ForTrade Review

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!

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

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!

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

.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)

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

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.

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 !

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.

I'm man who trusted my Fortrade Senior Account Manager. Some times before i had some bad experience with Fxlider company with whom i opened my account and did some trades but get out in time and withdrawe my mony or most of, and Fortrade seems have some connection to fxlider because he(Fortrade Senior Account Manager) called me many times and he explain that they are nothing like fxlider and that their clients have big profits and that they get valid counseling and everything reports even whatsapp number to always be in contact normally he promised lot and in beginning immediately said that if i have bigger investment i will have security and bigger profit. He said if i have investment of 10.000 euro i can with much more security do trading with 1.00 lot and that is all i learned about money management. He send mails with exsamples of ther profits usually with cannabis companys...
And eventually I accepted their offer and started working with them. i made an investment first 1000eur and opend position on aurora cannabis company and made some profits.
He was always asking me to reinforce my account every time, especially when I would make some profit. It was like we can do it more, make more, with even more security. So after making some profit on aurora i made more transfers in next time period.
Frst 800€, den 500€, but it always sounded like it wasn't enough so after that transfers i decided to transfer all my savings to get some security and try to make some bigger profits like he suggested that i could make that 1,00 lot positions.
So next two transfers were 6.500€ and i had in about 10.000 € balance.

And in that time he introduce me in crude oil. It was always up standard from those days to the time i lost most of i had, he always assured me that is and will only grow. The price may drop a little bit but it will always recover because crude oil is in "up standard". And in next time period i was only doing buy position on crude oil. I had some profits. David send me reports mails and in that time period he called me daily and still was frequently asking me to reinforce more my account and like he was preparing some next big thing and i will be included. But i already transferd all my savings and put everything in.

He was very persuasive in that calls and finally i asked if i were to borrow 5.000€ more could that make big difference he suggested of course that it would. I got the impression that i could make more profit, do that 1.00 lot position and even go a little bit higher because of my additional investment.

Next, because i was under impression that crude oil will only grow i buy two positions on very high price one 66.235 price - 0.20 lot, and another 66.545 price - 0.40 lot.
Shortly after that, I made transfer in three times of 5000€ (borrowed money). 2 x 2000€ and 1x 1000€.

After that i was confident and we had one correction on crude oil, but David said that is just small correction and price will again go up "up standard" and i could take that profit. So i opened two more buy positions on crude oil one on 63.515 price - 0.60 lot, and another 63.015 price - 0.30 lot.
After that i was noticing that price is falling i was thinking that is just temporary, correction could be little bit longer but will grow again. I even did some sell positions but they were allways to much risky David said clearly.

After that it was chaos, the price just kept falling and very soon two of my positions went into automatic stop loss on 31.may.2019. and price was falling very quickly he ignored me did not respond. And i was force to close one position to try to save anything. When I opened those four positions i had 17.000€ and after this i had 4.900€ and still have one more buy position left price 63.015, - 0,30 lot. And i'm under the risk to lose it all becose my account is in debt -2.476€.

Now they are prety much very good coverd and i was left with one more opend position in debt, with no savings, in debt privately because borrowed mony, they are big SCAM and they do it very professionally..