FortFS -Overview of Minimum Deposit, Spreads & Leverage

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.

Markets Instruments

There are several markets to trade at Fort Financial Services:

• 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

Minimum Deposit

The minimum initial deposit requirement is quite low, only $5. Although this may sounds a 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

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 Available

The MetaTrader 4 (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 suit various trading styles. The multi-functional MetaTrader 5 (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, Local Asian banks (Indonesia, Malaysia, Vietnam, Thailand), Minimum deposits start from $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