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Company Name:
Fortrade LimitedCompany Abbreviation:
FortradePlace of registration:
United Kingdom
Regulatory Status:
RegulatedCustomer Service Email Address:
support@fortrade.comCustomer Service Phone Number:
+44 203 966 4505Company summary
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They keep pushing me to dpeosit funds but I haven't been allowed to withdraw funds
JoseDeales
2021/06/07
Argentina
I can’t withdraw money repeatedly and ask me to invest in it. Is this platform worthy of trust?
FXQMFvhx6628
2021/01/20
China
In the normal operation, I was told that I violated the regulations and the account was frozen. The deposit is OK, but the withdrawal is difficult.
FXREOarh7158
2021/01/18
China
Have to pay individual income tax to withdraw funds after profiting
神州
2020/12/24
China
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Australia
Regulatory License No.：
493520Email Address of Licensed Institution :
j.marchetta@fortrade.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Level 5, 20 Bond Street, SYDNEY NSW 2000Phone Number of Licensed Institution :
0419 202 972Licensed Institution Certified Documents :
GCM Asia AFCA牌照信息--20191108 View Certified Documents GCM Asia ASIC牌照信息--20191108 View Certified Documents RIF637088232566934604_87251 View Certified Documents RIF637088232567716010_85537 View Certified Documents
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
United Kingdom
Regulatory License No.：
609970Email Address of Licensed Institution :
compliance@fortrade.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Michelin House 81 Fulham Road London SW3 6RD UNITED KINGDOMPhone Number of Licensed Institution :
44 2077102700Licensed Institution Certified Documents :
盛宝金融 FCA牌照更新20190117 View Certified Documents _FCA_609970_交易商监管信息表_查询结果 View Certified Documents FCA609970牌照210525 View Certified Documents
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Cyprus
Regulatory License No.：
385/20Email Address of Licensed Institution :
info@fortrade.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Office 504, Nora Court, 79 Athinon Street, Limassol, Cyprus, 3040Phone Number of Licensed Institution :
+35725057322Licensed Institution Certified Documents :
Fortrade CySEC监管 View Certified Documents
The Investment Industry Regulatory Organization of Canada is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. IIROC sets high-quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Canada
Regulatory License No.：
UnreleasedEmail Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Michelin House 81 Fulham Road London SW36RDPhone Number of Licensed Institution :
778-658-0363Licensed Institution Certified Documents :
Fortrade IIROC View Certified Documents Fortrade-IIROC牌照210706 View Certified Documents
The National Bank of the Republic of Belarus(NBRB) is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" , but soon worked under the direction of the State Bank of the USSR. Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring independence from the Soviet Union. The bank's activities are regulated in the Banking Code enacted in October 25, 2000. Article 25 of the Banking Code, provides that one of the main functions of the NBRB is to ensure efficient, reliable and safe functioning of the interbank settlement system, and prescribes procedures for cash and non-cash settlements in the Republic of Belarus.
Current Status:
RegulatedLicense Type:
Retail Forex LicenseRegulated in Country/Area
Belarus
Regulatory License No.：
193075810Email Address of Licensed Institution :
info.by@fortrade.byLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
220028, Minsk, Mayakovskogo St. 144, room 8, office 11Phone Number of Licensed Institution :
+375172240625Licensed Institution Certified Documents :
RIF637088225323543513_85064 View Certified Documents GCMAsia NBRB牌照信息--20191108 View Certified Documents Fort Securities 白俄20200909更新 View Certified Documents
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2021.08.05 updated
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Basic Information & Regulators of 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, a full license from the UK Financial Conduct Authority, a full license from the Cyprus Securities and Exchange Commission, a full license from the Investment Industry Regulatory Organization of Canada, and a retail forex license from the National Bank of Belarus.
Safety Analysis
The company is regulated by three mainstream global regulators, and its security is guaranteed.
Market Instruments of Fortrade
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.
Leverage & Account
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.
Spreads & Commission Fees of Fortrade
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.
Trading Platform Applied
Fortrade offers its users a market-leading and powerful MT4 trading platform, including the mobile MT4, web MT4, and desktop MT4.
Deposit & Withdrawal of Fortrade
Deposits can be made via wire transfer, bank transfer, Skrill, NETELLER, etc. The minimum deposit amount is 500 USD/EUR/FAF, and funds deposited via wire transfer will reach the user's account within seven working days. Withdrawals by bank wire transfer can take up to 5 business days for the funds to arrive, and withdrawals by credit/debit card can sometimes take up to 15 business days for the funds to arrive.
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The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
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