Fortrade
FX Primus
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while FX Primus was established in 2009 and is based in Cyprus. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Fortrade serves 10,000+ clients worldwide; FX Primus has 10,000+. The minimum deposit is $1 at Fortrade and $100 at FX Primus.
| Feature | Fortrade | FX Primus |
|---|---|---|
| Min. Deposit | $1 | $100 |
| 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 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 1992 | 2009 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and FX Primus, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at FX Primus). FX Primus charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. Fortrade charges deposit fees; FX Primus does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | FX Primus |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while FX Primus supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FX Primus supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | FX Primus |
|---|---|---|
| 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, Mac, Mirror Trader, Web Trader, 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 Primus compare. FX Primus runs regular live webinars; Fortrade does not. FX Primus has a video library; Fortrade does not. FX Primus publishes daily market commentary; Fortrade does not. FX Primus integrates third-party research tools (Trading Central); Fortrade does not. FX Primus maintains an archive of past webinars for on-demand viewing. FX Primus scores higher overall in education and research.
| Feature | Fortrade | FX Primus |
|---|---|---|
| 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 Primus supports 3 (bank transfer, credit/debit card, Neteller). Fortrade uniquely supports PayPal among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | FX Primus |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | 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 Fortrade and FX Primus offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and FX Primus supports 8, giving FX Primus broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | FX Primus |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian |