Compare FXGiants vs Fortrade
What is FXGiants? What is Fortrade?
FXGiants is a trade name of Notesco Limited, a company registered in Bermuda that provides online trading of currencies, indices, stocks and commodities. FXGiants claims to offer competitive trading conditions and excellent support for its customers.
Fortrade is a company based in London that also provides online trading of currencies, indices, stocks and commodities. Fortrade aims to provide advanced trading platforms and free educational resources for its clients.
FXGiants vs Fortrade Regulation Comparison
FXGiants is regulated by the Bermuda Monetary Authority (BMA) with license number 51491. FXGiants also operates under the supervision of the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
Fortrade is regulated by the FCA in the UK with license number 609970. Fortrade also operates under the authorization of the National Bank of the Republic of Belarus (NBRB) in Belarus, and the Investment Industry Regulatory Organization of Canada (IIROC) in Canada.
FXGiants vs Fortrade Trading Assets Comparison
FXGiants offers over 200 instruments for trading, including forex, metals, indices, futures, shares and cryptocurrencies. FXGiants allows trading with leverage up to 1:1000 for forex and 1:200 for other instruments.
Fortrade offers over 300 instruments for trading, including forex, metals, indices, commodities, shares and ETFs. Fortrade allows trading with leverage up to 1:200 for forex and 1:100 for other instruments.
FXGiants vs Fortrade Trading Fees Comparison
FXGiants charges different fees depending on the account type and the instrument traded. FXGiants offers six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread and STP/ECN Absolute Zero. The spreads vary from 0.0 pips to 2.2 pips for forex pairs, and the commissions range from $0 to $18 per lot per side for other instruments. FXGiants also charges a swap fee for holding positions overnight.
Fortrade charges a fixed spread for all instruments and account types. The spreads start from 2 pips for forex pairs, 0.04 points for indices, 0.04 dollars for commodities, and 0.01 dollars for shares. Fortrade also charges a swap fee for holding positions overnight.
FXGiants vs Fortrade Account Types Comparison
FXGiants offers six account types as mentioned above. The minimum deposit required to open an account ranges from $100 to $500 depending on the account type. All account types offer negative balance protection, market execution, scalping and hedging strategies, and access to various promotions and bonuses.
Fortrade offers two account types: Standard and Islamic. The minimum deposit required to open an account is $100 for both account types. Both account types offer negative balance protection, instant execution, scalping and hedging strategies, and access to various promotions and bonuses. The Islamic account is designed for traders who follow the Islamic faith and do not want to pay or receive interest on their trades.
FXGiants vs Fortrade Deposit Options Comparison
FXGiants supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, FasaPay), local bank transfer, and cryptocurrencies (such as Bitcoin, Ethereum). The processing time and fees may vary depending on the method chosen.
Fortrade supports various deposit and withdrawal methods as well, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller), local bank transfer, online banking (such as Sofort), prepaid cards (such as Paysafecard), and cryptocurrencies (such as Bitcoin). The processing time and fees may also vary depending on the method chosen.
FXGiants vs Fortrade Trading Platforms Comparison
FXGiants offers four trading platforms: MetaTrader 4 (MT4), WebTrader, Mobile Trader and PMAM (Multi-Account Manager). MT4 is a popular platform that provides advanced charting tools, indicators, expert advisors, and automated trading options. WebTrader is a web-based platform that allows trading from any browser without downloading any software. Mobile Trader is an app for iOS and Android devices that enables trading on the go. PMAM is a platform for professional traders who manage multiple accounts and portfolios.
Fortrade offers three trading platforms: Fortrader, MetaTrader 4 (MT4), and Mobile Fortrader. Fortrader is a proprietary platform that provides user-friendly interface, fast execution, and access to various trading tools and resources. MT4 is the same platform as offered by FXGiants. Mobile Fortrader is an app for iOS and Android devices that enables trading on the go as well.
FXGiants vs Fortrade Analytical Tools Comparison
FXGiants and Fortrade both provides various analytical tools and resources for its clients, such as market news, economic calendar, trading signals, technical analysis, webinars, and educational materials. Both also offers a personal account manager and a dedicated customer support team for its clients.
FXGiants vs Fortrade. 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, analytical tools, and customer support. You should also do your own research and compare different brokers before making a final choice.
