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Fortrade is the first broker to get an ASIC license in nearly 2 years

 

Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. The Australian subsidiary of the Fortrade Group, Fort Securities Australia PTY LTD, is now regulated by ASIC under AFSL number 493520.

 

 

Australia has always been a popular trading hub, but now that ESMA capped leverage along with other restrictions imposed on retail CFD trading, it become a preferred forex destination. Brokers which are regulated both in the European Union and in Australia are using a regulatory loophole to accommodate customer requests to use higher leverage.

 

For the time being the ESMA doesn’t appear to be proactively taking a stance to limit European clients from opening accounts with foreign brokers. That, however, could be temporary. 

 

Fortrade was incorporated in 2013 and has already established itself as a trusted forex broker in the European markets. Its subsidiaries hold licenses from the Financial Conduct Authority in the UK and the National Bank of the Republic of Belarus. The company pushes its own Fortrader platform with a desktop, mobile and web version, in addition to the industry leading MetaTrader4.

 

TAGS: Fortrade  ASIC  license  regulation  Australia  ESMA restrictions 
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
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US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
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Australia ASIC MT4, MT5,
IRESSTrader
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UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
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Station,
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UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
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Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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