In this section we will analyze the broker FortradersFX (also called fortradersfx.com), is a Forex and CFD broker. Is FortradersFX really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on FortradersFX. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
It is worth mentioning that the FortradersFX website does not have a Spanish version, although due to messages from Spanish-speaking clients, we have also decided to review FortradersFX.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: ForTradersFX Ltd.
As to its location, the broker mentions being based in: Marshall Islands.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by FortradersFX, we noticed that they offer 4 different types of account / plans: Mini Account, Bronze Account, Silver Account and Gold Account. We leave an image with a little information about each type of account.
Mini Account: basic training, expert advisor, personal account manager, fixed spreads, 24/5 support, 1: 100 leverage, access to forex news, access to resource center, access to knowledge center.
Bronze Account: standard training, expert advisor, personal account manager, floating spreads, 24/5 support, 1: 100 leverage, access to forex news, access to resource center, access to knowledge center, webinars.
Silver Account: standard training, expert advisor, expert personal account manager, floating spreads, 24/5 support, 1: 200 leverage, access to forex news, access to resource center, access to knowledge center, webinars, daily market analysis, one-on-one training.
Gold Account: standard training, expert advisor, personal trainer, floating spreads, 24/5 support, 1: 200 leverage, access to forex news, access to resource center, access to knowledge center, webinars, market analysis daily, one-on-one training, personal trading conditions.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that FortradersFX offers are: Sirix.
We will now analyze the different resources and aids for the trader that FortradersFX provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
FortradersFX provides the following help or resources to traders or interested parties: some live charts, explanation of financial products that FortradersFX offers, economic calendar, news about financial events, information on basic concepts about the world of investments, glossary, question section frequent, really not much more than this.
| Other information about FortradersFX |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number+ 44 07956568563
Email: [email protected]
>>> Assessment on FortradersFX <<
Ending with this section, in our opinion Do we think the FortradersFX company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries, when looking for reviews about FortradersFX We found a lot of negative feedback reviews. We suggest using caution.
Medical Attention: in June 2020 lCONSOB (Italian financial regulator) has added FortradersFX to its blacklist of unauthorized brokers.
➡️ Link to CONSOB's June 2020 warning ⚠️
⛔ Attention ⛔ : in November 2020 CONSOB added FortradersFX to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to CONSOB's November 2020 advertencia️ warning
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.