The trader can select the account type, leverage, funds amount and so on. Forex features 51 currency pairs out of which 14 currency pairs can also be traded with zero spreads but with a commission. fortfs review This option could be very useful for traders that like news trading or do not want to take spread widening risks that could trigger their Stop Loss. So for Forex traders, this is a unique offer as they can have the best from both spread types. In the exotic range, it is interesting to see TRY, MXN, HKD, CNH, ZAR, RUR (RUB), and Scandinavian currencies, some with EUR and GBP as base combinations.
Reviews from traders
The Demo Account is great and could be opened for any platform and any account type. This will give you insight into the varied trading conditions these accounts provide. Servers on MT5 are the same for Live trading, so you will have the exact conditions. The Demo https://forexarena.net/ is time-limited to 90 days but could be easily renewed. The demo opening process is simplified and done through the platform, with most of the fields automatically filled in.
FortFS Fees (typical spreads)
Unfortunately, deposits and withdrawals in cryptocurrency is not available with this broker. FortFS are one of those kinds of brokers that have a complex structure for commissions as they have variable commission even for assets in the same category. There are no commissions for Forex and Precious Metals but for zero spread assets it could be from $20 for majors to $50 for more exotic currency pairs. Zero spread instruments are only currency pairs and they are categorized under special groups in the MT4/5 symbols list. FortFS offers 4 trading platforms out of which some are dedicated to certain instruments. Additionally, the broker offers NinjaTrader and CQG.
FortFS Trading Information 2024
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. Technical and Fundamental analysis is provided in-house and updated daily. The technical analysis material is mostly based on Price Action, RSI, ADX and Bolliger Bands indicators with an interpretation of additional graphics.
- FortFS has established a Telegram channel for the latest promotions.
- Starting with the Newbie Account it is evident that the broker offers one specialized account that received rewards as the best for inexperienced traders.
- In order to be sure that FortFS is not a scam, read our trader reviews and check other popular trading related websites and forums.
- The live chat team are particularly responsive and helpful.
- Only for VISA/MasterCard and bank transfers, there is a delay in up to 7 days.
- FortFS has recently expanded its services to include CFD trading based on cryptocurrencies.
Is FortFS a legitimate broker?
The requirements are numerous, mostly restrictions of this leverage to volatile periods. To open a position you will still need the initial margin. VIP status is reached once a trader has a $25,000 balance excluding the bonuses. $5 Welcome Bonus – new traders can take advantage of no deposit bonus of $5 to experience live trading without risks.
FortFS review and ratings
The broker managed to expand into the Asia-Pacific market while retaining the image of a one-stop complete trading solution for any kind of a trader or investor. FortFS is known for its cent accounts, bonuses, platforms, and a great range of trading assets, that match their slogan, “Citadel of Trading”. 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.
The compensation can be withdrawn from your account without restrictions. I`ve been trading with this broker during 2 years and there was no problems with withdrawal completing. But sometimes I had a short time delay, it was due to holidays and days off. One of the additional services is the S.T.A.R – Short Term Assets Revenue, an investment service that allows investors to select their investment manager according to their criteria. This service makes this broker one of the most complete in the unregulated class, yet the regulation would surely cut most of the great benefits. As their staff responded to us, the license application in Belize was not completed even they had met all of the requirements.
FortFS has established a Telegram channel for the latest promotions. Spreads from 0.3 pips that are presented on the FortFS website are correct, and the major pairs have even less during the calm periods. Spread expansion is about 10 fold during higher volatility and this measurement can be used for Stop Loss orders placement to avoid the spread triggering. XAU/USD spread is around 70 pips during Friday closing, Palladium 2300 pips and Platinum 500.
Users are free to choose any virtual amount that they wish to trade with. There is no expiry with MetaTrader demo accounts, however, NinjaTrader demo accounts will expire after 2 weeks. With the Newbie and Flex accounts, floating spreads are available and start from 0.3 pips. With the Fort account, spreads are fixed from 2 pips, and in the Pro account, floating spreads start from 0.1 pips.
NinjaTrader platform is available with Fort Financial Services as a high-performance software for active users. There are advanced charting, market analysis, simulation, automated solutions and full range of options spreads OTC, and futures. I can’t login to my trading profile and I can’t trade on MT4 either. Looks like they changed the trading server.customer service is always offline. With the impossible to login, l couldn’t close my open trades.