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Fortrade -

Score

8.15 /10
Good

Fortrade

Hong Kong

10-15 years

Regulated in Australia

Market Making(MM)

MT4 Full License

Global Business

High potential risk

https://www.fortrade.by

Influence

AA

Add brokers

Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index9.39

Business Index8.11

Risk Management Index0.00

Software Index9.83

License Index9.37

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Broker Information

More

Company Name

Fortrade Limited

Company Abbreviation

Fortrade

Platform registered country and region

Hong Kong

Company website

X

Facebook

YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-12-31
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Fortrade

United Kingdom

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Forex

Have to pay individual income tax to withdraw funds after profiting

SHENZHOU
2020-12-24 09:12
Resolved

They don't admit my deposits

They keep pushing me to dpeosit funds but I haven't been allowed to withdraw funds

JoseDeales
2021-06-08 03:05
Unable to Withdraw

Unable to withdraw. Is this platform real or fake

I can’t withdraw money repeatedly and ask me to invest in it. Is this platform worthy of trust?

FX2016350509
2021-01-20 13:32
Unable to Withdraw

Unable to withdraw

It rejected withdrawal and said the transaction volume was not enough. I thought it was a scam and I had to report it.

LUMEIMEI
2021-09-01 21:49
Unable to Withdraw

Have to pay risk control funds and margin, 70,000

In the normal operation, I was told that I violated the regulations and the account was frozen. The deposit is OK, but the withdrawal is difficult.

FX1048031010
2021-01-19 07:07
Sources
Data Source WikiFX Data provide
Updated: 2024-12-31
Fortrade · Company summary
FortradeReview Summary
Founded10-15 years
Registered Country/RegionHong Kong
RegulationRegulated
Market InstrumentsEnergy/Agriculture/US treasuries/Stocks/Indices/Currencies/Precious metals
Demo Account✅
LeverageUp to 1:200
SpreadFrom 0.0 pips
Trading PlatformFortrader/MT4(Web/Windows/Mobile(iOS/Android))
Min Deposit€/$/£ 100
Customer SupportPhone: +44 204 571 7564
Email: infomu@fortrade.com
Email: support@fortrade.com
Email: partners@fortrade.com
Live chat
Facebook/Twitter/YouTube

Fortrade Information

Fortrade is a broker. The tradable instruments include energy, agriculture, US treasuries, stocks, indices, currencies, and precious metals. The broker also provides a demo and a real account with a maximum leverage of 1:200. The minimum deposit is €/$/£ 100. Although Fortrade is regulated by ASIC, FCA, CSEC, CIRO, and NBRB, risks cannot be completely avoided due to its bad reviews about difficulty withdrawing money.

Fortrade Information

Pros and Cons

Pros Cons
Leverage up to 1:200Negative comments about the difficulty in withdrawing money
24/5 customer supportNo 24/7 customer support
Regulated
MT4 available
Demo account available
Various tradable instruments
Swap free

Is Fortrade Legit?

Fortrade is regulated by ASIC with license number 000493520, FCA with license number 609970, CSEC with license number 385/20, CIRO, and NBRB with license number 193075810, which is much safer than unregulated brokers.

Is Fortrade Legit?
Is Fortrade Legit?
Is Fortrade Legit?
Is Fortrade Legit?
Is Fortrade Legit?
Is Fortrade Legit?

What Can I Trade on Fortrade?

Fortrade offers a wide range of market instruments, including energy, agriculture, US treasuries, stocks, indices, currencies, and precious metals.

Tradable Instruments Supported
Energy✔
Agriculture✔
US Treasuries✔
Stocks✔
Indices✔
Currencies✔
Precious Metals✔
Forex❌
Commodities❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on Fortrade?

Account Type

Fortrade provides a demo and a real account. The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. Islamic users are allowed to open Islamic accounts with no swap fees.

Clients following the Muslim faith can open a forex & CFD trading account without any rollover interests on overnight positions (=swap interests).

Account Type Supported
Demo account✔
Real account✔
Island account✔
Account Type

Leverage

The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.

Trading Platform

Fortrade cooperates with the authoritative MT4 trading platform and a propriety trading platform available on the Web, Windows, and Mobile(iOS and Android) to trade. Junior traders prefer MT4 over MT5. MT4 and MT5 provide various trading strategies and implement EA systems. Fortrade also provides proprietary software.

Trading PlatformSupported Available Devices Suitable for
Fortrader✔Web/Mobile(iOS/Android)-
MT4✔Web/Windows/Mobile(Android)Experienced traders
Trading Platform
Trading Platform

Deposit and Withdrawal

The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal. Funds sent by wire transfer will usually be credited to the account within seven business days. Withdrawals made by Bank Wire Transfer usually take up to 5 business days. Withdrawals to credit/debit cards can take up to 15 business days.

Deposit and Withdrawal

News

ExposureFortrade Lost its Belarus License

Fortrade, a London-based retail broker, has recently faced significant regulatory changes in the Belarusian financial market, causing ripples in its operations and raising questions about its authorization status.

WikiFX
2024-01-05 17:29
Fortrade Lost its Belarus License

NewsCySEC Takes Action Against Ayers Alliance, BCS (Cyprus) for Non-Compliance

CySEC, the Cypriot financial market regulator, maintains its war on noncompliance, announcing enforcement action against two more regulated entities on Tuesday, Ayers Alliance Financial Group Limited and BrokerCreditService (Cyprus) Limited.

WikiFX
2022-04-20 11:51
CySEC Takes Action Against Ayers Alliance, BCS (Cyprus) for Non-Compliance

NewsFX Broker Fortrade Becomes a Rangers FC Sponsor

The two signed an 18-month partnership deal.

WikiFX
2022-02-17 11:34
FX Broker Fortrade Becomes a Rangers FC Sponsor
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User Reviews

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User comment

11

Comments

Write a review

Huikn
more than one year
The swap fee itself was not the problem but the way Fortrade did it was unacceptable for me. I got less than 24hrs notice that I will be charged, with full positions opened, there no way I could clear it and have to accept it. Online help was not helpful at all, just blamed it on the preprograming something. To be FAIR to traders, they they should give everyone long enough notice (15 days or so) before any policy change so that we could have enough time to change our strategy and trades.
The swap fee itself was not the problem but the way Fortrade did it was unacceptable for me. I got less than 24hrs notice that I will be charged, with full positions opened, there no way I could clear it and have to accept it. Online help was not helpful at all, just blamed it on the preprograming something. To be FAIR to traders, they they should give everyone long enough notice (15 days or so) before any policy change so that we could have enough time to change our strategy and trades.
Translate to English
2024-04-19 13:43
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0
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FX1217728940
more than one year
Honestly, Fortrade’s MT4 trading platform is amazing! My trading journey here goes well due to its quick order execution and powerful charting tools, as well as EA trading.
Honestly, Fortrade’s MT4 trading platform is amazing! My trading journey here goes well due to its quick order execution and powerful charting tools, as well as EA trading.
Translate to English
2023-02-21 21:07
Reply
0
0
5