Fortrade Information

Founded in 2013, Fortrade is a regulated mult-asset broker registered in Hong Kong, offering trading in CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries on Fortrader and MT4 trading platforms.

Pros and Cons

Is Fortrade Legit?

Fortrade currently holds multiple regulatory licenses, including

• Australia Securities & Investment Commission (ASIC)
• Financial Conduct Authority (FCA)
• Cyprus Securities and Exchange Commission (CySEC)
• Canadian Investment Regulatory Organization (CIRO)
• National Bank of the Republic of Belarus (NBRB)

Regulated Country	Regulated by	Regulated Entity	License Type	License No.
	ASIC	FORT SECURITIES AUSTRALIA PTY. LTD.	Market Making(MM)	000493520
	FCA	Fortrade Limited	Market Making(MM)	609970
	CySEC	Fortrade Cyprus Ltd	Market Making(MM)	385/20
	CIRO	Fortrade Canada Limited	Market Making(MM)	Unreleased
	NBRB	Fort Securities BLR Limited Liability Company	Retail Forex License	193075810

What Can I Trade on Fortrade?

Fortrade offers a wide range of market instruments, including CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries.

Account Type

Fortrade provides demo accounts and Islamic accounts.

The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Islamic users are allowed to open Islamic accounts with no swap fees. Clients following the Muslim faith can open a forex & CFD trading account without any rollover interests on overnight positions swap interests).

Leverage

The maximum leverage is 1:200, meaning that profits and losses are magnified 200 times. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Fortrade cooperates with the authoritative MT4 trading platform and a propriety trading platform - Fortrader, available on the Web, Windows, and Mobile (iOS and Android).

Deposit and Withdrawal

The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal.

Alpari Information

Founded in 2002, Alpari is regulated by the NBRB in Belarus and has eight global offices with operations on three continents. Alpari does not offer services for the residents from the USA, Japan, Canada, Myanmar, the Democratic Republic of Korea, European Union, United Kingdom, Syria, Sudan and Cuba.

Pros and Cons

Is Alpari Legit?

Yes. Alpari is regulated by National Bank of the Republic of Belarus (NBRB).

Regulated Country	Regulated by	Regulated Entity	License Type	License Number
	NBRB	Alpari Evrasia Limited Liability Company	Retail Forex License	УНП192637625

Market Instruments

Alpari offers trading in Forex, Metals, Commodities, Indices, Cryptos, and Stocks.

Account Types/Fees

Demo Account: Alpari provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: there are in total 3 types of live account: Pro ECN, ECN, and Standard. In the table below you can see the details. The minimum deposit ranges from $/€50 to $/€500, and other conditions such as leverage, spread, and commissions are also different.

Leverage

Alpari offers a maximum leverage of up to 1:3000 for the Pro ECN and ECN accounts, while 1:1000 for the Standard accounts. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Trading Platforms

Alpari uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface. Besides, Alpari offers a proprietary platform, which is available on desktop and mobile devices.

Deposit and Withdrawal

Alpari accepts deposits and withdrawals via credit/debit cards, e-wallets, bank wire transfers, and local payment solutions.

The minimum deposit amount depends on the trading account you choose, and can vary between $20 and $500. There's no maximum deposit restriction on Alpari.

You can withdraw as much as you like, as long as you use the same payment method that you used to deposit with. If you still have open positions, youll need to leave enough free margin in your account to cover the withdrawal and any extra fees that may occur.