CFD BROKER REVIEW: FORTRADE

 

FORTRADE REVIEW AT A GLANCE

  • Type: CFDS TRADING
  • USA: NO
  • SWAP-Free Trading: NO
  • Regulated: FCA UK (609970) -Click here for more at FCA UK website
  • Segregated Client Bank Accounts: YES
  • Trading Platforms: ForTrade WebTrader, ForTrade Desktop Platform, Mobile Traders
  • Scalping: YES
  • Markets: Forex, Shares, Indices, ETFs, Precious Metals, Energy, US Treasuries, Bitcoin
  • Minimum Deposit: $100
  • Deposit Methods: Credit Cards, Debit Cards, Bank Wire, Skrill, Neteller
  • Bonus Promotions: 30% Welcome Bonus
  • Customer-Support Languages: English, German, French, Italian, Spanish

 

» Visit ForTrade

FORTRADE RATING (FXPROS.NET)

This is the ForTrade Rating based on the Rating Formula V4.0 (FxPros.net):

FORTRADE RATING

 

(I) Funds Safety

69.2 %

(II) Trading Cost

39.3 %

(III) Trading-Options

92.3 %

(IV) Technology

45.0 %

Average ForTrade Rating

62.0 %

 

FORTRADE FULL REVIEW

ForTrade Company Review

ForTrade is a CFD provider found in 2011, here are some important facts about the company ForTrade LTD.:

ForTrade WebTrader Platform(1) ForTrade is owned by ForTrade LTD.

(2) ForTrade is situated in the United Kingdom

(3) ForTrade is regulated by FCA UK (609970)

(4) ForTrade offers Account Segregation via European Banks

(6) ForTrade as a member of FCA UK must hold a minimum of €730,000

(7) ForTrade as a member of FCA UK covers £50,000 per individual account

 

FORTRADE PLATFORMS

ForTrade offers the following trading platforms:

(1) ForTrade Desktop Platform

(2) ForTrade WebTrader

(3) Mobile Traders for iOs and Android

Scalping / Hedging: YES

The Fortrader platform is built-in and it offers two versions (a Desktop and a Web-Based). The platform is very easy to use and provide access to more than 150 tradable financial products., as well as a full range of technical analysis and trading tools.

-Full range of technical analysis tools

-Flexible, by providing a user-friendly interface

-Customize your trading environment

-R1isk-free practice (test your trading skills with €10,000 of virtual money)

-Easily switch to real money as well as go back to practice

-Advanced order types

BUY BITCOIN WITH CREDIT CARDS

 

ForTrade Asset Index

ForTrade offers about 150 financial instruments from all over the world:

■ Wide Variety of Forex Currencies (more than 55 Currency Pairs)

■ BitCoin Trading

■ 25 Indices plus the US Dollar Index (USDX)

■ US Treasuries (5, 10, and 30-years US T-Notes)

■ Shares and ETFs from all around the world

■ Agricultural Commodities

■ Precious and Industrial Metals

■ Several Energies

 

ForTrade Equity CFDs 

ForTrade offers extensive capabilities when trading equities:

  • Trade a great variety of stock indices from all around the world (AUS200, FRA40, GER30, UK100, USA100, USA30, USA500, and more) -Leverage 50:1 to 100:1
  • Trade stock CFDs of some of the largest companies listed on NYSE, NASDAQ, and  European stock exchanges -Leverage 10:1

  • Trade ETFs -Leverage 10:1
  • ProShares UltraPro (Ticker: TQQQ) which is a geared ETF that tracks the NASDAQ-100 index with the aim of achieving 3x the daily performance
  • Oil Fund (USO) listed in NYSE

ForTrade Pricing and Capital Leverage

-Commission charged: Only spreads, no commissions of any kind

-Leverage: The Capital leverage when trading equities is up to 100:1

 

ForTrade Commodity CFDs

ForTrade Commodity CFDs mirror the price performance of several commodity prices:

  • ForTrade offers precious metals including Gold/USD, Gold/EUR, and Gold/GBP, Silver, and Platinum
  • Industrial Metals (Copper, Palladium)
  • Several Energies (Brent, Crude, Natural Gas, Heating Oil, and Gasoline)
  • Agricultural Commodities (Wheat, Cotton, Corn, etc.)
  • Minimum position is 0.01 lot position
  • Capital leverage when trading commodities is up to 100:1
  • No trade commissions charged, only spreads

 

FORTRADE ACCOUNTS

ForTrade offers many different account types, here is some key information:

Minimum Deposit: 100 USD / EUR

Deposit Methods: Credit Cards, Debit Cards, Bank Wire, Skrill, Neteller

Deposit / Withdrawal Commissions: No, Free of charges

ForTrade Documents for Opening an Online Account

(1) Proof of Identification (including photo -any of the below)

-International travel passport | Government-issued driver’s license | Identity card (including European ID card)

(2) Proof of Address (any of the below)

Utility bill issued within the last 3 months | Financial statement issued by a bank, credit card company, insurance company or investment firm

Telecommunication service invoice (i.e. telephone/mobile service, internet service or pay television service) issued within the last 3 months 

» Open an Account with ForTrade

 

FORTRADE BONUS PROMOTIONS

ForTrade offers promotions for new clients:

■ 30% Welcome Bonus

 

FORTRADE REVIEW -ADVANTAGES & DISADVANTAGES

FORTRADE REVIEW -ADVANTAGES √

FORTRADE REVIEW -DISADVANTAGES X

√ High Safety of Money via FCA regulation and policies

√ Easy-to-use trade platform, plus mobile traders

√ Wide Asset Index covering 150 financial instruments (including the USDX)

√ Bitcoin and US Treasuries Trading

√ Gold vs EUR, USD, and GBP, plus other popular commodities

√ Good variety of fund methods

√ 30% Bonus Promotions

X Expensive Trading Spreads

X No MT4

 

LEARN HOW TO TRADE CRYPTO

 

FORTRADE REVIEW CONCLUSIONS

ForTrade is a CFD broker based in London, UK. The broker is regulated by the FCA UK, and as a member of FCA covers £50,000 per individual account. The company ForTrade LTD was found in 2011 and became a member of FCA UK in 2014.

ForTrade trades its own platform that provides over 150 financial instruments. There is a great variety of Forex assets (about 60) plus the US Dollar index. You can trade also bitcoin and US Treasuries. There is also a good equity asset index containing shares, indices, and ETFs. All popular metals and energies are listed too and it is particularly interesting that we can trade Gold against USD, Euro, and the British Pound. Other metals include Silver, Copper, Platinum, and Palladium.

Clients can choose between a desktop trader, a web trader, and two mobile traders (iOs and Android). There is no MT4 or Mt5 available. All platforms are easy-to-use and especially as concerns money management. The spreads when trading Forex are expensive and that is why we don't recommend ForTrade for scalpers and other day-traders. The maximum capital leverage is 200:1 when trading currencies and 100:1 when trading equities and commodities.

The broker's customer service supports five languages (English, German, French, Italian, Spanish) and it is available via Phone, Live Chat, and eMail. As concerns new accounts, you can open an account with as low as $100. Many fund methods are available, including Neteller and Skrill. 

In overall, ForTrade is a good choice for all beginners as it can offer very good safety of money, a practice account, and an easy-to-trade platform. There is also a 30% Welcome Bonus promotion. 

» Visit ForTrade Broker

 

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