Here at TradersBest.com we are always on the lookout for the best online trading platforms in Canada. Well, we think we may have just found a platform that warrants being in that discussion.
Our Fortrade review has uncovered some information about this exceptional site that will no doubt get you interested in signing up. From the exceptional range of trading instruments to the highest quality trading platforms, this is an online trading platform you really don’t want to be missing out on. Read on to learn more about how to sign up!
Offers - Offers and promotions for new clients at Questrade
One of the first things we noticed as we compiled our Questrade review is the generous promotional offers available to new signups. Questrade aim to go that extra mile to provide their clients with additional value, so there are regular offers and promotions to help you make the most of your assets.
Refer a friend to Questrade and you’ll receive a $25 bonus, increasing to $50 for every third successful referral. You can also benefit from a friends and family offer that allows you to connect accounts with a friend or family member for reduced fees.
Our Questrade review also picked up on the fact that the site will rebate any transfer fees charged for moving your accounts to the broker. And there are two more offers currently available right now for new signups. Use the code ‘5FREETRADES’ to receive your first five trades completely free of all commission charges. Or use the code ‘ADVANTAGE14’ to receive a month’s worth of free trades, as well as level 2 market data streaming, to get you off to a flying start.
Usability - a seamless trading platform for CFDs and forex
The usability of the Fortrade platform is second to none. The platform is designed to be the perfect trading experience for both novice and veteran traders alike. We tested the platform out ourselves and found that everything ran smoothly without any delays when we switched between pages.
Most importantly though, the MetaTrader 4 software and the Web Fortrader platform ran like a dream and are exceptionally easy to use. Our Fortrade review was really impressed with the overall layout and execution of the platform. If you want to know “what is Fortrade?” Well, it’s one of the best platforms for you to trade everything from crypto and forex to a host of different CFDs seamlessly.
Accounts - head straight from the demo account to the real account!
From what we could gather with our Fortrade review, there are currently only 2 different account options for traders to choose from. These account options include a demo account and a real account.
The demo account is a great way for traders who are maybe a little unsure about the site and simply want to dip their toe in the water before they dive into the proverbial pool. The demo account gives you access to all of the tools and features on the site where you can then trade with “fictional” currency and stocks to see how it all works.
The real account can then be switched to at any time once you have practiced with the demo account enough. As there is only one account, you won’t have to worry about any other account having access to better spreads or reduced fees. We’ll discuss these other finer points later in our Fortrade reviews.
Fees – what you’ll need to pay for
Fees can be a bit of a pain when using these online trading platforms but when it comes to using Fortrade, you won’t be needing to pay exorbitant fees for your experience on the site. To be clear, we couldn’t seem to find much information with our Fortrade review when it came to specific trading costs per lot, or per CFD trade. However, it should be noted that there are no commission fees on the site and all general fees for a single trade are built into the spread.
Trading Platforms - quality platforms available
One of the most crucial parts to an enjoyable and more importantly successful online trading experience with these sites is what trading platforms they make available to you. Our Fortrade review found that users could choose from either the industry favorite in MetaTrader 4 or the platform’s own Web Fortrader software.
MetaTrader 4 can be used via the BebTrader 4 software, the desktop MT4 version or the mobile MT4 software. The same options apply for the Web Fortrader software as well. If you have ever had the fortune of using MetaTrader 4 you will know that you have access to some of the best charting, analysis and more. To be more specific you’ll have access to 30 built-in technical indicators and 24 graphical objects, 9 timeframes and 3 charting types.
Trading Payments - how to fund your account
Our Fortrade review took the time to analyze the various payment methods on the site. When it comes to online trading, it is critical to know that you can use a payment method that you prefer when you need to top up your account.
Well, our Fortrade review found that users could make deposits using any one of these methods: all major credit/debit cards, bank transfers, and Neteller. The minimum deposit amount for any of these options is a stable $100. As we mentioned earlier, Fortrade won’t charge you a dime for any of your deposits that you make on the site.
Customer Service - 24/5 quality service
Next up in our Fortrade review, we tested out the different modes of contact on the site for customer support. We found that users could get in touch with the support team via a live chat feature, email, international phone number and a contact form.
Contacting the customer support is super easy, as we tried it out for ourselves when we sent them a message via their live chat. We asked a few questions and were responded to within a matter of seconds for the most part (depending on the question). Our Fortrade review was really happy with the service we received and we really can’t fault their team on the quality of assistance they provide us. Our Fortrade experience and rating has been drastically increased overall after our experience using their support service.
Regulation and deposit insurance - is Fortrade reliable?
You may be asking yourself, in spite of all the information we have already covered, “is Fortrade safe to use?” or “are there any Fortrade scams to worry about?” Well, we know not to be pulled in by the shiny things and bright lights. Instead, we made sure to cover the security measures and potential insurance back up on the site with our Fortrade review.
Firstly, it’s important to know that Fotrade is fully licensed and regulated by The Investment Industry Regulatory Organization of Canada (IIROC). This means that the platform is completely legal in its current operations. More so than that though, Fortrade also uses the latest in SSL-encryption software which layers your information and data on the site to make it all but unreadable for any malicious hackers or nefarious 3rd parties. Check out our eToro review for a comparison of another major site’s security measures.
Additional Features - what makes Fortrade so special?
There are plenty of additional features on the Fortrade site to write home about but to us, it’s all about the trading platform capabilities. The fact that you can access 6 different platforms for mobile, web trading and your desktop is exceptional. That is a fantastic range to choose from and all of them can be used at once as well which makes the whole experience that much more fulfilling.
Aside from that, we found that there are plenty of educational resources on the platform as well that will make the lives of newbie traders so much easier. You can learn about everything from pip calculators to in-depth trading seminars. To show you just how good these resources are, compare them with our Forex.com review.
Conclusion to our Fortrade review
That brings our Fortrade review to a close. As you can see, this is a trading platform that gives you some of the best tools for forex, crypto and CFD trading. We highly recommend checking this site out even if it’s just to use their demo account. It will be worth your while. However, if you still feel like you are looking for something else then we suggest taking a look at our CMC Markets review or our Questrade review.
Post your own Review