Fortrade
fx choice
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while fx choice was established in 2016 and is based in Australia. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while fx choice is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; fx choice has 10,000+. The minimum deposit is $1 at Fortrade and $250 at fx choice.
| Feature | Fortrade | fx choice |
|---|---|---|
| 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-F235 |
| Founded | 1992 | 2016 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and fx choice, 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 choice). Neither broker charges withdrawal fees. fx choice applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; fx choice does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | fx choice |
|---|---|---|
| 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 choice supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fx choice supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | fx choice |
|---|---|---|
| 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 choice compare. fx choice runs regular live webinars; Fortrade does not. fx choice has a video library; Fortrade does not. fx choice publishes daily market commentary; Fortrade does not. fx choice integrates third-party research tools (Trading Central); Fortrade does not. fx choice maintains an archive of past webinars for on-demand viewing. fx choice scores higher overall in education and research.
| Feature | Fortrade | fx choice |
|---|---|---|
| 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 choice supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx choice uniquely supports Skrill among the two brokers. fx choice scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | fx choice |
|---|---|---|
| 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 choice offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and fx choice supports 8, giving fx choice broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | fx choice |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |