Fortrade
Zacks Trade
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while Zacks Trade was established in 2008 and is based in United States. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Zacks Trade is regulated by Unregulated among others. Fortrade serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $1 at Fortrade and $2500 at Zacks Trade.
| Feature | Fortrade | Zacks Trade |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| 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 | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Zacks Trade, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $2500 at Zacks Trade). Neither broker charges withdrawal fees. Fortrade charges deposit fees; Zacks Trade does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | Zacks Trade |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Fortrade offers MT4, MT5, cTrader, while Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fortrade and Zacks Trade compare. Zacks Trade runs regular live webinars; Fortrade does not. Zacks Trade has a video library; Fortrade does not. Zacks Trade publishes daily market commentary; Fortrade does not. Zacks Trade integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Fortrade | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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 Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Zacks Trade supports 2, giving Zacks Trade broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |