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
- No
- Forte (the ForteBank mobile apps)
- ARDFM and AIFC
Our Evaluation of ForteFinance
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
ForteFinance is a broker with higher-than-average risk and the TU Overall Score of 3.73 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.
Brief Look at ForteFinance
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.
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ForteFinance Trading Conditions
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.
| 💻 Trading platform: | Forte (the ForteBank mobile apps) |
|---|---|
| 📊 Accounts: | Brokerage |
| 💰 Account currency: | KZT, USD, EUR, and other currencies |
| 💵 Deposit / Withdrawal: | Bank transfers |
| 🚀 Minimum deposit: | Any amount |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 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 |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Lower trading fees for ForteBank clients |
| 🎁 Contests and bonuses: | No |
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.
ForteFinance Key Parameters Evaluation
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Regulation and safety
ForteFinance has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Not tier-1 regulated
- Not regulated
- Track record of less than 8 years
ForteFinance Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
ForteFinance is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker ForteFinance have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of ForteFinance with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, ForteFinance’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
ForteFinance Standard spreads
| ForteFinance | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,6 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,0 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
ForteFinance RAW/ECN spreads
| ForteFinance | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,50 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,30 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with ForteFinance. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
ForteFinance Non-Trading Fees
| ForteFinance | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
To start investing in securities through ForteFinance, open an account at their office. There are no multiple account types to choose from - every client is given access to a single brokerage account for trading various investment instruments.
Account Types:
Like many stockbrokers, ForteFinance does not offer demo accounts. To minimize risks at the beginning of trading, traders can buy and sell fractional shares instead of whole ones.
Deposit and withdrawal
ForteFinance received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
ForteFinance offers limited payment options and accessibility, which may impact its competitiveness.
- No deposit fee
- Minimum deposit below industry average
- No withdrawal fee
- Low minimum withdrawal requirement
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC not available as a base account currency
- BTC payments not accepted
What are ForteFinance deposit and withdrawal options?
ForteFinance offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making ForteFinance less competitive for those seeking diverse payment options.
ForteFinance Deposit and Withdrawal Methods vs Competitors
| ForteFinance | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are ForteFinance base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. ForteFinance supports the following base account currencies:
What are ForteFinance's minimum deposit and withdrawal amounts?
The minimum deposit on ForteFinance is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ForteFinance’s support team.
Markets and tradable assets
ForteFinance offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 15 Forex pairs.
- Copy trading platform
- Multiple markets
- Crypto trading not available
- Small selection of currency pairs
Supported markets vs top competitors
We have compared the range of assets and markets supported by ForteFinance with its competitors, making it easier for you to find the perfect fit.
| ForteFinance | Plus500 | Pepperstone | |
| Currency pairs | 15 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | No | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | No | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products ForteFinance offers for beginner traders and investors who prefer not to engage in active trading.
| ForteFinance | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Registration address | 46 Sauran Str., office 201, Astana 010000, Republic of Kazakhstan, Z05T2Y2 |
|---|---|
| Regulation |
ARDFM and AIFC
Licence number: 3.2.242/18 and AFSA-A-LA-2021-0016 |
| Official site | finance.forte.kz |
| Contacts |
+7 (717) 298 29 07, +7 (7172) 59 99 99, +7 (701) 090 90 19
|
Comparison of ForteFinance with other Brokers
| ForteFinance | Eightcap | XM Group | RoboForex | IC Markets | Kama Capital | |
| Trading platform |
Forte (the ForteBank mobile apps) | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, cTrader, MT5, TradingView | MetaTrader5 |
| Min deposit | $1 | $100 | $5 | $10 | $200 | No |
| Leverage | No |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
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