Fortrade
World Forex Review
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while World Forex Review was established in 2008 and is based in Vanuatu. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while World Forex Review is regulated by Vanuatu Financial Services Commission (VFSC) among others. Fortrade serves 10,000+ clients worldwide; World Forex Review has 10,000+. The minimum deposit is $1 at Fortrade and $100 at World Forex Review.
| Feature | Fortrade | World Forex Review |
|---|---|---|
| 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 | Vanuatu Financial Services Commission (VFSC) |
| Founded | 1992 | 2008 |
| Country | UK | Vanuatu |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and World Forex Review, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at World Forex Review). World Forex Review charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. Fortrade charges deposit fees; World Forex Review does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | World Forex Review |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Fortrade offers MT4, MT5, cTrader, while World Forex Review supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Fortrade | World Forex Review |
|---|---|---|
| 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 | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fortrade and World Forex Review compare. World Forex Review runs regular live webinars; Fortrade does not. World Forex Review has a video library; Fortrade does not. World Forex Review publishes daily market commentary; Fortrade does not. World Forex Review integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. World Forex Review maintains an archive of past webinars for on-demand viewing. World Forex Review scores higher overall in education and research.
| Feature | Fortrade | World Forex Review |
|---|---|---|
| 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 World Forex Review 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 | World Forex Review |
|---|---|---|
| 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 World Forex Review offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and World Forex Review supports 2, giving World Forex Review broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | World Forex Review |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |