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Do you want to know which is the better broker between FXTRADING.com and Fortrade ?
In the table below, you can compare the features of FXTRADING.com , Fortrade side by side to determine the best fit for your needs.
EURUSD: -0.6
XAUUSD: -0.6
Long: -4.97
Short: 3.39
Long: -32.87
Short: 19.5
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of fxtrading-com, fortrade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
FXTRADING.com Review Summary in 10 Aspects | |
Founded | 2014 |
Headquarters | Sydney, Australia |
Regulation | ASIC |
Market Instruments | Forex, Crypto, CFDs, Share CFDs, Commodities, Spot Metals, Energies, Indices |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | From 0.1 pips |
Trading Platforms | MT4, IRESS |
Minimum deposit | $200 |
Customer Support | 24/5 live chat, phone, email |
FXTRADING.com is an online brokerage firm that offers trading services for various financial instruments such as forex, cryptocurrencies, shares, commodities, spot metals, energies, and indices. The company was established in 2014 and is headquartered in Sydney, Australia. FXTRADING.com is regulated by the Australian Securities and Investments Commission (ASIC). The broker provides its clients with a range of trading platforms including MetaTrader4 (MT4) and IRESS, and offers several trading tools and educational resources. FXTRADING.com also has a 24/5 customer support team that can be reached via phone, email, and live chat.
FXTRADING.com has a lot of advantages, including a wide range of trading instruments, reliable trading platforms, and a variety of trading tools and educational resources. The broker also offers several account types to cater to different trading needs, and its customer support team is available 24/5 to assist clients.
However, there are some disadvantages to consider, such as high minimum deposit requirements for some account types.
Pros | Cons |
• Regulated by ASIC | • No 24/7 customer support |
• Wide range of trading instruments | • Clients from the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand are not accepted |
• Multiple trading platforms and tools available | • High minimum deposits for IRESS account types |
• Comprehensive education resources | |
• Variety of payment methods |
Please note that the above table is not exhaustive and may not include all the pros and cons of FXTRADING.com.
FXTRADING.com is a regulated and licensed broker, authorized by Australia Securities & Investment Commission (ASIC), and as such, it is considered a legitimate broker to trade with. However, as with any investment, there are always risks involved, and traders should be aware of these risks before investing their money.
Protection Method | Description |
Regulation | ASIC |
Segregated Accounts | Client money is kept separate from the broker's own operating funds, which helps to protect clients' funds in the event of the broker's insolvency |
SSL Encryption | To protect clients' personal and financial information from unauthorized access or theft |
Two-Factor Authentication | As an extra layer of security for clients' accounts, which helps to prevent unauthorized access to accounts even if a client's login credentials are compromised |
Negative Balance Protection | Clients' accounts cannot go into negative balance, ensuring that clients will not be responsible for any losses beyond their account balance |
KYC/AML Procedures | To verify clients' identities and prevent money laundering or other illegal activities, which helps to ensure the integrity of the trading platform and protect clients' funds |
Note that this table is not exhaustive and there may be other protections or security measures in place at FXTRADING.com.
Based on the provided information on FXTRADING.com, the broker seems to prioritize its clients' safety and security by implementing various measures such as regulation by top-tier authorities, account segregation, negative balance protection, and SSL encryption. Overall, FXTRADING.com appears to be a reliable broker for traders.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
FXTRADING.com offers a diverse range of trading instruments for their clients, covering over 10,000 instruments. These instruments include Forex, Crypto CFDs, Share CFDs, Commodities, Spot Metals, Energies, and Indices. Clients have access to a variety of popular trading pairs in the forex market, as well as a selection of cryptocurrencies and share CFDs from leading global companies.
Additionally, they offer various spot metals such as gold and silver, as well as energies like crude oil and natural gas, and indices from around the world. This variety of instruments allows clients to diversify their trading portfolio and take advantage of different market opportunities.
Demo Account: FXTRADING.com provides a demo account that allows you to try out the financial markets without the risk of losing money.
MT4 Live Account: FXTRADING.com offers a total of 2 account types: Standard and Pro. The minimum deposit to open an account is $200 and $500 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a Standard account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
IRESS Live Account: On the TRESS trading platform, FXTRADING.com offers three different accounts types, namely Silver, Gold, and Platinum, with minimum deposit requirements of $10,000 AUD, $50,000 AUD, and $100,000 AUD respectively. For the Silver and Gold accounts, there is a platform fee of $60 AUD, while no platform fee on the Platinum account.
FXTRADING.com offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
The spreads and commissions depend on accounts and instruments. For clients on the Standard account, they can have variable spreads from 1 pip and there is no commission, while for clients on the Pro account, they can enjoy raw spreads from 0 pips but have to pay a commission of $3.5 per lot.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
FXTRADING.com | 1 pip | No |
Admiral Markets | 0.5 pips | No |
Pepperstone | 0.16 pips | AUD 3.5/lot |
Tickmill | 0.0 pips | USD 2/lot |
Note: Spreads can vary depending on market conditions and volatility.
FXTRADING.com offers a range of trading platforms to suit the needs of its clients. One of the most popular platforms is the MetaTrader4 (MT4) platform, which is available for PC, Mac, iOS, Android and WebTrader. MT4 is a user-friendly platform that comes with advanced charting tools, technical indicators, and automated trading options.
In addition to MT4, FXTRADING.com also offers IRESS ViewPoint and IRESS Mobile, which are more advanced platforms designed for professional traders. These platforms come with additional features such as advanced order types, news and research, and real-time market data.
Overall, FXTRADING.com's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platform |
FXTRADING.com | MT4 |
Admiral Markets | MT4, MT5, WebTrader |
Pepperstone | MT4, MT5, cTrader |
Tickmill | MT4, MT5, WebTrader |
FXTRADING.com provides its clients with a wide range of trading tools to enhance their trading experience. These tools include FXT Navigator, which allows traders to view market data and analyze it through a customizable interface. Trading Central offers daily technical analysis and market insights, while the Economic Calendar provides traders with the latest economic news and announcements that can impact the financial markets. Market Sentiment offers a view on how other traders are positioned on various instruments, while API Trading and VPS are advanced tools designed for more experienced traders who use algorithmic trading strategies and need reliable and fast connectivity. Overall, these trading tools can help traders make more informed trading decisions and improve their overall performance in the financial markets.
In terms of deposit and withdrawal, like many good brokers, FXTRADING.com provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. Deposits include PayPal, VISA, MasterCard, Neteller, UnionPay, Local Internet Banking, POLi, International Bank Wire Transfer and Local Bank Transfer.
FXTRADING.com | Most other | |
Minimum Deposit | $200 | $100 |
The minimum deposit requirement is $200 to open an account. Most deposits are instant and no fees are charged.
By contrast, Clients can withdraw with PayPal, VISA, MasterCard, Neteller, International Bank Wire Transfer, UnionPay and Local Bank Transfer. Please note that withdrawal processing times may vary depending on the selected method and any applicable fees or restrictions may apply. Most withdrawals can be processed in 24 hours without any fees.
To withdraw funds from FXTRADING.com, you can follow these steps:
Step 1: Log in to your account on the FXTRADING.com website.
Step 2: Click on the “Withdrawal” button in the “My Account” section.
Step 3: Select the account you want to withdraw funds from and choose the withdrawal method.
Step 4: Enter the amount you wish to withdraw and follow the on-screen instructions to complete the process.
FXTRADING.com does not charge any deposit and withdrawal fees, but there may be additional fees charged by banks or other intermediaries involved in the transfer of funds.
There is an inactivity fee of $10 per month after 6 consecutive months of inactivity. This fee will be charged to any account with no trading activity for more than 6 months. However, it's important to note that this fee is subject to change and may vary depending on the type of account and the jurisdiction of the client.
See the fee comparison table below:
Broker | Deposit Fees | Withdrawal Fees | Inactivity Fees |
FXTRADING.com | No | No | $10/month after 6 consecutive months of inactivity |
Admiral Markets | No | No (except for bank transfers) | No |
Pepperstone | No | No | $20/month after 12 months |
Tickmill | No (except for bank transfers) | $2 for credit/debit cards, 1% for other methods | $5/month after 6 months |
Note: Fees may vary depending on account type and payment method. Please refer to each broker's website for the latest information.
FXTRADING.com offers customer support 24/5 via email, phone, and live chat. It supports both English and Chinese. Their website also includes a FAQ section with answers to commonly asked questions. You can also follow them on some social networks including Facebook, Twitter, LinkedIn, Instagram and Twitter.
Overall, FXTRADING.com's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• Offers multilingual support 24/5 | • Limited availability during weekends and public holidays |
• Live chat support available on the website | |
• Quick response time to email inquiries | |
• Knowledgeable and helpful customer service representatives |
Note: These pros and cons are subjective and may vary depending on the individual's experience with FXTRADING.com's customer service.
FXTRADING.com offers a range of educational resources to help traders improve their knowledge and skills. The Market News section provides the latest updates on market events and trends, while the FXT Analysis section offers expert analysis and commentary. The Trading Insight section contains a variety of educational materials, including trading strategies and tutorials on technical and fundamental analysis. The FXT Navigator Guide is a comprehensive guide for traders on how to use the platform's features and tools. Additionally, FXTRADING.com offers webinars hosted by industry experts, providing traders with the opportunity to learn directly from experienced professionals.
In conclusion, FXTRADING.com is a well-regulated broker offering a wide range of trading instruments, powerful trading platforms, and comprehensive trading tools and resources. The broker's low spreads, flexible leverage options, and multiple account types cater to traders of all levels. The customer support team is professional and responsive, and the educational resources are valuable for beginner and experienced traders alike. While there are some fees associated with trading, overall, FXTRADING.com provides a competitive and reliable trading environment.
Question 1: | Is FXTRADING.com regulated? |
Answer 1: | Yes. It is regulated by ASIC. |
Question 2: | At FXTRADING.com, are there any regional restrictions for traders? |
Answer 2: | Yes. Restricted Countries: the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand. |
Question 3: | Does FXTRADING.com offer demo accounts? |
Answer 3: | Yes. |
Question 4: | Does FXTRADING.com offer the industry-standard MT4 & MT5? |
Answer 4: | Yes. It supports MT4 and IRESS. |
Question 5: | What is the minimum deposit for FXTRADING.com? |
Answer 5: | The minimum initial deposit to open an account is $200. |
Question 6: | Is FXTRADING.com a good broker for beginners? |
Answer 6: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Fortrade Review Summary in 10 Points | |
Founded | 2013 |
Registered Country/Region | Belarus |
Regulation | ASIC, FCA, CYSEC, IIROC, NBRB |
Market Instruments | Currencies, Stocks, Indices, Precious Metals, Energy Products, Agriculture Products, US Treasury Bonds |
Demo Account | Available |
Leverage | 1:200 |
EUR/USD Spread | 2 pips |
Trading Platforms | MT4 |
Minimum deposit | $100 (with a suggestion of $500 or currency equivalent) |
Customer Support | phone, email |
Fortrade is an online forex market trading service provider founded in 2013 and currently holds a full license from the Australian Securities and Investments Commission (ASIC), a full license from the UK Financial Conduct Authority (FCA), a full license from the Cyprus Securities and Exchange Commission (CYSEC), a full license from the Investment Industry Regulatory Organization of Canada (IIROC), and a retail forex license from the National Bank of Belarus (NBRB).
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Fortrade is a regulated broker that offers a wide range of assets for trading, including forex, indices, commodities, and securities. The broker provides a free demo account with no time restrictions, making it an excellent tool for beginners to practice trading. Fortrade has a powerful MT4 trading platform available on desktop, web, and mobile devices, providing traders with flexibility and convenience.
In terms of fees, Fortrade charges no trading commissions and offers competitive spreads, although overnight rollover fees and inactivity fees may apply. Customer support is available via email and telephone, but the lack of live chat support may be a drawback for some traders. Overall, Fortrade is a solid choice for traders looking for a regulated broker with a user-friendly trading platform and a variety of underlying assets for trading.
Pros | Cons |
• Regulated by multiple authorities | • Negative reviews regarding withdrawals |
• Wide range of assets for trading | • Limited live account types |
• Free demo account with no time restrictions | • Inactivity fee after 6 months |
• Powerful MT4 trading platform with mobile, web, and desktop options | • Limited educational resources |
• No trading commissions | • Limited payment options |
There are many alternative brokers to Fortrade depending on the specific needs and preferences of the trader. Some popular options include:
Hugo's Way - A relatively new broker with competitive spreads, high leverage, and a limited range of trading instruments.
ICM Capital - A well-regulated broker offering a diverse range of trading instruments, advanced trading platforms, and excellent customer support.
IFC Markets - An innovative broker with a unique approach to trading, offering a wide range of financial instruments, low minimum deposits, and advanced trading tools.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Regulation by multiple reputable authorities such as ASIC, FCA, CYSEC, IIROC, and NBRB can provide some level of assurance of safety and reliability for traders. However, negative reviews of Fortrade regarding withdrawal issues are concerning, and potential traders should conduct thorough research and exercise caution before depositing funds with this broker. It is always recommended to carefully read the terms and conditions, including withdrawal policies, before trading with any broker.
Fortrade provides investors with a range selection of tradable financial instruments, including more than 300 foreign currency, stock index, securities, oil, and precious metals CFD products. This wide range of financial instruments allows traders to have more options to diversify their portfolios and potentially increase their profits.
Demo account: A free demo account is available to Fortrade customers. Users can practice their trading strategy with a €10,000 virtual investment, available on either the Fortrader or MetaTrader 4 platforms. Fortrade's demo account seems to be a useful tool for traders to practice their strategies without any pressure, and the lack of time restrictions makes it more convenient for beginners.
Live account: Fortrade only offers a single live account type, where the specific trading conditions vary depending on assets and trading size. The minimum deposit is reasonable at $100, with a suggestion of $500 or currency equivalent.
Leverage is up to 1:200 for forex products, 1:20, 1:25, 1:50 for stock indices, 1:10 for EU securities, 1:50 for CFDs on agricultural commodities, 1:100 for gold and silver, 1:33 for corn, cotton, and soybeans. It is important to keep in mind that leverage can magnify profits, but it can also lead to greater losses, so traders should use leverage wisely and carefully manage their risk.
It seems that Fortrade charges mark-ups on spreads instead of trading commissions, which could be beneficial for traders who want to avoid commission fees. However, it is important to note that the mark-up on spreads may fluctuate, and traders should take this into consideration when planning their trades.
The average spread for EURUSD is 2 pips, and the average spread for USDGBP is 3 pips. Indices spread: Canada 60 average spread is 1 pip, US 2000 average spread is 0.6, US 500 average spread is 0.6. The gold average spread is $0.45, and the silver average spread is $0.04.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Fortrade | 2 pips | None |
Hugo's Way | 0.0 pips | $5 per lot |
ICM Capital | 1.6 pips | None |
IFC Markets | 0.4 pips | None |
Note that the commission for Hugo's Way is per lot, and a lot size varies depending on the account type and asset being traded. Additionally, spreads are variable and subject to change, especially during times of high market volatility.
Fortrade offers its users a market-leading and powerful MT4 trading platform, including the mobile MT4, web MT4, and desktop MT4. The platform is renowned for its advanced charting tools, technical analysis indicators, and automated trading capabilities, making it suitable for traders of all levels.
The desktop version of MT4 provides traders with access to real-time pricing and trading, advanced charting and analysis tools, and the ability to place orders quickly and easily. The web version of MT4 is accessible from any web browser and offers traders the flexibility to trade from any location, while the mobile version of MT4 enables traders to manage their accounts and access the markets from their smartphones and tablets.
See the trading platform comparison table below:
Broker | Trading Platforms |
Fortrade | MT4, WebTrader |
Hugo's Way | MT4, MT5 |
ICM Capital | MT4, cTrader |
IFC Markets | MT4, MT5, NetTradeX |
Deposits and withdrawals can be made via credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. The recommended initial deposit requirement is $/€/£500, however, it is possible to deposit as little as $100 or equivalent currency to get started.
Fortrade | Most other | |
Minimum Deposit | $100 | $100 |
The broker does not charge any deposit fees, while any bank withdrawal fees incurred by Fortrade are passed on to the customer, which is usually around $40.
Processing times will vary by method. Deposits via bank wire transfers can take up to 7 working days for funds to clear. E-wallets offer faster clearance, often within 1 day. All withdrawal requests are processed by Fortrade within 2 business days of being submitted. However, fund clearance can take up to 5 business days for bank transfers and up to 15 business days for credit/debit cards.
Apart from spreads, commissions, deposit and withdrawal fees that we have mentioned above, Fortrade also charges an overnight rollover fee and inactivity fee of $/€/£10 on accounts left dormant for 6 months.
Overnight rollover fees are a common practice in the forex and CFD industry, as positions left open overnight incur a cost for the broker. As for the inactivity fee, it is also a common practice among brokers to charge a fee on dormant accounts to cover administrative and maintenance costs.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Fortrade | None | $40 | $/€/£10 after 6 months of inactivity |
Hugo's Way | None | Free withdrawal up to $150 | None |
ICM Capital | None | None | None |
IFC Markets | varies by payment method | None | None |
Please note that the fees listed above are subject to change at the discretion of each broker. It is recommended to check with the broker's official website or customer support for the most up-to-date fee information.
Clients with any inquiries or trading-related issues can get in touch with Fortrade through the email and telephone. Here are some contact details:
Telephone: +375-17-2240625
Email: support.by@fortrade.by
FAQ section is also available.
Pros | Cons |
• Email and phone support | • No live chat support |
• Comprehensive FAQ section available | • No 24/7 customer support |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Fortrade's customer service.
On our website, you can see that some users have reported unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
All things considered, Fortrade is a reputable broker with multiple regulatory licenses, offering a wide range of assets for trading and a powerful MT4 platform. The broker charges no commissions and has competitive spreads, making it an attractive option for traders. However, there have been some negative user reviews concerning withdrawal issues and the overnight rollover fee, which may cause concern for some traders. Additionally, the lack of alternative trading platforms and the inactivity fee may be a drawback for some traders who prefer more flexibility. Overall, Fortrade is a good option for traders looking for a reliable and regulated broker with a comprehensive trading platform and competitive trading conditions.
Q 1: | Is Fortrade legitmate? |
A 1: | Yes. Fortrade is legimate. It is regulated by multiple regulatory authorities including ASIC, FCA, CYSEC, IIROC, NBRB. |
Q 2: | At Fortrade, are there any regional restrictions for traders? |
A 2: | Yes. It does not accept clients from the USA. |
Q 3: | Does Fortrade offer demo accounts? |
A 3: | Yes. |
Q 4: | How does Fortrade make money? |
A 4: | Fortrade makes money from spreads, commissions, and swap rates on leveraged overnight positions. |
Q 5: | What is the maximum leverage offered by Fortrade? |
A 5: | Fortrade offers leverage of of up to 1:200. |
Q 6: | Does Fortrade offer the industry-standard MT4 & MT5? |
A 6: | Yes. Fortrade supports MT4 Desktop, WebTrader and Mobile APP. |
Q 7: | What is the minimum deposit for Fortrade? |
A 7: | The minimum initial deposit to open an account is $100 (with a suggestion of $500 or currency equivalent). |
Q 8: | Is Fortrade a good broker for beginners? |
A 8: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
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 fxtrading-com and fortrade are, we first considered common fees for standard accounts. On fxtrading-com, the average spread for the EUR/USD currency pair is from 0.0 pips, while on fortrade the spread is --.
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.
fxtrading-com is regulated by ASIC,ASIC,VFSC. fortrade is regulated by ASIC,FCA,CYSEC,IIROC,NBRB.
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.
fxtrading-com provides trading platform including Pro,Standard and trading variety including Forex, metals, energies, commodities, cryptos & indices. fortrade provides trading platform including -- and trading variety including --.