Compare FreshForex vs Fortrade
What is FreshForex? What is Fortrade ?
FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. It has been operating in the foreign exchange market since 2004 and offers various account types, bonuses, educational resources and analytical tools.
Fortrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). It has been offering online trading services since 2013 and provides a range of products, platforms, market research and trading education.
FreshForex vs Fortrade Regulation Comparison
FreshForex is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines with license number 20623 IBC 2012.
Fortrade is regulated by several authorities in different jurisdictions, including the Financial Conduct Authority (FCA) in the UK with FRN: 609970, the Investment Industry Regulatory Organization of Canada (IIROC) with CRN: BC1148613, the Australian Securities and Investments Commission (ASIC) with AFSL: 493520, the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20, the National Bank of the Republic of Belarus (NBRB) with FRN: 193075810, and the Financial Services Commission, Mauritius (FSC) with SEC-2.1B investment dealer number: GB21026472.
FreshForex vs Fortrade Trading Assets Comparison
FreshForex offers over 130 trading instruments, including currency pairs, indices, stocks, precious metals, energy products, agriculture products and US treasuries.
Fortrade offers over 300 trading instruments, including currency pairs, indices, stocks, commodities, ETFs and cryptocurrencies.
FreshForex vs Fortrade Trading Fees Comparison
FreshForex charges no commission for deposits or withdrawals. It offers three account types: Classic, Market Pro and ECN. The Classic account has fixed spreads from 2 pips and no commission. The Market Pro account has floating spreads from 0.9 pips and no commission. The ECN account has floating spreads from 0 pips and commission from $3 per lot.
Fortrade charges no commission for deposits or withdrawals. It offers two account types: Standard and Pro. The Standard account has fixed spreads from 2 pips and no commission. The Pro account has floating spreads from 0.6 pips and no commission.
FreshForex vs Fortrade Account Types Comparison
| Account Type | FreshForex | Fortrade |
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Maximum Leverage | 1:2000 | 1:30 |
| Minimum Lot Size | 0.01 | 0.01 |
| Margin Call Level | 100% | 100% |
| Stop Out Level | 20% | 50% |
| Swap Free Option | Yes | Yes |
| Hedging Allowed | Yes | Yes |
| Scalping Allowed | Yes | Yes |
FreshForex vs Fortrade Deposit Options Comparison
FreshForex accepts various payment methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, ADVCash and Bitcoin.
Fortrade accepts various payment methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Sofort, iDeal and Trustly.
FreshForex vs Fortrade Trading Platforms Comparison
FreshForex offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications, web browsers or mobile apps. They support multiple order types, charting tools, indicators and automated trading.
Fortrade offers two trading platforms: Fortrader and MetaTrader 4 (MT4). Both platforms are available as desktop applications, web browsers or mobile apps. They support multiple order types, charting tools, indicators and trading signals.
FreshForex vs Fortrade Analytical Tools Comparison
FreshForex provides various analytical tools for its clients, such as daily market reviews and forecasts by financial experts, statistics of traders’ positions, economic calendar, trading signals, Forex encyclopedia and webinars.
Fortrade provides various analytical tools for its clients, such as daily market analysis and news, trading central analysis, trading product details, rollover rates, swap free Islamic account and trading calculators.
FreshForex vs Fortrade . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on many factors, such as your trading style, goals, preferences, risk appetite and experience. You may want to look at the pros and cons of each broker and compare them based on your own criteria. You may also want to test their platform and services with a demo account before opening a real account. Ultimately, the decision is yours and you should do your own research and due diligence before dealing with any broker.
