Compare MTrading vs Fortrade
What is MTrading? What is Fortrade?
MTrading is an online broker that provides trading services for forex, CFDs, crypto, commodities, and indices. It was founded in 2014 and is regulated by the International Financial Services Commission of Belize. MTrading offers three types of trading platforms: Fortrader, MetaTrader 4, and Mobile Fortrader.
Fortrade is an online broker that also provides trading services for forex, CFDs, crypto, commodities, and indices. It was founded in 2013 and is regulated by the Financial Conduct Authority of the UK, the National Bank of the Republic of Belarus, and the Australian Securities and Investments Commission. Fortrade offers two types of trading platforms: Web Fortrader and Mobile Fortrader.
MTrading vs Fortrade Regulation Comparison
Both MTrading and Fortrade are regulated by reputable authorities in their respective jurisdictions.
However, Fortrade has more licenses than MTrading, which may indicate a higher level of trustworthiness and security for its clients. Fortrade is also compliant with the European Securities and Markets Authority (ESMA) regulations, which impose strict rules on leverage, margin, and negative balance protection.
MTrading vs Fortrade Trading Assets Comparison
Both MTrading and Fortrade offer a wide range of trading assets for their clients. However, the number and variety of assets may differ depending on the account type and the platform used. MTrading offers over 100 forex pairs, 15 crypto pairs, 9 commodities, and 13 indices. Fortrade offers over 300 forex pairs, 50 crypto pairs, 19 commodities, and 37 indices.
MTrading vs Fortrade Trading Fees Comparison
Both MTrading and Fortrade charge fees for their trading services. However, the amount and structure of the fees may vary depending on the account type, the platform used, the asset traded, and the market conditions. MTrading charges a fixed spread of 1.5 pips for EUR/USD on its Standard account, while Fortrade charges a variable spread of 2 pips for the same pair on its Standard account. Both brokers also charge a commission of $6 per lot for CFDs on their ECN accounts. Additionally, both brokers may charge swap fees for holding positions overnight, as well as deposit and withdrawal fees depending on the payment method used.
MTrading vs Fortrade Account Types Comparison
Both MTrading and Fortrade offer different types of accounts for their clients. However, the features and benefits of each account may differ depending on the broker’s policies and regulations. MTrading offers four types of accounts: Standard, ECN, Pro ECN, and Crypto. The minimum deposit for each account is $100, $500, $1000, and $100 respectively. The maximum leverage for each account is 1:1000, 1:500, 1:200, and 1:3 respectively.
Fortrade offers two types of accounts: Standard and Professional. The minimum deposit for both accounts is $100. The maximum leverage for the Standard account is 1:30 for forex and CFDs, and 1:2 for crypto. The maximum leverage for the Professional account is 1:200 for forex and CFDs, and 1:10 for crypto.
MTrading vs Fortrade Deposit Options Comparison
Both MTrading and Fortrade offer various deposit and withdrawal options for their clients. However, the availability and convenience of each option may depend on the client’s location and preference. MTrading accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill/Neteller, local banking, and other methods. Fortrade accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill/Neteller, SWIFT, local banking, and other methods.
MTrading vs Fortrade Trading Platforms Comparison
Both MTrading and Fortrade offer user-friendly and secure trading platforms for their clients. However, the functionality and compatibility of each platform may vary depending on the client’s device and operating system. MTrading offers three types of platforms: Fortrader (web-based), MetaTrader 4 (desktop-based), and Mobile Fortrader (iOS/Android-based). Fortrade offers two types of platforms: Web Fortrader (web-based) and Mobile Fortrader (iOS/Android-based).
MTrading vs Fortrade Analytical Tools Comparison
Both MTrading and Fortrade offer various analytical tools for their clients. However, the quality and quantity of the tools may differ depending on the broker’s resources and partnerships. MTrading offers market news, economic calendar, trading signals, technical analysis, and copy trading. Fortrade offers market news, economic calendar, trading signals, technical analysis, and educational resources.
MTrading vs Fortrade. Which forex broker is better? Which forex broker should you choose?
MTrading and Fortrade are both online brokers that offer trading services for various financial instruments, such as forex, CFDs, crypto, commodities, and indices. However, there are some differences between them that may affect your trading experience and performance. Here are some factors that you may want to consider when choosing a forex broker:
- Regulation: Regulation is important for ensuring the safety and security of your funds and personal information. It also indicates the credibility and reputation of the broker. Both MTrading and Fortrade are regulated by reputable authorities in their respective jurisdictions. However, Fortrade has more licenses than MTrading, which may indicate a higher level of trustworthiness and security for its clients. Fortrade is also compliant with the European Securities and Markets Authority (ESMA) regulations, which impose strict rules on leverage, margin, and negative balance protection.
- Trading Assets: Trading assets are the financial instruments that you can trade with the broker. The more assets the broker offers, the more opportunities you have to diversify your portfolio and find profitable trades. Both MTrading and Fortrade offer a wide range of trading assets for their clients. However, the number and variety of assets may differ depending on the account type and the platform used. According to WikiFX, MTrading offers over 100 forex pairs, 15 crypto pairs, 9 commodities, and 13 indices. According to Fortrade’s website, it offers over 300 forex pairs, 50 crypto pairs, 19 commodities, and 37 indices.
- Trading Fees: Trading fees are the costs that you have to pay to the broker for using their services. The lower the fees, the more profit you can keep from your trades. Both MTrading and Fortrade charge fees for their trading services. However, the amount and structure of the fees may vary depending on the account type, the platform used, the asset traded, and the market conditions. According to WikiFX, MTrading charges a fixed spread of 1.5 pips for EUR/USD on its Standard account, while Fortrade charges a variable spread of 2 pips for the same pair on its Standard account. Both brokers also charge a commission of $6 per lot for CFDs on their ECN accounts . Additionally, both brokers may charge swap fees for holding positions overnight, as well as deposit and withdrawal fees depending on the payment method used.
- Account Types: Account types are the different options that the broker offers to its clients based on their trading preferences and needs. The features and benefits of each account may differ depending on the broker’s policies and regulations. According to WikiFX, MTrading offers four types of accounts: Standard, ECN, Pro ECN, and Crypto. The minimum deposit for each account is $100, $500, $1000, and $100 respectively. The maximum leverage for each account is 1:1000, 1:500, 1:200, and 1:3 respectively. According to Fortrade’s website, it offers two types of accounts: Standard and Professional. The minimum deposit for both accounts is $100. The maximum leverage for the Standard account is 1:30 for forex and CFDs, and 1:2 for crypto. The maximum leverage for the Professional account is 1:200 for forex and CFDs, and 1:10 for crypto.
- Deposit and Withdrawal Options: Deposit and withdrawal options are the methods that you can use to fund your account or withdraw your profits from the broker. The availability and convenience of each option may depend on your location and preference. According to WikiFX, MTrading accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill/Neteller, local banking, and other methods. According to Fortrade’s website, it accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill/Neteller, SWIFT, local banking, and other methods.
- Trading Platforms: Trading platforms are the software or applications that you use to access the broker’s services and execute your trades. The functionality and compatibility of each platform may vary depending on your device and operating system. According to WikiFX, MTrading offers three types of platforms: Fortrader (web-based), MetaTrader 4 (desktop-based), and Mobile Fortrader (iOS/Android-based). According to Fortrade’s website, it offers two types of platforms: Web Fortrader (web-based) and Mobile Fortrader (iOS/Android-based).
- Analytical Tools: Analytical tools are the resources that the broker provides to help you analyze the market trends and make informed trading decisions. The quality and quantity of the tools may differ depending on the broker’s resources and partnerships. According to WikiFX, MTrading offers market news, economic calendar, trading signals, technical analysis, and copy trading. According to Fortrade’s website, it offers market news, economic calendar, trading signals, technical analysis, and educational resources.
As you can see, there are many factors that you need to consider when choosing a forex broker. Ultimately, the best broker for you depends on your personal preferences, goals, and risk appetite. You may want to do more research and compare the brokers in detail before making your final decision. You can also try their demo accounts to test their services and platforms without risking your real money.
