ForTrade Review 2024 (Expert Review)
ForTrade Review Summary
ForTrade is regulated by the Financial Conduct Authority, which governs all brokerage firms. It is a great choice for anyone interested in trading cryptocurrency, as well as stock trading. If you are considering using an online broker for your trading needs, ForTrade is one of the most popular options. The online brokerage has several benefits, and is scalable. They can scale their business without worrying about the number of customers. They make money by charging varying rates for different services. ForTrade offers Forex and CFDs trading to its customers.
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ForTrade Platform Features
๐บ๏ธ Country of regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) |
๐ฐ Trading fees | No |
๐ฐ Inactivity fee | No |
๐ฐ Withdrawal fee | No |
๐ฐ Minimum deposit | 100 |
๐ Time to open a ForTrade account | 1-3 Days. *A ForTrade demo account can be opened in a few minutes, but live ForTrade trading account creation times will vary depending on how long it takes to process your ForTrade KYC documents. |
๐ณ Wire Transfer | No |
๐ Depositing with electronic wallet | No |
๐ฑ Number of base currencies supported | 3 |
๐ฎ Demo account provided | Yes |
๐๏ธ Financial Instruments offered | Forex, Minors, Cryptocurrencies, Majors, Exotics, Bonds, |
ForTrade review
ForTrade Financial Regulation
ForTrade is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB).
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ForTrade Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using ForTrade include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using ForTrade can be that the spreads offered on trading financial instruments (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
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ForTrade Advantages
One of the main advantages of using ForTrade is around the clock service and support as well as research offerings. Not only this, but ForTrade has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of ForTrade with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with ForTrade makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. ForTrade offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- ForTrade offers Cryptocurrency Trading (Availability subject to regulation).
- ForTrade offers PayPal as a payment method.
- ForTrade offers Neteller as a payment method.
- ForTradeoffers Islamic Accounts.
- ForTrade offers Bitcoin Trading.
- ForTrade offers Hedging.
- ForTrade offers Scalping.
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ForTrade Disadvantages
Although ForTrade has a lot of good points ForTrade does not offer the below.
- ForTrade does not offer Stock Trading (See ForTrade alternatives who offer Stock Trading here)
- ForTrade does not offer Skrill as a payment method (See ForTrade alternatives who offer Skrill as a payment method here)
- ForTrade does not offer ECN trading (See ForTrade alternatives who offer ECN trading here)
- ForTrade does not offer the MetaTrader 4 platform (See ForTrade alternatives who offer the MetaTrader 4 platform here)
- ForTrade does not offer the MetaTrader 5 platform (See ForTrade alternatives who offer the MetaTrader 5 platform here)
- ForTrade does not offer the cTrader platform (See ForTrade alternatives who offer the cTrader platform here)
- ForTrade does not offer a Apple Mac desktop trading platform (See ForTrade alternatives who offer an Apple Mac desktop trading platform here)
- ForTrade does not offer Spread Betting (See ForTrade alternatives who offer Spread Betting here)
- ForTrade has inactivity fees (See ForTrade alternatives who do not have inactivity fees here)
Risk Warning: Your capital is at risk.
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Things to understand when trading with ForTrade
Trading with ForTrade involves risk. You should only risk capital with ForTrade that you can afford to lose. Understand your risk tolerance with ForTrade, and have a trading strategy that ForTrade is able to help you execute. ForTrade is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments ForTrade give you access too.
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ForTrade Trading Fees
Trading fees on ForTrade are taken in the form of the spreads ForTrade offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on ForTrade. ForTrade fees vary depending on the financial instruments traded and can include, ForTrade overnight funding fees, spreads, margins and ForTrade inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your ForTrade account charged by your 3rd party payment provider if your ForTrade base currency is different from your ForTrade withdrawal method.
Name | ForTrade | IC Markets | Roboforex |
Account Fees | No | No | No |
Withdrawal Fees | No | No | Yes |
Deposit Fees | No | ||
Inactivity Fee | No | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
ForTrade review
ForTrade Financial Instrument Fees
ForTrade fees for Forex, Minors, Cryptocurrencies, Majors, Exotics, Bonds, are listed below.
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ForTrade Stock Trading Fees
The majority of ForTrade trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A ForTrade stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
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ForTrade Forex Fees
Commission on ForTrade Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for ForTrade Forex fees is based on their trade size. To calculate ForTrade Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
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ForTrade Non Trading Fees
ForTrade non-trading fees include a variety of ForTrade brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the ForTrade trading platform. The most common non-trading fees include ForTrade withdrawal fees, ForTrade deposit fees and ForTrade inactivity fees.
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ForTrade Deposit Fees
ForTrade does charge deposit fees in some cases. When funding your ForTrade account there may be some ForTrade deposit fees which will vary depending on the payment method you use to deposit to your live ForTrade trading account.
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ForTrade Inactivity Fees
ForTrade does charge clients an inactivity fees for dormant ForTrade trading accounts. A ForTrade inactivity fee is a sum charged on ForTrade brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
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ForTrade Withdrawal Fees
ForTrade does not charge withdrawal fees. Withdrawals fees vary between ForTrade and ForTrade alternatives depending on where you are located and how much money you are withdrawing.
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ForTrade Account Fees
ForTrade does not charge account fees. Account fees charged differ between ForTrade and other brokers. An account is a fee that ForTrade and other brokers assesses on all accounts for the ability to keep an account on their platform.
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ForTrade Account Opening
The ForTrade account registration process is simple, user-friendly, and quick. Within 1-3 Days most ForTrade trading accounts are ready for live trades. Our ForTrade account was validated in 1 day, but live ForTrade trading account verification times will vary depending on the time it takes to process your KYC documents and ForTrade trading account application. A ForTrade demo account can be opened in a few minutes.
ForTrade trading accounts are available in over 194 countries. ForTrade is restricted in the following countries.
Apart from the restricted countries a ForTrade trading account can be opened globally.
The ForTrade trading platform is available for residents in US. Some financial instruments ForTrade offer may be restricted in your country.
- Fast ForTrade account opening.
- ForTrade accounts can be opened and KYC can be verified digitally.
- ForTrade minimum deposit is 100 USD / GBP / EURO.
- ForTrade trading account verification may be held up for longer than a day if there is an issue with verifying your account.
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ForTrade Deposit And Withdrawal
ForTrade Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
USD, GBP, EUR are supported by ForTrade as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
ForTrade offers the following account USD, GBP, EUR.
When trading make sure your ForTrade trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. ForTrade has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
Name | ForTrade | IC Markets | Roboforex |
Number Of Currencies | 3 | 10 | 4 |
Base Currencies | USD, GBP, EUR | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
ForTrade review
ForTrade Deposit Fees and Deposit Methods
Investors can log in to their ForTrade trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their ForTrade trading accounts from an existing bank account or send the funds through a wire transfer or online check.
ForTrade Deposit Fees
Making a deposit on your ForTrade account is free.
ForTrade Deposit Methods
There are several methods through which you can deposit money into your ForTrade account. One can use a credit or debit card and ForTrade accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your ForTrade account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your ForTrade account. Funding methods for ForTrade include Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer,.
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ForTrade Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your ForTrade brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open ForTrade positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your ForTrade account.
Name | ForTrade | IC Markets | Roboforex |
Funding Methods | Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer, | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, |
Withdrawal Fee | No | No | Yes |
Deposit Fee | Varies | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
ForTrade Fees When Withdrawing Your Account Balance
ForTrade do not charge withdrawal fees. Some withdrawal fees are out of the control of ForTrade and may be due to 3rd party payment providers and your account base currency.
ForTrade Withdrawal Methods
Log into your ForTrade trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your ForTrade account to your bank account. To withdraw money from your ForTrade account you can use credit or debit cards. ForTrade processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as ForTrade processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
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ForTrade Trading Platforms
As there are a number of tradable financial instruments available on the ForTrade trading platform. Before investing in the ForTrade platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The ForTrade platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. ForTrade offer livechat, phone, and email support.
If you struggle with technology, you need to consider the level of support on ForTrade is available. Another thing to consider is your financial goals. Make sure that a ForTrade account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a ForTrade account. Ensure that ForTrade allows you to focus on the type of trading that you want to focus on.
Make sure ForTrade is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using ForTrade, think about how easy it is to use for your personal needs. Does the ForTrade platform offer real-time updates or delayed updates that are more informed? Remember to check if ForTrade is well regulated, and what tradeable financial instruments ForTrade has. Security is very important when it comes to trading with ForTrade.
ForTrade Web Trading Platform
A ForTrade web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through ForTrade which acts as a financial intermediary. ForTrade is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the ForTrade mobile trading platform.
ForTrade Apple IOS Trading Platform
A ForTrade iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
ForTrade Google Play Android Trading Platform
A ForTrade Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
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ForTrade Mobile Trading User Experience
ForTrade mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. ForTrade mobile trading refers to trading using a mobile phone.
Leading brokerages like ForTrade offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire ForTrade portfolio. All an investor needs is a Web-enabled smartphone and a trading account with ForTrade. Once you have download the ForTrade trading app, you are ready to begin.
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ForTrade Desktop Computer Trading Platform
A ForTrade computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The ForTrade desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The ForTrade desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
ForTrade MetaTrader 4
MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.
ForTrade PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using ForTrade. A trading computer with access to a ForTrade PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
ForTrade Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the ForTrade trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the ForTrade trading platform is very user friendly on a Mac device.
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ForTrade Trading Look And Feel
The ForTrade user interface (UI) is what ForTrade traders will see and interact with first when trading with the ForTrade trading platform. The ForTrade is well designed. The goal of the ForTrade trading UI is to make the ForTrade user's experience intuitive. The ForTrade application has good user experience and a good level of customer satisfaction.
ForTrade Security
ForTrade is a secure trading platform. ForTrade offers traders security via 2 factor authentication, SSL encription when trading with ForTrade. ForTrade trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with ForTrade. Rate limitation on ForTrade suspicious account activities is another layer of protection that is provided for ForTrade trading accounts, for example multiple failed login attempts with ForTrade. You have the option to further safeguard your account by using ForTrade Two-Factor Authentication (2FA), which provides an extra layer of security.
The ForTrade trading infrastructure is constantly watched and guarded by a trained team at ForTrade In addition, ForTrade never send sensitive information without first encrypting on the ForTrade trading platform using transport layer security (TLS) and SSL.
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Placing A Buy Or Sell Order On ForTrade
Available ForTrade order types. # market, limit, stop, stop limit, Good until end of day / canceled.
ForTrade Market Order
A ForTrade market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. ForTrade market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. ForTrade market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
ForTrade Limit Order
A ForTrade limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
ForTrade Stop Order
A ForTrade stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
ForTrade Stop Limit Order
A ForTrade stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The ForTrade stop-limit order triggers a limit order when a stock price hits the stop level. A ForTrade stop-limit order can be helpful when trading if you are unable to watch your trades all day.
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ForTrade Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
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ForTrade Trading Platform Features
Online trading platforms like ForTrade are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with ForTrade. The ForTrade trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using ForTrade.
ForTrade Margin Trading
ForTrade margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, ForTrade margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
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ForTrade Account Types
ForTrade Demo Account
ForTrade offers demo accounts that gives traders the ability to purchase and sell ForTrade financial instruments in a practice environment, using fake ForTrade digital money and live market conditions and data. When you practise on a ForTrade demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the ForTrade platform. ForTrade demo accounts allow you to experience and practice a variety of market charts, ForTrade trading indicators, and trading strategies using ForTrade.
ForTrade Standard Account
ForTrade offers a standard trading account, allowing ForTrade traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich ForTrade trading platform.
ForTrade STP Account
ForTrade STP (Straight Through Processing) account is a ForTrade trading feature that involves sending ForTrade client orders directly to the market without passing them through a dealing desk. A ForTrade STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.
ForTrade Islamic Accounts
ForTrade islamic accounts respect Islamic finance law. ForTrade swap free accounts do not accumilate interest and ForTrade transactions are actioned immediately. A ForTrade Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using ForTrade following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with ForTrade Islamic accounts do not pay or receive interest rates.
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ForTrade Tradable Financial Instruments
ForTrade tradable financial instruments are the financial instruments that are specifically available to trade on the ForTrade trading platform. This refers to the different types of financial markets you can trade with through ForTrade. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on ForTrade.
Name | ForTrade | IC Markets | Roboforex |
CFD Trading | Yes | Yes | Yes |
Stock Markets | 190 | 2100 | 53 |
ETFs | 3 | No | |
Fractional Shares | No | Yes | |
Cryptocurrencies | Yes | Yes | No |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
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ForTrade Trading Stocks
Stock trading with ForTrade is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with ForTrade; if you possess the stock on ForTrade, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on ForTrade involves purchasing and selling stocks and share using ForTrade periodically in order to time trades against the stock markets, with the aim of using ForTrade to profit from your stock trading. ForTrade stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on ForTrade. Stock traders on ForTrade conduct significant study, frequently dedicating several hours every day to market monitoring using ForTrade trading tools.
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ForTrade Trading ETFs
What Are ETFs
ForTrade offers ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
ForTrade does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
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ForTrade Trading Cryptocurrencies
ForTrade offers cryptocurrency trading.
Cryptocurrency trading can be conducted using ForTrade to buy and sell the cryptocurrency financial instruments on ForTrade. Cryptocurrency trading can also be done using a cryptocurency CFD ForTrade trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using ForTrade. A CFD is a high risk leveraged trade between the trader and the ForTrade brokerage. No underlying assets are exchanged with a ForTrade CFD contract, it is purely speculation on the crypto financial instruments price movements with ForTrade. ForTrade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if ForTrade CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.
The volatility of cryptocurrencies is the biggest source of risk when trading them with ForTrade. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with ForTrade.
Cryptocurrency trading is not offered by ForTrade, so you will need to find a ForTrade alternative that allows you to buy and sell the underlying cryptocurrency assets. ForTrade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a ForTrade alternative and make sure you undertand the risks fully before trading.
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ForTrade Forex Trading
Forex trading with ForTrade is a method through which to invest money which involves trading one currency for another in a Forex currency pair with ForTrade. The main aim of ForTrade Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with ForTrade. As a ForTrade Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like ForTrade. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like ForTrade. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on ForTrade.
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ForTrade Commodities Trading
Commodity trading is a type of trading available on ForTrade where individuals or businesses buy and sell financial instruments using ForTrade related to commodities, such as metals or oil.
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ForTrade Options Trading
ForTrade options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. ForTrade option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
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ForTrade Futures Trading
Futures trading with ForTrade is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using ForTrade to facilitate the trade. A ForTrade futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on ForTrade. Typically, futures contracts are traded on an exchange such as ForTrade; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling ForTrade trader to the contract agrees to provide it.
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ForTrade Bonds Trading
Bonds trading on ForTrade is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the ForTrade trader. Bonds can be bought and sold on ForTrade after they are issued. While some bonds are traded publicly through ForTrade, most trade over-the-counter between large broker-dealers like ForTrade acting on their clients' or their own behalf. Yield is therefore based on the ForTrade purchase price of the bond as well as the coupon.
ForTrade CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
Name | ForTrade | IC Markets | Roboforex |
Forex CFD | 70 | 61 | 35 |
Index CFD | 25 | 30 | |
Stock CFD | 100 | 110 | 8400 |
ETF CFD | 30 | 50 | |
Commodity CFD | 20 | 20 | |
Crypto CFD | Yes | Yes | No |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
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ForTrade Trading Research Tools
Taking advantage of ForTrade trading research tools which are designed to help traders analyse potential investments using the ForTrade trading platform. Some ForTrade research tools include charts, technical analysis, and ForTrade trading indicators.
ForTrade Trading News
Traders can follow the markets and make wise investment decisions on ForTrade by using the news to help form a strategy when it comes to choosing investments. A ForTrade news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
ForTrade Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A ForTrade economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
ForTrade Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. ForTrade fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
ForTrade Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on ForTrade are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
ForTrade portfolios
Trading portfolios are useful when trading with ForTrade.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A ForTrade trading portfolio is a traders collection of investments, which may include a variety of ForTrade financial instruments.
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ForTrade Payment Methods
A ForTrade payment method is required to fund your ForTrade trading account before placing a buy or sell order on a financial instrument.
When trading with ForTrade, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that ForTrade do not have any control over.
Name | ForTrade | IC Markets | Roboforex |
Payment Methods | Bitcoin Payments, MoneyGram, Neteller, PayPal, Skrill, Visa | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
ForTrade review
ForTrade Withdrawl Methods
When trading with ForTrade at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your ForTrade account balance. ForTrade may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your ForTrade account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
ForTrade Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your ForTrade account.
Withdrawal requests can take up to three business days to be processed by ForTrade.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your ForTrade should arrive in less than 24 hours.
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ForTrade Customer Support
Customer support represents the resources within the ForTrade company that provides technical assistance to its customers after they use the ForTrade service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
ForTrade offer email, livechat, phone, customer support.
ForTrade Email Support
ForTrade offers email support.
Email support is a a convenient method of ForTrade customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from ForTrade regarding your support request.
ForTrade Livechat Support
ForTrade offers livechat support.
ForTrade live chat support is a way for customers to obtain help from ForTrade through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
ForTrade Telephone Support
ForTrade offers telephone support.
ForTrade telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the ForTrade call centre to give or take information.
ForTrade Average Support Response times
Contact Method | Average Response Time |
---|---|
ForTrade Live Chat | 4 minutes |
ForTrade Email | 6 hours |
ForTrade Phone | 5 minutes |
We tested the customer service response times of ForTrade on Monday, December 9, 2024.
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ForTrade Educational Resources
ForTrade educational resources are used throughout the ForTrade learning environment to help and assist with customer's development and learning of trading on ForTrade. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using ForTrade trading tools. Educational resources like some of the resources available with ForTrade are a good as part of a wider set of educational guides and information from else where online.
Some of the ForTrade trading guides and information that we found useful included trading strategies videos, platform tutorials, market news, expert webinars.
ForTrade Trading Platform Tutorials
ForTrade offer a range of learning resources and tutorials and guides made available to registered ForTrade users. The ForTrade guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate ForTrade users on basic trading principles.
ForTrade Trading Videos
ForTrade offer a selection of online trading videos.
Trading videos on ForTrade help new and even more experienced investors gain insights into ForTrade technical analysis tools and how the different financial markets work when trading on ForTrade.
ForTrade trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs. Some ForTrade training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using ForTrade to trade live financial markets.
ForTrade Webinars
ForTrade offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of ForTrade clients who participate by asking questions, replying to polls, and using other interactive technologies available on the ForTrade trading platform.
ForTrade review
ForTrade Financial Regulation When Trading
Financial regulations on ForTrade protect consumers' investments. Regulations prevent financial fraud and limit the risks that ForTrade as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. ForTrade financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is ForTrade Regulated?
ForTrade is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB).
ForTrade is licensed by financial regulators in certain jurisdictions. You can find out if brokers like ForTrade are licensed in your country, if they have had run-ins with regulators, or received serious complaints from ForTrade investors, directly with financial regulators in your country.
ForTrade Regulatory Protection Limits
When registering with ForTrade you must check with regulatory body your ForTrade trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your ForTrade account is over seen by. ForTrade client funds are stored in segregated 3rd party bank account in accordance with ForTrade financial regulators.
Client country | Investor protection amount | Regulator |
---|---|---|
United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
ForTrade Trading Signals
ForTrade offers trading signals to ForTrade clients.ForTrade trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A ForTrade trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the ForTrade trader to then decide whether or not to act on the signal.
Make sure you understand the risks of trading signals.
How does ForTrade make money?
Because ForTrade acts as an intermediary, ForTrade gets compensated on buy and sell transactions of financial instruments. As a result, ForTrade profit is determined by the volume and number of transactions. ForTrade earns revenue to fund their ForTrade platforms and wide range of trading services through market spreads.
Can you buy shares on ForTrade?
ForTrade does not provide customers with real company shares trading. ForTrade offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and ForTrade on the speculative up or down price movement on an agreed stocks price movement.
Does ForTrade offer Cryptocurrency?
ForTrade does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.
ForTrade Lower fees, lower costs?
ForTrade have reasonable trading fees and costs. ForTrade do not charge a deposit fee. ForTrade may charge a withdrawal fee. Some withdrawal fees are out of the control of ForTrade and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
ForTrade minimum deposit is 100 USD / GBP / EUR.
How to start your ForTrade account?
You can sign up for a live or demo ForTrade trading account by visiting ForTrade and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an ForTrade account here.
How's the ForTrade trading app?
ForTrade allow traders to trade financial markets on iOS, Android supported mobile devices.
You can tryout the ForTrade trading app here. Your capital is at risk
Is the quality of ForTrade customer service satisfactory?
ForTrade have average customer support offering support through email, livechat, phone, support options.
Is this broker good for new traders?
ForTrade is a good trading platform for new traders as ForTrade offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from ForTrade?
ForTrade offer a good selection of withdrawal options. Once ForTrade have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best ForTrade Alternatives Reviews
If ForTrade isnt quite what you are looking for you can check out some of the best ForTrade alternatives below.
- IC Markets Review (read our in depth 2024 review)
- Roboforex Review (read our in depth 2024 review)
- AvaTrade Review (read our in depth 2024 review)
Best ForTrade Alternatives In Detail
If you would like to see ForTrade compared agains some of the best ForTrade alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
- Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
- AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)