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Fortrade vs Plus500

Fortrade vs Plus500 Comparison Table 2023
Fortrade Plus500
Review
3.8
Review
4.1
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker also has a high safety rating with licenses from reputable regulators, including in the UK, Europe and Australia.

79% of retail CFD accounts lose money.
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." "Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a beginner-friendly trading platform."
Pros
  • Wide range of markets available including cryptos
  • Comprehensive educational resources and content
  • Strong regulation from FCA & CySEC
  • Choice of platforms including MT4
  • Unlimited time demo account
  • Online CFD trading APK
  • No commissions and tight spreads on over 2,800 instruments across forex, shares, indices, commodities, options and ETFs
  • Premium service for professional traders with added benefits including external webinars, expert analysis and a dedicated client manager
  • ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index
  • Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment
  • Excellent reputation with 24 million clients worldwide and licensed in multiple jurisdictions
  • Reliable 24/7 customer support via email, telephone, live chat and WhatsApp
  • Excellent risk management tools including guaranteed stop loss orders
  • Authorized by tier-one regulators including the FCA
Cons
  • Wider than average spreads on some assets
  • Only one account type available
  • Slow withdrawals
  • No MetaTrader 4 integration
  • $10 monthly inactivity fee
  • No copy trading
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds CFDs (forex, commodities, ETFs, options, etc.), Shares, Futures
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 Lots Varies by asset
Regulator
FCA, ASIC, CySEC, NBRB, FSC, IIROC, CIRO FCA, MAS, CySEC, ASIC, FSA, FSCA, FMA, DFSA, EFSA
Margin Trading
Yes Yes
MetaTrader 4
Yes No
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Yes (EAs)
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 Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
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. Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with flexible leverage and competitive spreads.
Leverage
1:30 (varies by entity) 1:30
FTSE Spread
2 Variable
GBPUSD Spread
2 Variable
Oil Spread
0.04 Variable
Stocks Spread
Variable 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. Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs.
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.

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
GBPUSD Spread
2 Variable
EURUSD Spread
2 Variable
EURGBP Spread
3 Variable
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. Crypto trading not offered
Spread
Variable Variable
Coins
  • BTC
  • DSH
  • LTC
  • ETH
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
79% of retail CFD accounts lose money.
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