Abstract:Fortrade is an online forex market trading service provider founded in 2013 and currently holds a full license from the Australian Securities and Investments Commission, a full license from the UK Financial Conduct Authority, a full license from the Cyprus Securities and Exchange Commission, a full license from the Investment Industry Regulatory Organization of Canada, and a retail forex license from the National Bank of Belarus.
Basic Information & Regulators of Fortrade
Fortrade is an online forex market trading service provider founded in 2013 and currently holds a full license from the Australian Securities and Investments Commission, a full license from the UK Financial Conduct Authority, a full license from the Cyprus Securities and Exchange Commission, a full license from the Investment Industry Regulatory Organization of Canada, and a retail forex license from the National Bank of Belarus.
Market Instruments of Fortrade
Fortrade provides investors with a range selection of tradable financial instruments, including more than 300 foreign currency, stock index, securities, oil, and precious metals CFD products.
Minimum Deposit of Fortrade
Fortrade offers a single account, where the specific trading conditions vary depending on assets and trading size. The minimum deposit recomended is $500, though traders can deposit as little as $100.
Leverage of Fortrade
Leverage is up to 1:200 for forex products, 1:20, 1:25, 1:50 for stock indices, 1:10 for EU securities, 1:50 for CFDs on agricultural commodities, 1:100 for gold and silver, 1:33 for corn, cotton, and soybeans.
Spreads & Commission Fees of Fortrade
The average spread for EURUSD is 2 pips, and the average spread for USDGBP is 3 pips. Indices spread: Canada 60 average spread is 1 pip, US 2000 average spread is 0.6, US 500 average spread is 0.6. The gold average spread is $0.45, and the silver average spread is $0.04.
Trading Platform Applied
Fortrade offers its users a market-leading and powerful MT4 trading platform, including the mobile MT4, web MT4, and desktop MT4.
Deposit & Withdrawal ofFortrade
Deposits can be made via wire transfer, bank transfer, Skrill, NETELLER, etc. The minimum deposit amount is 500 USD/EUR/FAF, and funds deposited via wire transfer will reach the user account within seven working days. Withdrawals by bank wire transfer can take up to 5 business days for the funds to arrive, and withdrawals by credit/debit card can sometimes take up to 15 business days for the funds to arrive.
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Company summary
Company Profile
Founded in 2005 by a group of turnkey professionals with years of experience in financial services, IFX offers a complete range of banking business process services through a modern API-driven and web-based platform. IFX provides a market-leading liquidity market management system, as well as flexible payment and foreign exchange solutions that can be applied to any business type. Traders can take advantage of the speed, collaboration, and specialization to build payment and collection solutions that work for them. IFX holds a payment license from the FCA in the UK (license number: 900517) and a general finance license from the Dubai Financial Services Authority (license number: F001814).