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Fortrade Review - Is it scam or safe?

Fortrade Review - Is it scam or safe?


Trading Accounts


Account type Minimum deposit  Minimum trade size Maximum leverage Spread
Live  $100 0.01  1:200 2 pips on EUR/USD


This forex broker offers its clients just one live trading account type with leverage up to 1:200, micro tradeable lots and no commission fees.

The Company


Company Country Regulation
Fortrade Ltd. UK FCA


Fortrade is the trading name of Fortrade Ltd., a UK-based company authorised and regulated by the Financial Conduct Authority (FCA).

It was established in 2011, and now it offers a wide range of trading instruments covering more than 150 currencies, as well as commodity, index and stock CFDs through their in-house platform, as well as the MetaTrader 4.

Security of Funds

Fortrade Ltd., operating under the brand Fortrade, is duly licensed and regulated by FCA. UK-regulation is famous for its strictest standards and supervision. To acquire a license from the UK financial watchdog, brokers have to prove their financial stability and to meet a number of requirements. For instance, clients` funds are to be kept in segregated bank accounts separated from the company’s operating funds. What is more, regulated companies must hold a minimum of €730 000 to be considered financially stable. Similar minimum capital requirements apply in other jurisdictions: Australian brokers are obliged to possess at least $ 1 million; Cyprus-based brokerages are required to hold € 1 million; and US forex brokers must possess $ 20 million.

Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the Financial Services Compensation Scheme, where the maximum compensation cover is £50,000 per person per regulated firm.
Here is a list of more FCA-regulated brokers

Trading Conditions

Minimum Initial Deposit
Fortrade recommend a minimum initial deposit of 500 EUR/USD/GBP, however it is possible to start trading with just €100. This is an average minimum initial deposit. In comparison, other UK-based forex brokers, like FxPro, require $500, and XM for instance demands just $1 from traders to start with.

Spreads & Commissions
Fortrade charges no commissions, as it gets its remuneration through the spread. This broker offers fixed spreads, amounting to 2 pips on EUR/USD, which is average for the market. Yet, trading costs with other brokers are lower. For example, FxPro provides average variable spread of 1.4 pips on the EUR/USD for its commission-free MT4 accounts. 


This broker offers different maximum leverage levels, depending on the instruments traded: 1:50 for indices and commodities CFDs, 1:10 for stock CFDs and 1:200 for most currency pairs.

A maximum leverage level of 1:200 is standard for the forex market. If you need higher leverage, other UK-based brokers provide such: HY Markets – 1:300; Admiral markets - 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.

Leverage allows traders to gain large exposure to diversified markets with a relatively small amount of invested capital, however it is healthy to keep in mind that the higher the leverage ratio, the higher the risk. Leverage is a double-sided coin.

Trading Platform

Fortrade offers its services on two trading platforms, its in-house Fortrader and the the popular MetaTrader 4.


Fortrader is available as desktop, mobile and web versions available. This is its proprietary platform, which is very simple and easy to use, yet traders who are used to the advanced features offered by MT4 may find it too simple and not very handy.



Besides, Fortrade supports the most common platform for currencies trading, MT4. It also is available in all forms and shapes, for desktop, web and mobile users. This platform is highly valued for its reliability, ease of use, and top notch professional tools and features: great charting package, wide range of Expert Advisors, indicators, backtesting options, etc.


Welcome Bonus

Like many other brokers, Fortrade also offers a welcome bonus, amounting to 30% of the first deposit (up to €3000). The deposit must be €100 as a minimum and the bonus expires within 90 days.

Bonus monies may be used for trading only and cannot be withdrawn until account trading volume reaches 10 000 base units for every €1 bonus.

Methods of Payment

Fortrade’ s clients can make deposits and withdrawals from and to their accounts via credit/debit cards, bank transfer, wire transfer, Skrill and Neteller.


Fortrade is a well-regulated UK-based broker offering trading in forex and various CFDs under competitive trading conditions. To sum up the above, here are the Pros & Cons in relation to this broker:


Pros  Cons
FCA-regulated Only one account type offered
30 % on deposit welcome bonus   
MT4 available, as well as in-house platform  


Latest news about Fortrade
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec, FCA MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Australia ASIC MT4, MT5,
$200 Review Website
Seychelles FinaCom MT4, Web $10 Review Website
















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Traders` reviews for Fortrade

My deposit problem

Dear sir,
Presented documents is not sufficient for fortrade so i requested to transfer back my deposit.
Mr.Anil (my account manager) is doing nothing from more than 2 weeks.
Please advise.

Lutfi Samman 03/13/2018

25+ Days to get Deposit back...

I started an account with a £200 deposit under the recommendation of a friend. Shortly after, he found another platform which he preferred and I decided to withdraw my Fortrade deposit.

So far I have made 4 withdrawal requests starting on 11th January 2018. I have had no confirmation email/text/code or anything like that. I have spoken directly to customer support and my account manager and he has confirmed this will be done. It has now been 25 days since i first requested my money back.

1/5 stars. The site is easy to sign up to, deposit and trade with but pointless if it is physically impossible to withdraw any profit/loss/deposit you have on there.

I'm also going to submit this as an official complaint to whichever FCA they are registered under. Highly unprofessional.

Patrick Lines 02/05/2018

Terrible customer service!

So I had been watching Bitcoin for a while before I decided to get in. I had never done any sort of investing, so it was very appealing to me that Fortrade offered a practice account.

Deposits take long to transfer and withdrawals take 3-5 times longer. The agent assigned to me Ariola something was a very nasty and arrogant lady. I explained to her several times that I had never done a wire transfer and sent her the information from my bank. She just ignored me and kept sending me the form to fill out on my own.

After 3 weeks of fighting with her, my request was finally confirmed. THEN it took another 5 business days before they released the funds. I am still currently waiting for the funds to reach my account.

I emailed every available email listed on the Fortrade site (ie. 'info', 'support' & 'finance') and everyone kept forwarding me to Ariola. I asked her for instructions to close my account, but she just ignored me as usual. She made my Fortrade experience a nightmare. She's a grade A B--ch to boot.

OH!!! Let me not forgot to mention that when cryptocurrencies were surging through the roof, they instantly changed the rules making it nearly impossible to trade them effectively anymore.

For these reasons and the numerous headaches caused by the Fortrade platform, I would NOT recommend anyone use them.

Alissa 01/12/2018


Fortrade croatia make my money disappeared. I made my payment. I had to get bonus. But after a year there is still zero on my acconut.

Petar 11/14/2017

They are after your money

All is good as long you have money. If you try to withdraw bigger amount of earning then problems start. They have some retention team that is there to help you but their real job is to take as much of money that you have with all sort of questionably bonuses.

Michael Benex 08/07/2017

A Truly Worthwhile Trading Platform

I've been using the demo account on my phone for a week, and have got no complaints so far. Its easy to understand and has a very user friendly interface. I haven’t deposited any funds yet but I trust they’re legitimate – with them being in the UK and all that. All in all, I'm impressed. Cheers!

John Norman 08/08/2016

Un corredor de primera... en el que confío totalmente

¡Gracias! Esta es una muy buena compañía. No los conocía antes, pero hacen un trabajo excelente– siempre responden a mis correos y me ayudan con mi cuenta. He ganado mucho dinero. Es fácil de pagar con una tarjeta de crédito y también retirar dinero de la plataforma.
A favor: Es sencillo y muy seguro
En contra: nada

Brenda Gutierrez 08/08/2016

Piattaforma super-facile da usare

Non ho quasi esperienza di trading, ma la Fortrader è molto intuitiva, ho imparato molto velocemente
ad utilizzarla senza problemi!
Pro: Intuitiva, piacievole, bella visualmente.
Contro: Non c'e.. Provatela!

Laura Brizzi 08/08/2016


Je ne savais vraiment pas beaucoup sur le courtage en ligne avant, mais J'ai entendu par un ami que je doive essayer les plates-formes d’entraînemen- Demo de quelques sites, il m'a donné quelques liens de sites différents et je peux dire que je trouve cette plate-forme la plus facile à gérer, pour le moment je fais que le trading de démo j'apprends tous les jours de plus en plus, même si leurs bonus sont vraiment intéressants de commencer la vraie affaire, 30% pour le premier dépôt et 20% pour tous les autres dépôts, c'est quand même bcp.

Louise 08/08/2016

Es gibt eine Vielzahl handelbarer Märkte, zu denen natürlich auch deutsche Unternehmen gehören! Ich bin wirklich beeindruckt, von der einfachen Bedienbarkeit der Plattform. Außerdem gibt es eine Menge nützlicher Informationen und Handelstools. Zum Handeln benutze ich mein iPhone 6 und von Zeit zu Zeit erhalte ich Benachrichtigungen über Neuigkeiten der Märkte. Ich würde mich allerdings über noch mehr Benachrichtigungen sehr freuen. Nach meiner Anmeldung bekam ich sofort einen Bonus und nach meiner ersten Einzahlung einen weiteren Bonus.
Pluspunkte: professionell und schnell
Nachteile: Ich würde gerne auch sonntags handeln

Alexander 08/08/2016
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