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Fortrade Review
Fortrade is a UK regulated CFD broker with FCA, CySEC, and ASIC licences. Its Canadian arm was fined $2 million by CIRO in 2024 for banned advice.
Min Deposit
$100
Spreads From
Variable spreads, tighter on ECN style accounts
Max Leverage
1:30 for UK and EU retail clients, up to 1:200 through the Mauritius entity
Platforms
Fortrader (proprietary), MetaTrader 4
Pros
- FCA authorised in the UK under firm reference 609970 since 2013
- Also licensed by CySEC, ASIC, Mauritius FSC, CIRO, and Dubai's DFSA
- Negative balance protection included on retail accounts
- Offers Standard, ECN, and Swap Free account types for different trading styles
Cons
- Its Canadian arm was fined CAD 2 million by CIRO in 2024 for banned advice
- Fortrade Canada also had to fund a US 6 million client compensation pool
- CIRO found the firm lacked a proper supervisory system for years
- Leverage as high as 1:200 is available through the Mauritius entity, adding real risk
Fortrade Ltd is a UK CFD broker authorised by the FCA under firm reference 609970, incorporated at Companies House as company 08619610 in 2013. The wider Fortrade group also runs separately licensed entities in Cyprus, Australia, Mauritius, Canada, and Dubai.
Its Canadian arm, Fortrade Canada Limited, ran into serious trouble. CIRO found the firm gave clients investment recommendations it was not allowed to make as an order execution only dealer, and that it lacked a proper supervisory system. In 2024 Fortrade Canada accepted a CAD 2 million fine, agreed to a US 6 million client compensation fund, and paid over US 700,000 directly to clients with unresolved complaints.
Fortrade offers Standard, ECN, and Swap Free accounts with negative balance protection, a $100 minimum deposit, and leverage up to 1:30 for UK retail clients. The Canadian settlement was about bad advice practices, not stolen client funds, so it is not the same thing as a broker collapse.
Min. Deposit
USD 100
Max Leverage
1:30 for UK and EU retail clients, up to 1:200 through the Mauritius entity
Spreads From
Variable spreads, tighter on ECN style accounts
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
