Fortrade
fx central clearing
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while fx central clearing was established in 2015 and is based in Portugal. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while fx central clearing is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; fx central clearing has 30,000+. The minimum deposit is $1 at Fortrade and $250 at fx central clearing.
| Feature | Fortrade | fx central clearing |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | 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 | 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-F234 |
| Founded | 1992 | 2015 |
| Country | UK | Portugal |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and fx central clearing, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at fx central clearing). Neither broker charges withdrawal fees. fx central clearing applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; fx central clearing does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | fx central clearing |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while fx central clearing supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Fortrade | fx central clearing |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Binary, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fortrade and fx central clearing compare. fx central clearing runs regular live webinars; Fortrade does not. fx central clearing has a video library; Fortrade does not. fx central clearing publishes daily market commentary; Fortrade does not. fx central clearing integrates third-party research tools (Trading Central); Fortrade does not. fx central clearing maintains an archive of past webinars for on-demand viewing. fx central clearing scores higher overall in education and research.
| Feature | Fortrade | fx central clearing |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Fortrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while fx central clearing supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx central clearing uniquely supports Skrill among the two brokers. fx central clearing scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | fx central clearing |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| 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 Fortrade and fx central clearing offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and fx central clearing supports 8, giving fx central clearing broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | fx central clearing |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |