Fortrade is relatively a new Forex broker, based in UK and regulated by FCA(Financial Conduct Authority).
The broker offers Forex and CFDs(Metals, Commodities, Stocks and Indices) through their own trading platform, Fortrader.
Fortrade’s advantages are as follows:
No Commissions, No Hidden Fees and No Conflicts of Interest
The spread is fixed and that is all what you need to pay when trading with Fortrade.
As Fortrade is a STP(Straight Through Processing) broker, there is no restrictions on any trading methods.
Fixed spread from 2 pips
Fortrade offers only one trading account type.
As the spread is fixed, it is a bit higher than other Forex brokers with floating spread.
Here is the spread we have captured in November 2016, during normal trading hours.
At the time, the minimum and average Fixed spread of Fortrade is 3 pips. The above Forex currency pairs are all Major ones with tighter spread though, you might see even lower spread when the market condition is calmed.
Fixed spread from 2 pips is quite average for Forex brokers with Fixed spreads.
Many “Fixed Spread” Forex brokers do restrict certain trading methods on the platforms though, Fortrade does not restrict any.
Thus, “Fortrader” is a very preferable trading environment for traders with EAs(Expert Advisers) or other trading programs.
You may need to know that “Fortrade” isn’t MT4 or cTrader, and program languages are different for each. If you have a trading program for MT4 and cTrader, then you need to have your own way to utilize that program to “Fortrader” somehow.
For more information of Fortrade, you can find it from below.