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Fortrade in India — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%0
- Safety20%10
- Payouts15%60
- Track record10%90
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- Served internationally via Fortrade (Mauritius) Ltd; listed as allowed jurisdiction by broker.
- Founded
- 2008
- Retail leverage
- 30 group
- Currencies
- USD, EUR, GBP. No INR account verified.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with FortradeThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Served internationally via Fortrade (Mauritius) Ltd; listed as allowed jurisdiction by broker.
- Local standing
- Offshore under FSC Mauritius (GB21026472); not SEBI-regulated. Overseas CFD trading is a legal grey area / restricted under FEMA.
- Licence as the register states it
- No SEBI/RBI licence; CFDs unregulated in India.
- Leverage for this entity
- Under FSC Mauritius, above EU/UK 1:30 retail cap; exact offshore tier not verified at review.
- The firm behind it
- Founded 2013, London UK; CEO Nick Collison; private. Group: FCA UK (FRN 609970), CySEC 385/20, ASIC, CIRO/CIPF Canada, DFSA UAE (F009856), NBRB Belarus, FSC Mauritius (GB21026472).
- What we hold against it
- Not SEBI-registered; FEMA restricts overseas CFDs. No specific Indian regulator warning naming Fortrade verified. 79% retail CFD accounts lose money (provider disclosure).
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore under FSC Mauritius (GB21026472); not SEBI-regulated. Overseas CFD trading is a legal grey area / restricted under FEMA.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Standard (min ~$/£100, recommended £500), Islamic swap-free (min $2, 000), unlimited demo. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Fortrade sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 100 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:30 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 1 local)
Cards, Skrill, Neteller, wire;
- Cards
- Skrill
- Neteller
- Wire
- No India UPIlocal
- Account currency
- USD, EUR, GBP. No INR account verified.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(9 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Fortrader
- MT4
| Class | Min spread | Leverage |
|---|---|---|
| Fortrader | 2 | 30IN |
| MT4 | 2 | 30IN |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 1.9 | 560 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Swap-free account available
- Track record 90 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the India median 15
- Reviews 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 11IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 3000IN
- Rank in this country
- #6
- Round turn, USD
- 9IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 400IN
- Rank in this country
- #29
- Round turn, USD
- 7IN
- Min deposit, USD
- 100IN
- Leverage
- 200IN
- Rank in this country
- #18
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #1
- Round turn, USD
- 7IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #30
- Round turn, USD
- 6IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #27
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Fortrade |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 0 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 90 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does Fortrade accept residents of India?
- No. Offshore under FSC Mauritius (GB21026472); not SEBI-regulated. Overseas CFD trading is a legal grey area / restricted under FEMA. Onboarding entity: Served internationally via Fortrade (Mauritius) Ltd; listed as allowed jurisdiction by broker.
- Is Fortrade licensed to serve clients in India?
- No SEBI/RBI licence; CFDs unregulated in India. Checked on 09.07.2026.
- What leverage does Fortrade offer to retail clients in India?
- Up to 1:30. The Company offers to its Retail Clients, by default, leverage of 1:30 to the Major Currencies
- Which trading platforms does Fortrade support?
- Fortrader, MT4. Instruments: 300+ CFDs: FX, stocks, indices, commodities, treasuries, ETFs. No crypto CFDs.
- How can I withdraw money from Fortrade in India?
- Cards, Skrill, Neteller, wire; no India UPI/local rails verified.
- What account types does Fortrade offer?
- Standard (min ~$/£100, recommended £500); Islamic swap-free (min $2,000); unlimited demo.
- Does Fortrade offer a swap-free (Islamic) account?
- Yes. Fortrade offers a swap-free (Islamic) account to India residents.