Fortrade vs Plus500
Fortrade | Plus500 |
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3.8
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4.1
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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. |
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 | |
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Cons | |
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Awards | |
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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 | |
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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. | 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 | |
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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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79% of retail CFD accounts lose money. | |
More Comparisons | |
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