FortFS Forex Broker Review and Rating 2024 Detailed FortFS information with traders reviews for 9 August 2024
All you need to fortfs review do is register with the broker, open a real trading account, fill in some personal data form for verification purposes and the bonus is yours. The website is currently offered in 14 different languages, which makes FortFS a truly global broker. For Indexes, the commission is 0.075% per lot and Crypto – 1.5% per lot traded.
Very bad broker
MetaQuotes platforms are well known as almost all brokers use it but NinjaTrader and CQG are not that popular. NinjaTrader has some advantages over MT5 like more charting customization and features, https://forexarena.net/ historical data selection, better stability, multiple data feeds, and more. The platform provides great ordering functionality, clearly made for knowledgeable traders.
Customer Support
I can only withdraw the 1700 deposit amount.the MT5 history shows a balance reset operation (?) where 6500€ are supposedly withdrawn, but not to my account. We have a direct answer form the staff that only clients from the United States are not allowed for FortFS services. Signal service is provided but it is not well established and is based on common indicators like the MACD. Some trading recommendations could be regarded as blind guessing. There are also Forex news and the Economic Calendar. Forex news is just one sentence about a particular trading asset, nothing more, but could be enough for most.
NinjaTrader
They also have an easy-to-use interface which helps the overall customer experience. The broker offers clients four different platforms to choose from for forex and CFD trading – MetaTrader 4 and 5, CQG and NinjaTrader. It also provides a comprehensive comparison between the different platforms to help clients choose which platform best suits their needs.
Trading Instruments
- Economic Calendar is very basic, without any filtering, charts or info about the event.
- FortFS location cannot be determined and shares the common Belize location with many other off-shore brokers, some of which have scam reputation.
- These are FortFS no deposit bonus 2019 and deposit bonus.
- XAU/USD spread is around 70 pips during Friday closing, Palladium 2300 pips and Platinum 500.
- The FSCS covers investors’ money up to the amount of £50,000.
- The material consists of 7 parts with topics that are related to the company and with trading in general.
MetaTrader 5 is the most advanced trading terminal that allows trading access to Forex, stock exchanges, futures, CFD as well as the cryptocurrencies markets. The names of these account types are Newbie, Fort, Flex, and Pro. Duly-regulated brokers offer compensation plans that protect your money when there is an unexpected bankruptcy or withdrawal problem. One of them is the Financial Services Compensation Scheme (FSCS).
Minimum deposits start from $5 (or currency equivalent) with WebMoney, PerfectMoney, Qiwi, Neteller, and Fasapay. All other methods require a deposit of $20 or equivalent.
I think they have done this deliberately so that my account can be in negative. Their Client Login page is not opening and all their contacts are unavailable. I don’t know the status of my trading account for now. OK, last withdrawal was only 4 days including the weekend so that’s 2 business days which is a great improvement and quite acceptable.
This shows how strict it is to be a member of this organization. In order to start trading with FortFS, you have to deposit at least 5 USD. Online platform allows you to track all of your trading activity from any computer with an internet connection without the need to download and install the MT4 terminal. Just use your username and password to login and your trading interface is right there on your PC display. FortFS accepts clients from all over the world, excluding USA and some countries from the OFAC list.
Only for VISA/MasterCard and bank transfers, there is a delay in up to 7 days. Stocks offer is average with just 50 companies from the US markets only, and all of them are popular. They are somewhat diversified by the industry as usual, but nothing special in this category. One could assume that a broker with this wide service range would be regulated, surprisingly it is not. FortFS once held a license by IFSC from Belize, a regulation that is regarded as mild anyway, but as of lately no license is held.
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare FortFS with the top 3 similar brokers that accept traders from your location. The MetaTrader and CQG platforms use industry-standard security protocols to protect data exchanges between real servers, including Secure Sockets Layer (SSL) encryption.