Fortrade review
Fortrade Review
Fortrade is a Forex broker where aspiring traders can trade CFDs on multiple assets through their single interface. Surprisingly, Fortrade Limited isn’t that old name in the industry as it went public back in 2013 and currently offers trading services to clients from different nations.
You can access this trading platform in 14+ different languages which makes it clear that this broker has its far-reaching demand within the sector! We cover more information about one of the best online top Forex brokers below.
Fortrade Pros
Let’s take a look at some of the benefits you can enjoy when you start trading with Fortrade. These are also remarkable, including features like the broker itself.
Access to educational resources- You get access to their interactive user interface, technical indicators, and charts as well as seminars! There is an MT4 web-trading facility present too in case you don’t have your computer on hand; they offer this mobile trading facility too so if that’s what suits your lifestyle better then go ahead!
Broker has been licensed by top- tier regulators which means security for all your investments and trades –fortrade traders can trade confidently knowing they won’t be taken advantage of or swindled out of any hard-earned money!
Finally, there’s a free demo account available for those who want one before investing their own cash in order to ensure everything works smoothly without any complications whatsoever the first time round…
Fortrade Cons
The broker Fortrade has a few key drawbacks that make us say no to it. The first is the high initial deposit amount. There are also limited customer support services on weekends and Sundays for those of you who trade outside of work hours, which we find inconvenient since most trades happen at night or early in the morning when people can’t be reached by phone lines.
Lastly, this broker only provides commission through spreads as opposed to other brokers who offer commissions based on the volume traded like best forex trading platforms do, which makes it more difficult for traders with low stakes accounts and small positions.
Fortrade Trading Platforms
| Trading Platform | Fortrader Platform, MT4 |
|---|---|
|
Desktop Platform – Windows |
Yes |
|
Desktop Platform – Mac
|
Yes |
|
Desktop Browser Platform |
Yes |
|
Mobile Site Platform
|
Yes |
|
Android App Platform |
Yes |
|
iOS App Platform |
Yes |
|
Windows App Platform |
No
|
|
Other Mobile OS Platform
|
No
|
|
Real-time Updates |
yes |
|
Portfolio Details |
yes |
|
Research Reports |
yes |
|
Global Indices
|
yes |
|
Personalized Advisory
|
Yes
|
|
Interactive Charts |
Yes
|
|
Live Markets |
Yes
|
|
Multi-Account Management |
Yes
|
Whether you are on mobile or desktop, people love to trade online with Fortrade. You get an MT4 trading platform where you can access three different verticals- the web browser, your PC, and your smartphone. The best thing about the facility is that it is also available for mobile users (no matter if they have Android or iPhone) and here are two ways of doing so: either download our App from the Mobile Store OR use web trading without MetaTrader 4 by accessing Fortrade’s website through both a Desktop or Smartphone device.
Fortrade Mobile App
Fortrade has done a good job by providing its clients with an app that is easy to use. Obviously, this mobile trading platform comes as a great convenience for consumers. You can install the app from either Google Play or Apple App stores and you will be able to trade on it without having any extra fees attached to your account- what more could anyone want?
To make things even better, it doesn’t require users to log in every time they want some data about their portfolio when they are out of the office; all information would now be available right inside their Smartphone!
Fortrade Commission or Brokerage or Fees
The Fortrade Commission is built into SPREADs, where the broker earns income for themselves. The average spreads in forex are 2 pips (EUR/USD) and 3 pips (EUR/GBP). But it’s worth noting that in addition to spreads, the broker charges inactivity and overnight fortrade fees as well; these can range from 10 USD or above.
It entirely depends on your disciplined routine and how you trade assets. Apart from this, they ask you to submit a deposit of $100 when signing up for a trading account through them – with no hidden fees!
Commission on Trade | Yes |
Fixed Spreads | Yes |
Fortrade Exposure or Leverage
In this Fortrade review, we find that another great thing is the 30 times leverage in forex it offers. This allows users to trade up to 30 times their investment with this facility.
No matter what asset and market you select for trading, the broker ensures there’s no lack of funds- even if you are using CFDs as a type of money-making tool.
However, please note that leveraging carries heavy risks when used in combination with CFDs- especially if your intention is to play around on them and use your own capital for profit! It would be best not to use any form of funding when playing these types of games or risk by overspending on risky assets (e.g., crypto).
Payment Methods
| provided by fortrade | payment method |
|---|---|
|
Deposit |
Bitcoin Payments, MoneyGram, Neteller, PayPal, Skrill, Visa
|
|
Withdraw |
Bitcoin Payments, MoneyGram, Neteller, PayPal, Skrill, Visa |
Fortrade has a range of ways you can fund your trading account, including cards and bank transfers. There are no charges for transactions but it depends on which country you’re in- this is because Fortrade operates internationally. Depending on the withdrawal payment method, withdrawals may take from 5 business days to 15 business days to complete depending on your banking method used.
Fortrade specializes in investment opportunities for asset classes and markets.
In this review, we can’t end without knowing exactly which assets and markets are offered. So let’s have a look!
The forex broker offers more than 300 tradable assets on its tradable platform, including currency, stocks, metals, indices, and energies. For convenience, each asset has been kept in a separate market category so that you can access every needed asset within a short time no matter what kind of trading platform – MT 4 or web trader-you are using with Fortrade.
Fortrade Virtual Trading or Demo Account
Nowadays, every broker provides a virtual trading facility on their platform.
Fortrade is no exception to this rule; it offers an innovative and high-tech Trading Platform. The Broker gives you a real account and demo account when you log into the platform.
The fortrade demo account for Fortrade brokers is available for everyone both at home or on the go via mobile devices – all that’s required of them is logging in and searching for “demo”. Not only does this make things more convenient, but it also means people can try out virtual trading without having to deposit any funds at first!
However, if they want a full real account in order to place trades with tradeable assets other than those offered by the demo (which are limited), they will have to pay up some cash first before gaining access – though registration has been made as simple as possible too so there won’t be much fussing involved!
Fortrade Offers or Deals
Fortrade’s deals and promotions are always in the limelight because you receive lots of benefits. Simply put, the broker provides free educational services to their clients. The broker also has a wide range of trading courses for beginners- video tutorials, advanced lessons too- as well as seasonal features and offers available at all times.
| Offers | Valid Or Not |
|---|---|
|
Free Learning Courses |
Yes |
|
Free Demo Account |
Yes |
|
Discount on Brokerage |
Yes |
|
Flexible Brokerage Plans
|
No |
|
Referral Offers |
Yes |
|
Forex Trading Contest |
No |
|
Trading Bonuses & Rewards |
Yes |
Fortrade Regulation or Licensing
Licensed, and regulated trading platforms offer a trusted place to trade at Fortrade is also licensed by the top-tier regulators of FCA, ASIC, CySEC, NBRB, and IIROC – making it an internationally trusted platform! No wonder users can feel confident about their trading decisions since they know that it is reliable sources for trades. Find out Regulations & Licensing of more best Forex Brokers.
Fortrade Features
Two of Fortrade App’s trading platforms, the web-based and mobile app versions have a lot to offer. On each of these platforms, you’ll find many features worth noticing like…
Attractive Interface
You trade assets through a user-friendly interface that has all the features you need. With everything at your fingertips, you won’t encounter any problems when dealing with real market conditions.
WebTrader/MT4
The broker provides both web trading and metatrader 4 facilities to their users so that everyone is able to trade in whichever style they prefer.
Trading Tools
Technical indicators, currency converters, margin calculators, and other helpful tools are available for traders to use.
Market Analysis
Fortrade is never short of educational resources. It has videos, blogs and great practical concepts to educate you on broker-related topics.
Educational Services
So traders could have an effective grounding in the market, charts and other helpful features are provided.
Fortrade Account Types
After knowing about the Commission, the zest for learning more about Fortrade is natural. Unlike other trading platforms that run multiple trading accounts, Fortrade runs a single account only. It’s worth noting also that conditions of each market and asset you trade may vary – but there’s no fortrade minimum deposit amount at $100 upon users first logging in to their account.
Fortrade Trading Hours
If you plan to start trading, make sure that the broker’s customer support team doesn’t provide services on weekends or Sundays.
- So ensure that they are not your sole resource.
- Their team provides 24/7 service Monday through Friday with customer support
Fortrade Safety & Security
Fortrade is one of the safest fortrade online trading platforms. It gets licensing from internationally renowned regulators, and millions of people are already enjoying its services. Thus, there’s nothing to worry about when it comes to Fortrade as a reliable broker.
Fortrade Forex Trading – Conclusion or Verdict
Overall, Fortrade is a positive broker. It has been given many awards for its trading services and continues to evolve as one of the most popular platforms used in this age. Using them, you can buy or sell almost any asset on different markets- even CFDs. With fortrade leverage, demo account facilities, and extensive trading tools available at your disposal- everything about Fortrade seems impressive!
