Is fortfs regulated
You can open a flex account by depositing $5 minimum deposit. Spreads are floating from 0.3 pips there is no commission.
New forex bonuses
The maximum leverage is 1:1000. Duly-regulated brokers provide settlement plans that protect your hard-earned money whenever there’s a surprise bankruptcy or withdrawal issue. Certainly one of these is that the financial services compensation scheme (FSCS). The FSCS covers investors’ money up to the amount of 50,000.
Fortfs review 2020 – is fortfs scam or legit?
Hi guys! It’s valentin here using the other forex broker review. Now I’m definitely going to inform you concerning fortfs.
According to this official internet site of the broker, fort financial services ltd. Is the organization behind the newest and has been created this season to supply the traders all around the globe in the world financial marketplaces.
You will discover the answers to those questions within this fortfs review: is fortfs scam or not? What are the accounts types supplied by this broker? What are the trading requirements such as spreads, minimum leverage and deposit? Can it be fortfs regulated?
Regulation of fortfs
Fort financial services ltd works on the basis of both global brokerage permit IFSC/60/256/TS/13 issued with the international financial services commission of belize 15.04.2013, that has been protracted on 07.12.2018 under permit amount IFSC/60/256/TS/18.
This permit provides the next because of the customers:
- This permit guarantees to the clients who the funding shares ensured to get repayment are retained in a separate bank account and that the business fiscal equilibrium is kept in accord with the IFSC requirements.
- It promises international trade services standards according to IFSC requirements.
- The permit guarantees that the business will run quarterly audits and also full yearly bookkeeping to the ruler.
- The permit guarantees that disputes medially traders and brokers will probably be solved using the participation of the IFSC being a completely unbiased arbiter whose decision is binding and final.
Despite this, I could say this regulator isn’t one of those regulators which demands the most rigorous rules within the industry.
The authorities I cite are FCA at the UK, aussie ASIC, also cysec at cyprus. All these watchdogs require stricter rules and requirements for brokers who want to get their permits.
For instance, the UK’s financial conduct authority (FCA) requires putting up 730,000 minimum net funding.
Besides, if your broker wishes to obtain a permit from the australian securities and investments commission (ASIC) at australia has to hold $1,000,000 minimum net funding. This shows just how strict it’s always to be part of the corporation.
Duly-regulated brokers provide settlement plans that protect your hard-earned money whenever there’s a surprise bankruptcy or withdrawal issue. Certainly one of these is that the financial services compensation scheme (FSCS). The FSCS covers investors’ money up to the amount of 50,000.
Fortfs account types and spreads
There are four account types offered by fortfs. The names of these account types are newbie, fort, flex, and pro.
As the name implies, the newbie account is suitable for newbies. Spreads are floating from 0.3 pips, the minimum deposit is just $5 for this account. The maximum leverage rates are high, up to 1:1000.
Fort account also requires $5 minimum deposit but spreads are different, fixed 2 pips. Account currencies are USD and EUR. The max leverage is 1:1000. Minimum order size is 0.01 lots.
You can open a flex account by depositing $5 minimum deposit. Spreads are floating from 0.3 pips there is no commission. The maximum leverage is 1:1000.
The last one is the pro account and it requires a $500 minimum deposit. Spreads are floating from 0.1 pips commission $9 per lot (per side). The maximum leverage is 1:100. This account is an account type for professionals.
Trading platforms
Fortfs offers trusted and worldwide trading platforms such as metatrader 4, metatrader 5, CQG, and ninjatrader.
Fortfs provides traders with access to exclusive and professional trading terminals. The MT4 trading terminal is one of the most popular trading terminals in the world due to its versatility and convenience.
Metatrader 5 is the most advanced trading terminal that allows trading access to forex, share exchanges, futures, CFD as well as the cryptocurrencies marketplaces.
The CQG store terminals are professional high-technology trading terminals specially developed for internet trading in global marketplaces of derivatives, futures, options, indices as well as spreads and OTC products.
The ninjatrader trading terminal is a professional platform with unique features such as advanced store analytics, development of trading systems and trade simulation. Fortfs in collaboration with ninjatrader provides access to the ninjatrader trading terminal.
Trading instruments
Fort financial services (fortfs) offers to trade in a wide range of products, such as forex, indices, commodities, metals, various cfds (including on cryptocurrencies).
With fortfs you can obtain access to 8 major cryptocurrencies with the largest store financing – bitcoin, bitcoincash, ethereum, litecoin, ripple, dashcoin, zcash, monero.
Fortfs bonuses
There are two types of bonus offered by fortfs. These are fortfs no deposit bonus 2019 and deposit bonus.
Fortfs no deposit bonus allows you to try your hand at real store conditions without risking your own funds! This bonus is deposit-free and does not require the deposit of own funds to withdraw the bonus and the bonus benefit.
The second one is fortfs deposit bonus. The bonus program works on a permanent basis and is available to all fortfs clients.
While depositing to trading account with a convenient for your payment option, you can choose the percentage that you would like to add to your deposit amount: 10%, 20%, 30%, 40% or 50% in the “get bonus” box.
Payment methods
A number of payment methods are accepted at fort financial services, including visa and mastercard, webmoney, skrill, neteller, perfect money, expobank and a number of others.
Payments is made in USD, EUR or RUB, depending on the payment method chosen. And some of the methods will incur additional commission charges.
Conclusion
Despite its regulation is not tight, fortfs offering acceptable conditions for trading in a variety of products through different platforms.
Fortfs review and ratings
Company information
Fortfs is a forex broker located in belize, regulated by the international financial services commission of belize (IFSC).
Availability
Fortfs accepts clients from all over the world, excluding USA and some countires from the OFAC list.
Distinctive features
- Own pool of PAMM accounts and copy-trading service offered for the clients.
- A lot of futures contracts available for trading.
- Simple registration and verification process.
- Tight spreads on major currency pairs.
Trading instruments
Forex broker offers the following underlying assets for trading.
60+ currency pairs | based on major and minor world currencies. |
15+ currency futures | based on major world currencies. |
5 crypto pairs | based on bitcoin, bitcoin cash, ethereum, litecoin and dash. |
12 indice cash cfds | based on baskets of different blue-chip stocks. |
30+ indice futures | based on baskets of different blue-chip stocks and US dollar index. |
8 metal spot cfds | based on gold, silver, platinum, palladium. |
10+ metal futures | based on gold, silver, copper, platinum, palladium and copper. |
3 energy spot cfds | based on crude oil (WTI, brent) and natural gas. |
10+ energy futures | based on crude oil (WTI, brent), heating oil, gasoline and natural gas. |
20+ soft futures | based on wheat, soybeans, rough rice, oats, soybean oil, soybean meal, corn, orange juice, milk, cotton, sugar, lumber, coffee, cocoa, feeder cattle, live cattle, lean hogs. |
20+ bond futures | based on AU, US, UK and EU government securities. |
50+ stock cfds | based on shares of most well-known US companies. |
40+ ETF cfds | based on exchange-traded funds containing various tradable assets. |
6 interest rate futures | based on eurodollar, US treasury bonds, 30-day fed funds, 2yr or 5yr or 10yr notes. |
Most of futures are available at ninja trader and CQG platform.
Comprehensive review
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 most recently known for receiving multiple awards in the 2017 forex awards, such as the ‘best execution broker’ and ‘best forex broker middle east’. It has remained a popular choice amongst traders in the middle east because of its heavy local presence in that region. Although the broker serves clients globally, it unfortunately does not serve US residents.
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. Offering a variety of platforms also allows for more flexibility in trading.
Fortfs has recently expanded its services to include CFD trading based on cryptocurrencies. Clients are free to trade bitcoin, bitcoin cash, ethereum, litecoin, ripple, and dash, which are among the most popular coins in the market today.
Several traders have praised fortfs for their newbie account, which is an account that inexperienced traders can open to trade with very easily. In the event of a loss after closing a trade, fortfs will instantly compensate 10% of the loss. This is the company’s way of showing support to first-time traders and encourage them to keep on trading despite initial losses.
There is also a fixed leverage of 1:1,000 for the newbie account, which allows new traders to really boost their buying power in the market and make more substantial profits even though their trading capital may be low.
Fortfs offers more than 140 currency pairs for trading, including rare additions such as the czech koruna (CZK). They also have fixed spread accounts for more experienced traders to trade many of the more exotic currencies.
Traders have expressed satisfaction with fortfs’ effective customer support, with some traders pointing out that it took less than 20 minutes to set up a new account, given how effective their customer service was. Verification of ID is done easily after clients upload proof of their identity. They also have an easy-to-use interface which helps the overall customer experience.
The broker’s website is clear and concise, and contains lots of useful information for traders, including a useful economic calendar, fundamental and technical analysis of various markets, and even a list of trading recommendations that users can read for free. The website is currently offered in 14 different languages, which makes fortfs a truly global broker.
Fortfs has been continuously expanding in asia in recent years, and now has one office in jakarta, indonesia and an educational center based out of kuala lumpur, malaysia, in addition to its headquarter in belize.
Fortfs offers standard terms when it comes to its deposit and withdrawal service. For online payment services such as webmoney, payments can be processed instantly. For other means of payment, the processing time depends on the method chosen, and can take up to 7 days for traditional international bank transfers. Unfortunately, deposits and withdrawals in cryptocurrency is not available with this broker.
Forex brokers lab
BROKERS with LOW SPREADS
ASIC REGULATED BROKERS
BROKERS with MINIMUM DEPOSIT
BEST FOREX BONUSES
Regulators : –
Cryptocurrencies: YES
Minimum deposit: $5
Maximum leverage: 1:1000
Spreads: low
My score: 4.8
Hi guys! It’s valentin here with another forex broker review. Today, I’m going to tell you about fortfs.
According to the official website of the broker, fort financial services ltd. Is the company behind the brand and was established in 2010 to provide the traders all over the world in the global financial markets.
You can find the answers to these questions in this fortfs review: is fortfs scam or not? What are the account types offered by the broker? What are the trading conditions such as spreads, minimum deposit and leverage? Is fortfs regulated?
Regulation of fortfs
Fort financial services ltd operates on the basis of international brokerage license IFSC/60/256/TS/13 issued by the international financial services commission of belize 15.04.2013, which has been prolonged on 07.12.2018 under license number IFSC/60/256/TS/18.
This license provides the following for its clients:
- This license guarantees to the customers that the capital assets guaranteed for payment are kept in a separate bank account and that the firm’s financial stability is maintained in accordance with the IFSC requirements.
- It guarantees international trade services standards in accordance with IFSC requirements.
- The license guarantees that the company will conduct quarterly audits and full annual accounting for the regulator.
- The license guarantees that disputes between traders and brokers will be resolved with the involvement of the IFSC as an independent arbiter whose decision is final and binding.
Despite all this, I can say that this regulator is not one of the regulators that requires the strictest rules in the sector.
The regulators I mention are FCA in the UK, aussie ASIC, and cysec in cyprus. These watchdogs require stricter rules and conditions for brokers who wish to obtain their licenses.
For example, the UK’s financial conduct authority (FCA) requires to hold €730,000 minimum net capital.
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.
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). The FSCS covers investors’ money up to the amount of £50,000.
Fortfs account types and spreads
There are four account types offered by fortfs. The names of these account types are newbie, fort, flex, and pro.
As the name implies, newbie account is suitable for newbies. Spreads are floating from 0.3 pips, the minimum deposit is just $5 for this account. The maximum leverage rates are high, up to 1:1000.
Fort account also requires $5 minimum deposit but spreads are different, fixed 2 pips. Account currencies are USD and EUR. The max leverage is 1:1000. Minimum order size is 0.01 lots.
You can open a flex account by depositing $5 minimum deposit. Spreads are floating from 0.3 pips there is no commission. The maximum leverage is 1:1000.
The last one is the pro account and it requires $500 minimum deposit. Spreads are floating from 0.1 pips + commission $9 per lot (per side). The maximum leverage is 1:100. This account is an account type for professional.
Trading platforms
Fortfs offers trusted and worldwide trading platforms such as metatrader 4, metatrader 5, CQG, and ninjatrader.
Fortfs provides traders with access to exclusive and professional trading terminals. The MT4 trading terminal is one of the most popular trading terminals in the world due to its versatility and convenience.
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 CQG market terminals are professional high-technology trading terminals specially developed for internet trading in global markets of derivatives, futures, options, indices as well as spreads and OTC products.
The ninjatrader trading terminal is a professional platform with unique features such as advanced market analytics, development of trading systems and trade simulation. Fortfs in collaboration with ninjatrader provides access to the ninjatrader trading terminal.
Trading instruments
Fort financial services (fortfs) offers to trade in a wide range of products, such as forex, indices, commodities, metals, various cfds (including on cryptocurrencies).
With fortfs you can get access to 8 major cryptocurrencies with the largest market capitalization – bitcoin, bitcoincash, ethereum, litecoin, ripple, dashcoin, zcash, monero.
Fortfs bonuses
There are two types of bonus offered by fortfs. These are fortfs no deposit bonus 2019 and deposit bonus.
Fortfs no deposit bonus allows you to try your hand at real market conditions without risking your own funds! This bonus is deposit-free and does not require the deposit of own funds to withdraw the bonus and the bonus profit.
The second one is fortfs deposit bonus. The bonus program works on a permanent basis and is available to all fortfs clients.
While depositing to trading account with a convenient for your payment option, you can choose the percentage that you would like to add to your deposit amount: 10%, 20%, 30%, 40% or 50% in the “get bonus” box.
Payment methods
A number of payment methods are accepted at fort financial services, including visa and mastercard, webmoney, skrill, neteller, perfect money, expobank and a number of others.
Payments can be made in USD, EUR or RUB, depending on the payment method chosen. And some of the methods will incur additional commission charges.
Conclusion
Despite its regulation is not tight, fortfs offering acceptable conditions for trading in a variety of products through different platforms. You can look at the pros and cons of fortfs below.
Fortfs UK review 2021
fortfs is a multi-asset trading broker offering a range of tools & resources. | ||
Fortfs is a multi-asset trading broker offering a range of tools & resources. |
Fortfs is a multiple award-winning broker that provides access to forex, cfds, indices, shares, commodities, cryptocurrencies, futures. With fortfs traders can use both the metatrader4 and metatrader5 platforms.
Cryptocurrency traders will have lots of options at fortfs, with 13 different coins to trade: EOS, ZEC, REP, ETC, XMR, STR, NXT, DSH, XRP, BCH, ETH, LTC and BTC.
Fortfs summary
Fortfs is a multi-asset trading broker offering a range of tools & resources.
Ratings
CFD trading
Trade cfds with leverage up to 1:1000.
FTSE spread | 32.2 |
---|---|
GBPUSD spread | 0.7 |
oil spread | 0.06 |
stocks spread | floating |
Forex trading
Trade FX pairs with competitive spreads.
GBPUSD spread | 0.7 |
---|---|
EURUSD spread | 0.4 |
EURGBP spread | 0.8 |
assets | 50+ |
Cryptocurrency trading
Trade a dozen crypto coins against US dollar.
Spread | floating |
---|---|
coins | EOS, ZEC, REP, ETC, XMR, STR, NXT, DSH, XRP, BCH, ETH, LTC, BTC |
Payment methods
Fortfs accepts the following payment methods:
- Skrill
- Neteller
- Webmoney
- Visa
- Wire transfer
- Fasapay
- Perfect money
- RBK money
Awards
Fortfs is an award-winning broker, with 3 awards received so far.
- Best forex broker asia 2016 - forex awards
- Best mini account provider 2016 - forex awards
- Best CFD broker 2015 - academy of trading masterforex-V
Fortfs vs other brokers
If you want to compare fortfs with other brokers, use the detailed comparisons below.
Fortfs review
ℹ️ important info
Description about fortfs
Fortfs what you need to know about the belize based broker
Based in belize, fortfs or fort financial services came into existence in the year 2010. The brokerage firm was established by a group of financial professionals who wanted to provide both beginner and professional traders with the best in class brokerage services. At fortfs, traders can trade a wide range of financial instruments including forex, commodities, indices, cfds, metals, cryptocurrencies, and binary options. Continue reading to find fortfs review and also discover more about the broker’s services and offerings for traders.
Fortfs trading platform
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. We tested each of their platforms to find that they offer some of the finest features, excellent services, and enhanced user experience.
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. Finally, the broker offers the ninjatrader platform that offers a host of innovative features such as market analytics, trade simulations, and designing of trading mechanisms or systems.
Deposits and withdrawals
Fortfs allows traders to deposit funds in multiple ways including neteller, skrill, webmoney, perfectmoney, fasapay, QIWI as well as visa/mastercard payment and through bank wire transfer. Deposits are usually processed immediately; however, in certain cases such as when you deposit through the malay, indonesian, thai, and vietnam local banks then the broker may require anywhere between 2-5 days to credit your account.
When it comes to withdrawing funds, traders have no limit to withdrawals if they use webmoney or perfectmoney. Apart from this, skrill, visa/mastercard, QIWI, neteller, fasapay and other local bank withdrawals have a limit to the amount that traders can withdraw, which is typically in the range of 1000-2500 USD.
Account types & spreads
With fortfs, one get four different types of account options including newbie, flex, fort as well as pro. For newbie account holders, the spreads start at 0.3 pips, and the minimum amount that can be deposited is 5$. Leverage, for this account type, goes as high as 1:1000.
Similarly, fort account holders need to make a minimum deposit of 5$, and the spread is fixed at 2 pips, whereas leverage allowed is 1:1000. The spreads for flex account holders are 0.3 pips, and the same for pro account type is 0.1 pips. Designed for professionals, the minimum deposit required for setting up a pro account is $500.
Conclusion
Overall, fortfs is a widely trusted broker that offers good customer service, a broad set of financial instruments for trading and low initial deposit as well as bonuses (fortfs no deposit bonus as well as the deposit bonus) to traders. However, the broker has no stringent regulations in place. The broker is only regulated by the IFSC (international financial services commission) and no other regulatory body.
Fortfs review – is it a scam or legit broker (2021)
In this fortfs review, we are going to take a look at the offer that this broker prepared for its traders. Fortfs operates on the financial market since 1995. When it comes to trading platforms, the broker features metatrader 5, ninjatrader and webtrader. The fortfs minimum deposit is 5 USD.
Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.
Basic information from this fortfs review
website address: | fortfs.Com |
operated by: | fort financial services LTD |
licensed and authorised by regulatory bodies: | SVGFSA |
supported languages: | english, spanish, french and portuguese |
customer support available via: | E-mail, phone |
contact details: | [email protected], +371 67 66 0716 |
available deposit methods: | VISA, mastercard, fasapay, local bank deposits, neteller, perfectmoney, qiwi, skrill, webmoney |
available withdrawal methods: | VISA, mastercard, fasapay, local bank deposits, neteller, perfectmoney, qiwi, skrill, webmoney |
minimum deposit: | 5 USD |
min. Trade in lots: | 0.01 |
spreads: | typical spread on the currency pair EUR/USD - 11 pips * on standard account type |
tradable assets: |
The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.
For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.
Fortfs fees (typical spreads)
We have scanned fees (typical spreads) that fortfs charges when trading popular currency pairs, here is their breakdown in pips.
*typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. Fortfs spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: axi , alfafinancials, land-fx and optionfx
Frequently asked questions
is fortfs a scam?
In accordance with our research, fortfs is a broker licensed and regulated by the SVGFSA. While it is a good thing that the broker is regulated, the SVGFSA regulatory agency is in comparison to 1st tier regulatory bodies like the cysec one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that fortfs is not a scam, read our trader reviews and check other popular trading related websites and forums.
what is the fortfs minimum deposit?
In order to start trading with fortfs, you have to deposit at least 5 USD.
what deposit and withdrawal methods fortfs supports?
⚖️ would you recommend me choosing fortfs?
We don’t have our own personal experience with fortfs. However, the broker is regulated by the SVGFSA which does not provide as strong protection to traders as 1st tier regulatory bodies (like the british financial conduct authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with fortfs.
Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.
¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.
Tradingbeasts helps individual traders learn how to responsibly trade binary options and cfds. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.
Disclaimer/disclosure
All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the tradingbeasts website. When you trade binary options or cfds products you are exposed to a high risk of loss. We review and rate companies offering trading platforms for binary options and cfds. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy
Fortfs review – is it a scam or legit broker (2021)
In this fortfs review, we are going to take a look at the offer that this broker prepared for its traders. Fortfs operates on the financial market since 1995. When it comes to trading platforms, the broker features metatrader 5, ninjatrader and webtrader. The fortfs minimum deposit is 5 USD.
Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.
Basic information from this fortfs review
website address: | fortfs.Com |
operated by: | fort financial services LTD |
licensed and authorised by regulatory bodies: | SVGFSA |
supported languages: | english, spanish, french and portuguese |
customer support available via: | E-mail, phone |
contact details: | [email protected], +371 67 66 0716 |
available deposit methods: | VISA, mastercard, fasapay, local bank deposits, neteller, perfectmoney, qiwi, skrill, webmoney |
available withdrawal methods: | VISA, mastercard, fasapay, local bank deposits, neteller, perfectmoney, qiwi, skrill, webmoney |
minimum deposit: | 5 USD |
min. Trade in lots: | 0.01 |
spreads: | typical spread on the currency pair EUR/USD - 11 pips * on standard account type |
tradable assets: |
The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.
For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.
Fortfs fees (typical spreads)
We have scanned fees (typical spreads) that fortfs charges when trading popular currency pairs, here is their breakdown in pips.
*typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. Fortfs spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: axi , alfafinancials, land-fx and optionfx
Frequently asked questions
is fortfs a scam?
In accordance with our research, fortfs is a broker licensed and regulated by the SVGFSA. While it is a good thing that the broker is regulated, the SVGFSA regulatory agency is in comparison to 1st tier regulatory bodies like the cysec one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that fortfs is not a scam, read our trader reviews and check other popular trading related websites and forums.
what is the fortfs minimum deposit?
In order to start trading with fortfs, you have to deposit at least 5 USD.
what deposit and withdrawal methods fortfs supports?
⚖️ would you recommend me choosing fortfs?
We don’t have our own personal experience with fortfs. However, the broker is regulated by the SVGFSA which does not provide as strong protection to traders as 1st tier regulatory bodies (like the british financial conduct authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with fortfs.
Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.
¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.
Tradingbeasts helps individual traders learn how to responsibly trade binary options and cfds. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.
Disclaimer/disclosure
All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the tradingbeasts website. When you trade binary options or cfds products you are exposed to a high risk of loss. We review and rate companies offering trading platforms for binary options and cfds. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy
Fortfs
Fort financial services ltd established in 2010, registered under international financial services commission of belize with the licence no – IFSC/60/256/TS/17.The international brokerage provides trading services on forex, indices, commodities, metals, cfds, binary options and cryptocurrencies (bitcoin, ethereum, litecoin and ripple, etc).
Fort financial services
Fort financial services brokerage company was founded in 2010 by a small team of financial industry professionals. A group of ambitious young people has teamed up to develop their innovative financial ideas and provide traders with high-quality brokerage services and high-tech market solutions. In the period when FX market was just forming, it was a bold enterprise, and as time has shown since – absolutely correct one.
The team of fortfs professionals was able to create some of the best conditions for trading and investments in financial markets through the web of connection to most of global markets and a wide selection of trading instruments. Broker developed competitive spreads, commissions and leverage rates, a set of professional trading terminals, optimal types of client accounts, unique bonus programs, and an efficient system of payment systems for client accounts.
In addition to active trading in the financial markets, fortfs provides clients with unique opportunities for investment in the copytrading investment project – an investment solution developed to integrate the experience and skills of professional market managers with traditionally high demand for investment services. This solution is designed for those who are interested in passive market income, not taking participation in the active trading.
Fortfs has always been a high-tech and customer-oriented company. From the very first steps of the company, the team’s priority were the technological solutions which increased the reliability of the services provided and made trading more convenient for the clients. Always in focus were the ever-important task of security, clients’ trading skills development and maintaining competitive trading terms.
That is why the integration of the crypto currency market into the company’s front and back-office systems and providing access to these new digital markets was a logical step in the sequence of successful decisions of the company.
Among the many awards awarded to fortfs, the company was named the best cryptocurrency broker 2018, the best forex broker asia 2018. In addition, in 2017, FORTFS was named the best broker of the year.
Trading platform
Fortfs offers world’s most trusted and tested trading platform to provide the best services, flexibility & user experience for the best trading performance. A set of platforms that used most across the globe. Available trading terminals are –
- Metatrader 4 – metaquotes corp inc.
- Metatrader 5 – metaquotes corp inc.
- Ninjatrader – ninjatrader LLC
- CQG – CQG inc
Fortfs
Fortfs overview
Fortfs is known also as fort financial services ltd that was launched in 2010 and registered in belize. Forfs is a regulated and ECN/STP broker, provide services in forex, cfds, binary options, cryptocurrencies, indices, commodities, and metals trading all over the world. Also, provide copy trading service (automatic system to make a copy from the leading successful traders). The company offers MT mobile, meta trader 4 and meta trader 5 trading platform includes demo account with meta trader 4 and ninja trader trading platform. Fortfs providing service with a multilingual website includes english, русский, français, 中文繁体, malay, español, português, العربية, indonesia, tiếng việt, فارْسِى, ภาษาไทย, polszczyzna, हिन्दी, but doesn’t support USA clients.
Fortfs regulation
The fort financial services is an international regulated brokerage company. The company is incorporated in st. Vincent with this 25307 BC 2019 registration number. Fort financial services ltd got a license from the international financial services commission of belize on 15.04.2013 and the license number is IFSC/60/256/TS/13, and prolonged on 07.12.2018 with IFSC/60/256/TS/18 this license number.
Broker overview
Website | visit website |
---|---|
broker type | STP/ECN forex broker |
demo link | open demo account |
founded | 2008 |
company | fort financial services ltd |
country | st. Vincent and the grenadines |
headquarter | suite 5, garden city plaza, mountain view boulevard, belmopan, belize. |
Regulation | IFSC, license number IFSC/60/256/TS/15 |
int offices | belize |
phone | +371 67 66 0716 |
fax | +371 67 66 0716 |
support@fortfs.Com | |
website lang | english, french, russian, spanish, indonesian, malaysian, chinese, arabic |
accept us clients | no |
account currencies | USD, EUR & more |
trading platforms | MT4, CQG, ninjatrader, binary options, mobile MT4 and web platforms |
promotions | $35 forex no deposit bonus and 100% forex deposit bonus |
no deposit bonus | $35 forex no deposit bonus |
welcome bonus | 100% welcome deposit bonus |
commission | yes |
withdraw options | credit/debit cards, wire transfer, neteller, perfect money, QIWI, RBK money, skrill, webmoney |
account funding methods | credit/debit cards, wire transfer, neteller, perfect money, QIWI, RBK money, skrill, webmoney |
other trading instruments | yes |
min deposit | $5 |
max leverage | 1:1000 |
mobile trading | yes |
web trading | yes |
news trading | yes |
minimum spreads | 0.1 pips |
lowest spread on eur usd | 0.1 pips |
precision pricing | 4 & 5 digits |
free demo account | yes |
mini accounts | yes |
islamic accounts | yes |
VIP accounts | yes |
ecn account | yes |
swap free accounts | yes |
managed account | yes |
interest on margin | yes |
trading contests | yes |
hedging | yes |
expert advisors | yes |
one click execution | yes |
oco orders | yes |
gold silver | yes |
cfds | yes |
So fortfs is illegal by amendment and consolidation (international business companies) act, section 149 of the updated laws of saint vincent and grenadines 2009 specifically, not only all financial and commercial business, trading, borrowing, lending, service activities and the support in different ventures just as to give brokerage, managed and training account services in currencies, cfds, indexes, commodities and leveraged financial related instruments.
Account types and spreads
Fortfs offers four types of account. All accounts are newbie, fort, flex, and pro.
As the name suggests, beginner account is appropriate for novice traders.
Low floating spread, it’s coasting from 0.3 pips
the minimum deposit is only $5
account currency USD
the maximum leverage up to 1:1000.
The commission starts from $10 for cfds, zero commissions for forex
the margin call/stop out 5%/0%
available order size 0.01 – 10 lots
Fort account minimum deposit is same as newbie account, account currency is USD/EUR but spread is fixed from 2 pips.
The maximum leverage up to 1:1000.
Bonus on deposit 10%, 20%, 30%, 40%, 50%
the commission start from $10 for cfds, zero commissions for forex
the margin call/stop out USD/ EUR: 50%/25% USD/EUR cents: 30%/10%
available order size 0.01 – 100 lots
dividends USD/ EUR: 5% USD/EUR cents: 3%
You can open a flex account, this account deposit, leverage, commission are same as newbie and fort, but spreads are floating from 0.3 pips.
Account currency USD and EUR
bonus on deposit 10%, 20%, 30%, 40%, 50%
the commission starts from $10 for cfds, zero commissions for forex
the margin call/stop out USD/ EUR: 50%/25% USD/EUR cents: 30%/10%
available order size 0.01 – 100 lots
The last one is PRO account, it’s for professional traders. This account price accuracy is 5 digit and account currency is the only USD.
There is no bonus in this account and dividends also zero
the commission is $9
the margin call/stop out 80%/40%
available order size is same as others account
The dependence between balance and leverage set by the company as follows:
Balance: $1 – $1000, $1000 – $5000, $5000 – $20000, $20000 – $100 000 and max leverage 1:1000, 1:500, 1:200, 1:100, 1:33.
Fortfs trading platforms
Fortfs have trust and secure world-class trading platforms lie MT4, MT 5, ninja, and CQG trader platform. Fortfs suggest using one of the most popular MT4 trading terminals. You can trade (buy and sell currency), CFD on futures and major companies shares by using the MT4 platform.
MT5: it is short from meta trader 5, it is one of the powerful and multifunctional trading platforms. MT5 is the one of the best choices of the professional and advanced trader for convenient advanced trading to access forex, stock exchanges, cryptocurrencies, futures, and CFD markets.
MT5 combined in more than 80 technical indicators, graphical objects with detailed information, analytical tools, and dynamics analysis.
CQG: it made with ultra-technology and specially made for options, indices, OTC, and futures products. Fortfs offers 4 types of CQG market terminal:
WEB TRADER: free. Traders can access fast and easily with this terminal.
QTRADER: $40 per month. Professional and for options, futures trading.
INTEGRATED CLIENT: $595 per month. It is for advanced traders.
CQG M: free. It is available only for mobile, traders can manage their order and will get update market news and data.
Ninja traders: is a professional and advanced trading platform for algorithmic and automated trading. You will find an automatic control strategy for managing your trading positions. Ninja trader advantage is you can design and develop your own strategy.
Cryptocurrencies
Fortfs offers 8 major cryptocurrencies trading: bitcoin, bitcoin cash, zcash, monero, ethereum, litecoin, ripple, dash coin. The minimum lot is 0, 01, leverage 1:3 and crypto trading is available 24 * 7.
Fort financial services awards
As a good broker fortfs achieved many awardees.
Best news & analysis provider april 2019
best forex broker asia 2015, 2016 and 2018
best forex broker for newbie traders 2016
most transparent broker 2015
best CFD broker 2015
the most technologically advanced broker of 2014
and more
Deposit and withdrawal methods
Fortfs supports 11 deposit and withdrawal method includes VISA, master card, local banks, FASAPAY, QIWI, neteller, skrill. There are different commission and the minimum deposit for each method.
Education and analytics
Fort financial services has good educational content (all aspects of trading) for beginners and experienced traders. You will find basic of trading, the psychology of trading, futures trading guide, and fundamental, graphical, and conducting technical analysis on their web site.
Promotions
Fortfs have 4 types of promotions
Welcome bonus
deposit bonus
support margin bonus and
megaprotect bonus
Also, they offer some amazing bonuses in auctions such as new year bonus, christmas fairy tale, ramadan bonus, etc.
Fortfs have a daily contest is known as fortgold, the contest prize is $10 USD. It was started on 5th december 2017.
Customer support
Fortfs provide customer service monday to friday, 05:00 AM to 23:00 PM (GMT +3).
Website: contact us form, and live chat options in english, malay, and chinese and russian language.
So, let's see, what we have: fortfs review 2020 – is fortfs scam or legit? Hi guys! It’s valentin here using the other forex broker review. Now I’m definitely going to inform you concerning fortfs. According to this at is fortfs regulated
Contents of the article
- New forex bonuses
- Fortfs review 2020 – is fortfs scam or legit?
- Regulation of fortfs
- Fortfs account types and spreads
- Trading platforms
- Trading instruments
- Fortfs bonuses
- Payment methods
- Conclusion
- Fortfs review and ratings
- Company information
- Availability
- Distinctive features
- Trading instruments
- Comprehensive review
- Forex brokers lab
- Regulation of fortfs
- Fortfs account types and spreads
- Payment methods
- Conclusion
- Fortfs UK review 2021
- Fortfs summary
- CFD trading
- Forex trading
- Cryptocurrency trading
- Payment methods
- Awards
- Fortfs vs other brokers
- Fortfs review
- Fortfs what you need to know about the...
- Fortfs review – is it a scam or legit broker...
- Basic information from this fortfs review
- Fortfs fees (typical spreads)
- Frequently asked questions
- is fortfs a scam?
- what is the fortfs minimum deposit?
- what deposit and withdrawal methods fortfs...
- ⚖️ would you recommend me choosing fortfs?
- Fortfs review – is it a scam or legit broker...
- Basic information from this fortfs review
- Fortfs fees (typical spreads)
- Frequently asked questions
- is fortfs a scam?
- what is the fortfs minimum deposit?
- what deposit and withdrawal methods fortfs...
- ⚖️ would you recommend me choosing fortfs?
- Fortfs
- Fortfs
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