AB Forex
Fortrade
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while Fortrade was established in 1992 and is based in UK. AB Forex holds licences including Unregulated, while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. AB Forex serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $100 at AB Forex and $1 at Fortrade.
| Feature | AB Forex | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 |
| Founded | 2003 | 1992 |
| Country | STOCKHOLM | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and Fortrade, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at AB Forex). AB Forex charges withdrawal fees while Fortrade does not, a notable advantage for frequent withdrawers. AB Forex applies inactivity fees on dormant accounts; Fortrade does not. AB Forex charges deposit fees; Fortrade does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | AB Forex | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Fortrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | Fortrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and Fortrade compare. The two brokers are evenly matched on educational content.
| Feature | AB Forex | Fortrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Fortrade uniquely supports bank transfer and credit/debit card and PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | Fortrade |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Fortrade offers live chat; AB Forex does not, making Fortrade easier to reach in real time. Fortrade offers phone support; AB Forex does not. Fortrade offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and Fortrade supports 1, giving AB Forex broader global reach. Fortrade scores higher overall on customer support in our assessment.
| Feature | AB Forex | Fortrade |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English |