Fortrade
Virtual Brokers
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while Virtual Brokers was established in 2008 and is based in Canada. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. Fortrade serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $1 at Fortrade and $1000 at Virtual Brokers.
| Feature | Fortrade | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| 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 | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 1992 | 2008 |
| Country | UK | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Virtual Brokers, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $1000 at Virtual Brokers). Virtual Brokers charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. Fortrade charges deposit fees; Virtual Brokers does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while Virtual Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | Virtual Brokers |
|---|---|---|
| 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,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fortrade and Virtual Brokers compare. Virtual Brokers runs regular live webinars; Fortrade does not. Virtual Brokers has a video library; Fortrade does not. Virtual Brokers publishes daily market commentary; Fortrade does not. Virtual Brokers integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | Fortrade | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers supports 2 (bank transfer, credit/debit card). Fortrade uniquely supports PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Virtual Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| 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 Virtual Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Virtual Brokers supports 2, giving Virtual Brokers broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Virtual Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |