ForTrade Rated 3/5

ForTrade Guide - Read our In Depth 2021 ForTrade Review

This ForTrade review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
The content in this ForTrade review does not apply to US users.

Benefits of Trading with ForTrade

ForTrade Review 2021 Quick Summary
💰 Min Deposit 100
👱‍♂️ Used By 1,000,000 ForTrade users and traders
📆 Founded 2014
🌍 HQ UK
👮‍♂️ Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
🚫 Excluded Countries ForTrade is not available in the following countries : US

Open ForTrade's Website

Your capital is at risk


learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.

What is ForTrade?

ForTrade are a global online financial trading platform and multi asset broker founded in 2014

Over 7 years later ForTrade has grown to offering retail investors Forex trading, and CFDs trading.

ForTrade are a global broker. ForTrade have a head office in UK.

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

We will dive deep in this ForTrade review and assess how well the ForTrade platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like ForTrade can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of ForTrade we breakdown the pros and cons. What ForTrade are able to offer, what countries ForTrade are available in. Who ForTrade are regulated by and more.

ForTrade Review Screenshot

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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this ForTrade review useful.

This review of the ForTrade platform is very detailed. If you are interested in trading with ForTrade in any capacity please take the time to read and research the whole ForTrade review.

We have tried to explain the ins and outs of financial trading through the ForTrade platform as plainly as possible so that you the trader are as informed as possible before you start to use the ForTrade trading tools and depositing and withdrawing funds from ForTrade.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with ForTrade like Forex trading, and CFDs trading. you should have confidence in ForTrade and know that the management of your financial investments on the ForTrade platform are in good hands.

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

With this ForTrade 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 Review Table of Contents

ForTrade review
ForTrade is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about ForTrade. ForTrade is a multi asset platform with 100+ tradable Assets. Assets available on ForTrade include Forex, CFDs.

ForTrade trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs are considered financial assets.

Features of ForTrade

ForTrade review
What you should know

ForTrade offer two ways to trade: Forex, CFDs.

With ForTrade you will need a minimum deposit of $100. 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 2014, and in operation for 7 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 (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) 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.

Your capital is at risk

Is my money safe with ForTrade?

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.

What are Tier 1 banks and why should ForTrade use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in ForTrade deposited in a Tier 1 bank?

Having any money you deposit with ForTrade means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if ForTrade goes out of business for some reason.

Therefore, we can safely conclude that ForTrade is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. ForTrade also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding ForTrade. let us look at the ForTrade features in more detail.

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

Your capital is at risk

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

How ForTrade as a Company Compare Against Other Brokers

Broker ForTrade eToro XTB IC Markets
Year Established 2014 2007 2002 2007
Head Office UK Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 1,000,000+ ForTrade users 20,000,000+ eToro users 250,000+ XTB users 180,000+ IC Markets users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

ForTrade review
ForTrade Pros and Cons

What we like about ForTrade

  • Used by over 1,000,000 ForTrade users and traders
  • Established in 2014
  • Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
  • Min. deposit from $100

What we don't like about ForTrade

ForTrade review
ForTrade Regulation and Licensing in more detail

We have checked and ForTrade is regulated and supervised by reputable organisations. You are able to check every ForTrade supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ForTrade. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ForTrade traders and provide a safe trading environment. Financial regulation and license approval is essential.

ForTrade is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ForTrade you should be sure they're legitimate online agent.

Is ForTrade Global?

Yes, ForTrade is global as ForTrade is available in over 194 countries.

ForTrade is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries ForTrade covers include the UK, Germany, Australia, South Africa, Thailand, and China. ForTrade has a total of more than 1,000,000 users.

ForTrade review
ForTrade Awards

ForTrade have won numerious industry awards over the 7 years they have been operating as a financial broker. We list the most notible awards and mentions for ForTrade below.

  • Successfully trebled their revenue from 2015 to 2016. Reached £16 million turnover for 2016

ForTrade review
ForTrade Fees Explained

  • ForTrade doesn't charge withdrawal fees
  • ForTrade does charge a fee for inactive accounts.
  • ForTrade does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How ForTrade Fees Compare Against Other Brokers

Broker ForTrade eToro XTB IC Markets
Min Deposit 100 200 0 200
Withdrawal Fees No Yes varies No
Inactivity Fees Yes Yes No
Deposit Fees No No Varies
CFD Commission Fees Yes Yes Yes

ForTrade Minimum Deposit

ForTrade require a minimum desposit of 100 GBP/USD when opening an ForTrade trading account.

A minimum deposit is the minimum amount of money required by ForTrade to open a new online brokerage account with them.

Dont be scared off by brokers like ForTrade charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

ForTrade Withdrawal Fees

ForTrade doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

ForTrade for example allow you to withdraw your funds to Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer.

ForTrade Inactivity Fees

ForTrade does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

ForTrade Desposit Fees

ForTrade does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

ForTrade Commission Fees

ForTrade does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

ForTrade review
What can you trade with ForTrade?

Be aware that Different entities under ForTrade Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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

If you are looking for Forex brokers to trade currency pairs on global Forex markets ForTrade offer over 70 currency pairs.

Compare ForTrade with eToro and XTB below.

Your capital is at risk

How ForTrade Trading Options Compare Against Other Brokers

Broker ForTrade eToro XTB IC Markets
Instruments Available 100 2000 4000 232
Platforms MT4, Binary, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies        
Forex pairs offered 70 50 57 65
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 21 19
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 190 2042 1696 110
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
Risk Warning Visit ForTrade
Your capital is at risk
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit XTB
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Visit IC Markets
Losses can exceed deposits

ForTrade review
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

Is the ForTrade Trading Platform Secure?

ForTrade safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. ForTrade also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating ForTrade.

ForTrade Trading Platform Options

Once you have logged into your ForTrade account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

ForTrade does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

ForTrade does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options ForTrade gives you.

ForTrade review
ForTrade MetaTrader 4 (MT4)

ForTrade MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with ForTrade. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with ForTrade in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. ForTrade MetaTrader 4 is compatible with the latest macOS Mojave. ForTrade allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on ForTrade

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade ForTrade MetaTrader 4 on IOS Devices

You can download the ForTrade app or also trade with ForTrade through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade ForTrade MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. ForTrade provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android ForTrade MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade ForTrade MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

ForTrade MetaTrader 4 Advanced Trading Tools

The ForTrade advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. ForTrade offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade ForTrade MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

ForTrade MetaTrader 4 AutoChartist

ForTrade Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

ForTrade Trading benefits

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

ForTrade Trading Accounts Offered

Below we give an overview on the account types that ForTrade offer. Whatever you are looking to trade the varying ForTrade account types will be able to provide you with what you need.

  • Demo account
  • Mini account
  • Standard account
  • STP 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

Your capital is at risk

ForTrade withdrawal and funding methods

Please note that the list of ForTrade payment methods below depend on the ForTrade Entity and the Clients Country of Residence.

All available ForTrade payment methods available to you can be found in your ForTrade members area checked on the ForTrade website.

ForTrade offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about ForTrade

ForTrade Payment Methods

  • ForTrade accepts Credit cards
  • ForTrade accepts Debit cards
  • ForTrade accepts Bank Transfer
  • ForTrade accepts PayPal
  • ForTrade accepts Neteller
  • ForTrade accepts Payoneer
Broker ForTrade eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes No
Neteller Yes Yes Yes Yes

*please note available ForTrade and other broker payment methods depend on the clients country of residence.

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. You will need to provide some basic documentation to prove your identity as part of ForTrade onboarding and normal KYC identity checks. These checks are standard practice and help ForTrade provide a safe financial environment for their 1,000,000 users.

Your capital is at risk

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.

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 instruments.

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.

CFD Trading on ForTrade

let's take a look at some of the basics of using ForTrade leverage.

ForTrade offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ForTrade leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ForTrade trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ForTrade leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ForTrade CFDs are typically used for short to medium term trades. For example ForTrade intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk

Limiting Your Risk When Trading with ForTrade Negative Balance Protection

We should say something about negative balance protection with ForTrade. When trading using leverage an adverse move could result in losing more than your trading account balance at ForTrade. If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. Your ForTrade account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with ForTrade Stop Loss, ForTrade Stop Limit Orders

A stop-loss order is an order placed with a broker like ForTrade to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at ForTrade

To trade effectively with ForTrade, it's important to get a have a good understanding of the ForTrade trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with ForTrade and externally.

ForTrade offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with ForTrade.

Take time to look around the ForTrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ForTrade

As part of our ForTrade review we review customer service options, response times and ForTrade trading platform problem resolution effectiveness.ForTrade support a wide range of languages including English, German, Spanish, French, Croatian, Italian, Dutch, Polish, Portuguese, Slovene, Swedish, Russian, Arabic, Albanian, Macedonian.

ForTrade have a double AA grade support rating because ForTrade offer live chat and email support in multiple languages.

Livechat Support at ForTrade

We tested the ForTrade live chat and it works well. We sent messages to ForTrade livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with ForTrade support in multiple languages in multiple countries. ForTrade where able to quickly resolve our customer issues.

Email Support at ForTrade

We sent several emails to ForTrade and answer times overall were excellent. The fastest response from ForTrade was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with ForTrade, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from ForTrade.

Phone Support at ForTrade

We called ForTrade and the call was answered very quickly. The call was answered in less than 5 minutes.

The ForTrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ForTrade team by calling in varying languages. ForTrade made an effort to make sure our queries were answered.

Overall great phone support from ForTrade.

See how ForTrade Support Compares Against Other Brokers

Broker ForTrade eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, German, Spanish, French, Croatian, Italian, Dutch, Polish, Portuguese, Slovene, Swedish, Russian, Arabic, Albanian, Macedonian English, German, Spanish, French, Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

What you will need to open an account with ForTrade

As ForTrade is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB), 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under ForTrade Brand may be different.

  • 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 3 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 the ForTrade trading platform 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 July 22, 2021.

Watch this ForTrade Explainer Video

Is ForTrade A Good Broker?

We spent over 3 months examining ForTrade in depth. Although we found some very useful aspects of the ForTrade platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative ForTrade broker.

  • ForTrade have a good track record of offering Forex, CFDs.
  • ForTrade has a history of over 7 years.
  • ForTrade has a reasonable sized customer support of at least 10.
  • ForTrade are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB). This means ForTrade fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ForTrade have regulation from a Tier 1 reputable country.
  • ForTrade has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ForTrade have an international presence in multiple countries. This includes local ForTrade seminars and training.
  • ForTrade are able to hire people from various locations in the world who can better communicate in your local language.

ForTrade Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

ForTrade not quite right?

If after reading this ForTrade review, ForTrade does not fulfill your needs check out these ForTrade Alternatives.

Click here to view the best ForTrade Alternatives

We have spent years researching the best alternatives to ForTrade. Click the links below to learn more.

If you feel some of the above ForTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ForTrade alternatives below.

Related ForTrade Vs Comparisons

We have covered allot in this ForTrade review, If you want to see how ForTrade compares side by side with other brokers check out our ForTrade Vs pages.

If you would like to see how ForTrade stands up against other brokers you can read some of our ForTrade comparisons below. We compare side by side some of our top rated ForTrade versus comparisons. Read our indepth ForTrade VS pages below.

ForTrade review
FORTRADE Frequently Asked Questions

Read our detailed ForTrade FAQ Section updated for 2021.

Can I try ForTrade before I buy?

ForTrade offer a demo account so you can try the ForTrade platform with virtual trading before you put down a payment. Virtual trading with ForTrade is zero risk. Learn more here

What funding methods do ForTrade accept?

Please note that the list of payment methods below depend on the ForTrade Entity and the Clients Country of Residence.

ForTrade offer the following funding payment methods Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer, among other payment methods.
Learn more here

Your capital is at risk

Is ForTrade safe?

ForTrade are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB). 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.

Your capital is at risk

Is ForTrade trading good?

ForTrade is considered good and reputable to trade with ForTrade. ForTrade is used by over 1,000,000 active traders and ForTrade users. ForTrade offers Forex trading, and CFDs trading. Minimum deposit with ForTrade is 100.

Is ForTrade trading Legit?

ForTrade was founded in UK in 2014. ForTrade has been facilitating trade on the financial markets for over 7 years. ForTrade offers clients Forex trading, and CFDs trading. All funds deposited to ForTrade are held in segregated tier 1 bank accounts for security. ForTrade is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) so can be considered legit.

Is ForTrade a good broker?

ForTrade is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) so can be considered a good broker. ForTrade allows Forex trading, and CFDs trading.

Is ForTrade trustworthy broker?

ForTrade can be considered trustworthy. All money funded to ForTrade is placed into a segregated tier 1 bank account. this means your money in not held by ForTrade directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ForTrade is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB).

What is the minimum deposit for ForTrade?

The minimum deposit to trade with ForTrade is 100.

How long do ForTrade withdrawals take?

Withdrawing money from ForTrade processing time varies but averages 2-5 days.

Is ForTrade regulated?

ForTrade is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB). Regulatory bodies conduct regular reviews and audits as part of ForTrade maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is ForTrade a market maker?

ForTrade is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

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 (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB). 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.

Is ForTrade a con?

ForTrade is regulated and well established having been in business for over 7 years. ForTrade is definitely not a con.

Can you make money with ForTrade?

Although traders have had great success with ForTrade. Trading on the financial markets with ForTrade is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does ForTrade have fees?

ForTrade doesn't charge withdrawal fees. ForTrade does charge a fee for inactive accounts. ForTrade does charge deposit fees.

When was ForTrade founded?

ForTrade was founded in 2014.

How many people use ForTrade?

ForTrade is used by over 1,000,000 registered ForTrade users.

What is ForTrade Headquarters country?

ForTrade has its head quarters office in UK.

Does ForTrade offer negative balance protection?

ForTrade offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ForTrade offer guaranteed stop loss?

ForTrade does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does ForTrade allow scalping?

ForTrade offers scalping.

Does ForTrade allow hedging?

ForTrade offers hedging.

Does ForTrade offer CFD trading?

ForTrade offers CFD trading.

Does ForTrade offer STP?

ForTrade offers STP trading.

How many people use ForTrade?

ForTrade is used by over 1000000 ForTrade users and traders.

Is ForTrade an ECN broker?

ForTrade does not offer ECN trading.

Does ForTrade offer a demo account?

ForTrade offers a demo account.

Does ForTrade offer an Islamic account?

ForTrade offers a Islamic accounts.

What are the funding methods for ForTrade?

Please note that funding methods and funding options available with ForTrade can be found in the ForTrade Members area and depend on the ForTrade client’s country of residence. Please check your specific available payment methods on the ForTrade website. ForTrade accept the following funding methods : Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer.

ForTrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ForTrade brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ForTrade review written by Mark Hansen of Comparebrokers.co