Fortrade
global prime
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while global prime was established in 2018 and is based in United Kingdom. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while global prime is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; global prime has 10,000+. The minimum deposit is $1 at Fortrade and $250 at global prime.
| Feature | Fortrade | global prime |
|---|---|---|
| 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-F249 |
| Founded | 1992 | 2018 |
| Country | UK | United Kingdom |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and global prime, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at global prime). global prime charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. Fortrade charges deposit fees; global prime does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | global prime |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while global prime 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 | global prime |
|---|---|---|
| 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 global prime compare. global prime has a video library; Fortrade does not. global prime integrates third-party research tools (Autochartist); Fortrade does not. global prime scores higher overall in education and research.
| Feature | Fortrade | global prime |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 global prime supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). global prime uniquely supports Skrill among the two brokers. global prime scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | global prime |
|---|---|---|
| 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 global prime offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and global prime supports 8, giving global prime broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | global prime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |