Expert Option vs Fortrade
Expert Option | Fortrade |
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3.5
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3.8
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Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders. |
Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform. |
Customer Reviews | |
5
Based on 13 Expert Option customer reviews
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Bonus Offer | |
100% deposit bonus | |
Comment by Reviewer | |
"Expert Option will suit aspiring traders who want to access the financial markets through an options broker with a very easy-to-learn bespoke platform. The user-friendly day trading platform is clear and reliable." | "With strong regulatory oversight, helpful educational content and support for the market-leading MetaTrader 4 platform, Fortrade is a good pick for newer traders." |
Pros | |
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Cons | |
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Instruments | |
Options, Stocks, Commodities, Forex, Crypto, Futures, | Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$1 | 0.01 Lots |
Regulator | |
SVGFSA | FCA, ASIC, CySEC, NBRB, FSC, CIRO |
Margin Trading | |
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 | |
No | 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 |
App Review | |
Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The ‘Tap Game’ is also gimmicky and does little to serve serious traders. |
The Fortrader mobile app can be used to trade 60+ 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. |
Android App Rating | |
4.2 |
4.2 |
iOS App Rating | |
2.5 |
3.5 |
Auto Trading | |
ExpertBot | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
You can study and copy the positions of established VIPs to increase potential returns. Users can find master traders based on asset class and historic returns. A useful leaderboard is available to social traders. | |
Social Trading | |
Yes | No |
Trade Signals | |
Only for Platinum and Exclusive accounts | 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 | |
$50 | $10 |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform. |
Leverage | |
N/A | 1:30 (varies by entity) |
FTSE Spread | |
N/A | 2 |
GBPUSD Spread | |
N/A | 2 |
Oil Spread | |
N/A | 0.04 |
Stocks Spread | |
N/A | Variable |
Forex Trading | |
Expert Option traders can access some of the most popular forex pairs including USD/EUR, GBP/USD and GBP/EUR using binary options contracts that payout up to 95%, well above the industry average of around 85%. | Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips. |
Forex App | |
The Fortrader mobile app can be used to trade 60+ 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. |
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GBPUSD Spread | |
Variable | 2 |
EURUSD Spread | |
Variable | 2 |
EURGBP Spread | |
Variable | 3 |
Assets | |
6 | 60+ |
Cryptocurrency | |
Traders can speculate on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) price movements using high/low binary options on a proprietary platform. These are three of the most popular cryptocurrencies on the market, but the offering lacks the variety and volatility offered by less popular tokens. | Fortrade offers CFD trading on the largest cryptos by market cap paired with USD. Crypto CFD availability depends on local regulations and they are not offered in jurisdictions including the UK due to restrictions. |
Spread | |
$5 on any winning trades | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Expert Option is a well-known binary options broker providing access to 100 assets with a $5 charge on winning trades. Payouts are competitive and users can speculate on rising or falling prices with one-click in the web-accessible platform. Binaries are aimed at ultra-short-term traders, ranging from 60 seconds to 5 minutes. | Binary options trading not offered |
Payout | |
95% | |
Expiry Times | |
60 seconds - 5 minutes | |
Ladder Options | |
No | No |
Boundary Options | |
Yes | No |
More Comparisons | |
Expert Option vs |
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