Fortrade
patersons securities limited
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while patersons securities limited was established in 2015 and is based in United States. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while patersons securities limited is regulated by AFS Licence 234666 among others. Fortrade serves 10,000+ clients worldwide; patersons securities limited has 10,000+. The minimum deposit is $1 at Fortrade and $250 at patersons securities limited.
| Feature | Fortrade | patersons securities limited |
|---|---|---|
| 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 | AFS Licence 234666 |
| Founded | 1992 | 2015 |
| Country | UK | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and patersons securities limited, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at patersons securities limited). Neither broker charges withdrawal fees. Fortrade charges deposit fees; patersons securities limited does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | patersons securities limited |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while patersons securities limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. patersons securities limited supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | patersons securities limited |
|---|---|---|
| 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 patersons securities limited compare. patersons securities limited runs regular live webinars; Fortrade does not. patersons securities limited has a video library; Fortrade does not. patersons securities limited publishes daily market commentary; Fortrade does not. patersons securities limited integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. patersons securities limited maintains an archive of past webinars for on-demand viewing. patersons securities limited scores higher overall in education and research.
| Feature | Fortrade | patersons securities limited |
|---|---|---|
| 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 patersons securities limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). patersons securities limited uniquely supports Skrill among the two brokers. patersons securities limited scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | patersons securities limited |
|---|---|---|
| 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 patersons securities limited offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and patersons securities limited supports 8, giving patersons securities limited broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | patersons securities limited |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |