ForTrade Review 2023

ForTrade review
ForTrade Awards

ForTrade have won numerious industry awards over the 9 years they have been operating as a financial broker. We have listed the most notable 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.

Modern brokers like ForTrade provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, ForTrade may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall ForTrade trading profitability.

How ForTrade Fees Compare Against Other Brokers

ForTrade Minimum Deposit

ForTrade requires a minimum deposit of 100 GBP/USD/EUR 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.

Don't be scared off by brokers like ForTrade charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like ForTrade, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

ForTrade Withdrawal Fees

ForTrade doesn't charge withdrawal fees.

ForTrade Withdrawal rules may vary across different brokers when it comes to transferring funds from your ForTrade or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with ForTrade may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the ForTrade withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from ForTrade. Researching and comparing ForTrade withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing ForTrade funds frequently or dealing with large sums of money. Awareness of these ForTrade fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your ForTrade funds.

For example, ForTrade allows 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.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by ForTrade terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all ForTrade fees and services. It's recommended that you check the ForTrade website before signing up. If you decide to close your ForTrade account, it's important to do so with the ForTrade broker customer support and obtain confirmation that no remaining ForTrade fees are due.

Brokers like ForTrade must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

ForTrade Deposit Fees

ForTrade do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

ForTrade Commission Fees

ForTrade does charge commission on CFD instruments.

Brokerage firms like ForTrade may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the ForTrade trading account level held by the trader.

ForTrade may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing ForTrade terms and conditions to understand the commission fees and any other charges that may apply is essential.

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 trading apps help you stay on top of your trades and execute them on the go.

See ForTrade's platforms

Is the ForTrade Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the ForTrade trading platform to protect you on PC and mobile ForTrade platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using ForTrade web trading platforms.

ForTrade Trading Platform Options

After logging into your ForTrade account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)

Please be aware that ForTrade does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

ForTrade does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options ForTrade gives you.

ForTrade review
ForTrade MetaTrader 4 (MT4)

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on ForTrade offers traders comprehensive features and tools to enhance their trading performance. The ForTrade MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the ForTrade platform to their needs. One of the standout features of MT4 is its charting functionality, which allows ForTrade traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give ForTrade traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 ForTrade trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the ForTrade MetaTrader 4 (MT4) trading platform. MT4 is a platform available with ForTrade, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The ForTrade MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. ForTrade allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click 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 PCs and Apple Macintosh computers. ForTrade MetaTrader 4 is compatible with the latest macOS. ForTrade allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on ForTrade

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade ForTrade MetaTrader 4 on iOS Devices

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

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. ForTrade customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade ForTrade MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and ForTrade offers its clients access to the MetaTrader 4 platform on these devices. With the ForTrade MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing ForTrade traders to stay on top of their trades and react quickly to changes in the market. With the ForTrade MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade ForTrade MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on ForTrade are a powerful bundle of three major indicators designed to help traders make informed decisions. ForTrade MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help ForTrade traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing ForTrade traders to potentially stay one step ahead.

ForTrade MetaTrader 4 Advanced Trading Tools

The ForTrade MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give ForTrade traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, ForTrade provides traders with everything they need to succeed. The ForTrade MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing ForTrade traders to analyze the market at any level of complexity.

Trade ForTrade MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

ForTrade MetaTrader 4 AutoChartist

Autochartist on the ForTrade platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for ForTrade MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, ForTrade traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save ForTrade users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. ForTrade traders can navigate the platform and find the information they need to make informed trading decisions.

ForTrade Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for ForTrade traders of all experience levels.

ForTrade Trading benefits

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

ForTrade Trading Accounts Offered

Below we give an overview of 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.

• ForTrade Demo account
• ForTrade Mini account
• ForTrade Standard account
• ForTrade STP account
• ForTrade Islamic account

Can I try ForTrade?

ForTrade provides a demo account that enables individuals to explore trading before investing their funds. By creating a ForTrade practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the ForTrade demo account can help individuals to make informed decisions before investing their money.

Open a demo ForTrade account to practice and trade.

Your capital is at risk

ForTrade withdrawal and funding methods

It's essential to remember that the payment methods provided by ForTrade vary based on the ForTrade entity and the ForTrade client's country of residence. To view the ForTrade payment options available, you can log into your ForTrade member's area.

ForTrade offers various funding payment methods listed in your ForTrade dashboard if available in your region. To learn more about the ForTrade funding and withdrawal options available in your area, you can explore the ForTrade website.

ForTrade provides several payment methods for funding your ForTrade account. You may utilize any of these deposit options if they are available in your region. ForTrade ensures that users have multiple payment methods to choose from, making it more convenient for verified ForTrade account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the ForTrade user's location. learn more about ForTrade funding and withdrawal methods.

ForTrade Payment Methods

Some ForTrade payment methods are local and are available only to specific regions. ForTrade account holders should check which payment methods are provided in your region.

• ForTrade accepts Credit cards
• ForTrade accepts Debit cards
• ForTrade accepts Bank Transfer
• ForTrade accepts PayPal
• ForTrade accepts Neteller
• ForTrade accepts Payoneer

How can I start trading with ForTrade?

To open a trading account with ForTrade, individuals can sign up on the ForTrade website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for ForTrade account validation and making a deposit. Once completed, ForTrade users can download the trading platform of their choice.

It's important to note that ForTrade requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps ForTrade maintain a trustworthy financial environment for its 1,000,000 users. Detailed information on the ForTrade trading platforms is available on their website.

Your capital is at risk

Performing trades with ForTrade

When using ForTrade, the minimum trade size is typically units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. ForTrade have a max trade of . With STP execution on the ForTrade platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

One of the ForTrade platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide ForTrade traders with greater confidence and peace of mind when trading on the ForTrade platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of ForTrade trades.

Like other brokers, ForTrade margin requirements can differ depending on the traded instrument.

ForTrade offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about ForTrade, and see all of the ForTrade account features on the official ForTrade website.

CFD Trading on ForTrade

We will show you an example of the basics of using ForTrade leverage.

CFD trading on ForTrade allows traders to speculate on the price movements of various financial instruments against the broker ForTrade, without actually owning real assets. With CFDs, ForTrade traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

ForTrade provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, ForTrade leverage profits and losses are magnified when trading. For instance, using CFDs, you use the ForTrade trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, ForTrade leverage magnifies both profits and losses in trading.

Trading CFD trades on the ForTrade platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced ForTrade traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments 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

Negative balance protection is important for traders using leverage on platforms like ForTrade. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a ForTrade trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, ForTrade trading losses are always limited to the current balance of funds in the trader's account.

Even if an ForTrade trader experiences a significant loss, they will never owe more money than what is available in their ForTrade account balance.

It's important for ForTrade traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that ForTrade losses are limited to the funds available in your ForTrade account when negative balance protection is in place.

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

Stop-loss orders are a popular risk management tool traders use on platforms such as ForTrade . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for ForTrade traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an ForTrade trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide ForTrade traders with an effective way to manage risk and protect their investments in volatile markets.

Education Resources at ForTrade

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

ForTrade . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with ForTrade. Familiarizing yourself with the ForTrade trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using ForTrade. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with ForTrade involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like ForTrade, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with ForTrade. Explore the ForTrade platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with ForTrade, before live trading.

Customer Support at ForTrade

As part of our ForTrade review, we review customer service options, response times and problem resolution effectiveness on the ForTrade trading platform. The ForTrade trading platform supports multiple languages, which includes 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

Our experience with the ForTrade live chat was positive. We received a response within 30 seconds of sending a message through their app and website. Overall, great live chat support from ForTrade.

We tested communicating with ForTrade customer support in multiple languages and countries. ForTrade made an effort to resolve the issues we had.

Email Support at ForTrade

Our experience with ForTrade email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at ForTrade

Our experience with ForTrade phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with ForTrade.

See how ForTrade Support Compares Against Other Brokers

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).

As a new client of ForTrade, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with ForTrade in your region. During the ForTrade account opening process, you will be asked to provide ForTrade with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with ForTrade have the following documents available.

• ForTrade require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for ForTrade compliance. This must be dated within the last six months.
• If you plan to fund your ForTrade account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the ForTrade platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under ForTrade Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring ForTrade's platform.

However, remember that you won't be able to make trades on ForTrade until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the ForTrade KYC compliance process as soon as possible to avoid any delays in accessing the ForTrade platform's features.

It is important to note that ForTrade may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the ForTrade platform and features immediately. However, you must pass the verification process to start live trading with ForTrade, which can take up to a few business days.

To start the process of opening an account with ForTrade you can visit the ForTrade trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.fortrade.com/ on June 04, 2023.

Watch this ForTrade Explainer Video

ForTrade review written by Andrew Blumer and Mark Hansen