FortFS

The Company

Behind the name Fort Financial Services is an international brokerage firm that was established on the 10th of October 2010 Belize. Fort Financial Services Ltd. is based on its international brokerage licence granted from the International Financial Services Commission of Belize (IFSC).

Fort Financial Services (formerly TradeFort) provides trading on many different products, including commodities, indices, forex metals, different CFDs (including on cryptocurrency such as bitcoin, Ethereum, Litecoin and Ripple) and binary options.

Security of Funds

As we’ve mentioned previously that this broker is licensed , and monitored through the International Financial Services Commission of Belize (IFSC).

Contrary to the NFA, FCA and other financial regulators, IFSC has very liberal oversight on forex broker. The focus of its supervision is the making regulations and a code of conduct and also the process of obtaining licenses. The commission does not place much emphasis on the process of compliance-checking, reporting and continuous surveillance.

Trading Conditions

Overall, the broker’s conditions for trading could be appealing to traders who are new and those with experience.

Minimum Initial Deposit

Fort Financial Services has low minimum requirements for deposits on any type of trading account – $5 and $500, respectively. Additional conditions are set for clients who want to utilize CQG and NINJA TRADER platforms. CQG or NINJA TRADER platform. These require the minimum is $2500-$5000 and $1000 respectively.

Contrary to this, Exness, that also has an IFSC license, doesn’t require an initial deposit (as with the Mini-Account) as well as $300 to fund the ECN account.

Average spreads and Commissions

The trading account comes that have the option of fixed and floating spreads within the product portfolio of the broker. In the case of non-commission accounts, fixed spreads range from 1 to 2 pips when EUR/USD is exchanged as well as the typical variable spreads are 1.3 per cent on EUR/USD, that are both considered average. The Pro account offers row-interbank spreads as low as 0.1 percent on the majors, but there is a fee for commissions and ranges between $1.5 or $9, depending on the volume of trade.

Comparatively, Exness provides fixed spreads of 1.7 per cent on EUR/USD. average variations on accounts that are commission-free amount to 0.9 percent on EUR/USD however, the ECN account provides an average spread of 0.4 pip on EUR/USD and a fee of 2.5 dollars per standard lot. 2.5 per normal lot.

You can find the real-time spreads for 15 of the top broker here.

Maximum Leverage

Leverage offered by this broker is ad-hoc and can be adjusted in real time, depending on the balance on your account. The leverage rates available are extremely high, reaching 1:1000.

A brokerage based in Belize, Colmex Pro, offers leverage of up to 1:400, and Exness offers leverage up to 1:2000. We suggest traders use cautiously when working with higher leverage levels, as they might not just multiply their profits with a modest deposit, but can also cause significant losses in over the initial investment made.

Other forex brokers who offer leverage that is greater than or equal to 1:500 are available on this page.

Trading Platform

In addition to the well-known MetaTrader 4, Fort Financial Services provides its clients with CQG and NinjaTrader with which customers can trade futures and options and also a binary option platform. The basic platforms all offer NDD execution, as well as automated strategies, such as one-click trading, as well as direct trading using the charts.

The most used platform to trade on, MetaTrader 4, is designed to be compatible with this broker specifically and has a few enhancements. It is available in web, desktop and mobile versions, MT4 offers a number of technical indicators, an extensive back-testing capabilities, a sophisticated charting software and a broad variety of Expert Advisors (EA), which allow clients to fully automatize their trading. In this respect, the broker also offers the facility of the VPS (virtual private server) for clients employing EAs for trading, which lets robots that trade to work more efficiently because of a high-quality connectivity to broadband Internet connection, as well as making it possible for traders to make prompt adjustments to the advisor’s operation.

Here, you can search for additional forex brokers that offer the MT4 platform.

Fort Financial Services also invites professional traders to use an exchange terminal for stocks developed in the company of CQG Inc., which offers four types of access that include the basic edition of CQG Trader, the functionally extensive CQG QTrader as well as the more advanced CQG Integrated Client and CQG WebTrader. CQG WebTrader, which is through which you have access to all the websites within the realm of online trading.

Furthermore the broker has also partnered in partnership with NinjaTrader, LLC. and offers NinjaTrader. It is an application that allows advanced charts, market analytics development of trading systems and trade simulation. It also provides an automated control strategies for managing positions right at the time of login for clients.

Bonuses System

This broker offers two kinds of bonuses:

Welcome bonus with no deposit of 5 USD, which is available for Fort as well as Flex Accounts in every currency.

Bonus on deposits of between 10% and 50percent of deposit amount. This bonus can be taken out only after meet certain conditions for account turnover fulfilled.

In addition, Fort Financial Services, trading under the name FortFS is a partner of Forex rebate site PayBackFX to offer cashback reward to its customers for each purchase they make. PayBackFX offers different rebates based on the kind of account. Account holders with Flex or Pro are eligible to receive $3 back for each round-turn lot. Likewise, those who trade on Fort accounts will receive 30 percent of the spread have paid. Rates of rebate for trading CFDs (CFDs) are 26.25 percent of the spread.

Methods of Payment

Fort Financial Services offers its customers the following payment options including credit/debit card, ewallets (QIWI, WebMoney, Skrill, Neteller, Perfect Money, FasaPay, RBK Money) and wire transfer to banks.

Conclusion

Despite its more loosely regulated, Fort Financial Services appears to be a good broker, with reasonable conditions for trading a range of commodities on different platforms.