ForTrade Review for 2019

ForTrade Rated 4/5

ForTrade Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ForTrade we break down the pros and cons. What ForTrade are able to offer, what countries ForTrade are available in. Who ForTrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open ForTrade's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to ForTrade

With this review we hope to help you see if ForTrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ForTrade that will help you get off to a good start in the world of online trading.

ForTrade what you should know

ForTrade offer two ways to trade: Forex, CFDs.

With ForTrade you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with ForTrade platform.

ForTrade are able to accommodate various levels of traders whether you are experienced or a beginner.


Are ForTrade safe?

When choosing a broker like ForTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1992, and in operation for 27 years ForTrade have a head office in UK.

ForTrade is regulated. This means ForTrade are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForTrade, this will be honored. If ForTrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to ForTrade accounts by traders are held in a segregated bank account.

For added security ForTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with ForTrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ForTrade

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 1992
  • Regulated by Financial Conduct Authority
  • Min. deposit from $1

What we don't like

ForTrade General Fees

  • ForTrade doesn't charge withdrawal fees
  • ForTrade does charge inactivity fees

ForTrade Commissions

  • ForTrade does charge commission on CFD shares

What can you trade with ForTrade?

You can trade a wide variety of instruments with ForTrade over 100 instruments infact.

If you are looking at trading currency pairs ForTrade offer over 70 currency pairs.

Compare ForTrade with Interactive Brokers and XTB below.

FX / Currencies ForTrade IB XTB
# of forex pairs offered 70 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies Yes No Yes
Commodity CFDs ForTrade Interactive Brokers XTB
# of commodities offered 0 0
Metals Yes Yes
Energies Yes Yes
Agricultural Yes Yes
Indiced & Stock CFDs ForTrade Interactive Brokers XTB
# of Stocks offered 190 1500
UK Shares Yes Yes
US Shares Yes Yes
German Shares Yes Yes
Japanese Shares Yes Yes
ForTrade's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on ForTrade web platforms and other applications

ForTrade offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

ForTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See ForTrade's platforms

ForTrade Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

ForTrade Trading Accounts offered:

  • Mini account
  • Standard account
  • Islamic account

Can I try ForTrade before I buy?

ForTrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do ForTrade accept?

ForTrade offer the below funding payment methods. learn more about ForTrade

  • Credit cards
  • Bank Transfer
  • PayPal
  • Payoneer
  • Neteller

How can I start trading with ForTrade?

When opening a trading account with ForTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForTrade trading platforms here.

Performing trades with ForTrade

ForTrade allow you to execute a minimum of trade of . This may vary depending on the account you open. ForTrade allow you to execute a maxium trade of . As ForTrade offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, ForTrade are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, ForTrade offer margin up to % on currencies.

ForTrade also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, and much more. You can see all of the account features offered by ForTrade here.

Support at ForTrade

ForTrade support a limited number including

ForTrade have a double AA grade support rating because ForTrade offer live chat, phone, email support and less than three languages.

What you will need to open an account with ForTrade

As ForTrade is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ForTrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ForTrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.fortrade.com/ on 12th August 2018.

FORTRADE Frequently Asked Questions

Can I try ForTrade before I buy?

ForTrade do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do ForTrade accept?

ForTrade offer the below funding payment methods accept Credit cards, Bank Transfers, PayPal, Payoneer, Neteller, among other payment methods. Learn more here

How can I start trading with ForTrade?

When opening a trading account with ForTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForTrade trading platforms here.

Is my money safe with ForTrade?

ForTrade is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like ForTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForTrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.