Bulbrokers
Fortrade
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Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while Fortrade was established in 1992 and is based in UK. Bulbrokers holds licences including Financial Services Authority (FSA), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. Bulbrokers serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $100 at Bulbrokers and $1 at Fortrade.
| Feature | Bulbrokers | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Services Authority (FSA) | 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 | 2000 | 1992 |
| Country | Bulgaria | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers 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 Bulbrokers). Neither broker charges withdrawal fees. Bulbrokers applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; Bulbrokers does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Bulbrokers | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Bulbrokers offers MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Fortrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | Fortrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, 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 Bulbrokers and Fortrade compare. The two brokers are evenly matched on educational content.
| Feature | Bulbrokers | 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. Bulbrokers 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 | Bulbrokers | 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 Bulbrokers and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. Bulbrokers supports 2 languages and Fortrade supports 1, giving Bulbrokers broader global reach. Both brokers are comparable on support quality.
| Feature | Bulbrokers | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |