FortFS accepts clients from all over the world, excluding USA and some countries from the OFAC list. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Bonuses and promotions is where FortFS scores the highest in this review. Users can withdraw funds using the same methods above and at the same commission rates. E-wallets are instant, card payments take 3 – 7 working days, and local Asian banks take up to 48 hours. Minimum deposits start from $5 (or currency equivalent) with WebMoney, PerfectMoney, Qiwi, Neteller, and Fasapay.
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Margin Call and Stop Out are 80%/40%and commissions apply – $9. The broker also states information about dividends payout which is 5% and 3% for Cent accounts. Dividends are not available is a trader opts for a swap-free option.
Withdrawal Methods & Costs
Its clients too can be found worldwide, from the UK to Singapore and South Africa. This promotion is not available to the Newbie or Pro accounts and positions https://forexhero.info/ must be opened 360 minutes before the end of the trading session on Fridays. Positions cannot be opened 2 hours before the trading session starts on Mondays.
FortFS Trading Platforms
FortFS does not give that impression at all, and most of the trust comes from their hard-to-achieve level of service and solid user ratings. Some of the bad ratings could come from traders that do not respect the bonus rules or use other prohibited techniques like quotes delay arbitrage and so on. Most of these traders are also attracted to the leverage, bonuses and other promotions that can be abused.
- USD/DDK with -5 USD long swap and -20 USD long is the first example where the swap is more significant.
- The conditions of these bonuses are not as strict as that of other brokers, and it offers ample chance to earn substantial amounts.
- One-click trading buttons are not visible so the trader will need to enable it.
Note that for certain platforms, like NinjaTrader and CQG you will need $10,000 and $15,000 minimum. If you deposit by local bank transfers the minimum will be $20 as well as for deposits by Skrill, VISA or MasterCard. The MT4 trading terminal is the golden standard of Forex trading.
I am happy and can recommend this broker to other people like me. Demo accounts are available in the MetaTrader and NinjaTrader platforms and are a great way of practicing trading techniques in simulated market conditions before using real money. 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.
As a complete beginner, you are entering forex market with all its risks involved. In order to help you out to make your first steps in the forex arena, the broker will refund 10% of your losses in case your position closes with a deficit. The compensation can be withdrawn from your account without restrictions. 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.
The available methods are the same but they have different costs. Visa and MasterCard withdrawals have $20 minimum and 2.5% commission while Perfectmoney has the same 1% commission for withdrawals too. For withdrawals, we also had an Expobank transfer option without commission. FortFS client portal showed us fewer deposit options than what is officially presented on the broker website so the deposit options will be limited for certain jurisdictions. VISA and MasterCard are also supported without commission.
Over the years, it has become bigger and aimed to reach a global client base. As part of its expansion plan, it established offices in Asia, particularly in Indonesia and Malaysia. Its clients are found worldwide, from the United Kingdom, to Singapore, and to South Africa. Analytical resources of the terminal are not limited to the built-in-tools only.
A unique benefit of the Newbie Account is the 10% compensation on closed losing trades but at a cost of no bonus eligibility. For Cent accounts, the maximum volume is 10 standard lots per tradeable instrument. This fortfs review review will evaluate the broker services by sections so traders will have complete insight into points of interest. In the ever-evolving world of financial markets, the role of an online broker remains pivotal for investors aiming for success. As we step into 2024, the landscape of stock trading is more dynamic and technology-driven than ever, necessitating a guide to navigate the plethora of options available.
Offering a variety of platforms also allows for more flexibility in trading. With direct market access, CQG transactions and modifications go through reliable networks and backed-up by standby service with SSL encryption. The Trading Terminal window shows the cost of the swaps but not the commission. For the info on commission, traders will need to open the instrument specification window which has all important fields filled. With this issue, we have doubts if the Pro Account provides any special value, as the execution time was one of two major advantages.
The demo opening process is simplified and done through the platform, with most of the fields automatically filled in. The trader can select the account type, leverage, funds amount and so on. Megaprotect Bonus acts like margin support funds during a drawdown.
