Fortrade Forex Broker

Fortrade Review SummaryFounded2013Registered Country/RegionHong KongRegulationASIC, FCA, CySEC, CIRO, NBRBMarket InstrumentsCFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuriesDemo Account✅Islamic Account✅LeverageUp to 1:200EUR/USD SpreadFloating around 2.5 pipsTrading PlatformFortrader, MT4Min Deposit€/$/£ 100Payment MethodsMasterCard, Visa, Skrill, Neteler, PayPalCustomer Support24/5 live chat, contact formTel: +44 204 571 7564Email: infomu@fortrade.com, support@fortrade.comFacebook/Twitter/YouTubeRestricted RegionsThe United States and BelgiumFortrade Information Founded in 2013, Fortrade is a regulated mult-asset broker registered in Hong Kong, offering trading in CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries on Fortrader and MT4 trading platforms. Pros and ConsPros Cons 24/5 live chat supportNo 24/7 customer supportRegulated wellClients from the United States and Belgium are not acceptedMT4 availableWide EUR/USD spreadDemo accounts availableNegative comments about the difficulty in withdrawing moneyVarious tradable instrumentsSwap freeIs Fortrade Legit? Fortrade currently holds multiple regulatory licenses, includingAustralia Securities & Investment Commission (ASIC)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Canadian Investment Regulatory Organization (CIRO)National Bank of the Republic of Belarus (NBRB)Regulated CountryRegulated byRegulated EntityLicense TypeLicense No.ASICFORT SECURITIES AUSTRALIA PTY. LTD.Market Making(MM)000493520FCAFortrade LimitedMarket Making(MM)609970CySECFortrade Cyprus LtdMarket Making(MM)385/20CIROFortrade Canada LimitedMarket Making(MM)UnreleasedNBRBFort Securities BLR Limited Liability CompanyRetail Forex License193075810 What Can I Trade on Fortrade? Fortrade offers a wide range of market instruments, including CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries.Tradable InstrumentsSupportedCFDs✔Currencies✔Stocks✔Indices✔Precious metals✔Energy products✔Agriculture products✔US treasuries✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type Fortrade provides demo accounts and Islamic accounts. The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. Islamic users are allowed to open Islamic accounts with no swap fees. Clients following the Muslim faith can open a forex & CFD trading account without any rollover interests on overnight positions swap interests).Leverage The maximum leverage is 1:200, meaning that profits and losses are magnified 200 times. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Trading Platform Fortrade cooperates with the authoritative MT4 trading platform and a propriety trading platform - Fortrader, available on the Web, Windows, and Mobile (iOS and Android).Trading PlatformSupported Available Devices Suitable for Fortrader✔Web/Mobile (iOS/Android)-MT4✔Web/Windows/Mobile (Android)BeginnersMT5❌-Experienced tradersDeposit and Withdrawal The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal.