Score
Fortrade
Hong Kong|10-15 years| https://www.fortrade.com/
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
Relevant Enterprises
| Company name | Related sources | Registration No. | Established |
|---|---|---|---|
| Website | HE392231 | 2018-12-12 | |
| Website | 614683831 | 2016-09-07 | |
| Website | 2101245 | 2014-04-17 | |
| Website | BC1148613 | 1981-05-27 |
Company Summary
| 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 |
Fortrade Information
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 and Cons
| 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 |
Is Fortrade Legit?
Fortrade currently holds multiple regulatory licenses, including
- Australia Securities & Investment Commission (ASIC)
- Financial Conduct Authority (FCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Canadian Investment Regulatory Organization (CIRO)
- National Bank of the Republic of Belarus (NBRB)
| 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 |
What Can I Trade on Fortrade?
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 | ❌ |
Account Type
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).
Leverage
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.
Trading Platform
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 |
Deposit and Withdrawal
The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal.
Keywords
- 10-15 years
- Regulated in Australia
- Regulated in United Kingdom
- Regulated in Cyprus
- Regulated in Canada
- Regulated in Belarus
- Market Maker (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
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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
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