ForTrade is a fast growing online broker that many investors are moving to. The main reason day traders are using this broker is because they have maintained a stellar reputation in the Forex industry.
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Our broad review of the brokers ForTrade finds, that they offer Forex, Commodity, Index and Crypto CFD trading, on the standard MT4 trading platform. The mobile trading app which they are using, is a customized trading app.
New investors that are looking for a more user friendly platform will absolutely love their ForTrader app. Unlike MT4 or MT5 which are no longer available on the App Store, ForTrader is available on iPhone and iPads.
You can trade hundreds of underlying assets including; Major Forex Pairs, Minor Currencies, Crypto, Commodity, Stocks, and Market Indexes. When trading contracts for difference (CFD’s), you are investing with added leverage of 30:1 in Forex. The appeal is that you can make large profits quickly, but at the same time the risk is much greater. You will find spreads starting at 0 pips, depending on your account type.
Many new investors begin their trading career with the brokers at ForTrade, because of their free demo account and easy to use trading platform, signup here.
Is Fortrade legitimate?
Yes, a legitimate broker is one that is licensed and regulated by the government. ForTrade has a brokers license from ASIC Australia, IIROC Canada, FCA United Kingdom and CySEC Cyprus.
What is the minimum deposit for Fortrade?
The minimum deposit for a new trading accout at ForTrade is only $100.
How do I trade on Fortrade?
Trading on ForTrade is accomplished via their proprietary CFD trading platforms. Their trading apps are available for all devices including desktop, tablet, mobile iOS and Android. Additionally you can utilize the MT4 trading platform available on their website.
Is Fortrade free?
Yes, anyone can open a free demo trading account, and play around.
How do I withdraw money from my Fortrade account?
As with all Forex CFD brokers, withdrawals are processed manually within 48 hours of the withdrawal request. It is important that your account is verified so that you will not experience delays.
What kind of broker is Fortrade?
ForTrade is an international CFD broker. CFD is an acronym for Contract for Difference.
Caution – Crypto Trading Apps
Thousands of newbie investors got scammed by a trading robot they found on a Fake News website. You can read about the complaints in the investors forum.
ForTrade does not offer their clients any automated trading software! An automated trading app is also known as an Expert Advisor, which are commonly used by professional traders on MetaTrader4.
If you are interested in using a trading algorithm robot, setup your account here.
Is ForTrade a Regulated Broker?
ForTrade has multiple licenses from regulator around the world, see screenshot below.
How can an investor verify that their online broker is legitimate, and not an investing scam? You must check with your local financial regulator to confirm that your broker is licensed. Investors should only invest with a local broker, that is regulated by their countries regulatory agency.
All online brokers, whether they are offering Crypto or Forex CFD’s, are required by law to have a license. If your broker is not licensed, then they are an illegal scam. Always confirm that your broker is 100% authorized by the financial regulator.
Owned and operated by Fortrade Ltd, they are located at: Michelin House, 81 Fulham Road, London. SW3 6RD United Kingdom