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FORTRADE.com Rating

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FORTRADE RATING -Powered by the Rating Formula V.4.0

FORTRADE Rating Summary

This is the summary of FORTRADE Rating Analysis (1, 2, 3, 4)

FORTRADE RATING SUMMARY      
  MAX ACHIEVED (%)
1. FORTRADE Safety of Funds 26.00% 18.00% 69.23%
2. FORTRADE Cost of Transaction 28.00% 11.00% 39.29%
3. FORTRADE Trading-Options 26.00% 24.00% 92.31%
4. FORTRADE Technological Efficiency 20.00% 9.00% 45.00%
Overall Rating 100.00% 62.00% 62.00%

 

FORTRADE Rating Analysis

This is the full FORTRADE rating analysis.

RATING ANALYSIS: FORTRADE
TOTAL RATING 100.0% ForTrade Rating Analysis
Weight Analysis Factor Analysis 62.00% ANALYSIS
1. SAFETY OF FUNDS at FORTRADE 26.00% RATING WEIGHT 18.00% ForTrade Credibility Analysis
1.1 ForTrade Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 6.00% ForTrade is regulated by FCA UK (No 609970) =6%, Total = 6.0%
1.2 ForTrade Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% 5.00% ForTrade is owned and operated by Fortrade Ltd. Based in the UK = 5.0%
1.3 ForTrade Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 4.00% ForTrade was found in 2011 (5-10 years) = 4.0%
1.4 ForTrade Segregated / Bank Accounts 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Yes, ForTrade provides Segregated Bank Accounts to all clients = 2.0%
1.5 ForTrade Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 % 1.00% Unrated, receiving 50% of total points = 1% rating
1.6 (+) ADJUSTMENTS
1.6.1 Size Factor 1.00% More than 1 Million Active Traders = +1.0 % 0.00% Criteria not met = 0% Rating
2. TRADING COST at FORTRADE 28.00% RATING WEIGHT 11.00% ForTrade Competition Analysis
2.1 ForTrade Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 0.00% Typical EURUSD spread is 3.0 pip = 0.0%
2.2 ForTrade Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 0.00% Typical GBPUSD spread is 3.0 pips = 0.0%
2.3 ForTrade Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 0.00% Typical USDJPY spread is 3.0 pips = 0.0%
2.4 ForTrade Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% No commissions charged (tested account types) = 7.0%
2.5 ForTrade Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % 2.00% No withdrawal Commissions charged by ForTrade = 2.0%
2.6 ForTrade Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 2.00% No Inactive Fees or similar Commissions charged by ForTrade = 2.0%
2.7 (+) ADJUSTMENTS
2.7.1 ForTrade Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 0.00% No ECN / STP execution = +0.0%
3. TRADING OPTIONS at FORTRADE 26.00% RATING WEIGHT 24.00% ForTrade Trading Analysis
3.1 ForTrade Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 8.00% ForTrade offers about 60 Forex Currencies plus Bitcoin = 4.0%
3.2 ForTrade CFD and Spot Trading 2.00% CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% 2.00% ForTrade offers CFD contractss = 2.0%
3.3 ForTrade Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Demo account is available at ForTrade = 2.0%
3.4 Leverage at ForTrade 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% 2.00% 200:1 max Trading Leverage = 2.0%
3.5 ForTrade Bonus & Rebate 6.00% 4.00%
3.5.1 ForTrade Bonus (%) Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% 4.00% 30% Welcome Bonus Policy by ForTrade = 4.0%
3.5.2 ForTrade Rebate (%) Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% 0.00%
3.6 ForTrade Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Minimum Deposit is $100 = 1.0%
3.7 ForTrade Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% 5 fund methods by ForTrade (credit cards, debit cards, bank wire transfer, Skrill, and Neteller) = 2.5%
3.8 ForTrade Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% 5 fund methods by ForTrade (credit cards, debit cards, bank wire transfer, Skrill, and Neteller) = 2.5%
3.9 (+) ADJUSTMENTS
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% 60 Forex Currencies = +0%
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% No interest on client funds by ForTrade = +0%
3.9.3 ForTrade Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.00% No Competitions = +0.00%
4. FORTRADE TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 9.00% ForTrade Technology
4.1 ForTrade Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 2.00% ForTrade offers two platforms, a WebTrader and a Desktop Trader = 2.0%
4.2 ForTrade Slippage 4.00% Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% 2.00% Below 1.5 pips = 2.0%
4.3 ForTrade Automated Trading 2.00% Yes = 2.0 % / No = 0 % 0.00% No Expert Advisors = 0.0%
4.4 ForTrade MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 0.00% MT4 platform is not available at ForTrade = 0.0%
4.5 ForTrade Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices 1.00% MT4 App for iPhone and Android = 1.0%
4.6 ForTrade Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 1.00% Yes to both = 1.0%
4.7 ForTrade Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 3.00% 24/5 Customer service = 0%, eMail, Phone, Live Chat = 3.0%
4.8 (+) ADJUSTMENTS
4.8.1 ForTrade PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.00% No PAMM accounts are not available yet = +0.0%
4.8.2 ForTrade API Trading 0.50% Yes = 0.5 % / No = 0 % 0.00% No, API trading is not available at ForTrade by the time of this rating = 0.0%

 

FORTRADE Special Metrics

These are the special metrics for FORTRADE according to the three categories of trading experience.

SPECIAL METRICS RATING (100%)
Overall Rating 62.00%
Forex Beginners 69.64%
Advanced Traders 56.54%
Pro Traders 49.37%

 

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