Eightcap
Fortrade
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while Fortrade was established in 1992 and is based in UK. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. Eightcap serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $100 at Eightcap and $1 at Fortrade.
| Feature | Eightcap | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC) | 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 | 2009 | 1992 |
| Country | Australia | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap 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 Eightcap). Eightcap charges withdrawal fees while Fortrade does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; Eightcap does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Eightcap | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | 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, 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 Eightcap and Fortrade compare. The two brokers are evenly matched on educational content.
| Feature | Eightcap | 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. Eightcap 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 | Eightcap | 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 Eightcap and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. Eightcap supports 2 languages and Fortrade supports 1, giving Eightcap broader global reach. Both brokers are comparable on support quality.
| Feature | Eightcap | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |