Fortrade
Markets.com
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Fortrade was founded in 1992 and is headquartered in UK, while Markets.com was established in 2008 and is based in Cyprus. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Markets.com is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Fortrade serves 10,000+ clients worldwide; Markets.com has 10,000+. The minimum deposit is $1 at Fortrade and $250 at Markets.com.
| Feature | Fortrade | Markets.com |
|---|---|---|
| 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 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 1992 | 2008 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Markets.com, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Markets.com). Neither broker charges withdrawal fees. Fortrade charges deposit fees; Markets.com does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | Markets.com |
|---|---|---|
| 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 Markets.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Markets.com supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | Markets.com |
|---|---|---|
| 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, 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 Markets.com compare. Markets.com has a video library; Fortrade does not. Markets.com integrates third-party research tools (Autochartist); Fortrade does not. Markets.com scores higher overall in education and research.
| Feature | Fortrade | Markets.com |
|---|---|---|
| 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 Markets.com supports 3 (bank transfer, credit/debit card, PayPal). Fortrade uniquely supports Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Markets.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Fortrade and Markets.com offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Markets.com supports 14, giving Markets.com broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Markets.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish |