Score
Fortrade
Hong Kong|10-15 years| https://www.fortrade.by/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
FortradeCanada-Real01
Influence
AA
Influence index NO.1
Croatia 8.03MT4/5 Identification
MT4/5 Identification
Full License
GermanyInfluence
Influence
AA
Influence index NO.1
Croatia 8.03Contact
Licenses
Single Core
1G
40G
1M*ADSL
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic Information
Hong Kong
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Swaziland
Namibia
Cameroon
fortrade.by
Server Location
United States
Website Domain Name
fortrade.by
Server IP
45.60.31.148
-
fortrade.com
Server Location
Germany
Most visited countries/areas
Russia
Website Domain Name
fortrade.com
Website
WHOIS.MONIKER.COM
Company
MONIKER ONLINE SERVICES LLC
Domain Effective Date
0001-01-01
Server IP
149.126.79.190
Genealogy
VIP is not activated.
GCM
SHENG BAO
Lider Forex
Company Summary
| FortradeReview Summary | |
| Founded | 10-15 years |
| Registered Country/Region | Hong Kong |
| Regulation | Regulated |
| Market Instruments | Energy/Agriculture/US treasuries/Stocks/Indices/Currencies/Precious metals |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | From 0.0 pips |
| Trading Platform | Fortrader/MT4(Web/Windows/Mobile(iOS/Android)) |
| Min Deposit | €/$/£ 100 |
| Customer Support | Phone: +44 204 571 7564 |
| Email: infomu@fortrade.com | |
| Email: support@fortrade.com | |
| Email: partners@fortrade.com | |
| Live chat | |
| Facebook/Twitter/YouTube | |
Fortrade Information
Fortrade is a broker. The tradable instruments include energy, agriculture, US treasuries, stocks, indices, currencies, and precious metals. The broker also provides a demo and a real account with a maximum leverage of 1:200. The minimum deposit is €/$/£ 100. Although Fortrade is regulated by ASIC, FCA, CSEC, CIRO, and NBRB, risks cannot be completely avoided due to its bad reviews about difficulty withdrawing money.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:200 | Negative comments about the difficulty in withdrawing money |
| 24/5 customer support | No 24/7 customer support |
| Regulated | |
| MT4 available | |
| Demo account available | |
| Various tradable instruments | |
| Swap free |
Is Fortrade Legit?
Fortrade is regulated by ASIC with license number 000493520, FCA with license number 609970, CSEC with license number 385/20, CIRO, and NBRB with license number 193075810, which is much safer than unregulated brokers.
What Can I Trade on Fortrade?
Fortrade offers a wide range of market instruments, including energy, agriculture, US treasuries, stocks, indices, currencies, and precious metals.
| Tradable Instruments | Supported |
| Energy | ✔ |
| Agriculture | ✔ |
| US Treasuries | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Currencies | ✔ |
| Precious Metals | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Fortrade provides a demo and a real account. The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. Islamic users are allowed to open Islamic accounts with no swap fees.
Clients following the Muslim faith can open a forex & CFD trading account without any rollover interests on overnight positions (=swap interests).
| Account Type | Supported |
| Demo account | ✔ |
| Real account | ✔ |
| Island account | ✔ |
Leverage
The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.
Trading Platform
Fortrade cooperates with the authoritative MT4 trading platform and a propriety trading platform available on the Web, Windows, and Mobile(iOS and Android) to trade. Junior traders prefer MT4 over MT5. MT4 and MT5 provide various trading strategies and implement EA systems. Fortrade also provides proprietary software.
| Trading Platform | Supported | Available Devices | Suitable for |
| Fortrader | ✔ | Web/Mobile(iOS/Android) | - |
| MT4 | ✔ | Web/Windows/Mobile(Android) | Experienced traders |
Deposit and Withdrawal
The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal. Funds sent by wire transfer will usually be credited to the account within seven business days. Withdrawals made by Bank Wire Transfer usually take up to 5 business days. Withdrawals to credit/debit cards can take up to 15 business days.
Keywords
- 10-15 years
- Regulated in Australia
- Regulated in United Kingdom
- Regulated in Cyprus
- Regulated in Canada
- Regulated in Belarus
- Market Making(MM)
- Retail Forex License
- MT4 Full License
- Global Business
- High potential risk
News
Exposure Fortrade Lost its Belarus License
Fortrade, a London-based retail broker, has recently faced significant regulatory changes in the Belarusian financial market, causing ripples in its operations and raising questions about its authorization status.
2024-01-05 17:29
News CySEC Takes Action Against Ayers Alliance, BCS (Cyprus) for Non-Compliance
CySEC, the Cypriot financial market regulator, maintains its war on noncompliance, announcing enforcement action against two more regulated entities on Tuesday, Ayers Alliance Financial Group Limited and BrokerCreditService (Cyprus) Limited.
2022-04-20 11:51
News FX Broker Fortrade Becomes a Rangers FC Sponsor
The two signed an 18-month partnership deal.
2022-02-17 11:34
Review 14
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Review 14
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卢妹妹
Hong Kong
It rejected withdrawal and said the transaction volume was not enough. I thought it was a scam and I had to report it.
Exposure
2021-09-01
JoseDeales
Argentina
They keep pushing me to dpeosit funds but I haven't been allowed to withdraw funds
Exposure
2021-06-08
FX2016350509
Hong Kong
I can’t withdraw money repeatedly and ask me to invest in it. Is this platform worthy of trust?
Exposure
2021-01-20
FX1048031010
Hong Kong
In the normal operation, I was told that I violated the regulations and the account was frozen. The deposit is OK, but the withdrawal is difficult.
Exposure
2021-01-19
神州
Hong Kong
Have to pay individual income tax to withdraw funds after profiting
Exposure
2020-12-24
Huikn
Belarus
The swap fee itself was not the problem but the way Fortrade did it was unacceptable for me. I got less than 24hrs notice that I will be charged, with full positions opened, there no way I could clear it and have to accept it. Online help was not helpful at all, just blamed it on the preprograming something. To be FAIR to traders, they they should give everyone long enough notice (15 days or so) before any policy change so that we could have enough time to change our strategy and trades.
Neutral
2024-04-19
陆芳
United States
So far, the transaction is smooth, but the spread is a bit high, and the customer service response is sometimes a little slow, aside from these, everything else is okay.
Neutral
2023-02-13
FX1015868943
Hong Kong
I opened an account with Fortrade last year. When I decided to deposit $200 to test account, they suddenly said my account was disabled, and this before, no one told me this would happen. How ridiculous! If I want to continue opening the account, I need to deposit a larger deposit. terrible trading experience. I don’t want to say much!
Neutral
2022-11-17
DH55529
Hong Kong
This broker is asking for a large intital deposit, so maybe you should first open a demo account to see how it performs, without risking any real capitals. You should facus on its spreads, trading costs, execution speed of its platform. Anyway, take care before you start real trading...
Neutral
2022-11-17
在山的那边
Hong Kong
I was shocked by the minimum. Should I go on？
Neutral
2022-11-15
FX1217728940
Australia
Honestly, Fortrade’s MT4 trading platform is amazing! My trading journey here goes well due to its quick order execution and powerful charting tools, as well as EA trading.
Positive
2023-02-21
迈特总部 直招
Hong Kong
Honestly, Fortrade’s MT4 trading platform is amazing! My trading journey here goes well due to its quick order execution and powerful charting tools, as well as EA trading.
Positive
2023-02-20
FX1022137836
Hong Kong
I made a profit of around $500 on this platform recently. I was satisfied with its competitive spreads, no slippage on my currency pairs trading. But, their customer support is average, sometimes, no one answers your questions. I wish they could improve their customer services.
Positive
2022-11-17
FX1022619685
Hong Kong
A reliable forex platform and I used this platform for a while once before. I was satisfied with its customer support, no slippage in my AUD/USD trading and indices trading, except for its large initial deposit, everything is ok.
Positive
2022-11-17