Are you searching for Fortrade reviews in order to find out what is Fortrade, either is Fortrade.com scam or legit? If so, then you are absolutely in the right place because here, within our Fortrade review, we are going to provide the real truth about Fortrade.
Fortrade is a responsible and honest Forex broker offering very large underlying assets to trade, including cryptocurrencies. They offer both their own Fortrader platform as well as the MT4 platform on desktop, mobile, and web. Also, they are FCA authorized and regulated. Fortrade has been operating since 2011 and offers different assets such as Forex Pairs, Crypto Currencies, Market Indexes, Stocks, Metals, Energy Products, Agriculture Products, US Treasuries, and ETFs, see more.
Official Website: www.fortrade.com
Michelin House, 81 Fulham Road, London, SW3 6RD, United Kingdom.
FCA Registration Number: 609970
Fortrade Ltd which trades as Fortrade is a responsible and profoundly honest Forex broker offering a wide range of trading instruments covering more than 150 currencies, as well as commodity, index, and stock CFDs through their proprietary platform, as well as the traditional MT4. Fortrade is among the list of Forex brokers that charge no commission for trades executed but makes money from the buy/sell spreads on trading instruments.
The typical fixed spread on EUR/USD is 2. The maximum leverage on indices and commodities is 1:50, 1:10 for stock CFDs, and 1:200 for Forex pairs. The minimum initial deposit to open an account is $100.
They offer web-based, desktop, and mobile trading through their own Fortrader platform as well as on MT4.
Fortrade is out to develop the Forex and CFD field globally by ensuring products are available to investors which are affordable, fair, and competitive. Investors can accept a welcome bonus which is up to 30% of the initial deposit. It is important to note that this could be a trap for inexperienced traders and you are advised to read their bonus policy first.
One of the apparent features of Fortrade is the broker’s ability to offer myriads of choices in the form of a wide variety of trading instruments. BTC/USD, EUR/USD, and USDJPY are the most traded pairs. Their moral financial service authorization is not in question, they also provide responsible broker facilities to customers who need them.
Fortrade is regulated by the Financial Conduct Authority with trusted broker credentials. Authorization and monitoring by FCA ensure Fortrade stays true to its mission of offering Forex and CFD trading within intimated principles of innovation, transparency, fairness, and responsibility.
Fortrade infuses moral trading experience into Forex and CFD traders. The company has been providing financial services since 2011 and has shown considerable temerity, expertise, and knowledge in the Forex industry.
Expertise allows the broker to charge no commission on trade investment and with a reasonable spread on popular Forex pairs. Regulation by FCA also involves additional guarantees to clients’ funds, since they fall under the Financial Services Compensation Scheme.
A maximum leverage level of 1:200 is standard for the Forex market. With a website with virtually everything an investor needs, caring customer service, safe customer data handling, Educational support, and an easy-to-use trading platform available on desktop, mobile, and web-based.
Please consult the EA/Indicator’s provider for installation troubleshooting or any issues associated with the EA
Fortrade Review – Conclusion
Fortrade seeks to ensure investors are able to obtain a highly flexible and reliable trading platform that enables them to get started as soon as possible. Their broker service is structured with the recognition that those with low income can confidently open an account with as low as a $100 minimum deposit.
Investors are offered much-needed help as much as they can through educational support as well as understanding customer needs better. Satisfied customers for Fortrade are immense. In Readies, Fortrade holds 4.9 stars rating out of five stars and is appraised as an ‘A’ Forex broker.
How do I install an Expert Advisor on Fortrade (MT4) Platform?
To install an Expert Advisor for automated or algorithmic trading, follow these steps:
- Goto official website of Fortrade and download the MT4 platform
- Open the MT4 platform Select ‘File’ from the main menu
- Click on ‘Open Data Folder’ to bring up a new folder panel
- Select the ‘MQL4’ folder, followed by the ‘Experts’ file
- Drag and drop your EA file(s) into this folder
- Restart MetaTrader 4 for your changes to take effect
How to run expert advisors on the MT4 platform.
- Launch your MT4 platform.
- Look for the ‘Expert Advisors’ section under the Navigator panel on the left side of the platform. Click on the ‘Plus’ sign and the available EAs should be listed there.
- Click on the EA you want to install and drag it onto one of the charts on your platform.
- A pop-up box will appear showing the settings of your EA.
- Make sure that all the settings and alerts are correct before clicking OK.
How do I know if my EA is active?
Trading / Investing can be fun and even profitable, but you must be using a licensed and regulated broker. Every country has its own government agency that gives licenses to brokers. Below are some of the licensed brokers to use.
XM (XEMarkets) is a popular broker that has licenses from FCA United Kingdom and ASIC Australia.