Fortrade Account Features
Fortrade offers two account types:
- Demo account
- Real account
Fortrade Demo Account
Fotrade claims that the demo account is worth $100,000 which is barely possible. However, we were almost unable to confirm that there are even $100,00 of virtual money available on the account. Once we registered for a free demo account, we tried to access the demo dashboard but were not able to do it. After clicking the provided link we got a 404 error.
That didn’t stop us so we accessed the MetaTrader Web platform by checking the list of available platforms. This is very inconvenient, especially for traders who just entered the world of Forex and CFDs trading.
Demo account has a maximum leverage of 1:100, and really offers $100,000 in virtual money. That is more than enough for traders to get used to MetaTrader Web platform, but traders should always be aware of the somewhat complicated nature of Fortrade demo as it is not an instant acces due to dead links.
Fortrade Real Account
Fortrade real account doesn’t offer any special perks and benefits, which truly surprised us. The account description only promises a quick and easy registration which is really not that big of a deal, as most online registrations are very straightforward.
Fortrade offers fixed spreads with average spread for EUR/USD being 2 pips, and leverage being 1:200. Traders who want to know more about specific spreads, should take a look at the PDF documents available online.
Fortrade offers over 70 currency pairs, 4 digital or cryptocurrencies (Bitcoin, LiteCoin, Dash and Ethereum), indices, 140 European stocks, 50 US stocks, leading commodities, treasuries, ETFs and night spreads.