The names of these account types are Newbie, Fort, Flex, and Pro. Web platform offers friendly, one-click trading with complete set of tools and indicators, history, alert setting, charting and all other functions necessary for successful trading. FortFS (Fort Financial Services) is a Belize-registered online forex & CFD broker that was rebranded in 2014. The broker used to be known as Tradefort, which was owned by One Vector Group Inc., but is now simply branded as FortFS. The broker has been operating since 2010, and is regulated by the Belize government regulator known as IFSC. FortFS is a forex broker located in Belize, regulated by the International Financial Services Commission of Belize (IFSC).
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Most probably it acts as a market maker and the main conflict of interest exists. Customers can trade currency pairs, commodities, indices, shares and cryptocurrencies through MT4, MT5, CQG and NinjaTrader terminals. Clients can deposit by bank transfers, debit or credit cards, and e-wallets such as Skrill and Neteller. Spreads are variable and the PRO account offers raw spreads at the expense of commissions. Be careful because the company is not authorized by a regulatory body with strict requirements. The Risk Disclosure document does not specify anything about the negative balance protection policy.
Withdrawal requests are processed within 5 working days. The refund requests are to be proceeded within 45 business days since the moment such request is created. Established in 2010, Fort Financial Services offers reliable, regulated and innovative trading environment. With reliable payment methods, liquidity providers and banks, the broker offers secure and regulated platform with clients over 30 countries. Offering a variety of platforms also allows for more flexibility in trading.
- Asset classes depend on the account type and only Flex and Fort accounts offer all available instruments.
- For online payment services such as WebMoney, payments can be processed instantly.
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- Unfortunately, I could not work out the bonus (it’s my fault).
- Duly-regulated brokers offer compensation plans that protect your money when there is an unexpected bankruptcy or withdrawal problem.
Company details
The website is currently offered in 14 different languages, which makes FortFS a truly global broker. 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. FORTFS is a company registered in Saint Vincent and the Grenadines.
I opened an account with this company due to a large selection of trading tools. They offer a wide range of CFDs, currency pairs, cryptocurrencies. I chose for myself the FLEX account – a good balance between the size fortfs review of floating spread and nice market execution. For my manual trading strategy, these trading conditions work very well. Everything is intuitive from the very first time I started using it.
In order to help you out to make your first steps in the forex arena, the broker will refund 10% of your losses in case your position closes with a deficit. The compensation can be withdrawn from your account without restrictions. Verification of ID is done easily after clients upload proof of their identity.
Keep in mind that the terminal is not free of use and there are fees per month and per contract. The website fortfs.com is operated by Fort Financial Services LTD, which is incorporated and registered in Saint Vincent and the Grenadines. The company offers online trading of CFDs on currency pairs, commodities, indices, shares and cryptocurrencies via the several platforms such as MetaTrader 4 (MT4), CQG and NinjaTrader. Before you create a trading account with any broker, it is important to learn more about their trading platform and its various features. As far as FortFS is concerned, the brokerage offers highly trusted and efficient trading platforms to its users.
Fort Financial Services
Besides, if a broker wants to get a license from the Australian Securities and Investments Commission (ASIC) in Australia must hold $1,000,000 minimum net capital. This shows how strict it is to be a member of this organization. The reason for this is that in Belize it is straightforward to set up a shell company, as there is no requirement that the company is located in this country. There are also many tax benefits, as well as stringent rules regarding confidentiality. Many people think that IFSC regulations are also somewhat mild.
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There is also up to 50% deposit bonus when you start making deposits into your account. These conditions apply to these bonuses, and you should take the time to read them before registering your account. $5 Welcome Bonus – new traders can take advantage of no deposit bonus of $5 to experience live trading without risks.
Trading Platform
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FortFS offers multiple platforms, including MetaTrader 4, MetaTrader 5, NinjaTrader, and CQG. While, MT4 is an immensely popular trading terminal, known for its convenience and versatility, MT5 is an advanced platform that enables traders to trade stock, forex, CFDs, futures, and even cryptos. The CQG terminal, on the other hand, has been specifically designed for trading futures, derivatives, indices, spreads, options as well as the OTC products on the internet.
- It also provides a comprehensive comparison between the different platforms to help clients choose which platform best suits their needs.
- The CQG market terminals are professional high-technology trading terminals developed for online trading of derivatives, futures, options, indices as well as spreads and OTC products.
- With the impossible to login, l couldn’t close my open trades.
- It is intended for professional traders and is not free of use.
The average value of the spread for the DAX index is about 4 points and for the DJIA index it is 8 points. Claim your profile to access Trustpilot’s free business tools and connect with customers. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. With FortFS you can get access to 8 major cryptocurrencies with the largest market capitalization – Bitcoin, BitcoinCash, Ethereum, Litecoin, Ripple, Dashcoin, Zcash, Monero. Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. 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.
Actually I must say that I am new on forex but I choose a lot of promotions that fortfs offers and I made my profit after 5 month of trading. Withdrawal is done and I received my money after 3 days. I am happy and can recommend this broker to other people like me. Hello to everyone.Forexbrokerslab is my personal blog where I review reliable forex brokers.