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Fortrade Review – the Expert’s Guide for Novice Traders

Jul 28, 2020
Fortrade Review

Fortrade is a UK-based CFD broker that has a lot to offer for new investors. They have developed their own trading platform that significantly simplifies the investing process. They’re well known worldwide, with clients in over 150 countries. Several regulating bodies oversee Fortrade’s activities across the globe. New users are welcome to try out their platform with a complimentary demo account. They can get used to the layout and familiarize themselves with the vast assortment of CFDs on many different assets.

Fortrade Reputation Worldwide

Fortrade’s reputation is longstanding and well-known worldwide. They have clients spread across more than 150 countries. Users can access their services in over a dozen languages. The FCA, CySEC, ASIC, NBRB, and IIROC all regulate the operations of this firm. Fortrade has to stick to these regulating bodies’ strict standards to maintain their registration. As with any other legitimate firm, you need proof of identity and proof of address to start trading. They accept passports and identification from many countries and standard proof of address documents, like utility bills.

Many Assets are Available for CFDs with Fortrade

Fortrade lets investors trade CFDs in a variety of categories. CFDs are available on stocks, indices, commodities, cryptocurrencies, forex, and more. They offer major currency pairs, primarily AUD, EUR, NZD, CAD, CHF, JPY, and GBP paired with USD. There are stocks to trade CFDs on from a variety of markets, including US stocks and most European markets. Commodities offer a variety of options for CFDs, including precious metals, oils, and crops.

The Fortrader Trading Platform

There are two options when investing with Fortrade. They have a proprietary trading platform called Fortrader and also allow access to the popular MetaTrader 4 platform. Fortrader is accessible through a browser app and both Android and iOS apps. The mobile apps enable users to track and investigate promising CFDs and to make trades from their devices.

Fortrade has designed its trading platform to be both versatile and easy to understand for new users. The home page of the app instantly displays the user’s favorite CFDs. This makes checking price changes quick and easy. Buying and selling is just a press away from the home screen. It’s easy to search for instruments. Users can search for them by name, or browse through several categories.

Easy Access to Information on Your Investments

Each CFD’s page will give options to place buy and sell orders, along with displaying a micro chart that the user can customize. The charts are accessible as both candlestick and line charts. It’s easy for users to show different timeframes on the chart. An information tab displays more details on the instrument. Users can see the available leverage and trading hours.

Buying and selling are intuitive on the Fortrader platform. Trades are made between 10 and 100,000 units. Users can set both stop-loss and take-profit options to trade automatically. Your active positions can are viewable on a single page at the push of a button. Account information, such as balance and available margin, is also available.

Try Out Fortrade’s Demo Account

Fortrade offers users a demo account to familiarize themselves with the platform before making real investments. There are no time limits on the account, and you don’t have to put any deposit down beforehand. Fortradegives users 100,000 credits to invest in the demo account, allowing prospective users to try out many different trades.

How Does Fortade Compare With Other Brokers?

Fortrade has a lot in common with another attractive broker, Plus500 Ltd. Both offer many different assets on which to trade CFDs. They also both have their own proprietary trading platform. Unlike Plus500 Ltd, Fortrade lets users trade on the MetaTrader 4 platform if they feel more comfortable trading on a platform they already know. Either of these brokers could be a good fit for new investors.