Fortrade
VTB 24 Bank
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while VTB 24 Bank was established in 2008 and is based in Russia. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while VTB 24 Bank is regulated by Unregulated among others. Fortrade serves 10,000+ clients worldwide; VTB 24 Bank has 10,000+. The minimum deposit is $1 at Fortrade and $100 at VTB 24 Bank.
| Feature | Fortrade | VTB 24 Bank |
|---|---|---|
| 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 | Unregulated |
| Founded | 1992 | 2008 |
| Country | UK | Russia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and VTB 24 Bank, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at VTB 24 Bank). Neither broker charges withdrawal fees. Fortrade charges deposit fees; VTB 24 Bank does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while VTB 24 Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. VTB 24 Bank supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | VTB 24 Bank |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fortrade and VTB 24 Bank compare. VTB 24 Bank runs regular live webinars; Fortrade does not. VTB 24 Bank has a video library; Fortrade does not. VTB 24 Bank publishes daily market commentary; Fortrade does not. VTB 24 Bank integrates third-party research tools (Trading Central); Fortrade does not. VTB 24 Bank maintains an archive of past webinars for on-demand viewing. VTB 24 Bank scores higher overall in education and research.
| Feature | Fortrade | VTB 24 Bank |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
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 VTB 24 Bank 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 | VTB 24 Bank |
|---|---|---|
| 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 VTB 24 Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and VTB 24 Bank supports 2, giving VTB 24 Bank broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | VTB 24 Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |