Fortrade Review: Key Takeaways

Kelli Harris
By Kelli Harris

Updated August 17, 2023.

Our team independently researches and recommends the best products and services. We publish reviews that are unbiased nor influenced by payments we receive from some of the app developers.

Fortrade


Fortrade is a British-based broker that is regulated by the FCA, NBRB, ASIC, IIROC, CySEC and FSC. The company specializes primarily in derivative trading on more than 300 forex currency pairs, indices, stocks, commodities and ETFs.

One of the things that makes Fortrade such an enjoyable broker to use, is how it makes financial derivatives easier and more accessible to traders, regardless of how much (or how little) experience they may have.

The Trading Academy available on the website is one of the best we have seen, offering a wide range of eBooks, training videos, webinars, regular market analysis, and several extremely helpful trading tools. Also, the customer service—in the rare event that there is a problem—is very professional and helpful.

Fortrade




Pros


  • Well-regulated by the leading institutes
  • Great user-experience and aesthetically pleasing
  • Over 300 instruments upon which to trade
  • Excellent customer support
  • Supports 15 languages

Cons


  • Phone support limited to a few countries and languages


Fortrade Review: Trading Platforms

There are two platforms from which you can trade derivatives with Fortrade.

  • Fortrader This is generally recommended for newer trades. Fortrader is an intuitive, user-friendly platform that provides all of the basics, without overwhelming new traders with more advanced features that they are less likely to need or utilize while still getting a feel for forex trading. The platform can be accessed via the internet, or downloaded to any computer, tablet or smartphone. Fortrader is also available in each of the 16 languages supported by the website (see list below).
  • MetaTrader 4 (MT4) The MT4 is a more sophisticated trading platform that was first launched in 2005. It supports a wide range of tools for technical analysis, as well as the automated trading tool Expert Advisor (EA). Like the Fortrader, the MT4 can be accessed online or downloaded to any computer or mobile device. MT4 is the most popular and most widely used trading platform for forex and derivatives in the world today.

Fortrade Review: Supported Countries and Languages

Fortrade is accessible worldwide, with a few exceptions such as the United States, Hong Kong, Japan and most of Canada (accessible in Ontario and British Columbia).

The Fortrade website is available in the following languages:

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



Fortrade Review: Customer Support

The Fortrade support team is available by phone during regular business hours, Monday through Friday, as well as by email and by Live Chat via the website. We found the support to be courteous, professional, and most of all, very efficient when we had both technical and financial queries.

Fortrade Review: Opening an Account

Opening a Fortrade account is a very simple process of filling out registration and banking details.

When you first register, the program automatically brings you to a practice account, where you are “credited” with $10,000 of virtual money. This practice account can be accessed and used without depositing any funds for as long as you wish, with no financial risk at all (although, of course, no financial gain either).

Use the practice account to learn the market trends and movements, and to develop a trade strategy that fits your personal style and needs. When you are ready to switch to a real account, simply deposit funds into your account, and you can begin trading on the available derivatives. While it is possible to trade with as little as 100 USD/EUR/GBP in your account, it is highly recommended that traders maintain an account minimum of 500 USD/EUR/GBP.

Fortrade accepts deposits via all major credit and debit cards, as well as wire transfers, Neteller and Skrill.



Fortrade Overall Rating 9.8 / 10

We’ll be honest – we really like the Fortrade website and platform. It is user-friendly and intuitive, and actually fun to use! The site offers more trading instruments than most brokers, a wonderful educational academy, and a support staff that is extremely efficient and courteous.

The site is well regulated, so we feel secure investing funds, knowing that it is safe, and that we can withdraw money whenever we want without the hassle of bureaucratic paperwork. The spreads are as little as 2 pips, and the leverage goes as high as 1:200, so the trading experience is a very positive one and made even more enjoyable by both the Fortrader and MT4 platforms.

Fortrade Review: Key Takeaways

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