Fortrade vs PaxForex

Fortrade vs PaxForex Comparison Table 2023
Fortrade PaxForex
3.8
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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

PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.

Pros
  • Demo account
  • MetaTrader 4
  • Strong regulatory oversight
Cons
  • Slow deposit process
  • Withdrawal fees
Bonus
100% loyalty deposit bonus up to $10,000
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds Forex, stocks, indices, metals, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Payment Methods
Minimum Trade
0.01 Lots 0.0001 lots
Regulator
FCA, ASIC, CySEC, NBRB, FSC, IIROC FSA
Margin Trading
Yes No
MetaTrader 4
Yes 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
Yes No
STP Account
No No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android Yes
Auto Trading
Yes (EAs) Yes (EAs)
Copy Trading
No No
Social Trading
No Yes
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
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade multiple financial assets with flexible leverage Trade across markets with leveraged CFDs.
Leverage
1:30 (varies by entity) 1:500
FTSE Spread
2 9
GBPUSD Spread<
2 0.5
Oil Spread
0.04 N/A
Stocks Spread
Variable Variable
Forex Trading
Trade 50+ major and minor forex pairs Trade FX with tight spreads & 1:500 leverage.
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
2 0.5
EURUSD Spread
2 0.4
EURGBP Spread
3 1.5
Assets
50+ 60
Cryptocurrency
Trade four leading crypto coins against the US Dollar Trade popular cryptos against the US Dollar.
Spread
Variable From 3 pips
Coins
  • BTC
  • DSH
  • LTC
  • ETH
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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