Fortrade Review

Fortrade, a regulated online broker, has been offering 24-hour trading services in hundreds of trading instruments, including forex, commodities, stocks, indices, metals, energies, and ETFs, to over 10,000 private and institutional traders from across the globe. Besides FCA, it is regulated by several bodies like the Investment Industry Regulatory Organization of Canada (IIROC), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and National Bank of the Republic of Belarus (NBRB).

Founded in 2013, the broker is focused on simple and accessible trading for all, providing user-friendly platforms, such as MetaTrader 4 platform and their very own Fortrader web, mobile, and desktop platforms. They provide clients with a vast selection of educational materials and market analysis tools while offering quality trading conditions with no commission on trades, competitive spreads, and good execution speeds.

Markets

Fortrade has been offering a wide range of instruments to trade. It includes Forex Market, Indices, Stocks, Precious Metals, Energy Products, Agriculture Products, US Treasuries, ETFs, and Cryptocurrencies.

Platforms

Fortrade’s clients can choose between the popular MetaTrader 4 (MT4) trading platform and Fortrade’s very own platforms. Both platforms are available as desktop, web, and mobile trading terminals. MT4 is user-friendly and provides access to a range of trading instruments across different markets. It also supports custom indicators and automated trading strategies using expert advisors (EAs).

The Fortrader is the broker’s own trading platform with a user-friendly interface and many built-in technical indicators to aid market analysis and trading. The desktop application can be installed in Mac and Windows computers and allows users to trade over 150 forex currencies and CFDs, while the Fortrader web platform gives instant access to markets via web browsers. There are also mobile apps for iOS and Android devices to enable traders to stay connected and manage their accounts on the go.

Web Fortrader

Web Fortrader is an online trading platform that makes trading simpler, smarter, and safer. As an extension of Fortrade’s innovative trading products, it is an online trading platform that you can access from any PC, Mac, or mobile device equipped with a web browser and an internet connection. Web Fortrader uses all of the company’s technological advancement and trading advantages while retaining the original appearance and feel of the industry-leading software. That means you can login into your account, manage your open trades, and control your capitalisation exposure with a few touches of your finger. Web Fortrader is available on your computer through Chrome, Internet Explorer, Firefox, Opera, and Safari. Please ensure that you use an up-to-date mobile web browser while utilising a mobile or tablet device.

Mobile Fortrader

You can manage a whole investment portfolio. Fortrade’s mobile app is available for iOS and Android devices. Since it is practically equivalent in performance and capabilities to the desktop and web-based platforms, the mobile Fortrade platform delivers full-scale capability. Mobile Fortrader, as part of the trading platform suite, allows you to monitor, analyse, and trade a variety of equity derivatives utilising a single cross-device platform, saving you valuable time, money, and hassle. Using the app, you may practice your trading abilities with €10,000 in virtual money. Plus, if you’re ready, you can effortlessly switch to real money and return to practice again with the press of a button. It simplifies buying and selling currencies, stocks, indices, and commodities. Fortrader gives real-time data, applies corrections, and allows a speedy setup of new trades with ultra-high speed and accuracy because of its low memory and latency footprint. Its revolutionary trading system employs some of the most cutting-edge encryption technologies available, ensuring complete secrecy, anonymity, and the protection of your funds.

MetaTrader 4

If you want to trade with a conventional style, MT4 is there for you. You can access it via mobile and from your PC. It comes up with all the necessary ingredients that you need in trading. MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients, such as Fortrade.

Millions of traders with a wide range of needs choose MetaTrader 4 to trade in the market. The platform offers ample of opportunities to traders of all skill levels: advanced technical analysis, flexible trading system, algorithmic trading and Expert Advisors, as well as mobile trading applications.

Signals and Market additional services extend MetaTrader 4 frontiers. The Signals service allows you to copy trades of other traders, while the Market provides you with various Expert Advisors and Technical indicators that you can buy.

Tools

The broker also provides clients with a selection of useful trading tools, including the Trade Calculator, Currency Converter, and Trading Central.

Currency Converter Tool

Fortrade’s currency conversion tool takes advantage of real-time market rates, as shown in Fortrader trading platforms and applications. You can take advantage of an industry-leading and trusted solution utilised by thousands of corporate and private clients worldwide.

Margin Percentage Calculator

This calculator helps you calculate the needed Leverage (also known as Margin Level) for any tradable instrument available on the platform. With Fortrade’s Margin Calculator, you can determine how much margin is necessary to guarantee a position you want to open and alter its size appropriately.

Swap Rates Calculator

Swap rates determine the cost of holding a position overnight. This happens at 21:00 (GMT+0) on all trades that are open at the moment. Using the swap calculator, you can simply determine the swaps based on the instrument you are trading, your account currency, and deal size.

Pip Value Calculator

To get the actual value of your trading positions in the currency of your trading account, use the Fortrade PIP Calculator. This gives you a better knowledge of how your trade sizes are determined and, as a result, helps you succeed.

Education

The broker has a free online trading academy with a range of useful educational resources for improving traders’ knowledge and skills. They include webinars, ebooks, trading courses, trading videos, video tutorials, trading strategy news, and market analysis.

Trading Academy

Fortrade offers an online trading academy that is worth beneficial for its users. There is healthy learning content for new to advanced level traders. Forex & CFD eBooks are there, sharing the basic knowledge in the subject. Commodities and Futures contracts are taught in video form to increase your scope. Advanced ebooks make sure to cover maximum learning content for advanced-level learners. The dedicated forex ebook teaches you to trade smartly while including important topics like Trader’s Psychology and behaviour. Beginners are treated well and are taught all the basic concepts of trading. Forex Advantages, Basic Forex Terms, Winning Tactics, Types of Orders, and Glossary of Concepts is shared under this section. For advanced level traders, video content on commodities and futures contracts, CFDs, and Stocks is uploaded on the website. Trading videos on basic and advanced technical analysis, market analysis, trading psychology, capital management, and the key factors impacting an instrument are shared for a trader benefit. If you are a day trader, there is enough content to polish your skills on the website. You can follow any day trading strategy to become a successful trader. Trading language is a key to starting your career, so all terms and definitions are available on the website.

Seminars and Webinars

You can book your place for a webinar conducted by successful traders worldwide. You will surely learn the basic trading techniques sitting in your home.

Trading Central

Trading forex and CFDs is difficult, but it is not rocket science. You do not need years of higher education, training, or experience to effectively navigate the markets. All you need is a little assistance. Fortrade, in collaboration with Trading Central, provides a comprehensive set of technical analysis tools to assist you in making the finest and most informed choices on your online forex and CFD trading. You can grasp the fundamentals of charting and graphs, as well as what you can learn about market trends from them and how to use that information to your benefit. Naturally, there are no guarantees when it comes to forex and CFDs. However, the more you learn and comprehend, the less you leave to chance and the greater your profit potential. The Trading Central will be accessible on Android, iOS, the web, and the desktop. It is a market leader in comprehensive real-time research. Fortrade regularly introduces more in-depth technical analysis reports and powerful chart-pattern detection capabilities to its online trading platform, allowing you to optimise your profit potential.

Market Analysis

Under the market analysis section of the Fortrade, you get prudent analysis reports of trading instruments on a monthly and weekly basis. The reports comprising fundamental analysis mainly reveal the influence of events and decisions on a certain instrument. Besides, this economic calendar is there to guide on the key economic dates every trader must consider.

Conclusion

Fortrade is a regulated online trading broker that offers a good range of trading instruments on flexible trading platforms. They provide clients with vast educational materials and useful trading tools.