Fortrade is one of the newest Forex brokers which goal is to be different than most of other forex brokers in the industry. It was established in 2011 and its headquarters is located in the UK, location is at the epicenter of the world’s biggest financial market for FX trading. Fortrade has several positive qualities that make it a highly appropriate broker for investing in the financial markets.
The broker offers a comprehensive variety of instruments and tradable assets, which is certainly a great strategy to become a recognized broker.
All brokers based in UK are required to be regulated by the FCA to propose Forex brokerage and related services in the UK. Therefore, Fortrade regulation is also taken care of by the highly observed and immensely popular financial regulator of the UK.
The main advantage of opening a Fortrade account is the capability to trade in different markets all over the world. Clients get to select from 200 different financial products, which should support traders to invest in their chosen asset without making any compromises.
One of the main disadvantages of the company is the Fortrade spreads, which is bigger than the industry average spread. The EUR/USD currency pair sees an average spread of 4 pips, which is big, seeing that even other market maker brokers offer highly reasonable spreads of 1 pip on average.
The broker has created three separate Fortrade trading platforms known as the Desktop Fortrader, the Mobile Fortrader, and the Web Fortrader.
Desktop Fortrader – is an installable trading interface that is accessible only for the Windows platform, as the firm is still developing dedicated versions for the Mac and Linux operating systems.
Fortrader platform is diverse from the famous MT4 platform and offers an outstanding user interface with all the tools and charting abilities that are built into the program.
Mobile Fortrader – is accessible for both the iOS and Android operating systems, and so, clients can access all the available instruments through the Fortrade mobile platforms.
Web Fortrader is a beneficial combination of both desktop and mobile trading that enable users to access their accounts using the browser, which allows traders to log into their accounts through a desktop, smartphone, or a tablet.
The Fortrader platform is dependable, but MT4 users will surely miss the selection of trading on the most popular FX trading platform.
Reward For Opening A Fortrade Account
If you make a deposit with the broker, you can enjoy a maximum of 30% Fortrade bonus on top of your initial deposit. It is surely an attractive proposition, particularly if you want to upsurge your initial capital without any danger before venturing into the markets.
Even though, a bonus can help in increasing equity and margin, traders should be cautious of the related bonus terms and conditions.
Fortrade customer support, they have live chat, email and direct phone call. However, they do lack a live chat function, which is bound to disappoint traders.
Fortrade is a regulated broker that has many advantages as well as a few disadvantages, but generally Fortrade is a dependable and a legitimate FX broker.
For other best forex brokers and bonuses, feel free to visit Mxtrade.com, 24fx.com, forex.com, Trade12.com , Markets.com,Vantagefx.com, Avatrade.com, Instaforex.com and many more, which I will be checking as well.