forexite
Fortrade
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Overview
forexite was founded in 2010 and is headquartered in Switzerland, while Fortrade was established in 1992 and is based in UK. forexite holds licences including Financial Conduct Authority (FCA), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. forexite serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $250 at forexite and $1 at Fortrade.
| Feature | forexite | Fortrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229 | 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 | Switzerland | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between forexite and Fortrade, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at forexite). forexite charges withdrawal fees while Fortrade does not, a notable advantage for frequent withdrawers. forexite applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; forexite does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | forexite | Fortrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
forexite offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. forexite supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | forexite | 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 forexite and Fortrade compare. forexite runs regular live webinars; Fortrade does not. forexite has a video library; Fortrade does not. forexite publishes daily market commentary; Fortrade does not. forexite integrates third-party research tools (Trading Central); Fortrade does not. forexite maintains an archive of past webinars for on-demand viewing. forexite scores higher overall in education and research.
| Feature | forexite | Fortrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. forexite accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Fortrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). forexite uniquely supports Skrill among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | forexite | Fortrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both forexite and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. forexite supports 8 languages and Fortrade supports 1, giving forexite broader global reach. Both brokers are comparable on support quality.
| Feature | forexite | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English |