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Online Currency and CFD Trading
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- FAQs / Dormancy Fees
Dormancy Fees
Most frequently asked questions
When do the Dormancy Fees apply to my account?
If for any consecutive period of 180 days, you do not trade on your Client Account then after 180 days (the “Grace Period”) Fortrade will deem the Client Account to be inactive or dormant (“Inactive”).
How much are the Dormancy fees?
Once Fortrade has deemed a Client Account to be Inactive, Fortrade will be entitled to charge you an administrative fee of USD $10.00 (or a similar amount in such other currency as Fortrade may determine from time to time) which represents Fortrade’s administrative cost of continuing to operate the Inactive Account (the “Inactive Account Fee”).
How will the Dormancy fee be taken?
Fortrade will deduct the Inactive Account Fee from your Client Account balance on the day following the expiration of the Grace Period and then every thirty (30) days thereafter.
For the avoidance of doubt, the Client’s liability or responsibility to pay the Inactive Account Fee will cease as soon as the Client Account balance is zero.
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Risk Warning and Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all,
but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek
independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility
for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of
this information, consequently any person acting on it does so entirely at their own risk.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country
or jurisdiction where such distribution or use would be contrary to local law or regulation.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all,
but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek
independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility
for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of
this information, consequently any person acting on it does so entirely at their own risk.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country
or jurisdiction where such distribution or use would be contrary to local law or regulation.
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses. Conducting transactions
can lead to the loss of part or all of the initial investment. Before commencing operations, make sure you understand the risks involved and have sufficient skills to invest.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country
or jurisdiction where such distribution or use would be contrary to local law or regulation.
can lead to the loss of part or all of the initial investment. Before commencing operations, make sure you understand the risks involved and have sufficient skills to invest.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country
or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG) and Product Disclosure Statement (PDS) before deciding to enter into or obtain any financial products issued by us.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Fortrade Ltd. Authorised and Regulated Centers:
Fortrade Ltd., Michelin House, 81 Fulham Road, London. SW3 6RD. Email:info@fortrade.com
Fortrade Ltd.is authorised and regulated in UK by the Financial Conduct Authority (FCA), Firm Reference Number (FRN): 609970.
Click here to see Fortrade on the FCA website.
Fortrade Ltd.is authorised and regulated in UK by the Financial Conduct Authority (FCA), Firm Reference Number (FRN): 609970.
Click here to see Fortrade on the FCA website.
Fort Securities LLC., 144 Mayakovsky St., 220028, Minsk, Republic of Belarus. Email: info@fortrade.com
Fort Securities LLC. is authorised and regulated in Belarus by the National Bank of the Republic of Belarus (NBRB), Firm Reference Number (FRN): 193075810.
Click here to see Fort Securities on the NBRB website.
Fort Securities LLC. is authorised and regulated in Belarus by the National Bank of the Republic of Belarus (NBRB), Firm Reference Number (FRN): 193075810.
Click here to see Fort Securities on the NBRB website.
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ABN: 33 614 683 831 | AFSL number: 493520.
Click here to see Fort Securities on the ASIC website.
Copyright © 2014 – 2019 Fortrade Ltd. All rights reserved.
Fort Securities Australia Pty Ltd (T/A Fortrade Australia) is licensed and regulated by the Australian Securities and Investments Commission (ASIC)
ABN: 33 614 683 831 | AFSL number: 493520.
Click here to see Fort Securities on the ASIC website.
Copyright © 2014 – 2019 Fortrade Ltd. All rights reserved.