Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Fortrade Pros & Cons
- Negative balance protection for all retail clients;
- Wide choice of trading instruments with leverage;
- Proprietary platform and classic MetaTrader 4 are available;
- Presence on the market since 2014 and regulation by reputable financial supervisory commissions;
- Professional market reviews, including analytics from Trading Central;
- Partnership programs for traders, bloggers, companies, and institutional clients;
- No deposit or withdrawal fees.
- High trading fees, including those for the most liquid currency pairs;
- No trust management services;
- The Fortrader trading platform runs with delays and freezes occasionally.
Fortrade is a multi-regulated Forex and CFD broker that has representative offices in five countries. In London in 2014, it was registered and licensed by FCA 609970 (Financial Conduct Authority), one of the world’s most reputable supervisory bodies. Over the following years, Fortrade obtained licenses from ASIC 493520 (Australian Securities and Investments Commission), CIRO (Canadian Investment Regulatory Organization), CySEC 385/20 (Cyprus Securities and Exchange Commission), FSC (Financial Services Commission | Mauritius), and NBRB (National Bank of the Republic of Belarus). Its clients can trade over 300 instruments with leverage up to 1:200 (for FSC clients) and variable or fixed spreads. The international office regulated by FSC doesn’t provide its services to traders from over 70 countries, including France, Germany, and the UK. A full list of countries is provided in the FAQs section. U.S. residents cannot open accounts with any of Fortrade’s offices.
TU Expert Verdict
Fortrade demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Fortrade User Reviews
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5-star
10%
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4-star
29%
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3-star
23%
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2-star
22%
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1-star
16%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Fortrade have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Fortrade 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, Fortrade’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.
Fortrade Standard spreads Fortrade OANDA FOREX.com EUR/USD min, pips 1.0 0.1 0.7 EUR/USD max, pips 2.0 0.5 1.2 GPB/USD min, pips 1.0 0.1 0.9 GPB/USD max, pips 2.5 0.5 1.4 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.
Fortrade RAW/ECN spreads Fortrade OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.3 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Fortrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Fortrade Non-Trading Fees Fortrade OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 10 0 15 -
Is Fortrade Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10Fortrade has a safety score of 10/10, which corresponds to a High 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.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 22 years
- Strict requirements and extensive documentation to open an account
Fortrade Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 ASIC
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 CIRO
Full Name Investment Industry Regulatory Organization of Canada Country of regulation Canada Investor Protection Fund CAD 1,000,000 Regulation Level Tier-1
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 Fortrade Security Factors Foundation date 2004 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.4 /10Fortrade offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Swap Free (Islamic) account
- Standard account with balanced trading conditions
- Micro lots are not available
- No VIP account option
Fortrade account types vs top competitors Fortrade Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoFortrade accounts trading conditions
If traders are not Muslims, they can use two account types — demo and live STP (Straight Through Processing). For Islamic countries, Fortrade offers the Swap Free (Islamic) account.
Account types:
Account Type Description Forex & CFD trading This account type can be used for both active and copy trading on MT4. Leverage is up to 1:200 and the order size is from 0.01 lot. Swap Free (Islamic) This account type has similar leverage and order size, but there are higher spreads or additional fees for certain instruments. A demo account on Fortrader has a virtual deposit of €10,000 and is not limited in time. A demo account on MT4 is available for 30 days.
Fortrade’s trading conditions vary subject to the regulator, financial instrument, and client residency.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10Fortrade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Fortrade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Bank wire transfers available
- Minimum deposit below industry average
- No deposit fee
- USDT payments not accepted
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Fortrade deposit and withdrawal options?
Fortrade provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC.
Fortrade Deposit and Withdrawal Methods vs Competitors Fortrade Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are Fortrade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Fortrade supports the following base account currencies: USD, EUR, GBP, TYR.
What are Fortrade's minimum deposit and withdrawal amounts?
The minimum deposit on Fortrade is $100, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Fortrade’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7 /10Fortrade offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 60 Forex pairs.
- 60 supported currency pairs
- Indices trading
- Passive income with bonds
- Limited asset selection
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Fortrade with its competitors, making it easier for you to find the perfect fit.
Fortrade Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 300 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Fortrade offers for beginner traders and investors who prefer not to engage in active trading.
Fortrade Trading.com Plus500 Bonds YesNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Fortrade by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with Fortrade in 15 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Fortrade is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
Fortrade account opening Fortrade Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 15 20 KYC time (days) 2 2 3 Is Fortrade available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Only Fortrade clients can access user accounts with the broker. To become its client, do the following:
To quickly open demo or real account types, click the “Open Account” button to choose the necessary account type from the drop-down list.
The registration process includes three stages. The first stage requires your first and last names, phone number, and email. At the second stage, provide your residence address with a postal code. At the final stage, provide the data on your citizenship, choose the account currency, generate a password, and indicate your employment and income. Next, upload documents confirming your identity and residence address.
Use the Fortrade’s user account to:
- Deposit funds to a verified account.
- Trade on the Fortrade in-house platform.
Additional features of the user account that allow you to:
- Use economic calendar;
- Open additional trading accounts;
- Submit withdrawal requests;
- View statistics on open, closed, and pending orders;
- View the history of monetary transactions;
- Contact technical support;
- Set up alerts.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria4.1 /10Fortrade received a score of 4.1/10, indicating a limited selection of trading platforms and tools. This reflects the absence of advanced platform options or a lack of additional features that could enhance the overall trading experience.
- MetaTrader is available
- Multiple funding options
- No access to a proprietary platform
- Strategy (EA) Builder is not available
Supported trading platforms
Fortrade supports the following trading platforms: MT4, WebTrader. This selection covers the basic needs of most retail traders. We also compared Fortrade’s platform availability with that of top competitors to assess its relative market position.
Fortrade Trading.com Plus500 MT4 YesNoNoMT5 NoYesNocTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Fortrade’s trading platform features
We also evaluated whether Fortrade offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) NoOne-click trading NoScalping YesSupported indicators 30 Tradable assets 300 Additional trading tools
Fortrade offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Fortrade trading tools vs competitors Fortrade Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI NoNoNoFree VPS NoNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria6.6 /10Fortrade supports mobile trading, offering dedicated apps for both iOS and Android. Fortrade received a score of 6.6/10 in this section, indicating a generally acceptable mobile trading experience.
- Indicators supported
- Mobile alerts supported
- Mobile 2FA not supported
- Weak user feedback on iOS
We compared Fortrade with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Fortrade Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 500,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 3.5 4.8 4.7 Google Play score 3.6 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at Fortrade by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.4 /10Customer support at Fortrade is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Fortrade provides basic support functionality but does not stand out in overall service performance.
InformationTechnical support is available round the clock from Monday to Friday.
- Live chat is available on the website
- Traders can ask for assistance in their languages
- Support isn’t available on holidays and weekends
- Only Fortrade clients can get high-quality responses
When clients or website guests need help, they can use any of these communication channels:
- Live chat on the website or on the trading platform;
- Telephone (numbers are provided on the website);
- Facebook or X (formerly Twitter).
The broker’s website has a feedback form to contact support. Users can receive answers by email or telephone.
Contacts Foundation date 2004 Registration address Fortrade Cyprus Ltd, office 302, Abbey Tower, Block A, 34, Kosta Partasides Street, 3030 Limassol, Cyprus Regulation FCA, ASIC, CySEC, FSC (Mauritius), CIRO Licence number:
609970, ABN: 33 614 683 831 | AFSL: 493520, 385/20, GB21026472, BC1148613.Official site https://www.fortrade.com/ Contacts support@fortrade.com +44 203 966 4505
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FAQs
How safe is Fortrade in terms of regulation and investor protection?
Fortrade has a safety score of 10/10 and is regulated by several Tier-1 authorities, including the FCA (UK), CySEC (Cyprus), ASIC (Australia), and CIRO (Canada), as well as the Tier-3 FSC in Mauritius. Investor compensation schemes vary by regulator, with coverage such as up to £85,000 in the UK, up to €20,000 in Cyprus, and CAD 1,000,000 in Canada, and the broker also applies negative balance protection and KYC verification.
What types of trading accounts does Fortrade offer and what are their main features?
Fortrade provides Demo, Standard, ECN/Raw spread, and Swap Free (Islamic) accounts, but does not offer Cent, Micro, VIP, or managed accounts. Non-Muslim clients can use demo and live STP accounts, while Islamic clients have access to a Swap Free account with similar leverage and order size but potentially higher spreads or additional fees on some instruments.
What do user reviews say about Fortrade’s overall service quality?
Fortrade has a user satisfaction score of 5.9/10 based on 129 reviews, with a distribution that includes 10% 5-star, 29% 4-star, 23% 3-star, 22% 2-star, and 16% 1-star ratings. According to user reviews, this mix of positive and negative ratings indicates an overall mixed perception of the broker’s services.
Which markets and tradable assets are available with Fortrade?
Fortrade supports 300 tradable assets in total, including 60 currency pairs, as well as stocks, commodity futures, stock indices, bonds, and ETFs. The broker does not offer crypto trading, options, copy trading, PAMM investing, or managed accounts, which limits some investment and passive income options.
What trading platforms and tools does Fortrade provide, according to user feedback and expert comments?
Fortrade offers MT4 and a WebTrader platform, along with features such as 2FA, alerts, support for 30 indicators, and the ability to trade 300 assets, but it does not support MT5, cTrader, TradingView, or a proprietary platform. The broker’s tools are relatively basic, with no trading bots (EAs), API, free VPS, or third-party analytics tools like Trading Central or Autochartist, and it has a platform and tools score of 4.05/10.
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