Fortrade vs Interactive Brokers
Fortrade Review 2023 | Interactive Brokers Review 2023 |
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3.8
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4.3
Interactive Brokers is #13 in our CFD broker rankings. |
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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. |
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources. |
Comment by Reviewer | |
"With strong regulatory oversight, helpful educational content and support for the market-leading MetaTrader 4 platform, Fortrade is a good pick for newer traders." | "Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten." |
Pros | |
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Cons | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds | Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | $100 |
Regulator | |
FCA, ASIC, CySEC, NBRB, FSC, CIRO | SEC, FCA, IIROC, SFC |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1.55 - 2.59% | |
STP Account | |
No | Yes |
ECN Account | |
Yes | No |
DMA Account | |
Yes | Yes |
MAM Account | |
Yes | Yes |
PAMM Account | |
Yes | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | iOS, Android and Windows |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
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 | $0 |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
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. | Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. |
Leverage | |
1:30 (varies by entity) | 1:50 |
FTSE Spread | |
2 | 0.005% (£1 Min) |
GBPUSD Spread | |
2 | Commission (.20 pts x trade value) |
Oil Spread | |
0.04 | N/A |
Stocks Spread | |
Variable | From 0.003 per share, variable |
Forex Trading | |
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. | Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. |
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 | |
2 | Commission (.20 pts x trade value) |
EURUSD Spread | |
2 | Commission (.20 pts x trade value) |
EURGBP Spread | |
3 | Commission (.20 pts x trade value) |
Assets | |
60+ | 70+ |
Cryptocurrency | |
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. | Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. |
Spread | |
Variable | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
Fortrade vs |
Interactive Brokers vs |