Fortrade
Robinhood
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 Robinhood was established in 2013 and is based in USA. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Robinhood is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $1 at Fortrade and $0 at Robinhood.
| Feature | Fortrade | Robinhood |
|---|---|---|
| Min. Deposit | $1 | $0 |
| 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), Financial Supervision Commission (FSC) |
| Founded | 1992 | 2013 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Fortrade). Neither broker charges withdrawal fees. Fortrade charges deposit fees; Robinhood does not. The two brokers are broadly comparable on fee structure.
| Feature | Fortrade | Robinhood |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Fortrade offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood supports social and copy trading features, which Fortrade does not offer. Fortrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Fortrade | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| 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 Robinhood compare. Robinhood runs regular live webinars; Fortrade does not. Robinhood has a video library; Fortrade does not. Robinhood publishes daily market commentary; Fortrade does not. Robinhood integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | Fortrade | Robinhood |
|---|---|---|
| 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 Robinhood supports 1 (bank transfer). Fortrade uniquely supports credit/debit card and PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| 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 Robinhood offer live chat support. Fortrade offers phone support; Robinhood does not. Email support is available at both brokers. Fortrade supports 1 language and Robinhood supports 13, giving Robinhood broader global reach. Fortrade scores higher overall on customer support in our assessment.
| Feature | Fortrade | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |