Bittrex
Fortrade
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Overview
Bittrex was founded in 2010 and is headquartered in South Korea, while Fortrade was established in 1992 and is based in UK. Bittrex holds licences including Securities and Exchange Commission (SEC), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. Bittrex serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $100 at Bittrex and $1 at Fortrade.
| Feature | Bittrex | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | 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 | 2010 | 1992 |
| Country | South Korea | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bittrex 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 Bittrex). Neither broker charges withdrawal fees. Bittrex charges deposit fees; Fortrade does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Bittrex | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Bittrex offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Bittrex | Fortrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | MT4, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bittrex and Fortrade compare. Bittrex runs regular live webinars; Fortrade does not. Bittrex has a video library; Fortrade does not. Bittrex publishes daily market commentary; Fortrade does not. Bittrex integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Bittrex maintains an archive of past webinars for on-demand viewing. Bittrex scores higher overall in education and research.
| Feature | Bittrex | 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. Bittrex 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 | Bittrex | 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 Bittrex and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. Bittrex supports 2 languages and Fortrade supports 1, giving Bittrex broader global reach. Both brokers are comparable on support quality.
| Feature | Bittrex | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |