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.
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 platformsForTrade 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 not quite right?
Check out these ForTrade alternatives
We have spent years researching the best alternatives to ForTrade. Click the links below to learn more.
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.