FORTFS

Note: FORTFSs official site - https://www.fortfs.com/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Fort Financial Services Ltd (FortFS) was founded in 2010 and operates from St Vincent and the Grenadines. The team has since expanded its services to Asia, with additional offices established in Malaysia and Indonesia. FortFS provides trading services in forex, CFDs and futures markets on several trusted platforms, catering to all levels of traders. FortFS is not subject to any regulation.

Here is the home page of this brokers official site:

Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

There are several markets to trade at FORTFS:

Forex - Trade over 50 currency pairs including majors. Zero-spread pairs are also available

Shares CFDs - Over 50 shares are available in global companies such as Visa and Twitter

Indices - Access some of the worlds biggest indices including the FTSE 100 and NASDAQ

Cryptocurrencies - Trade 13 cryptocurrencies including Bitcoin and Litecoin

Futures - Trade on bonds, indices, metals, currencies, and energies

Commodities - Trade on gold, silver, and oil in spot markets

Account Types

FORTFS claims to offer four types of trading accounts, namely Newbie, Flex, Fort and Pro. The minimum initial deposit requirement is quite low, only $5 for Newbie, Flex, and Fort accounts, and $500 for Pro accounts. Although this may sound good news, given the fact that FORTFS is not subject to any regulation, traders are not advised to register real trading accounts here.

Leverage

Despite unlimited leverage claims, there are restrictions depending on account balance and account type. Leverage is available up to a maximum of 1:1000 with the Newbie, Flex and Fort accounts, and up to 1:100 with the Pro account:

$1~$1,000 – 1:1000

$1,000~$5,000 – 1:500

$5,000~$20,000 – 1:200

$20,000~$100,000 – 1:100

l$100,000+ – 1:33

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.

Spreads & Commissions

With the Newbie and Flex accounts, floating spreads are available and start from 0.3 pips. With the Fort account, spreads are fixed from 2 pips, and in the Pro account, floating spreads start from 0.1 pips. Major pairs in the Pro account are the most competitive, at around 0.3 pips for the EUR/USD. In the Flex account, however, youre looking at around 1.2 pips for the EUR/USD.

There is no commission charged on forex and precious metals, however, there is a fairly complex and variable commission structure for all the other assets

Trading Platform

The platform available for trading at FORTFS is the industry-standard MetaTrader4 and MetaTrader5.

The MetaTrader4 (MT4) platform is one of the most popular servers among beginners and experienced traders. Its intuitive interface allows for a powerful and seamless experience, whilst its suite of advanced features suits various trading styles.

The multi-functional MetaTrader5 (MT5) terminal is the successor to MT4 and comes with a range of advanced tools suited to the more advanced trader. The powerful system allows for algorithmic trading and comprehensive price analysis.

Deposit & Withdrawal

FORTFS offers several fast and mostly fee-free deposit methods: Qiwi, Skrill, Neteller, FasaPay, WebMoney, PerfectMoney, Visa/Mastercard, and Local Asian banks (Indonesia, Malaysia, Vietnam, and Thailand).

The minimum deposit is $5 (or currency equivalent) with WebMoney, PerfectMoney, Qiwi, Neteller, and Fasapay. All other methods require a deposit of $20 or equivalent. Users can withdraw funds using the same methods above and at the same commission rates.

E-wallets are instant, card payments take 3-7 working days, and local Asian banks take up to 48 hours. Minimum withdrawal limits are $0.1 (or currency equivalent) for WebMoney, PerfectMoney, Skrill, and Qiwi; $5 for FasaPay and Neteller; $20 for card payments, and $15 for local Asian banks.

Customer Support

FORTFS customer support can be reached by telephone: +371 67 66 0716, email: support@fortfs.com. Company address: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown St Vincent and Grenadines.

Pros & Cons

Frequently Asked Questions (FAQs)