Fortrade
Plus500
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while Plus500 was established in 2008 and is based in Israel. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909) among others. Fortrade serves 10,000+ clients worldwide; Plus500 has 1,000,000+. The minimum deposit is $1 at Fortrade and $100 at Plus500.
| Feature | Fortrade | Plus500 |
|---|---|---|
| Min. Deposit | $1 | $100 |
| 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 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 |
| Founded | 1992 | 2008 |
| Country | UK | Israel |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Plus500, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Plus500). Neither broker charges withdrawal fees. Plus500 applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; Plus500 does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | Plus500 |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while Plus500 supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Plus500 supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | Plus500 |
|---|---|---|
| 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 | 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 Plus500 compare. Plus500 runs regular live webinars; Fortrade does not. Plus500 has a video library; Fortrade does not. Plus500 publishes daily market commentary; Fortrade does not. Plus500 integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Plus500 maintains an archive of past webinars for on-demand viewing. Plus500 scores higher overall in education and research.
| Feature | Fortrade | Plus500 |
|---|---|---|
| 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 Plus500 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). Fortrade uniquely supports Neteller among the two brokers. Plus500 uniquely supports Skrill among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Plus500 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| 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 Plus500 offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Plus500 supports 15, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Plus500 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |