Fortrade scammer: reviews about a dubious broker
Fortrade offers to use hundreds of financial instruments and earn on pricing. The company invites everyone who wants to increase their start-up capital to active market trading. Fortrade allows you to quickly register and get a free demo account. The test account provides safe training, fast training for beginners. The company talks about favorable terms of cooperation, but before making a final decision, we recommend that you read the detailed review.
Characteristics of the Fortrade website
On the main page, the user can observe several colorful banners. The firm publishes general information about itself and the services it offers. At first glance, online trading on www.fortrade.com is very profitable and easy. At the same time, a more careful analysis of the resource reveals serious shortcomings. The Internet portal is filled with common phrases and free pictures taken from the public domain.
In addition, the official site has a very formulaic structure. He persistently offers to register and open an account. The check showed that the domain was registered in 1997 and updated in 2021. It is possible that the company bought out the old hosting and made the necessary changes. It positions itself as a reliable project with an experienced team, but the site does not inspire confidence at all.
We have to admit that the official website of Fortrade is not informative. It is easy to guess that it was created to attract beginners who do not understand the subject at all. On the pages of the web portal, you can read basic information about products, terminals and educational materials. The company provides its phone number and email address for feedback. At the same time, it does not publish information about the regulator, which makes it possible to suspect fraudulent activity.
Trading conditions and broker platforms
The company offers to use one of the two terminals. She has developed her own software and provides access to the most popular trading system. Fortrade platforms include:
- Metatrader 4 is a working terminal recognized all over the world. It allows you to bring trade transactions to the world market within a split second. The system provides real-time streaming of charts and quotes. The client gets access to advanced strategies developed on the basis of oscillators, indicators and expert advisors.
- Fortrader is a proprietary development of the company. It is downloaded to the phone or makes transactions through the browser. The mobile version allows you to always stay in touch, turning your device into a virtual department for performing trading operations. A trader can make investment decisions regardless of their location.
Both software developments feature instant one-click execution and advanced graphics. Depositing money and withdrawing earnings is carried out after submitting a corresponding request within the brokerage system. The platforms provide a wide range of functionality for beginners and professionals. Before downloading the terminal, it is recommended to read the comments of past and current customers. Traders will tell you how the promises published on the broker’s website are fulfilled.
| Hosting foundation date | 1997 |
| Adjustment | FCA, CySEC |
| Bonuses | Balance and Credit |
| Platforms | Metatrader 4 |
| Training | Academy |
| Analysis | Analytics, calendar |
Fortrade brand reputation: traders’ reviews
The company is often accused of low professionalism. The company does not protect its client from non-market prices by displaying charts with huge hairpins. There are slippages in the brokerage system, which makes it difficult to earn on the price difference. Fraudsters cancel profitable transactions, leaving their client without a livelihood. Traders doubt that the office really works and provides the declared services.
The exchange intermediary has an ambiguous reputation on the network. Some clients consider it the worst financial institution. Managers talk about attractive terms of cooperation, thanks to which they lure customers from other companies.
At the same time, they cannot give intelligible answers to important questions; the terminal does not allow you to make money on the sale and purchase of assets. The brokerage system shows unreasonable spreads and constant freezes.
Some traders consider the company to be quite normal. They talk about the positive experience of cooperation, without terminal failures. Support is responsive, consultants always help to solve the problems that have arisen. At the same time, the mobile platform does not work well, it is better to choose the desktop version. In general, the trader talks about adequate conditions for cooperation and potential opportunities for earning.
Summing up: prospects for cooperation with a broker
The intermediary office colorfully describes its advantages, but does it have any disadvantages? A careful review showed that the brokerage system has a lot of flaws that you should pay attention to. In order not to fall into the trap of another scammer, we advise you to carefully study all the cons:
- Questionable project registration. Some stock players point out that the firm is not regulated by the declared organizations and does not own any legal documents. There is no confirmation of regulation on the official website.
- The working terminal is not perfect. It shows some failures, requotes appear in the system. As you know, an honest and professional broker provides its client with worthy platforms.
- The abundance of negative comments indicates an extremely bad reputation. Traders do not recommend registering on www.fortrade.com. Reviews point to the cancellation of profitable trades, price manipulation and slippage.
- The content of the brokerage web portal leaves much to be desired. On its pages you can find only general information about the company.
Due to the flaws described above, we recommend staying away from a dubious project. The company does not provide the declared services and is engaged in the most common deception. Apparently, she lies about her regulation, while in fact she is not controlled by higher authorities. Due to the lack of legal documents and certain sections on the official website, we can conclude that the quality of the services provided is low. Market players should bypass such offices, choosing only reliable organizations for cooperation.
