ForTrade Overview
Website: www.fortrade.com
Telephone: +44 (0) 207 691 7996
Regulation: FCA
Pairs offered: 52 Pairs including Majors, Minors, Exotics & Bitcoin
Minimum Deposit: $100
Spreads From: 2 PIPs
Max Leverage: 200:1
Markets: Currencies, Indices, Stocks, Precious Metals, Energy Products, Agriculture Products, US Treasuries & ETFs

ForTrade Broker Review

Overview/ background

ForTrade is a premier provider of CFD trading options and FX trading options. The company was established in 2013, and has quickly become an industry leader. It is based out of the United Kingdom, and was developed by currency trading specialists and technical gurus. The trading platforms available at ForTrade allow for quick-click execution of trades, 300+ currencies and a wide range of CFD indices, stocks and commodities. ForTrade is 100% licensed and regulated by the FCA (Financial Conduct Authority) of the United Kingdom, with reference #609970. Traders can access a desktop platform, a web platform, and a mobile trading platform for all the CFD trades at this online brokerage.

 

Account Types

Upon registration, traders have the option to open a free €10,000 practice account. No deposit is needed to get started. You simply enter your email address and a password, or you can sign up with Facebook. To start trading, you will need to download the ForTrade software known as ForTrader for Android smartphone/tablet, iPad, iPhone, Mac or PC. There is a practice mode account and a real mode account – those are your options at this CFD brokerage. If you wish to switch between the practice mode and the real mode, you simply click on the button titled Switch to Real button. It is imperative to register a real-money account before you start trading with real money.

 

Trading Platform/ software

The trading platform/software is available for desktop and mobile devices. You can simply download ForTrader to your PC to get started. The trading software can be downloaded in 4 steps. It is easy to use, especially for beginners. Professional traders will find the trading software and the trading platform much to their liking. Desktop clients get to access multiple added benefits including the ability to trade a wide range of derivative products, track their performance and analyze their movements in the market. Plus, you also get to enjoy risk-free practice trading on the demo platform with a virtual money balance of €10,000.

The user-friendly trading platform at ForTrade makes it easy for you to trade CFD stocks, indices, commodities and currencies at the click of a button. The trading software requires low memory, but offers maximum functionality and rapid trading. All the trading software is guaranteed secure, with SSL technology and the highest encryption protocols. There are also advanced order types available on the platform including Stop Loss and Take Profit. The trading platform and software are fully compatible with Windows XP, Vista, Windows 7, and Windows 8. Presently, the desktop platform is not compatible with Mac or Linux, but there are plans in the pipeline.

For mobile traders, it is easy to download the Android trading app for iPhone/iPad trading direct from ForTrade. With the mobile trading apps, you also enjoy 100% risk-free demo trades, quick-click trading, full-scale functionality, and an intuitive user interface. Advanced order types are also available on the mobile trading platform, with Pending Orders, Take Profit and Stop Loss available. Like the desktop software, the mobile trading platform is low memory and powerful. In all instances, a wide range of products are available including currencies, precious metals, US Treasuries, exchange traded funds, stocks, indices, energy products, and soft commodities.

 

Deposit options

Deposit options include Skrill, Neteller, bank transfers, credit cards, debit cards and the like. The minimum initial deposit is $100/€100/£100, but the recommended minimum deposit is $500/€500/£500. The deposit options are guaranteed secure, and include Visa, MasterCard, American Express, Skrill, Neteller, and Wire Transfer.

 

Markets

This CFD brokerage offers multiple products, including currencies, precious metals, US treasuries, stocks, energy products, ETFs, indices and agricultural products. At ForTrade, you can trade all of these products:

Currency Pairs – AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/JPY, AUD/CAD, AUD/JPY, CAD/CHF, CAD/JPY, CHF/JPY, EUR/GBP, GBP/JPY, EUR/NOK, USD/DKK, USD/ILS, USD/ZAR, and BTC/USD (digital currency).

Indices – CFD indices trading is available on the ASX 200, CAC 40, DAX 30, Dow 30, EuroStoxx, FTSE 100, FTSE MIB, HSI, NASDAQ 100, Nikkei 225, Russell 2000, S&P 500 and the SMI.

Stocks – a wide range of stocks is available across Europe, the Americas and other countries. Popular UK stocks include Associated British Foods, BAE Systems, BATS, Carnival, Compass Group, SSE, Standard Life, Vodafone, WorldPay Group and others. Popular US stocks include Amazon, Alibaba, Bank of America, Berkshire Hathaway, Boeing, Disney, Exxon Mobil, Facebook, Ferrari, Goldman Sachs, HP, JP Morgan, McDonald’s, Netflix, Nintendo, P&G, Twitter, Walmart, and Zynga.

Precious Metals – these include copper, gold, palladium, platinum, and silver. All precious metals are traded in a CFD format.

Energy Products – Brent crude oil, heating oil, natural gas, crude oil, and gasoline are available for CFD trading.

Agriculture Products – these include cocoa, cotton, soybeans, sugar, wheat, cotton, and corn.

US Treasuries – CFD trading on 5-year US treasury notes, 10-year treasury notes and 30-year bonds are available.

Exchange Traded Funds – 3 exchange traded funds (ETFs) are available including USO oil fund, TQQQ and SQQQ.

 

Bonuses

There are 2 unique bonuses at ForTrade. These include a balance bonus (when you make a deposit into your account) and a credit bonus. Details of these bonuses are available on site and they are at the discretion of management. Traders must contact the support desk to find out further information about the available bonuses.

 

Customer Support

Customer support is available by clicking the contact us tab. Live chat and support is available, including fax (+44 (0) 207-691-7996). The postal address is Michelin House 81 Fulham Rd., London SW36 RD, UK. Customer support can be addressed to the following email address: [email protected]. General inquiries can be addressed to [email protected]. Technical support questions can be forwarded to [email protected] as well.

 

Safety

ForTrade is SSL secure. It subscribes to all the rules stipulated by the FCA (Financial Conduct Authority) of the United Kingdom.

 

Ease of Use

The trading platform and software at ForTrade is easy to use. Beginner trading courses are available, as well as advanced trading courses. The Academy also provides day trading strategies, videos and other useful resources. A wide range of products is available including ETFs, US treasuries, currencies, stocks, energy products, indices, agricultural products, and energy products. You will certainly find enough variety available when trading CFDs and Forex online.

 

Final Thoughts

ForTrade is great for CFD trading. It offers mobile, desktop and web trading software. It is fully compatible with iOS (iPhone and iPad). The safety and security of the platform is particularly notable. Trading is made simple and easy, and the FCA regulation assures traders that full trust and transparency is in play at all times. With CFD trading at ForTrade, you can make money off rising or falling markets.

Pros
  • Regulated by the FCA
  • Minimum deposit of only £100
  • Over 300 tradable instruments
  • Easy-to-use platform; available in multiple languages
Cons
  • Does not accept U.S traders
  • Spreads information is not clear
  • Limited deposit options
  • No information on bonuses
ForTrade Overview
Website: www.fortrade.com
Telephone: +44 (0) 207 691 7996
Regulation: FCA
Pairs offered: 52 Pairs including Majors, Minors, Exotics & Bitcoin
Minimum Deposit: $100
Spreads From: 2 PIPs
Max Leverage: 200:1
Markets: Currencies, Indices, Stocks, Precious Metals, Energy Products, Agriculture Products, US Treasuries & ETFs
Pros
  • Regulated by the FCA
  • Minimum deposit of only £100
  • Over 300 tradable instruments
  • Easy-to-use platform; available in multiple languages
Cons
  • Does not accept U.S traders
  • Spreads information is not clear
  • Limited deposit options
  • No information on bonuses