Floating spreads for these pairs during the volatile period were 1214 pips for EUR/MXN and 3653 pips for GBP/TRY. Note that exotic pairs do not have their zero spread options listed. Fort Account fixed spread for XAU/USD is 75 pips and for XAU/EUR 150, higher than variable spreads during Friday closing volatility. Although for Palladium and Platinum https://traderoom.info/fortfs-overview/ the spread was fixed to 600 pips, lower than floating spread. For spot Silver, the fixed spread was 10 times lower at 6 points. Overall, the platform is designed and superior for scalpers that need to have extra options for their strategies or automation.
Stocks offer is average with just 50 companies from the US markets only, and all of them are popular. They are somewhat diversified by the industry as usual, but nothing special in this category. MetaTrader 4 is also available in all versions, as a web trade, for mobile devices running on Android and iOS and for computers running on Windows. This time we have tested the Flex Account and we could find two FortFS servers, Live and Demo. There are 9 opened charts with custom backgrounds and themes with some indicators plugged in. The platform is connected to many exchanges globally such as CBOT, CME, COMEX, GLOBEX, IOM, SGX, NYMEX, KCBT, SFE, Eurex and a few more.
- VISA, MasterCard and Qiwi can also be used for Ruble deposits, not just EUR or USD.
- The MT5 trading terminal is compatible with EA’s and risk management algorithms.
- GBP/USD has -7.79 and a positive short position swap 0.86 GBP.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity.
- The minimum deposit presented on the table is $5 for Fort, Flex, and Newbie Accounts.
- Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old.
Educational & Trading Tools
From precious materials, ETFs traders can find GlodMiners, Diamonds, and S&P Metals and Mining ETFs. TRY quoted pairs shown the biggest swaps around -$100 for long and $3 for short position. For precious metals swaps are calculates in percentage terms per annum. XAU/USD has -5% on both sides, XPT/USD -1.37% and XPD/USD -3%.
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The demo opening process is simplified and done through the platform, with most of the fields automatically filled in. The trader can select the account type, leverage, funds amount and so on. The only Account that does not have the micro-lot size volume is the Pro Account where the minimum trade size is 0.1 lots but any additional volume steps are 0.01 lots. Stops level is usually zero or one point for Flex Account, which is convenient for scalpers. For Fort Account Stops level varies from 0 to 86 points we have noticed with GBP/ZAR currency pair. Double-digit Stops levels were mostly for exotics while others have marginal values.
WebMoney and PerfectMoney charge deposit fees at 2% and 1% respectively. Talk about its regulatory status, FORTFS is at a disadvantage. The broker is only registered as an International Business Company in St. Vincent & the Grenadines. Aside from this, it has no other regulatory certification from other financial institutions of different jurisdictions.
FortFS did not want to change the client defaults so 4 non-working charts may not be a good presentation to a novice if they decide to go with the Pro Account type. Inside the indicators list, we have noted a long list of custom added indicators and 3 basic templates. For the Pro Account, you will see only Forex, Commodities and the Indicative symbols groups as this account type does not feature all the possible assets.
Support and Resistance levels are marked with some more info on what is going on in the market, but very basic. Some better content is provided in the Fundamental section that is brief but captures the gist. Also, there are weekly and monthly outlooks on markets, including Crypto. QTrader features modules whit specific functions that add on to the platform versatility. Trading shares is not possible with Newbie Account anyway, also ETFs are out. Leverage is high and enough for most, without the possibility to reduce it.
- Whether you’re interested in buying, selling, or investing, our real estate section provides expert advice and market trends to guide your decisions.
- The winning tradition continued for FORTFS and its most recent recognition was in 2019, getting the Best Forex Broker distinction by Fxdailyinfo.com.
- FORTFS is among the few brokers that offer a number of bonuses and programs for clients.
- FortFS is known for its cent accounts, bonuses, platforms, and a great range of trading assets, that match their slogan, “Citadel of Trading”.
- If we stick to the MT4/5 platform only there are 8 categories by our count.
- VIP status is reached once a trader has a $25,000 balance excluding the bonuses.
Creating a Build Definition
These are Crypto, Futures, Commodities, Precious metals, ETFs, Stocks, Indexes, and Forex with an additional zero spread currency pairs sub-category. This is a full asset range we had available with the Flex Account. VIP status is reached once a trader has a $25,000 balance excluding the bonuses. NinjaTrader has an insight into true market depth, simultaneous orders at different prices which opens special possibilities for experienced fast trading traders. The testing module is also somewhat better than MetaTrader’s Strategy tester with the ability to back and future test, simulated data feed support, and Monte Carlo simulation.
Meanwhile, the MetaTraders are not amenable to a micro-lot account. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. In one year I made 6000+ of a 1700€ deposit.today they closed a trade that was losing 1500, and all my balance is lost! I can only withdraw the 1700 deposit amount.the MT5 history shows a balance reset operation (?) where 6500€ are supposedly withdrawn, but not to my account. A popular exchange trading terminal with advanced graphical display of prices, market analytics.
Most of these traders are also attracted to the leverage, bonuses and other promotions that can be abused. For Indexes, the commission is 0.075% per lot and Crypto – 1.5% per lot traded. Stocks have 0.1% commissions per lot and ETFs have 0.1% per contract Swaps for Forex are under normal levels, with some positive figures and calculated in currencies. EUR/USD swap is -9.91 for long and 0.18 EUR for short per lot. GBP/USD has -7.79 and a positive short position swap 0.86 GBP. Interestingly as we go towards minors and more exotic currency pairs, the swap is lower on both sides.
FORTFS Overview
USD/DDK with -5 USD long swap and -20 USD long is the first example where the swap is more significant. FortFS offers 4 trading platforms out of which some are dedicated to certain instruments. MetaQuotes platforms are well known as almost all brokers use it but NinjaTrader and CQG are not that popular. NinjaTrader has some advantages over MT5 like more charting customization and features, historical data selection, better stability, multiple data feeds, and more.
This platform provides direct trade with convenient option on click trading. The most widespread trading platform with modern and graphical tools and numerous indicators. Founded in 2010, Fort Financial Services Ltd was established to provide services for both beginners and veterans in the trading community. With the impossible to login, l couldn’t close my open trades. I think they have done this deliberately so that my account can be in negative.
This FortFS review will evaluate the broker services by sections so traders will have complete insight into points of interest. FORTFS is ahead of its competitors when it comes to platform offerings and client promotions. However, the broker needs to fortify its regulatory affiliation and widen its range of asset classes to cater to more traders. The minimum deposit presented on the table is $5 for Fort, Flex, and Newbie Accounts.
Cryptocurrencies also have percentage swap and they are -20% on all. Swaps are tripled on Wednesdays and for Crypto on Fridays. Some of the charts were offline as the matching asset name is different. The symbols are also grouped and categorized differently. The execution time is 130ms on average, twice slower than the MT5 although still fast enough, faster than presented “from 0.3 s”.