The broker business is expanding very rapidly, and it reached many parts of the world by now. Who would have known that the exquisite business would spread around the globe reaching the farthest corners of the world? There are no boundaries with Forex since companies acquired a global approach trying to sell their services in as many countries as possible. Globalization brought us to the point that we have Africans trading in the US market and vice versa. Fortrade is also a Forex broker who tries to secure as many international markets as possible. The UK giant has taken off and opened branch offices all around the globe. The interesting part is that this broker has not been around us for long, and already makes turnovers like it has been in business for twenty years. Believe it or not, but the Forex market makes it possible even for the newbie brokers to climb the latter of success in no time. Let us see what this broker has to offer to the vast Forex community and how it meets the needs of its traders.
Forex Brokers We Recommend
| Broker | Bonus | More |
|---|---|---|
|
Check Website | Review |
Background Info
This recent broker was established in 2013, and since then on, the broker focused on the expansion of its empire that started in Great Britain under the iron hand of the Financial Conduct Authority (FCA). The FCA is one of the most rigorous regulatory agencies and is known for the high standards it tries to maintain in the capital market. The FCA license is certainly the best way to start a Forex empire. The license fosters the trust of clients who know that if a broker went through the FCA procedure, then there is no reason to worry about the security of funds. One of the latest developments in the regulation policy is the elevated minimum substantial capital requirement which climbed to $1,000,000. This means that a broker has to be loaded with cash to be able to cover all possible industry risks.
The Platform
Enjoy your trading experience on the proprietary platforms of Fortrade:
- Fortrade Desktop platform
- Fortrade Webtrader
- Fortrade mobile app
This broker is one of the rare brokers who do not offer the MT4 trading platform. This broker is one of the bold ones and offers its own in-house designed platform; the Fortrade platform in all possible versions. If you want to trade in the comfort of your home using your computer, you can do so by downloading the Fortrade Desktop platform which is free. The platform offers all necessary trading features from simple options to astonishing auto-trading options. On the other hand, if you do not want to download anything, you can also use the alternative Fortrade Webtrader whereby you directly login online. If you are more an on-the-go trader, then just download the Fortrade mobile app suited for all types of smartphone devices. We can consider ourselves lucky for the different opportunities enabled by advanced technology. We have the luxury to have quick access to almost everything, including trading. Mobile trading enhanced the trading careers of many market participants because they could easily enter the market in crucial moments.
The Account
This broker likes to keep it simple and offers only one single account for all traders. The Standard Fortrade account covers all the needs of all categories of traders. The minimum deposit is $100, but if you want more options, then, the magic number is $500. According to most users, it is better to deposit right away the $500 before your first trade for a better outcome. The Fortrade broker also offers a demo account which is aimed at the very beginners in the business who need to yet learn the Forex trading game. You will be rewarded with $10,000 of virtual money to try out the platform and the market.
Fortrade Bonus
Fortrade is a broker who offers a bonus, unlike many other newly formed brokers. After you make your first deposit, you will be glad to find out that a 30% Fortrade welcome deposit bonus is waiting for you.as we said, $100 will get you the bonus, but you should be aware that you have to use it in 90 days before it expires. There are also certain conditions which need to be fulfilled in order to take the bonus, e.g. traders have to reach a trade size of 10,000 units per 1$ bonus dollar.
Deposit/Withdrawals
The Fortrade broker offers the usual payment methods from bank transfer to e-wallets. You can deposit via credit/debit cards, Neteller, Skrill, etc. The withdrawal requests are processed very quickly at Fortrade because the broker knows that the money policy might be one of the most important factors to clients.
Customer Support
Fortrade has multiple offices which require a large customer support system. The broker, therefore, offers different contact forms and methods to keep up with the different concerns and questions of traders. The customer support is multilingual including Slovenian and Croatian and works based on a fast reply policy. The section FAQ can also serve as a useful source of information, so do not forget to skim it.