ForTrade Review

1.108 • 15 REVIEWS
Fortrade Ltd
Updated: Mar 13, 2024
ForTrade.com(.eu)

ForTrade is a forex broker regulated by FCA, NBRB (Belarus), IIROC (Canada), CySEC, and ASIC. The broker is also listed on Canadian Investor Protection Fund.

ForTrade offers MetaTrader 4, Web, and Mobile Fortrader proprietary platforms. You can trade over 300 CFDs on Forex, Commodities, US treasuries, Precious Metals, Indices, Stocks, Crypto Futures, and ETFs.

The broker features Trading Central and internal trading analysis content.

Please read ForTrade reviews below and share live trading experiences with this broker.

Other websites of this company include fortrade.com.
ForTrade.eu is part of Fortrade Ltd group. Known members of this group include GCMAsia.com.

Broker Details

Minimum Trade Size: Unknown
Maximum Leverage: 30:1
Minimum to Open Live: $100
Established: 2014
Address: Michelin House, 81 Fulham Road, London, SW3 6RD, United Kingdom
Contact: support@fortrade.eu, +44 203 966 4506
Regional offices:
Regulators: NBRB #(FRN): 193075810, FCA #609970
Prohibited countries:
Trading platforms: MT4, WebTrader, MobileTrader (MobileApp)
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (50+)
Cryptocurrencies: (4) Bitcoin, Litecoin, Ethereum
CFD: (240+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill, WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill, WebMoney
* Please check broker website for more information
1.108 • 15 REVIEWS

Recent User Reviews of ForTrade

F
francek
Croatia, Croatia,
Nov 9, 2023,
Registered user

Fortrade Senior Account Manager Covert Cheating Tactics

Service use: Live Length of use: 0-3 Months
I want to inform that Fortrade's Senior Account Manager David K contacted me for opportunities in Gold,Crude oil,Natural Gas etc..
He suggest me which position I should open and when is the best to close. I would like to stop but he suggest me to pay and I will earn more.
In the start I make some money but after that he told me to add money to open big positions in Crude oil because it will go up on earning releases.
Everything start moving down with a hard downtrend and i start loosing money and they always tell me that will go up and to add more until i lost 22000$
Now he is calling me and forcing to invest more but I do not have additional 8000€
He ruined my life and force me to borrow money and invest. I try to contact Fortrade but no answer.
A
anatoliymikhalov2000
Ukraine, Ukraine,
May 27, 2022,
Registered user

Service use: Live
Fortrade broker does not return deposits, does not withdraw funds, my account: 24731299 I have not been able to withdraw funds for more than a month, support simply does not answer, they say in the chat “this is not for us”, the manager writes that the withdrawal does not work! Fraudsters!
D
D
Zagreb, Croatia,
Nov 13, 2021,
Guest

SCAM

Service use: Live Length of use: 3-6 Months
They use many tactics to make you lose money, they call you regulary and play with you offering "advices" which are mostly wrong and focused on tricking you to lose your money, also use slipping to take away your money when close to stop loss, sometimes blocking app to mess with you and surely many other trained procedures
1 trader has found this review helpful
H
Hamed Samandijan
Vancouver, Canada,
Mar 3, 2021,
Registered user

THEY'RE NOT RELIABLE COMPANY

Service use: Live Length of use: 3-6 Months
THEY'RE NOT RELIABLE COMPANY. I'm in Canada and they called me from Europe with Canadian numbers. They're just a registered company in Canada. For starting they called me almost every day until I put my money in. They ensured me that their system doesn't allow customers to lose their money and we help our customers to avoid losing their money. But during the negative market, nobody called me and give me any advice on what to do. I lost all my money and nobody is responsible.
They have limited stock companies and withdrawing process money is complicated too.
I don't recommend this company and stay away!
S
semihbalan
istanbul, Turkey,
Dec 2, 2020,
Registered user

i got my money back but its too late so i dont trust and dont recoment this

Service use: Live Length of use: 0-3 Months
scammers stay a way
i got my money back but its too late so i dont trust and dont recoment this company

Oct 12, 2020 - 1 Star i deposit 100 dolar and i try to withdraw my money and i got noting and they are still lieing to me

Oct 3, 2020 - 1 Star they stole my 100 dolar and they wont give me back
im still wating they are scammers stay a way guys
T
Tamarapl
SPLIT, Croatia,
May 21, 2020,
Registered user

terrible

Service use: Live Length of use: 6-12 Months
.DAY 17.04. IN THE CONTRACT WITH BROKER OF FORTRADE, WE DEPOSED 30,000 EUR TO FREE OUR POSITIONS WHICH WERE IN STOP OUT (THE COST OF THE CLOSING POSITION WAS -33,348.71 EUR).
ON 21.04., THE DEPOSIT WAS PAID AND THE POSITIONS ARE RETURNED AT THE PRICE OF 27,070 (2 LOTS), 26,720 (1 LOT), 26,500 (1 LOT), NOT AT THE PRICE WHICH WAS AT THE STOP OUT 18,040 (2 LOTS), 17,610 (1 LOT) ), 17,610 (1 LOT).

IT MEANS THAT WE WERE TWO TIME CHARGED FOR THE SAME COST WHEN RETURNING THE POSITION.AT THE END THE EXPENDITURE ON THE ABOVE ITEMS WAS -73,314.38 EUR.
THEIR BROKER'S MISTAKES MAKE OUR POSITION IN THE FAILURE.
I LOST 190.000 EUR,AND NOBODY ANSEWER TO MY CALL,I WRITE TO THEIR COMPLIANCE,BUT NOBODY ANSEWER ME (I WRITE 4 WEEKS AGO)
2 traders have found this review helpful
T
Reply by Fortrade_For_Trading submitted Jun 11, 2020:
Please contact our support team at support@fortrade.com, or call +44 203 966 4505 and they will be happy to help.
A
alijee09
Pakistan, Pakistan,
Apr 23, 2020,
Registered user

3 Years Passed Still Withdrawal Not Approved

Service use: Live Length of use: over 1 Year
My Name is jawad my account number 22803406 i have 5528USD in my account still from 3 Years they are not approved my withdrawal Also they are not replay my email i suggest you please stay away from these scamer who write coment that fortrade is good they are compny person please stay away they are not giving me withdrawal option also trade is fully disabled . stay away they are scamer
3 traders have found this review helpful
A
Reply by Fortrade_For_Trading submitted Jun 11, 2020:
I am sorry to hear that there was such a problem with you making a withdwarwal. Please contact our support team at support@fortrade.com, or call +44 203 966 4505 and they will be able to get to the bottom of whatever happened.
R
rabihfx
conakry, Guinea,
Feb 22, 2020,
Registered user

my experiance is not good with fortrade

Service use: Live Length of use: 3-6 Months
an account manager contacted me for opprotunities.
about apple opportuniny and marijuana stocks
first day my account manager told me to buy apple so i bought i made over 300$ in few minutes
then she told me to add money to open big positions because apple will go up on earning releases.
apple start moving down with a hard downtrend and marijuana the same.
i start loosing money and they always tell me add more untill i lost 11000$

their account managers contact you to get involved and loose your money
stay away from this bad broker.

About deposit and withdrawal it's fast.

this is my own experience i do not judge the overll experience with other traders this is my own experience.
R
Reply by Fortrade_For_Trading submitted Jun 11, 2020:
First of all, I am very sorry to hear about the experience that you had.

One thing that we have found to be true over the past several months is that there are "trade brokers" out there who claimed to be representing Fortrade, but who are in fact independent tricksters using our name to earn money for themselves (I would imagine that other brokers have this same problem).

A major clue in this case is that Fortrade's brokers and account reps are not allowed to advise clients as to what positions they should open or close. If your broker was advising you when to open or close a position, or which asset to invest, then it is EXTREMELY likely that this was not truly one of our brokers.

What you have described sounds very much like something that one of these people might have done. Fortrade is carefully regulated by several international bodies, and we have a full-time Compliance department whose job it is to ensure that we follow all of our legal obligations to the letter.

I would strongly encourage you to contact our Compliance team, and give them whatever details you can about what happened, so that they can look into the issue from their end. The email address is compliance@fortrade.com.

Best of luck!
W
WantJustice
Malta, Malta,
Nov 27, 2019,
Registered user

Fortrade wrong suggestions, unethical behaviour

Service use: Live Length of use: 6-12 Months
About 1 year ago I opened an account with fortrade with the idea of exploring trading and to invest little by little. Being new to all this a manager from fortrade began assisting me. At first it was all high hopes for a bright future. He began assisting me real good..phoning nearly every day and giving me instructions which trades to open and the size of each position etc.. I began to make profits on some trades, losses on others..etc. All the way along I was told that I needed to add more funds as this would make my account more stable for market fluctuations.. The total amount I transferred in the first 6 months was about 120,000 euros.. and overall it was going good.

At around January this fortrade manager was replaced by another one..the same one I have now. He immediately placed me on the Cannabis stock Tilray.. from here on it was only panic, doom and gloom. He wanted me to invest in Tilray which was trading at around 80 usd. I was following Cannabis trades with small investments on Aurora, Cronos and Canopy but never dared look at Tilray which was in a downward spiral. He insisted it was trading really low and sent me emails with analyses..etc. Being my manager I obeyed and bought at a price of around 80 usd.. when Tilray kept going down I protested many times (always on the phone) but he insisted that I should only average down and no stop losses were ever mentioned. I trusted him and averaged down, but then my margin went really low and he insisted that I should add more funds..whilst I was telling him that I should close Tilray, taking the losses (were still manageable at this stage).. but he said that Tilray will prevail and sent me more emails with analyses etc..and kept telling me that I should keep adding funds and everything will be ok. However days later I went Against his suggestions and closed all Tilray stocks at a price of around 50 usd and taking a huge loss of about 80,000 euros. I was really disappointed and during one of our phone calls I told him that I wanted to exit all trades and to withdraw my remaining funds.. Few days later Tilray went to about 55usd and he sent me an email convincing me that I should not have closed it and that stocks reverse. I took the blame on myself and began trusting him again.. He told me many times that he will help me get profits again.. and that the Cannabis stocks will be very profitable and that I should keep investing in them and to always hold and not sell and I will get on top of all this (Tilray is currently at a price of about 20 usd.. so he was really wrong all way long)..

I decided that after that loss I will not invest in Cannabis until stocks settle down.. At the time silver was trading at about 15usd and after doing my own research I decided to invest in it (out of my own will) and so I did. I began buying silver stock little by little but he insisted I should close silver and instead invest in Cannabis stocks. I again resisted and told him that I would like to diversify my portfolio. He kept calling me nearly everyday to close silver and one time he was also rather rude. At first profits on silver I closed my position at a price of about 16 usd..and invested in Aurora (Cannabis) at an average price of about 7 usd. as he told me ! Big mistake ! One week later silver was at about 18 usd.. whilst Cannabis stocks began plummeting. If I had held silver I would have made a profit of more than 80,000 euro.. I protested again but was always reassured that everything will be ok.

To cut a long story short a got deep down in Cannabis stocks always averaging down, never selling and holding the huge losses, as he always told me to never sell with a loss. In an email I told him again that I wanted to close everything even with my losses (I still had an equity of about 160,000 euros from the 200,000 I had invested) and stop, but he replied that I should hold as the markets will turn around.

I kept adding more funds just to keep my margin from closing my now sinking positions.. until I deposited all my life savings, a total of about 250,000 euros (120,000 euros this year). The last 2 months all Cannabis stocks plummeted and many many of my positions were closed due to margin call. My Equity is now around 5,000 euros. Believe it or not he asked again last week to put in more funds and that he was really sorry for my losses !!

This Fortrade manager never used any risk management and ruined my life !

I have many emails backing up all this..though most of the talking was done on the phone. But I can assure you that he never mentioned anything to protect my account.

Thanks for the opportunity offered to express my concerns about these cheaters !
2 traders have found this review helpful
P
Pips2dollars
Lagos, Nigeria,
Oct 17, 2019,
Registered user

Fortrade Senior Account Manager Covert Cheating Tactics

Service use: Live Length of use: 0-3 Months
It's very sad that once their high pressure marketing officers have lured you to open account with Fortrade, you are immediately subjected to glib, smooth talking Senior Account Manager whose mandate is to ensure that you lose your first trade by wrong advice.

I opened an account with Fortrade on 2019/09/23
On 2019/09/25 by 07:57am, my Senior Account Manager called me and advised me to open a Buy Trade for Gold WITHOUT A STOP LOSS. He told me not to put a STOP LOSS.
I lost 33.66% of my capital within a few hours before I closed the trade.
1 trader has found this review helpful
P
Reply by Fortrade_For_Trading submitted Jun 11, 2020:
First of all, I am very sorry to hear about the experience that you had.

One thing that we have found to be true over the past several months is that there are "trade brokers" out there who claimed to be representing Fortrade, but who are in fact independent tricksters using our name to earn money for themselves (I would imagine that other brokers have this same problem).

One of the clues is that our brokers and reps are NOT ALLOWED to offer trading advice to clients. They are not allowed to recommend whaere or when to open positions, or when to close them. Period.

What you have described sounds very much like something that one of these people might have done. Fortrade is carefully regulated by several international bodies, and we have a full-time Compliance department whose job it is to ensure that we follow all of our legal obligations to the letter.

I would strongly encourage you to contact our Compliance team, and give them whatever details you can about what happened, so that they can look into the issue from their end. The email address is compliance@fortrade.com.

Best of luck!