Fortissio Review 2024

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

2.3 / 5
Fortissio is #108 in our CFD broker rankings.
€200
AutoChartist
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Cryptos, Synthetic Derivatives
HCMC, BaFin
USD, EUR
Wire Transfer, WorldPay, Visa, Mastercard, Maestro, Credit Card, Debit Card, Skrill, Neteller, PayPal, Sofort

Pros

  • Full range of investments
  • Regulatory oversight
  • Multiple payment methods

Cons

  • No MT4 integration
  • No copy trading

Fortissio Review

Fortissio is a European-regulated forex and CFD broker offering a bespoke web trader and mobile app. Day traders can access 230+ instruments and a discounted fee structure based on their account balance. This Fortissio review will cover how to register for an account and log in, average spreads, minimum deposits, leverage, and regulatory oversight.

Key Takeaways

Company Details & Overview

Fortissio is a Greek-based broker-dealer with headquarters in Athens. The EU-regulated brand was established in 2011 and operates under the regulatory oversight of the Hellenic Capital Market Commission (HCMC). The company is also registered with Germany’s BaFin.

Fortissio aims to bridge the gap between beginner and experienced traders with a simple-to-use proprietary trading terminal and analysis tools, including Autochartist.

Clients can trade various instruments including CFDs, forex, stocks, ETFs, and synthetic derivatives.

Trading Platforms

The broker offers a proprietary trading platform; Web PROfit. There is currently no download option for Web PROfit, meaning you can trade via web browser only.

The Fortissio terminal has been created with stability and flexibility in mind. It provides a fully customizable interface, in-platform customer support, and six language settings including English.

Fortissio Web PROfit review
Web PROfit

Despite being the best fit for beginners, experienced day traders will still find useful features and functions, including up-to-the-minute charting, a catalog of analysis tools, live market updates, price alerts, and an integrated economic calendar.

It is worth noting, however, that many traders prefer familiar platforms like MetaTrader 4 and MetaTrader 5. Integrating these terminals would improve Fortissio’s rating and widen its appeal to experienced traders, in particular.

Assets & Markets

Fortissio offers a full range of investments, including cryptocurrencies and synthetic derivatives. In total, 230+ instruments are available:

Note, synthetic derivatives are high-risk products that use a complex price calculation methodology. As a result, they may not be suitable for beginners.

Fees & Costs

Trading Fees

Fortissio day traders access the same fees, in the form of spreads, regardless of account type.

We were offered a 0.4 pip spread on the EUR/GBP currency pair, 1 pip on gold, and 4 pips on the S&P 500. These are in line with most of the industry.

Typical spreads at Fortissio
Spreads On Popular Assets

However, discounts are also available based on account equity/banding. These range from a 0% fee reduction to a 60% discount, making the broker a good pick for active traders.

Note, a full list of trading spreads by instrument is available on the broker’s website.

Additional Costs

Swap fees apply for positions kept open overnight. This includes a charge of 0.05% of the overnight exposure for shares and 0.015% for currencies.

A high quarterly charge of €150 applies for dormant accounts after three months of inactivity. A 0.7% currency conversion fee also applies if you are trading instruments denominated in a currency outside of your account base. This is applied to the order’s realized profit and loss.

Leverage

The broker offers maximum leverage of 1:30, though this varies by asset class. This is in line with other European-based broker-dealers.

The broker has a 50% margin close-out rule.

A professional account is also available with higher leverage.

Fortissio App

Fortissio offers a mobile-compatible version of its trading platform; PROfit. Day traders can access global markets via mobile phones and tablets. The app can be downloaded to iOS and Android (APK) devices for free.

Fortissio app review

While using Fortissio, we were impressed with the simple yet intuitive design of the app. The modern interface has all the functions of the web platform, such as an integrated economic calendar and live analysis tools. You can view your portfolio, open and close positions, and determine market sentiment with just a few clicks. You can also view live price data and charts within one screen and graphs can be customized with technical indicators and fundamental analysis tools.

The broker also offers a bespoke SMS service. This mobile function provides investors with news flash alerts, price notifications, and a daily economic calendar summary every morning.

Payment Methods

Deposits

Fortissio accepts all standard payment methods, including:

Bank wire transfers can take up to four working days for funds to clear. However, e-wallet solutions, Worldpay, and credit/debit cards provide instant funding.

Our experts found that the broker does not charge any deposit fees but look out for third-party banking charges.

There is a minimum deposit requirement of €200 for all account types and no maximum limit.

Withdrawals

The broker processes all withdrawal requests within one working day, which is fast vs many competitors. However, the time taken for funds to be received back to the payment method will vary. Also, Fortissio is not transparent about withdrawal charges.

How To Request A Withdrawal

The easiest way to request a withdrawal from your Fortissio account is to complete the Withdrawal Request Form in the client area. You will need to provide details of the payment method and how much you want to withdraw.

Importantly, all withdrawals must be made back to the payment method used for deposits.

Demo Account

Fortissio does not offer a demo account, which is a real drawback vs competitors. This may put off aspiring traders, especially beginners.

Having said that, Fortissio does provide five Educational Trading Positions (ETPs) for all new clients. This means once your account is verified, the first five trades executed in live mode will be treated as virtual orders. Profits will be void and any losses made will be credited back to your account. These positions must be closed within the first three calendar days of live account verification. The practice trades can be made on all instruments using a maximum leverage of 1:20.

Contact the broker’s customer service team if you wish to opt out. Otherwise, this is an automatic program for all new clients. So simply register for a live account, upload identity verification documents, and start trading.

Bonuses & Promotions

While there aren’t any specific bonuses or promotions, you can access trading fee and swap rate discounts based on your account balance and activity.

But while this will appeal to experienced traders, we would like to see incentives for beginner traders as well.

Regulation & Licensing

Fortissio is a trading name of Vie Finance A.E.P.E.Y. S.A. The broker-dealer is a registered Greek Investment Firm, authorized and regulated by the Hellenic Capital Market Commission (HCMC), license number 4/792/20.7.2017. This financial watchdog is responsible for overseeing and regulating the capital market sector of Greek financial services. The firm is also registered in Germany with the BaFin.

Fortissio provides most of the safeguarding measures of a top-tier brokerage, including segregated client funds and negative balance protection.

The broker is also a member of the Guarantee Fund for Investment Services, which allows customers to claim compensation if a company is unable to fulfil its financial obligations.

The trading firm also follows the guidelines of the Markets in Financial Instruments Directive (MiFID II).

Fortissio Account Types

Fortissio boasts an impressive 11 accounts. However, when we used Fortissio, there was no difference in the minimum deposit requirement (€200), minimum trade size (0.01 lots), and floating spreads available.

The main difference between the profiles is the account balance required for discounted trading fees and swap charges:

How To Open A Live Account

  1. Click the ‘Visit’ button in this Fortissio review
  2. Complete the online registration form
  3. Select ‘Create Account’
  4. Log in with your registered credentials
  5. Choose an account type and make a deposit
  6. Start investing in the broker’s 200+ assets

Our experts found that new accounts can be opened in less than five minutes.

Additional Features

Fortissio offers high-quality trading tools to support the user experience and aid investment decisions:

Autochartist

Autochartist is an automated market scanning tool that identifies opportunities and recommends entry and exit points in real time. The technical analysis service processes financial data 24 hours a day to provide valuable insights.

Fortissio offers all active customers access to the trading tool, with no additional fees. Users benefit from daily market reports, volatility analysis, chart pattern overviews, and past performance trends.

Calendars & News

A real-time economic calendar is available on the broker’s website and integrated into the client area. It provides details of upcoming events and data releases that may impact the price of an underlying asset.

Fortissio trading calendar
Economic Calendar

The market news section is updated daily, providing information on the latest macroeconomic changes. There is also a weekly market outlook thread which can be found under the ‘Research’ icon in the top menu of the Fortissio homepage.

On the downside, education for beginners is lacking. There are no useful investing tool tutorials, app guides, or YouTube videos unpacking trading tips.

Opening Hours

Fortissio follows standard market opening hours. Forex, for example, can be traded from Sunday 21:00 to Friday 21:00 (GMT). Typically cryptocurrency offers the longest trading hours with the markets open 24/7.

Overnight financing fees will be debited/credited at 00:00 (GMT).

Customer Support

Fortissio offers a good range of customer service options, including live chat which can help with login issues, bank wire transfer support, and platform guidance.

However, when we tested the live chat channel, we did not receive a response. The service is designed to respond to an email address rather than via the tool.

A basic FAQ section can also be found on the broker’s website, but information is relatively limited.

The broker’s office opening hours are Monday to Friday, 08.00 to 20.00 (GMT+2).

Security & Safety

Fortissio’s proprietary trading platform is protected by a Secure Socket Layer (SSL). This means all personal information is transferred in a secure environment.

Alongside negative balance protection and segregated accounts, we are comfortable that the broker offers a fairly secure trading environment.

Fortissio Verdict

Fortissio does have some positive points going for it, including European regulation, a wide range of instruments, and practice trades. However, the discounted pricing model massively favors active day traders rather than those just starting out. The customer support service is also lacking and the absence of demo accounts, MetaTrader 4, or beginner-friendly educational content is far from ideal. Overall, Fortissio is the best fit for active traders that can make use of the fee rebates.

FAQs

Is Fortissio Safe?

Fortissio is regulated by the Hellenic Capital Market Commission (HCMC) and follows the guidelines set by the EU’s Markets in Financial Instruments Directive (MiFID II). The broker also offers negative balance protection and segregated client funds, which adds to its credibility and reliability.

Is Fortissio A Good Broker?

Fortissio offers a good range of instruments, including synthetic derivatives, plus various payment methods. However, the broker does lack some basic services, including responsive customer service, a free demo account, MetaTrader 4 integration, and educational tools. There are also some negative trading reviews on user forums.

Does Fortissio Offer Competitive Pricing?

All retail traders are offered the same spreads, irrelevant of account type, though discounts are offered to those with the highest account equity. This is up to 60% off trading fees and swap charges. Ultimately, the Fortissio pricing model rewards high-volume traders.

Is Fortissio Regulated?

Fortissio is registered as a Greek Investment Firm and regulated by the Hellenic Capital Market Commission (HCMC). This is a reputable regulator and a good indication that the brokerage is not a scam.

Does Fortissio Offer A Demo Account?

No, Fortissio does not offer a conventional demo account. There is no option to practice trading with virtual funds and explore the platform, a notable drawback vs alternative brokers.

With that said, all new retail investors that register for a live account can execute their first five trades risk-free. Profits will be canceled and losses credited back to the profile.

Top 3 Alternatives to Fortissio

Compare Fortissio with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. DNA Markets – DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

Fortissio Comparison Table

Compare Fortissio With Similar Brokers
Fortissio IG Interactive Brokers DNA Markets
Rating 2.3 4.4 4.3 3.5
Markets CFDs on Forex, Stocks, Indices, Commodities, ETFs, Cryptos, Synthetic Derivatives CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Indices, Commodities, Stocks, Crypto
Demo Account No Yes Yes Yes
Minimum Deposit €200 $0 $0 $100
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Regulators HCMC, BaFin FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA ASIC
Bonus
Education No Yes Yes No
Platforms AutoChartist Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:50 1:500
Payment Methods 11 6 6 10
Visit Visit Visit Visit
Review IG
Review
Interactive Brokers
Review
DNA Markets
Review

Compare Trading Instruments

Compare the markets and instruments offered by Fortissio and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Fortissio Trading Instruments
Fortissio IG Interactive Brokers DNA Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No Yes
Silver Yes Yes No Yes
Corn Yes No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs Yes Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index Yes Yes No Yes

Fortissio vs Other Brokers

Compare Fortissio with any other broker by selecting the other broker below.

 

Customer Reviews

  1 / 5

This average customer rating is based on 1 Fortissio customer reviews submitted by our visitors.

If you have traded with Fortissio we would really like to know about your experience - please submit your own review. Thank you.

  1

A bigggg nooooooo … Please check reviews on Google or any other websites.. and please do believe what people are written it’s true.. because it’s not a trust worthy.

✍ Norbert | 🌐 Denmark | February 6, 2024

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