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Pros

Regulated by multiple top-tier authorities, ensuring a safe trading environment.
Low minimum deposit requirement of $100, making it accessible for new traders.
Comprehensive educational resources and market analysis tools available for traders.

Cons

Inactivity fees apply after six months of non-trading activity.
High spreads starting from 2.00 pips, which may affect trading costs.
Customer support is not available 24/7, limiting assistance outside of business hours.

Fortrade broker Accounts

Fortrade Account Types

Fortrade offers a single live trading account type, with an Islamic, swap-free account option available upon request. The minimum deposit required to open a Fortrade account is $100 USD. Fortrade provides access to a variety of trading instruments, including over 50 currency pairs, 300 stock CFDs, and numerous indices and commodities. The overall rating for Fortrade is 4.7/5, and it is regulated by the Financial Conduct Authority (FCA). The trading fees are low, with spreads starting from 2 pips. Additionally, a demo account is available for practice, providing virtual funds of €10,000 without an expiry period.

Fortrade Broker Account Opening Process

To open a Fortrade account, follow these simple steps:

  • Start the Registration Process: Visit the Fortrade website and click on the "Sign Up" button located at the top right corner of the page.
  • Fill Out the Registration Form: Complete the online registration form with your personal details, including your name, email address, and phone number.
  • Verify Your Identity: To comply with regulations, you will need to provide proof of identification (such as a passport or driver's license) and proof of address (like a utility bill or bank statement).
  • Fund Your Account: After your account is verified, you can fund it with the minimum deposit required, which is $100 USD.
  • Start Trading: Once your account is funded, you can begin trading various instruments using the Fortrade platform.
  • For more detailed information, you can visit the following sources:

Fortrade accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Fortrade Account