Fortrade
the share centre
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while the share centre was established in 2019 and is based in Bulgaria. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while the share centre is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; the share centre has 60,000+. The minimum deposit is $1 at Fortrade and $250 at the share centre.
| Feature | Fortrade | the share centre |
|---|---|---|
| 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-F322 |
| Founded | 1992 | 2019 |
| Country | UK | Bulgaria |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and the share centre, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at the share centre). the share centre charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. the share centre applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; the share centre does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | the share centre |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Fortrade offers MT4, MT5, cTrader, while the share centre supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. the share centre supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | the share centre |
|---|---|---|
| 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 the share centre compare. the share centre has a video library; Fortrade does not. the share centre integrates third-party research tools (Autochartist); Fortrade does not. the share centre scores higher overall in education and research.
| Feature | Fortrade | the share centre |
|---|---|---|
| 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 the share centre supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). the share centre uniquely supports Skrill among the two brokers. the share centre scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | the share centre |
|---|---|---|
| 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 the share centre offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and the share centre supports 8, giving the share centre broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | the share centre |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |