ForTrade Review 2020

ForTrade Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ForTrade Guide

ForTrade are an online broker founded in 1992 offering Forex trading, and CFDs trading.

ForTrade are a global broker and 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.

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.

Benefits of trading with ForTrade

  • Regulated by: Financial Conduct Authority (FCA)
  • Headquarters Country : UK
  • Foundation year 1992
  • Min Deposit : 1
  • Used by over 10,000 traders
  • ForTrade is not available in the following countries : US
Open ForTrade's Website

Your capital is at risk

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 Review Table of Contents

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 28 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) 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

Your capital is at risk

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

Broker ForTrade eToro XTB IC Markets
Year Established 1992 2006 2002 2007
Head Office UK Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) 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 Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

ForTrade Pros and Cons

What we like about ForTrade

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

What we don't like about ForTrade

ForTrade Financial Regulation and Supervision 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 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.

ForTrade is 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.

ForTrade Awards

ForTrade have won numerious industry awards over the 28 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 General Fees

  • ForTrade doesn't charge withdrawal fees
  • ForTrade does charge inactivity fees
  • ForTrade does charge deposit fees
Broker ForTrade eToro XTB IC Markets
Min Deposit 1 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No Varies
CFD Commission Fees No Yes Yes

ForTrade Commissions

  • ForTrade does charge commission on CFD instruments.

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 eToro and XTB below.

Your capital is at risk

Broker ForTrade eToro XTB IC Markets
Instruments Available 100 100 1,500 232
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 Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 70 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Commodities Offered 0 0 21 19
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Visit ForTrade Visit eToro Visit XTB Visit IC Markets
Stocks Offered 190 957 1696 100
UK Shares Yes Yes No
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes

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 :

  • 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

ForTrade withdrawl and funding methods.

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

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

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 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.

ForTrade Leverage and ForTrade CFDs Explained

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

ForTrade offer CFD 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 trading.

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. 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.

ForTrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing 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

ForTrade support a limited number including

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, and 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 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

What you will need to open an account with ForTrade

As ForTrade is regulated by Financial Conduct Authority (FCA), 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.

Watch this ForTrade Informational 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 28 years.
  • ForTrade has a reasonable sized customer support of at least 10.
  • ForTrade are regulated by Financial Conduct Authority (FCA). 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 Disclaimer

Your capital is at risk

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.

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 Comparisons

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 some indepth ForTrade VS pages below.

FORTRADE Frequently Asked Questions

Can I try ForTrade before I buy?

ForTrade offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ForTrade accept?

ForTrade offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, Payoneer, Neteller, Wire Transfer, 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). 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.

Is ForTrade trading good?

ForTrade is considered good and reputable to trade with. ForTradeForTrade is used by over ForTrade active traders. ForTrade offers Forex trading, and CFDs trading. Minimum deposit with ForTrade is mindeposit.

Is ForTrade trading Legit?

ForTrade was founded in UK in 1992. ForTrade has been facilitating trade on the financial markets for over 28 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) so can be considered legit.

Is ForTrade a good broker?

ForTrade is overseen by the top tier financial regulators Financial Conduct Authority (FCA) 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).

What is the minimum deposit for ForTrade?

The minimum deposit to trade with ForTrade is 1.

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).

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). 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 28 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 inactivity fees. ForTrade does charge deposit fees.

When was ForTrade founded?

ForTrade was founded in 1992.

How many people use ForTrade?

ForTrade is used by over 10000 registered traders.

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 10000 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?

ForTrade accept the following funding methods : Credit cards, PayPal, Payoneer, Neteller, Bank Transfer.

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