Forex EE
Fortrade
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Fortrade was established in 1992 and is based in UK. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. Forex EE serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $100 at Forex EE and $1 at Fortrade.
| Feature | Forex EE | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Ministry of Economic Affairs in Estonia | 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 | Grenadines | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE 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 EE). Forex EE charges withdrawal fees while Fortrade does not, a notable advantage for frequent withdrawers. Fortrade charges deposit fees; Forex EE does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Forex EE | Fortrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Forex EE 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 | Forex EE | Fortrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | 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 EE and Fortrade compare. Forex EE has a video library; Fortrade does not. Forex EE integrates third-party research tools (Autochartist); Fortrade does not. Forex EE scores higher overall in education and research.
| Feature | Forex EE | Fortrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex EE 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 EE | 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 EE and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE supports 2 languages and Fortrade supports 1, giving Forex EE broader global reach. Both brokers are comparable on support quality.
| Feature | Forex EE | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |