5paisa vs Fortrade

5paisa vs Fortrade Comparison Table 2023
5paisa Fortrade
WINNER
5paisa is the better broker

5paisa is #35 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US not accepted

5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.

Fortrade is a multi-asset broker offering a simple live account with advanced trading tools and daily analysis features.

Pros
  • Demo account
  • MetaTrader 4
  • Strong regulatory oversight
Cons
  • Slow deposit process
  • Withdrawal fees
Instruments
Stocks, Futures, Options, Forex Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
No Yes
Minimum Deposit
INR 450 $100
Payment Methods
Minimum Trade
No 0.01 Lots
Regulator
SEBI FCA, ASIC, CySEC, NBRB, FSC, IIROC
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
Yes No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes (EAs)
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • INR
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade multiple financial assets with flexible leverage
Leverage
1:30 (varies by entity)
FTSE Spread
2
GBPUSD Spread<
2
Oil Spread
0.04
Stocks Spread
Variable
Forex Trading
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. Trade 50+ major and minor forex pairs
Forex App

The Fortrader mobile app can be used to trade 50+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.

GBPUSD Spread
N/A 2
EURUSD Spread
N/A 2
EURGBP Spread
N/A 3
Assets
4 50+
Cryptocurrency
Crypto trading not offered Trade four leading crypto coins against the US Dollar
Spread
Variable
Coins
  • BTC
  • DSH
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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