Score
United Kingdom
|
10-15 years
| https://www.fortrade.com/
Website
Rating Index
MT4/5
Full License
FortradeCanada-Real01
Influence
A
Influence index NO.1
Nigeria 7.42
MT4/5 Identification
Full License
GermanyInfluence
A
Influence index NO.1
Nigeria 7.42
Licenses
Single Core
1G
40G
1M*ADSL
United Kingdom
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
WikiResearch
Swaziland
fortrader.com fortrade.eu
fortrade.in fortrade.by fortrade.com
VIP is not activated.
| Fortrade Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Hong Kong |
| Regulation | ASIC, FCA, CySEC, CIRO, NBRB |
| Market Instruments | CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | Floating around 2.5 pips |
| Trading Platform | Fortrader, MT4 |
| Min Deposit | €/$/£ 100 |
| Payment Methods | MasterCard, Visa, Skrill, Neteler, PayPal |
| Customer Support | 24/5 live chat, contact form |
| Tel: +44 204 571 7564 | |
| Email: infomu@fortrade.com, support@fortrade.com | |
| Facebook/Twitter/YouTube | |
| Restricted Regions | The United States and Belgium |
Founded in 2013, Fortrade is a regulated mult-asset broker registered in Hong Kong, offering trading in CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries on Fortrader and MT4 trading platforms.
| Pros | Cons |
| 24/5 live chat support | No 24/7 customer support |
| Regulated well | Clients from the United States and Belgium are not accepted |
| MT4 available | Wide EUR/USD spread |
| Demo accounts available | Negative comments about the difficulty in withdrawing money |
| Various tradable instruments | |
| Swap free |
Fortrade currently holds multiple regulatory licenses, including
| Regulated Country | Regulated by | Regulated Entity | License Type | License No. |
 | ASIC | FORT SECURITIES AUSTRALIA PTY. LTD. | Market Making(MM) | 000493520 |
 | FCA | Fortrade Limited | Market Making(MM) | 609970 |
 | CySEC | Fortrade Cyprus Ltd | Market Making(MM) | 385/20 |
 | CIRO | Fortrade Canada Limited | Market Making(MM) | Unreleased |
 | NBRB | Fort Securities BLR Limited Liability Company | Retail Forex License | 193075810 |
Fortrade offers a wide range of market instruments, including CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Currencies | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Precious metals | ✔ |
| Energy products | ✔ |
| Agriculture products | ✔ |
| US treasuries | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Fortrade provides demo accounts and Islamic accounts.
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).
The maximum leverage is 1:200, meaning that profits and losses are magnified 200 times. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Fortrade cooperates with the authoritative MT4 trading platform and a propriety trading platform - Fortrader, available on the Web, Windows, and Mobile (iOS and Android).
| Trading Platform | Supported | Available Devices | Suitable for |
| Fortrader | ✔ | Web/Mobile (iOS/Android) | - |
| MT4 | ✔ | Web/Windows/Mobile (Android) | Beginners |
| MT5 | ❌ | - | Experienced traders |
The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal.
Fortrade broker faces multiple withdrawal complaints, allegations, regulatory fines, and office verification issues. Recent $2M CIRO penalty highlights ongoing problems.
When selecting a broker, understanding its regulatory standing is an important part of assessing overall reliability. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about Fortrade and its licenses.
Fortrade, a London-based retail broker, has recently faced significant regulatory changes in the Belarusian financial market, causing ripples in its operations and raising questions about its authorization status.
CySEC, the Cypriot financial market regulator, maintains its war on noncompliance, announcing enforcement action against two more regulated entities on Tuesday, Ayers Alliance Financial Group Limited and BrokerCreditService (Cyprus) Limited.
The two signed an 18-month partnership deal.
Fortrade's maximum leverage is 1:200, meaning that profits and losses are magnified 200 times. Higher leverage brings the possibility of higher profits. It is important to note that the higher the leverage, the greater the risk of losing deposited capital.
The minimum deposit for Fortrade is €/$/£ 100. relatively high industry level, raising barriers to entry for traders. Not friendly to small budget traders.
Fortrade's pros include 24/5 live chat support, good regulation, support for the MT4 platform, the availability of demo accounts and a wide range of tradable instruments, and Swap Free. However, the downsides include not accepting clients from the US and Belgium, wide EUR/USD spreads, and some users have reported difficulties withdrawing funds.
No. Fortrade does not charge swap fees for Islamic accounts. Islamic traders can open Islamic accounts without swaps.
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Engin6356
India
I deposited $100 into Fortrade, but my account still shows $0 balance. Whenever I ask about it, they just push me to deposit more. I haven’t been able to withdraw a single dollar. Total scam behavior.
Exposure
Carreyalex
Israel
I deposited $100 into Fortrade as you can see in the proof, but after funding the account the money never showed up for trading. The platform keeps pushing me to deposit more but when it comes to using or withdrawing my money, it’s a nightmare. Capital still shows $0 even after payment confirmation. This broker is a complete scam, they just take deposits and block you from accessing your funds. Be very careful, don’t fall for their tricks.”
Exposure
moma6925
India
Over the period of 9 months, I have been called countless times. I did try their account by depositing 100$. Once I was approved the account said that there were no funds. I ended up depositing another $100 and again the account was not funded. After a lengthy back and forth, the funds appeared in my account. As far as the account itself, it cannot compete with ThinkorSwim, TradeZeroPro or even several banks that charge $9.99 per trade. Also, they will not refund my money to my credit card after telling me they would take care of it immediately. I am currently still trying to get the funds back. Never use this company if you want to see your money again...
Exposure
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
往事如烟30903
New Zealand
As a forex trading platform, we believe that regulation is very important to ensure the safety of client funds and the fairness of transactions. However, as far as I know, Fortrader's regulatory license is controversial, which can pose unnecessary risks to some traders. Traders are advised to exercise extreme caution when choosing a forex trading platform that is regulated by a trusted regulatory body.
Neutral
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
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
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
JoseDeales
Argentina
They keep pushing me to dpeosit funds but I haven't been allowed to withdraw funds
Exposure
FX2016350509
Hong Kong
I can’t withdraw money repeatedly and ask me to invest in it. Is this platform worthy of trust?
Exposure
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
神州
Hong Kong
Have to pay individual income tax to withdraw funds after profiting
Exposure