If you are searching for a reliable and trustworthy broker for your Forex trading, then look no further than Fortrade. It is a reputed brokerage firm that offers Forex as well as CFD trading to individual retail traders and retail clients around the world. The broker came into existence in 2011. The official address of the broker is Michelin House, 81 Fulham Road, London SW3 6RD, United Kingdom.

The main motto of this firm is to offer hassle-free trading to the customers with full transparency and integrity in a safe, user-friendly trade environment. One can find more than 150 different instruments to trade from, and the broker is regulated by the FCA (Financial Conduct Authority) of UK. You should rest assured about the legality of the broker.

Reliability – Is Fortrade, a Scam Broker?

The broker has been in the business since 2011, and within this period, it has carved a niche for itself in the financial market. Although it does not have a lot of experience on its side, the broker can compensate by offering hassle-free service with best in class customer support to traders.

Lack of experience might be a negative aspect for Fortrade especially by the newbie traders who want to do business with the top rated brokers in the market. It is appropriate for the new traders, but it is just one small aspect that can be overlooked when you get better services in return. So, instead of looking at the bigger picture, traders should look at the little things because, in the long run, it matters a lot.

Fortrade Online Trading

To check whether the broker is reliable and trustworthy is to verify the brokerage firm’s technical infrastructure. For Fortrade, it looks pretty good as the broker has invested a lot and offer three different trade platforms for its customers. It is helpful to traders to switch from one platform to another if any trading platform is not working at that moment. In short, Fortrade is a reliable Forex broker without a shadow of doubt and traders can opt for their online trade with this brokerage firm without any second thoughts.

Different Trading Platform Offered

At the moment, traders can use three different trading platforms offered by Fortrade which is discussed below:

Desktop Fortrade: It is a downloadable platform which is known for its powerful trading features. It provides real-time performance in trading more than 150 assets. The platform comes equipped with all the bells and whistles like different trading tools, customised trade environment and user-friendly interface for all kinds of traders.

Web Fortrade: It is an online trading platform that can be accessed through internet connectivity from any computer or laptop. The features of this trading platform are more or less the same as compared to the Desktop Fortrade platform.

Mobile Fortrade: For people who are always on the move and don’t have the time and luxury to sit in front of the computer to make an online trade, this is an ideal platform. One just needs a smartphone or tablet to get going with this trading platform. It can be accessed from anywhere and anytime as long as you have a smartphone with a decent internet connection.

Trading Account Types at a Glance

At the moment, only one account type is offered by Fortrade. As a trader, you can start investing by making a minimum deposit of €/$/£100 as the base currency. However, we recommend traders to deposit €/$/£500 and trade with only 2/5 of it for best results. Demo account feature is offered by the broker with one-time virtual money worth €10,000. The demo trade account helps the traders to test the platform and devise strategies before jumping into the real trade.

Commissions and Spreads

The amount of spread offered depends on the asset which is being traded by the customer at that exact moment. Spreads start from:

  • 4pips for FX trading
  • 0.5pips for Index CFDs
  • 0.2pips for US stocks
  • 0.1pips for European stocks
  • 0.06pips for US treasury bonds
  • 0.04pips for commodities.

Customer Service

Client Support” is the most important and striking feature offered by Fortrade for all its clients and retail traders. One can contact the customer support through email or telephone. The website of the broker is available in Italian, French, German and Spanish apart from English.

Pros

  • Three versatile trade platforms
  • 30% deposit bonus
  • Broker regulated by FCA
  • Minimum deposit amount is €/$/£100
  • More than 150 trading instruments available

Cons

  • Spreads are higher than average
  • Live chat support not available
  • Local telephone support not available
  • Metatrader4 trade platform not available
  • One trading account type available

Final Verdict

Although it is a relatively new broker, Fortrade has been in the limelight for its state of the art trading features and impressive customer support. Since its inception, the broker has been moving from strength to strength which shows its versatility. At the same time, the broker is entirely regulated by FCA and is not the scam brokerage firm.

So traders can have the peace of mind and start trading without any second thoughts. With low minimum deposit of €/$/£100 and “30% Deposit Bonus“, Fortrade is an excellent broker that can meet all the trading requirements of both newbies as well as skilled traders.

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