Fortrade Journal

Journal status: live
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Fortrade Profile
Year
2013
Country
Canada
Branches
3
Regulation
IIROC Canada
Registration
IIROC Canada, FCA UK, ASIC Australia, NBRB Belarus, CySEC Cyprus
Investor protection
Fund protection
Canadian Investor Protection Fund (CIPF)
Publicly traded
no
Restricted in
Not serving
х Australia, Belgium, Canada, Israel, Japan, North Korea, Turkey, US
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
0 ms
LPs total
0
LPs quality
none
LPs names
none

Fortrade Accounts
MM
Minimum Deposit
100 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
2 pips
Commission
0 $/lotRT
Volume
...
Margin Call
50 %
Stop Out
20 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, PayPal
Base currency
USD, EUR, GBP
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is Fortrade safe?

  • Investor protection: Canadian Investor Protection Fund (CIPF)
  • Regulation: IIROC Canada
  • Registration: IIROC Canada, FCA UK, ASIC Australia, NBRB Belarus, CySEC Cyprus
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Fortrade trusted?

  • Information transparency: high ★★★★★
  • Customer service: not so helpful ★★
  • Fortrade website: uninformative, updated ★★
  • Fortrade popularity (by visitor count): average ★★★

How Fortrade works



When you trade with us you are entering into a contract for differences (CFD), which is a bilateral (or “principal to principal”) contract between you and Fortrade and we are therefore your counterparty for each such transaction. We are therefore also the “execution venue” on which you trade and we determine the price of each CFD that we enter into with you.

We use a number of different data sources in order to ascertain a suitable Reference Price. We usually use a Reference Price supplied to us by a third party bank or investment firm that provides reference prices to us (Liquidity Provider). We may simply use a Reference Price supplied by a Liquidity Provider to enter into a CFD with you. We will always hedge our risk of entering into a CFD with you by entering into a back to back bilateral CFD contract between us and our Liquidity Provider.

Where there is an exchange or organized market (Market) on which a relevant Underlying trades(for example where the Underlying is a share or commodity), it may be difficult to establish a Reference Price if Fortrade offers Prices to you outside the trading hours of any such relevant Market, or if the Market is otherwise suspended or not functioning. In such circumstances, Fortrade will offer you a Price which it deems to be fair and reasonable in the circumstances(for example based upon a Reference Price provided by a Liquidity Provider or based upon factors such as movements on another Market indirectly associated to the relevant Underlying(such as futures exchange).

6.EXECUTION COSTS
As mentioned above, our Prices are based on Reference Prices obtained from Liquidity Providers and other independent sources. We will usually add a mark-up or mark-down to the relevant Reference Price when we set our Prices and enter into a CFD transaction with you (known as our “spread”). Occasionally, rather than using a spread, we may charge you commission..


The CFD trading you are entering into is not conducted on an exchange. Fortrade is acting as a counterparty in these transactions and, therefore, acts as the buyer when you sell and the seller when you buy. The prices Fortrade offers might not be the best prices available.



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