Fortrades Review

About Fortrades

Fortrade Ltd. is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under Firm Reference Number (FRN) 609970 . Fortrade Cyprus Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF licence number 385/20 . Fortrade Mauritius Ltd. is authorised by the Financial Services Commission (FSC) of Mauritius with investment dealer number GB21026472 . Fortrade Canada Limited is regulated by the Canadian Investment Regulatory Organization (CIRO), company registration number BC1148613, and is a member of the Canadian Investor Protection Fund (CIPF) . Fortrade (DIFC) Limited is regulated by the Dubai Financial Services Authority (DFSA) under Licence No. F009856 . Fort Securities Australia Pty Ltd (t/a Fortrade Australia) holds an Australian Financial Services Licence (AFSL) No. 493520 and ABN 33 614 683 831 .

A Belarusian entity, LLC Fort Securities BLR, formerly held local authorisation from the National Bank of the Republic of Belarus (NBRB) since April 2018, but that licence has been revoked, as recorded in the Belarusian regulatory registry . Additionally, the FCA issued a clone‑firm warning on 28 June 2022 regarding “Fortrades Ltd” impersonating the genuine authorised firm; the clone operates via domains including fortradesltd.com and www.for‑trade.com, without connection to the regulated Fortrade Ltd (FCA FRN 609970) .

Fortrade offers online trading of over 50 currency pair CFDs, approximately 300 stock CFDs, along with commodity and index CFDs via platforms including the proprietary Fortrader platform and MetaTrader 4. Leverage is up to 1:30 depending on the instrument. Negative balance protection is provided. The firm claims tight spreads and user‑friendly platform access across devices .

Pros and cons

Pros

• Multiple regulatory jurisdictions (FCA, CySEC, FSC Mauritius, CIRO Canada, DFSA DIFC, AFSL Australia) provide broad oversight and client protection including FSCS coverage in the UK up to £85,000 per person per firm .
• Negative balance protection reduces risk of clients incurring debts.

Cons

• Licence revocation in Belarus raises concerns about geographical consistency in regulatory standing .
• Presence of active clone firms using domain names such as fortradesltd.com and for‑trade.com necessitates caution to verify the legitimate Fortrade site .