Fortrade is a platform for online trading. In online trading, traders bet on rising or falling charts. Online providers such as Fortrade therefore enable transactions with various financial instruments.
Of particular importance is the question of whether the respective provider has a state licence and is supervised by the competent authorities.
Investment lost in online trading or payout refused?
Investors who, through their Forex and CFD Traders who have suffered significant losses can have their case reviewed by a lawyer and find out whether they can claim compensation. Those who have difficulties with their withdrawal requests can also contact a lawyer. There are various breaches of duty that can give rise to claims for compensation. There are various legal regulations designed to protect consumers. The ESMA ( European Securities and Markets Authority ) has greatly expanded consumer protection in recent years.
Fortrade - the most important facts about Forex and CFD trading
In the forex market (foreign exchange market, currency market, FX market, foreign exchange market), investors bet on changes in exchange rates. What many investors do not realise is that the foreign exchange market is the largest financial market in the world. Several times more liquid than the stock market. In 2013 amounted to the daily turnover on the foreign exchange market is around USD 5.3 trillion.
In CFD trading, investors bet on increases or decreases in various underlying assets. The profit or loss incurred results solely from the difference in the underlying asset, hence the term contract for difference. Thanks to the leverage effect, larger profits are possible with smaller amounts of money than with other trades.
CFD and Forex trading - even state control is no guarantee for safe trades
The number of online platforms for forex trading is increasing. Many of them have a state licence and are controlled by the relevant state authorities. A state licence is usually an important condition for the reliability of an online trading platform. However, even a licence does not always mean that breaches of duty on the part of online platforms are definitely excluded.
Many online forex trading platforms are based in Cyprus and are controlled by the Cypriot financial supervisory authority CySEC. .
Reviews and ratings
Customers in the forex and CFD sector should take their time to look at the reviews and ratings of individual forex and CFD platforms on various websites.
Forex and CFD Trading - General Terms and Conditions
However, traders should act with caution and take their time to read the terms and conditions of the online platforms.
Why do even conservative investors trade forex and CFDs?
Even conservative investors are trading forex despite the risk of loss, as they see no lucrative alternatives in the low-interest phase that has been going on for years. Numerous investors in Germany, Austria and Switzerland are looking for strong returns.
Autotrading, trading robots, social trading and forex transactions
In the area of forex trading, there are currently offers for autotrading, trading robots and social trading, which are supposed to enable considerable returns. Investors should also be careful with these.
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