Worked example
Practising on Fortrade's numbers
This is an exercise sheet, not a review. We are going to take three things that Fortrade publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
Fortrade does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. Fortrade offers 1 rung. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- DemoThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
Account names as published: Demo. Platforms listed: Fortrade web platform, Fortrade desktop platform, Fortrade mobile apps (iOS, Android).
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are Fortrade's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| FCA · United Kingdom | Fortrade Ltd | 609970 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
| CIRO · Canada | Fortrade Canada Limited | BC1148613 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
| ASIC · Australia | Fort Securities Australia Pty Ltd (trading as Fortrade Australia) | AFSL 493520 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
| CySEC · Cyprus | Fortrade Cyprus Ltd | 385/20 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| DFSA · United Arab Emirates | Fortrade (DIFC) Limited | F009856 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| FSC Mauritius · Mauritius | Fortrade Mauritius Ltd | GB21026472 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
3 of these lines are top-tier — held by Fortrade Ltd, Fortrade Canada Limited, Fort Securities Australia Pty Ltd (trading as Fortrade Australia). If you are onboarded to a different entity than those, the protections attached to the top-tier line are not yours, however prominently the regulator's initials appear in the marketing. 1 line is offshore registration; treat those as a company address rather than as supervision.
The record behind these numbers
- Fortrade Ltd is authorised and regulated by the UK Financial Conduct Authority under firm reference number 609970, with a registered office at Michelin House, 81 Fulham Road, London SW3 6RD.
- Fortrade Cyprus Ltd holds CySEC Cyprus Investment Firm licence 385/20, granted on 9 March 2020, company registration number 392231.
- Fortrade (DIFC) Limited appears on the DFSA public register under reference F009856 with a licence date of 14 November 2025, endorsed to deal with retail clients and to hold or control client assets.
- Fort Securities Australia Pty Ltd (ACN 614 683 831), trading as Fortrade Australia, holds Australian Financial Services Licence 493520 and is a member of the Australian Financial Complaints Authority.
- Fortrade's UK risk disclosure states that 74% of retail investor accounts lose money trading CFDs with the provider and that a client cannot lose more than the balance of their trading account.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: founding year; minimum deposit; maximum leverage; EUR/USD spread; live account type names; segregated funds. Confidence in this file overall: high. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
PipMentor does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.