Wahed Invest vs Fortrade

Wahed Invest vs Fortrade Comparison Table 2022
Wahed Invest Fortrade
WINNER
Wahed Invest is the better broker
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
Wahed Invest is a Shariah-compliant trading platform aimed at Muslim investors. The trading app has 200,000+ clients, offers portfolio rebalancing and is particularly popular with beginners. Fortrade is a multi-asset broker offering a simple live account with advanced trading tools and daily analysis features.
Instruments
Stocks, Sukuk, Gold Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
No Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
SEC, SRB FCA, ASIC, CySEC, NBRB, FSC, IIROC
Margin Trading
No Yes
MetaTrader 4
No 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
No Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Robo-advisor 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
Yes No
Custodial Account
No
Guaranteed Stop Loss
No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • GBP
  • MYR
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade multiple financial assets with flexible leverage
Leverage
1:30 (varies by entity)
FTSE Spread
2
GBPUSD Spread<
2
Oil Spread
0.04
Stocks Spread
Variable
Forex Trading
Forex trading not offered Trade 50+ major and minor forex pairs
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
EURUSD Spread
2
EURGBP Spread
3
Assets
50+
Cryptocurrency
Crypto trading not offered Trade four leading crypto coins against the US Dollar
Spread
Variable
Coins
  • BTC
  • DSH
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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