Fortrade Review
Written By
ForexRater Research Team
Data-driven broker comparison · Independently tested · No paid rankings
Reviewed against our published methodology →Reviews represent the editorial opinion of ForexRater and are not personal financial advice.
Audit Scorecard
Our Verdict
Fortrade is assessed here on its regulatory licences, published trading costs, platform range and account terms. Its licences from FCA, ASIC, CySEC are the primary safeguard for client funds — check each licence number on the regulator's own register before depositing.
Fortrade advertises execution of 60ms and offers Fortrader. That execution figure is the broker's own published claim, not a speed we have measured — real fills vary with account type, session liquidity and news conditions.
Pros & Cons
The Good
- Easy to use
- Good Support
- Regulated
The Bad
- High Spreads
- Limited Advanced Tools
Regulatory record
Primary registersPublic enforcement records & market-access notices
- CIRO (Canada) · settlement · resolved21 Feb 2024 — Fortrade Canada Limited · 2,000,000 CAD (~US$1,500,000)
OEO firm admitted making prohibited recommendations to clients, supervisory-system failures and record-keeping failures.
Verified by primary · checked 28 Jul 2026 · Source
- IIROC (now CIRO) · interim order · resolved1 Nov 2022 (approx.) — Fortrade Canada Limited
Temporary order requiring OEO compliance, halting new accounts/deposits and requiring production of call recordings; superseded by the 2024 settlement.
Verified by secondary · checked 28 Jul 2026 · Source
- NBRB (Belarus) · registry removal market exit · resolveddisclosed, not scored1 Nov 2023 (approx.) — LLC Fort Securities BLR
Local OTC forex authorisation (held since April 2018, licence area No. 193075810) removed from the Belarusian registry; regulator stated no public reason.
Re-check trigger: quarterly-sweep; re-score only if NBRB publishes an enforcement basis naming Fortrade, or Fortrade re-registers in Belarus
Verified by secondary · checked 28 Jul 2026 · Source
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Quick Stats
Also Consider
Risk Warning
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.