When it comes to reliable brokers, many platforms come into the spotlight for the variety of services. Among them is FortFS, which has been around for more than a decade, offering forex and derivative services for brokers all over the world.
But what exactly does FortFS offer, and how safe is it for different categories of brokers to use it? What experience can users expect once they create an account? This article should help offer some insights on FortFS so that you can decide on its utility.
Overview of FortFS
Fort Financial Services (or simply, FortFS) is a licensed international Forex broker that offers more than 500 tradable contracts. The service was originally implemented in 2010 under the name of Tradefort, but it was rebranded to offer a more modern platform for beginner and experienced traders alike.
FortFS operates with a license from the International Financial Services Commission of Belize, issued in 2013. This ensured more regulations to protect traders while ensuring flexibility when dealing with numerous instruments.
What Can You Expect from FortFS?
FortFS offers a comprehensive trading platform based on versatility, security, and ease of use. Here is what you can expect:
1. Services Provided
FortFS uses multiple trading platforms, including MT4, MT5, Ninja Trader, and CQG. This way, it can offer services to beginner and advanced traders alike, offering flexibility and advanced trading tools. Users can enjoy minimum deposits as low as $5 and a leverage that can go as high as 1:100, making it a good option for strategists and mixed traders.
The forex broker offers a broad market that covers forex pairs, commodity futures, precious metals, cryptocurrencies, and soft futures. Deposits and withdrawals are diversified with numerous payment opportunities as well, catering to everyone’s preferences. Their services are available to users all over the world, excluding the U.S. and some OFAC countries.
2. Safety Measures
FortFS is licensed under IFSC in Belize. While this license may not have the strength of some authorities, such as the FCA or ASIC, it still offers oversight and protection for its. Still, there have been instances in which companies used fraudulent licenses, to which the IFSC issued a warning. FortFS was not listed, but the regulator is still a common target.
FortFS uses advanced HTTPS encryption, which means that your data is protected against an external attack. However, the funds are not kept in a segregated account, which means it’s best to create a backup or withdraw your earnings frequently.
3. User Experience
Many users appreciate the user-friendly platform and fast onboarding, along with the broad asset variety. The customer support is generally responsive to queries as well, offering peace of mind to traders who may experience financial and technical issues.
The website itself features sufficient informative content without feeling cluttered, and the economic calendar is highly appreciated by most clients. Many have noted that withdrawals can take longer, but this also depends on the method used.
Final Thoughts
FortFS has been around for a sufficient time to inspire a certain degree of trust in its users. The low entry costs and large marketplace are a bonus, and while some security features may not be as internationally advanced, it’s a suitable option for risk-tolerant individuals.
