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ForTrade Review

FORTRADE Review

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Found: ForTrade was found in 2011

Headquarters: ForTrade is based in London, UK

US Residents: ForTrade forbids US traders –NO

Regulated: ForTrade is regulated by FCA UK since 2014 {License No: 609970) →Click here for more at FCA UK

Customer Support Languages: English, French, German, Italian, Spanish

Customer Support: 24/5 via Phone, Live Chat, and eMail

ForTrade Website


FORTRADE TRADING INFO SUMMARY

■ Broker Type: CFDs

■ Trading: Forex, Precious Metals, Industrial, Energies, Equities, ETFs, Bitcoin

Platforms: ForTrade WebTrader, ForTrade Desktop, plus 2 Mobile apps for iOs and Android

Trading Time Zone: GMT

■ Demo Account: -YES- ($10,00 virtual funds)

■ Spread on EUR/USD: 3.0 pip

■ Leverage: Leverage up to 200:1

Scalping: is allowed by ForTrade –YES-

■ Minimum Account: $100

FORTRADE TRADING ASSETS

ForTrade offers the following assets:

60 Forex Pairs, plus Bitcoin Trading

-USD/CAD, USD/CHF, USD/CNH, USD/DKK, USD/HKD, USD/HUF, USD/ILS, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR

-EUR/AUD, EUR/CAD, EUR/CHF, EUR/DKK, EUR/GBP, EUR/HUF, EUR/ILS, EUR/JPY, EUR/NOK, EUR/NZD, EUR/PLN, EUR/SEK, EUR/TRY, EUR/USD, EUR/ZAR

-GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/SGD, GBP/TRY, GBP/USD

-AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD

-NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD

-CAD/CHF, CAD/JPY, plus CHF/JPY

Gold, Silver, Platinum, Copper, and Palladium (Trade Gold vs USD, EUR, and GBP)

Agricultural Products (Wheat, Corn, Sugar, and Cotton)

Many Stock Indices including US30, US500, US100, DAX30, CAC40, UK100, and the US Dollar Index (USDX)

World Shares and ETFs via CFD trading

US Treasuries (CFDs on 5-year, 10-year, and 30-year securities)

Get a Free Practice Account plus 30% Welcome Bonus..

FORTRADE SPREADS & LEVERAGE

FORTRADE TRADING SPREADS

These are the ForTrade spreads and trading commissions on ECN Pro Accounts

■ ForTrade offers EURUSD at 3.0 pip fixed spread, no extra commissions

ForTrade offers USDJPY at 3.0 pip fixed spread, no extra commissions

ForTrade offers GBPUSD at 3.0 pip fixed spread, no extra commissions

FORTRADE TRADING LEVERAGE

■ Leverage at ForTrade can be up to 200:1

FORTRADE TRADING PLATFORMS & MOBILE

ForTrade provides 2 versions of a built-in Trader, but no MT4.

■ ForTrade DesktopTrader / ForTrade WebTrader

  • Available for Windows-PC, Apple MAC, and Linux-based personal computers
  • The webTrader supports Chrome, Internet Explorer, Firefox, Opera, and Safari
  • Live market feed / Economic calendar
  • Free Market Analysis
  • Extensive Educational Resources (eBooks, Videos, etc)

ForTrade Mobile Traders

  • Advanced Order Types
  • Available for iOS and Android Devices
  • Free Practice Mode

► ForTrade New Accounts


FORTRADE NEW ACCOUNT INFORMATION

FORTRADE Minimum Account:

The minimum required deposit in FORTRADE is 100 USD, and account currencies include USD and EUR.

ForTrade Account Type STANDARD (DD)
Minimum Deposit 100 $
Minimum Trade Size 0.01 Lot
Trading Commissions NO
Spreads (min) 3.0
Trading Leverage (max) 200:1
Welcome Bonus 30%

FORTRADE Deposit / Withdrawal Methods:

■ Bank Wire | Credit / Debit Cards | Skrill | Neteller

FORTRADE Identification Documents:

■ Proof of Identification (requiring a government-issued document such is a passport, ID, drivers license, etc.)

■ Proof of Address (including (Utility bill issued within the last 3 months or a Financial statement issued by a bank/credit card company, or a Telecommunication service invoice)

FORTRADE Welcome Bonus Policy:

ForTrade offer Welcome Bonus up to 30% (Contact them after registration)

 

FORTRADE CONTACT INFORMATION

ForTrade is a trading name of ForTrade Ltd

■ Postal Address: Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom

ForTrade Phone: +44 (0) 207 691 7996

ForTrade eMail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

FORTRADE REVIEW PROS AND CONS (According to competition)

FORTRADE REVIEW PROS & CONS

ForTrade Review PROS (√)

 ForTrade Review CONS (X) 

√ London-based broker, regulated Broker by FCA UK

√  Covered client funds 50,000 GBP per individual trading account

√ Wide Asset Index (over 150 instruments)

√ Trade the Bitcoin digital currency and US Treasuries (CFDs on 5-year, 10-year, and 30-year securities)

√ Trade Gold vs USD, EUR, and GBP

√ Learning Section offering Trade Videos, eBooks, and Advanced Trading Courses

√ Good customer service (Live Chat, email, phone)

√ Good Variety of Fund Methods including Cards, Wire, Skrill, and Neteller

√ 30% Welcome Bonus

X Expensive spreads

X MT4 is not available


ForTrade Review Conclusions:

Founded in 2011, ForTrade is an FCA-UK regulated CFD Broker which is based in London. ForTrade provides good safety of trader's funds and offers compensation cover of £50,000 per individual account.

One of the greatest advantages when trading with ForTrade is the wide asset index that contains 150 different instruments. There is a great variety of Forex pairs (60 pairs), plus indices, commodities, shares, and ETFs. It is particularly interesting that you can trade Gold against three different currencies (USD, EUR, and GBP). You can trade also Bitcoin and US Treasuries (CFDs on 5-year, 10-year, and 30-year securities). The platforms available include a Desktop Trader and a WebTrader plus 2 mobile apps for Android and iPhone. All trading platforms are very easy to use, even for beginners.

As concerns trading accounts, there is the standard account (Dealing-Desk) which requires $100 minimum deposit and can be funded via Cards, Wire, Neteller, and Skrill. The standard account does not involve any trade commissions but the spreads are expensive and start at 3.0 pips on EURUSD. The capital leverage for trading Forex is 200:1 and up to 100:1 when trading commodities and equities.

In overall, ForTrade is a good choice for those trading equities and a very good choice for all beginners. Due to the wide spreads, ForTrade is not a good choice for day traders and scalpers. ForTrade offers 30% Welcome bonus and a free practice account ($10,000 virtual funds).

ForTrade Real and Demo Accounts

 

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ForTrade (FORTRADE.com) Review

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