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Your capital is at risk. 
Your capital is at risk.

ForteFinance Review 2024

3.22/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • No
Trading platform:
  • Forte (the ForteBank mobile apps)
Regulation:
  • ARDFM and AIFC
Oleg Tkachenko
Written by Oleg Tkachenko
Contributor
Dr. BJ Johnson
Reviewed by Dr. BJ Johnson
Editor
Mirjan Hipolito
Fact-checked by Mirjan Hipolito
Cryptocurrency and stock expert
Updated:
3.22/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • No
Trading platform:
  • Forte (the ForteBank mobile apps)
Regulation:
  • ARDFM and AIFC
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Our Evaluation of ForteFinance

3.22/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

ForteFinance is a broker with higher-than-average risk and the TU Overall Score of 3.22 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ForteFinance clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Brief Look at ForteFinance

ForteFinance is a subdivision of ForteBank. The bank was established in 1999 and is among the top 5 major banks of Kazakhstan. In 2020, ForteFinance acquired the ARDFM (the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market) license number 3.2.242/18 and in 2021 — the AIFC (Astana International Financial Center) license number AFSA-A-LA-2021-0016. ForteFinance specializes in providing brokerage services, asset management, and corporate finance services. The broker is a registered member of KASE (Kazakhstan Stock Exchange) and AIX (Astana International Exchange). Also, it offers access to international and over-the-counter (OTC) markets.

ForteFinance Summary

Your capital is at risk.  Your capital is at risk.  79.43% of retail investor accounts lose money when trading CFDs with this provider. ForteFinance and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.

💻 Trading platform: Forte (the ForteBank mobile apps)
📊 Accounts: Brokerage
💰 Account currency: KZT, USD, EUR, and other currencies
💵 Replenishment / Withdrawal: Bank transfers
🚀 Minimum deposit: Any amount
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: No
🔧 Instruments: Securities listed on KASE, AIX, and international exchanges, OTC financial instruments, mutual funds, and repos
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: Market
⭐ Trading features: Lower trading fees for ForteBank clients
🎁 Contests and bonuses: No

ForteFinance allows retail traders to independently trade securities on global stock exchanges or to transfer their capital under trust management. ForteBank clients pay lower fees for trading financial instruments than other traders. 0.05%-0.10% of the trade amount, but not less than KZT 5,000 is withheld for trading on KASE, AIX, and international exchanges. Fees for repos (repurchase agreements) are 0.25%-0.50% of the position size.

User Satisfaction

Score:
6.4/10

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cisyarereJX
7 weeks ago

I have been using ForteFinance services for about six months. Before that, I was an active ForteBank client for over three years and as soon as its brokerage division appeared, I immediately tested it. I like the fees and the quality of its service. The choice of securities is good and their analysis is available directly in the mobile apps. I also fund my account via the Forte app and the money is credited within several hours. I haven’t used management services yet, since I need to increase my portfolio. I trade stocks on KASE and AMEX (American Stock Exchange), but I think of starting trading on EU markets.

10
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daframa
13 weeks ago

Trading accounts at ForteFinance are funded only by bank transfers, which is a disadvantage. Bank cards or electronic payments are not available. However, money is credited within a day. Withdrawals take longer, but not more than three days. If any trade seems doubtful, I call the broker and request information on it. Managers are always polite and fulfill my requests as responsibly as possible. The Forte mobile app is fast and convenient.

10
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yopi_lasworo
10 weeks ago

I liked the brokerage services stated on the ForteFinance website. I called the company to ask about fees and the minimum investment amount. They allowed me to start with any amount and didn’t charge fees for opening the account. I think that the fee of 0.5% of the position size is acceptable for profitable trading. Perhaps, it’s higher than other international brokers offer, but you spend more on fund transfers with them. The local broker is better for me, since I can always call or visit its office.

8
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trainnahuntee
10 weeks ago

I never trade by phone with ForteFinance. I don’t even know how much this service costs, but usually it is paid. I like the Forte mobile app — it is functional, fast, and it froze only once. Previously, research was regularly published on the broker’s website, but now there is none. All analytics are now available in the mobile app, which is even more convenient. The range of available markets is huge, but I trade stocks on our local KASE.

8
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shahedswiss
11 weeks ago

Today, ForteFinance is my main broker. I use it to trade on exchanges of Kazakhstan and the U.S. I like its large choice of financial instruments with transparent fee calculation. It is possible to deposit KZT and other currencies, which allows traders to save on conversion when trading on foreign exchanges. If you are a ForteBank client, fees for all markets are 0.5% of the trade amount. I have used this bank’s services for a long time, so I’m confident in its reliability, as well as in the reliability of ForteFinance.

7

Comparison of ForteFinance with other Brokers

ForteFinance RoboForex Pocket Option Exness Eightcap Forex4you
Trading
platform		 Forte (the ForteBank mobile apps) MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5 MT4, MobileTrading, MT5
Min deposit $1 $10 $5 $10 $100 No
Leverage No From 1:1
to 1:2000 		From 1:1
to 1:1000 		From 1:1
to 1:2000 		From 1:30
to 1:500 		From 1:10
to 1:2000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 1.2 point From 1 point From 0 points From 0.1 points
Level of margin call
/ stop out		 No 60%  /  40% 30%  /  50% No  /  60% 80%  /  50% 100%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No Yes
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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko Author and expert at Traders Union
  • Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Learn about our editorial policies.

Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).