Fortrade has been granted a Financial Services License by the Australian Securities and Investments Commission (ASIC), which has not been very welcoming to new applicants from forex brokers for almost two years now. The Australian subsidiary of the Fortrade Group, Fort Securities Australia PTY LTD, is now regulated by ASIC License No. AFSL No. 493520.
Australia has always been a popular trading hub, but it has become a preferred forex trading destination after ESMA lowered the leverage along with other restrictions, and brokers regulated in both the EU and Australia are using a regulatory loophole to accommodate clients' requests to use higher leverage.
At the moment, ESMA does not appear to be taking a proactive stance to limit European clients from opening accounts with non-EU brokers, however, it could only be temporary.
Fortrade was founded in 2013 and has already established itself as a reliable forex broker in the European markets. Its subsidiaries hold licenses from the FCA of the United Kingdom and the National Bank of the Republic of Belarus. The company has its own desktop, mobile and web platform, in addition to the industry-leading MetaTrader4.