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Fortrade Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.fortrade..., the company's legitimate regulatory information United KingdomFCAMarket Maker (MM) to enhance the security of the company's address The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius

Fortrade Forex Broker

Basic Information

Registered Region

Mauritius

Operating Period

Company Name

Fortrade Mauritius Ltd

Abbreviation

Fortrade

Company employee

Customer Service Email Address

info@fortrade.com

Company Website

https://www.fortrader.com/

Company address

The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Description Company Name Fortrade Registered Country/Area United Kingdom Founded Year 2-5 years Regulation Financial Conduct Authority (FCA) - Suspicious Clone Market Instruments CFDs on commodities futures Account Types Live account Minimum Deposit N/A Maximum Leverage N/A Spreads Contact support@fortrade.com for details Trading Platforms Web-based and downloadable platforms Demo Account Free demo account available Customer Support Email support (info@fortrade.com), available 5 days a week Educational Resources Daily market analysis provided by research team Overview of Fortrade Fortrade is a UK-based company offering Contracts for Difference (CFDs) on commodities futures like wheat, gold, and oil. They are regulated by the FCA, but be aware of their “Suspicious Clone” designation. You can practice trading with a free demo account before opening a live account. Fortrade's web-based and downloadable trading platform allows you to trade from your desktop or mobile device. They offer daily market analysis to help you make informed decisions, but their spreads and maximum leverage are not available on the website. Customer support is limited to email. Pros and Cons Pros Cons User-Friendly Platform Suspicious Clone Designation Free Demo Account Limited Transparency Daily Market Analysis Limited Customer Support Variety of Tradable Assets Pros: User-Friendly Platform: Fortrade boasts a user-friendly trading platform accessible from desktops and mobile devices. This can be beneficial for both beginners and experienced traders. The intuitive interface should make it easy to navigate and execute trades. Free Demo Account: A free demo account allows you to practice trading with virtual funds before risking your own capital. This is a great way to familiarize yourself with the platform, test trading strategies, and gain confidence before going live. Daily Market Analysis: Fortrade provides daily market analysis from their research team. This analysis can be a valuable tool to stay informed about current economic events, trends, and how they might affect the commodities you're interested in trading. Variety of Tradable Assets: Fortrade offers CFDs on a range of commodities futures, including wheat, gold, and oil. This allows you to speculate on price movements across various commodity markets, potentially diversifying your trading portfolio. Cons: Suspicious Clone Designation: This is the biggest red flag. Fortrade is regulated by the FCA, a well-respected financial authority. However, the FCA has designated them as a “Suspicious Clone.” This designation raises serious concerns about Fortrade's legitimacy and trustworthiness. It's highly recommended to thoroughly research this red flag before depositing any funds. Limited Transparency: Fortrade doesn't disclose spreads and maximum leverage on their website. Spreads and leverage are crucial factors that impact your trading costs and potential returns. Having to contact support for these details can be inconvenient and make it difficult to compare Fortrade's fees with other brokers. Limited Customer Support: Customer support is restricted to email and is only available 5 days a week. This limited availability could be a concern if you encounter issues or require assistance outside of those operating hours. Regulatory Status Fortrade is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which is a well-respected regulatory body. However, it's important to note that Fortrade is currently listed as a 'Suspicious Clone' by the FCA. This designation raises a potential red flag for potential customers and should be thoroughly investigated before depositing any funds with Fortrade. Market Instruments Fortrade offer Contracts for Difference (CFDs) on dozens of underlying commodities futures. These CFDs track the price movements of the futures contracts for things like wheat, gold, and oil, allowing you to speculate on price changes without taking ownership of the physical commodity. Account Types Fortrade offers a free demo account specifically designed for you to learn the ropes of trading without risking any real money. This account type is a great way to practice trading various instruments, in a simulated environment that mimics real-market conditions. With a demo account, you can test out different trading strategies and get comfortable with the Fortrade platform before you start putting your own capital at risk. How to Open an Account？ Here are the steps on how to open an account with Fortrade: Visit the Fortrade website and navigate to the account opening section: Head to the Fortrade website (https://www.fortrader.com/) and look for a button says “REGISTER HERE TODAY”. Fill out the online application form. This will require your personal information such as your name, email address, phone number. Submit your application: Once you've filled out the form and agreed to the terms, click the “SEND” button to submit your application. Download and install the Fortrade trading platform. Fortrade offers web-based and downloadable trading platforms. Choose the platform that best suits your needs and download it. Spreads & Commissions Fortrade doesn't directly disclose specific spreads and commissions on their website. To get a complete picture of Fortrade's spreads and commissions, you'll need to contact them directly at support@fortrade.com. Trading Platform Fortrade claim they offer a user-friendly trading platform accessible from desktops and mobile devices. Their interface is designed to be intuitive for both experienced traders and beginners. The platform prioritizes speed and security to ensure a smooth trading experience. Customer Support Fortrade extends assistance to users five days a week. Their dedicated team is readily available to address inquiries and resolve concerns promptly. You can easily reach them via email at info@fortrade.com, ensuring communication and reliable assistance whenever needed. Educational Resources Fortrade offers daily market analysis provided by their research team. This analysis is likely available through their website and includes insights on current economic events, trends, and how they might affect various financial instruments. This can be a valuable tool to help you make informed trading decisions. Conclusion Fortrade offers a user-friendly platform, demo account, and educational resources for CFD trading on commodities futures. However, proceed with caution due to the serious red flag of their “Suspicious Clone” designation by the FCA. Limited transparency regarding fees and restricted customer support add to the concerns. While the platform and resources are appealing, dig deep into Fortrade's legitimacy and compare them to other brokers with a clean record before risking any funds. FAQs Question: Is Fortrade a safe and reliable broker？ Answer: Fortrade is regulated by the FCA, a respected financial authority. However, a concerning aspect is their “Suspicious Clone” designation. Question: What can I trade with Fortrade？ Answer: Fortrade offers CFDs on various commodity futures contracts. This allows you to speculate on price movements of things like wheat, gold, and oil, without owning the physical commodity itself. Question: Does Fortrade offer a practice account？ Answer: Yes, Fortrade provides a free demo account with virtual funds. This is a great way to test out their platform, explore trading strategies, and gain confidence before using real money. Question: How much does it cost to trade with Fortrade？ Answer: Fortrade doesn't disclose spreads on their website. You'll need to contact them directly to get this crucial information about trading costs. Question: How can I get help with using Fortrade's platform？ Answer: Customer support is available via email, but only 5 days a week.

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Fortrade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Fortrade Account The first step to engaging in trading with Fortrade is completing the Fortrade registration process. Heres a detailed guide to help you throug

Fortrade Forex Broker - Complete Information Guide

1. Broker Overview

　　Fortrade, officially known as Fortrade Ltd, was established in 2013 and is headquartered in the United Kingdom. The company operates under private ownership and has expanded its presence globally, establishing offices in Belarus, Cyprus, Australia, Canada, and Mauritius. Over the years, Fortrade has developed a reputation for providing accessible trading services to both retail and institutional clients.

　　Since its inception, Fortrade has focused on creating a user-friendly trading environment that caters to a diverse clientele, including beginner and experienced traders. The broker has made significant strides in enhancing its service offerings, including the introduction of advanced trading platforms and a comprehensive educational suite. Notable milestones in its development include the acquisition of multiple regulatory licenses, which have solidified its standing in the competitive forex market.

　　Fortrade operates primarily as a retail forex and CFD broker, offering a variety of financial products to its clients. The company emphasizes transparency and customer satisfaction, aiming to make trading enjoyable and profitable. With a solid foundation and continuous growth, Fortrade stands out as a reliable option for traders looking to enter the financial markets.

2. Regulation and Compliance Information

　　Fortrade is regulated by several reputable authorities, ensuring a high level of compliance and security for its clients. The main regulatory bodies overseeing Fortrade include:

Financial Conduct Authority (FCA), UK - License Number: 609970
Australian Securities and Investments Commission (ASIC) - License Number: 493520
Investment Industry Regulatory Organization of Canada (IIROC) - License Number: 20-0021
Cyprus Securities and Exchange Commission (CySEC) - License Number: 385/20
National Bank of the Republic of Belarus (NBRB) - License Number: 193075810
Financial Services Commission (FSC), Mauritius - License Number: GB21026472

　　These licenses are valid and cover a wide range of trading activities, providing clients with confidence in the broker's operations. Fortrade maintains a strict policy for client fund segregation, ensuring that traders' funds are kept separate from the company's operational funds. This is a critical aspect of its risk management strategy.

　　Additionally, Fortrade participates in investor compensation schemes, which provide a safety net for clients in the unlikely event of broker insolvency. The broker adheres to robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring compliance with international standards and regulations.

3. Trading Products and Services

　　Fortrade offers a diverse range of trading instruments, providing clients with ample opportunities to explore various markets. The key offerings include:

Forex Trading: Over 60 currency pairs, including major, minor, and exotic pairs.
CFDs: A wide array of contracts for difference, including:
Indices: Major global indices such as the S&P 500, FTSE 100, and DAX 30.
Commodities: Precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
Stocks: CFDs on shares of major companies listed on stock exchanges globally.
Cryptocurrencies: A selection of popular cryptocurrencies, including Bitcoin and Ethereum.

　　Fortrade is committed to expanding its product offerings, regularly updating its range of instruments to meet the evolving needs of its traders. The broker provides retail trading services with a focus on CFDs, allowing clients to speculate on price movements without owning the underlying assets.

4. Trading Platforms and Technology

　　Fortrade provides its clients with access to two primary trading platforms:

　　MetaTrader 4 (MT4): A widely recognized platform known for its user-friendly interface and robust trading tools. MT4 supports automated trading through Expert Advisors (EAs) and offers a variety of technical indicators and charting options.
　　Fortrade Proprietary Platform: This platform is designed for ease of use and provides a range of advanced features, including real-time data, customizable charting tools, and various order types.

　　Both platforms are accessible via desktop, web, and mobile applications, ensuring that traders can manage their accounts and execute trades from anywhere. The broker employs advanced technology to facilitate fast and reliable trade execution, with servers located in secure data centers to enhance performance.

5. Account Types and Trading Conditions

　　Fortrade offers a straightforward account structure with the following options:

　　Standard Account: Requires a minimum deposit of $100. This account type features variable spreads, with an average spread of 2 pips for major currency pairs. There are no commissions charged on trades.
　　Islamic Account: Available upon request for clients who adhere to Islamic finance principles, ensuring compliance with Sharia law.
　　Demo Account: A risk-free option that allows traders to practice their strategies with a virtual balance of $10,000. The demo account does not expire, providing ample time for traders to familiarize themselves with the platform.

　　Fortrade offers leverage of up to 1:200 for certain products, though this varies by regulatory jurisdiction. The broker's trading conditions are competitive, with no hidden fees, and a transparent fee structure focused on spreads.

6. Fund Management

　　Fortrade provides various funding options to facilitate deposits and withdrawals:

　　Deposit Methods: Clients can deposit funds using credit/debit cards, bank transfers, and e-wallets such as Neteller and Skrill. The minimum deposit requirement is $100, but the broker recommends starting with $500 for optimal trading opportunities.
　　Withdrawal Methods: Withdrawals can be processed through similar methods as deposits. Fortrade does not charge withdrawal fees; however, some payment providers may impose their own fees.
　　Processing Times: Deposits are typically instant for e-wallets and credit cards, while bank transfers may take up to 7 business days. Withdrawals are processed within 2 business days, but the time taken for funds to reach the client's account can vary.

　　Fortrade charges a monthly inactivity fee of $10 for accounts that remain dormant for 180 days.

7. Customer Support and Educational Resources

　　Fortrade offers robust customer support and educational resources:

　　Support Channels: Clients can reach support via email, live chat, and phone. The support team is multilingual and available 24/5.
　　Educational Resources: Fortrade provides a comprehensive trading academy that includes webinars, e-books, and video tutorials. The educational content covers various topics, catering to both beginner and advanced traders.
　　Market Analysis: Traders have access to daily market analysis, insights from Trading Central, and an economic calendar to stay informed about market events.

8. Regional Coverage and Restrictions

　　Fortrade serves clients in various regions, but there are some restrictions:

　　Primary Markets: The broker primarily caters to clients in the UK, Australia, Canada, and various European countries.
　　Offices: Fortrade has established offices in London, Sydney, Limassol, Vancouver, and Minsk.
　　Client Restrictions: Fortrade does not accept clients from the USA, Japan, Belgium, and other jurisdictions where local regulations prohibit such services.

　　In conclusion, Fortrade is a well-regulated broker providing a comprehensive trading experience across multiple asset classes. With its user-friendly platforms, competitive trading conditions, and extensive educational resources, it is a solid choice for both novice and experienced traders looking to engage in the forex and CFD markets.

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