Binance
Fortrade
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Overview
Binance was founded in 2017 and is headquartered in Japan, while Fortrade was established in 1992 and is based in UK. Binance holds licences including Unregulated, while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. Binance serves 13500000 clients worldwide; Fortrade has 10,000+. The minimum deposit is $100 at Binance and $1 at Fortrade.
| Feature | Binance | 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 | 2017 | 1992 |
| Country | Japan | UK |
| Clients | 13500000 | 10,000+ |
Fees
Fees are a critical factor when choosing between Binance 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 Binance). Binance charges withdrawal fees while Fortrade does not, a notable advantage for frequent withdrawers. Binance charges deposit fees; Fortrade does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Binance | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Binance offers MT4, MT5, cTrader, a proprietary platform, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binance supports social and copy trading features, which Fortrade does not offer. Binance edges ahead on platform breadth and functionality in our scoring.
| Feature | Binance | Fortrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop, Android, iPhone/iPad, Mac | MT4, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binance and Fortrade compare. Binance runs regular live webinars; Fortrade does not. Binance has a video library; Fortrade does not. Binance publishes daily market commentary; Fortrade does not. Binance integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Binance maintains an archive of past webinars for on-demand viewing. Binance scores higher overall in education and research.
| Feature | Binance | Fortrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Binance accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Fortrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). Fortrade uniquely supports PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Binance | Fortrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Binance and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. Binance supports 2 languages and Fortrade supports 1, giving Binance broader global reach. Both brokers are comparable on support quality.
| Feature | Binance | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |