On-line since:
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Regulation:
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Minimum account size:
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Spreads:
Fortrade Cyprus Ltd. regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with a CIF license, number 385/20. The head office is located in the UK at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. The company is focused on working with clients all over the world.
Company’s purpose:
Make online trading more accessible and profitable.
Company’s services:
The broker provides a platform for trading currencies, stocks, precious metals, indices and various products.
Company’s principles:
- Clear and simple trading. The user-friendly technology is designed to provide a simple and powerful trading environment that is ideal for both experienced traders and newbies.
- Safety, reliability. Client funds are fully protected in accordance with the strictest rules and regulations.
- Trading 24/7. The client has access to trading platforms that allow him to monitor global financial markets, financial derivatives and benefit from the price movements at a convenient time and in the most convenient place.
- Speed. Customer orders are executed immediately and without delay.
Trading instruments:
The company offers a wide range of trading instruments, in particular over 50 currencies and nearly 250 CFDs on stocks, as well as dozens of indices and commodities.
Trading conditions:
In order to start trading, you need to deposit $ 100. The deposit currency can be the US dollar, euro or British pounds. The company uses the MT4 trading platform as well as its own online Fortrader platform. Fortrade does not charge commissions for trading operations; the spread, for example, on the EURUSD pair is about 2 pips, which is the market average.
Education:
The broker`s website provides open access to e-books and courses, online trading seminars, a glossary of terms.
Risk Warning:
The broker warns that trading in contracts for difference (CFDs) carries a high risk of losing money quickly due to the use of leverage. Quite often, clients go at a loss. The broker strongly recommends to familiarize with all the risks and seek advice.
Support service:
The customer of the company can contact the support service via email, by phone or online chat. The site has been translated into 15 languages.
Feedback from traders:
Traders noted that the site contains a detailed description of the services provided. The site is clear and it doesn`t take much time to find the information you need. However, some of them were dissatisfied with the work of the support service.
Pros:
- company’s activities are controlled by the state
- variety of trading instruments
- own trading platform in addition to MT4
Minuses:
- only one trading account
