Forex Club
Fortrade
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Overview
Forex Club was founded in 2008 and is headquartered in Russia, while Fortrade was established in 1992 and is based in UK. Forex Club holds licences including Cyprus Securities and Exchange Commission (CySEC), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. Forex Club serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $100 at Forex Club and $1 at Fortrade.
| Feature | Forex Club | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | 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 | 2008 | 1992 |
| Country | Russia | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Club 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 Forex Club). Neither broker charges withdrawal fees. Fortrade charges deposit fees; Forex Club does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Forex Club | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Forex Club offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Club supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Club | 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,WEB,desktop | MT4, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Club and Fortrade compare. Forex Club runs regular live webinars; Fortrade does not. Forex Club has a video library; Fortrade does not. Forex Club publishes daily market commentary; Fortrade does not. Forex Club integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Forex Club maintains an archive of past webinars for on-demand viewing. Forex Club scores higher overall in education and research.
| Feature | Forex Club | 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. Forex Club 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 | Forex Club | 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 Forex Club and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Club supports 2 languages and Fortrade supports 1, giving Forex Club broader global reach. Both brokers are comparable on support quality.
| Feature | Forex Club | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |