Fort Financial Services Review Is Fortfs.com A Safe Forex Broker

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Fort Financial Services Review – Is fortfs.com scam or safe?

Trading Accounts

Account type Minimum deposit Minimum trade size Maximum leverage Spread Execution
Fort $5 0.01 1:1000 Fixed, 2 pips on EUR/USD instant
Flex $5 0.01 1:1000 Floating, 1.3 pips on EUR/USD Market
Pro $500 0.1 1:100 From 0.1 pips + commission
$1.5-$9 per lot (per side)
Market

Clients of Fort Financial Services are offered a choice of three main account types: Fort, Flex and Pro.

The FORT account is suitable for inexperienced traders, as well as for those who prefer to fixed spread trading and want to know its size in advance, regardless of market volatility.

Most experienced traders would probably choose to open a FLEX account and trade with a variable, preferably tighter, spread.
Each of the FORT and FLEX real accounts gives you the choice of micro accounts and full currency trading, standard or cents. In addition, the broker has developed a FLEX type Cent account especially designed for newbies. No commission is charged for overnight transfer and what is more, in cases of failed transaction, it offers 10% credit of the recorded loss as a form of support from the company.

Both the Fort and Flex account type are commission-free, while the Pro Account involves a commission fee ranging from $1.5-$9, depending on the volume traded, since it offers holders floating interbank spreads in ECN environment. Even during breaking news or lower night liquidity, the spread for EUR/USD pair rarely increases to more than 1.5 pips.

What is more, VIP service is available to clients, whose total balance of trade accounts in the MT4 system has reached 25 000 USD, excluding bonuses (or its equivalent in another currency). Such clients may benefit from monthly compensation of up to 30% of the commissions and spreads charged by the company and the liquidity providers, the possibility to connect an individual Rebate service, as well as Lower commission for ECN PRO accounts.

The Company

Behind the brand Fort Financial Services is an international brokerage company established in 2020 in Belize. Fort Financial Services Ltd. operates on the basis of the international brokerage license, issued by the International Financial Services Commission of Belize (IFSC).

Fort Financial Services (formerly TradeFort) offers trading in a wide range of products, such as forex, indices, commodities, metals, various CFDs (including on cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple) and binary options.

Security of Funds

As we have already mentioned, this broker is licensed and regulated by the International Financial Services Commission of Belize (IFSC).

Unlike NFA, FCA and other financial watchdogs, IFSC has very liberal control over forex brokers. Its supervision focuses on promulgation of regulation and a mandatory code of conduct, as well as the licensing process. The commission places little emphasis on compliance-checking, reporting and on-going supervision.

Trading Conditions

Overall, this broker’s trading conditions could seem attractive both to new traders and experienced ones alike.

Minimum Initial Deposit
Fort Financial Services has low minimum deposit requirements for all trading account types – $5 and $500 respectively. Additional requirements are set for those who wish to use the CQG and NINJA TRADER platforms – a minimum of $2500-$5000 and $1000 respectively.

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In comparison, Exness, which also holds a IFSC license, demands no initial deposit (as regards its Mini account) and $300 for its ECN account.

Average spreads & Commissions
There are trading accounts with both fixed and floating spreads in the broker’s product portfolio. As regards the commission-free accounts, fixed spreads amount to 2 pips on EUR/USD and the average variable ones are 1.3 pips on EUR/USD, which are both considered average. The Pro account provides row interbank spreads as low as 0.1 pips on majors, however a commission is charged, ranging from $1.5 to $9 per lot per side, based on the volume traded.

In comparison, Exness provides fixed spreads of 1.7 pips on EUR/USD and average variable ones on the commission-free accounts amount to 0.9 pips on EUR/USD, while ECN account offers average spreads of 0.4 pips on EUR/USD, and a commission of $ 2.5 per standard lot.


Maximum Leverage

Leverage with this broker is flexible, increasing or decreasing automatically, based on the account balance. The maximum leverage rates offered are high, reaching 1:1000.

In comparison, another Belize-based broker, Colmex Pro, offers leverage up to 1:400, while Exness provides leverage as high as 1:2000. We advise traders to exercise caution when using Higher leverage levels, for they may not only multiply their earnings on a small deposit, but also lead to heavy losses in excess of the initial investments made.

More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.

Trading Platform

Apart from the famous MetaTrader 4, Fort Financial Services offers its customers CQG and NinjaTrader, through which users can trade in futures and options, as well as a special binary options platform. All basic platforms offer NDD execution and automated strategies, one-click trading as well as trading directly from the charts.

The most popular platforms for traders, MetaTrader 4, is optimized to work with this broker in particular, adding a few improvements. Coming in desktop, web and versions, MT4 offers a number of technical indicators, extensive back-testing environment, advanced charting package and a wide range of Expert Advisors (EA), allowing clients to fully automate their trades. In this regard, the broker also provides the use of VPS (virtual private server) to customers who are using EAs to trade, allowing trading robots work more efficiently due to a high-quality broadband Internet connection, and also enabling traders to make timely adjustments to the advisors1 operation.

Fort Financial Services also invites professional traders to work through a stock exchange terminal created by CQG Inc., which has 4 types of access: the light version of the CQG Trader, the functionally rich CQG QTrader, the professional CQG Integrated Client and also the CQG WebTrader, through which you can get access to all websites in the world of online trading.

What is more, this broker has partnered with NinjaTrader, LLC. and also offers NinjaTrader. This is an application for advanced charting, market analytics, trading system development and trade simulation, providing automatic control strategy for position management, right from client log on.

Bonuses System
This broker offers two types of bonuses:
– no-deposit welcome bonus of 5 USD, available with Fort and Flex accounts in any currency;
– deposit bonus from 10% to 50% of the deposited amount, which may be withdrawn only after you certain account turnover conditions are met.

Besides, Fort Financial Services, trading as FortFS, has partnered with Forex rebate website PayBackFX to offer cashback rewards to its clients for each order they make. The website pays different rebates depending on the type of account. Holders of Flex or Pro are eligible to receive back $3 for each round-turn lot, while investors trading via Fort accounts can get back 30% of the spread they paid. Rebate rates for trading in contracts for difference (CFDs) is 26.25% of the spread.

Methods of Payment

Fort Financial Services offers its clients the following payment modes: credit/debit card, e-wallets (QIWI, WebMoney, Skrill, Neteller, Perfect Money, FasaPay, RBK Money) and bank wire.

Conclusion

Despite its looser regulation, Fort Financial Services appears to be a decent broker, offering reasonable conditions for trading in a variety of products through different platforms. Here are, in a nutshell, the advantages and disadvantages of Fort Financial Services:

Fort Financial Services Review: Is Fortfs.com A Safe Forex Broker?

Fortfs.com Review: this is the website of a Forex broker that is located in Saint Vincent and Grenadines. This is an offshore location that begs the question, is Fort Financial Services a scam Forex broker? Since this is an offshore based broker, funds safety is not assured. Find out more about this company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Fort Financial Services mentions on its website that it is located in St Vincent and Grenadines, which is an offshore location. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Fort Financial Services

Trading with this broker gives clients access to a high amount of leverage and “a trading margin that is equal to zero”. There are Islamic accounts that are swap-free and many deposit bonuses. Tradable assets are many and impressive for clients to choose from.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Fort Financial Services Trading Platform

Fort Financial Services offers traders access to the following trading platforms: MT4, MT5, NinjaTrader, and CQG. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are 60+ currency pairs, 10+ cryptocurrencies, and CFDs on 50+ commodities. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:1000 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads are from 0.1 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Fort Financial Services

The means that traders are to use to make deposits and withdrawals are VISA, MasterCard, FasaPay, local bank deposits, Neteller, PerfectMoney, Qiwi, Skrill, and WebMoney. We find these options listed an encouraging thing.

This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $1 is required and this is within the obtainable average of $100 to $250 that is common among legit brokers. Withdrawal fees are not applied and we find this encouraging but they are not completed instantly rather takes 3-5 days.

There is a bonus of 100% offered to traders on making deposits. We find this to be more of a disadvantage because bonuses are commonly used to tie down the funds of clients by scam brokers. They attach ridiculous and unattainable withdrawal conditions after giving traders a bonus. We will prefer if traders are informed of what the conditions are upfront.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Fort Financial Services Licensed?

Fort Financial Services is not a properly licensed and registered broker. Even if anyone comes across a mention of licensing from this firm, so long as it is based in the offshore location, it is not likely to be a trustworthy one.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

We want readers to know that there are positive things being said about the broker online. On FPA, the broker’s representative is active and responds to complaints in time.

Support

To contact the broker call +371 67 66 0716 or email to [email protected]

Conclusion

Fort Financial Services claims to be licensed in an offshore location and we do not find this sort of regulation satisfactory. Despite this, the conditions offered are tempting and it has a good reputation in the Forex market. If you have anything to say about this broker, do so in the comment section.

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Fort Financial Services Reviews and Comments 2020

I deposited around $500 into my account. Now FortFS has taken all of my money away. I am a US citizen, so they said they have the right to take all of my money.

I trade with FORTFS about a year. This is not a very long period but it is enough to write a review. The impression of the company is good. The conditions for manual trading are very good but for EA I think it is just perfect! Withdrawals are OK so I think this broker deserves positive review.

I am with FortFS 1,5 years now. Started with No deposit bonus but could not work out conditions to withdraw it. But trading is really OK. I deposit 100 USD and already withdraw more than 200. Spreads sometimes go wider on news but all brokers have it. But in general everything is good . Withdrawals are OK.

i want to withdraw my money but they are not givng money. support is also off. phone is off.

be aware after complete lots when i submit withdraw request they reject and i recive and email i have a complete statement or withdraw request screen shot.
Dear Client, Welcome bonus and profit gained with the help of bonus funds were canceled according to the clauses 11-12 of Welcome bonus conditions. 11. In case of fraudulent actions (such as: the bonus was received by the same person on more than one account or under different profiles, multi-directional trades, meaningless lots generating and etc.), the company reserves the right to, without prior notice, cancel the bonus and the earned profit from such an account (accounts). 12. In case of any relation is detected between accounts (IP address, used devices and etc.) as well as the use of services that provide anonymity (VPS, proxy, VPN, networks such as VPS and etc.), the company reserves the right to, after investigation, cancel the Welcome Bonus and the earned profit. In particular, our investigation has revealed trading without commercial meaning in order to artificially generate lots, which is a direct violation of terms. Sincerely yours, FortFS. Ticket Details. Ticket ID: 275490. Department: Dealing. Type: Issue. Status: Closed. Priority: Normal

I opened and account with them, they cleaned out my Account for 1200 euros. Are these people for Real, fraudulent no respect for clients.

took the recent bonus, the bonus is good. they paid me my money after some time, all i need is trade many lots. but it is free bnus. recommend for new trader to try. tq fort

I work thoroughly for about a year with a broker, I like that the leverage has range, I trade at 1: 200 is pretty safe. MT4 is also convenient, I do not even really need MT5. Money is paid in good faith. and this broker faithfully withdraws money without incomprehensible delays.

I started not so great but I gained a lot of respect for FortFS. There was a misunderstanding at first and a mistake but they can admit when they were not right and solved the problem with my order. The live chat was very helpful. I will continue trading here for now because they seem a responsible broker.

Not my first forex broker and impressions about it make it the most good. The platform is reliable, fast, with no glitches, for example, there is no way for them to change the order. Learning and demo and real is just great. I have a STAR account that grows really well, I’m very happy. In general, very professional. I spoke recently with people whom I recommended tp join my STAR on Fort Fs, also pleased.

FortFS is a scam, Very bad broker, i funded my account with $100, one day i woke to $0 without trading, with No explanation whatsoever. stay away.

That is super weird to read, just came here to leave a good review. Such thing never happened to me. Are you sure you have done nothing wrong?

Helmut 25 October, 2020

My negative live experience is in two areas: 1.) 27.6.2020 broker fortfs without prior notice expanded EURZAR spread from 640 points to 14260 . When I closeed my positions one day after, the broker narrowed the spread to 7,200 points. At this time, no interest rate on the EUR or ZAR changed or the spread of the other brokers did not change. 2.) The $ 12,000 withdrawal took more than 2 months. Because I funded by my credit card, I had to withdraw by making a payment card with a limited choice of $ 2,000. At fortfs you have to wait until the money are on my account and it can take weeks, so it is usually the case that the withdrawal is after 6 days waiting rejected. When you ask why, it will tell you that the error occurred with the sorexpay payment company. It’s the lie, because if you want to write a error statement from fortfs, they do not send anything and the subsequent transfer will go well. For me, the behavior of this company is unacceptable and unprofessional, even if under their conditions everything is hidden and so NOTHING actually works against business rules. Beware of this broker with many awards.

was trading with no deposit bonus and have jsut received my withdrawal. very good and transparent. nice experience, dank!

I trade with FortsFS for 2 years. Never any problems, support is always helpful. Platforms work really well and spreads are some of the lowest. I wd almost 2k during my time with them. Very good broker for everyone.

Very professional and support team is verry helpful. They have accounts for demo and actual. I use flex account spreads is some of the tightest. Can use MT5 as well. Very good metatrader broker.

Fort Financial Services is a well regulated broker, they a have good team espicially a nice support who is always present. Trading with Fort Fs is a real fun

I have been trading on many brokers and the truth is FortFs is considered one of the best brokers, there are no fees for withdrawals and deposits, the spreads are tights, the support always presents and they are giving no deposit bonus which allow you to test their services without any risk.

Good broker. When I wanted to withdraw they ask me to verifiy. And I upload documents and they verified my documents with 20 minutes and withdraw my money. Compare other broker Fortfs have good spread and low commision. Fast withdraw, good support, help and friendly. I can recommend for trading on news. And their copytrade platform is very good. Good luck

Hi, Forex-rating. Fortfs Account 3777282 Wthdraw decline #975969. I am writing to express my utmost fury at Fortfs as they rejected my withdraw request of $318.40 profits, I placed 1 trade fair and square with 1 trade position on Friday 23:55 pm at market price for the French Election and held over the weekend following the correct procedures and closed postion at Market open prices on Sunday only to be told that from the email that my withdraw was canceled due to: ”Your request was rejected due to the decision of risk-management” 5. Non-market prices. 5.5. The Company shall guarantee that a non-market price will be deleted from the instant quotes by bringing the trading history in line with the actual market prices. 5.6. Provided that the Company or a Client could provide a sufficient evidence that opening and/or closing the trade has been executed with the price significantly different from the market price, the Company undertakes to recalculate financial results of such trade according to real market (exchange or interbank) quotations or completely cancel it.” I have emailed their [email protected] and have strongly asked that they recheck this as I have provided the evidence from screenshots taken during the trade this and and asked them to proceed with my withdrawal, they replied with the same email and now they are no longer responding to my emails. I have ask IFSC/FPA to raise a case against Fortfs to try and get my profits back especially when I traded to fairly, please see evidence below. Thanks.

It was a nice platform long time ago. I’ve discovered they increase spreads in some cases so you can’t notice it. But my automated scripts identified that spreads are getting bigger when there is a flat market and no obvious reasons to get wider. So they get some extra income and we lose some advantages to make more profit. It’s up to you to work with them. However, I encourage all traders to switch to another broker. Please, give some comments on it if you face the same problem.

Since I opened a trading account here, I could test out the options available using no deposit bonus without spending my own funds. I’ve chosen floating spreads and I am satisfied with their fair values. By the way they also provide pairs with zero spread and proper liquidity. There is a huge range of trading tools, which allow players to trade with profit easier. Withdrawal is available only after verification of a trading profile and that’s a perfect safety measures. Even if I try to mention some negative point, I couldn’t. In addition to its support service the broker offers online consultant, which renders assistance in trading right on its website.

This is a broker with a good trade execution and attentive customer service ready to answer any question. Here you find professional trading platforms offering relatively low spreads. Moreover, they give pleasant bonuses allowing easy trading without any financial risk. New traders get $ 5 no deposit bonus and trade with it. Hedging and scalping are available. During news you can face some slippage. But that’s ok. Much worse when the broker rejects withdrawals if, as they say, the trading terms are abused. And there is no chance to prove the opposite! So if you are not experienced, you’d better look for a less aggressive broker.

Hello everyone! The Fort Financial Services broker is my favourite broker for now. Since I opened a trading account I was able to get no deposit bonus so I could test out the services without making any deposit. Currently I’m working on my floating spread swap free account and I enjoy it. The execution is fast, the list of trading instuments is huge and the spreads are fair. This broker requires verification of a trading profile for withdrawals, but it’s very quick and easy. In fact if I have any problems with my trader’s room or services I contact their support team. The support team is very good and operaties very quick. I can recommend Fort Financial Services broker to everyone who is looking for a trustworthy and fair broker.

It is 100% doubtless and confidently said that Fort Financial Services as one of the best brokers.I have a/c newbie Flex. low spread mostly withdrawal is very smoothly. Live long, Forts. Rezaur Rahman.

Hi! I have an account with the broker and being working with them for a while. Personaly, I rate Fort Financial Services as one of the best brokers available for the traders like me. I have a deposit about $2000 and I use their free VPS. Generally I use in my trading several accounts, depending on a strategy. My VPS allows me to use at the same time five the MT4 trading platforms and it works well with me EA. A couple times I had problems with my EA due to its hyperactivity, but it was easy to fix and Fort Financial Services customer support quickly helped to me to solve the problem. What I especially like about the broker is: quick exectution, fast withdrawal request processing, low spread, a wide range of trading instruments provided. So far I have only positive experience with the broker. Five stars out of five.

Hello everyone. I trade on news and scalping is my strategy. The broker is appealing for me in the sense that there is no limitation of the duration of an orde r. Not at all. That means that an orde r can be closed immediately after it was opened. I also like that I could start my trading with a free $5 bonus. Everyone is allowed to get the bonus after verification. So go ahead get registered than verified and get your free bonus. Better try it once rather than speculate about it.

Fort Financial Services has some good points in comparison with other brokers. They have low spreads and they allow to use some strategies that are forbidden in other companies. They also provide pairs with no spread for those who don’t want to deal with it. All this makes Fort FS a perfect broker for newbies and experienced traders.

I’m taking a part in S.T.A.R. program offered by Fort Financial Services. Currently i’m working as investor – not because i’m a new one but due to the fact that see that serious traders work with them and i can feel myself calm investing money in good manager. After some time i would definitely become a manager by myself. I recommend to check their conditions as well as managers of this investment program. Highly recommended service, great service!

Fort Financial Services is good for several reasons. They work with most countries in the world and provide their service professionally. They grand welcome bonus to all clients and let withdraw it without depositing your own funds. They have all instruments that you need in trading. Their support is always ready to answer your questions.

Not so long time ago i’ve been spending my days in searc of a good and fair broker. On some forum i found the article tell us STAR programs which is offered by Fort Financial Services. Sounds good – I thought. I checked this program and it is appeared the one i was looking for. I’m good in trading but from time to time i do not have my own free funds to invest and that is why i prefer to be a manager. The conditions these company offers are quiet comfotrable for both sides – you agree the amount of profit each of both sides get. You can use the leverage up to 1:200 and trade a big list of instruments. In next few weeks i’m goint to test this program

Fort Financial Services is a licensed international financial broker which operates under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize. The company is operating since 2020 and is trusted by clients from more than 30 countries worldwide. The unique.

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