ForteFinance Review 2024
Minimum
deposit:
  • No

Trading platform:

  • Forte (the ForteBank mobile apps)
Regulation:
  • ARDFM and AIFC
Bonus for deposit:
  • 0%

ForteFinance Review 2024

Updated:
Updated: March 20, 2024

3.27

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • No

Trading platform:

  • Forte (the ForteBank mobile apps)
Regulation:
  • ARDFM and AIFC
Bonus for deposit:
  • 0%

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Summary of ForteFinance Trading Company

ForteFinance is a broker with higher-than-average risk and the TU Overall Score of 3.27 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ForteFinance clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. ForteFinance ranks 288 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

ForteFinance is a subdivision of ForteBank. The bank was established in 1999 and is among the top 5 major banks of Kazakhstan. In 2020, ForteFinance acquired the ARDFM (the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market) license number 3.2.242/18 and in 2021 — the AIFC (Astana International Financial Center) license number AFSA-A-LA-2021-0016. ForteFinance specializes in providing brokerage services, asset management, and corporate finance services. The broker is a registered member of KASE (Kazakhstan Stock Exchange) and AIX (Astana International Exchange). Also, it offers access to international and over-the-counter (OTC) markets.

💰 Account currency: KZT, USD, EUR, and other currencies
🚀 Minimum deposit: Any amount
⚖️ Leverage: No
💱 Spread: No
🔧 Instruments: Securities listed on KASE, AIX, and international exchanges, OTC financial instruments, mutual funds, and repos
💹 Margin Call / Stop Out: No

Evaluation of the most influential parameters of ForteFinance

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

2.80

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.97

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

5.67

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

3.24

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

5.67

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

4.95

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

4.12

/10

Geographic Distribution of ForteFinance Traders

Popularity in

89%
KZ
Kazakhstan
9%
Others
Others

User Satisfaction i

5 comments
Total score:
6.4 /10

Share your experience

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cisyarereJX
4 weeks ago

I have been using ForteFinance services for about six months. Before that, I was an active ForteBank client for over three years and as soon as its brokerage division appeared, I immediately tested it. I like the fees and the quality of its service. The choice of securities is good and their analysis is available directly in the mobile apps. I also fund my account via the Forte app and the money is credited within several hours. I haven’t used management services yet, since I need to increase my portfolio. I trade stocks on KASE and AMEX (American Stock Exchange), but I think of starting trading on EU markets.

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daframa
10 weeks ago

Trading accounts at ForteFinance are funded only by bank transfers, which is a disadvantage. Bank cards or electronic payments are not available. However, money is credited within a day. Withdrawals take longer, but not more than three days. If any trade seems doubtful, I call the broker and request information on it. Managers are always polite and fulfill my requests as responsibly as possible. The Forte mobile app is fast and convenient.

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yopi_lasworo
7 weeks ago

I liked the brokerage services stated on the ForteFinance website. I called the company to ask about fees and the minimum investment amount. They allowed me to start with any amount and didn’t charge fees for opening the account. I think that the fee of 0.5% of the position size is acceptable for profitable trading. Perhaps, it’s higher than other international brokers offer, but you spend more on fund transfers with them. The local broker is better for me, since I can always call or visit its office.

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trainnahuntee
7 weeks ago

I never trade by phone with ForteFinance. I don’t even know how much this service costs, but usually it is paid. I like the Forte mobile app — it is functional, fast, and it froze only once. Previously, research was regularly published on the broker’s website, but now there is none. All analytics are now available in the mobile app, which is even more convenient. The range of available markets is huge, but I trade stocks on our local KASE.

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shahedswiss
8 weeks ago

Today, ForteFinance is my main broker. I use it to trade on exchanges of Kazakhstan and the U.S. I like its large choice of financial instruments with transparent fee calculation. It is possible to deposit KZT and other currencies, which allows traders to save on conversion when trading on foreign exchanges. If you are a ForteBank client, fees for all markets are 0.5% of the trade amount. I have used this bank’s services for a long time, so I’m confident in its reliability, as well as in the reliability of ForteFinance.

Dynamics of ForteFinance’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Trading Conditions for ForteFinance Users

ForteFinance allows retail traders to independently trade securities on global stock exchanges or to transfer their capital under trust management. ForteBank clients pay lower fees for trading financial instruments than other traders. 0.05%-0.10% of the trade amount, but not less than KZT 5,000 is withheld for trading on KASE, AIX, and international exchanges. Fees for repos (repurchase agreements) are 0.25%-0.50% of the position size.

No

Minimum
deposit

No

Leverage

💻 Trading platform: Forte (the ForteBank mobile apps)
📊 Accounts: Brokerage
💰 Account currency: KZT, USD, EUR, and other currencies
💵 Replenishment / Withdrawal: Bank transfers
🚀 Minimum deposit: Any amount
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: No
🔧 Instruments: Securities listed on KASE, AIX, and international exchanges, OTC financial instruments, mutual funds, and repos
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: Market
⭐ Trading features: Lower trading fees for ForteBank clients
🎁 Contests and bonuses: No

Comparison of ForteFinance with other Brokers

ForteFinance RoboForex Pocket Option Exness XM Group Libertex
Trading
platform
Forte (the ForteBank mobile apps) MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5, MobileTrading, XM App Libertex, MT5, MT4
Min deposit $1 $10 $5 $10 $5 100
Leverage No From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:30
From 1:1
to 1:30
for retail clients
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 1.2 point From 1 point From 0.6 points From 0.1 points
Level of margin call
/ stop out
No 60%  /  40% 30%  /  50% No  /  60% 100%  /  50% 50%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

ForteFinance RoboForex Pocket Option Exness XM Group Libertex
Forex No Yes Yes Yes Yes Yes (as CFDs)
Metalls No Yes Yes Yes Yes Yes (as CFDs)
Crypto No No Yes Yes Yes Yes (as CFDs)
CFD No Yes Yes Yes Yes Yes
Indexes No Yes Yes Yes Yes Yes (as CFDs)
Stock Yes Yes Yes Yes Yes Yes (tradable CFDs or Stocks for investment)
ETF No Yes No No No Yes (as CFDs)
Options No No No No No Yes (as CFDs)

Contacts

Registration address 46 Sauran Str., office 201, Astana 010000, Republic of Kazakhstan, Z05T2Y2
Regulation
Official site
Contacts
Disclaimer:

Your capital is at risk.  Your capital is at risk.  79.43% of retail investor accounts lose money when trading CFDs with this provider. ForteFinance and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the ForteFinance rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about ForteFinance you need to go to the broker's profile.

How to leave a review about ForteFinance on the Traders Union website?

To leave a review about ForteFinance, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about ForteFinance on a non-Traders Union client?

Anyone can leave feedback about ForteFinance on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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