FortFS offers 4 account types that are differentiated not by the minimum deposit requirement, but with key categories like fixed spread, cent account, or faster execution. Starting with the Newbie Account it is evident that the broker offers one specialized account that received rewards as the best for inexperienced traders. The Account features cent base only, meaning every $ is represented as 100 currency units, changing the scale of trading that allows forgiving losses.
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Exness Account Types
For spot Silver, the fixed spread was 10 times lower at 6 points. As for already known Metatrader 5, we can say it works very well with FortFS servers. There is only one server to select – FortFS live with a ping of 53ms. The reason behind this is the FortFS does not have the default trading instruments names but with the “p” suffix for Pro Account and f for Flex. Overall, the platform is designed and superior for scalpers that need to have extra options for their strategies or automation.
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With the Fort account, spreads are fixed from 2 pips, and in the Pro account, floating spreads start from 0.1 pips. Major pairs in the Pro account are the most competitive, at around 0.3 pips for the EUR/USD. In the Flex account, fortfs however, you’re looking at around 1.2 pips for the EUR/USD. Please check full details, parameters, and user reviews of this broker here and leave your feedback/trading experience so that other traders can be benefited.
Fort.fs / TradeFort has run off with our money…
A unique benefit of the Newbie Account is the 10% compensation on closed losing trades but at a cost of no bonus eligibility. For Cent accounts, the maximum volume is 10 standard lots per tradeable instrument. This FortFS review will evaluate the broker services by sections so traders will have complete insight into points of interest.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- FortFS is a competitive broker offering unique features and trading solutions.
- The table displayed below shows that Partner’s status and the partner’s reward depend on the total turnover (the volume of lots traded) the clients made for the last month.
- There is also a 200% deposit bonus available until January 4, 2024, for all FortFS clients.
- This bonus is available every time traders make a deposit into their trading account.
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 the spread was fixed to 600 pips, lower than floating spread.
Our curated collection of articles, features, and interviews offers in-depth insights into iconic landmarks, groundbreaking designs, and the visionary architects behind them. In addition, the number of open lots must not exceed 2 standard or 200 cent lots per contract. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, https://traderoom.info/ they’re about genuine experiences.Learn more about other kinds of reviews. 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.
Some additional information to this FortFS review that is important for investors. FortFS location cannot be determined and shares the common Belize location with many other off-shore brokers, some of which have scam reputation. FortFS does not give that impression at all, and most of the trust comes from their hard-to-achieve level of service and solid user ratings. Some of the bad ratings could come from traders that do not respect the bonus rules or use other prohibited techniques like quotes delay arbitrage and so on. Most of these traders are also attracted to the leverage, bonuses and other promotions that can be abused.