Compare IQ Option vs Fortrade
What is IQ Option? What is Fortrade ?
IQ Option is an award-winning mobile trading platform that provides clients with an opportunity to trade 200+ assets, including currencies, indices, commodities, stocks and cryptocurrencies.Fortrade is a leading provider of online trading solutions for individual and institutional clients, based in the UK. It offers a wide range of trading instruments covering more than 50 currencies, nearly 250 stock CFDs, as well as dozens of indices and commodities.
IQ Option vs Fortrade Regulation Comparison
IQ Option is authorised and regulated in the UK by the Financial Conduct Authority (FCA), with Firm Reference Number (FRN): 609970.
Fortrade is also authorised and regulated in the UK by the FCA, with FRN: 609970. In addition, it is regulated by other authorities in different jurisdictions, such as the Investment Industry Regulatory Organization of Canada (IIROC), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the National Bank of the Republic of Belarus (NBRB) and the Financial Services Commission of Mauritius (FSC).
IQ Option vs Fortrade Trading Assets Comparison
IQ Option offers more than 200 assets to trade, including 50+ currency pairs, 150+ stock CFDs, 25+ indices, 10+ commodities and 20+ cryptocurrencies.
Fortrade offers more than 300 assets to trade, including 50+ currency pairs, 250+ stock CFDs, 30+ indices, 20+ commodities, 10+ cryptocurrencies and 10+ US treasuries.
IQ Option vs Fortrade Trading Fees Comparison
IQ Option charges variable spreads on its trading instruments, which depend on market conditions and liquidity. It also charges a swap fee for holding positions overnight and an inactivity fee for dormant accounts.
Fortrade also charges variable spreads on its trading instruments, which are displayed on its website and platform. It does not charge any commissions or hidden fees. It also charges a swap fee for holding positions overnight and an inactivity fee for dormant accounts.
IQ Option vs Fortrade Account Types Comparison
IQ Option offers two types of accounts: a free demo account with a reloadable $10,000 virtual balance and a real account with a minimum deposit of $20.
Fortrade offers three types of accounts: a free demo account with a virtual balance of $10,000, a standard account with a minimum deposit of $100 and a premium account with a minimum deposit of $10,000. The premium account offers some extra benefits such as lower spreads, personal account manager and priority withdrawals.
IQ Option vs Fortrade Deposit Options Comparison
IQ Option supports a wide range of payment methods for deposits and withdrawals, such as credit/debit cards, e-wallets (Skrill, Neteller, WebMoney etc.), bank transfers and cryptocurrencies. The minimum withdrawal amount is $20 and the processing time varies depending on the method.
Fortrade also supports a wide range of payment methods for deposits and withdrawals, such as credit/debit cards, e-wallets (Skrill, Neteller etc.), bank transfers and local payment methods. The minimum withdrawal amount is $100 and the processing time varies depending on the method.
IQ Option vs Fortrade Trading Platforms Comparison
IQ Option offers its own proprietary platform called Fortrader, which is available on desktop (Windows/MacOS), web browser and mobile devices (iOS/Android). The platform has a clean and intuitive interface, with advanced features such as technical analysis tools, news feed, economic calendar, price alerts and risk management tools.
Fortrade offers two platforms: its own proprietary platform called Fortrader, which is available on desktop (Windows/MacOS), web browser and mobile devices (iOS/Android), and the popular MetaTrader 4 platform, which is available on desktop (Windows) and mobile devices (iOS/Android). Both platforms have user-friendly interfaces, with features such as charting tools, indicators, market news, economic calendar and trading signals.
IQ Option vs Fortrade Analytical Tools Comparison
IQ Option provides its clients with various analytical tools to enhance their trading performance, such as market analysis, trading videos, trading tutorials, trading strategies, trading signals and a trading community.
Fortrade also provides its clients with various analytical tools to improve their trading skills, such as market research, trading central analysis, trading product details, rollover rates, company policy and procedures, swap free Islamic account and trading tools.
IQ Option vs Fortrade . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, you can consider some of the following factors to help you make an informed decision:
- Regulation: Both IQ Option and Fortrade are regulated by the FCA in the UK, which is a reputable and strict regulator that ensures high standards of security and protection for traders. However, Fortrade also has additional licenses from other regulators in different jurisdictions, which may offer more coverage and benefits for traders from those regions.
- Trading Assets: Both IQ Option and Fortrade offer a wide range of trading instruments, covering various markets and asset classes. However, IQ Option has more cryptocurrencies to trade, while Fortrade has more commodities and US treasuries to trade. You may want to choose the broker that offers more of the assets that you are interested in or want to diversify your portfolio with.
- Trading Fees: Both IQ Option and Fortrade charge variable spreads on their trading instruments, which may vary depending on market conditions and liquidity. They also charge swap fees for holding positions overnight and inactivity fees for dormant accounts. You may want to compare the spreads and fees of the specific instruments that you want to trade and see which broker offers more competitive pricing and lower costs.
- Account Types: Both IQ Option and Fortrade offer free demo accounts with virtual balances for practice and testing purposes. They also offer real accounts with different minimum deposit requirements and benefits. IQ Option has a lower minimum deposit of $20, while Fortrade has a higher minimum deposit of $100. However, Fortrade also offers a premium account with a minimum deposit of $10,000, which offers some extra benefits such as lower spreads, personal account manager and priority withdrawals. You may want to choose the broker that suits your budget and trading needs better.
- Deposit and Withdrawal Options: Both IQ Option and Fortrade support a wide range of payment methods for deposits and withdrawals, such as credit/debit cards, e-wallets, bank transfers and local payment methods. However, IQ Option also supports cryptocurrencies as a payment option, while Fortrade does not. IQ Option also has a lower minimum withdrawal amount of $20, while Fortrade has a higher minimum withdrawal amount of $100. You may want to choose the broker that offers more convenience and flexibility for your transactions.
- Trading Platforms: Both IQ Option and Fortrade offer their own proprietary platforms called Fortrader, which are available on desktop, web browser and mobile devices. They also offer the popular MetaTrader 4 platform, which is available on desktop and mobile devices. Both platforms have user-friendly interfaces, with features such as charting tools, indicators, market news, economic calendar and trading signals. You may want to try out both platforms and see which one you prefer or find more comfortable to use.
- Analytical Tools: Both IQ Option and Fortrade provide their clients with various analytical tools to enhance their trading performance, such as market analysis, trading videos, trading tutorials, trading strategies, trading signals and a trading community. However, Fortrade also provides some additional tools such as trading central analysis, trading product details, rollover rates, company policy and procedures, swap free Islamic account and trading tools. You may want to choose the broker that offers more resources and support for your trading education and development.
