Question: Is "Fortrade" safe and trustworthy online FX broker?
Fortrade is an online Forex & CFD & ETF broker based in United Kingdom.
It is relatively a new financial broker, founded in 2013. The company is regulated by FCA(Financial Conduct Authority) in UK.
The UK’s regulatory authority, FCA is known as one of the most stringent entity in the world, and there are less amount of complains reported against FCA licensed Forex brokers for these years.
Considering that the broker has been active under FCA, and hasn’t received major complains from traders since 2013, we can say that they are carrying its business in good faith.
Also as far as we can see, the staffs of Fortrade are very honest and responsive.
General Trading Conditions
Fortrade strives to offer STP(Straight Through Processing) trading environment for FX products.
Fortrade offers over 100 financial products through its own trading platform “Fortrade Trading Platform”, including Forex, CFDs and Exchange Traded Funds (ETFs).
With Fortrade, you can trade over 100 different financial instruments through one trading account. Available financial products are Forex currency pairs, Commodities, Energies, Precious Metals, Stock CFDs, Index CFDs and ETF.
No MT4, but Fortrade offers its own online trading platform.
The 3 no’s: No Commissions, No Hidden Fees and No Conflicts of Interest
As Fortrade offers the STP trading environment, there is also no restrictions on its trading platform.
Spread is floating from 2 pips, the maximum leverage is 1:200.
There are also bonus promotions available for all clients of Fortrade.
*Fortrade offers the financial service to over 110 countries all over the world though, there are some countries which Fortrade is not able to accept as clients from. Please find out more from here.