Fortrade
speedtrader
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while speedtrader was established in 2017 and is based in Netherlands. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while speedtrader is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; speedtrader has 3,500,000+. The minimum deposit is $1 at Fortrade and $250 at speedtrader.
| Feature | Fortrade | speedtrader |
|---|---|---|
| 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-F308 |
| Founded | 1992 | 2017 |
| Country | UK | Netherlands |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and speedtrader, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at speedtrader). Neither broker charges withdrawal fees. Fortrade charges deposit fees; speedtrader does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | speedtrader |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Fortrade offers MT4, MT5, cTrader, while speedtrader supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. speedtrader supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | speedtrader |
|---|---|---|
| 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 speedtrader compare. speedtrader runs regular live webinars; Fortrade does not. speedtrader has a video library; Fortrade does not. speedtrader publishes daily market commentary; Fortrade does not. speedtrader integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. speedtrader maintains an archive of past webinars for on-demand viewing. speedtrader scores higher overall in education and research.
| Feature | Fortrade | speedtrader |
|---|---|---|
| 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 speedtrader supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). speedtrader uniquely supports Skrill among the two brokers. speedtrader scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | speedtrader |
|---|---|---|
| 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 speedtrader offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and speedtrader supports 8, giving speedtrader broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | speedtrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |