Fortrade Review 2021
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| Fortrade is a multi-asset broker offering a simple live account with advanced tools. | ||
Fortrade is broker that gives traders access to Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds. Fortrade allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Fortrade has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.
Fortrade also gives traders access to 4 cryptocurrencies: BTC, DSH, LTC and ETH.
Careful traders will be pleased to know that Fortrade is licensed to provide trading services by multiple regulatory bodies, 5 in fact, including the FCA.
Fortrade Summary
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds |
| Demo Account | ✓ |
| Min. Deposit | $100 |
| Min. Trade | 0.01 lots |
| Regulated By | FCA, ASIC, CySEC, NBRB, IIROC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | Yes (EAs) |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
Trade CFDs with up to 1:30 leverage in multiple markets.
| Leverage | 1:30 |
|---|---|
| FTSE Spread | 2 |
| GBPUSD Spread | 2 |
| Oil Spread | 0.04 |
| Stocks Spread | Variable |
Forex Trading
Trade a breadth of forex pairs with up to 1:30 leverage.
| GBPUSD Spread | 2 |
|---|---|
| EURUSD Spread | 2 |
| EURGBP Spread | 3 |
| Assets | 60+ |
Cryptocurrency Trading
Trade four leading crypto coins against the US Dollar.
| Spread | Variable |
|---|---|
| Coins | BTC, DSH, LTC, ETH |
Payment Methods
Fortrade accepts the following payment methods:
- Neteller
- Skrill
- Visa
- PayPal
- MoneyGram
- Bitcoin Payments
FAQ
Is Fortrade Safe?
Yes, we gave Fortrade a high 90% trust score in our review and believe traders should be safe here. One of the main positives for Fortrade is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.
Does Fortrade Accept PayPal?
Yes, Fortrade does accept PayPal payments.
Is Fortrade Halal?
Yes, Fortrade does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Fortrade support?
Fortrade only supports the MetaTrader 4 trading platform at this time.
Is Fortrade Regulated?
Yes, Fortrade is regulated by 5 different regulators: FCA, ASIC, CySEC, NBRB and IIROC. Most importantly, they're regulated by our own strong FCA here in the UK.
Fortrade vs Other Brokers
If you want to compare Fortrade with other brokers, use the detailed comparisons below.
- DeltaStock vs Fortrade
- EverFX vs Fortrade
- eXcentral vs Fortrade
- Fortrade vs Binary.com
- Fortrade vs Binarycent
- Fortrade vs Key To Markets
- Videforex vs Fortrade
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| Fortrade is a multi-asset broker offering a simple live account with advanced tools. | ||