Fosterhart Review

About Fosterhart

Fosterhart operates via the domain fosterhart.com and presents multi‑asset CFD trading across cryptocurrencies, forex, indices, commodities, and stocks, with access through MetaTrader 5, a browser‑based WebTrader, and a mobile app. The site lists contact details as support@fosterhart.com and phone +61 3 8376 9180, and its footer states “2018 © Fosterhart Ltd.”. Official site, About

Account tiers are shown as Bronze ($10,000), Silver ($50,000), Gold ($100,000) and Platinum (exclusive access). Separately, the Terms and Conditions specify a “minimum initial amount of $250” to activate an account, which conflicts with the tier minimums. Account types, Terms and Conditions

The Legal pages describe fees and restrictions, including a transfer fee “not more than $25” per bank payout and an inactivity fee of €50 after 90 days with no operations. A Withdrawal Policy applies a 20% upfront levy to withdrawals from accounts that have not reached a turnover of 200 transactions, and the same 20% levy to unverified accounts. The Legal section also prohibits scalping, automated trading systems, and hedging, and lists restricted jurisdictions that include the United States. General Legal, Legal

Risk disclosures state that trading is offered via CFDs, with leveraged trading risks and specific counterparty and operational risks for cryptocurrencies (including the possibility of no repayment if the company becomes insolvent). Educational material describes stop‑out logic that can trigger liquidation of positions when margin levels fall. Risk Warning, What is a Stop Out Level

The site also promotes an SMSF section describing support, portfolio tracking and OTC access, and requests trust details (Registered Trust name and address, ABN, deed, beneficiary details) for onboarding. SMSF

Who it’s for

• Traders seeking MT5, WebTrader and mobile access with CFD exposure to crypto, forex, indices, commodities and stocks.
• Clients outside restricted jurisdictions such as the United States, per the site’s IP and country limitations.
• Individuals prepared for higher tier minimums (from $10,000) to access the listed account benefits.
• Manual discretionary traders who do not use hedging, scalping or automated trading systems, which the Legal section prohibits.

Pros and cons

Pros

• Multiple platforms, including MetaTrader 5, WebTrader and a mobile app.
• Wide stated range of CFD instruments spanning crypto, forex, indices, commodities and stocks.
• Published fee items and policies (bank transfer fee cap and inactivity fee) on the Legal pages.

Cons

• High tier minimums (from $10,000) despite Terms mentioning a $250 initial amount; this discrepancy creates uncertainty.
• Withdrawal Policy imposes a 20% levy on withdrawals before 200 transactions or without verification.
• Prohibitions on hedging, scalping and automated trading systems limit strategy flexibility.
• United States is listed among restricted jurisdictions.