Compare Pepperstone vs Fortrade
What is Pepperstone? What is Fortrade?
Pepperstone is an Australian forex broker that also offers CFDs on indices, commodities, cryptocurrencies, shares and more. It was founded in 2010 and is regulated in 7 jurisdictions globally, including ASIC in Australia, FCA in the UK and CySEC in Cyprus.
Fortrade is a UK-based forex broker that also offers CFDs on indices, commodities, cryptocurrencies, shares and more. It was founded in 2013 and is regulated by the FCA in the UK, IIROC in Canada, ASIC in Australia and CySEC in Cyprus.
Pepperstone vs Fortrade Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| Pepperstone | ASIC (Australia) | AFSL 414530 |
| FCA (UK) | FRN 684312 | |
| DFSA (Dubai) | F004356 | |
| SCB (Bahamas) | SIA-F217 | |
| CMA (Kenya) | 128 | |
| CySEC (Cyprus) | 388/20 | |
| BaFin (Germany) | 151148 | |
| Fortrade | FCA (UK) | FRN 609970 |
| IIROC (Canada) | BC1148613 | |
| ASIC (Australia) | AFSL 493520 | |
| CySEC (Cyprus) | CIF 385/20 |
Pepperstone vs Fortrade Trading Assets Comparison
Both brokers offer a wide range of trading instruments, but Pepperstone has more currency pairs and indices than Fortrade. Here is a breakdown of the number of assets available for each broker:
| Instrument | Pepperstone | Fortrade |
|---|---|---|
| Forex | 72+ pairs | 60+ pairs |
| Indices | 23+ indices | 19 indices |
| Commodities | 15+ commodities | 19 commodities |
| Cryptocurrencies | 6+ cryptocurrencies | 6 cryptocurrencies |
| Shares | 60+ shares | 400+ shares |
| Metals | 6 metals | 4 metals |
| Energy Products | 3 energy products | 3 energy products |
| Agriculture Products | N/A | 5 agriculture products |
| US Treasuries | N/A | N/A |
Pepperstone vs Fortrade Trading Fees Comparison
Both brokers charge variable spreads on their trades, but Pepperstone has lower spreads on average than Fortrade. Pepperstone also offers two types of accounts: Standard and Razor. The Standard account has no commission but higher spreads, while the Razor account has lower spreads but a commission of $3.5 per lot per side for forex and metals, and $0.02 per share for shares. Fortrade does not charge any commission on its trades.
Here are some examples of the average spreads for some popular instruments for each broker:
| Instrument | Pepperstone Standard Account Spreads* (pips) | Pepperstone Razor Account Spreads* (pips) + Commission** ($) | Fortrade Spreads* (pips) |
|---|---|---|---|
| EUR/USD | 1.16 – 1.27 | 0 – 0.09 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 2 – 4 |
| GBP/USD | 1.49 -1.39 | 0 -0.49 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 4 -6 |
| USD/JPY | 0.25 -0.35 | 0 -0.09 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 2 -4 |
| AUD/USD | 0.17 -0.27 | 0 -0.09 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 2 -4 |
| USD/CAD | 0.36 -0.46 | 0 -0.09 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 3 -5 |
| Gold | 0.32 -0.42 | 0 -0.09 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 4 -6 |
| Crude Oil | 0.03 -0.04 | 0 -0.01 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 6 -8 |
| USA500 | 0.4 -0.5 | 0 -0.09 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 2 -4 |
| GER30 | 1 -1.5 | 0 -1 + $7 per lot round turn ($100k traded) or $0.07 per $1000 traded round turn ($10k traded) or $0.007 per $100 traded round turn ($1k traded) | 2 -4 |
| Apple | N/A | N/A | $2 per share |
Pepperstone vs Fortrade Account Types Comparison
Pepperstone offers two types of accounts: Standard and Razor, as explained above. The minimum deposit for both accounts is $200, and the maximum leverage is 30:1 for retail clients and up to 500:1 for professional clients.
Fortrade offers only one type of account, with a minimum deposit of $100 and a maximum leverage of 30:1 for retail clients and up to 200:1 for professional clients.
Both brokers also offer demo accounts and Islamic swap-free accounts.
Pepperstone vs Fortrade Deposit Options Comparison
Both brokers accept various methods of deposit and withdrawal, such as bank wire transfer, credit/debit cards, e-wallets and local payment options.
Pepperstone does not charge any fees for deposits and withdrawals, but some third-party fees may apply depending on the method used.
Fortrade does not charge any fees for deposits, but may charge a withdrawal fee of up to 3% depending on the method used.
The processing time for deposits and withdrawals may vary depending on the method used, but generally it takes between 1 to 5 business days.
Pepperstone vs Fortrade Trading Platforms Comparison
Both brokers offer access to four major trading platforms: TradingView, MetaTrader 4, MetaTrader 5 and cTrader.
- TradingView is a web-based platform that provides advanced charting tools and social trading features.
- MetaTrader 4 is a popular desktop platform that allows customisation, automation and technical analysis.
- MetaTrader 5 is an upgraded version of MetaTrader 4 that offers more instruments, order types and indicators.
- cTrader là một nền tảng dựa trên web cung cấp khớp lệnh nhanh, khả năng đặt lệnh nâng cao và tùy chỉnh.
Both brokers also offer mobile apps for iOS and Android devices that allow trading on the go.
Pepperstone vs Fortrade Analytical Tools Comparison
Both brokers provide various analytical tools and resources to help traders make informed decisions.
Pepperstone offers:
- Smart Trader Tools: a suite of 28 indicators and expert advisors for MT4 and MT5
- Autochartist: a tool that scans the market for trading opportunities based on technical analysis
- Trading Central: a tool that provides market analysis, signals and strategies
- Market News & Analysis: daily market reviews and insights from the broker’s research team
- Economic Calendar: a tool that shows upcoming economic events and their impact on the market
- Webinars & Seminars: live and recorded sessions on various trading topics
- Trading Guides & eBooks: educational materials on forex trading, CFD trading, risk management and more
Fortrade offers:
- Trading Central: a tool that provides market analysis, signals and strategies
- Market News & Analysis: daily market reviews and analysis from the broker’s research team
- Economic Calendar: a tool that shows upcoming economic events and their impact on the market
- Online Seminars: live sessions on various trading topics
- Trading eBooks: educational materials on forex trading, CFD trading, risk management and more
Pepperstone vs Fortrade. Which forex broker is better? Which forex broker should you choose?
Both brokers have their advantages and disadvantages, as I have explained in the previous sections.
Some factors that you may want to consider when choosing a forex broker are:
- Regulation and security: You should choose a broker that is regulated by reputable authorities and that offers adequate protection for your funds and personal data.
- Trading instruments and fees: You should choose a broker that offers the instruments that you want to trade and that charges competitive fees and spreads for your trades.
- Trading platforms and tools: You should choose a broker that offers the platforms that suit your needs and preferences and that provides useful tools and resources to help you with your trading decisions.
- Customer service and support: You should choose a broker that offers responsive, professional and friendly customer service and support in your language and time zone.
The best way to find out which broker is better for you is to try them out yourself. You can open demo accounts with both brokers and test their services and features with virtual money. This way, you can compare them without risking any real money and see which one meets your expectations and requirements
