Fortrade review
Fortrade is a highly regarded international Forex and CFD broker, specializing in providing access to a diverse array of instrument classes through the popular MetaTrader 4 platform. With its robust regulatory framework, the broker ensures a secure and reliable trading environment for its clients. In addition to its regulatory compliance, Fortrade distinguishes itself by offering an abundance of educational resources and a comprehensive suite of tools for market research and analysis.
The educational material provided by Fortrade is extensive, catering to traders at all levels of expertise. Beginners can benefit from introductory trading courses, which lay the foundation for understanding the Forex and CFD markets. For more advanced traders, Fortrade offers a selection of in-depth eBooks focused on Forex and CFD trading. Additionally, the broker provides video trading tutorials, equipping traders with practical knowledge and strategies to enhance their trading skills. To facilitate traders' understanding of various aspects of the market, Fortrade also offers day trading strategies and a comprehensive glossary of trading terms.
When it comes to market research and analysis, Fortrade offers a range of tools to support traders' decision-making processes. Traders can access morning and evening analysis reports, providing insights into key market events and potential trading opportunities. Weekly analysis reports offer a broader overview of market trends and developments. For those seeking more granular information, Fortrade provides microanalysis reports, which focus on specific currency pairs or assets. To stay informed about upcoming economic events and their potential impact on the markets, traders can utilize the economic calendar provided by the broker. Moreover, historical overviews are available, enabling traders to analyze past market performance and identify recurring patterns.
One of the notable advantages of trading with Fortrade is its fee structure. The broker does not charge commissions on trades, as trading fees are incorporated into the spreads. This fee model provides transparency and convenience for traders, as they can focus on executing their trading strategies without the burden of additional commission charges.
In summary, Fortrade is a highly reputable international Forex and CFD broker, offering a wide range of instrument classes through the MetaTrader 4 platform. With its strong regulatory framework, the broker ensures a secure trading environment. The extensive educational material, including trading courses, eBooks, and video tutorials, empowers traders of all levels. Fortrade's market research and analysis tools, such as morning & evening analysis, weekly analysis, microanalysis, economic calendar, and historical overviews, assist traders in making informed decisions. Furthermore, the absence of commissions and the inclusion of trading fees within the spreads make trading with Fortrade convenient and transparent.
Countries
Albania, Andorra, Antigua and Barbuda, Argentina +103 more
Regulations
ASIC, CySEC, FCA UK, FSC Mauritius +1 more
Account currencies
EUR, GBP, USD
Assets
CFDs on Stocks, Crypto CFDs, ETFs, Energies, Indices, Precious metals, Soft Commodities
Platforms
MT4, Custom
Deposit methods
Bank Transfer, Credit Card, Neteller, PayPal, Skrill
Others
Segregated accounts, Copy trading, Demo account, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, Lowest minimum deposit, Micro Lots, Negative balance protection, PAMM, Part of compensation scheme, Provides webinars and seminars, Signals, Swap-free
Promos
No deposit bonus
Visit brokerFortrade offers a maximum leverage of 200:1, although it's important to note that the actual leverage available may vary depending on the trader's country of residence. The broker's commitment to regulatory compliance is evident through its strict regulation by top-tier regulatory bodies such as the Financial Conduct Authority (FCA) in the UK, the Investment Industry Regulatory Organization of Canada (IIROC), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the National Bank of the Republic of Belarus (NBRB), and the Financial Services Commission, Mauritius (FSC).
With access to over 400 instruments spanning various asset classes, Fortrade provides a diverse range of trading options. Clients can trade currencies, indices, CFDs on stocks, precious metals, energy products, agriculture commodities, US Treasuries, and ETFs.
Unfortunately, Fortrade offers only one live trading account option, limiting choices for traders. However, demo accounts are available for those who wish to practice their trading strategies before engaging in live trading. The primary trading platform offered by Fortrade is MetaTrader 4 (MT4), widely recognized as the leading Forex trading software globally. Traders can also access the MT4 platform through mobile and web versions, providing flexibility in their trading activities.
Fortrade does not charge any deposit or withdrawal fees from their end, which is advantageous for clients. However, it's important to note that trading fees at Fortrade are comparatively high when compared to competitors. Traders should also be aware of the inactivity fee, which amounts to 10 units of the account currency per month after 6 months of inactivity.
The account opening process at Fortrade is fast and fully digital, ensuring a seamless experience for new clients. The broker also offers professional customer support, available 24/5, to address any inquiries or concerns. Clients and potential traders can reach out to Fortrade via email, phone call, or live chat for assistance.
In summary, Fortrade is a strictly regulated broker, adhering to the standards set by top-tier regulatory bodies. With access to a wide range of trading instruments and the popular MetaTrader 4 platform, Fortrade offers diverse trading opportunities. While the broker provides only one live trading account option, demo accounts are available for practice purposes. Traders should be mindful of the comparatively high trading fees and the inactivity fee after 6 months of inactivity. The fast and fully digital account opening process and the availability of professional customer support contribute to a positive trading experience with Fortrade.