Registered in	United Kingdom
Regulatory status	FCA, ASIC, FSA, NFA, FMA, MAS and DFSA, AMF
Year(s) of incorporation	More than 20 years
Market instruments	Forex, Indices, Shares, CommoditiesCryptocurrencies, Bonds, ETFs, OptionsIndustry sectors, Interest rates
Minimum initial deposit	$250
Maximum leverage	1:200
Minimum spread	1 pips for EURUSD
Demo accounts	Available
Trading platform	Intuitive web platform, MetaTrader 4, L2 dealer and mobile apps
Deposit and withdrawal methods	Credit/debit cards, bank transfer
Customer Service	E-mail/phone number/address/live chat
Fraud allegations	Yes

Here is an official video from the company.

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and Cons of IG

Pros:

• Wide variety of markets and instrument options.

• Intuitive and customizable trading platforms.

• Access to advanced technical analysis and charting tools.

• Multilingual, multi-channel customer service.

• Demo account with virtual financing of $20,000.

• There is no minimum deposit requirement for real accounts.

• It offers leverage of up to 1:200.

Cons:

• Fees and costs may not be clearly specified on the website.

• Information on account types is limited.

• There are not many educational resources available on the website.

• The withdrawal of funds is not clearly specified.

• The minimum transaction amount may be high for some markets.

• No welcome bonuses or promotions are offered.

• Credit card deposit fees can be high compared to other brokers.

What type of broker is IG？

Dimension	Advantages	Disadvantages
Broker Model	IG offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' operations, IG has a potential conflict of interest that may lead to decisions that are not in the best interest of the clients.

IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.

General Information and Regulatory Status

IG is a UK-registered company and regulated by multiple international financial bodies, including the FCA, ASIC, FSA, NFA, FMA, MAS and DFSA. It offers access to a wide variety of financial instruments, including currencies, indices, cryptocurrencies, stocks and commodities, with over 18,000 markets available. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Market Instruments

Advantages	Disadvantages
Wide variety of trading instruments	Too many instruments can be overwhelming for some
Possibility to diversify the investment portfolio	Increased knowledge and skill is required to operate
Opportunities to take advantage of different conditions	There may be more risk due to exposure to different markets
Access to a wide range of international markets	Increased complexity in position and risk management

IG offers access to more than 17,000 markets, covering Forex, Indices, Shares, Commodities, Cryptocurrencies, Bonds, ETFs, Options, Industry sectors, Interest rates, and more. This dimension is an advantage for traders as it provides them with a wide variety of instruments to trade and allows them to diversify their investment portfolio. In addition, this wide selection of instruments allows traders to take advantage of different market conditions and opportunities. However, a possible disadvantage of this dimension is that it can be overwhelming for some traders, as it requires greater knowledge and skill to trade in different markets. In addition, exposure to different markets can increase the risk of a portfolio, requiring more complex position and risk management.

Spreads and Commissions

Advantages	Disadvantages
- Spreads are quite competitive. - Spreads can be viewed on the website.	- There is not much information available on commissions. - Costs may be higher in less liquid markets or with lower trading volume.

In terms of costs, IG offers competitive and transparent spreads, with the average spread for EUR/USD being one pip. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume. Overall, IG appears to offer a reasonable and competitive cost structure compared to other brokers.

Trading Accounts Available at IG

IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies. Overall, the IG demo account is an excellent tool for beginner traders to gain experience and confidence in trading before investing their own capital.

Advantages	Disadvantages
Demo accounts available	Lack of detailed information on account types on the website
Single account for all customers	It can be difficult for new customers to choose a suitable account without detailed information.
Access to all of IG's financial instruments

IG offers a single live account for its clients and the minimum deposit required is $250. Aside from live accounts, demo accounts are also available.

Operating Platform Offered by IG

Advantages	Disadvantages
Easy-to-use intuitive web platform	Web platform may be less customizable than other platforms
Offering MetaTrader 4, a popular and well-known platform	MetaTrader 5, the latest version of the platform, is not offered.
L2 Dealer offers a wide range of advanced tools and functionalities for experienced traders.	L2 Dealer can be more complicated for beginner traders
Mobile apps available for iOS and Android	Mobile apps may be less customizable than the web platform
Wide selection of platforms to meet the needs of different types of traders	No proprietary trading platform exclusive to IG is offered.

IG offers a variety of trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go. Overall, the selection of platforms offered by IG is an advantage for traders, although some may find the lack of an IG-exclusive trading platform a disadvantage.

Maximum IG Leverage

Advantages	Disadvantages
Allows traders to increase their earning potential with limited capital	Leverage also increases the risk of significant losses
Possibility of accessing larger markets without having to deposit large amounts of capital	Novice traders may have difficulty understanding and managing leverage properly.
Opportunity to diversify the investment portfolio by trading in several markets with different levels of leverage	Leverage can increase psychological pressure on traders, which can affect their decision making.
Facilitates the possibility of profiting from small market movements	Traders can lose more than what they initially invested if they do not properly manage leverage and the associated risks.

As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:200. This means that traders can open positions that are 200 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it. Overall, IG's maximum leverage is comparable to that of other online brokers and may be suitable for those seeking greater buying power in the market.

Deposit and Withdrawal: Methods and Fees

Advantages	Disadvantages
Wide variety of deposit methods	No detailed information on withdrawals is provided
Free deposits with Visa and Mastercard debit cards	Commissions on credit card deposits
Bank transfers accepted	There are no other methods such as skrill, neteller, perfect money, etcetera.

IG offers several methods for depositing funds, including debit and credit cards, as well as wire transfers to your HSBC and Standard Chartered Bank accounts. No minimum deposit is required and debit card deposits are free of charge. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. Overall, the variety of deposit options is positive, although the costs associated with credit card deposits should be carefully considered.

IG Educational Reaources

Unlike other online brokers, IG seems to offer a limited amount of educational resources on its website. Although a news and analysis section can be found, as well as an economic calendar, there are not many online resources to help traders learn and improve their trading skills. It is important to note that despite this, IG has a long history and experience in the financial market, which can be of great help to experienced traders looking for a reliable and solid platform to conduct their trades. However, for new and inexperienced traders, they may need to seek additional educational resources elsewhere to enhance their understanding of the financial markets and develop effective trading skills.

IG Customer Service

Customer service is an important dimension for any business and in the case of IG, this company offers a variety of options for contacting them. Customers can communicate via phone, email, social media and online chat, which offers great flexibility and convenience for users. In addition, customer service is available in multiple languages, which is a great advantage for international customers. Overall, IG seems to have placed adequate emphasis on customer service, which is important to ensure customer satisfaction and maintain a good reputation in the financial market.

Conclusion

In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, the lack of educational resources and limited information on withdrawals are areas where they could improve. Overall, IG is a solid choice for traders looking for a regulated platform with a wide selection of instruments and a reliable trading platform.

Frequently Asked Questions about IG

• Question: What is the minimum deposit required to open an account with IG？

• Answer: There is no minimum deposit requirement to open an account with IG.

• Question: What deposit methods are accepted on IG？

• Answer: IG accepts deposits through debit cards, credit cards and bank transfers.

• Question: What is the maximum leverage offered by IG？

• Answer: IG offers a maximum leverage of up to 1:200 on certain financial instruments.

• Question: How can I contact IG customer service？

• Answer: You can contact IG customer service by phone, email, online chat or social media.

• Question: What trading platforms does IG offer？

• Answer: IG offers an intuitive web platform, MetaTrader 4, L2 Dealer and mobile applications.

• Question: What is the average spread for EUR/USD at IG？

• Answer: The average spread for EUR/USD is one pip.

• Question: Does IG offer educational resources for traders？

• Answer: They offer a variety of live webinars and educational content on their YouTube channel.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Fortrade Review Summary in 10 Points
Founded	2013
Registered Country/Region	Belarus
Regulation	ASIC, FCA, CYSEC, IIROC, NBRB
Market Instruments	Currencies, Stocks, Indices, Precious Metals, Energy Products, Agriculture Products, US Treasury Bonds
Demo Account	Available
Leverage	1:200
EUR/USD Spread	2 pips
Trading Platforms	MT4
Minimum deposit	$100 (with a suggestion of $500 or currency equivalent)
Customer Support	phone, email

What is Fortrade？

Fortrade is an online forex market trading service provider founded in 2013 and currently holds a full license from the Australian Securities and Investments Commission (ASIC), a full license from the UK Financial Conduct Authority (FCA), a full license from the Cyprus Securities and Exchange Commission (CYSEC), a full license from the Investment Industry Regulatory Organization of Canada (IIROC), and a retail forex license from the National Bank of Belarus (NBRB).

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Fortrade is a regulated broker that offers a wide range of assets for trading, including forex, indices, commodities, and securities. The broker provides a free demo account with no time restrictions, making it an excellent tool for beginners to practice trading. Fortrade has a powerful MT4 trading platform available on desktop, web, and mobile devices, providing traders with flexibility and convenience.

In terms of fees, Fortrade charges no trading commissions and offers competitive spreads, although overnight rollover fees and inactivity fees may apply. Customer support is available via email and telephone, but the lack of live chat support may be a drawback for some traders. Overall, Fortrade is a solid choice for traders looking for a regulated broker with a user-friendly trading platform and a variety of underlying assets for trading.

Pros	Cons
• Regulated by multiple authorities	• Negative reviews regarding withdrawals
• Wide range of assets for trading	• Limited live account types
• Free demo account with no time restrictions	• Inactivity fee after 6 months
• Powerful MT4 trading platform with mobile, web, and desktop options	• Limited educational resources
• No trading commissions	• Limited payment options

Fortrade Alternative Brokers

There are many alternative brokers to Fortrade depending on the specific needs and preferences of the trader. Some popular options include:

• Hugo's Way - A relatively new broker with competitive spreads, high leverage, and a limited range of trading instruments.

• ICM Capital - A well-regulated broker offering a diverse range of trading instruments, advanced trading platforms, and excellent customer support.

• IFC Markets - An innovative broker with a unique approach to trading, offering a wide range of financial instruments, low minimum deposits, and advanced trading tools.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Fortrade Safe or Scam？

Regulation by multiple reputable authorities such as ASIC, FCA, CYSEC, IIROC, and NBRB can provide some level of assurance of safety and reliability for traders. However, negative reviews of Fortrade regarding withdrawal issues are concerning, and potential traders should conduct thorough research and exercise caution before depositing funds with this broker. It is always recommended to carefully read the terms and conditions, including withdrawal policies, before trading with any broker.

Market Instruments

Fortrade provides investors with a range selection of tradable financial instruments, including more than 300 foreign currency, stock index, securities, oil, and precious metals CFD products. This wide range of financial instruments allows traders to have more options to diversify their portfolios and potentially increase their profits.

Accounts

Demo account: A free demo account is available to Fortrade customers. Users can practice their trading strategy with a €10,000 virtual investment, available on either the Fortrader or MetaTrader 4 platforms. Fortrade's demo account seems to be a useful tool for traders to practice their strategies without any pressure, and the lack of time restrictions makes it more convenient for beginners.

Live account: Fortrade only offers a single live account type, where the specific trading conditions vary depending on assets and trading size. The minimum deposit is reasonable at $100, with a suggestion of $500 or currency equivalent.

Leverage

Leverage is up to 1:200 for forex products, 1:20, 1:25, 1:50 for stock indices, 1:10 for EU securities, 1:50 for CFDs on agricultural commodities, 1:100 for gold and silver, 1:33 for corn, cotton, and soybeans. It is important to keep in mind that leverage can magnify profits, but it can also lead to greater losses, so traders should use leverage wisely and carefully manage their risk.

Spreads & Commissions

It seems that Fortrade charges mark-ups on spreads instead of trading commissions, which could be beneficial for traders who want to avoid commission fees. However, it is important to note that the mark-up on spreads may fluctuate, and traders should take this into consideration when planning their trades.

The average spread for EURUSD is 2 pips, and the average spread for USDGBP is 3 pips. Indices spread: Canada 60 average spread is 1 pip, US 2000 average spread is 0.6, US 500 average spread is 0.6. The gold average spread is $0.45, and the silver average spread is $0.04.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
Fortrade	2 pips	None
Hugo's Way	0.0 pips	$5 per lot
ICM Capital	1.6 pips	None
IFC Markets	0.4 pips	None

Note that the commission for Hugo's Way is per lot, and a lot size varies depending on the account type and asset being traded. Additionally, spreads are variable and subject to change, especially during times of high market volatility.

Trading Platforms

Fortrade offers its users a market-leading and powerful MT4 trading platform, including the mobile MT4, web MT4, and desktop MT4. The platform is renowned for its advanced charting tools, technical analysis indicators, and automated trading capabilities, making it suitable for traders of all levels.

The desktop version of MT4 provides traders with access to real-time pricing and trading, advanced charting and analysis tools, and the ability to place orders quickly and easily. The web version of MT4 is accessible from any web browser and offers traders the flexibility to trade from any location, while the mobile version of MT4 enables traders to manage their accounts and access the markets from their smartphones and tablets.

See the trading platform comparison table below:

Broker	Trading Platforms
Fortrade	MT4, WebTrader
Hugo's Way	MT4, MT5
ICM Capital	MT4, cTrader
IFC Markets	MT4, MT5, NetTradeX

Deposits & Withdrawals

Deposits and withdrawals can be made via credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. The recommended initial deposit requirement is $/€/£500, however, it is possible to deposit as little as $100 or equivalent currency to get started.

Fortrade minimum deposit vs other brokers

	Fortrade	Most other
Minimum Deposit	$100	$100

The broker does not charge any deposit fees, while any bank withdrawal fees incurred by Fortrade are passed on to the customer, which is usually around $40.

Processing times will vary by method. Deposits via bank wire transfers can take up to 7 working days for funds to clear. E-wallets offer faster clearance, often within 1 day. All withdrawal requests are processed by Fortrade within 2 business days of being submitted. However, fund clearance can take up to 5 business days for bank transfers and up to 15 business days for credit/debit cards.

Fees

Apart from spreads, commissions, deposit and withdrawal fees that we have mentioned above, Fortrade also charges an overnight rollover fee and inactivity fee of $/€/£10 on accounts left dormant for 6 months.

Overnight rollover fees are a common practice in the forex and CFD industry, as positions left open overnight incur a cost for the broker. As for the inactivity fee, it is also a common practice among brokers to charge a fee on dormant accounts to cover administrative and maintenance costs.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
Fortrade	None	$40	$/€/£10 after 6 months of inactivity
Hugo's Way	None	Free withdrawal up to $150	None
ICM Capital	None	None	None
IFC Markets	varies by payment method	None	None

Please note that the fees listed above are subject to change at the discretion of each broker. It is recommended to check with the broker's official website or customer support for the most up-to-date fee information.

Customer Service

Clients with any inquiries or trading-related issues can get in touch with Fortrade through the email and telephone. Here are some contact details:

• Telephone: +375-17-2240625

• Email: support.by@fortrade.by

• FAQ section is also available.

Pros	Cons
• Email and phone support	• No live chat support
• Comprehensive FAQ section available	• No 24/7 customer support

Note: These pros and cons are subjective and may vary depending on the individual's experience with Fortrade's customer service.

User Exposure on WikiFX

On our website, you can see that some users have reported unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

All things considered, Fortrade is a reputable broker with multiple regulatory licenses, offering a wide range of assets for trading and a powerful MT4 platform. The broker charges no commissions and has competitive spreads, making it an attractive option for traders. However, there have been some negative user reviews concerning withdrawal issues and the overnight rollover fee, which may cause concern for some traders. Additionally, the lack of alternative trading platforms and the inactivity fee may be a drawback for some traders who prefer more flexibility. Overall, Fortrade is a good option for traders looking for a reliable and regulated broker with a comprehensive trading platform and competitive trading conditions.

Frequently Asked Questions (FAQs)

Q 1:	Is Fortrade legitmate？
A 1:	Yes. Fortrade is legimate. It is regulated by multiple regulatory authorities including ASIC, FCA, CYSEC, IIROC, NBRB.

Q 2:	At Fortrade, are there any regional restrictions for traders？
A 2:	Yes. It does not accept clients from the USA.

Q 3:	Does Fortrade offer demo accounts？
A 3:	Yes.

Q 4:	How does Fortrade make money？
A 4:	Fortrade makes money from spreads, commissions, and swap rates on leveraged overnight positions.

Q 5:	What is the maximum leverage offered by Fortrade？
A 5:	Fortrade offers leverage of of up to 1:200.

Q 6:	Does Fortrade offer the industry-standard MT4 & MT5？
A 6:	Yes. Fortrade supports MT4 Desktop, WebTrader and Mobile APP.

Q 7:	What is the minimum deposit for Fortrade？
A 7:	The minimum initial deposit to open an account is $100 (with a suggestion of $500 or currency equivalent).

Q 8:	Is Fortrade a good broker for beginners？
A 8:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.