Fortrade Review

Minimum Deposit: $100 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Fortrade is a regulated and reliable broker that is determined to help new and experienced traders to succeed. The broker provides sophisticated platforms and comprehensive market analysis at no costs to its clients.

Fortrade Review


Fortrade is a multi-regulated CFD broker that offers the popular MT4 platform and exclusive Fortrader platform to its clients for convenient trading and investing online. The broker has a vast range of financial products and services including comprehensive analysis, training resources and trading tools for both new and experienced traders. In addition to excellent automated market analysis from Trading Central, traders are presented with daily and weekly analysis powered by the internal research team.

Founded in 2013, Fortrade has been expanding its services around the globe. Its headquarters is located in London but it has offices in other locations around the world. The broker is regulated in several countries and accepts multiple payment options including e-wallets and Bitcoin. Fortrade describes itself as a premier provider of products, services and platforms for CFD and forex trading online. The broker’s goal is to make online trading more accessible, enjoyable and profitable for everyone.

8Expert Score
Fortrade Rating

Buy and sell CFDs on hundreds of financial products with a multi-regulated broker and top-class trading conditions. You can access a range of markets with powerful platforms and premium tools for expert market analysis at your fingertips.

Trading Products
Commissions and Fees
Platforms and Tools
Research and Education
Deposit and Withdrawal

Fortrade Review

Pros and Cons

Fortrade is a broker that has invested in technology, hardware, software and human resources. This is to ensure they remain at the forefront of the brokerage industry when it comes to trading online. They are regulated in several jurisdictions and maintain adequate security which helps to give traders peace of mind so that they can focus on their day trading activities. That being said, lets take a look at some of the key advantaged and disadvantages of the broker to see if they can meet your needs.

  • Regulated broker
  • Offers two professional platforms: Web Fortrader and MT4.
  • Has a variety of trading instruments including bonds, ETFs, stocks CFDs from different countries, forex, precious metals, cryptocurrencies, agricultural products and energies
  • In-depth analysis powered by Trading Central is provided to its clients
  • Multiple training videos and eBooks to assist beginner traders
  • The broker does not allow its services to clients from USA and Belgium
  • $10 is charged monthly from dormant accounts
  • No social trading or managed account for investors

Fortrade Review

Trading Products

On the Fortrade platforms, you can trade multiple assets including: 6 cryptocurrencies, 51 currency pairs, 17 indices, 10 precious metals, 5 energy products, 5 agricultural products, 3 US bonds, 3 ETFs and about 180 stocks CFDs traded in stock exchanges in Europe, US, Australia and Hong Kong. This is a good selection overall although not quite as much as Exclusive Markets who provide over 30,000 in comparison. However, Fortrade has a lot more to offer other than a generous range of financial instruments which we will look at throughout this review.

Fortrade Instruments Summary

Fortrade Instruments

Fortrade Review

Commission and Fees

Commission and Spread Fees

Fortrade incorporates its trading fees into the spread and so, does not charge commissions. The spreads vary according to market conditions. The EURUSD has become an unofficial standard used to measure how high or low a broker’s spreads are. With Fortrade, the EURUSD has an average spread of 2.0 pips which is not that low when compared to its competitors. However, as there is no commission fee charged, which means that the overall difference in costs is probably going to be minimal unless trading large volumes.

If you are not day trading, then you might not really notice a big difference with the spreads and can save by not paying a commission fee. However, if you are scalping and frequently getting in and out of the market, you will probably want a lower spread, even if that means paying a small commission fee on top. In that instance, IC Markets and Pepperstone would be two of my top choices for brokers with spreads that start from zero pips and low fees.

Fortrade has no account types and special conditions attached; it is just a retail live account and a free demo account. Trading accounts can be maintained in USD, EUR, GBP, TRY, AUD and CAD. Swap fees are charged or paid to accounts that have open positions by 5pm New York time.

If you are Muslim client, you can request a swap free Islamic account by contacting the client support desk after completing registration and verifying your account.

Demo accounts are free, limitless and risk free. They come preloaded with $10,000 worth of virtual funds for trading practice or strategy perfection. I think this is a great way for you to get a feel for what the broker has to offer before making a commitment.

FeeStandard Account
Commission (per standard lot per side)$0
Spreads from2.0
Fortrade Fees

Deposit and Withdrawal Fees

Fortrade does not charge deposit fees but fees incurred while processing withdrawals are charged to the client’s account. For example the International transfer fee is usually $40, so it is passed to the client that requests an international bank transfer.

Inactivity Fees

$10 or its equivalent in other currencies is charged from a dormant account every month. A Fortrade trading account becomes inactive if no trade position was opened from it for a period of 180 consecutive days. To avoid inactivity fees, you could consider another broker such as Hugo’s Way.

Fortrade Review

Platforms and Tools

Fotrade offers two trading platform options as follows:

Web Fortrader

This platform works on all browsers and needs no downloads or installations. It is proprietary to Fortrade and is designed for all traders irrespective of their prior experience. I found it very easy to use with lots of tools for analysing the charts. You can customise the layout according to your own strategy and manage your positions without any complications. Below are some of its features:

  • You can search and find assets easily and arrange your preferred instruments in the favourites list.
  • Charts are detachable and multiple charts can be opened simultaneously.
  • Up to 6 chart styles; candle, bar, coloured bar, line, mountain and baseline.
  • Charts can be displayed on 9 timeframes; from one minute to one month.
  • Full order management tools like pending orders, stop loss, trailing stop, etc.
  • It has over 110 technical indicators for analysis.
  • It comes with inbuilt tools like economic calendar, traders’ sentiments, etc.
Fortrade Web Fortrader
Fortrade Web Fortrader

MT4 trading platform

The MT4 platform is one of the most widely used forex and CFD trading platforms and trading apps in the industry today. It has been chosen by traders due to its speed, versatility, complexity and powerful tools. You will find that this platform is available through most brokers including Oanda. This can make life a lot easier should you decide to change brokers at some point. Below are some of its features:

  • The interface is simple, user friendly and can easily be customized.
  • Its features and tools can be expanded through plugin apps built with the MQL4 coding language.
  • It supports trade automation through expert advisors (EAs) built with MQL4 and installed on the MT4.
  • It comes with access to the MetaTrader market where you can rent or purchase trading tools like signals, trading robots (EAs), technical indicators, etc. Some are free.
  • Each trading instrument can be viewed on 3 chart styles and on 9 time frames.
  • There are 24 analytical tools used in analyzing the charts.
  • Though it comes with 30 technical indicators; you can add more through plugin apps.
  • You can use market orders, pending orders, stop order, trailing stops, etc to place your orders.

The MT4 comes as WebTrader which is built with html5 and runs on web browsers. The premium version is the downloadable windows desktop version. Also, it has mobile versions for Android and iOS devices.

Fortrade MT4
Fortrade MT4

Mobile trading

Fortrade fully support mobile trading with 4 mobile apps:

  • Mobile Fortrader for Android
  • Mobile Fortrader for iPad and iPhone
  • MT4 for Android
  • MT4 for iOS devices

All apps can be downloaded from their respective stores. From the apps, traders can monitor the markets quotes, open and close trade positions as well as analyze the markets.

Fortrade MT4 App
Fortrade MT4 App

Fortrade Platforms Summary

MetaTrader 4 (MT4)
MetaTrader 5 (MT5)x
Social Tradingx
Other x
Fortrade Platforms

Fortrade Review

Research and Education

Trading eBooks

Fortrade has about 4 eBooks available for its clients at no costs. They are:

  • CFDs and stocks eBook: A short introductory into stocks CFDs.
  • Commodities and futures eBook: A 10-page book introducing some futures and commodities and how to trade them.
  • Forex eBook: This book teaches beginners how forex trading works.
  • Advanced eBook: It has 94 pages and it covers topics like trading psychology, capital management, market analysis, trading strategies and a glossary of terms. Each chapter ends with a revision exercise.
Fortrade Education
Fortrade Education


Almost every week, Fortrade schedules webinars to help its clients with recent happenings, trading insights, analysis and training.

Forex and CFD trading courses

This course is designed for beginner traders. It comprises of five video lessons that explains forex trading, trading terms, analysis, strategies and order types. The videos are animated, very clear and easy to understand.

Fortrade Trading Courses
Fortrade Trading Courses

Advanced trading course

This section has video lessons discussing about stocks, CFDs, commodities and futures contracts.

Trading videos

There are about six videos in this section training clients on technical analysis, trading psychology, capital management and global trading.

Top day trading strategies

Some of the strategies discussed in the videos are: Tunnel strategy, trend signal strategy, fractal strategy, wave tracker, zigzag strategy, fishing strip, fibo trap, T-chaser, zoom in and semi-automatic strategies.

Fortrade Trading Strategies
Fortrade Trading Strategies


Over 240 forex and CFD trading terminologies are defined in this glossary.

Trading Central

Fortrade has partnered with a leading financial research and technical analysis firm; Trading Central. This means that traders are furnished with trading tools and updated technical analysis on a wide range of trading instruments. I think this is a brilliant tool for analysing the markets and identifying potential trading opportunities. It can save you hours of time needing to scan through charts for your setups. You will not find it available through many brokers, although easyMarkets and HYCM both offer it free of charge.

Fortrade Trading Central
Fortrade Trading Central

Market news and analysis

Fortrade provides its clients a daily market news and analysis on a range of trading instruments like currency pairs, commodities (gold, crude oil, etc), indices and more. There is also a weekly review and micro analysis presented by the Research department of the brokerage. This is a great way for you to keep on top of what is happening in the global markets.

Economic calendar

This calendar is vital in fundamental analysis because it shows exactly the time and date when important economic events will take place. It also shows the importance level, analysts’ forecast and previous impacts on a currency or financial instrument. I always like to use an economic calendar when making a decision to make sure I do not get caught on the wrong side of a pending news release. The MT5 platform actually has a handy economic calendar built-in, but the broker only provides MT4. For the newer platform in MT5, you could consider another broker such as FXDD.

Other tools

Fortrade also has the following basic tools to assist its traders:

  • Currency converter
  • Swap rates calculator
  • Pip value calculator
  • Margin percentage calculator

Fortrade Research and Education Summary

Market Analysis
Trading Central
Economic Calendar
Other (Currency converter and Trading Calculators)
Fortrade Resources

Fortrade Review

Deposit and Withdrawal

You can fund your Fortrade account through bank transfer, debit and credit cards, Skrill, Neteller and Bitcoin. The minimum deposit is $100/£100/€100 or its equivalent but for bank transfer, the least amount is $250. Bank transfers may take up to 7 days before it reflects in your trading account. Depending on the acquiring banks, you may be charged some amount of money but internally, Fortrade will not charge for deposits.

Withdrawal requests are processed promptly. Bank transfers are usually completed in 5 working days while debit cards may take as much as 15 business days. I think they have a great selection and are one of a few brokers who currently accept crypto funding, Hankotrade being another option.

Fortrade Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Fortrade Funding Options

Fortrade Review

Regulation and Safety

Fortrade operates in various jurisdictions where it is authorized and regulated as follows:

  • Fortrade Ltd: is authorised and regulated in UK by the Financial Conduct Authority (FCA). Its registration number is FRN: 609970.
  • Fortrade Canada Limited is authorized and regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
  • Fort Securities Australia Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC). Its license number is  AFSL: 493520.
  • Fortrade Cyprus Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20.
  • LLC Fort Securities Belarus is authorised and regulated by the National Bank of the Republic of Belarus (NBRB), FRN: 193075810.

Fortrade Canada Ltd is a member of the Canadian Investor Protection Fund (CIPF) which insures that investors are compensated when a member firm becomes insolvent. So, if Fortrade closes down its operations, clients will be able to get refunds or compensations.

Similarly, Fortrade UK is a member of the Financial Services Compensation Scheme (FSCS) which will compensate UK clients if Fortrade brokerage collapses. Clients from the CySEC regulated jurisdictions are not left out; they could get some compensation in the event of insolvency of the brokerage.

Furthermore, clients’ funds are held in segregated accounts and periodically audited to ensure strict compliancy with the regulatory standards.

Fortrade Regulation Summary

ASIC (Australia)
IIROC (Canada)
CySEC (Cyprus)
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
Other (NBRB Belarus)
Fortrade Regulators

Fortrade Safety

Fortrade meets all the necessary requirements to qualify as a safe broker. It is regulated in multiple jurisdictions by both tier1 and lesser regarded regulators. It meets the digital security standards of software implementations as well as strict client funds segregation. Overall, I would say that Fortrade is very well regulated and I would not have any issue trusting them.

Fortrade Review

Client Support

Fortrade has prepared a Frequently Asked Questions (FAQs) page where several questions about its brokerage operations were answered. The broker has dedicated customer support team that is available 24/7. You can reach them by filling the web form on its website or sending an email. There are phone support lines available for more than 15 countries, if your country of residence is in the list, just call the support phone number. You can also get help by initiating a web chat on the website. On social media; Fortrade is active on facebook, Twitter and YouTube.

Fortrade Review


Fortrade is a focused broker that is steadily growing from strength to strength. Regulated in up to 5 countries, the broker has continued to offer conducive trading environment to its global clients. Multiple assets including ETFs, US bonds and cryptos are available for trading on its proprietary and MT4 platforms. Trading on the go is fully supported via the Fortrader and MT4 mobile apps. Comprehensive analysis is provided by ‘Trading Central’ as well as the Fortrader Research team. Several training videos are provided especially for tyro traders.

However, its spreads are not very low in comparison with other top competing brokers such as XM Group. Also, there is no provision for investors; in form of social trading or managed portfolio. Summarily, Fortrade is good for new and experienced traders but they can still improve on its spreads and some other aspects of its services.

Everything that you find on is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Fortrade Review


When was Fortrade founded?

Fortrade began its brokerage operations in 2013.

Where is Fortrade located?

Fortrade’s head office is in London, UK but it has offices in Sydney Australia, Limassol in Cyprus, Vancouver in Canada and Minsk in Belarus.

Is Fortrade regulated?

Fortrade is regulated in several jurisdictions which include FCA in the UK, CySEC in Cyprus, ASIC in Australia, IIROC in Canada, and NBRB in Belarus.

What trading instruments does Fortrade offer?

On Fortrade’s platforms, you can trade more than 300 assets comprising of forex, commodities, cryptocurrencies, US bonds, ETFs, indices and stocks.

What is Fortrade’s minimum deposit?

Only $100, £100, €100 or its equivalent in your account currency is needed to open a Fortrade trading account.

What trading platforms does Fortrade offer?

The available platforms are the popular MT4 and Fortrader platforms.

What is Fortrade’s commission fee?

Fortrade charges from the bid-ask spread and there are no extra commissions.

Does Fortrade charge an inactivity fee?

Yes! If you do not trade for a period of 90 days, your account will be subjected to a monthly charge of $10.

What are Fortrade’s spreads?

An average of 2.0 pips is charged for the EURUSD which is normally used as a benchmark to rate brokers’ spread charges.

What funding options does Fortrade offer?

You can fund your Fortrade account via bank wire transfers, debit or credit cards, Bitcoin, Skrill and Neteller.

Does Fortrade offer demo trading?

Demo accounts are created automatically once you register a new account. $10,000 is already deposited into the account for your trading practice.

Does Fortrade offer Islamic accounts?

Yes, it is available on request when you contact the customer support team after registration and account verifications.

How do I contact Fortrade customer support?

There is a form on Fortrade’s website; you can fill it and submit. You can also send an email, call any of the support lines for your country or initiate a web chat.
Fortrade Review
Fortrade Review
Minimum Deposit: $100
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