A User’s Guide To Trading With Fortrade Broker [2020]
There is no doubt that Fortrade app [Fortrader] is one of the very best forex trading app out there. As a novice in forex trading I was confused on which broker was the best for novice traders. Not until I did my research and decided to start with Fortrade Forex broker.
So what were my experiences? You may ask. Was it all greenery? was I confused at some point? The answer to these questions lies in this Fortrade Review.
But before I continue, I would love to start with these words; are you reading from Phillipines, UK, USA, South Africa or Dubai? Fortrade is home to everyone. You can trade from any part of the world as it accepts Traders Worldwide
What You Should Know About Fortrade Broker
Fortrade, established in 2013 is a UK brokerage company. They trade in Forex and Contracts For Differences (CFD). Fortrade brokers have established branches in Australian, Belarus, Cyprus and Canada. They have been registered and are regulated by FCA, ASIC, IIROC, CySeC, and NBRB, therefore, are considered legal.
Why I Choose Fortrade Broker
Apart from its quite an interesting website. It is well organised and has good user experience. Also, they have a UK contact phone number, matching the country where it states as it’s headquarters. They trade in stocks, indices, forex, cryptocurrencies, commodities, US treasuries and ETFs
Here are some of the reasons why I believe fortrade.com will also be a good trading platform for you.
Trading Platform
Fortrade offers two trading platforms; the Fortrader platform and the MetaTrader4 (MT4). They offer you the ability to trade 24/7 with efficient market analysis tools. The fortrade.com platform monitors the state of global financial markets. With this, they capitalize on price movements when and where it’s most convenient.
They platform also offers a demo account, where new traders can pactise how it works with virtual money until they’re ready to begin. As icing on the cake, they support forex trading across web, desktop and mobile devices. They’re a perfect platform for beginner and intermediate level forex traders.
Deposit and Withdrawal
Fortrade runs a transparent monetary platform. They support deposit over the internet including all major debit and credit cards, paypal, bank transfers, etc. Besides that, they do not require withdrawal or deposit fees, hence your funds appear exactly as you expect them.
They have a minimum deposit amount of $100. However, they suggest that you invest with at least $500 in order to expect better trade results. This minimum deposit amount could vary based on your local currency and financial regulations,
Licensing and Regulation
Fortrade brokers are well established in at least 5 countries. Thus, they are regulated by the following bodies;
- Financial Conduct Authority (FCA), UK
- Cyprus Securities and Exchange Commission (CySEC), Republic of Cyprus.
- Australian Securities and Investments Commission (ASIC), Australia
- National Bank of the Republic of Belarus (NBRB) and
- Investment Industry Regulatory Organization of Canada (IIROC)
These are some of the most credible regulators in the business. Therefore, it should go a long way to tell about Fortrade brokers.
Should I Open an Account With Fortrade?
The answer to the question is YES. Though the information online overwhelmed me, I took a plunge and I have not regretted it. Below are points why you should consider trading with Fortrade.
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Fortrade Brokers Review Conclusion
Fortrade brokers have a transparent, well detailed platform. They have proven credibility and great client ratings on various third party websites. To cap it all, they are regulated by 5 of the most credible regulatory bodies in the industy.
With all these conditions met, we can confidently recommend fortrade.com as a safe brokerage company for you.
