Fortrade Review – 2018 Updates & Scam Reports With Screenshots
In today’s Fortrade Review, you will discover some information which you may not have heard before especially for current Fortrade forex traders. Some of you might be looking for a regulated broker which allows you to use automated trading. Fortrade trading does NOT allow the use of automated trading softwares on the fortrader platform. If you are caught using a robot trader your account may be suspended.
Additionally, you are not permitted to share your account details with another person who promises to manage client funds.
َHere’s a quick look at the Fortrade.com contact details.
Fortrade.com is one of the few brokers that offer a wide range of trading commodities CFDs/assets/precious metals/energies (crude oil) and agriculture products to trade on. Here are some of them.
Forex Pairs – Over 50 currency exchange rates: EUR/USD, GBP/USD, USD/JPY and much more.
Index CFDs – 20 indices from USA, Europe, and Asian markets.
Stock CFDs -100 US-based (NYSE, NASDAQ) and European stocks.
Cryptocurrencies: Bitcoin and more are coming soon.
Fortrade offers Leverage ratios of up to 1:200 for Forex Pairs and absolutely zero commission.
The Leverage ratio for the Index CFDs is 1:50 and 1:10 for Stock CFDs.
Fortrade.com trading platform types
Web Fortrader – Where you can trade directly from your browser on any MacBook or PC.
Mobile App Fortrader – Stay connected with your fortrade account anytime and any where with their Android and IOS app.
Desktop Fortrader – The desktop version has more advanced tools like indicators and has faster execution time.
their website is owned and operated by Fortrade Limited .Fortrade Ltd. authorized and regulated in United Kindom by the Financial Conduct Authority (FCA), Company Reference Number (FRN): 609970. Click here to check the Fortraderegulation on the FCA website.
Demo Account and Exclusive Bonuses
It’s always recommended to test out any broker with a demo account before depositing any real funds.
Fortrade doesn’t offer welcome bonuses to anyone. But with this exclusive link, you can request 30% deposit bonus after you signup.
Deposit and Withdrawal
Fortrade accepts credit cards and debit cards (Visa/Mastercard/American Express), Bank Wire Transfers, Neteller and Skrill wallets as payment options.
Is Fortrade a Scam?
Based on our extensive research, we have no proof or any evidence to support this claim. There are just a couple of blogs claiming that Fortrade is a scam but this was done purely for reputation damage and competition. Fortrade is a forex broker that is fully licensed and regulated by the FCA, therefore, they cannot and they will not risk scamming anyone.
Risks Involved With Trading on Forex Markets
Before you deposit the min deposit and start trading with a live account, you need to understand the risks involved. The financial market and trading environment in general will be difficult to maneuver if you do not follow our risk warning!
Never invest more than you can afford to lose.
Avoid trading without a money management plan which involves setting a stop loss (negative balance protection) that will protect you in case the market swings against you.
If you do not know how to use trading tools, technical analysis, indicators, or read charts, you might be tempted to use trading software providers that are known for their high rate of failure.
Check out our trading tips for a better advanced trading protection!
Our Conclusion for this broker
Fortrade is definitely a good broker to trade with if you are an experienced trader. But they are not recommended for traders that have no knowledge about trading. We always recommend beginners to start with a demo account or use our recommended social trading platforms.