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%
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Fortrade Review 2021
Analysis of the Main Features of the Forex Broker
129
3.45/10
Overall rating
Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of Fortrade Trading Company
Fortrade is a broker that provides the opportunity to trade in the financial market. The company is regulated by the Cyprus Securities and Exchange Commission (NBRB). The broker provides access to trade in foreign currencies and CFD price difference contracts.
Attention!
We work exclusively with the accounts opened through Traders Union.
Fortrade Latest Comments 2021
0
3
2
Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Fortrade published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
Nunofx
I've never known a broker to call as much as Fortrade. Even after I asked them to stop, they continue. It's really pushy and puts me off.
vidarica
When I try to withdraw funds from my Fortrade account, my balance is reset to zero, but no funds are received. I've been trying for a month now to contact their support team to try and fix this issue, but I'm being ignored across all communication channels. Poor service!
sizam51
Constantly calling from multiple numbers both in my country of residence and abroad. No option to close Fortrade account. Guy is so pushy. I signed up to explore my options and he kept pushing me to deposit without having explained things properly. Would not recommend at all.
sayed4672
Fortrade has managers and consultants who do what they are told to do so the company can make as much money as possible. The Fortrade broker itself can have a bunch of licenses. But managers and consultants are not professionals or traders. These are mostly ordinary students who persuade clients to fund a trading account. And then, with their advice, they lead clients' accounts at a loss.
UlunKito
Hey! I would like to share my history of cooperation with Fortrade. I transferred $ 2000 to the company through Pay Pal. But a Fortrade manager named Tamara Sutic said no money was coming in. Then I sent the Pay Pal receipt and other documents. In total, I sent about 5 letters. And only after 10 days the money was credited to my account. Fortrade may be a good company, but I don't recommend trading here.
Analysis of the Main Features of the Forex Broker
Dynamics of the Popularity of Fortrade
in 2020 among the Users of the Traders Union
Trading Conditions for Fortrade Users
| Trading platform: | MT4, Mobile platforms, MT4 WebTrader, Web Fortrader, Fortrade App |
|---|---|
| Accounts: | Real/Demo |
| Account currency: | USD/GBP/EUR |
| Replenishment / Withdrawal: | Bank Wire Transfer, Credit/Debit Card, Skrill, Neteller, Paypal |
| Minimum deposit: | 100 USD |
| Leverage: | 1:100 |
| PAMM-accounts: | No |
| Min Order: | 0,01 |
| Spread: | from 2 pips |
| Instruments: | Forex, Stocks, Indices, Metals, Energies. |
| Margin call/Stop Out: | 50%/20% |
| Liquidity provider: | No |
| Mobile trading: | Mobile Platforms |
| Affiliate program: | Yes |
| Orders execution: | Market Execution |
| Trading features: | No |
| Contests and bonuses: | Balance bonus, credit bonus |
Comparison of Fortrade with other Brokers
| Fortrade | FxPro | XM Group | Admiral Markets UK | AvaTrade | FXTM | |
| Trading platform |
MT4, MobileTrading, WebTrader, ForTrader for PC, Mobile Fortrader, Fortrader online | MT4, MobileTrading, MT5, cTrader | MT4, MT5, MobileTrading | MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition | MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option | MT4, MT5, MobileTrading, WebTrader |
| Min deposit | $100 | $100 | $5 | $200 | $100 | $1 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:25 to 1:500 |
From 1:200 to 1:400 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 2 points | From 1 point | From 1 point | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
50% / 20% | 25% / 20% | 100% / 50% | 100% / 30% | 25% / 10% | 40% / 20% |
| Execution of orders | Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | $30 | No | No | No |
| Cent accounts | No | No | Yes | No | Yes | Yes |
Broker comparison table of trading instruments
| Fortrade | FxPro | XM Group | Admiral Markets UK | AvaTrade | FXTM | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | No |
| Crypto | No | Yes | No | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | No | No | No | Yes | No | No |
| Options | No | No | No | No | No | No |
Contacts
| Registration address | Michelin House, 81 Fulham Road, London. SW3 6RD |
| Regulation |
ASIC, NBRB, CySEC, FCA Licence number: 493520, 193075810, 385/20, 609970 |
| Contacts |
Email:
[email protected],
Phone: +44 203 966 4505 |
Tags:
FortradeThe Oldest Reviews of the Fortrade
The reviews by customers of the Fortrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Fortrade published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
UlunKito
Hey! I would like to share my history of cooperation with Fortrade. I transferred $ 2000 to the company through Pay Pal. But a Fortrade manager named Tamara Sutic said no money was coming in. Then I sent the Pay Pal receipt and other documents. In total, I sent about 5 letters. And only after 10 days the money was credited to my account. Fortrade may be a good company, but I don't recommend trading here.
sayed4672
Fortrade has managers and consultants who do what they are told to do so the company can make as much money as possible. The Fortrade broker itself can have a bunch of licenses. But managers and consultants are not professionals or traders. These are mostly ordinary students who persuade clients to fund a trading account. And then, with their advice, they lead clients' accounts at a loss.
sizam51
Constantly calling from multiple numbers both in my country of residence and abroad. No option to close Fortrade account. Guy is so pushy. I signed up to explore my options and he kept pushing me to deposit without having explained things properly. Would not recommend at all.
vidarica
When I try to withdraw funds from my Fortrade account, my balance is reset to zero, but no funds are received. I've been trying for a month now to contact their support team to try and fix this issue, but I'm being ignored across all communication channels. Poor service!
Nunofx
I've never known a broker to call as much as Fortrade. Even after I asked them to stop, they continue. It's really pushy and puts me off.
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FAQs
Do reviews by traders influence the Fortrade rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Fortrade you need to go to the broker's profile.
How to leave a review about Fortrade on the Traders Union website?
To leave a review about Fortrade, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Fortrade on a non-Traders Union client?
Anyone can leave feedback about Fortrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Why is it more profitable to work with Fortrade through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
Traders Union Recommends: Choose the Best!