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FORTRADE.com Rating

Forex Broker Ratings

FORTRADE RATING -Powered by the Rating Formula V.4.0

The following Rating of FORTRADE is based on the Forex Brokers
Formula v.4.0.

FORTRADE Rating Summary

The sum of each Main Factor 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

Analysis of each Sub-Factor forming FORTRADE total rating result.

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. The rating results are based on a different weight of the same formula.

SPECIAL METRICS    
Based on Separated Sub-Formulas RATING (100%)
Overall Rating   62.00%
Forex Beginners   69.64%
Advanced Traders   56.54%
Pro Traders   49.37%

 

 

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