Fortissio Review 2024

What is Fortissio?

Fortissio is a broker licensed in the Eurozone by the Hellenic Capital Market Commission (HCMC), Greece’s securities regulator.

The company offers access to 340+ tradable assets spanning CFDs of asset classes like cryptocurrency, stocks, commodities, currency pairs, indices, ETFs, and synthetic derivatives.

These contracts for differences (CFDs) are derivative instruments that track underlying assets’ price actions (stocks, crypto, or commodities). Investors can then trade using these CFDs in place of the actual assets.

CFDs reduce the cost of trading by not requiring traders to assume ownership of the assets they represent. They also allow traders to long and short assets, which would be highly expensive or difficult if the actual asset were being traded.

All assets listed on Fortissio are CFDs and, hence, allow traders to long and short them with leverage of up to 1:30, depending on the asset.

Outside of core trading services, Fortiossio provides useful tools like an economic calendar, a live news feed, and sms service for traders.

Fortissio Review - Key Features

Core Trading

Currency Pairs

You can trade 48 forex currency pairs on Fortissio from major pairs like EURUSD and GBPUSD to some exotics like GBPZAR and USDTRY with leverage of up to 1:30. Minimum and maximum position sizes per trade are 1 micro lot (0.01 lot) and 50 lots.

Cryptocurrencies

Fortissio lists CFDs for 13 cryptocurrencies including long-time coins like Bitcoin, Ethereum, a miniBTC instrument, IOTA, Litecoin, Dash, and fan tokens like AC Milan, Juventus Fan Token, and Barcelona Fan Token.

The leverage facility is limited at 1:2 while the minimum and maximum position sizes per trade are 1 unit and 1 million units respectively.

Commodities

With Fortissio, you can trade 13 CFDs for commodities, including popular ones like Gold, Silver, Aluminium, Copper, and Oil. However, agricultural items like Cocoa, Oats, Wheat, and Corn are also listed.

You can trade these CFDs with leverage of up to 1:20 and minimum and maximum trade sizes of 0.4 units and 1 million units respectively.

Stocks

Fortissio lists 197 CFDs of equities from major stock markets around the world. Some popular markets include the NYSE, NASDAQ, FTSE, and EURONEXT. However, stock CFDs from countries like Canada, Abu Dhabi, and Brazil are also listed.

Leverage facility for stock CFDs is capped at 1:5 with minimum and maximum position sizes of 1 unit and 5 million units per trade.

Indices

The CFDs of indices listed include those of major markets, like the S&P 500, FTSE 100, DOW JONES, and DAX with a maximum leverage of 1:20. In total, Fortissio list 25 indices CFDs that you can trade with minimum and maximum position sizes of 0.1 units and 2 million units respectively.

ETFs

Fortissio lists CFDs of 12 major ETFs, like QQQ and the iShares Bitcoin Trust, with a maximum leverage of 1:5. You can trade them on the platform with minimum and maximum position sizes of 8 units and 150,000 units per trade.

Synthetic Derivatives

Fortissio lists 22 CFDs on synthetic derivatives that can be traded with a maximum leverage of 1:5 and with minimum and maximum position sizes of 0.1 units and 2,000 units per trade.

Multiple Account Levels

Fortissio offers various account levels based on the amount of equity, starting from $200 all the way to $200,000 and above. Each account tier comes with added products and reduced fees.

The table below sums them up nicely.

Account holders for over a year with equity above €5,000 get an additional 40% rollover discount on any instrument in any trade direction. For more information, visit the account types page.

Trading Tools

Economic Calendar

The economic calendar is a calendar tool that marks out the dates of important releases like news and data that exert influence on market sentiment, structure, and direction. It allows traders to anticipate (and hopefully profit from) expected market moves that result from these economic events.

Fortissio’s economic calendar lists the most impactful events along with the anticipated result ahead of time.

Market News

The market news tool is a feed of news alerts and market updates provided at no extra cost to the client that keeps you informed with real-time developments in your chosen markets.

SMS Service

The SMS service by Fortissio is like the market news service but geared for people who do not have the time to check regularly for new updates. This service sends newsflash notifications and a daily economic calendar to you via sms.

How to Open a Fortissio Account?

1. Register

Register for an account by clicking the “Sign Up” button on the homepage and filling out the form with your name, email, and phone number. Alternatively, you can sign up with your Google or Facebook account.

2. Verify Your Identity

Pass KYC by uploading a valid Identification Document and proof of address document, like a utility bill.

3. Make a Deposit

Next, deposit some funds into your account. The minimum amount for your first deposit is $200 through either credit cards, e-wallets, or bank transfers.

4. Start Trading

Once your account is verified and approved, you can trade on the live market of all listed CFDs using the XCITE platform.

History of Fortissio

Fortissio is a brand name of Vie Finance A.E.P.E.Y S.A, a Greek Investment firm registered and licensed by the Hellenic Capital Market Commission (HCMC) in Greece with licence number 4/792/20.7.2017.

The company has a branch in Germany with ID no. 157432 under the German Federal Financial Supervisory Authority (BaFin).

Is Fortissio Safe?

When using the broker and its trading platform, we did not find discrepancies that showed signs of insecurity either in its technology stack or in its operations.

To measure technological safety, we consider the availability of the latest versions of known security and encryption technologies. In this case, SSL certificates are the first defence against any would-be attackers.

Fortissio uses top-of-the-line SSL encryption to safeguard communication between its servers and users’ devices.

The second vector we consider is operational security which includes the broker functions. The most pertinent threat to operation is a legally forced shutdown which could happen in cases where a broker operates without a licence.

Fortissio holds a licence from the Hellenic Capital Market Commission (HCMC) which bestows legal jurisdiction to operate within the regions that it does.

Is Fortissio Suitable for Beginners?

I’m a Beginner

The first benefit that a beginner gets is the 5 educational positions that do not affect their capital regardless of their outcomes. New account holders get 5 trades covered by the broker. This means that losses you incur within your first 5 trades will be credited back to your account. However, note that wins will not be added to your account either.

Aside from the educational position feature, you also get useful tools like the economic calendar to anticipate important news releases and SMS notifications to remind you.

I’m an Expert

Expert traders can move several steps ahead to manage trades on the go using the mobile application or the robust analytical tools on the XCITE platform.

Factors to Consider Before Using Fortissio

Security

Security is always a paramount consideration as lapses in security could lead to loss of funds or worse, identity theft. All platforms that deal with user funds and data must adhere to industry standards and regulations of information and data security.

While we can ascertain that Fortissio uses SSL encryption, we can also rely on the fact that it is licensed to fill in the gaps for its adherence to regulatory compliance.

Essentially, regulatory authorities do not extend licences to brokers that do not meet industry requirements, hence, Fortissio’s licence is an extra assurance of its level of security.

Licensing

Licensing ties in with our point on security. A licence from a recognised regulatory authority not only helps with Fortissio’s security standards, it also lends credence to its operational processes as well.

While a licence is not a guarantee that a broker will deliver high-quality services, we’ve seen through our findings that Fortissio ranks high on operational quality.

Range of Assets

The more assets available to trade on a broker, the better. Fortissio lists 340+ tradable assets accessible to anyone with an account. These assets fall under seven main categories; stocks (197), currency pairs (48), cryptocurrency (13), commodities (23), indices (25), ETFs (12), and synthetic derivatives (22).

Fees

The overall cost of using Fortissio is the sum of the fees for carrying out various tasks, e.g., executing a trade, depositing funds, and opening an account. Not all fees listed apply to Fortissio, and you can peruse all applicable fees in its product sheets and cost page.

Fortissio Fees and Costs

Trading Fees

Trading fees on Fortissio are the spread charged on each asset or category of assets. Luckily, this broker charges a fixed spread, so calculating how much core trading costs is straightforward.

The product sheets and costs page lists spreads for all instruments under all categories.

Rollover Fees

Rollover fees are costs incurred when holding a position overnight. There is usually one fee that applies to each category as shown below.

• Stocks – 0.055% – 0.075%
• Currency – 0.015%
• Commodities – 0.026%
• Cryptocurrency – 0.1%
• Indices – 0.26%
• ETFs – 0.055% – 0.250%
• Synthetic derivatives – 0.06% – 0.40%

Payment Methods & Withdrawal Limits for Fortissio

Credit/Debit Cards

Bank cards are among the best payment methods in terms of speed and convenience. Moreover, most banks automatically carry out conversions at prevailing market rates where necessary, allowing you to fund your account regardless of currency disparities.

Fortissio has a $200 and $10,000 minimum and maximum limit for single deposits while the minimum withdrawable limit is $10.

eWallets

eWallets are electronic money providers that allow you to store and send funds from a digital wallet (not crypto). They offer the same speed as credit cards but may not always have currency conversion features. They are also not as widely used as credit cards.

Fortissio has a $200 and $15,000 minimum and maximum deposit limit and a $10 withdrawable minimum limit with a maximum withdrawable limit of $15,000.

Bank Wire Transfer

The minimum and maximum limits for bank wire transfers start from $50 per transaction and go as high as your bank will allow, and this applies for both deposits and withdrawals.

How Does Fortissio Compare to Other Crypto Trading Sites?

Want to know how Fortissio compares to some top brokers on the market? Check out the table below.

Reasons to Use Fortissio

Fixed Low Cost

With Fortissio, trading costs (expressed as spreads) are fixed for each instrument, making calculating fees easy. These spreads are also quite small, providing low-cost trading for users.

Versatile Trading Platform

Fortissio’s trading platform allows users to access the markets from any computer device. The platform also has a mobile application for users to trade and manage positions on the go.

Responsive Customer Support

Customer support on Fortissio is responsive and can be reached via email, help centre & FAQs, live chat, telephone, and Instant messengers like WhatsApp and Telegram. The team is dedicated to attending to user requests.

Popular Payment Methods

Fortissio’s payment methods are popular and straightforward; anyone can use them to fund or withdraw from their account.

Fortissio Supported Countries

Fortissio is authorised to operate across Europe and in many countries outside the Eurozone. However, users from the United States, North Korea, Iran, the United Kingdom, Canada, Russia, Belgium, and Belarus are prohibited.

Final Thoughts on Fortissio

Fortissio is a fully licensed broker that provides trading services to users across the world. It offers 340+ tradable assets through a proprietary platform that users can access at home and on the go.

The broker keeps fees low by charging a fixed spread on instruments. Moreover, you can get up to 60% discount on your fees by increasing your withdrawable equity. Refer to our account type table in the features section of this review for more information.

To begin trading on Fortissio, sign up for an account, pass KYC, and deposit at least $200 into your account.