FortifiedTrade

Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.

Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.

What is FortifiedTrade？

FortifiedTrade is a broker based in the United Kingdom and it is currently not regulated.

Pros & Cons

Pros:

• Flexible Leverage: FortifiedTradeprovides a range of leverage from 1:50 to 1:400, so traders can choose an appropriate level for their trading style and risk management strategy.

• 24/7 Customer Support: Offers round-the-clock support, so assistance is available whenever the market is open.

• Multilingual Official Website: The website supports multiple languages including English, French, Hindi, Italian, and Spanish, among others.

Cons:

• No Regulation: FortifiedTrade is not currently regulated by any external authority. This absence of regulatory oversight will concern users about its standard of oversight and protection offered.

• High Minimum Deposit: The requirement for an initial deposit of FortifiedTrade is €10,000, which is very expensive. It is not friendly to new or casual traders who are not willing or able to invest a large sum when starting out.

Is FortifiedTrade Legit？

• Regulatory Sight: FortifiedTrade is currently without regulatory oversight and any licenses that would enable it to conduct its operational standards in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security Measures:

1. Two-Factor Authentication (2FA): FortifiedTrade utilizes two-factor authentication to add an extra layer of security to user accounts. With 2FA, users must provide not only their password but also a secondary form of verification, such as a code sent to their mobile device or email.

2. 256-bit Data Encryption: To protect sensitive data during transmission, FortifiedTrade employs 256-bit encryption, one of the most secure encryption methods available.

3. Funds Segregation: FortifiedTrade also implements funds segregation, so user funds are kept separate from the company's operating funds, reducing the risk of mismanagement or misuse. In the event of financial difficulties or operational issues within the company, segregated funds remain protected and accessible to users, thus maintaining their financial security.

Market Instruments

FortifiedTrade offers a certain range of market instruments. These include:

1. Forex: Forex trading involves the exchange of one currency for another, and it is the largest and most liquid market in the world.

2. CFDs (Contract for Differences): These derivatives allow traders to speculate on the rising or falling prices of fast-moving global financial markets or other instruments.

3. Cryptocurrencies: Traders can engage in the dynamic and rapidly evolving crypto market, trading in various digital currencies.

Account Types

FortifiedTrade allows users to choose different account types. These include:

1. Bronze Account: This is an entry-level account, ideal for novice traders who are just starting out. It provides basic access to the trading platform and educational resources.

2. Silver Account: A step up from Bronze, the Silver Account offers additional features such as more in-depth market analysis and possibly enhanced customer support.

3. Gold Account

1. Gold account holders are end to one risk-free trade, providing them an opportunity to trade without the risk of losing money.

2. A personal assistant is available to help manage trading activities and provide tailored advice.

4. Platinum Account: Similar to the Gold account, Platinum users enjoy all the benefits of lower-tier accounts but with additional privileges, and it provides more advanced trading tools, customized accounts, and more personalized support.

5. Islamic Account: Designed specifically for traders wishing to adhere to Sharia law, which prohibits earning interest. With this account, no swap or rollover interest is charged on positions held overnight. It mirrors the benefits tailored to comply with Islamic finance principles.

All account holders receive regular market reviews and trade e-books. Market reviews are crucial for keeping traders informed about the latest market trends and potential investment opportunities. A library of trading e-books is available to all users as educational resources to enhance traders' knowledge and skills in various aspects of trading.

The minimum deposit requirements are listed below in the table.

Leverage

The leverage offered starts at 1:50, which means that for every $1 in the trader's account, they can control a position worth $50. The maximum leverage available is 1:400, allowing traders to control a position 400 times larger than their actual account balance. Traders can select the leverage that suits their trading style.

Deposits & Withdrawals

Trade supports several payment methods. These include:

1. Credit Card: Credit cards are a common and convenient method for instant deposits. Traders can use major credit cards such as Visa, MasterCard, and American Express to fund their accounts.

2. Debit Card: Similar to credit cards, debit cards provide a quick and easy way to deposit funds. They are linked directly to a trader's bank account, and the funds are deducted immediately.

3. Bank Wire Transfer: For larger deposits or withdrawals, bank wire transfers are a secure option.

4. Cryptocurrencies: FortifiedTrade allows deposits and withdrawals in various cryptocurrencies, offering an alternative for those who prefer digital currency transactions.

Customer Support

FortifiedTrade provides customer support 24 hours a day, 7 days a week. The support channels include:

1. Contact Form: An online contact form is available on the FortifiedTrade website where clients can fill it out to submit their queries or issues.

2. Telephone Support: Clients can directly reach the support team via telephone. For FortifiedTrade, the contact number provided is +442038465537.

3. Physical Visit: FortifiedTrade's company address is 20 Bank St, London E14 4AD, United Kingdom. Users around can pay a visit to their physical office for in-person inquiries.

Frequently Asked Questions (FAQs)

Question: Is there a minimum deposit required？

Answer: Yes, the minimum deposit is €10,000.

Question: Is FortifiedTrade regulated？

Answer: No, it is not regulated.

Question: What is the maximum leverage provided by FortifiedTrade？

Answer: 1:400.

Question: Does it support MT4/5？

Answer: No, it supports neither. It provides its own web trader.

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.