ForTrade

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	Official Website
Popularity
Leverage	1:30
Minimum Deposit	$100
Regulation	FCA, ASIC
Payment Methods	Credit Card, Bank Wire, PayPal, Skrill
Trading Assets	Forex, Cryptocurrencies, Commodities, Stocks, Indices
MT4	✅
MT5	✅
Spreads	Low
Average cost: EUR/USD	1.2 pips
Demo Account	✅
Islamic Account	✅
MAM	❌
PAMM	❌
CopyTrading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	$10 after 12 months
Year Established	2013
Address	Michelin House, 81 Fulham Road, London, SW3 6RD, United Kingdom
Contact Information	Email: [email protected], Phone: +44 207 862 1761
Mobile Trading APP
Rating	★★★★☆ [4.5]
Website	Official Website

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Pros and Cons

Introduction

ForTrade is a dynamic online trading broker that has rapidly established itself as a reliable and innovative platform in the competitive world of online trading.

Offering a broad range of financial instruments across forex, commodities, stocks, and indices, it caters to traders of all experience levels.

This review delves into the various aspects, from its regulatory framework and platform offerings to its account types, trading instruments, and customer support, providing a thorough evaluation for prospective traders.

Company Background

History

ForTrade was established with the aim of simplifying the online trading process for traders worldwide.

Since its inception, the broker has expanded its services globally, adhering to strict regulatory standards.

Regulation and Safety

ForTrade operates under the regulation of several reputable bodies, including the Financial Conduct Authority (FCA) in the UK, ensuring a high level of security and fairness for its clients.

Trading Platforms

ForTrade offers its clients a choice between the widely popular MetaTrader platforms (MT4 and MT5) and its proprietary trading platform, designed with user-friendliness in mind.

Each platform is equipped with tools and features to suit different trading strategies and preferences.

• MetaTrader 4 (MT4): Known for its analytical capabilities, MT4 remains a favorite among traders for its advanced charting tools, automated trading systems (EAs), and customization options.
• MetaTrader 5 (MT5): Building on the success of MT4, MT5 offers additional timeframes, enhanced graphical tools, and improved processing speed for traders looking for an edge in fast-moving markets.
• ForTrade’s Own Platform: Developed for both new and experienced traders, its proprietary platform offers a straightforward, intuitive trading experience with a range of analytical tools at your fingertips.

Account Types

ForTrade has designed its account structure to cater to the diverse needs of its client base, ranging from novices in the trading world to experienced professionals seeking advanced features and greater leverage.

Understanding the specifics of each account type can help traders choose the one that best fits their trading style and goals.

Standard Account

• Features:

• • Accessibility: Low minimum deposit requirement, making it accessible for beginners.
  • Spreads: Competitive spreads on a wide range of trading instruments.
  • Leverage: Up to 1:30 for retail clients, in compliance with regulatory standards.
  • Platform Availability: Access to both MetaTrader platforms (MT4 and MT5) and ForTrade’s proprietary platform.
  • Instruments: Full access to all trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies.

• Benefits:

• • Ideal for new traders due to its low entry threshold.
  • Provides a balanced offering of features and costs, making it a versatile choice.
  • Offers educational resources to help traders develop their skills.

Professional Account

• Features:

• • Eligibility: Traders must meet certain criteria related to trading volume and experience.
  • Leverage: Increased leverage options, offering greater exposure and risk.
  • Spreads: Even more competitive spreads for high-volume trading.
  • Risk Management: Access to advanced risk management tools and features.
  • Support: Dedicated account manager providing personalized support.

• Benefits:

• • Suitable for experienced traders with a profound understanding of market risks.
  • Enhanced trading conditions and access to more complex instruments.
  • Personalized support to cater to the sophisticated needs of professional traders.

Demo Account

• Features:

• • Virtual Funds: Trade with virtual funds in a risk-free environment.
  • Access to Platforms: Use MetaTrader 4, MetaTrader 5, and ForTrade’s proprietary platform.
  • Market Conditions: Realistic market conditions to practice trading strategies.
  • Expiry: Often, demo accounts are available for a limited time, encouraging a transition to live trading.

• Benefits:

• • Perfect for beginners wanting to learn how to trade without financial risk.
  • Allows experienced traders to test new strategies before applying them in a live environment.
  • Provides a good understanding of the trading environment and tools.

Islamic Account

• Features:

• • Sharia Compliance: No swap or rollover interest on overnight positions, aligning with Islamic finance principles.
  • Spreads and Commissions: Competitive spreads, with commissions transparently outlined to avoid interest.
  • Available Instruments: Access to most trading instruments, excluding those not compliant with Sharia law.

• Benefits:

• • Allows Muslim traders to participate in trading in accordance with their faith.
  • Offers a transparent trading environment with clear pricing structures.
  • Ensures no hidden fees or charges, in line with ethical trading principles.

Trading Instruments

Traders can diversify their portfolios with access to a wide range of trading instruments:

• Forex: Major, minor, and exotic currency pairs.
• Commodities: Gold, silver, oil, and more.
• Indices: Leading global indices.
• Stocks: Trade shares from top companies.
• Cryptocurrencies: Bitcoin, Ethereum, and other popular cryptocurrencies.

Deposits and Withdrawals

ForTrade offers multiple deposit and withdrawal methods, aiming for convenience and efficiency:

• Methods: Credit/debit cards, bank wire transfers, and e-wallets.
• Fees: Detailed information on any applicable fees for transactions.
• Processing Times: Expected time frames for deposits and withdrawals.

Customer Support

The company prides itself on providing excellent customer support:

• Availability: 24/5 support for traders.
• Languages: Support available in multiple languages.
• Contact Methods: Phone, email, and live chat options.

Educational Resources

ForTrade is committed to educating its traders, offering plenty of resources:

• Webinars: Regular live sessions covering various trading topics.
• E-books: A range of guides and e-books on trading strategies and market analysis.
• Trading Courses: Structured courses for beginners to advanced traders.

Tools and Features

The broker offers an array of tools and features to enhance the trading experience:

• Technical Analysis Tools: Indicators and charting tools for market analysis.
• Economic Calendar: Keep track of important financial events.
• CopyTrading: Option for traders to copy the trades of experienced counterparts.

Mobile Trading

Their mobile trading app allows for trading on the go, with full access to trading accounts, instruments, and analysis tools.

The app is available for both iOS and Android devices.

Conclusion

ForTrade stands out as a broker committed to offering a secure, comprehensive, and user-friendly trading environment.

Its adherence to regulatory standards, combined with a wide range of trading platforms, instruments, and educational resources, makes it a suitable choice for traders of all levels.

Whether you’re just starting out or looking for a more advanced trading experience, ForTrade provides the tools and support necessary to navigate the financial markets effectively.

User Reviews

Video: How to use their platform

Frequently Asked Questions (FAQ)

Resources

• Official Website
• LinkedIn
• Twitter
• Facebook
• Instagram

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Alternatives

Rank	Broker	Review
1	XM
2	XTB
3	FBS
4	RoboForex
5	JustMarkets
6	xChief
7	Exness
8	eToro
9	Markets.com
10	IC Markets

Last update: April 27, 2024