Fortrade Review

Founded in 2013, Fortrade is a regulated broker focused on simple and accessible trading for all, providing user friendly platforms with a large amount of educational materials and a vast market analysis area. The broker has a generous selection of trading instruments along with a variety of convenient deposit and withdrawal methods. The Fortrtade trading condtions include tight spreads, no commission fees and rapid trade execution speeds.

Pros / Cons
  • Strict regulation
  • User-friendly trading platforms
  • Competitive trading conditions including tight spreads & rapid execution speeds
  • Various convenient account funding options
  • Vast range of educational materials
  • Trading central
  • In-depth news & market analysis
  • 24/5 support
  • Inactivity fee
  • No US clients

In this detailed Fortrade review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Fortrade Overview

Fortrade is an online trading broker offering 24-hour market access to hundreds of trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs to individual and institutional traders across the globe.

Established in 2013, Fortrade pride themselves on being a transparent, secure, trusted and reliable broker with a large online trading community. They aim to make trading more accessible and enjoyable with simple yet powerful solutions for all levels of trader.

Fortrade offer a vast selection of educational materials and trading tools to help clients improve their trading knowledge and skills. Amongst the free resources are daily market analysis, video tutorials, trading courses, webinars, eBooks and more.

Fortrade offers the popular MetaTrader 4 (MT4) platform as well as their very own Fortrade web, mobile and desktop platform. The platforms have intuitive designs for friendly, simple and fast online trading whether you are a novice or advanced trader. They also include advanced technology for analysing the markets and executing trades.

Trading accounts can be opened with a minimum deposit of $100 whilst spreads and execution speeds are competitive compared to other online brokers. They also charge no commission on trades.

According to managing director Nick Collison, “Fortrade now serves over 10,000 private and institutional traders from across the globe, and continues to grow. We are not content to rest on our laurels and we continue to improve, innovate and develop products to ensure we offer the best to our customers. We believe that trust is essential to succeed in our industry, and we pride ourselves on our integrity, dependability and transparency. As a UK-based broker we are authorised and regulated by the Financial Conduct Authority (FCA). This ensures our commitment to safeguarding our customers’ interests and adherence to the FCA’s Treating Customers Fairly code.”

Fortrade Regulation

Fortrade are regulated and hold client funds in accordance with strict rules and regulation. Regulation helps to give clients the peace of mind that they are using a reliable and trusted broker in addition to having advantageous trading conditions. Fortrade’s motto is “trust and transparency in all that we do”.

Fortrade authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Fort Securities LLC. is authorised and regulated by the National Bank of the Republic of Belarus (NBRB) in Belarus.

Fort Securities Australia PTY LTD (T/A Fortrade Australia) is licensed and regulated by the Australian Securities and Investments Commission (ASIC).

Fortrade Canada Limited is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fortrade Countries

Fortrade accept clients from most countries excluding residents of the United States, Japan or Belgium and any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Some Fortrade broker features and products mentioned within this Fortrade review may not be available to traders from specific countries due to legal restrictions.

Fortrade Platforms

Fortrade clients can choose between the popular MetaTrader 4 (MT4) trading platform or Fortrade’s very own platform. Both platforms are available for desktop, web and mobile.

Fortrade Platforms

Fortrade Platforms

MetaTrader 4 (MT4) Desktop

The MT4 desktop platform allows you to trade global markets from your PC or laptop. It streams hundreds of real time price quotes and charts from a range of trading instruments across different markets. You can view charts on multiple timeframes and use the built-in technical indicators to analyse charts for potential trading opportunities.

There are a range of order types available, trading strategy templates, drawing objects and alert notifications. MT4 also supports custom indicators and automated trading strategies commonly known as expert advisors (EAs).

Although Fortrade only offer the MT4 desktop platform for windows, it is available from other brokers for Mac.

Fortrade MetaTrader 4 (MT4) Desktop

Fortrade MetaTrader 4 (MT4) Desktop

MetaTrader 4 (MT4) Mobile App

The powerful MT4 app includes all of the advanced capabilities of the traditional desktop version, offered in an intuitive and feature-rich package. It is available for download on both Android and iOS from the relevant app stores.

Fortrade MetaTrader 4 (MT4) Mobile App

Fortrade MetaTrader 4 (MT4) Mobile App

MetaTrader 4 (MT4) WebTrader

The MT4 WebTrader is accessible from all major PC and Mac browsers, without needing to download or install any software. It provides you with access to over 300+ CFD asset classes including forex, stocks, commodities, indices, ETFs and Bonds, all from directly within your web browser. The WebTrader maintains all of the advanced capabilities of the traditional desktop version.

Fortrade MetaTrader 4 (MT4) WebTrader

Fortrade MetaTrader 4 (MT4) WebTrader

Desktop Fortrader

The Fortrader desktop platform allows users to trade 150+ forex currencies and CFDs with the intuitive software, benefitting from the accuracy and functionality of fully-automated trade executions. You can download and access the feature-packed platform to conveniently and securely place orders online.

The platform displays live-streaming price quotes, charts and has built-in technical indicators to help your market analysis and get the most out of your trading strategies. It has a flexible and user-friendly interface that allows you to control and customise your trading environment in a way that best suits your trading style and strategies.

Fortrade Desktop Fortrader

Fortrade Desktop Fortrader

Web Fortrader

The Fortrader web platform gives instant access to the global financial markets without needing to download or install any additional software. Users can enjoy a reliable trading solution via an internet connection and most modern browsers, accessible in just a few clicks of your mouse. You can open, modify and close positions – in the office, on your holidays or during any other situation you please – provided there is an internet connection. It’s fully synced, quick and easy to use.

Fortrade Web Fortrader

Fortrade Web Fortrader

Mobile Fortrader

The Fortrade mobile app enables you to stay connected and manage your account from anywhere in the world and at any time. You can easily and effectively turn your Android or iOS device into a virtual trading desk from within the palm of your hand. The mobile platform is available for download on both Android and iOS.

Fortrade Mobile Fortrader

Fortrade Mobile Fortrader

Fortrade Trading Tools

Fortrade have a selection of useful trading tools including trade calculators, currency convertor and trading central.

Trading Central

Fortrade have partnered with Trading Central to offer a complete package of technical analysis tools to help improve your trading skills and to understand the basics of charting.

Its technical analysis outputs, charts and indicators are based on information collected from a consortium of investment banks and asset managers.

Trading Central can assist with trading decisions and is constantly being updated with more insightful technical analysis reports and sophisticated chart-pattern recognition tools. It is simple to use and can be located in the platform’s chart section on the desktop, web and mobile platforms.

Fortrade Trading Central Analysis

Fortrade Trading Central Analysis

Currency Converter Tool

The currency converter tool uses real-time market rates to convert your predefined amount to and from various currencies.

Fortrade Currency Converter Tool

Fortrade Currency Converter Tool

Margin Percentage Calculator

The margin calculator provides a simple percentage calculation of the required leverage for each tradable instrument offered by Fortrade. This enables you to calculate exactly how much margin is required in order to open a position, and adjust its size accordingly, if necessary.

Fortrade Margin Percentage Calculator

Fortrade Margin Percentage Calculator

Swap Rates Calculator

Swap rates determine the costs for holding a position overnight. This occurs at 21:00 GMT time, on any trades held open at this time. You can use the swap calculator to quickly calculate the swap fees that you will be charged, based on the instrument, account currency and trade size.

Fortrade Swap Rates Calculator

Fortrade Swap Rates Calculator

Pip Value Calculator

The pip calculator finds out the exact value of your trading positions in the currency of your trading account. This can help to understand how your trade sizes are being calculated.

Fortrade Pip Value Calculator

Fortrade Pip Value Calculator

Fortrade Education

Fortrade have a free online trading academy with a range of useful resources for improving traders knowledge and skills. There are webinars, eBooks, trading courses, trading videos, video tutorials, trading strategies, news and market analysis.

Fortrade Education

Fortrade Education


Fortrade offer professional and free online webinars covering a range of trading topics such as market analysis (technical & fundamental), money management, technical indicators, trading psychology and much more.

Fortrade Webinars

Fortrade Webinars

Trading eBooks

The trading eBooks offer a detailed overview of the markets and trading principles. They are a good place to get started and learn more about trading with a good variety of topics covered.

Fortrade Trading eBooks

Fortrade Trading eBooks

Trading Courses

Fortrade offer beginner and advanced trading courses covering a wide range of topics including different markets, trading strategies, types of orders, terminology and more. These courses are fun and easy to follow, in bitesize digestible slides.

Fortrade Trading Courses

Fortrade Trading Courses

Trading Videos

The trading videos are very professional and detailed, providing a wide range of advanced education on numerous topics ranging from market analysis, trading psychology, technical and fundamental analysis and more. The videos are fun and friendly, suitable for all trader skill levels.

Fortrade Trading Videos

Fortrade Trading Videos

Video Tutorials

Fortrade have a collection of video tutorials covering various trading topics and how to use Fortrade services. There are videos for opening accounts, using trading platforms, conducting chart analysis, using trading tools and more.

Fortrade Video Tutorials

Fortrade Video Tutorials

Trading Strategies

Fortrade share some trading strategies that can be used as stand alone strategies for market analysis or implemented as part of another strategy.

Fortrade Trading Strategies

Fortrade Trading Strategies

Glossary of Terms

The glossary of terms contains frequently used trading terminology and definitions.

Fortrade Glossary

Fortrade Glossary

News & Market Analysis

Fortrade have a frequently updated analysis area that covers daily / weekly / historical analysis which can be used for finding potential market opportunities and to assist with strategies. Analysis is very detailed with technical and fundamental analysis covered across multiple markets. There is an economic calendar that displays upcoming news releases at possible impact on the markets.

Fortrade News & Market Analysis

Fortrade News & Market Analysis

Fortrade Instruments

Fortrade offers traders over 300+ CFD products across a range of asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs.

They have more than 60+ forex currency pairs based on majors, minors and exotics. There are 20 indices, 180 stocks, 5 metals including gold and silver, 5 types of energy including gas and oil, and 5 types of soft commodities.

Fortrade Instruments

Fortrade Instruments

Fortrade Accounts & Fees

Fortrade offer a demo practice account and real trading account. They do not charge a commission and instead add costs into the spread which is marked up. The minimum deposit required is $100 which provides access to all platforms and trading products. Islamic swap free accounts that comply with Sharia law are also available.

Professional Account

Traders who qualify as a professional client can apply for a professional account. To be eligible for a professional account you need to have traded in significant size an average frequency of 10 times in each of the last 4 quarters on CFDs or forex, have an investment portfolio of + €500,000. (Including cash savings / financial instruments), have worked for at least one year in the financial sector in a professional position, gaining knowledge of CFD and forex trading. Whilst a professional account can give EU traders leverage of up to 1:200 instead of 1:30, it also reduces the protection offered from the broker.

Inactivity Fee

If for any consecutive period of 180 days, you do not trade on your account then Fortrade will deem the account to be inactive or dormant and charge you an administrative fee of $10.00 which represents Fortrade’s administrative cost of continuing to operate the inactive account. The fee is deducted from the client account balance following the expiration of the grace period and every thirty days thereafter.

As broker fees can vary and change, there may be additional fees that are not listed in this Fortrade review. It is imperative to ensure that you check and understand all of the latest information before you open a Fortrade broker account for online trading.

Fortrade Support

Fortrade offer multilingual customer service 24/5 via online chat, telephone and email. There are international telephone numbers and the live chat is very prompt to attempt to answer questions. Support are happy to answer any questions you may have about Fortrade products or services. They also welcome any feedback or comments.

Fortrade Deposit & Withdrawal

Fortrade accept a range of funding options including all major credit/debit cards, bank transfers, Neteller and Skrill. The method you opt for may depend on how long it takes to process. If you want something quick then you may consider an online payment processor. Please note that some methods may only be available to specific countries.

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear whilst some methods can be instant.

Accounts can be opened in GBP, EUR, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Fortrade Funding Options

Fortrade Funding Options

Fortrade Account Opening

Opening an account to start trading at Fortrade is quick and easy. You simply complete the short account opening form and verify your account with some form of identification and proof of address such as a passport and utility bill. Once verified, you can create a free demo practice account or fund your live account and start trading on the MT4 or Fortrade platform desktop, web and mobile platforms.

Fortrade Account Opening

Fortrade Account Opening

Fortrade FAQ

What is the Fortrade minimum deposit?

Although Fortrade recommends an initial deposit of €/$/£500 (depending on your base currency), it is possible to start trading with as little as €/$/£ 100. This minimum deposit amount is relatively low compared with other brokers that require minimum deposits in the thousands.

How do I deposit money into Fortrade?

Account deposits at Fortrade involve an easy and straightforward process: log into your secure client area and choose your desired payment method from the available payment options: credit/debit cards, bank transfers, and some online payment gateways — Neteller, Skrill, Paypal, and more.

Please bear in mind that the deposit method you chose may affect the time taken to process your transaction. Bank transfers, for example, may take a few business days to be processed, while some online payment methods are instant.

The broker accepts deposits in the following currencies: USD, EUR, and GBP. If you make payments into an account in your own currency, you can avoid incurring conversion fees.

What are the Fortrade deposit fees?

Fortrade does not charge any deposit fees. The amount of money you request to deposit is the amount you will see in your trading account. However, some payment providers may charge some fees for processing your deposits.

How do I withdraw money from Fortrade?

You can withdraw your funds from your Fortrade trading account using any of the payment options you used for your deposits: credit/debit cards, bank transfers, and some online payment gateways — Neteller, Skrill, Paypal, and more.

To withdraw, log in and go to the “Deposits/Withdrawals” tab located inside the drop-down menu in the right corner of your screen. Select the withdrawal method and enter the amount and any other account information that may be required.

Withdrawals made by Bank Wire Transfer usually take up to 5 business days to reach your account, whereas withdrawals to credit/debit cards can sometimes take up to 15 business days to reach your account.

Please note that your withdrawal amount may be rejected if your free margin/equity has changed since you submitted the withdrawal request.

What are the Fortrade withdrawal fees?

Fortrade does not charge any withdrawal fees, but any Wire Transfers/International Telegraphic Transfer (TT) Fees incurred by Fortrade are passed on to the customer. Most International Wire Transfers and TTs are approximately $40.

What is the Fortrade commission fee?

Fortrade does not charge any commission on their trades. Thus, the commission is included within a marked up spread.

Are there any Fortrade inactivity fees?

Yes, Fortrade would charge an administrative fee of $10 on your account if you do not trade with it for 180 days. This is known as the inactivity fee. It is expected to cover the broker’s administrative cost of continuing to operate the inactive account. The fee is deducted from the client account balance following the expiration of the grace period and every thirty days after that.

What are the Fortrade account types?

Fortrade offers a single live trading account. The exact trading conditions offered by the trading account are dependent on the asset and trade size. The minimum recommended deposit amount is 500 (GBP/EUR/USD), though you can deposit as little as 100.

There is also a Professional account, which is available to eligible clients who have traded a significant volume for an average frequency of 10 times in each of the last four quarters on CFDs or forex, have an investment portfolio of + €500,000, and must have an excellent knowledge of the financial markets.

Is there a Fortrade demo account?

A demo account is available at Fortrade. An initial notional sum of €10,000 of practice money is automatically deposited into your demo trading account, enabling you to learn and practice online trading in a real trading environment before opening a live trading account.

It is important to note that trading with virtual money on a demo account can differ from trading with real funds. The emotions involved that can impact trading decisions may not be the same, and the demo account feed cannot replicate the re-quotes and slippage of a real account.

What are the Fortrade spreads?

The spread is the difference between the bid (buy) and ask (sell) prices of a particular asset. You enter a buy trade using the buy price quoted and exit using the sell price. The narrower the spread, the lesser the price needs to move in your favor before you start to make a profit — or if the price moves against you — a loss. Fortrade offers consistently competitive spreads.

Spreads are a common way in which trading platforms charge fees. At Fortrade, the average spread on major currency pairs is around 2 pips for the EUR/USD and 3 pips for the EUR/GBP.

What is the Fortrade leverage?

The maximum leverage available at Fortrade is capped at 1:200. Leverage allows you to open a position size larger than you would be able to without it. While this can increase profit potential, it can also significantly increase risk. It is essential to make sure you have a clear understanding of what leveraged trading is and the risks involved.

The term leverage is often used to describe the margin requirements. For example, leverage of 50:1 corresponds to a margin requirement of 2% (1 divided by 50 is 0.02 or 2%). A 2% margin requirement means that if you wish to open a new position, then you must have 2% of the size of that position available as Margin.

For example: If a client’s Equity is currently 1,000 GBP, and he decides to open a Buy position of 100,000 GBP/USD, the offered leverage is 1 to 100, which reflects a margin requirement of 1%.

In that case, the client must have an equity of at least 1% of 100,000 GBP (1,000 GBP) to open that position – if he has that amount, the trade will be opened successfully.

In case the client has less than 1,000 GBP in his Equity while trying to open the same position, the transaction would not be opened

What are the Fortrade Margin & stop-out levels?

When the Equity declines to half or less than half the Margin used, the Fortrade platform will alert customers who are signed in to the Fort platform with a margin call.

When the Equity falls within 20% of the used margin, the Fort platform will automatically liquidate all open positions at once.

Does Fortrade allow hedging, scalping & expert advisors?

Fortrade welcomes all trading strategies, including hedging, scalping and expert advisors.

Is there a Fortrade Islamic account?

Yes, an Islamic account is available at Fortrade and can be requested by email. The Islamic account is swap-free, and it complies with the sharia law. The Islamic Account is made available only upon request by the clients.

What are the Fortrade trading instruments?

Fortrade offers a wide range of financial instruments: currency pairs, stocks, indices, energy products, precious metals, US bonds, and more.

How do I open a Fortrade live account?

It is easy to open a live trading account with Fortrade: click on the ‘Sign Up’ icon located at the top right corner of the broker’s website and ensure to fill out the form appropriately. After you have filled in all the relevant information requested on the form and read the broker’s terms, conditions, and privacy policy, you can proceed to submit your information.

How do I verify my Fortrade account?

To verify your Fortrade account, you will need to send the following documents by email to the broker:

Proof of Identification (including a government-issued photo)

  • International travel passport
  • Government-issued driver’s license
  • Government-issued national/state/province identity card (including European ID card)
  • Military ID card.

Proof of Address (bearing your name and issued within the last 3 months)

  • Utility bill
  • Financial statement issued by a bank, credit card company, insurance company, or investment firm
  • Telecommunication service invoice ( telephone landline service, internet service, or pay television service);
  • Property ownership document or lease agreement;
  • Letter from official instances (court, embassy, police station, educational institutions, etc.);
  • Letter from the place of work; evidence of temporary registration.

What is the Fortrade trading platform?

Fortrade provides traders with the popular MT4 trading platform and its proprietary trading platform that is developed in-house by the broker’s tech experts. These trading platforms  — MT4 and Fortrade — are available as desktop applications for windows and Mac computers; WebTrader that can run directly on most modern web browsers without the need to download and install a trading application; and mobile apps that are compatible with Android and iOS devices and can be downloaded from the respective app stores.

Where can I download the Fortrade platform?

The WebTrader platform can be accessed directly from the broker’s website via any modern web browser. The desktop applications for Windows and Mac computers can be downloaded from the broker’s website. In contrast, the mobile apps can be downloaded from the Google and Apple stores, which can also be accessed from the broker’s website.

Where is Fortrade located?

Fortrade is headquartered in the United Kingdom and has registered in the Republic of Belarus.

Is Fortrade regulated?

Fortrade is regulated in multiple jurisdictions as follows:

  • Fortrade Ltd. is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
  • Fort Securities LLC. is authorized and regulated by the National Bank of the Republic of Belarus (NBRB) in Belarus.
  • Fort Securities Australia PTY LTD (T/A Fortrade Australia) is licensed and regulated by the Australian Securities and Investments Commission (ASIC).
  • Fortrade Canada Limited is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a Canadian Investor Protection Fund (CIPF).

What countries does Fortrade accept?

Fortrade accepts traders from the different parts of the globe, provided their countries of origin permit online trading with international brokers. Hence, they do not accept clients from the following countries: United States, Japan, and Belgium.

Is Fortrade a scam?

No, Fortrade is not a scam; they are strictly regulated in multiple jurisdictions and have been offering brokerage services to a global clientele since 2013.

How can I contact Fortrade support?

The broker’s client support team is available 24/5 to respond to all your trading inquiries. They can be reached via the following contact channels: online chat, telephone, and email.

Fortrade Summary

Fortrade is a regulated broker that offers a good range of trading instruments on flexible trading platforms suitable for different trader skill levels. The educational materials provided are extremely vast as is the market analysis area, whilst useful trading tools are available. Furthermore, the brokers trading conditions are very competitive, with tight spreads, fast execution speeds and no commission fees.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fortrade Logo

Min $100 Deposit

Founded in 2013, Fortrade is a regulated broker focused on simple & accessible trading for all, providing user friendly trading platforms with a large amount of trading instruments, educational materials & a vast market analysis area.