Fortrade is a multi-regulated CFD broker trading since 2013 under FCA, ASIC, CySEC and CIRO licences. It runs a market-maker model with no commission, but spreads are notably wide at around 2 pips. The minimum is 100 pounds, on MT4 and its own platform. Leverage is 1:30 under the FCA and up to 1:200 internationally.
Regulated: FCA · ASIC · CySEC · CIRO
Spreads from ~2 pips
£100 Minimum Deposit
MT4 & Fortrade Platform
Fortrade at a Glance — Broker Profile & Stats
Who is Fortrade?
Regulation & Safety
Reputation Check
Markets & Instruments
Account Types & Conditions
Standard Account
Islamic Account
Demo Account
Education & Support
Top Fortrade Alternatives
IC Markets
XM
Eightcap
Pepperstone
Platforms & Tools
MetaTrader 4
Fortrade Platform
Mobile Trading
Research & Education
Fees, Spreads & Leverage
Spreads & Costs
Leverage
Deposits & Withdrawals
Restricted Countries
Jurisdictions Fortrade Does Not Serve
Video Guides & Reviews
Pros and Cons of Fortrade
- Strong multi-regulation (FCA, ASIC, CySEC, DFSA, CIRO)
- Established since 2013
- Low £100 minimum deposit
- MT4 + beginner-friendly Fortrade platform
- Islamic (swap-free) accounts
- Education & market analysis
- Segregated client funds
- Poor Trustpilot rating (~1.9/5)
- Wide spreads (~2–2.5 pips EURUSD)
- Market-maker model, not ECN
- No raw/commission account
- No US clients
- Higher costs than ECN rivals
Fortrade Pricing & Account Plans
Fortrade uses a spread-based, market-maker model — there is no separate commission, but spreads are wider than ECN brokers.
| Account | EURUSD spread | Commission | Min deposit | |
|---|---|---|---|---|
| Standard | ~2.0–2.5 pips | None | £100 | Open Account |
| Islamic | ~2.0–2.5 pips | None (swap-free) | $2,000 | Open Account |
| Demo | Simulated | None | Free | Open Account |
On a ~2-pip EURUSD spread you pay roughly $20 per standard lot — versus ~$7 all-in at the top ECN brokers. The trade-off is Fortrade’s stronger regulation and simpler, beginner-friendly platform.
Fortrade vs IC Markets vs XM
How does Fortrade compare with two lower-cost regulated brokers?
| Feature | Fortrade | IC Markets | XM |
|---|---|---|---|
| EURUSD spread | ~2.0–2.5 | from 0.0 | from 0.6 |
| Model | Market maker | ECN | Hybrid |
| Min deposit | £100 | $200 | $5 |
| Regulation | FCA·ASIC·CySEC·CIRO | ASIC·CySEC | ASIC·CySEC·IFSC |
| Platforms | MT4·Fortrade | MT4·MT5·cTrader | MT4·MT5 |
| Trustpilot | ~1.9 | 4.6/5 | 4.2/5 |
Verdict: Fortrade matches the field on regulation but trails badly on spreads and user sentiment. Cost-conscious traders should compare carefully — IC Markets and XM offer tighter pricing and stronger reviews.
Why Choose Fortrade — and What to Watch
Fortrade (Fortrade Ltd) is a London-based CFD broker launched in 2013, offering forex, shares, indices and commodity CFDs on MetaTrader 4 and its own beginner-friendly Fortrade platform. Its standout strength is regulation: it holds licences with the FCA, ASIC, CySEC, DFSA and Canada’s CIRO.
What stands out: genuinely strong multi-jurisdiction oversight, a low £100 minimum, Islamic swap-free accounts, and solid education for beginners — a safe, accessible entry point.
What to weigh: Fortrade runs a market-maker model with wide spreads (~2–2.5 pips on EURUSD), so active traders pay much more than at ECN brokers. Its Trustpilot rating is also poor (~1.9/5), even allowing for clone-site noise, so read recent reviews before depositing.
Bottom line: Fortrade is a well-regulated, beginner-oriented broker, but its costs and user sentiment lag the market. If regulation and a simple platform are your priority it’s worth a look; if cost matters most, IC Markets, XM or Pepperstone are stronger picks.
Frequently Asked Questions
Key questions about Fortrade — regulation, fees, platforms, leverage and account types.