Compare FP Markets vs Fortrade
What is FP Markets? What is Fortrade ?
FP Markets is a global online broker that offers forex and CFD trading on various platforms, such as MetaTrader 4, MetaTrader 5, and IRESS. Fortrade is a UK-based online broker that also offers forex and CFD trading on its proprietary platform, as well as MetaTrader 4.
FP Markets vs Fortrade Regulation Comparison
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Fortrade is regulated by the Financial Conduct Authority (FCA) in the UK, the National Bank of the Republic of Belarus (NBRB), and the Investment Industry Regulatory Organization of Canada (IIROC).
FP Markets vs Fortrade Trading Assets Comparison
FP Markets offers over 10,000 trading instruments, including forex, indices, commodities, metals, stocks, cryptocurrencies, and futures. Fortrade offers over 300 trading instruments, including forex, indices, commodities, metals, stocks, and cryptocurrencies.
FP Markets vs Fortrade Trading Fees Comparison
FP Markets charges variable spreads and commissions depending on the account type and platform. The average spread for EUR/USD is 0.1 pips on the Raw account and 1.0 pips on the Standard account. The commission is $3 per lot per side on the Raw account and zero on the Standard account. Fortrade charges fixed spreads and no commissions. The average spread for EUR/USD is 2 pips on the Standard account.
FP Markets vs Fortrade Account Types Comparison
FP Markets offers four account types: Standard, Raw, Islamic, and Professional. The minimum deposit is $100 for the Standard and Raw accounts, $1,000 for the Islamic account, and $25,000 for the Professional account. The maximum leverage is 1:500 for the Standard and Raw accounts, 1:400 for the Islamic account, and 1:100 for the Professional account.
Fortrade offers two account types: Standard and Islamic. The minimum deposit is $100 for both accounts. The maximum leverage is 1:30 for both accounts.
FP Markets vs Fortrade Deposit Options Comparison
FP Markets supports various deposit and withdrawal methods, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller, etc.), and local payment methods (POLi, BPay, etc.). The processing time is instant for most methods, except for bank wire transfers which may take up to 5 business days. There are no fees for deposits or withdrawals.
Fortrade also supports various deposit and withdrawal methods, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller, etc.), and local payment methods (Sofort, iDeal, etc.). The processing time is instant for most methods, except for bank wire transfers which may take up to 3 business days. There are no fees for deposits or withdrawals.
FP Markets vs Fortrade Trading Platforms Comparison
FP Markets provides access to three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS. MT4 and MT5 are popular platforms that offer advanced charting tools, indicators, expert advisors (EAs), and automated trading options. IRESS is a web-based platform that offers direct market access (DMA), advanced order types, market depth analysis, and news feeds.
Fortrade provides access to two trading platforms: Fortrader and MetaTrader 4 (MT4). Fortrader is a proprietary platform that offers a user-friendly interface, customizable charts, indicators, trading signals, and educational resources. MT4 is the same platform as offered by FP Markets.
FP Markets vs Fortrade Analytical Tools Comparison
FP Markets offers various analytical tools to enhance traders’ performance, such as market news, economic calendar, trading signals (Autochartist), technical analysis (Trading Central), webinars, ebooks, videos, and courses. Fortrade also offers various analytical tools to support traders’ decisions, such as market news, economic calendar, trading signals, technical analysis, webinars, ebooks, videos, and courses.
FP Markets vs Fortrade . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal trading style, goals, preferences and risk appetite. However, you can consider some of the following factors to help you make your decision:
- If you are looking for a wider range of trading instruments, lower spreads and commissions, higher leverage, and more platform options, you may prefer FP Markets over Fortrade.
- If you are looking for a simpler and more user-friendly platform, fixed spreads and no commissions, lower leverage, and more local payment methods, you may prefer Fortrade over FP Markets.
- If you are looking for a regulated and reputable broker in your jurisdiction, you may want to check the regulatory status and license number of each broker before opening an account with them.
- If you are looking for more analytical tools and educational resources, you may find that both brokers offer similar features and benefits to help you improve your trading skills and knowledge.
Ultimately, the best way to find out which broker is right for you is to try them out yourself. You can open a demo account with each broker and test their platforms, services and features without any real money risk. You can also read online reviews and feedback from other traders who have used each broker and learn from their experience.
