuries and etfs.

In addition to metatrader4, their bespoke trading platforms are easy to use, and you have three options. Fortrader pro web, a desktop software and mobile trading apps for both android and ios, look here.

They offer on their order types, stop loss and profit taking features. Leverage on forex CFD trading is as high as 1:200 for professional traders, and up to 30:1 for retail traders. As a truly global broker, their website is available in the following languages: english, german, spanish, italian, swedish, croatian, nederlands, portuguese and more.

Minimum deposit requirement for a new trading account is $100, however most people start with their free demo account, register here.

Fortrade pro trading app

Is fortrade a legit broker?

The most important thing to check when researching a broker, is to see that they have a valid brokers license. On scam broker investigator, you can find reviews of more than 600 brokers and trading apps

The reason smart people online invest with a licensed broker, is because there are many investment scams online. By using a licensed and regulated broker, you know your money is safe, and the company is monitored by the government regulators.

Fortrade limited is licensed and regulated by the FCA (financial conduct authority) in the united kingdom. Their FCA reference number is 609970, and they have been a licensed broker since april 17th 2014. Official address is at: michelin house, 81 fulham road, london, SW3 6RD, united kingdom.

Fort securities australia pty ltd, located at level 5, 20 bond street, sydney australia, NSW2000 is is licensed and regulated by ASIC, ABN: 33 614 683 831, AFSL number: 493520.

Fortrade canada limited is a member of the investment industry regulatory organization of canada (IIROC). They are located at: 1200 waterfront centre, 200 burrard street, P.O. Box 48600, vancouver BC V7X 1T2.

They also hold a european union license from the national bank of the republic of belarus, as well as cysec in cyprus.

Compare popular brokers

When comparing the CFD and forex brokers, it is always important to check that your broker is actually licensed to operate in your country. There are many brokers to choose from, but ultimately, traders only use legitimate brokers with a license.

Avatrade is a popular broker that is regulated in many countries, and they now offer social trading. Check out their avasocial trading app, and start trading with only $100, see here.

You can see other popular forex brokers on the best forex brokers page.

Are you currently investing with this broker? Please share your experience with other readers in the comments below.

Tradelax review

Tradelax is a new unlicensed forex & crypto CFD broker, that opened recently in june 2020.

For problems making a withdrawal from a broker, read this.

Tradelax review

Our review of tradelax shows that they are offering investors, the CFD trading software platform made by tradologic. The trading platform has the full range of underlying assets including: currencies, crypto currency, individual shares, market indices and commodities.

You will find two trading platform choices, either their simplex or forexpro trading software. Shown below is a screenshot of their simplex trading software. Investors will not be able to use the popular MT5 trading platform, or any mobile trading apps. Their website is only available in english, and they are working with crypto apps being promoted in the UK.

You will lose money using a fake trading app!

Check the popular trading apps, look here.

The minimum deposit requirement for a new account at a broker like tradelax is usually $250. When you try to make a deposit via wire transfer, it does not work. When you deposit via credit card, you are redirected to instacoins to purchase crypto for your deposit.

After your initial deposit, you will probably get a phone call from a salesman offering you a managed account with high monthly returns. Before chasing dreams of high returns, read this.

Tradelax broker review

Is tradelax a good broker?

No, tradelax does not have a license, and they are not a regulated broker.

The official corporate entity that owns this broker is not mentioned, although in their terms and conditions, they list an address of: first flооr, first st. Vinсеnt bank ltd building, james stгееt, РO вох 1574, kingstown, VC0100, st. Vincent and the grenadines.

Contact phone number from australia is: +61272277290, and from united kingdom is: +442035192714. They can be reached via email at: [email protected] . Their official website is at: tradelax.Com.

On the scam broker website you will find hundreds of reviews of CFD brokers, in which we check to see if they are licensed and regulated brokerage firms, or possible scams. The way an investor should properly assess a new CFD broker, is by checking to see if the FCA in united kingdom or australia’s ASIC regulates them. ASIC and the FCA have warned investors in australia and england to only invest with a locally licensed forex broker, read more.

Compare regulated brokers

You can find reviews of popular regulated brokers listed here. Many people get overwhelmed by the choice of online brokers, because there are so many of them. Below is a popular broker to try out.

Fortrade is a very popular broker, because they are licensed & regulated by the FCA united kingdom and ASIC australia, see here.

Try a free demo account on their unique trading app, signup here.

If you are currently an investor at tradelax, please share your experience in the comments below.

Fortrade review

You are considering trading on FX market and look at fortrade to be your broker? Take a step back and see what we found out in this fortrade review. You may think twice before putting your money in their hands. Stick around and see the stunning facts we found out.

About fortrade

This is a rather young broker, with less than three years of activity on FX market and with only two under the regulation of UK authorities. But this should not necessarily be a bad thing. A new broker is not necessarily a scammer.

Fortrade technology review

Well, this is a first. The broker asks its clients to use low security settings. And we quote: “firstly, attempt to log into the platform using a different web browser (e.G., try firefox if you were using internet explorer). If that doesn’t work, check the security settings in your web browser to make sure they’re set to medium or low”.

How can you trust with your money some broker who asks for medium to low security settings?

Account types?

Well, this is where we got stuck. There is no need to use plural. They only have one type of account. And their explanation is somewhat ridiculous: for the easiness of trading. Not buying it, but let’s move on with this fortrade scam review.

And things only get worst: while they have a minimum deposit limit of USD 100, they recommend you to trade starting with USD 500 deposit. Again, they only think of you, the trader and how you can make the most of your money. Or at least this is their claim.

Fortrade trading tools

And things go from worst to worst. Let’s look at the trading platforms. This broker only offers its own magic solution, in the form of fortrader for desktop, mobile or web. No MT4, no calgo. Now this is strange. How come they only let you use their platform and none of the independent, well-established and truly reliable ones?

At least the products they offer are common: FX, stocks, indices, commodities, US treasuries, etfs, about 200 currency pairs etc. However, as per fortrade opinions from traders, the spreads are on the low side, with 4 pips for FX, 0.5 for cfds and 0.04 for commodities.

Fortrade bonus review

The broker claims to offer a 30% welcome bonus that you will receive as soon as you open an account with them. So, all you have to do is fortrade login and you will get 30% of your deposit to help you in your trading strategy. Or does it?

This comes with conditions that you need to meet, and that are not easy to find on the broker’s website. So, you would better stay away from this type of “support” if you can’t find the conditions you need to meet.

Withdrawals

This fortrade honest review is not complete without mentioning the withdrawal terms. And they are quite some terms. Hiding behind the anti-money laundry requirements, this broker would give you your money whenever it pleases. First of all, you can’t request the money to be sent to another account than the one you used to make the deposit. Not even if you are willing to verify it. And be aware that if you paid with credit card, you may wait for 15 (!) days until you see your money.

Fortrade support review

While they claim to have a 24/5 support via phone or e-mail, the traders who actually worked with this broker say trying to get in touch with them is anything but easy. So, much like the products that they sell, the support they offer is nothing but a paragraph on their website. There are no localized phone numbers, and the live chat is non-existent. So this is yet another proof in line with fortrade scam.

Fortrade review conclusion

There are quite a few negative points that we discovered in our attempt to determine how good this broker really is. Starting from the strange choice of offering a single account type, that is to say the least uncommon in trading, and continuing to the single platform to trade on, this broker offers more question marks than strong points.

Fortrade forex review only showed that traders should stay away from this broker, this being the only solution for them not to lose money.

And to top it all up, the terms for bonuses are well hidden, the technology is unreliable, and the overall experience is anything but good. Conclusion: this is a scam and you should stay away.

Fortrade review: is regulation enough reason to trust fortrade?

Most people are under the impression that proper regulation is confirmation that a forex broker is safe to work with. But this is far from the truth. Online brokers know that a customer will check its regulation first before committing their money. For this reason, most of them have proper regulation.

Fortrade review

Should you trust fortrade because it’s regulated? The answer is NO!

You need to dig deeper and stay alert for the red flags, as we have done in this eye-opening fortrade review.

We are going to be assessing if fortrade lives up to its motto: “trust and transparency in all that we do.”

If you have already lost your money to this trader, worry not. Schedule a free consultation with our experts. We can help you recover it.

About fortrade

Fortrade operates as a currency and trading platform. It operates under fort securities BLR LLC, which is registered by the minsk city executive committee.

The broker works with a variety of markets, such as currencies, precious metals, stocks, energy products, indices, and US treasuries. It provides the metatrader4 trading platform, available in both desktop and mobile versions.

Fortrade does not provide account tiers. It charges $10 in inactivity fees, applicable if your account remains dormant for 180 days. You’ll lose that $10 every thirty days until your account balance gets to zero.

Fortrade’s withdrawals take up to five business days if you are using bank wire transfer, and up to 15 business days for credit and debit cards.

Is fortrade regulated?

Fortrade cannot legally operate in belgium and the united states.

Fort securities LLC is authorized to operate in belarus. The national bank of the republic of belarus regulates it with reference number 193075810.

It is also authorized to operate in the UK and regulated by the financial conduct authority (FCA) under reference number 609970.

Fort securities australia pty ltd is licensed and regulated by the australian securities and investments commission (ASIC) under ABN: 33 614 683 831 and AFSL number: 493520.

Fortrade cyprus ltd is licensed and authorized by cyprus securities and exchange commission (cysec) under the number 385/20.

Fortrade canada limited is under the regulation of the investment industry regulatory organization of canada. It is also part of the canadian investor protection fund.

Impressive? Don’t let that fool you.

There is plenty of reason to stay away, as we will see in this candid fortrade review.

Fortrade’s bonus bait

The promise of bonuses is an easy way to lure in unsuspecting customers to invest their money only to lose it later.

Fortrade offers two bonuses, a balance bonus, and a credit bonus.

But here is the catch; you can only withdraw them if you reach a target volume. That’s 10,000 £/€/$ for each 1 £/€/$ bonus you receive, which is pretty high. This condition pushes people to keep on trading even when they lose their money.

There is more. The bonuses are subject to cancellation by company policy at any time. You could easily lose your reward even after working so hard to earn it.

Fortrade limits bonuses. All at the discretion of the company. If it’s truly transparent, why isn’t it clear as to why a customer could lose the right to earn a bonus?

The red flags that prove a fortrade scam

Fortrade gives the impression of a trustable company using its catchy motto, numerous impressive regulations, and professional website. But it uses other hidden and sneaky methods to have customers lose their hard-earned money. The only way to see what’s behind the veil is by looking at the experiences of those who have traded with the broker.

We are going to gather this information from reputable review websites, where they do not accept paid reviews.

1) excessive follow-up calls

One of the biggest signs of an online trading scam is pushy advisers. Once they have your contact, they will call you several times to get you to invest your money. And according to this review on trustpilot, fortrade goes as far as bribing you.

Although this customer suspected foul play early enough, other customers could easily give in to these endless calls and invest their money, only to lose it.

This review on forex peace army is enough warning.

2) delayed withdrawals

In its FAQ page, fortrade states that the maximum time a withdrawal can take is 15 business days.

But according to this customer on trustpilot, they had still not received their withdrawal past the 45 th day. Any attempts to follow up on their money had proven to be in vain. The customer got empty promises from the account manager and no response from the customer support staff.

The poor customer support is also mentioned by another customer on the same review website. Additionally, their deposit money was yet to reflect in their account three weeks after making a transfer.

This customer who took their complaint to forex peace army reveals that he has waited three years and is yet to receive his money.

3) technical abnormalities

The above complaint also mentions ‘technical difficulties with their mobile app’. Another customer mentions the same issue on the same review website. These technical issues will cause you to lose money through suspicious price adjustments that happen during downtime.

The low overall score on the forex peace army website is enough to sum up this fortrade review. It shows what the trader’s previous customers think about the company based on their first-hand experience. It is a fraud that appears trustworthy at a glance but does not have its customers’ interests at heart.

Fortrade review conclusion: is it a scam?

While proper regulation is necessary for a broker, it does not guarantee that you can trust it.

There is a trend that stands out from the complaints given by fortrade’s previous customers. Fortrade advisers will push you to invest money in trading. Once you give in, the trader will use unfair methods to make you lose it.

Its representatives will give misleading advice, and if you are able to make your own judgments, ‘technical difficulties’ will ensure that you lose. Any attempt to withdraw your money will turn out to be a frustrating waste of time.

If you have fallen for this scam, we can help you recover your money, schedule a free consultation with us, and be alert for online trading scams.

Fortrade review - is it scam or safe?

RECOMMENDED FOREX BROKERS

Trading accounts

Account type	minimum deposit	minimum trade size	maximum leverage	spread
live	$100	0.01	1:200	2 pips on EUR/USD

This forex broker offers its clients just one live trading account type with leverage up to 1:200, micro tradeable lots and no commission fees.

The company

Company	country	regulation
fortrade ltd.	UK	FCA

Fortrade is the trading name of fortrade ltd., a UK-based company authorised and regulated by the financial conduct authority (FCA).

It was established in 2011, and now it offers a wide range of trading instruments covering more than 150 currencies, as well as commodity, index and stock cfds through their in-house platform, as well as the metatrader 4.

Security of funds

Fortrade ltd., operating under the brand fortrade, is duly licensed and regulated by FCA. UK-regulation is famous for its strictest standards and supervision. To acquire a license from the UK financial watchdog, brokers have to prove their financial stability and to meet a number of requirements. For instance, clients` funds are to be kept in segregated bank accounts separated from the company’s operating funds. What is more, regulated companies must hold a minimum of €730 000 to be considered financially stable. Similar minimum capital requirements apply in other jurisdictions: australian brokers are obliged to possess at least $ 1 million; cyprus-based brokerages are required to hold € 1 million; and US forex brokers must possess $ 20 million.

Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the financial services compensation scheme, where the maximum compensation cover is £50,000 per person per regulated firm.
Here is a list of more FCA-regulated brokers.

Trading conditions

Minimum initial deposit
fortrade recommend a minimum initial deposit of 500 EUR/USD/GBP, however it is possible to start trading with just €100. This is an average minimum initial deposit. In comparison, other UK-based forex brokers, like fxpro, require $500, and XM for instance demands just $1 from traders to start with.

Spreads & commissions
fortrade charges no commissions, as it gets its remuneration through the spread. This broker offers fixed spreads, amounting to 2 pips on EUR/USD, which is average for the market. Yet, trading costs with other brokers are lower. For example, fxpro provides average variable spread of 1.4 pips on the EUR/USD for its commission-free MT4 accounts.

Leverage
this broker offers different maximum leverage levels, depending on the instruments traded: 1:50 for indices and commodities cfds, 1:10 for stock cfds and 1:200 for most currency pairs.

A maximum leverage level of 1:200 is standard for the forex market. If you need higher leverage, other UK-based brokers provide such: HY markets – 1:300; admiral markets - 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.

Leverage allows traders to gain large exposure to diversified markets with a relatively small amount of invested capital, however it is healthy to keep in mind that the higher the leverage ratio, the higher the risk. Leverage is a double-sided coin.

Trading platform

Fortrade offers its services on two trading platforms, its in-house fortrader and the the popular metatrader 4.

Fortrader is available as desktop, mobile and web versions available. This is its proprietary platform, which is very simple and easy to use, yet traders who are used to the advanced features offered by MT4 may find it too simple and not very handy.

Besides, fortrade supports the most common platform for currencies trading, MT4. It also is available in all forms and shapes, for desktop, web and mobile users. This platform is highly valued for its reliability, ease of use, and top notch professional tools and features: great charting package, wide range of expert advisors, indicators, backtesting options, etc.

Welcome bonus

Like many other brokers, fortrade also offers a welcome bonus, amounting to 30% of the first deposit (up to €3000). The deposit must be €100 as a minimum and the bonus expires within 90 days.

Bonus monies may be used for trading only and cannot be withdrawn until account trading volume reaches 10 000 base units for every €1 bonus.

Methods of payment

Fortrade’ s clients can make deposits and withdrawals from and to their accounts via credit/debit cards, bank transfer, wire transfer, skrill and neteller.

Conclusion

Fortrade is a well-regulated UK-based broker offering trading in forex and various cfds under competitive trading conditions. To sum up the above, here are the pros & cons in relation to this broker:

Pros	cons
FCA-regulated	only one account type offered
30 % on deposit welcome bonus
MT4 available, as well as in-house platform

Latest news about fortrade

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS mastercard is also available for faster deposits and withdrawals.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Trade245 review

Trade245 is a new forex broker, that opened in july 2020, and officially they are regulated by the FSCA.

Owned and operated by; red pine capital (PTY) LTD, they are located at: st andrews office park block A, 39 wordsworth avenue, senderwood, gauteng, 2007, south africa. Contact phone number in south africa is; +27878288245, and the email address is; [email protected] . Official website is: https://trade245.Com.

Investors with complaints or withdrawal problems should read this.

Trade245 review

Our review of the brokers trade245 finds, that they offer day traders and investors, the standard MT4 or MT5 trading platform. Clients can either download the desktop trading app, or install the mobile app from itunes or google play. At this point we did not see any web-based trading app. Get the best web trading app, see here.

Trade245 offers more than 150 underlying assets for trading CFD’s, including all popular forex pairs and some crypto currency pairs like bitcoin. Margin / leverage rates on forex pairs is up to 500:1, and crypto leverage is 10:1. Many new investors look for brokers with high leverage because they believe they will make money easier that way. The reality is, that trading with high leverage is very risky, and new traders don’t understand the risks, and end up losing their money quickly.

The minimum deposit for a new trading account is not mentioned on the website, but your account can be held in ZAR, USD or GBP. Deposits can be made via credit card, skrill, M-pesa and ozow.

Trade245 broker review

Automated trading apps

Many forex brokers today are connected with automated trading robots and signals software. You can research the best trading signals and algorithm software, see here.

Fake instagram forex trader

Many south african’s get involved in forex trading & investing, because of a trader they found on instagram. Fraudsters create fake instagram profiles, and display a high rollers lifestyle, which they claim comes from their success in forex trading.

Before following one of these traders, you must know that the people running managed account schemes are very often frauds! They are setup as introducing brokers, and many of them will profit off of your trading volume.

First thing to do, is educate yourself about day trading, and then look into copy trading at a regulated broker like CM trading.

Is trade245 a legit broker?

Trade245 is technically owned by red pine capital (PTY) LTD, which is an FSCA regulated forex broker, with license number FSP 46044.

A little bit of research shows that zumafx is also using the same license. Various sites are reporting that this broker may be somehow connected with veracity markets or JP markets. Trade245 mentions on their website that marketfinancial ltd which is based in seychelles, acts as the counterparty to investors trades. They are licensed by FSA seychelles license number SD006. Many forex broker are using this same FSA license number.

When the scam broker investigator reviews a new forex or crypto CFD broker to determine if they are legit or a scam, we first look for a valid brokers license. In recent months, we have seen many scam unlicensed brokers, disappear or simply go out of business.

The best brokers are always licensed by ASIC australia, FCA united kingdom, or your local governments financial regulator. Smart investors will always use a licensed broker, because of the protection you are afforded from your financial regulator.

Compare forex brokers

Smart investors always review a few different brokers before making a final decision, see the best brokers list.

CM trading is a popular FSCA regulated forex broker in south africa, offering the copykat trading software, look here.

Setup a free demo account at: cmtrading.Com.

What was your experience investing with the brokers at trade245? Please share your review in the comment section below.

Fortrade review 2020 – is this broker legit or a scam?

By gustaw brzezinski

Fortrade reviews – will this broker meet your trading needs?

In order to trade online, you need to partner with a broker that will provide you with direct access to a trading platform. Today, the market has thousands of brokers available, all offering a wide range of services, features and trading tools. There are also those brokers that are simply set up in order to scam people out of their hard earned cash, so it is vital for you to do your homework before signing up with a broker. In addition, it is recommended to fully understand the type of trader you are and your trading needs and, in this way, you will be able to partner with a broker that will provide all the features and tools that you will require to achieve your trading goals.

With this in mind, today we are going to be reviewing fortrade, a forex and cfds broker that was established in 2013. Based in the united kingdom, fortrade’s mission is to provide their global clients with a user-friendly trading environment that caters to both new and advanced traders. They also strive to operate with integrity and transparency and to provide their traders with access to a wide range of assets to trade.

So, let us take a look if fortrade lives up to their mission.

First impressions

From the moment we entered the fortrade website, we were a little bit overwhelmed! As you scroll down the page, you are bombarded with a lot of information and it took us quite a lot of time to make sense of all the little paragraphs of information. In comparison, you can take a look at pepperstone or even europefx and you will immediately see that these sites that are a lot more organized and easier to navigate. Fortrade seems to place a lot of emphasis on market analysis and this information can be found all over the site. While this is not necessarily a bad feature, for some traders, especially new ones, this could be overwhelming.

Despite this, fortrade seems to offer a variety of services that will enable a trader to trade a wide range of assets. Let us dig a little deeper.

Fortrade regulation

Signing up with a regulated broker is a necessity today and it ensures the safety of your personal and financial information. Fortrade is regulated by three financial regulatory agencies, which include the UK’s financial conduct authority (FCA) under registration number FRN: 609970, the national bank of the republic of belarus (NBRB) as well as the australian securities and investments commission (ASIC), under the registration number AFSL number: 493520.

A core benefit of a regulated broker is that the regulatory agencies help to ensure that fortrade operates within their strict regulatory guidelines and with transparency. In addition, fortrade is required to maintain their clients’ funds in segregated bank accounts and to undergo regular audits by an independent third party. In addition, the traders at fortrade are also protected under the financial services compensation scheme (FSCS). This means that should the broker face insolvency issues; a trader is then able to file a claim for compensation under the FSCS for a maximum amount of £50,000.

We definitely give fortrade a star for their regulation but just to put it into perspective, there are many other brokers in the industry that are also regulated and provide a secure and transparent environment, such as europefx, itrader, 24option and pepperstone brokers. What we are saying is that you need to evaluate other features and services of a broker as well, since regulation is quickly becoming the norm in the industry.

Trading platform

One of the most important features offered by any broker is the trading platform. It is from here that you will make your trades, so if the platform is very complicated and hard to understand, the broker is of no value to you.

Fortrade offers two main types of trading platforms, which include their in-house fortrader platforms as well as metatrader 4 (MT4) trading platforms.

Fortrader platforms

These platforms are available as web-based, on mobile or as a desktop client and they come with live price feeds, comprehensive price charts as well as a choice of trading indicators. From the web-based version of the fortrader platform, you can access the platform with any compatible web browser and you do not need to download or install any software. While it is innovative that fortrade has their own in-house platform, the fact is, most traders are used to using the more popular platforms, such as metatrader or webtrader, as available at europefx. Based on this, there is a learning curve when you trade with the fortrader platforms.

Metatrader 4 platforms (MT4)

Metatrader is the world’s most popular trading platform and most brokers in the industry offer this platform. The platform is highly customizable and it also has an advanced charting package with a wide choice of indicators. A popular feature of MT4 is that the platform supports automated trading with the use of expert advisors (eas). On the fortrade website, MT4 is available as a desktop client and as a web trader. In comparison, brokers such as pepperstone also offer the latest metatrader platform, MT5.

Fortrade mobile trading

A great feature that fortrade offers is mobile trading. This caters to the ever-increasing smartphone equipped trading community and their clients are able to access the MT4 and fortrader platforms while on the go. In the same way that you can download the trading apps of other brokers, such as europefx, you can download the fortrade mobile trading apps free of charge at the google play store and the apple app store.

Which assets can you trade?

Fortrade offers a wide range of assets to trade. These include currencies, indices, stocks, precious metals, energy products, agriculture products, US treasuries and etfs. While fortrade does offer a big range of assets, they lack in cryptocurrency trading. For example, if you visit the golden markets site, you will see that they offer a number of cryptocurrencies to trade, including on bitcoin, bitcoin cash, dash, ethereum, golem, monero, ripple and zcash. While this doesn’t mean that fortrade is not a good broker, it simply means that if you prefer trading cryptos, you should review other broker sites, such as golden markets and even pepperstone.

Cannabis stocks are also becoming a popular asset to trade and while fortrade does not offer access to trading these stocks, brokers such as europefx do. They offer access to trade GW pharmaceuticals, abbievie inc., insys therapeutics inc. And many more. What this means is that if these types of stocks are your preferred asset, maybe take the time to review the assets lists of the different brokers before you partner with a broker.

Account types

The fact is, no two traders are the same and therefore, sometimes a trading account should be tailored to meet the different needs of different traders. Fortrade only offers one account type. Unfortunately, there is no information on the site as to what features are included in their account. In addition, while the minimum deposit requirement to open an account at fortrade is just $100, the broker recommends that you deposit a minimum of $500. This is a lot of money, especially for a beginner trader. They also offer a swap free islamic account to cater for their muslim clients and no interest is imposed on overnight positions on this account type.

Now, in comparison, brokers such as pepperstone and europefx, offer a wide choice of account types and this is an excellent feature, as it caters to both new and advanced traders. These brokers also offer a professional account type for those traders who trade large volumes. The benefit here is that they get better leverage on their trades as well as many other perks.

We are not saying that fortrade is inferior as a result of only offering one account type. Instead, what we are saying is that if you require specific features, it would make more sense to sign up with a broker that offers a trading account type that matches your needs.

Fortrade – do they offer a demo trading account?

Fortrade does offer a demo trading account which is a big benefit since their trading platform is unique to this broker only. This gives traders the opportunity to test the platform before they commit to trade with real money. While this is a great feature, remember that many brokers, such as pepperstone and europefx, also offer demo trading accounts. Our suggestion is to take the time to learn more about the different brokers, test the platforms and then make your decision as to which broker you would like to partner with.

Banking options

Your personal and financial information is sensitive and as such, it should always be protected by your broker. In addition, you need to be able to deposit and withdraw funds to and from your trading account with ease. Fortrade offers a choice of deposit options including credit cards, debit cards, bank transfers, neteller and skrill.

In terms of withdrawals, we were quite surprised that it took over two weeks for us to receive our funds, even though we had paid via a credit card. To be fair though, it does state on the fortrade website that it can take up to 5 business days for a bank wire transfer to reach your account, while it takes up to 15 days for a credit or debit card withdrawal to reach your account. In comparison, when we requested a withdrawal from pepperstone, the funds were reflecting in our credit card within 48 hours.

Remember that if it is important to you that you can access your trading capital or profits quickly, we recommend using a broker that processes withdrawal requests quickly.

Educational resources

An important part of trading successfully is education so if your broker offers educational resources, it is a big plus. Fortrade offers a wide choice of trading resources including ebooks, webinars, trading courses, trading videos, advanced trading courses, access to trading strategies, trading from A to Z and much more. They also have an extensive market analysis section and they release morning and evening market analysis daily. There is also a weekly analysis section as well as a micro-analysis section which focuses on the fundamental and technical analysis of an asset. While analysis is an important part of trading successfully, we felt that a lot of this analysis was above our understanding and more suited to advanced traders.

Fortrade also offers access to trading central, which is a leading provider of real-time, comprehensive research and analysis. The technical analysis that is provided is based on information collected from a number of investment banks and asset managers. This is an added layer of technical analysis, which again will assist a trader to make better and more efficient trading decisions.

While the selection of trading materials available at fortrade sounds impressive, we want to bring to your attention that most brokers today offer a wide choice of interesting and informative trading resources. For example, pepperstone has an excellent section on their site that will help anyone learn how to trade forex. They also have a wide choice of trading guides which cover a wide range of very interesting topics, such as building a trading plan, how to trade cfds, understanding trading psychology, the first rule of forex trading and much more. Also, brokers such as europefx have an excellent trading blog that gives you the opportunity to read about a variety of topics, such as cryptocurrencies, stocks, commodities and much more. This is an excellent way to stay updated as to what is happening in the financial markets globally.

Final words – is fortrade a scam or a legit broker?

Fortrade is definitely not a scam broker. They are a legit broker that is regulated by well-known and well-respected global regulatory bodies. They offer a choice of trading platforms, a wide range of assets to trade as well as access to a comprehensive education center. Their customer support is also very good and when we called, the support agent was helpful.

While we acknowledge that fortrade offers a choice of different services, features and tools, as we saw during the review, there are many other brokers that offer different, and in some cases, better features and tools, such as in the case of pepperstone, europefx and golden markets. Take the time to investigate each broker and then select one based on your trading preferences and your trading goals. Once you are ready, signup and step into the trading arena and make your trade.

All customer reviews & comments about fortrade forex broker

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Fortrade reviews

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Please stop with all those emails

Please stop with all those emails. I'd give you 5 stars if it wasn't for those emails!

I have been examining a specific crypto…

I have been examining a specific crypto currency for a bit and decided i would actually drop some money on a bit. The item i was interested in was xrp. The site I used to try to purchase is investing dot com.
When I clicked on the buy icon I was redirected to the fortrade site. Thinking everything was good i proceeded to open an account. No sooner did I finish, the phone rang and I was talking to an agent of fortrade name caterina. She did her welcome speech and proceeded to ask me a bunch of questions. I know for a fact that I told her what I was interested in mentioning the crypto xrp. I told her I felt knowledgeable enough to be able to accomplish what I wanted. She hung up the phone and sadly decided to make a 100 dollar deposit before checking that fortrade actually offered crypo currencies. As soon as the deposit was made I checked and discovered that they didn't. While I am discovering this the phone rings and caterina is back on the other end thanking me for making a deposit. I acknowledge a let her know that I am dismayed to find they don't offer crypto. Her reason given was they are to risky. ( kind of odd) she proceeded to try my intrest in anything they did offer and I told her NO. Xrp was what I was after. She then said that the deposit would be returned. The issues are multiple with what has gone on since. The money of course se3ems to have disappeared into the ether. Catrina sent me supposed proof of when it was sent back, a time that appears to be fore the deposit was even made perhaps. Then i was talking to someone on their facebook page and I get told the deposit was returned 51 minutes after it was made, ( sounds possible) however the transfer was never received and the email apparently that it contained disappeared. They have the information to fix this. Caterina told me in a few of the e-mail comms that she would call to confirm receipt. She hasn't called at all. Seems be a few too many questionable items here now for a legitimate business.
I have the paperwork to file a complaint. I could also ask a certain friends advise (cheif off an OPP detatchment) seems a little radicle for 100 bucks but there is a principle. Fix it guys

Re: your reply. As with all transactions like this. It has nothing to do with the card company or bank. The issue is solely from your end. Again if the transaction hasn't been completed, it is a simple step to recall and resubmit it. Period. Suggesting that anyone else can control transfers from you is quite simply a false statement. If the transaction has been completed then it is a problem and needs to be investigated by the proper authority.

I am now finding it necessary to eat a whole bunch of humble pie and apologize to fortrade. I seem I have discovered that the information in regards to my own account was changed somehow at my end and the problem was a e-transfer connection to an e-mail account that has not been used in quite some time. This issue has been resolved and my embarrassment is quite substantial andd I owe everyone I have talked to here a most profound apology. Face totally red with shame.
Dave

Thank you for your remarks and review.
As explained yesterday on facebook, what happened in your specific case is a bit odd and is being investigated.
According to our records the refund was made shortly after the deposit.

Though we've escalated the matter internally to the highest levels while verifying with the credit card company (we're still waiting for their answer), i urge you , once again to reach out to your CC company in parallel.

We apologize for any inconvenience caused and are working on resolving the matter as promptly as possible.
Should you wish to contact us directly, please email compliance.Ca@fortrade.Com and marketingcs@fortrade.Com .

I started trading with fortrade almost…

I started trading with fortrade almost a year ago. I didn’t know anything about trading! My account manager is really helpful. She explained all the types of trades that I can make, and she showed me the videos that they have that she thought would help me the most. So far, my experience with fortrade has been great! I hope it continues.

So, let's see, what we have: fortrade is an international forex broker, that is licensed and authorised by FCA & ASIC. Their phone number is: +44 207 862 1761, and the contact at scambroker fortrade