Fortrade Review 2021

Analysis of the Main Features of the Forex Broker

3.45

Overall rating

3.24

/10

Execution of orders

3.66

/10

Investment instruments

3.3

/10

Withdrawal speed

3.6

/10

Customer Support work

3.08

/10

Variety of instruments

3.82

/10

Trading platform

129

Position
in rating

129

Position in rating

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.

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.

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!

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.

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.

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

3.45

Overall rating

3.24

/10

Execution of orders

3.66

/10

Investment instruments

3.3

/10

Withdrawal speed

3.6

/10

Customer Support work

3.08

/10

Variety of instruments

3.82

/10

Trading platform

Dynamics of the Popularity of Fortrade
in 2020 among the Users of the Traders Union

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 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
Contacts

Tags:

Fortrade

The 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.

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.

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.

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.

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!

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.