Compare Amega vs Fortrade
What is Amega? What is Fortrade?
Amega is an offshore STP broker that offers CFD trading on forex, stocks, indices, commodities and cryptocurrencies with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker’s services through a demo account.
Fortrade is a regulated broker that offers CFD trading on forex, stocks, indices, commodities and cryptocurrencies with leverage up to 1:200 and competitive spreads. Traders access markets through the Fortrader platform or the MT4 platform and can also use a demo account.
Amega vs Fortrade Regulation Comparison
Amega is not regulated by any trusted financial authority. It is registered in Mauritius and St. Vincent and the Grenadines, which are known for their lax regulatory standards and low transparency.
Fortrade is regulated by multiple reputable financial authorities, such as the ASIC in Australia, the CySEC in Cyprus, the FSCA in South Africa, and the FCA in the UK. It is also a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF).
Amega vs Fortrade Trading Assets Comparison
Amega offers over 100 CFDs on various asset classes, including 70+ forex pairs, 25+ stocks, 8 indices, 10 commodities and 4 cryptocurrencies.
Fortrade offers over 300 CFDs on various asset classes, including 60+ forex pairs, 150+ stocks, 20 indices, 20 commodities and 6 cryptocurrencies.
Amega vs Fortrade Trading Fees Comparison
Amega does not charge any commission fees on CFD trading. It only charges spreads, which start from 0.8 pips on major forex pairs and vary depending on the market conditions and the account type.
Fortrade also does not charge any commission fees on CFD trading. It only charges spreads, which start from 0.6 pips on major forex pairs and vary depending on the market conditions and the account type.
Amega vs Fortrade Account Types Comparison
Amega offers four types of accounts: Standard (minimum deposit $20), Premium (minimum deposit $100), Scalper (minimum deposit $100) and Swap-Free (minimum deposit $20). The main differences between them are the leverage levels, the spreads, the execution speed and the swap charges.
Fortrade offers two types of accounts: Standard (minimum deposit $100) and Islamic (minimum deposit $100). The main differences between them are the swap charges and the rollover fees. Both accounts have access to the same leverage levels, spreads and execution speed.
Amega vs Fortrade Deposit Options Comparison
Amega offers a wide range of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets (such as Perfect Money and STICPAY), cryptocurrencies (such as Bitcoin and Ethereum) and international banking options (such as Western Union and MoneyGram). However, some methods may incur fees or have minimum/maximum limits.
Fortrade offers a limited range of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill and Neteller) and local payment methods (such as Sofort and iDeal). There are no fees for deposits or withdrawals, but there may be minimum/maximum limits or processing times.
Amega vs Fortrade Trading Platforms Comparison
Amega only offers one trading platform: MetaTrader 5 (MT5). MT5 is a popular and powerful platform that supports multiple order types, charting tools, indicators, expert advisors, automated trading and more.
Fortrade offers two trading platforms: Fortrader and MetaTrader 4 (MT4). Fortrader is a proprietary platform that is easy to use and has a user-friendly interface. It supports multiple order types, charting tools, indicators, news feeds and more. MT4 is a popular and powerful platform that supports multiple order types, charting tools, indicators, expert advisors, automated trading and more.
Amega vs Fortrade Analytical Tools Comparison
Amega provides some basic analytical tools for traders, such as market news, economic calendar, trading signals service on MT5 and daily market analysis on its website.
Fortrade provides more comprehensive analytical tools for traders, such as market news, economic calendar, trading signals service on both platforms, daily market analysis on its website, video tutorials, webinars, ebooks and courses.
Amega vs Fortrade. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools. Here are some pros and cons of Amega and Fortrade, two online brokers that offer CFD trading on various markets:
- Amega Pros:
- High leverage up to 1:1000
- Zero-commission pricing structure
- Wide range of deposit and withdrawal options
- MT5 platform support
- Amega Cons:
- Not regulated by any trusted financial authority
- Limited number of CFDs compared to Fortrade
- Some deposit and withdrawal methods may incur fees or have limits
- Basic analytical tools
- Fortrade Pros:
- Regulated by multiple reputable financial authorities
- Large number of CFDs on various asset classes
- No fees for deposits or withdrawals
- Fortrader and MT4 platform support
- Comprehensive analytical tools
- Fortrade Cons:
- Lower leverage than Amega (up to 1:200)
- Limited range of deposit and withdrawal options
- Higher minimum deposit than Amega ($100 vs $20)
Ultimately, the best forex broker for you depends on your personal preferences, trading style and risk appetite. You should do your own research and compare the features and services of different brokers before making a final decision.
