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Fortrade , CWG Markets Broker Comparison
Do you want to know which is the better broker between Fortrade and CWG Markets ?
In the table below, you can compare the features of Fortrade , CWG Markets side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
8.11
Regulated
Under guarantee
10-15 years
ASIC,FCA,CIRO,CYSEC,NBRB
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
7.39
Regulated
Under guarantee
5-10 years
FCA,FSCA,VFSC
Neteller,Skrill,Pay Retailers,ECOM,ASIA BANKS,Bank transfer,Help2Pay,kora,UnionPay,77Pay,5HPay,STICPAY
B
C
567.3
139
139
139
1994
1973
1994
B
EURUSD: 2.1
XAUUSD: -3.5
1
--
1
C
19.67 USD/Lot
25 USD/Lot
AA
Long: -5.7
Short: 1.71
Long: -54.78
Short: 16.67
AA
0.1
80.5
ECN,Standard,Cent,Islamic (Swap-Free)
--
$200
1:2000
0.0
50.00
--
--
--
Fortrade 、 CWG Markets BrokerRelated News
Fortrade 、 CWG Markets BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do fortrade and cwg-markets have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
fortrade
| Fortrade Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Hong Kong |
| Regulation | ASIC, FCA, CySEC, CIRO, NBRB |
| Market Instruments | CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | Floating around 2.5 pips |
| Trading Platform | Fortrader, MT4 |
| Min Deposit | €/$/£ 100 |
| Payment Methods | MasterCard, Visa, Skrill, Neteler, PayPal |
| Customer Support | 24/5 live chat, contact form |
| Tel: +44 204 571 7564 | |
| Email: infomu@fortrade.com, support@fortrade.com | |
| Facebook/Twitter/YouTube | |
| Restricted Regions | The United States and Belgium |
Fortrade Information
Founded in 2013, Fortrade is a regulated mult-asset broker registered in Hong Kong, offering trading in CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries on Fortrader and MT4 trading platforms.
Pros and Cons
| Pros | Cons |
| 24/5 live chat support | No 24/7 customer support |
| Regulated well | Clients from the United States and Belgium are not accepted |
| MT4 available | Wide EUR/USD spread |
| Demo accounts available | Negative comments about the difficulty in withdrawing money |
| Various tradable instruments | |
| Swap free |
Is Fortrade Legit?
Fortrade currently holds multiple regulatory licenses, including
- Australia Securities & Investment Commission (ASIC)
- Financial Conduct Authority (FCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Canadian Investment Regulatory Organization (CIRO)
- National Bank of the Republic of Belarus (NBRB)
| Regulated Country | Regulated by | Regulated Entity | License Type | License No. |
 | ASIC | FORT SECURITIES AUSTRALIA PTY. LTD. | Market Making(MM) | 000493520 |
 | FCA | Fortrade Limited | Market Making(MM) | 609970 |
 | CySEC | Fortrade Cyprus Ltd | Market Making(MM) | 385/20 |
 | CIRO | Fortrade Canada Limited | Market Making(MM) | Unreleased |
 | NBRB | Fort Securities BLR Limited Liability Company | Retail Forex License | 193075810 |
What Can I Trade on Fortrade?
Fortrade offers a wide range of market instruments, including CFDs on currencies, stocks, indices, precious metals, energy products, agriculture products, and US treasuries.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Currencies | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Precious metals | ✔ |
| Energy products | ✔ |
| Agriculture products | ✔ |
| US treasuries | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Fortrade provides demo accounts and Islamic accounts.
The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
Islamic users are allowed to open Islamic accounts with no swap fees. Clients following the Muslim faith can open a forex & CFD trading account without any rollover interests on overnight positions swap interests).
Leverage
The maximum leverage is 1:200, meaning that profits and losses are magnified 200 times. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
Fortrade cooperates with the authoritative MT4 trading platform and a propriety trading platform - Fortrader, available on the Web, Windows, and Mobile (iOS and Android).
| Trading Platform | Supported | Available Devices | Suitable for |
| Fortrader | ✔ | Web/Mobile (iOS/Android) | - |
| MT4 | ✔ | Web/Windows/Mobile (Android) | Beginners |
| MT5 | ❌ | - | Experienced traders |
Deposit and Withdrawal
The minimum deposit is €/$/£ 100. Fortrade accepts Mastercard, Visa, Skrill, Neteller, and PayPal for deposit and withdrawal.
cwg-markets
| CWG Markets Review Summary | |
| Founded | 2023-05-23 |
| Registered Country/Region | United Kingdom |
| Regulation | Offshore Regulated(VFSC)/Regulated(FCA) |
| Market Instruments | Forex/CFD stock/Precious metals/Energy/Indices/Com. Futures |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | CWG |
| Min Deposit | $10 |
| Customer Support | Email: service@cwgmarkets.com |
| Phone: +44 2037699268, +60 1800819380 | |
| Live chat | |
| Facebook/LinkedIn/Instagram | |
CWG Markets Information
CWG Markets, a registered investment firm, is the trading name of the CWG Group of companies that provides various tradable instruments including forex, CFD stock, precious metals, energy, indices, and com. futures. The broker also provides four live accounts with a maximum leverage of 1:1000. The demo and Islamic accounts are also available. The minimum spread is from 0.0 pips and the minimum deposit is $10.
Pros and Cons
| Pros | Cons |
| Various tradable instruments | High max leverage |
| Offshore Regulated(VFSC)/Regulated(FCA) | MT4/MT5 unavailable |
| Spread from 0.0 pips | Some negative comments |
| Demo account available |
Is CWG Markets Legit?
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
 | VFSC | CWG MARKETS LTD | Retail Forex License | 41694 | Offshore Regulated |
 | FCA | CWG Markets Ltd | Market Making(MM) | 785129 | Regulated |
What Can I Trade on CWG Markets?
CWG Markets offers 500+ market instruments, including forex, CFD stock, precious metals, energy, indices, and com. futures.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Energy | ✔ |
| CFD Stock | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Com. Futures | ✔ |
| Shares | ❌ |
| Commodities | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
CWG Markets has four account types: Instant, Standard, Advanced, and Institutional. Traders who want low spreads and leverage can choose an institutional account, while those with a small budget can open an instant account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus). Muslims are allowed to open Islamic accounts without swaps.
| Account Type | Instant | Standard | Advanced | Institutional |
| Minimum Deposit | $10 | $50 | $200 | $30000 |
| Spreads | 2.2 pips | 1.5 pips | 0.0 pips | 0.0 pips |
| Maximum Leverage | 1:1000 | 1:500 | 1:500 | 1:100 |
| Commission | $0 Per Side | $0 Per Side | $3 Per Side | $1.5 Per Side |
| Stop Out Level | 50% | 50% | 50% | 50% |
CWG Markets Fees
The spread starts from 0.0 pips, the commission is from $0 per side, and the swap is as low as 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
CWG Markets provides a propriety trading platform, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported |
| CWG | ✔ |
Deposit and Withdrawal
The first deposit amount must be $10 or above. CWG Markets accepts Visa, Mastercard, UnionPay, Poli, PayPal, Skrill, Neteller, Bank Transfer, etc. for deposit and withdrawal and commissions are free. CWG Markets does not charge any fees for withdrawals and covers the payment provider's fees for your first five withdrawals each month. For additional withdrawals beyond this limit, a $5 fee is applied to each transaction. Deposit processing times are instant and withdrawal processing times are within 72 hours.
Deposit:
| Payment Option | Currencies | Commission | Processing Time | Estimated Arrival Time |
| Skrill | USD/EUR | Free | Within 30 minutes | Instantly |
| Neteller | USD/EUR | Free | Within 30 minutes | Instantly |
| Sticpay | GBP/USD/EUR | Free | Within 30 minutes | Instantly |
| China UnionPay | CNY | Free | Within 30 minutes | Instantly |
| Bank Transfer | GBP/USD/EUR | Free | Within 72 hours | Instantly |
| Help2Pay | THB/VND/IDR | Free | Within an hour | Instantly |
| 5Pay | THB/VND/IDR | Free | Within 24 hours | Instantly |
| 5Pay | USDT-ERC20/USDT-TRC20 | Free | Within an hour | Instantly |
| 77pay | VND | Free | Within an hour | Instantly |
| Kora | NGN/ZAR/KES/GHS/USD | Free | Within an hour | Instantly |
| Pay Retailers | Support all South American countries | Free | Within an hour | Instantly |
| Asia Banks | IDR/VND/MYR | Free | Within an hour | Instantly |
| ECOM | VND | Free | Within an hour | Instantly |
Withdrawal:
| Payment Option | Currencies | Commission | Processing Time | Estimated Arrival Time |
| Skrill | USD/EUR | Free | Within an hour | Instantly |
| Neteller | USD/EUR | Free | Within an hour | Instantly |
| Sticpay | GBP/USD/EUR | Free | Within an hour | Instantly |
| China UnionPay | CNY | Free | Within an hour | 1-72 hours |
| Bank Transfer | GBP/USD/EUR | Free | Within an hour | 1-72 hours |
| Help2Pay | THB/VND/IDR | Free | Within an hour | 1-48 hours |
| 5Pay | THB/VND/IDR | Free | Within an hour | 1-24 hours |
| 5Pay | USDT-ERC20/USDT-TRC20 | Free | Within an hour | 1-48 hours |
| 77pay | VND | Free | Within an hour | 1-48 hours |
| Kora | NGN/ZAR/KES/GHS/USD | Free | Within an hour | 1-48 hours |
| Pay Retailers | Support all South American countries | Free | Within an hour | 1-48 hours |
| Asia Banks | IDR/VND/MYR | Free | Within an hour | 1-48 hours |
| ECOM | VND | Free | Within an hour | 1-48 hours |
Bonus
A deposit bonus can be 100% when traders register and deposit funds. Up to $2,000 per account.
Do fortrade and cwg-markets have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fortrade and cwg-markets are, we first considered common fees for standard accounts. On fortrade, the average spread for the EUR/USD currency pair is -- pips, while on cwg-markets the spread is 0.0.
Which broker between fortrade, cwg-markets is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fortrade is regulated by ASIC,FCA,CIRO,CYSEC,NBRB. cwg-markets is regulated by FCA,FSCA,VFSC.
Which broker between fortrade, cwg-markets provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fortrade provides the -- platform with products like --; cwg-markets offers the ECN,Standard,Cent,Islamic (Swap-Free) platform featuring assets including --.
