FortFS is an online broker that offers a range of powerful trading platforms for multiple devices along with flexible trading accounts for all types of trader. However, they have a limited range of trading instruments and are only regulated offshore. The brokers fees are also not the cheapest and you can find tighter spreads elsewhere.
show 1 FortFS Review, Pros & Cons 2 FortFS Overview 3 FortFS Regulation 4 FortFS Countries 5 FortFS Platforms 5.1 NinjaTrader 5.2 CQG Trader 5.3 MT4 Platform 5.4 MT5 6 FortFS Trading Tools 6.1 Virtual Private Server (VPS) 6.2 Traders’ Calculator 6.3 Short Term Assets Revenue (S.T.A.R) 6.4 Financial Calendar 6.5 Fundamental & Technical Analysis 6.6 Trading Signals 6.7 CopyTrading 7 FortFS Education 8 FortFS Instruments 9 FortFS Accounts & Fees 10 FortFS Support 11 FortFS Deposit & Withdrawal 12 FortFS Account Opening 13 FortFS Summary
FortFS Review, Pros & Cons
In this detailed FortFS review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Fort Financial Services was founded in 2010 with the vision to provide online brokerage services in forex, CFDs and futures markets. The broker is registered in St. Vincent and the Grenadines but has other offices in Malaysia and Indonesia. The brand offers over 500 assets for trading on its platforms.
The broker offers a variety of account types to cater for beginners, experienced and expert traders. Up to 4 professional trading platforms are available for the trading and analysis needs of clients around the globe. Multiple account funding options are also available.
FortFS operates the Straight through processing (STP) brokerage model. They have reasonable trade execution speeds, which start from 0.1 seconds. These are achieved through the Interbank ECN liquidity.
FortFS has won over 25 trading awards which were given to honour the broker for its trading services. Some of the awards include the “Best ECN/STN Forex Broker” which was won at the Shanghai Forex Expo in 2015 and the “Best Execution Broker” given by ‘forex-awards.com’ in 2017.
FortFS Broker Awards
Fort Financial Services Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 25307 BC 2019.
FortFS also states that the company is licensed by the International Financial Services Commission of Belize with an international financial brokerage license, IFSC/60/256/TS/17 which was issued on 15 April 2013.
The company states that it is committed to the ‘Anti Money Laundering’ (AML) policy and the ‘Know Your Customer’ (KYC) policy. This is in compliance with international laws to prevent financing terrorism, money laundering and other financial crimes. To this effect, all clients are verified using KYC procedures which involves uploading a government issued valid identity card and also uploading a utility bill. Politically exposed clients are not allowed to register for FortFS services.
To try and protect its clients from internet fraudsters, FortFS protects all its websites and clients with industry standard security measures. This includes the implementation of SSL technology which ensures that all user info is encrypted before it is transmitted over the internet. This protects user sensitive info like debit card details, ID cards, date of birth, etc, from being intercepted by internet identity thieves and hackers.
FortFS states clearly that its services are not available to United States residents. Some FortFS features and products mentioned within this FortFS review may not be available to traders from specific countries due to legal restrictions.
NinjaTrader is professional trading software designed in 2003 by the American company ‘NinjaTrader Group LLC’. The platform is full of complex tools for chart analysis, advanced trading and trading systems development. NinjaTrader already has over 1,000 plugin apps and numerous users from all over the world. FortFS clients can trade on this platform with a minimum deposit of $10,000. NinjaTrader is only available as a downloadable Windows desktop application, no WebTrader and no mobile trading apps are available.
Here are some of the core features of the NinjaTrader platform:
FortFS NinjaTrader Platform
This is a trading platform designed for fast trade execution speeds and direct access to trade on multiple exchanges. It was developed by an American based company with the same name. A minimum deposit of $15,000 is required before a FortFS client can trade on this platform.
CQG is priced as follows:
Here are some of the primary features of the CQG trader:
FortFS CQG WebTrader
MetaTrader 4 (MT4) is one of the most popular trading platforms that is used by traders all over the world. The platform is user friendly, versatile and has lots of tools for trading and conductin market analysis. The FortFS MT4 is available as follows:
Here are some of the main features of the MT4 trading platform:
FortFS MT4 Trading Platform
MetaTrader 5 (MT5) is a trading platform that was designed to replace MT4, although the former remains perhaps more popular. MT5 comes with most of the same core features as MT4 plus additional capabilities and new features. It is an advanced trading platform best for professional traders. FortFS MT5 is available as WebTrader, mobile apps for Android and iOS devices and also as desktop applications on Windows and MAC OS.
Here are some of the core features of the MT5 trading platform:
#1 Best Trading Broker Award 2021 AvaTrade is an award-winning trading broker that is regulated in 6 jurisdictions offering 1250+ instruments across multiple markets & trading platforms for web, desktop & mobile devices. They have low fees, tight spreads & rapid trade execution speeds.
FortFS Trading Tools
Virtual Private Server (VPS)
A VPS is often needed by traders who require reliability, fast connections or those who use EAs and other trading systems that they need to run around the clock. A VPS can run your trading platform 24/7 without you needing your own computer switched on as you access it remotely. FortFS provides VPS at no cost to all clients who maintain a minimum balance of $1,000.
This calculator helps the trader to calculate the margin, trading costs, swap fees and size of the contract. The trader just needs to input the asset he wishes to trade, lot size, leverage and account currency. This can help when planning your trades and with your money management strategy.
FortFS Traders Calculator
Short Term Assets Revenue (S.T.A.R)
This is an investment service where an investor can choose a manager based on his performance history. The investment managers trade on behalf of the investors and any profits are shared. There is no guarantee in the performance of this managed service and historical results should not be relied upon as an indication of future results.
The calendar of economic events is available on the website. Like the name suggests, it shows the exact date, time of an economic event and also its estimated impact on the price of a given asset. It also shows the history and compares it with the forecasts made by the analysts. Traders who use fundamental analytical methods will most likely require this tool as part of their analysis.
FortFS Economic Calendar
Fundamental & Technical Analysis
The FortFS analysis occurs several times a day and focuses on some selected assets including forex currency pairs and commodities. The analysis is prepared by FortFS experts and it is based on the latest market news and price movements. They include potential trading ideas based on the analysis.
The FortFS trading signals focus primarily on the major forex pairs and are frequently updated.
There is a social trading platform offered by FortFS where subscribers can automatically copy the trades from a master account. Subscribers are presented with ratings and statistics based on the performance of the master accounts. They can choose an account to copy, make a deposit and activate CopyTrading. The subscriber can monitor his trades or stop his subscription anytime. Past performance of the copy trading signals is by no means a guarantee of future performance.
The educational section of the FortFS website has multiple sections. Each section focuses on a topic and contains a training article. The lessons are on forex, trading platforms, technical and fundamental analysis, trading psychology and automated trading. The articles are well written with detailed examples, graphical illustrations and a professional approach.
To further help new clients, a glossary of trading terminology is provided on the website. It contains over 220 forex trading terms along with their detailed explanations.
The following instruments are available for trading on the MT4/MT5 platforms.
FortFS Accounts & Fees
The following trading account types are available at FortFS:
Swap free accounts are available for the Fort and Flex accounts. Newbie accounts are swap free and there are no swap free Pro accounts. Demo accounts are free and unlimited on the MT4 and MT5 platforms. Demo accounts are available on the NinjaTrader platform but it expires after two weeks. A demo account can be a good way to test different trading strategies and platforms before trading with real money.
FortFS Trading Account Types
As broker fees can vary and change, there may be additional fees that are not listed in this FortFS review. It is imperative to ensure that you check and understand all of the latest information before you open a FortFS account for online trading.
The FortFS customer support team works from 5am to 11pm from Mondays to Fridays. They can be reached on phone, email and online web chat. A ‘Contact Form’ is also available on the website and can be used to reach the support team. Registered clients can also reach the support team via web call which is powered by zangaya.com. On social media, they can be reached through Telegram, Facebook, Twitter, Instagram and YouTube.
FortFS Deposit & Withdrawal
FortFS Account Payment Options
FortFS Account Opening
It is simple to create a new trading account with FortFS. Visit the website and click on the ‘Open Account’ button which is at the top of every page just above the menu bar. The page showing all the four account types will be displayed. Click on the ‘Open account’ button under the account type that you wish to open. The registration form displays.
FortFS Account Registration Form
Fill in your country of residence, email, password and check ‘I am not a robot’, then click on ‘continue’. A second page asking for personal details displays after which email confirmation is required. After email confirmation, the account is opened and you can login to the traders’ room where you can complete your profile, complete KYC verifications, make deposits and commence trading when you feel ready to do so.
FortFS Traders Room
Founded in 2010, FortFS is an award-winning broker that provides multiple trading platforms for its clients. The platforms provided are sophisticated and suitable for all levels of trader. They are also flexible as they can be used across multiple devices.
The multiple account types including the ‘Newbie’ account shows that this broker accommodates all types of traders. With demo accounts, social trading, managed accounts and educational resources, beginners have adequate resources to learn or invest. There is no large minimum deposit thereby eliminating the need for a huge trading capital before one can commence live trading.
FortFS is regulated by the IFSC Belize and affirms its adoption of the AML and KYC policies. It should be noted that this regulation is not considered the strongest and most reputable by industry experts. Most would strongly advise against trading with brokers who have offshore regulations such as this. Though the broker looks credible on the surface, FortFS would do well to add another regulator to boost its credibility to compete with those who have FCA, CySEC and ASIC regulation.
Furthermore, this brokers fees and spreads are not the lowest and the asset range is limited when compared to other online brokers.
Trading in financial markets involves substantial risks, including complete possible loss of investment capital. This activity is not suitable for all investors. High leverage increases the risk (Risk Disclosure). Client has the right to refuse services company. In this case the refund is carried out according Client Agreement and Refund Policy.
Min $5 Deposit
FortFS is an online broker that offers multiple platforms & flexible account types for all types of trader. However, they have a limited range of trading instruments & are regulated offshore. The brokers fees are also not the cheapest.