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

AA

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Comparison

Quantity 5

Exposure

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Website

Score

Regulatory Index9.39

Business Index8.12

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

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Company Name

Fortrade Limited

Company Abbreviation

Fortrade

Platform registered country and region

Hong Kong

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-03-04
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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Pyramid scheme complaint
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Sources
Fortrade · Company summary
Fortrade Review Summary
Founded2013
Registered Country/RegionHong Kong
RegulationASIC, FCA, CySEC, CIRO, NBRB
Market InstrumentsCFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries
Demo Account
Islamic Account
LeverageUp to 1:200
EUR/USD SpreadFloating around 2.5 pips
Trading PlatformFortrader, MT4
Min Deposit€/$/£ 100
Payment MethodsMasterCard, Visa, Skrill, Neteler, PayPal
Customer Support24/5 live chat, contact form
Tel: +44 204 571 7564
Email: infomu@fortrade.com, support@fortrade.com
Facebook/Twitter/YouTube
Restricted RegionsThe United States and Belgium

Fortrade Information

Founded in 2013, Fortrade is a regulated mult-asset broker registered in Hong Kong, offering trading in CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries on Fortrader and MT4 trading platforms.

Fortrade Information

Pros and Cons

Pros Cons
24/5 live chat supportNo 24/7 customer support
Regulated wellClients from the United States and Belgium are not accepted
MT4 availableWide EUR/USD spread
Demo accounts availableNegative comments about the difficulty in withdrawing money
Various tradable instruments
Swap free

Is Fortrade Legit?

Fortrade currently holds multiple regulatory licenses, including

  • Australia Securities & Investment Commission (ASIC)
  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Canadian Investment Regulatory Organization (CIRO)
  • National Bank of the Republic of Belarus (NBRB)
Regulated CountryRegulated byRegulated EntityLicense TypeLicense No.
ASICFORT SECURITIES AUSTRALIA PTY. LTD.Market Making(MM)000493520
FCAFortrade LimitedMarket Making(MM)609970
CySECFortrade Cyprus LtdMarket Making(MM)385/20
CIROFortrade Canada LimitedMarket Making(MM)Unreleased
NBRBFort Securities BLR Limited Liability CompanyRetail Forex License193075810

Regulated by ASIC
Regulated by FCA
Regulated by CySEC
Regulated by CIRO
Regulated by NBRB

What Can I Trade on Fortrade?

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

Tradable InstrumentsSupported
CFDs
Currencies
Stocks
Indices
Precious metals
Energy products
Agriculture products
US treasuries
Cryptocurrencies
Bonds
Options
ETFs

Account Type

Fortrade provides demo accounts and Islamic accounts.

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).

Leverage

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

Trading Platform

Fortrade cooperates with the authoritative MT4 trading platform and a propriety trading platform - Fortrader, available on the Web, Windows, and Mobile (iOS and Android).

Trading PlatformSupported Available Devices Suitable for
FortraderWeb/Mobile (iOS/Android)-
MT4Web/Windows/Mobile (Android)Beginners
MT5-Experienced traders
Fortrader
MT4

Deposit and Withdrawal

The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal.

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

User Reviews

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User comment

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Comments

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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.
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2024-04-19 13:43
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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
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5