Compare Fortrade vs Forex.com
What is Fortrade? What is Forex.com?
Fortrade is a multi-asset, multi-regulated broker that offers trading opportunities on a wide range of instruments, including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs. Fortrade supports MetaTrader 4 and its own proprietary platform.
Forex.com is a global forex and CFD broker that has over 20 years of experience in the industry. Forex.com provides access to over 500 markets, including equities, indices, FX and commodities. Forex.com also offers advanced trading tools, such as Trading Central, SMART Signals and MetaTrader 4.
Fortrade vs Forex.com Regulation Comparison
Both Fortrade and Forex.com are regulated by reputable authorities in different jurisdictions. Fortrade is regulated by the FCA in the UK, CySEC in Cyprus, ASIC in Australia, NBRB in Belarus, FSC in Mauritius and CIRO in Canada. Forex.com is regulated by the NFA and CFTC in the US, FCA in the UK, IIROC in Canada, ASIC in Australia and FSA in Japan.
Fortrade vs Forex.com Trading Assets Comparison
Forex.com has a wider range of trading assets than Fortrade. Forex.com offers over 80 forex pairs, spot metals, CFDs on stocks, indices, commodities and cryptocurrencies. Fortrade offers over 50 forex pairs, CFDs on stocks, indices, commodities and cryptocurrencies, as well as DMAs, ETFs and bonds.
Fortrade vs Forex.com Trading Fees Comparison
Both platforms have competitive fees, but Fortrade’s spreads may be slightly higher than those of Forex.com, especially for major forex pairs. For example, the average spread for EUR/USD is 0.8 pips on Fortrade and 0.6 pips on Forex.com. However, Fortrade does not charge any commissions or hidden fees, while Forex.com charges a commission of $7 per $100k traded on its RAW Spread account. Both platforms also charge a monthly inactivity fee of $15 if no trades are made for 12 months or more.
Fortrade vs Forex.com Account Types Comparison
Fortrade only offers one account type for all traders, which has a minimum deposit of $100 and a maximum leverage of 1:30 for retail clients and 1:200 for professional clients.
Forex.com offers three account types: Standard, Commission and DMA. The Standard account has a minimum deposit of $100 and a maximum leverage of 1:30 for retail clients and 1:400 for professional clients. The Commission account has a minimum deposit of $1000 and a maximum leverage of 1:30 for retail clients and 1:400 for professional clients. The DMA account has a minimum deposit of $25000 and a maximum leverage of 1:30 for retail clients and 1:400 for professional clients.
Fortrade vs Forex.com Deposit Options Comparison
Both platforms offer various deposit and withdrawal options for their clients. Fortrade accepts credit cards, debit cards, wire transfers, PayPal, Skrill and Neteller as payment methods. Forex.com accepts debit cards, ACH transfers and wire transfers as payment methods. Both platforms process withdrawals within one to two business days.
Fortrade vs Forex.com Trading Platforms Comparison
Both platforms support MetaTrader 4 (MT4), which is one of the most popular and powerful trading platforms in the industry. MT4 allows traders to use custom indicators, expert advisors and automated strategies.
However, Forex.com also offers its own web trading platform and mobile app, which are beginner-friendly and feature-rich. The web platform has TradingView charts with over 80 indicators, Reuters news feeds, behavioral science technology and more. The mobile app has one-swipe trading, Performance Analytics and SMART Signals. Fortrade also has its own web platform and mobile app, but they are more simple and basic compared to Forex.com’s.
Fortrade vs Forex.com Analytical Tools Comparison
Both platforms provide their clients with various analytical tools to enhance their trading performance. Forex.com has an edge over Fortrade in this aspect, as it offers more advanced and exclusive tools such as Trading Central (a third-party market analysis provider), SMART Signals (a proprietary algorithm that generates trading signals based on technical analysis) and Performance Analytics (a tool that tracks your trading history and provides insights into your strengths and weaknesses).
Fortrade also offers some useful tools such as an economic calendar (a tool that shows upcoming events that may affect the markets), a trading calculator (a tool that helps you calculate your margin, profit and loss) and a sentiment indicator (a tool that shows the percentage of traders who are buying or selling a certain instrument).
Fortrade vs Forex.com. 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, fees, account types, deposit and withdrawal options, trading platforms and analytical tools. Both Fortrade and Forex.com are reputable and reliable forex brokers that offer different advantages and disadvantages. There is no definitive answer to which one is better, as it depends on your personal preferences and goals. You should weigh the pros and cons of each broker and decide which one meets your expectations and requirements.
