Fortrade Review: What Are the Pros & Cons of Trading With This UK Broker?

Last Updated:
Disclosure: Your support helps keep Commodity.com running! We earn a referral fee for some brokers & services we list on this page. Learn more...
Fortrade Header

Risk Warning: Your Capital is at Risk.

Fortrade Overview

Fortrade is a UK-based derivatives brokerage firm that offers customers two trading platforms for trading forex and Contracts-for-Difference (CFDs).

Fortrade traders have a choice between the broker’s proprietary Fortrader platform and the popular MetaTrader 4 (MT4) platform.

Fortrade’s strengths include a scalable platform and regulation of the top international regulatory bodies.

This Fortrade review will cover key facts about the broker for clients in so that you can make an informed opinion about its products and services.

Start Trading Now at Fortrade.com

Quick Summary

What's Good About Fortrade?What Could Fortrade Do Better?
Trustworthy broker (we scored Fortrade 80/100 in our broker trust rating)Withdrawals can take up to 15 business days for debit/credit cards
'Getting Started' tutorial to help you get started with the platformPlatform may be too basic for some traders but the MT4 platform is also supported by Fortrade
Islamic accounts available and run in accordance with Sharia law (these require a min. deposit of $2,000, however)Fortrade currently doesn't offer cryptocurrency CFDs
Support and website available in multiple languages
12-hour customer support via email, live chat and phone between 9 am and 9 pm GMT Monday - Friday.

Who is Fortrade Best For?

Fortrade is regulated by several organizations, including the Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA).

You can see the full list of regulators in our list of facts about Fortrade.

Traders who previously used MetaTrader 4 or 5 may prefer the software over the Fortrader platform.

Fast Facts About Fortrade

Fun fact aside fast ones, Fortrade recently signed an 18-month sponsorship deal with Rangers F.C, one of Scottish soccer’s top teams.

 Fortrade Logo
✒️ OverviewLeading provider of online trading solutions for individual and institutional clients
⭐ Our Overall Rating
🏆 Broker Trust Rating80/100
🏁 Founded2013
🛍️ ProductCFDs, Forex
📉 Markets Stock, Indices, Forex, Commodities, US Treasuries, ETFs
🗺️ Countries Served150+ (Full list below)
💳 Minimum Deposit$100 (with a suggestion of $500 -- or currency equivalent)
💰 FeesFortrade is a no-comission broker, receiving its compensation in the form of the market bid/ask spreads on each instrument. (See below for a full list of fees)
🛡️ Regulator(s)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), National Bank of the Republic of Belarus (NBRB), Canadian Investor Protection Fund (CIPF), and Investment Industry Regulatory Organization of Canada (IIROC)
📞 Customer SupportBetween 9 AM and 9 PM GMT Monday - Friday by phone, email or live chat
🎮 Demo AccountYes, no expiry

Start Trading Now at Fortrade.com

Where Does Fortrade Operate?

Fortrade serves clients in over 110 countries. To see if Fortrade operates in , toggle the lists below.

IMPORTANT: CFDs are not available in the USA due to local regulation, and regulated brokers do not accept US citizens or US residents as clients.

See all the countries allowed by Fortrade.

  • Albania
  • Andorra
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belize
  • Benin
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Côte d’Ivoire
  • Cabo Verde
  • Canada (provinces of British Colombia and Ontario only)
  • Cameroon
  • Chile
  • China
  • Colombia
  • Comoros
  • Costa Rica
  • Croatia
  • Cyprus
  • Czechia (Czech Republic)
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Estonia
  • Eswatini (fmr. “Swaziland”)
  • Fiji
  • Finland
  • France
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Greece
  • Grenada
  • Guatemala
  • Guinea
  • Holy See
  • Honduras
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Ireland
  • Italy
  • Jamaica
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Kuwait
  • Kyrgyzstan
  • Latvia
  • Lebanon
  • Lesotho
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Morocco
  • Mozambique
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Nicaragua
  • Niger
  • Nigeria
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestine State
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Qatar
  • Romania
  • Russia
  • Rwanda
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Slovakia
  • Slovenia
  • Solomon Islands
  • South Africa
  • South Korea
  • Spain
  • Sri Lanka
  • Suriname
  • Sweden
  • Switzerland
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Tuvalu
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • Vietnam
  • Zambia

See all the countries banned by Fortrade.

  • Afghanistan
  • Algeria
  • Angola
  • Burundi
  • Cambodia
  • Central African Republic
  • Congo Republic
  • Cuba
  • Democratic Republic of the Congo
  • Eritrea
  • Ethiopia
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Hong Kong
  • Iran
  • Iraq
  • Israel
  • Japan
  • Korea (North)
  • Laos
  • Liberia
  • Libya
  • Myanmar
  • Panama
  • Papua New Guinea
  • Puerto Rico
  • Singapore
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Tajikistan
  • Turkmenistan
  • Uganda
  • United States
  • Virgin Islands/Micronesia/Palau
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Yemen
  • Zimbabwe

*The following Canadian provinces of are not accepted:

  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Nova Scotia
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan.

**US Residents and residents of US Dependencies are not accepted, including:

  • American Samoa
  • Guam
  • Northern Mariana Is
  • Puerto Rico
  • US Minor Outlying Islands
  • US Virgin Islands
  • Micronesia
  • Palau

What Languages Does Fortrade Support?

Fortrade supports 15 languages on its platform:

See all the languages supported by Fortrade’s platform.

  • English
  • German
  • Spanish
  • French
  • Croatian
  • Italian
  • Dutch
  • Polish
  • Portuguese
  • Slovene
  • Swedish
  • Russian
  • Arabic
  • Albanian
  • Macedonian

Start Trading Now at Fortrade.com

Fortrade Trading Products

Fortrade offers customers CFD trading in over 300 instruments grouped into nine categories: forex, stock CFDs, index CFDs, precious metals, energy products, agricultural products, US treasuries, and ETFs.

Forex Pairs

Fortrade offers seven major forex currency pairs, as well as minors and exotics.

The major currency pairs are:

  • AUD/USD
  • EUR/USD
  • GBP/USD
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY

See Fortrade’s minor currency pairs.

  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • CAD/CHF
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/NZD
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY

See Fortrade’s exotic currency pairs.

  • EUR/DKK
  • EUR/HUF
  • EUR/ILS
  • EUR/NOK
  • EUR/PLN
  • EUR/SEK
  • EUR/TRY
  • EUR/ZAR
  • GBP/SGD
  • GBP/TRY
  • USD/CNH
  • USD/DKK
  • USD/HKD
  • USD/HUF
  • USD/ILS
  • USD/MXN
  • USD/NOK
  • USD/PLN
  • USD/RUB
  • USD/SEK
  • USD/SGD
  • USD/TRY
  • USD/ZAR

Index CFDs

Fortrade offers CFD trading on 19 major indices.

See Fortrade’s indices.

  • Australia 200
  • China 50
  • Canada 60
  • Europe 50
  • France 40
  • Germany 30
  • Hong Kong 50
  • Italy 40
  • Japan 225
  • Netherlands 25
  • Spain 35
  • Swiss 20
  • TRYBASK/TRYCFD 
  • UK 100
  • USA 2000
  • USA 30
  • USA 500
  • USA Tech 100
  • USD Index

CFDs On Shares

Fortrade customers can trade CFDs on some of the most popular shares from companies in the UK, Germany, France, Spain, Italy, Western Asia, the United States, and other European countries.

See all the stocks offered by Fortrade.

UKGermanyUS
3i Group plcAdidas AGAdobe-Inc
Admiral Group plcAllianz SEAdvanced Micro Devices Inc.
Anglo American plcBASF SEAirbnb
Antofagasta plcBayer AktiengesellschaftAlibaba Group Holding Limited
Ashtead Group plcBayerische Motoren Werke Aktiengesellschaft (BMW.DE)Alphabet Inc. (Google)
Associated British Foods plcCommerzbank AGAmazon.com Inc.
AstraZeneca plcDaimler AGAmerican Airlines Group Inc.
Aviva plcDeutsche Bank AktiengesellschaftAmerican Express Company
Babcock International Group PLCDeutsche Lufthansa AGAmerican-International-Group-Inc
BAE Systems plcDeutsche Post AGApple Inc.
Barclays PLCDeutsche Telekom AGAT&T Inc.
Barratt Developments plcE.ON SEAurora Cannabis Inc.
BP p.l.c.RWE AktiengesellschaftBaidu Inc.
British American Tobacco p.l.c.SAP SEBank of America Corporation
British Land Company PlcSiemens AktiengesellschaftBerkshire Hathaway Inc.
BT Group plcVolkswagen AGBeyond-Meat-Inc
Bunzl plcFranceBooking-Holdings-Inc
Burberry Group plcAir France-KLM SACanopy Growth Corporation
Capita plcAirbus SECaterpillar Inc.
Carnival Corporation & PlcAXA SAChevron Corporation
Centrica plcBNP Paribas SACisco Systems Inc.
Compass Group plcCarrefour SACitigroup Inc.
Diageo plcDanone S.A.Cronos Group Inc.
easyJet plcPeugeot S.A.Delta-Air-Lines-Inc
Experian plcSafran SADominos-Pizza-Inc
Fresnillo PlcSchneider Electric S.E.DoorDash Inc.US
GlaxoSmithKline plcSociete Generale Societe anonymeDropbox Inc.
Glencore plcVallourec S.A.Exxon Mobil Corporation
Hammerson plcSpainFacebook Inc.
Hargreaves Lansdown plcBanco Bilbao Vizcaya Argentaria S.A.Ferrari N.V.
HSBC Holdings plcBanco Santander S.A.FireEye Inc
Imperial Brands PLCBankia S.A.General Electric Company
Informa plcEnagas S.A.General Motors Company
InterContinental Hotels Group PLCEndesa S.A.Gilead-Sciences-Inc
International Consolidated Airlines Group S.A.Iberdrola S.A.Goldman Sachs Group Inc
Intertek Group plcIndustria de Diseno Textil S.A.GoPro Inc.
intu properties plcNaturgy Energy Group S.A.Groupon Inc.
ITV plcRepsol S.A.GW Pharmaceuticals plc
J Sainsbury plcSiemens Gamesa Renewable Energy S.A.HP Inc.
Johnson Matthey PlcTelefonica S.A.Illumina, Inc. US
Kingfisher plcOther European CountriesIntel Corporation
Land Securities Group plcAnheuser-Busch InBev SA/NVInternational Business Machines Corporation (IBM)
Legal & General Group plcASML Holding N.V.Johnson & Johnson
Lloyds Banking Group plcGalp Energia SGPS S.A.JPMorgan Chase & Co.
London Stock Exchange Group plcKoninklijke Philips N.V.Las Vegas Sands Corporation
Marks and Spencer Group plcNokia CorporationLinde PLC.US
Mondi plcNordea Bank AbpMastercard-Incorporated
National Grid plcSkandinaviska Enskilda Banken ABMcDonald's Corporation
NEXT plcTelenor ASAMicrosoft Corporation
Pearson plcTenaris S.A.Moderna-Inc
Persimmon plcUnilever N.V.Morgan Stanley
Prudential plcHong KongNetflix Inc.
Reckitt Benckiser Group plcXiaomiNintendo Co. Ltd.
Rio Tinto GroupNio Inc
Rolls-Royce Holdings plcNVIDIA Corporation
Royal Dutch Shell plcPayPal Holdings Inc.
RSA Insurance Group plcPepsiCo-Inc
Schroders plcPfizer Inc.
Severn Trent plcPlug Power Inc.US
Smith & Nephew plcRoyal Caribbean Cruises Ltd.
Smiths Group plcSINA Corporation
SSE plcSnap Inc.
Standard Chartered PLCSogou Inc.
Standard Life Aberdeen plcSpotify Technology S.A.
Tesco PLCTesla Inc.
The Royal Bank of Scotland Group plcTeva Pharmaceutical Industries Limited
The Sage Group plcThe Boeing Company
Travis Perkins plcThe Coca-Cola Company
UnileverPlcThe Procter & Gamble Company
United Utilities Group PLCThe Walt Disney Company
Vodafone Group PlcTilray Inc.
Whitbread PLCTwitter Inc.
Wm Morrison Supermarkets PLCUber Technologies Inc.
WPP plcUnited Airlines Holdings Inc.
Valeant Inc
Verizon Communications Inc.
Virgin-Galactic-Holdings-Inc
Visa Inc
Walmart Inc.
Weibo-Corporation
Yandex N.V.
Zoom
Zynga Inc.

Precious Metal CFDs

  • Copper
  • Gold (EUR, GBP, AUD)
  • Gold Gram / Turkish Lira (GAU / TRY)
  • Gold Gram (GAU) to Turkish Lira (TRY) exchange rate
  • GOLDTRY (Troy Ounce)
  • Gram GOLD (GAUUSD)
  • Palladium
  • Platinum
  • Silver
  • Silver AUD

Energy Product CFDs

Agricultural Product CFDs

US Treasury CFDs

  • US 10Y Note
  • US 30Y Bond
  • US 5Y Note

CFDs On ETFs

  • SQQQ – ProShares UltraPro QQQ Short ETF CFD)
  • TQQQ – ProShares UltraPro QQQ Long ETF CFD)
  • United States Oil Fund LP (USO)

Start Trading at Fortrade.com

Account Types & Requirements

Fortrade keeps things simple and offers only three types of accounts:

  • Standard trading accounts
  • Islamic accounts
  • Demo accounts

Standard Trading Accounts

Fortrade requires a minimum initial deposit of £100 depending on the base currency of your account.

However, the broker recommends that traders make an initial minimum deposit of at least £500.

Islamic Accounts

Fortrade also offers an option to open an Islamic forex account. These accounts are swap-free, with no rollover interest on overnight positions in accordance with Islamic law.

Islamic accounts require a minimum balance of $2,000.

Demo Accounts

Unlike with some brokers, you don’t need a standard trading account to open a demo account.

Demo accounts have all the same features that a standard account offers, including real-time charts and quotes for hundreds of financial assets.

There is no time limit to the practice account. Fortrade deposits an initial notional sum of 100,000 demo credits into your trading account to practice online trading in a real trading environment.

Start Trading Now at Fortrade.com

Account Requirements

When starting out with Fortrade, traders need to provide the following information during the sign up process:

  1. Name
  2. Email address
  3. Physical address
  4. Mobile phone number
  5. Country of origin
  6. Base currency (US dollars, Euros, or British pound sterling)
  7. Date of birth

You’ll also be asked a few questions about your financial status, employment status, and trading goals.

How To Verify Your Identity At Fortrade

To verify your identity with Fortrade, you will need one document for proof of identity and one for proof of address. You can fax, email or upload these documents to Fortrade.

CategoryAcceptable Documents
Proof of Identity
  • International travel passport
  • Government-issued driver’s license
  • Government-issued national/state/province identity card (including European ID card)
  • Military ID card

  • Proof of Address
  • Utility bill issued within the last 3 months
  • Financial statement issued by a bank, credit card company, insurance company or investment firm
  • Telecommunication service invoice (i.e. telephone/mobile service, internet service or pay television service) issued within the last 3 months
  • Proof of home ownership or lease agreement
  • Deposit & Withdrawal Guide

    Fortrade requires a minimum deposit of £100, but the broker suggests customers deposit at least £500.

    Traders can deposit and withdraw funds with Fortrade using one of several different methods:

    Funding MethodTiming & Fees
    Credit cardInstant, no fees
    NetellerInstant, no fees
    SkrillInstant, no fees
    Wire TransferMinimum transfer of $250, fee up to $40*, can take up to 7 days to be credited to an account
    *Fee depends on your bank & how you pay the fee.

    Margin Requirements

    To ensure you can cover any losses you might incur on your positions, Fortrade requires sufficient collateral or margin. The margin available in your account will limit the size of the positions you can open.

    Fortrade requires a specific margin to be available in your account for each trade that you execute.

    You can see Fortrade’s margin rates list under the “Trading Product Details” section of their website.

    Traders who fall below the Fortrade margin requirements risk receiving a margin call and having their position closed prematurely.

    How To Withdraw Funds From Fortrade

    Fortrade has a strict policy that funds can only be returned to the source in which the deposit was made. Sums in excess of the original deposit may be withdrawn by providing an alternative withdrawal method — for example bank wire transfer, Skrill, or Neteller.

    To wire money to your bank account, Fortrade needs your past three months of bank statements. The statements must clearly show:

    • Full Name
    • Full Address
    • Full Bank details (Bank/Sort code and Account Number)

    Transfer Timing

    Fortrade processes withdrawal requests within two business days after they are submitted.

    • Wire Transfers – Usually take up to 5 business days to reach your account.
    • Debit/credit cards – Can take up to 15 business days to reach your account.

    Start Trading Now at Fortrade.com

    Fortrade Spreads and Fees

    Fortrade receives its compensation in the form of the market bid/ask spreads on each instrument.

    Note: Spreads discussed below aren’t fixed and vary with factors such as liquidity and volatility.

    Forex Currency Pair Spreads

    The most liquid forex currency pairs such as EUR/USD and GBP/USD and USD/JPY have recently had average spreads of 2 pips.

    Spreads for pairs like USD/CAD, USD/CHF and EUR/CHF have recently had average spreads of 4 pips, depending on the time of day.

    Indices Spreads

    Recent sample average spreads includes:

    • 5 pips on AUD 200 (Australia 200)
    • 2.5 pips on GER30 (Germany 30)
    • 0.11 pips on USDX (DOLLAR_INDX)

    Spreads On Stocks

    Fortrade offers trading on a wide range of stock CFDs. Traders can consult the Fortrade website for details about spreads on stock CFDs.

    Average spreads on European stocks presently range from 0.02 pips to 8.5 pips. On US stocks, average spreads are between 0.04 pips and 2 pips.

    Spreads On Commodities

    Recent sample average spreads include:

    Spreads On ETFs

    Recent average spreads for SQQQ and TQQQ have been 0.14 pips.

    Withdrawal Fees and Other Fees

    • Withdrawal Fees: Any International Telegraphic Transfer (TT) Fees incurred by Fortrade are passed on to the customer. Most International TTs are approximately $40.
    • Overnight Funding Fees: This overnight Fortrade fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time. Traders can obtain information on overnight funding rates on the website.
    • Dormancy Fee: If for any consecutive period of 180 days, you do not trade on your Client Account, then Fortrade considers the Client Account to be inactive or dormant. Fortrade charges a monthly administrative fee on dormant accounts of USD $10.00 (or a similar amount in such other currency). Fortrade stops charging this fee if the balance in the client’s account reaches $0.

    Start Trading Now at Fortrade.com

    Fortrader Mobile App Review

    One way traders can access the Fortrade platform is through he Fortrader app. What stands out is traders have access to customer support on the Fortrader mobile app via live chat, email, or phone.

    Since more and more traders are looking for ways to trade on the go, here’s a factual review of the Fortrader Mobile App.

    fortrade mobile
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    When you open the Fortrader app, you’ll see the home screen with instruments you’ve chosen as favorites at the top of the list.

    Fortrader mobile favorites
    Just tap the star to create or remove a favorite instrument.
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    How To Find Trading Instruments

    To find new instruments, just tap the magnifying glass.

    Fortrader mobile search
    Searching for new trading instruments with the Fortrader mobile app.

    Once you find an instrument you wish to trade, tapping on the item will bring up market information on the chosen instrument. For this example, we’ll pick Crude Oil.

    Fortrader mobile basic info screen
    Viewing basic information on an instrument.
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    You can make customizations to the chart and:

    • Move between candlestick or a line chart
    • Change the timeframe on the x-axis (minute, 30-minutes, hourly, daily, or weekly).

    Tap on the ‘Info’ or ‘More’ tabs at the bottom of the screen to see additional information about the instrument you’ve chosen.

    Fortrader mobile info tab
    The Info tab of Fortrader’s mobile app.
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    How To Open A Trade

    Opening a trade from the ticket screen is takes one tap. From the ticket screen, you can:

    • Change the trade amount (from 10 units to 100,000 units)
    • Add a stop-loss (S/L) and/or take-profit (T/P) limits to automatically close your trade.
    Fortrader mobile ticket window
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    It’s worth noting that Stop-losses are NOT guaranteed by Fortrade.

    How To Manage Positions

    Once you’ve placed an order, or at any time from the home screen, you can tap on the lower right “Open P&L” link to see all of your open positions.

    On an existing trade, you can edit your trade’s S/L or T/P, duplicate the entire trade, or close it.

    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    Viewing Account Information

    Tapping the ‘Equity’ link at the bottom of any screen will take you to your account information where you can see your balance, open profit/loss amount, equity, margin details, and deposit funds into your account.

    Fortrader mobile account info
    Fortrader mobile account screen.

    How To Transfer Funds On Mobile

    It’s easy to deposit or withdraw funds from your Fortrader mobile app. Traders can access the ‘Deposit’ or ‘Withdraw Funds’ options by tapping the menu on the upper left-hand side of the Fortrader app.

    How To Switch To Your Practice Account

    When the upper left menu icon is visible, you can tap it to switch between your practice account and your real account.

    Here’s a detailed look at what you can do with Fortrader Mobile.

    Video: How to use Fortrader Mobile [10:36 minutes]
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    Cross-Platform Continuity

    The Fortrader mobile app doesn’t lose out on many features in comparison to the browser-based version of the app (reviewed below). The mobile app contains all functionalities of the desktop platform.

    You can also move between platforms seamlessly.

    You can open a position on your smartphone, check on it while using your laptop, and close the position on your iPad — all while using the same interface on each device.

    Fortrader Mobile App’s Weaknesses

    The simple interface of the Fortrader Mobile falls short when it comes to charting features. Fortrader does offer some of the bare-bones technical analysis tools, though some traders may find the selection too scarce.

    Start Trading Now at Fortrade.com

    Fortrader Browser App Review

    The most significant difference between the browser & web apps is that there’s more screen area at your disposal, and the selection of analytics tools.

    Starting Up Fortrader

    When you begin using Fortrader, the system defaults to “practice mode” and takes you through a tutorial to get you started.

    These are practical touches since many other platforms place you directly in “live mode” with no instructions on how to trade using their software.

    Fortrade Platform
    Fortrader’s tutorial shows you how to get started.
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    Fortrader’s main screen is designed simply. Traders can find the instruments categorized on the left side of the screen with the corresponding chart on the right.

    Fortrade Trading Screen
    Fortrader’s main trading screen, with trading instruments on the left side.
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    The trading ticket is similarly designed to what you see on the mobile app and offers the exact same functonalities of setting the:

    • Trade amount
    • Stop/Loss limits
    • Take Profit limits
    Fortrade Ticket
    Fortrader’s trading ticket.
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    Charting Features On Fortrade

    Fortrader has fewer drawing tools and technical indicators than some may expect.

    However, Fortrader offers “hand-holding” tools overlooked by some bigger firms. For example, you’ll see a link to Fortrade’s “Trading Central,” which provides actionable real-time trading advice.

    Key difference: The Fortrader browser app allows for more charting options than the mobile app.

    Below you can see that the charting section is a basic position management section with open and closed trades.

    Fortrader chart types
    With the Fortrade Web Trader platform, you can view multiple charts and overlay them on top of each other.
    Please note, this is an example trade – not a recommendation. This screenshot is only an illustration. Current market prices can be found on the broker website.

    Fortrade Customer Support

    Fortrade provides customer support via phone or live chat 12 hours-a-day between 9 am and 9 pm GMT Monday through Friday. After hours, traders can send an email or leave their number to get a callback.

    Traders can view the Fortrade website in:

    • Albanian
    • Arabic
    • Croatian
    • Dutch
    • English
    • French
    • German
    • Italian
    • Macedonian
    • Polish
    • Russian
    • Slovene
    • Spanish
    • Swedish

    Fortrade’s website states that customer support via phone is also available in multiple languages. Aside from English, those other languages are not specified.

    Start Trading Now at Fortrade.com

    MetaTrader 4 App Review

    Since the Fortrader software is fairly basic, traders with previous experience of MetaTrader 4 (MT4) may prefer it over the Fortrader web platform.

    fortrade metatrader 4
    You can access Fortrade via the popular MetaTrader 4 app in several ways.

    How To Access The Fortrader Demo Account

    After you sign up for a Fortrade account, you’ll be directed to the practice or demo account. Traders receive €100,000 in play money and can practice as long as they wish.

    The demo accounts look like the live accounts and traders get the same functionality.

    To switch from practice-trading mode to real-trading mode, simply click on the ‘Switch to Real’ button located both in the top right corner of your screen and inside your account drop-down menu.

    To toggle between a demo account and a real account, you’ll a funded and verified Fortrade account. See these instructions on how to fund your account and verify your information.

    Start Trading Now at Fortrade.com

    Fortrade’s Educational Resources

    Fortrade’s resources can be accessed under the Education tab on the website.

    Fortrade Trading Videos
    Fortrade has many resources for traders at all experience levels.

    Fortrade Trading Academy

    Here you can find e-books that explain forex and CFD terms, video courses, advanced trading courses, and other in-depth information about topics like capital management and trading psychology.

    You can also learn about short-term trading strategies.

    Fortrade Webinars

    Webinars and Guardian Angel

    Fortrade hosts free webinars about forex and other trading topics.

    Fortrade also has a free chatbot called Guardian Angel that gives feedback real-time feedback about your trading strategy and how it affects your goals.

    Guardian Angel can give you guidance like:

    • Alerts on global finance trends
    • Feedback on trading actions with referrals to educational content
    • Notifications about changes in market sentiment
    • Real-time regression analysis [Real Trading Mode only, not available on demo accounts]
    Fortrade News
    This screenshot is only an illustration. Current market prices can be found on the broker website.

    News and Market Analysis

    This resource contains a real-time fundamental and technical analysis of markets. There is also an economic calendar and a historical overview of markets.

    Fortrade trading tools

    Forex and CFD Trading Tools

    You can also find helpful calculators that let you convert currencies, estimate pip values, swap rates, and determine margin percentages.

    Start Trading Now at Fortrade.com

    Can I Trust Fortrade?

    Fortrade is regulated by a leading international regulatory body, the Financial Conduct Authority (FCA).

    The FCA regulates the firm in the United Kingdom (FCA registration number FRN 609970), while the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union.

    Fortrade clients are assured that the broker’s financial statements are audited by Fisher Sassoon and Marks – a specialist UK financial services and accounting firm.

    RegulatorCountries CoveredProtection OfferedAdditional Protection Offered
    Financial Conduct Authority (FCA), Firm Reference Number (FRN): 609970.Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK.All client funds are held in a segregated client bank account
    Financial Services Compensation Scheme (FSCS) may cover up to £50,000 if Fortrade fails.
    Cyprus Securities and Exchange Commission (CySEC), CIF license number 385/20Austria, Bulgaria, Croatia, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United KingdomAll client funds are held in a segregated client bank account
    Australian Securities and Investments Commission (ASIC), ABN: 33 614 683 831 | AFSL number: 493520Australia and New ZealandAll client funds are held in a segregated client bank account.
    Investment Industry Regulatory Organization of Canada (IIROC)CanadaAll client funds are held in a segregated client bank account.
    National Bank of the Republic of Belarus (NBRB), Firm Reference Number (FRN): 193075810Belarus

    Start Trading Now at Fortrade.com

    Fortrade As A Company

    Fortrade is operated by Fortrade Limited. The privately held firm was incorporated in the United Kingdom in 2013, under the name Integrisafe Ltd. The firm changed its name to Fortrade and registered with the FCA in 2014.

    Fortrade’s headquarters are located in London, United Kingdom.

    Who Runs Fortrade?

    The CEO of Fortrade Ltd., since April 2015, has been Nick Collison. Collinson has over 20 years of Senior Management experience within the financial services industry including proprietary trading, fully systematic algorithmic trading, along with forex and CFD matched principal broking.

    Prior to and while joining Fortrade, Nick Collison served as a Director at Saxon Cambridge Algorithmic Research Ltd.

    Start Trading Now at Fortrade.com

    FAQs

    Is Fortrade legitimate?

    Fortrade is a brokerage firm that is regulated by the FCA and authorized to provide services in the EU via MiFID. Fortrade’s UK customers are protected by the UK-based Financial Services Compensation Scheme (FSCS) which pays compensation up to £50,000 to customers in the United Kingdom if Fortrade is unable to pay.

    How do I trade with Fortrade?

    Trading with Fortrade takes place on either its Fortrader platform or its MetaTrader 4 (MT4) platform, based on traders’ preference. When you sign up for an account on Fortrade, a tutorial will walk you through the steps of executing your first trade. Fortrade also offers mobile apps on iOS and Android.

    How do I withdraw money from Fortrade?

    To withdraw money from Fortrade, choose Deposits/Withdrawal from the menu on the upper right corner of the platform’s main screen. Next, enter the amount you’d like to withdraw and choose a withdrawal method, including your deposit account information. Withdrawal requests are processed within two business days.

    For more information on requirements, see our Deposits and Withdrawals sections above.

    What does Fortrade mean?

    Fortrade is a portmanteau of the English words “for” and “trade,” which together suggest that the firm facilitates trades. In this context, “trade” is a reference to buying and selling stocks and other derivatives. Fortrade specializes exclusively in trading Contracts for Difference (CFDs).

    Credits: Original Fortrade review written by Lawrence Pines. Major updates and additions in Jan 2021 by Natalie Mootz with contributions from the Commodity.com editorial team.

    [[{{Country}} Welcome]]
    [[{{Country}} Welcome]]