FortFS Review 2024 - Is Legit or Scam | Forexing.com (2024)

FortFS General Information

Our FortFS Review

FortFS What You Need to Know about the Belize Based Broker

Based in Belize, FortFS or Fort Financial Services came into existence in the year 2010. The brokerage firm was established by a group of financial professionals who wanted to provide both beginner and professional traders with the best in class brokerage services. At FortFS, traders can trade a wide range of financial instruments including Forex, Commodities, Indices, CFDs, Metals, Cryptocurrencies, and Binary Options. Continue reading to find FortFS Review and also discover more about the broker’s services and offerings for traders.

FortFS Trading Platform

Before you create a trading account with any broker, it is important to learn more about their trading platform and its various features. As far as FortFS is concerned, the brokerage offers highly trusted and efficient trading platforms to its users. We tested each of their platforms to find that they offer some of the finest features, excellent services, and enhanced user experience.

FortFS offers multiple platforms, including MetaTrader 4, MetaTrader 5, NinjaTrader, and CQG. While, MT4 is an immensely popular trading terminal, known for its convenience and versatility, MT5 is an advanced platform that enables traders to trade stock, forex, CFDs, futures, and even cryptos. The CQG terminal, on the other hand, has been specifically designed for trading futures, derivatives, indices, spreads, options as well as the OTC products on the internet. Finally, the broker offers the NinjaTrader platform that offers a host of innovative features such as market analytics, trade simulations, and designing of trading mechanisms or systems.

Deposits and Withdrawals

FortFS allows traders to deposit funds in multiple ways including Neteller, Skrill, Webmoney, PerfectMoney, FasaPay, QIWI as well as Visa/Mastercard payment and through bank wire transfer. Deposits are usually processed immediately; however, in certain cases such as when you deposit through the Malay, Indonesian, Thai, and Vietnam local banks then the broker may require anywhere between 2-5 days to credit your account.

When it comes to withdrawing funds, traders have no limit to withdrawals if they use WebMoney or PerfectMoney. Apart from this, Skrill, Visa/Mastercard, QIWI, Neteller, FasaPay and other local bank withdrawals have a limit to the amount that traders can withdraw, which is typically in the range of 1000-2500 USD.

Account Types & Spreads

With FortFS, one get four different types of account options including Newbie, Flex, Fort as well as Pro. For newbie account holders, the spreads start at 0.3 pips, and the minimum amount that can be deposited is 5$. Leverage, for this account type, goes as high as 1:1000.

Similarly, Fort account holders need to make a minimum deposit of 5$, and the spread is fixed at 2 pips, whereas leverage allowed is 1:1000. The spreads for Flex account holders are 0.3 pips, and the same for Pro account type is 0.1 pips. Designed for professionals, the minimum deposit required for setting up a Pro account is $500.

Conclusion

Overall, FortFS is a widely trusted broker that offers good customer service, a broad set of financial instruments for trading and low initial deposit as well as bonuses (FortFS no deposit bonus as well as the Deposit bonus) to traders. However, the broker has no stringent regulations in place. The broker is only regulated by the IFSC (International Financial Services Commission) and no other regulatory body.

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