Fortrade
Your Gateway to Global Trading
Trade Forex, Stocks, Indices and Commodities with competitive spreads
Key Broker Details
Quick Facts
Regulation
FCA (UK), ASIC (Australia), CySEC (Cyprus), IIROC (Canada), FSC (Mauritius)
Country
United Kingdom
Min. Deposit
$100.00
Spreads
Average spread for EUR/USD is around 2 pips
Pros
What we like
- Well-regulated in multiple jurisdictions
- User-friendly proprietary platform plus MetaTrader 4
- Wide range of assets to trade beyond forex
- Low minimum deposit requirement
- Educational resources and market analysis tools available
Cons
Areas for improvement
- Spreads are higher than some other brokers
- Withdrawal processing times may be slow or have conditions
- Limited account types in many regions
- Copy-trading and advanced institutional tools are limited
Broker Summary
Fortrade is a UK-based online broker offering trading in forex and CFDs on currencies, stocks, indices, commodities, and bonds. It provides both a proprietary trading platform (“Fortrader”) and the widely used MetaTrader 4 platform. The broker is aimed at retail traders, with a simple account structure and modest minimum deposit requirements.
Trading Platforms
Mobile Trading
Yes (Fortrader mobile app and MT4 mobile)
Web Trader
Yes
Safety & Regulation
Capitalization
Specific capital figures are not publicly available, as Fortrade does not disclose detailed financial statements beyond regulatory minimums.
Insurance
Insurance: Client funds are held in segregated accounts. Additional protections include UK FSCS up to £85,000, EU ICF up to €20,000, and Canada CIPF up to CAD 1 million. Negative balance protection prevents losses beyond deposited funds.
Licenses
Regulatory Licenses: Fortrade is licensed by the FCA (UK), CySEC (Cyprus), CIRO (Canada), FSC (Mauritius), and ASIC (Australia), ensuring strict client protection and transparency.
Jurisdictions
Regulated Jurisdictions: Fortrade is authorized and regulated in the United Kingdom, Cyprus (covering the European Union), Canada, Mauritius, and Australia.
Trading Tools
Social Trading
Econ Calendar
Account Managers
Payments
Overlaps with deposits and withdrawals: cards, bank wires, and e-wallets. Cryptocurrency payments are not supported.
Fortrade Overview
Comprehensive broker information and trading capabilities
Languages & Region
The platform and support are available in over 15 languages, including English, German, Spanish, French, Italian, Arabic, Dutch, Polish, Portuguese, Russian, Croatian, Bosnian, Hungarian, and Macedonian.
United Kingdom
Pricing & Fees
Trading Costs: Fortrade charges no commissions. Spreads start from 0.1 pips (average ~2 pips on major pairs). Overnight swap fees apply, and a $10 dormancy fee is charged after 6 months of inactivity. Deposits and withdrawals are free, though third-party fees may apply.
Deposit Methods
Funds can be added using credit or debit cards (Visa, MasterCard), bank wire transfers, or e-wallets such as Skrill and Neteller. Deposits are usually processed instantly for cards and e-wallets, with the only minimum being the $100 required to open an account.
Withdrawal Methods
Withdrawals follow the same options, but cards are limited to the original deposit amount. Excess funds go via wire transfer or e-wallets. Processing takes 1-5 business days, and there are no fees from the broker.
Trading Platforms
MetaTrader 4, WebTrader
Leverage
up to 1:200
Account Types
most-trusted, beginner-friendly, copy-trading, zero-commission, high-leverage, crypto, scalping-ea, fast-execution
Customer Support
Customer Support: Fortrade provides support 24 hours a day, 5 days a week through live chat (instant), email, and phone with multiple international lines.
Fund Security
VPS Hosting
Fortrade Insights & Features
Discover what makes Fortrade stand out with comprehensive tools and resources
News & Analysis
Market insights and analysis
Daily insights from in-house analysts, plus webinar recaps on economic events and trends. No proprietary news feed, but external sources integrate via MT4.
Top Feature
Standout platform feature
Multi-regulator oversight for client security.
Research Tools
Advanced research capabilities
Basic tools cover daily market updates and instrument specifications. Integration with platforms provides indicators and alerts.
Educational Resources
Learning materials and courses
Educational Resources: Fortrade’s Trading Academy offers free materials for all levels, including video tutorials, webinars, eBooks, a trading glossary, and courses ranging from beginner to advanced on risk management and market analysis.
Fortrade Account Structure
Compare account types and features
Fortrade Account Types
| Account Type | Description & Eligibility | Minimum Deposit | Leverage (Forex Majors) | Spreads & Commissions | Platforms Supported | Key Features & Restrictions |
|---|---|---|---|---|---|---|
| Standard Live (STP) | Core retail account for all clients; no commissions, variable spreads. Suitable for beginners to intermediates. Open via app or web in 5-10 minutes with ID verification. | $100 USD (recommended $500; £250 for UK/EU) | Up to 1:200 (default 1:100; capped at 1:30 for EU retail under ESMA; 1:100 UK FCA) | Variable from 1.2 pips (avg. 2.0 on EUR/USD); fixed on EUR/USD, GBP/USD, USD/JPY, gold/oil. No commissions. Night spreads higher (22:00-05:00 GMT). | Fortrader (web/iOS/Android), MT4, MT5 | Negative balance protection; segregated funds; micro-lots (0.01 min.); copy trading on MT4/MT5; education via webinars/ebooks. No inactivity fees. |
| Islamic (Swap-Free) | Sharia-compliant version of standard; no overnight rollover fees. Available on request for eligible clients (proof of faith may be required). | $100 USD (min. $2,000 balance for full swap exemption on some instruments) | Same as standard | Same as standard, but admin fees may apply for extended holds (>5-10 days) to cover costs. | Same as standard | Compliant with Islamic principles; ideal for long-term holds. Higher spreads/fees on select assets. |
| Demo | Unlimited virtual practice account; mirrors live conditions. No live account required. | $10,000 virtual (or €10,000 on Fortrader) | Same as standard | Identical to live | Fortrader (unlimited), MT4 (30 days), MT5 | Risk-free; includes Trading Central analysis; customizable; auto-resets available. Great for testing strategies. |
Trading Features & Conditions
Explore Fortrade's comprehensive trading ecosystem
Max Leverage
Up to 1:30 for retail (depending on jurisdiction) daytrading.com +1 Up to 1:200 for professional clients/other regions
Risk Management
Information coming soon
Special Conditions
Information coming soon
Frequently Asked Questions
No FAQs available for this broker.
