Fortrade

Introduction to Fortrade

Fortrade was established in 2014 in the United Kingdom and is regulated by reputable authorities including the FCA, ASIC, and CySEC. This broker offers a wide range of products such as Forex, CFDs, equities, indices, and commodities, with a minimum deposit requirement of just 100 USD/EUR/GBP. Fortrade supports MT4, WebTrader, and its proprietary Fortrader platform, with maximum leverage of 1:100. Its multi-channel customer support ensures traders can easily access assistance.

Trading Instruments

Fortrade provides a variety of products, including:

• Forex
• CFDs
• Equities
• Indices
• Commodities (Oils, Precious Metals, Energies)

Trading Platforms

• MetaTrader 4 (MT4)
• Fortrader (proprietary platform)
• WebTrader

Compatible with desktop, web, and mobile devices.

Trading Conditions

• Account currencies: USD, EUR, GBP
• Minimum trade size: 0.01 lots
• Spreads: Variable, not fixed
• Commission: None for standard accounts

Customer Support

• Support channels: Hotline, Email, Live Chat, Social Media
• Languages: Multi-language support for global traders

Pros and Cons

Pros:

• Regulated by multiple reputable authorities
• Low minimum deposit (100 USD), beginner-friendly
• Commission-free trading with flexible spreads
• Wide range of trading products
• Popular platforms with multi-channel support

Cons:

• Maximum leverage of 1:100, which may be low for high-risk traders
• Variable spreads, which can widen during volatile markets
• Availability may differ by country, requiring checks before opening an account

Conclusion

Fortrade is a reliable broker thanks to strong regulation, competitive trading conditions, and user-friendly platforms. However, its relatively low leverage and variable spreads may be a drawback for some. Overall, it is a suitable choice for both beginner and intermediate traders.