Brokers  /  Fortrade

Fortrade

Low risk
🇬🇧 United Kingdom · 5-10 years · since 2017-09-12 · Fortrade Limited
ASICCIROCYSECFCA
Visit site ↗
—/5
★★★★★ ★★★★★
12 reviews ›
4
Licenses ›
11
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
23/100
Scam risk ›
10
Clone sites ›
▲ 8% positive▼ 67% negative
Independent ratingshow third parties score this broker
WikiFX8.11/10
Trustpilot—/5
Forex Peace Army—/5
23
Low risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC, CIRO, CYSEC, FCA
  • 8 user exposure/complaint reports filed
  • Withdrawal complaints in ~92% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameFortrade Limited
Headquarters🇬🇧 United Kingdom
Founded2017-09-12
Years operating5-10 years
Employees0
Official websitefortrade.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
Michelin House, 81 Fulham Road, London. SW3 6RD

Regulation & licenses · 4

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making License (MM)493520AustraliaRegulated
FCAMarket Making License (MM)609970United KingdomRegulated
CIRODerivatives Trading License (EP)UnreleasedCanadaRegulated
CYSECDerivatives Trading License (MM)385/20CyprusRegulated

Review analysis AI

Across 12 recent Trustpilot reviews, 67% are 1–2 star. The single most common complaint is being unable to withdraw funds (11 reports) — the classic warning sign in forex. We also found 10 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
What users praise
Where reviewers are from
Hong Kong5
India2
Israel1
Belarus1
New Zealand1
United States1

Real user reviews

Similar brokers

Swissquote
United Kingdom · TP 3.5
Low risk
IG
United Kingdom · TP 3.8
Low risk
INFINOX
United Kingdom · TP 4.6
Low risk
eToro
United Kingdom · TP 4.1
Low risk

About Fortrade

Fortrade is a forex and CFD broker based in United Kingdom, with records dating to 2017-09-12. It reports oversight from ASIC, CIRO, CYSEC, FCA.

FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.

Finally, beware of impersonation: we tracked 10 clone website(s) copying Fortrade. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full Fortrade review