Fortrade Review

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Regulated: FCA · ASIC · CySEC · CIRO

Multi-jurisdiction · since 2013

Spreads from ~2 pips

Market-maker model · no commission

£100 Minimum Deposit

CFDs on forex shares & commodities

MT4 & Fortrade Platform

Up to 1:30 (FCA) / 1:200 (intl)

🏦 Fortrade at a Glance — Broker Profile & Stats

Who is Fortrade?

Founded: 2013
HQ: London, United Kingdom
Operator: Fortrade Ltd
Markets: forex, shares, indices, commodities CFDs
Platforms: MT4 & Fortrade platform
Why it matters: A genuinely multi-regulated CFD broker — its regulatory footprint is a real strength.

Regulation & Safety

FCA (UK) — Fortrade Ltd
ASIC (Australia)
CySEC (Cyprus) · DFSA (Dubai)
CIRO (Canada)
Segregated client funds
Why it matters: Tier-1 FCA + ASIC oversight with multiple regional licences is a strong safety signal — better than most offshore brokers.

Reputation Check

1.9 / 5
Trustpilot — ~558 reviews
Strong regulation, but weak user sentiment
Complaints about costs & support
Some clone-site noise inflates negatives
⚠ Caution: Despite solid regulation, Fortrade’s Trustpilot rating is poor. Read recent reviews carefully before depositing.

Markets & Instruments

Forex — major & minor pairs
Shares — global stock CFDs
Indices & Commodities
Crypto CFDs (region-dependent)
300+ instruments

💹 Account Types & Conditions

Standard Account

Min deposit: £100 (£500 recommended)
Spread-based, no commission
Access to all core markets
MT4 & Fortrade platform

Islamic Account

Swap-free, no rollover interest
Min balance: $2,000
Sharia-compliant trading
Same markets & platforms

Demo Account

Free practice account
Virtual funds
Test the platform risk-free

Education & Support

Tutorials & webinars
Market analysis
Multilingual customer support

⚖️ Top Fortrade Alternatives

IC Markets ★★★★★

Raw from 0.0 · $7 round turn
Regulated: ASIC, CySEC
Far tighter spreads
Pick for: low costs

XM ★★★★★

Low entry, huge range
Regulated: ASIC, CySEC, IFSC
Strong education
Pick for: beginners

Eightcap ★★★★½

Raw from 0.0
Regulated: ASIC, FCA, CySEC
TradingView dealing
Pick for: tight pricing

Pepperstone ★★★★★

Razor from 0.0
Regulated: ASIC, FCA, CySEC, DFSA
cTrader + copy trading
Pick for: tier-1 + low cost

🖥️ Platforms & Tools

MetaTrader 4

Industry-standard for forex
Expert Advisors (EA) support
Desktop, web & mobile

Fortrade Platform

Proprietary web & mobile platform
Beginner-friendly interface
Integrated charts & news

Mobile Trading

iOS & Android apps
Trade & manage on the go
Price alerts

Research & Education

Market analysis & webinars
Trading guides for beginners
Economic calendar

💰 Fees, Spreads & Leverage

Spreads & Costs

EURUSD spread averages 2.0–2.5 pips
No separate commission
Market-maker pricing model
⚠ Caution: Spreads are wide versus ECN brokers (0.0–1.0 pip). Active traders will pay noticeably more here.

Leverage

1:30 for FCA/EU retail clients
Up to 1:200 for other regions
Set within regulatory limits
Why it matters: Lower regulated leverage is actually a protection — it limits how fast losses compound.

Deposits & Withdrawals

Min deposit £100 (£500 recommended)
Cards, bank transfer & e-wallets
Standard processing times

🚫 Restricted Countries

Jurisdictions Fortrade Does Not Serve

Fortrade does not offer services to clients in the United States and certain restricted or sanctioned jurisdictions, which typically include:
USACanada (non-CIRO)BelgiumIranNorth KoreaSyria
Why it matters: Availability varies by Fortrade entity (UK, EU, AU, CA). Confirm your country before signing up.

🎥 Video Guides & Reviews

Watch Before You Trade with Fortrade

▶Fortrade Forex Broker Review — All You Need to Know▶Fortrade — Is It Scam or Legit?▶Fortrade Review — Another Scam Broker?▶Fortrade — Real Customer Reviews

For Trade Review

Pros and Cons of Fortrade

Pros
✓ 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
Cons
✗ 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
In short: Fortrade is well-regulated and safe on paper, but its wide spreads and weak user reviews mean active traders can usually do better on cost elsewhere.

Fortrade Pricing & Account Plans

Fortrade uses a spread-based, market-maker model — there is no separate commission, but spreads are wider than ECN brokers.

AccountEURUSD spreadCommissionMin deposit
Standard~2.0–2.5 pipsNone£100Open Account
Islamic~2.0–2.5 pipsNone (swap-free)$2,000Open Account
DemoSimulatedNoneFreeOpen 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?

FeatureFortradeIC MarketsXM
EURUSD spread~2.0–2.5from 0.0from 0.6
ModelMarket makerECNHybrid
Min deposit£100$200$5
RegulationFCA·ASIC·CySEC·CIROASIC·CySECASIC·CySEC·IFSC
PlatformsMT4·FortradeMT4·MT5·cTraderMT4·MT5
Trustpilot~1.94.6/54.2/5

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

FCA·ASIC·CySEC regulated · since 2013
£100 min · MT4 & Fortrade platform
Open Account →
Fortrade
Multi-regulated CFD broker
FCA · ASIC · CySEC · CIRO
£100 min · MT4 & Fortrade
Note: wide spreads · Trustpilot 1.9
Open Account →

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.

Yes. Fortrade is multi-regulated: Fortrade Ltd by the UK FCA, Fort Securities Australia by ASIC, and further entities under CySEC, the DFSA and Canada’s CIRO. This is a genuinely strong regulatory footprint.
Fortrade is a legitimate, well-regulated broker that segregates client funds. However, its Trustpilot rating is poor (~1.9/5) and spreads are wide, so weigh trading conditions and read recent reviews before depositing.
The minimum deposit is £100 (or currency equivalent), though Fortrade recommends starting with at least £500.
Fortrade uses a market-maker model with spreads averaging around 2.0–2.5 pips on EURUSD and no separate commission — wider than ECN brokers.
MetaTrader 4 and Fortrade’s own proprietary web and mobile platform, which is aimed at beginners.
Up to 1:30 for FCA/EU retail clients and up to 1:200 in some other regions, within regulatory limits.
Forex, share CFDs, indices and commodity CFDs (and crypto CFDs where permitted) — around 300+ instruments.
Yes. Fortrade offers swap-free Islamic accounts with no overnight rollover interest, requiring a minimum balance of about $2,000.
No. Fortrade does not accept clients from the United States or certain restricted jurisdictions.
Its simple proprietary platform, education and low minimum suit beginners, but the wide spreads make it less cost-effective than ECN brokers for active trading.
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