FORTRADE Review

🔗 More: » Compare Fx Brokers

■ Foundation: ForTrade was founded in 2011

■ Headquarters: ForTrade is based in London, UK

■ US Residents: ForTrade forbids US traders –NO

■ Regulated: ForTrade is regulated by FCA UK since 2014 (License No: 609970) → Click here for more at FCA UK

■ Customer Support Languages: English, French, German, Italian, Spanish

■ Customer Support: 24/5 via Phone, Live Chat, and eMail

FORTRADE TRADING INFO SUMMARY

■ Broker Type: CFDs

■ Trading: Forex, Precious Metals, Industrial, Energies, Equities, ETFs, Bitcoin

■ Platforms: ForTrade WebTrader, ForTrade Desktop, plus 2 Mobile apps for iOS and Android

■ Trading Time Zone: GMT

■ Demo Account: -YES- ($10,00 virtual funds)

■ Spread on EUR/USD: 3.0 pip

■ Leverage: Leverage up to 30:1

■ Scalping: is allowed by ForTrade –YES-

■ Minimum Account: $100

🔗More: » ForTrade Website

💱 FORTRADE TRADING ASSETS

ForTrade offers the following assets:

■ 60 Forex Pairs, plus Bitcoin Trading

-USD/CAD, USD/CHF, USD/CNH, USD/DKK, USD/HKD, USD/HUF, USD/ILS, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR

-EUR/AUD, EUR/CAD, EUR/CHF, EUR/DKK, EUR/GBP, EUR/HUF, EUR/ILS, EUR/JPY, EUR/NOK, EUR/NZD, EUR/PLN, EUR/SEK, EUR/TRY, EUR/USD, EUR/ZAR

-GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/SGD, GBP/TRY, GBP/USD

-AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD

-NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD

-CAD/CHF, CAD/JPY, plus CHF/JPY

■ Gold, Silver, Platinum, Copper, and Palladium (Trade Gold vs USD, EUR, and GBP)

■ Agricultural Products (Wheat, Corn, Sugar, and Cotton)

■ Many Stock Indices including US30, US500, US100, DAX30, CAC40, UK100, and the US Dollar Index (USDX)

■ World Shares and ETFs via CFD trading

■ US Treasuries (CFDs on 5-year, 10-year, and 30-year securities)

 

 

FORTRADE SPREADS & LEVERAGE

FORTRADE TRADING SPREADS

These are the ForTrade spreads and trading commissions on ECN Pro Accounts

■ ForTrade offers EURUSD at 3.0 pip fixed spread, no extra commissions

■ ForTrade offers USDJPY at 3.0 pip fixed spread, no extra commissions

■ ForTrade offers GBPUSD at 3.0 pip fixed spread, no extra commissions

FORTRADE TRADING LEVERAGE

■ Leverage at ForTrade can be up to 30:1

 

FORTRADE TRADING PLATFORMS & MOBILE

ForTrade provides 2 versions of a built-in Trader, but no MT4.

■ ForTrade DesktopTrader / ForTrade WebTrader

• Available for Windows-PC, Apple MAC, and Linux-based personal computers
• The webTrader supports Chrome, Internet Explorer, Firefox, Opera, and Safari
• Live market feed / Economic calendar
• Free Market Analysis
• Extensive Educational Resources (eBooks, Videos, etc)

■ ForTrade Mobile Traders

• Advanced Order Types
• Available for iOS and Android Devices
• Free Practice Mode

► ForTrade New Accounts

 

FORTRADE NEW ACCOUNT INFORMATION

FORTRADE Minimum Account:

The minimum required deposit in FORTRADE is 100 USD, and account currencies include USD and EUR.

ForTrade Account Type	STANDARD (DD)
Minimum Deposit	100 $
Minimum Trade Size	0.01 Lot
Trading Commissions	NO
Spreads (min)	3.0
Welcome Bonus	30%

FORTRADE Deposit / Withdrawal Methods:

■ Bank Wire | Credit / Debit Cards | Skrill | Neteller

FORTRADE Identification Documents:

■ Proof of Identification (requiring a government-issued document such as a passport, ID, driver's license, etc.)

■ Proof of Address (including (Utility bill issued within the last 3 months or a Financial statement issued by a bank/credit card company, or a Telecommunication service invoice)

FORTRADE Welcome Bonus Policy:

■ ForTrade offer a Welcome Bonus up to 30% (Contact them after registration)

 

FORTRADE CONTACT INFORMATION

ForTrade is a trading name of ForTrade Ltd

■ Postal Address: Michelin House, 81 Fulham Road, London, SW3 6RD, United Kingdom

■ ForTrade Phone: +44 (0) 207 691 7996

■ ForTrade eMail: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

⚖️ FORTRADE REVIEW PROS AND CONS (According to competition)

FORTRADE REVIEW PROS & CONS
ForTrade Review PROS (√)	ForTrade Review CONS (X)
√ London-based broker, regulated Broker by FCA UK √ Covered client funds 50,000 GBP per individual trading account √ Wide Asset Index (over 150 instruments) √ Trade the Bitcoin digital currency and US Treasuries (CFDs on 5-year, 10-year, and 30-year securities) √ Trade Gold vs USD, EUR, and GBP √ Learning Section offering Trade Videos, eBooks, and Advanced Trading Courses √ Good customer service (Live Chat, email, phone) √ Good Variety of Fund Methods including Cards, Wire, Skrill, and Neteller	X Not trading ECN X Expensive trading spreads X MT4 is not available X Not a good choice for day traders or scalpers

 

🏁 ForTrade Review Conclusion

Founded in 2011, ForTrade is an FCA-UK-regulated CFD broker based in London. It ensures strong protection of traders’ funds and offers compensation coverage of £50,000 per individual account.

A key advantage of trading with ForTrade is its wide asset index, which includes 150 different instruments. There are 60 Forex pairs, as well as indices, commodities, shares, and ETFs. Notably, you can trade Gold against three currencies (USD, EUR, and GBP). You can also trade Bitcoin and US Treasuries (CFDs on 5-year, 10-year, and 30-year bonds). Available platforms include a Desktop Trader, WebTrader, and two mobile apps for Android and iPhone. All platforms are user-friendly, even for beginners.

Regarding accounts, the standard (dealing-desk) account requires a $100 minimum deposit and supports funding via Cards, Wire, Neteller, and Skrill. This account charges no trade commissions, but spreads are relatively high, starting at 3.0 pips on EURUSD. Forex leverage is 30:1.

Overall, ForTrade is a good option for trading equities and a strong choice for beginners. However, due to its wide spreads, it is not a good choice for day traders or scalpers. At the time of the review, ForTrade offers a 30% welcome bonus and a free practice account with $10,000 in virtual funds.

🔗More: » ForTrade Website

 

 

■ ForTrade (FORTRADE.com) Review

TradingCenter.org (c)