Fortrade
huobi
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while huobi was established in 2013 and is based in China. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while huobi is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; huobi has 10,000+. The minimum deposit is $1 at Fortrade and $250 at huobi.
| Feature | Fortrade | huobi |
|---|---|---|
| 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-F257 |
| Founded | 1992 | 2013 |
| Country | UK | China |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and huobi, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at huobi). Neither broker charges withdrawal fees. Fortrade charges deposit fees; huobi does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | huobi |
|---|---|---|
| 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 huobi supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. huobi supports social and copy trading features, which Fortrade does not offer. huobi edges ahead on platform breadth and functionality in our scoring.
| Feature | Fortrade | huobi |
|---|---|---|
| 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 huobi compare. huobi runs regular live webinars; Fortrade does not. huobi has a video library; Fortrade does not. huobi publishes daily market commentary; Fortrade does not. huobi integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. huobi maintains an archive of past webinars for on-demand viewing. huobi scores higher overall in education and research.
| Feature | Fortrade | huobi |
|---|---|---|
| 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 huobi supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). huobi uniquely supports Skrill among the two brokers. huobi scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | huobi |
|---|---|---|
| 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 huobi offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and huobi supports 8, giving huobi broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | huobi |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |