Fortrade is an international broker who has over the years gained popularity amongst citizens of the UK and Australia. This Fortrade Review will cover all of the areas that you need to know about if you’re looking for a legitimate Forex broker.
We’ve found that due diligence is necessary no matter how long a company has been in business. We’ve done the research and here is what we’ve found.
What is Fortrade?
Fortrade is a UK based Forex broker that opened in 2013. They are an international broker and they offer services and financial products to clients around the world.
The Fortrade Website: Fortrade.com
Company Address: Fortrade Ltd., Michelin House, 81 Fulham Road, London. SW3 6RD
Fortrade Phone Number: +44 203 966 4505
Is Fortrade trustworthy?
Fortrade is regulated by three of the most cutthroat no-nonsense government regulators around. Their online reputation is an overwhelmingly positive one as well as their client satisfaction. Based on the above information we came back with the following conclusion.
Fortrade is considered a safe broker because it has a long track record of satisfied clients and minimal amount of complaints. Clients are able to trade and withdraw their money without any unnecessary haggling or delays. Their excellent regulatory standing with the FCA, and ASIC is clearly a factor explaining why they are so popular with UK citizens and Australians.
Is Fortrade regulated?
Fortrade is authorized and regulated by five internationally recognized regulatory bodies.
Regulated in the UK
This means UK citizens can rest easy knowing that Fortrade is held accountable for keeping its’ clients money safe and providing them with proper service, and if there ever was a reason, they have where to turn to if misconduct is suspected.
Regulated in the EU
Fortrade is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC). Their CIF license number is 385/20.
Regulated in Australia
Fortrade is licensed and regulated by the Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520.
With ASIC’s acclaimed accountability ethics, this gives a sense security to Australians looking for a safe broker.
Regulated in Canada
Fortrade is regulated in Canada by the Investment Industry Regulatory Organization of Canada (IIROC). Fortrade is also a member of the Canadian Investor Protection Fund (CIPF). CRN: BC1148613.
Regulated in Belarus
Fortrade is authorized and regulated in Belarus by the National Bank of the Republic of Belarus (NBRB), FRN: 193075810.
The importance of trading with a regulated broker can’t be emphasized enough. Fortunately, Fortrade checks off all of the boxes in this area and is likely a reason why they are quite popular with clients in the UK and in Europe.
The Fortrade Platform
In terms of their trading platform options, Fortrade also impresses. They have designed their own proprietary platform in the form of a Web Platform. The reviews on their web platform have been quite positive and they offer in house tech support.
As you would expect they also offer the always popular Metatrader4, which can be accessed through a desktop, the web and the mobile MT4 app.
The minimum deposit requirement for a new trading account is $100, however most people start with their Free Demo Account, register here.
There are many brokers that flaunt their regulation, Fortrade stands out in their record, reputation and regulatory status.
If you’re trying to weed out the scams from the legitimate, or If you’ve been scammed by a Forex company and you’re hesitant to work with anyone on the second time around, Fortrade checks off all the necessary boxes in terms of legitimacy and most importantly, accountability.
You can sign up for a Fortrade demo account here and see if it’s right for you.
You can sign up for a free demo account with Fortrade here.
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If you’ve found for some reason that Fortrade has been acting dishonestly with you, please let us know.
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