Fortrade vs Plus500

Fortrade vs Plus500 Comparison Table 2024
Fortrade	Plus500
Review 3.8	Review 4.1

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.	Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
Customer Reviews
	3 Based on 1 Plus500 customer reviews
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 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources."
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	Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
Wider than average spreads on some assets Only one account type available Slow withdrawals	Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced day traders looking for familiarity Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners The absence of social trading means users can’t follow and replicate the trades of experienced traders Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited Algo trading and scalping are not supported, which may deter some day traders
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 on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$100	$100
Trading Platforms
MT4 TradingCentral	WebTrader App
Payment Methods
Credit Card Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer	Apple Pay Credit Card Debit Card Mastercard PayPal Skrill Trustly Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, CySEC, NBRB, FSC, CIRO	FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Margin Trading
Yes	Yes
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 & Windows
App Review
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 and reliable, 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.
Android App Rating
4.2	4.3
iOS App Rating
3.5	4.1
Auto Trading
Expert Advisors (EAs) on MetaTrader	No
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	$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP	USD EUR GBP AUD ZAR CZK
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Toronto Stock Exchange	Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 London Stock Exchange Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Copper Corn Cotton Gasoline Gold Natural Gas Oil Palladium Platinum Silver Sugar Wheat	Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Oil Palladium Platinum Silver Soybeans Sugar Wheat
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.	Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees.
Leverage
1:30 (varies by entity)	1:30
FTSE Spread
2	1.2
GBPUSD Spread
2	1.1
Oil Spread
0.04	0.04
Stocks Spread
Variable	0.08
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 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives.
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 and reliable, 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	1.1
EURUSD Spread
2	0.6
EURGBP Spread
3	1.4
Assets
60+	60+
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.	Investors can trade on rising and falling prices with CFDs on popular cryptos like Bitcoin. Plus500 also stands out for its crypto indices, which offer diversification opportunities by tracking a basket of leading digital currencies. Availability subject to regulation.
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

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