Overall Rating: ★★★☆☆ (3.2/5.0)

Fortrade is a UK-based forex and CFD broker established in 2013, known for offering a simple, user-friendly platform and a wide range of instruments including forex, indices, shares, commodities, and cryptocurrencies. Regulated by the Financial Conduct Authority (FCA) and other regional regulators, Fortrade caters mainly to retail traders and those seeking an accessible, beginner-friendly environment. However, its spreads are above average, and advanced features are limited, making it less suitable for experienced or high-frequency traders. This Fortrade review covers its platforms, pricing, regulation, and more.

Key Features

Fortrade focuses on simplicity and accessibility, appealing mostly to new and intermediate traders.

• Trading Platforms:
  • Fortrade WebTrader – proprietary, browser-based platform
  • MetaTrader 4 (MT4) – desktop and mobile
• Markets Offered:
  • Forex, indices, shares, ETFs, commodities, and cryptocurrencies
  • Over 300 instruments available
• Account Types:
  • Single account structure, with personalised service
• Demo Account:
  • Free demo account with £10,000 in virtual funds
• Leverage:
  • Up to 1:30 for retail clients (FCA)
  • Up to 1:200 for professional clients

Regulation and Security

Fortrade is a heavily regulated broker, offering strong protections for client funds.

• FCA-regulated (UK) – FRN 609970
• Also licensed by:
  • ASIC (Australia), IIROC (Canada), and NBRB (Belarus)
• Client Fund Segregation: Yes, under FCA requirements
• FSCS Protection: Up to £85,000 for UK clients
• Negative Balance Protection: Included for retail clients
• Full KYC/AML compliance

Pricing and Costs

Fortrade’s cost structure is spread-based, with no commissions, but spreads are not the most competitive.

• Spreads:
  • EUR/USD: Typically around 2.0 pips
  • GBP/USD: Roughly 2.5 pips
  • Indices and commodities have wider spreads than ECN brokers
• Commission:
  • Zero commissions, cost is fully spread-based
• Minimum Deposit:
  • £/€/$100
• Deposit & Withdrawal Fees:
  • No deposit fees; withdrawal charges may apply depending on method
• Inactivity Fee:
  • £10/month after 6 months of inactivity

Educational Resources and Customer Support

Fortrade offers strong educational tools and account support, especially for beginners.

• Education:
  • Video tutorials, eBooks, webinars, and trading guides
  • Structured learning for new traders
• Market Analysis:
  • Daily reports, forecasts, and trading signals
  • Economic calendar and sentiment tools
• Customer Support:
  • 24/5 multilingual support via live chat, phone, and email
  • Personalised account management

Risk Management Tools

Fortrade includes essential risk controls, but lacks advanced institutional tools.

• Risk Tools:
  • Stop-loss, take-profit, trailing stop
• Margin alerts and account protection levels
• Leverage control based on regulatory status
• No guaranteed stop-loss orders (GSLOs)

Pros and Cons

Pros

• FCA, ASIC, and IIROC regulation – strong global credibility
• Beginner-friendly WebTrader and MT4 platforms
• Comprehensive education and support
• Demo account available
• No commission trading model

Cons

• Wider-than-average spreads
• Limited tools for advanced traders
• Inactivity fees after 6 months
• No copy trading or MT5 platform support

Conclusion: Is Fortrade the Right Choice?

Fortrade is ideal for beginner traders seeking a simple, secure, and regulated broker with solid educational support. Its FCA regulation, accessible platform, and personalised service give it strong appeal for new clients. However, trading costs are higher than ECN-style brokers, and advanced users may outgrow its tools quickly.

For those who value security, support, and simplicity, Fortrade is a safe and stable starting point. Active or experienced traders may prefer brokers like Pepperstone, IC Markets, or CMC Markets.