Fortrade
fxdd
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while fxdd was established in 2010 and is based in Belize. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while fxdd is regulated by Malta Financial Services Authority MFSA IS/48817. Financial Services Commission among others. Fortrade serves 10,000+ clients worldwide; fxdd has 14,000,000+. The minimum deposit is $1 at Fortrade and $250 at fxdd.
| Feature | Fortrade | fxdd |
|---|---|---|
| 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 | Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, Mauritius. License Number C117017252 |
| Founded | 1992 | 2010 |
| Country | UK | Belize |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and fxdd, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at fxdd). Neither broker charges withdrawal fees. Fortrade charges deposit fees; fxdd does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | fxdd |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while fxdd supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxdd supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | fxdd |
|---|---|---|
| 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 fxdd compare. fxdd runs regular live webinars; Fortrade does not. fxdd has a video library; Fortrade does not. fxdd publishes daily market commentary; Fortrade does not. fxdd integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. fxdd maintains an archive of past webinars for on-demand viewing. fxdd scores higher overall in education and research.
| Feature | Fortrade | fxdd |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 fxdd supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxdd uniquely supports Skrill among the two brokers. fxdd scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | fxdd |
|---|---|---|
| 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 fxdd offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and fxdd supports 8, giving fxdd broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | fxdd |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |