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Forte Securities Forex broker specializes in providing foreign exchange trading services, the company's official website https://fortesecurit..., the company's legitimate regulatory information United KingdomFCAInstitution Forex License to enhance the security of the company's address 4th Floor 36 Golden Square London W1F 9EEW 1 F 9 E E UNITED KINGDOM

Forte Securities Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Forte Securities Limited

Abbreviation

Forte Securities

Company employee

Customer Service Email Address

info@fortesecurities.com

Contact Number

+442070994950

Company Website

https://fortesecurities.com/

Company address

4th Floor 36 Golden Square London W1F 9EEW 1 F 9 E E UNITED KINGDOM

https://www.linkedin.com/company/forte-securities---eighth-wonder-capital/

Keywords

15-20 years

Regulated in United Kingdom

Institution Forex License

Suspicious Scope of Business

High potential risk

Company profile

General Information ProfitsTrade is an offshore broker that offers trading in Forex, Stocks, Commodities, Indices and Cryptocurrencies. The broker asserts to be licensed in Dominica, a Caribbean nation. Even if this could be the case, it's important to remember that Dominica, an offshore nation, does not regulate forex trading or, for that matter, any other financial investment services. We quickly searched the internet and found that on July 31, 2020, the UK's Financial Conduct Authority (FCA) had warned about ProfitsTrade and had listed it as an unauthorised business in their Financial Services Register. Regarding licenses or restrictions for forex, nothing is stated in the Terms and Conditions. On a website devoted to security, we can read phrases concerning “Enhanced Risk Controls,” “Credible Liquidity Provider,” and “Minimum Capital Reserve.” Though there is no actual information on the size of this minimal capital, the identity of the liquidity source, or the nature of the risk controls, these are merely vague assertions. Regulated brokers would show evidence of their registration by a reputable regulator, such as the FCA or the Cyprus Securities and Exchange Commission (CySEC), and would reference some of the rules these organizations have surrounding forex brokers in order to win investors' trust. These include Negative Balance Protection, which states that traders may not lose more than the money they initially invested, Minimum Capital Requirements of €730 000 to ensure good financial standing, Client Account Segregation to guarantee that clients' funds are kept separate from the broker's operating funds and that the latter does not have access to them. The brokerages also have to be part of Compensation Schemes providing additional guarantee to clients funds up to a certain amount (85,000 GBP in the UK and 20,000 EUR in the EU). ProfitsTrade, however, is not licensed by any respected regulatory organization, so we warn our readers that investing money with this broker is not safe! ProfitsTrade Trading Software Although “MT4/MT5 online trading platforms” are briefly mentioned in the Terms and Conditions, neither the website nor the client area provide any download links for these or any other well-known trading platforms. In terms of style and functions, the latter appears to be relatively simple. It has a Trade button that launches a web-based platform and an interface for financial operations, which we shall investigate later. This program is really amateurish; it has few capabilities, and the Account Settings, such language or Dark/Light theme, are completely inoperable. Over 80% of customers prefer the MetaTrader 4 (MT4) platform, which is the most popular in the world. It has an easy-to-use interface, sophisticated charting and analytical capabilities, copy and auto-trade options, and more. Its replacement, MetaTrader 5 (MT5), has certain benefits but has yet to become widely used. For example, it gives traders the ability to conduct transactions on many financial markets using a single account and offers a hedging option. There are desktop and mobile (iOS and Android) applications for both platforms. SPREAD On the website the broker claims to offer “low spreads from 0.1 pips”, but as we see in the screenshot the EURUSD spread in the platform is 1.7 pips. Such wide spread for the most traded currency pair will not make any return on the trader‘s investment, but will guarantee hefty profits on the broker’s part. LEVERAGES Leverage is not discussed at all by ProfitsTrade. Unregulated brokers typically promise large profits to unwary customers by advertising excessive leverage. Leveraged trading has the potential to provide large gains, but it may also result in enormous losses—in some cases, losses that exceed original investments. Leverage limits are imposed by other regulatory bodies for non-professional traders. In the USA, they are 1:50, while they are 1:30 for brokers licensed by the CySEC in the EU or the FCA in the UK. Regulated markets, like as Australia, do not have leverage restrictions. PAYMENT OPTIONS On the broker's website, there are no logos or written advertisements for any payment options. The client “may fill his/her account by credit or debit cards, SEPA transfers, wire transfers, and e-wallets in fiat,” according to the refund policy. Only three deposit alternatives were available in the customer area, and two of those were bitcoin. Bitcoin is fully untraceable and anonymous, which makes it a popular means of scam brokers, unlike traditional payment methods where one may apply for a chargeback with their bank institution. The Praxis Cashier system, an unregulated Cypriot payment processor that we frequently encounter with scam artists, is used by the Credit/Debit card option. Regarding the minimum deposit, there is a lot of discrepancy. In one area, it says “No minimum deposit,” yet in the Accounts, we can see that there is a $250 minimum. There is a $50 minimum for withdrawals “unless the Company determines differently in its sole discretion.” The “Company has the right to charge any withdrawal with a fee in the amount of $30,” we further read. Additionally, there is a 0.1 percent administrative fee for hedging positions as well as additional fees that the broker may alter “from time to time by announcing them on the Website.” The website has nothing particular published, as might be expected. ACCOUNT TYPES They have five account types to choose from starting from a minimum deposit of $250 to $10,000, and 20% to 50% bonus. They also advertise an Islamic, or swap-free, account.

Forte Securities broker review

Is Forte Securities safe or scam

Rating Index

Forte Securities Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Forte Securities, established in 2008, is a well-known brokerage firm based in the United Kingdom. The company operates as a private entity and specializes in providing trading services in the forex and CFD markets. Its headquarters is situated at 5th Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN, with additional offices located in major financial hubs worldwide, including Hong Kong, Sydney, and New York.

　　Forte Securities has built a strong reputation over the years, primarily serving institutional clients, family offices, and high-net-worth individuals (HNWIs). The firm offers a range of services, including tailored execution solutions and access to various financial instruments. Notably, Forte Securities Australia Pty Ltd is incorporated in Australia and holds an Australian Financial Services License, regulated by the Australian Securities and Investments Commission (ASIC).

　　Since its inception, Forte Securities has achieved significant milestones, including expanding its service offerings and establishing a global presence. The firm's business model is centered around providing retail forex trading and institutional services, enabling clients to access diverse investment opportunities.

　　Forte Securities broker has successfully navigated the complexities of the financial markets, showcasing resilience and adaptability in a competitive landscape.

2. Regulatory and Compliance Information

　　Forte Securities is regulated by several prominent financial authorities, ensuring compliance with strict industry standards. The primary regulatory body overseeing its operations is the Financial Conduct Authority (FCA) in the UK, with the license number 478424. This regulatory status instills confidence among investors, as the FCA is known for its rigorous oversight of financial institutions.

　　The firm's regulatory licenses are valid and cover various aspects of its operations, including forex trading and investment services. In addition to the FCA, Forte Securities Australia Pty Ltd operates under ASIC, further enhancing its regulatory framework.

　　Forte Securities adheres to stringent client funds segregation policies, ensuring that client funds are held separately from the company's operational funds. This practice protects investors' assets in the event of financial difficulties faced by the broker. Moreover, Forte Securities participates in investor compensation schemes, providing an additional layer of protection for clients.

　　The company implements comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all clients undergo thorough verification before engaging in trading activities. These protocols are vital in maintaining the integrity of the financial system and safeguarding against fraudulent activities.

　　Forte Securities broker is committed to maintaining high standards of regulatory compliance, providing clients with a secure trading environment.

3. Trading Products and Services

　　Forte Securities offers a diverse range of trading products, catering to various investment preferences. The broker provides access to a wide selection of forex currency pairs, including major, minor, and exotic pairs. This extensive offering allows traders to capitalize on market movements across different currencies.

　　In addition to forex, Forte Securities also provides Contract for Difference (CFD) products across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This broad range of instruments enables clients to diversify their portfolios and manage risk effectively.

　　Forte Securities continuously updates its product offerings, introducing new instruments based on market demand and trends. The firm is dedicated to staying ahead of the curve, ensuring that clients have access to the latest trading opportunities.

　　For retail clients, Forte Securities provides comprehensive trading services, including educational resources, market analysis, and trading tools. Institutional clients benefit from bespoke services tailored to their specific needs, including liquidity solutions and white-label offerings.

　　Forte Securities broker positions itself as a versatile trading platform, accommodating the diverse needs of its clients.

4. Trading Platforms and Technology

　　Forte Securities provides access to multiple trading platforms, ensuring that clients can choose the one that best suits their trading style. While the broker does not support MetaTrader 4 or 5, it offers its proprietary trading platform, which is designed to facilitate seamless trading experiences.

　　The platform is web-based, allowing traders to access their accounts from any device with an internet connection. Additionally, Forte Securities offers a mobile application for both iOS and Android users, enabling clients to trade on the go.

　　Forte Securities employs advanced execution models, including ECN and STP, ensuring that clients benefit from competitive spreads and fast order execution. The broker's technical infrastructure is robust, with servers strategically located to minimize latency and enhance trading performance.

　　Moreover, Forte Securities supports API access, allowing clients to implement automated trading strategies and connect third-party trading tools. This flexibility is essential for traders seeking to optimize their trading operations.

　　Forte Securities broker leverages technology to provide clients with a reliable and efficient trading environment.

5. Account Types and Trading Conditions

　　Forte Securities offers various account types to cater to the needs of different traders. The standard account requires a minimum deposit, with competitive spreads and commission structures.

　　For advanced traders, the broker provides VIP and professional accounts, which offer enhanced trading conditions, including lower spreads and additional features. There are also specialized accounts available, such as Islamic accounts that comply with Sharia law, catering to clients seeking swap-free trading options.

　　Forte Securities allows clients to open a demo account for practice purposes, enabling them to familiarize themselves with the trading platform and strategies without risking real funds. The leverage offered by the broker varies across different products, allowing traders to select the level that aligns with their risk tolerance.

　　The minimum trade size is also flexible, accommodating both novice and experienced traders. Additionally, Forte Securities has clear overnight fees policies, ensuring transparency in trading costs.

　　Forte Securities broker provides a range of account options, enabling clients to select the one that best matches their trading goals.

6. Fund Management

　　Forte Securities supports various deposit methods to facilitate seamless fund management for clients. Accepted methods include bank transfers, credit cards, and popular e-wallets. The minimum deposit requirement varies by account type, ensuring accessibility for all clients.

　　Deposits are processed promptly, with most transactions completed within a few hours. However, clients should be aware of potential processing fees associated with certain deposit methods.

　　Withdrawal options are equally diverse, allowing clients to access their funds conveniently. The processing time for withdrawals can vary based on the method chosen, with some requests processed within 24 hours.

　　Forte Securities maintains a transparent fee structure for withdrawals, ensuring clients are informed of any applicable charges. This commitment to transparency is crucial in building trust with clients.

　　Forte Securities broker prioritizes efficient fund management, providing clients with a variety of options to manage their investments effectively.

7. Customer Support and Educational Resources

　　Forte Securities is dedicated to providing exceptional customer support to its clients. The broker offers multiple support channels, including phone, email, and live chat. This multi-channel approach ensures that clients can reach out for assistance whenever needed.

　　Customer support is available in several languages, accommodating the diverse needs of its global client base. The service hours are designed to cover major time zones, providing clients with timely assistance.

　　In addition to customer support, Forte Securities offers a wealth of educational resources. These include webinars, tutorials, and eBooks designed to enhance clients' trading knowledge and skills. The broker also provides regular market analysis, news updates, and research reports to keep clients informed about market trends.

　　Trading tools, such as calculators and economic calendars, are also available to help clients make informed trading decisions.

　　Forte Securities broker emphasizes the importance of education and support, equipping clients with the resources needed for successful trading.

8. Regional Coverage and Restrictions

　　Forte Securities primarily serves clients in the United Kingdom, Hong Kong, and Australia, with a significant presence in other global financial markets. The broker's regional offices are strategically located to cater to its diverse client base.

　　While Forte Securities is committed to expanding its services, it does not accept clients from certain jurisdictions due to regulatory restrictions. This includes countries with stringent financial regulations or where the broker lacks the necessary licenses to operate.

　　The firm continuously evaluates its regional coverage, aiming to enhance its service offerings while ensuring compliance with local laws and regulations.

　　In conclusion, Forte Securities broker is a reputable and well-established trading platform that provides a comprehensive range of services to meet the needs of various clients. With a strong regulatory framework and a commitment to customer support and education, the broker positions itself as a reliable partner for traders seeking to navigate the financial markets.

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