Compare Admiral Markets vs Fortrade
What is Admiral Markets? What is Fortrade?
Admiral Markets is a trading platform for forex, contracts for difference (CFDs) and foreign exchange transactions across various financial markets. Established in 2001 by Alexander Tsikhilov, it is listed on the Nasdaq Nordic stock exchange. It offers trading on MetaTrader 4 and 5 platforms, as well as its own web and mobile platforms. It also provides educational resources, market analysis and research tools for traders.
Fortrade is an online broker that offers trading on hundreds of products, including currencies, stocks, indices, commodities, cryptocurrencies and bonds. It was founded in 2013 and is regulated by various authorities, including the Financial Conduct Authority (FCA) in the UK, the Investment Industry Regulatory Organization of Canada (IIROC) and the Australian Securities and Investments Commission (ASIC). It offers trading on its own web and mobile platforms, as well as MetaTrader 4.
Admiral Markets vs Fortrade Regulation Comparison
Both brokers are regulated by reputable authorities in different jurisdictions, which means they have to comply with high standards of security, transparency and customer protection.
Admiral Markets is authorised and regulated by the FCA in the UK, the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).
Fortrade is authorised and regulated by the FCA in the UK, the IIROC in Canada, the ASIC in Australia, the CySEC in Cyprus, the National Bank of the Republic of Belarus (NBRB) and the Financial Services Commission (FSC) in Mauritius.
Admiral Markets vs Fortrade Trading Assets Comparison
Both brokers offer a wide range of trading instruments, including forex, CFDs on indices, commodities, cryptocurrencies, shares, ETFs and bonds.
Admiral Markets offers more than 8,000 trading instruments, including 80 forex pairs, 43 indices CFDs, 3,000+ share CFDs, 370+ ETF CFDs and CFDs on metals, energies, agriculture products and US treasuries.
Fortrade offers more than 300 trading instruments, including 60 forex pairs, 20 indices CFDs, 150+ share CFDs and CFDs on metals, energies, agriculture products and US treasuries.
Admiral Markets vs Fortrade Trading Fees Comparison
Both brokers charge spreads and commissions on their trades, which vary depending on the instrument, account type and market conditions.
Admiral Markets offers competitive spreads starting from 0.6 pips on EUR/USD for its Trade.MT4 and Trade.MT5 accounts. It also offers commission-free trading on stocks CFDs for these accounts. For its Zero.MT4 account, it charges commissions from $0.03 per lot per side but offers lower spreads starting from 0 pips on EUR/USD.
Fortrade does not disclose its spreads or commissions on its website but claims to offer low-cost trading with no hidden fees.
Admiral Markets vs Fortrade Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences.
Admiral Markets offers three main account types: Trade.MT4, Trade.MT5 and Zero.MT4. The Trade.MT4 and Trade.MT5 accounts allow trading on MetaTrader 4 and 5 platforms respectively with variable spreads and no commissions. The Zero.MT4 account allows trading on MetaTrader 4 platform with zero spreads but with commissions. All accounts have a minimum deposit of $100 or equivalent.
Fortrade offers two main account types: Standard Account and Pro Account. The Standard Account allows trading on its own web and mobile platforms with fixed spreads and no commissions. The Pro Account allows trading on MetaTrader 4 platform with variable spreads and commissions. The minimum deposit for both accounts is $100 or equivalent.
Admiral Markets vs Fortrade Deposit Options Comparison
Both brokers offer various methods for depositing and withdrawing funds from their accounts.
Admiral Markets accepts deposits via bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), online banking (Trustly/Sofort) and local payment methods (AstroPay/iDeal). It does not charge any fees for deposits but may charge fees for withdrawals depending on the method and amount. The minimum withdrawal amount is $10 or equivalent.
Fortrade accepts deposits via bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), online banking (Sofort) and local payment methods (AstroPay/iDeal). It does not charge any fees for deposits or withdrawals but may impose a minimum withdrawal amount depending on the method. The minimum withdrawal amount is $100 or equivalent.
Admiral Markets vs Fortrade Trading Platforms Comparison
Both brokers offer their own web and mobile trading platforms, as well as the popular MetaTrader 4 platform.
Admiral Markets’ web and mobile platforms are called WebTrader and Admirals Mobile App respectively. They are user-friendly, customisable and feature-rich, offering advanced charting tools, market news, trading signals, indicators and more. They also allow trading on MetaTrader 4 and 5 platforms with the same login details.
Fortrade’s web and mobile platforms are called Web Fortrader and Mobile Fortrader respectively. They are simple-to-use, intuitive and fast, offering basic charting tools, market analysis, trading alerts, indicators and more. They also allow trading on MetaTrader 4 platform with the same login details.
Admiral Markets vs Fortrade Analytical Tools Comparison
Both brokers provide various analytical tools and resources to help traders make informed decisions and improve their skills.
Admiral Markets offers a comprehensive suite of analytical tools, including Trading Central, a leading provider of technical analysis and market insights; Premium Analytics, a portal that offers exclusive access to news, sentiment data, economic calendar and more; Trading Calculator, a tool that helps traders calculate margin, pip value, swap fees and more; Volatility Protection Settings, a feature that allows traders to manage their risk exposure in volatile markets; and Admirals Academy, an online learning center that offers free webinars, ebooks, courses and videos.
Fortrade offers a basic set of analytical tools, including Market Research, a section that provides daily market reviews and analysis; Trading Central Analysis, a service that provides technical analysis and trading signals; Trading Product Details, a page that shows the specifications of each trading instrument; Fortrade Rollover Rates, a table that shows the swap fees for holding positions overnight; and Fortrade Academy, an online learning center that offers free webinars, ebooks, courses and videos.
Admiral Markets vs Fortrade. Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, trading goals, risk appetite, budget and level of experience. However, there are a few factors you can consider:
- If you are looking for a wider range of trading instruments, lower spreads and commissions, as well as more advanced trading platforms and analysis tools, then you may prefer Admiral Markets.
- If you are looking for a simpler and faster trading experience, fixed spreads and no commissions and more regulated jurisdictions, then you may prefer Fortrade.
In the end, the best way to decide which forex broker is better for you is to experiment for yourself. You can open a free demo account with both brokers and test out their services and features with virtual currency. This way you can get a feel for their platform, products, fees and support before committing to a real account.
