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  5. Fortrade

The broker was established in 2010. Among its perks are low minimal deposit (just 5 USD), variety of trading terminals However, there are some concerns that should be considered, for example, it is not regulated by any reputable financial authority. It offers around 50 currency pairs for Forex. There are no options for futures and the list of crypto could be better

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  • Fouded

    1992

  • Min deposit

    1$

  • Min withdrawal

    1$

  • Withdrawal fee

    no

  • Inactivity fee

    no

  • Min bet

    0.01 lots

  • Max. leverage

    1:400

  • Withdrawal of funds

    1-15 working days

  • Asset type

    Forex, CFDs, Stocks, Indices, Commodities, Currentcies

  • Regulated

    FCA. ASIC, IIROC

  • Deposit with credit card

    Visa, Mastercard, Maestro, Bank transfer

  • Depositing with electronic wallet

    PayPal Payoneer Neteller

  • Withdrawal

    Visa, Mastercard, Maestro, Bank transfer, PayPal, Payoneer, Neteller

  • Avalaible plamform

    Fortrader Web, Fortrader Desktop and Fortrader Mobile( IOS, Android),MT4

  • Company registration

    Fortrade LimitedMichelin House 81 Fulham Road London SW3 6RD UNITED KINGDOM

  • Availability

    Not accessible in United States and Belgium

  • Contacts

    support@fortrade.com

    +44 203 966 4505

Pros

  • Extensive educational tools available, however, this may be quantity over quality

    Handy tutorial to help get you started with the platform

    Islamic accounts available and run in accordance with Sharia law (these require a min. deposit of $2,000, however)

Cons

  • International Telegraphic Transfer (TT) Fees are passed onto the customer for withdrawals (approx. $40)

    Fees charged for wire transfers and these can take up to 5 business days to process

    Withdrawals can take up to 15 business days for debit/credit cards

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