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.

AUS GLOBAL Information

AUS GLOBAL is the internet brokerage brand of AUS Group, with offices in Cyprus, London, Dubai, Turkey, Seychelles, Mauritius, Thailand, Malaysia, Vanuatu, Melbourne, Vancouver, and Wellington. Regulated by multiple financial authorities, AUS GLOBAL provides online trading services to retail and institutional clients worldwide.

AUS GLOBAL offers a diverse range of instruments, from forex and stocks to cryptocurrencies and commodities. Plus, with platforms like MT4, MT5, and cTrader, you've got the tools to trade your way.

Pros & Cons

Is AUS GLOBAL Safe or a Scam?

AUS GLOBAL operates under two reputable authorites, including the Cyprus Securities and Exchange Commission (CYSEC) in Cyprus and Australia Securities & Investment Commission (ASIC) in Australia.

AUS GLOBAL is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under license number 52171. This means that AUS GLOBAL is authorized to provide financial services within South Africa.

AUS GLOBAL is regulated by the Securities and Commodities Authority（SCA) in United Arab Emirates with the current status of general registration under the license number 20200000207.

Besides, the segregation of client funds and partnerships with leading banks also provide additional protection for clients' funds. The implementation of SSL encryption is another positive aspect that ensures secure data transmission.

Market Instruments

AUS GLOBAL offers a wide range of trading instruments, including over 10,000 products, such as US and EU stocks, forex, precious metals, futures, stock indices, and cryptocurrency. This variety allows traders to diversify their portfolios and take advantage of multiple markets with a single account.

Account Types

AUS GLOBAL offers four account types. The STP and ECN accounts require a minimum deposit of $50, with high and medium transaction costs respectively, and both offer a free demo. The CLA account also has a $50 minimum deposit but lower transaction costs, while the VIP account requires a minimum deposit of $10,000 and provides ultra-low transaction costs, though it does not include a free demo.

The free demo accounts offered by AUS GLOBAL are a great way for traders to practice and test their trading strategies without risking real money. It is worth noting that these demo accounts are valid for 30 days from the date of registration, and the validity period will be renewed as long as the client logs into the demo account within 30 days.

Leverage

The leverage offered by AUS GLOBAL ranges from 1:1 to 1:500, depending on the trading product and account type. Different instruments have different margin requirements and leverage limits, so it's important to check the specific requirements for each trade before opening a position.

Spreads & Commissions

AUS GLOBAL offers competitive spreads, especially for its ECN account type with a 0.2 pip spread on the EUR/USD pair. However, it is unclear whether the broker charges any commission on top of the spread for these account types. The STP and Classic account types have higher spreads of 1.5 and 1.9 pips.

Overall, AUS GLOBAL's spread offerings seem to be in line with industry standards, but it would be beneficial to have more information about commissions before making a definitive judgment.

Trading Platforms

AUS GLOBAL supports three of the most popular trading platforms in the industry, which are MT4, MT5, and cTrader, providing traders with multiple options to choose from. The platforms are available on desktop and mobile devices, enabling traders to access their accounts and trade on the go. The trading platforms offer advanced charting tools, technical analysis indicators, and a variety of order types, allowing traders to customize their trading strategies.

Trading Tools

AUS GLOBAL provides its clients with several trading tools to enhance their trading experience.

Firstly, the broker offers social trading, which allows clients to follow and copy the trades of experienced traders in real-time. This feature can be especially useful for beginner traders who are still learning how to trade.

Secondly, AUS GLOBAL provides an economic calendar, which lists upcoming economic events and announcements that could affect the markets. This tool enables traders to stay informed and make informed trading decisions.

Finally, AUS GLOBAL also offers PAMM/MAM (Percentage Allocation Management Module) accounts, which allow experienced traders to manage the funds of multiple clients simultaneously.

Copy Trading

AUS GLOBAL's all-in-one auto-copying solution enables traders to follow and replicate trades from successful traders in the community, providing exposure to proven strategies and portfolio diversification through social trading.

Deposits & Withdrawals

AUS GLOBAL offers a range of payment options, including local bank transfers, e-wallets, credit cards (Visa/MasterCard), and international wire transfers. The minimum deposit for all four account types is $50. Deposits are accepted in EUR, USD, GBP, CNY, AUD, JPY, NZD, AED, HKD, MYR, THB, VND, PHP, IDR, TRY, USDT, and other currencies. The minimum withdrawal amount is $40, with no withdrawal fees. Deposits via MyPay incur a 4% fee, while other deposit methods are free. International wire transfer deposits may take up to 5 working days, while other deposits are processed instantly. Most withdrawals are processed within one working day.

Customer Service

It is noteworthy that AUS GLOBAL offers multiple channels of customer support, including 24/7 live chat, phone, email, or online messaging. Additionally, the broker provides a Help Center to assist clients with common questions and issues. For those who prefer social media, AUS GLOBAL can also be followed on Twitter, Facebook, and Instagram.

Conclusion

In conclusion, AUS GLOBAL offers a wide range of trading instruments and account types with competitive spreads and leverage of up to 1:500. The broker also supports popular trading platforms such as MT4, MT5, and cTrader, and provides various trading tools. AUS GLOBAL also offers multiple deposit and withdrawal methods with no withdrawal fees.

Frequently Asked Questions (FAQs)