Compare Fortrade vs AvaTrade
What is Fortrade? What is AvaTrade?
Fortrade is an online broker that was founded in 2013 and is regulated by the FCA and ASIC. It offers over 300 trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies.
AvaTrade is an online broker that was founded in 2006 and is regulated by multiple authorities, such as ASIC, CySEC, FSCA, and FSA. It offers over 1,000 trading instruments, including forex, stocks, commodities, indices, cryptocurrencies, bonds, ETFs, and options.
Fortrade vs AvaTrade Regulation Comparison
Both brokers are regulated by reputable authorities and comply with high standards of security and transparency. However, AvaTrade has more licenses than Fortrade and operates in more jurisdictions. For example, AvaTrade is authorized by the Central Bank of Ireland, the Financial Services Regulatory Authority of the United Arab Emirates, and the Financial Futures Association of Japan. Fortrade does not have these licenses.
Fortrade vs AvaTrade Trading Assets Comparison
Both brokers offer a wide range of trading assets, but AvaTrade has a more diverse and comprehensive portfolio than Fortrade. AvaTrade offers more than 50 currency pairs, over 250 stocks, over 20 commodities, over 40 indices, over 50 cryptocurrencies, over 10 bonds, over 20 ETFs, and over 40 options. Fortrade offers more than 40 currency pairs, over 100 stocks, over 10 commodities, over 10 indices, and over 10 cryptocurrencies. Fortrade does not offer bonds, ETFs, or options.
Fortrade vs AvaTrade Trading Fees Comparison
Both brokers offer competitive spreads and fees, but they may vary depending on the instrument and the account type. For example, Fortrade charges a fixed spread of 2 pips for EUR/USD on its standard account, while AvaTrade charges a variable spread of 0.9 pips for the same pair on its standard account. However, AvaTrade also charges a $50 inactivity fee per quarter if no trades are made for three months, while Fortrade does not charge any inactivity fee.
Fortrade vs AvaTrade Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. Fortrade offers a standard account with a minimum deposit of $500 and a leverage of up to 1:100. It also offers an Islamic account for traders who follow the Sharia law.
AvaTrade offers a standard account with a minimum deposit of $100 and a leverage of up to 1:400. It also offers an Islamic account, a professional account for experienced traders who can access higher leverage, and a demo account for practice trading.
Fortrade vs AvaTrade Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients. Fortrade accepts PayPal, Skrill, Wire transfer, Credit / debit cards and Neteller as payment methods. AvaTrade accepts WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay as payment methods. Both brokers do not charge any deposit or withdrawal fees , but they may have different processing times and minimum amounts.
Fortrade vs AvaTrade Trading Platforms Comparison
Both brokers provide their clients with user-friendly and powerful trading platforms. Fortrade offers its own web-based platform called Fortrader, which has a simple interface and allows one-click trading. It also supports MT4, a popular platform that has advanced charting and analytical tools. AvaTrade offers its own web-based platform called WebTrader, which has a sleek design and allows one-click trading. It also supports MT4 and MT5, as well as other platforms such as ZuluTrade, DupliTrade, and AvaOptions.
Fortrade vs AvaTrade Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them make informed trading decisions. Fortrade offers market news, economic calendar, trading signals, technical analysis, and educational resources. AvaTrade offers market news, economic calendar, trading signals, technical analysis, educational resources, webinars, eBooks, videos, and podcasts.
Fortrade vs AvaTrade. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading performance and experience. There are many factors to consider, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. Both Fortrade and AvaTrade have their own strengths and weaknesses. Ultimately, the best forex broker for you depends on your personal preferences, goals, and risk appetite . You can do your own research before making a final decision.
