Compare Fortrade vs eToro
What is Fortrade? What is eToro?
Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.
eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. eToro is also known for its industry-leading copy trading and social investing features.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
Fortrade vs eToro Regulation Comparison
Both Fortrade and eToro are regulated by reputable authorities in different jurisdictions. Fortrade is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investments Commission (ASIC) in Australia, the National Bank of the Republic of Belarus (NBRB) in Belarus, and the Financial Services Authority Seychelles (FSAS) in Seychelles. eToro is regulated by the FCA in the UK, the CySEC in Cyprus, ASIC in Australia, and the Financial Industry Regulatory Authority (FINRA) in the US.
Fortrade vs eToro Trading Assets Comparison
Fortrade offers a wider range of trading assets than eToro. Fortrade has over 300 instruments available for trading, including forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, and bonds. eToro has over 2000 instruments available for trading, including stocks, cryptoassets, ETFs, indices, commodities, currencies, and CopyPortfolios.
Fortrade vs eToro Trading Fees Comparison
Fortrade and eToro have different fee structures depending on the type of instrument and account. Fortrade charges variable spreads on most instruments, which can be wider than average on some assets.
Fortrade also charges overnight fees for holding positions open past market hours. eToro does not charge any commissions on stock and ETF trading, but charges variable spreads on other instruments. eToro also charges overnight fees, conversion fees for non-USD accounts, withdrawal fees, and inactivity fees
Fortrade vs eToro Account Types Comparison
Fortrade only offers one account type for all traders, which requires a minimum deposit of $100. The account has a maximum leverage of 1:30 for retail clients and 1:200 for professional clients. The account also supports Islamic/Halal trading with no swap fees.
eToro offers two account types for traders: a standard account and a professional account. The standard account requires a minimum deposit of $10 for most countries. The account has a maximum leverage of 1:30 for retail clients and 1:400 for professional clients. The account also supports Islamic/Halal trading with no swap fees. The professional account requires a higher level of experience and knowledge to qualify. The account has lower margin requirements and higher leverage than the standard account.
Fortrade vs eToro Deposit Options Comparison
Both Fortrade and eToro offer multiple payment methods for depositing and withdrawing funds. Fortrade accepts credit cards, debit cards, wire transfers, Neteller, Skrill, PayPal, Mastercard, Visa, Automated Customer Account Transfer Service (ACATS), among others. The minimum deposit amount is $100 and the minimum withdrawal amount is $50. Withdrawals can take up to 15 business days to process and may incur a fee depending on the method used.
eToro accepts credit cards, debit cards, wire transfers, PayPal, Neteller, Skrill, Rapid Transfer, iDeal, Klarna/Sofort Banking among others. The minimum deposit amount is $10 for most countries and the minimum withdrawal amount is $30. Withdrawals can take up to 10 business days to process and incur a flat fee of $5 per transaction.
Fortrade vs eToro Trading Platforms Comparison
Fortrade offers two trading platforms for traders: MetaTrader 4 (MT4) and its own proprietary platform. MT4 is a popular and widely used platform that supports advanced charting tools, indicators, automated trading, and customisation. Fortrade’s proprietary platform is a web-based platform that is easy to use and accessible from any browser. The platform has a user-friendly interface, fast execution, and a range of trading tools and features.
eToro offers its own proprietary platform that is available as a web-based platform, a desktop application, and a mobile app. The platform is designed for social trading and copy trading, allowing traders to interact with each other, share ideas, and follow or copy the trades of other investors. The platform also has a simple and intuitive interface, a variety of trading tools and features, and a digital wallet for storing cryptoassets.
Fortrade vs eToro Analytical Tools Comparison
Fortrade provides traders with various analytical tools and resources to enhance their trading experience and performance. These include market news and analysis, economic calendar, trading signals, trading calculators, webinars, videos, ebooks, courses, and quizzes. Fortrade also has a comprehensive educational section that covers the basics of trading, different instruments, strategies, risk management, and more.
eToro also provides traders with various analytical tools and resources to support their trading decisions and learning. These include market news and analysis, economic calendar, social newsfeed, CopyTrader feature, CopyPortfolios feature, ESG scores, Delta app, eToro Plus Digest & Invest newsletter, eToro earnings reports calendar, and eToro Academy. eToro Academy is an online training center that offers webinars, videos, podcasts, articles, courses, and guides on various topics related to trading and investing.
Fortrade vs eToro. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as different brokers may suit different traders better. Fortrade and eToro are both multi-asset, multi-regulated brokers that offer trading opportunities on a wide range of instruments, including forex, CFDs, stocks, commodities, indices, cryptocurrencies, and ETFs. Both brokers have strong regulatory oversight from reputable authorities, such as the FCA and CySEC. Both brokers also support Islamic/Halal-friendly accounts with no swap fees.
Ultimately, the best way to decide which broker is better for you is to try them out yourself by opening demo accounts with both brokers and testing their platforms and services with virtual funds. This way you can get a feel of how each broker operates without risking any real money.
