In this video we will review ForTrade Broker.
Fortrade is an international forex broker offering online CFD trading across multiple asset classes and two platforms.
The Broker was established in 2013 in the United Kingdom and is regulated by the Financial Conduct Authority (FCA). Additionally Fortrade is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Investment Industry Regulatory Organization of Canada (IIROC), the National Bank of the Republic of Belarus (NBRB) and the the Financial Services Commission, Mauritius (FSC)
Users who hold accounts or thinking to open an account in Fortrade Broker can trade more than 300 financial assets across 9 categories , but to be more precise those are :
Over 60 currency pairs, including all the majors, many of the minors and a handful of exotics
Stock CFDs of some of the largest and most influential companies listed on NYSE, NASDAQ and other European stock exchanges
More than 50 index CFDs rom across the globe, including USA 500, Europe 50, and UK 100
commodity CFDs on all major coinage metals, including platinum, copper, silver and, of course, gold
energy products, including Brent and WTI crude oil, petrol, natural gas and heating oil.
CFDs on several leading crop commodities and other raw materials such as wheat, corn, sugar, and cotton
CFDs on 5-year, 10-year and 30-year securities
Cryptocurrencies such as Bitcoin, Ethereum, Litecojn and Dash
And last some of the largest and most influential companies listed on NYSE, NASDAQ such as Adobe, BestBuy and Nike
Unlike most forex brokers Fortrade only offers traders a choice between a retail account and a professional account. The average spread of those accounts usually starts at 3 pips and above and leverage from 20:1 and up.
Additionally , Swap free Islamic accounts are offered.
Fortrade Broker offers 3 different trading platforms and their corresponding mobile apple to its traders . Those are their native fortrade platform which we have gone over and we offer a small tutorial on how to use it on our video on how to create and use an account on Fortrade.
You can find the video bellow in the description or on the card in your screen. We did enjoy using the platform as it provides all the necessary tools for a trader.
The second Platform is the Metatrader 4 , which is also available as MT4 Web Trader. If you are not familiar with the MT4 platforms we have created dedicated videos for MT4 desktop and mobile. You can find the videos on your screen in the description below.
ForTrade offers a solid amount of funding options to its users. Those are Credit cards such as Mastercard and Visa, Paypal. Netteller, Skrill, Wire Transfer and Bitcoin.
On the alternative method we find a paysafe card as well.
The minimum deposit to fund your account is at 100$ or equivalent on the other currencies offered.
At the moment we couldn’t find any available promos or bonuses offered by the broker.
Users can contact customer service via email, phone, and live chat,.The services are available 24 hours a day for 5 days of the week.
So let’s have a look at the pros and cons of Fortrade Broker.
Starting with the pros:
It is a well Regulated Broker
Been around for more than 9 years
Offers 8 assets classes to trade with
3 trading platforms offered Metatrader 4 / /Webtrader /and their native native fortrade platform
And last Decent selection of platforms for depositing and withdrawing funds including Paypal and Bitcoin
On the cons now:
US Clients not allowed
Less trading instruments compared to the competition
Only 2 type of account offered , retail and professional
MT5 is not offered as a trading platform
And Customer Support is available only 24/5
Overall Fortrade is a well regulated forex broker and has been around for more than 9 years.To open an account you can click the link below the video or watch our dedicated video “how to create, verify and use an Fortrade account”.
Thank you for watching our Fortrade Broker review! For more videos subscribe to our YouTube channel.