AvaTrade
Fortrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Fortrade was established in 1992 and is based in UK. AvaTrade holds licences including Central Bank of Ireland, while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. AvaTrade serves 200,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $250 at AvaTrade and $1 at Fortrade.
| Feature | AvaTrade | Fortrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | 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 | 2006 | 1992 |
| Country | The British Virgin Islands | UK |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Fortrade, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Fortrade charges deposit fees; AvaTrade does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | AvaTrade | Fortrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | Fortrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Fortrade compare. AvaTrade has a video library; Fortrade does not. AvaTrade integrates third-party research tools (Autochartist); Fortrade does not. AvaTrade scores higher overall in education and research.
| Feature | AvaTrade | Fortrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Fortrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). Both brokers support the same set of payment methods.
| Feature | AvaTrade | Fortrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Fortrade supports 1, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English |