Fortrade is regulated across four jurisdictions (CySEC, FCA, ASIC and CIRO) and offers its own proprietary Fortrader platform in addition to MT4.
| Regulated entity | Fortrade Cyprus Ltd |
|---|---|
| Regulation | CySEC No. 385/20 + FCA No. 609970 |
| Other Tier-1 regulators | ASIC, CIRO |
| Founded | 2013 |
| Headquarters | London, UK |
| Minimum deposit | $100 |
| Avg. spread (EUR/USD) | 2.5 pips |
| Platforms | MT4, Proprietary (Fortrader) |
| Instruments | 300+ instruments including about 60 forex pairs, 15 cryptocurrencies and 150 stock CFDs |
See Fortrade's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | One independent review explicitly notes Fortrade offers only a single live account type (a Real Trading Account) plus a demo account; an Islamic/swap-free variant can reportedly be arranged by emailing support after standard registration, rather than as a self-service separate tier. |
|---|---|
| Execution model | Fortrade runs its own proprietary platform ("Fortrader") alongside MT4, but sources found don't explicitly classify it as market maker, STP or ECN -- treat its execution model as not independently confirmed rather than inferring one from its single-account, proprietary-platform structure. |
| Withdrawals & deposits | No Fortrade deposit fee; minimum deposit $100. Methods include Visa/Mastercard, bank wire, Skrill, Neteller and Bitcoin. Processing: cards instant to 2 days, wire 1-5 days, e-wallets instant to 1 day, Bitcoin 10 minutes to 1 hour. Withdrawals follow a strict back-to-source policy (funds returned to the original deposit method up to the deposited amount); any bank withdrawal fees are passed to the customer, cited at around $40, with full processing taking up to 5 business days. |
| Overnight financing (swap) | No commission is charged on trades; swap/financing fees apply by asset class (day-to-day calculation not detailed beyond asset-class examples). On the Islamic/swap-free account, rollover interest is replaced by markup charges -- for example, weekly rates on stocks/ETFs, and other instrument classes charged at a reported 7x the regular daily swap on the Wednesday-to-Thursday rollover (the standard triple-swap day), pro-rated for positions opened or closed within that window. |
| Currency conversion cost | Not found -- no Fortrade-specific conversion fee or percentage was located. |
| Inactivity fee | A $10/month administrative fee, triggered after a grace period of 6 consecutive months (one source instead cites 365 days) with no transactions, recurring monthly thereafter. |
| Customer service | Trustpilot sentiment is mixed -- praise for transparency and support sits alongside complaints about aggressive sales-call pressure, a recurring theme in reviews specifically about Fortrade. |
| Mobile experience | One ranking aggregator cites around 3.5 on iOS and 4.2 on Android, with Fortrade ranked comparatively low (77th) among CFD brokers reviewed in that same source -- treat as an approximate, single-source figure. |
| Educational offering | Described as a genuine strength, including an integrated trading academy and demo account, alongside FCA/CySEC regulation and MT4 availability; the same reviews note slower withdrawals, wider-than-average spreads on some assets, and the single account type as drawbacks. |
See how Fortrade's spread cost compares across every researched broker → · Forex broker fees explained
Is Fortrade regulated?
Yes -- CySEC No. 385/20 + FCA No. 609970. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if Fortrade fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
What is the minimum deposit at Fortrade?
Our research confirms a minimum deposit of $100.
What trading platforms does Fortrade offer?
Fortrade offers MT4, Proprietary (Fortrader).
What is Fortrade's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 2.5 pips. See our cost calculator to compare this across every broker we've reviewed.
When was Fortrade founded?
Fortrade was founded in 2013.
How is Fortrade's overall score calculated?
Fortrade currently scores 3.09/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
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