eToro vs Fortrade, Who's Better?
Read our In-Depth eToro vs Fortrade Review - for 2024
Our comprehensive analysis of eToro and Fortrade has been updated for 2024 by knowledgeable insiders boasting considerable financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of eToro vs Fortrade does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Fortrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Fortrade
Each online trading platforms has some ups and downs, and any comprehensive review of eToro and Fortrade would not be complete without embracing a fair assessment.
Examine eToro and Fortrade in order to understand the way they compare to each other before you choose to make an account. Conducting a comparative analysis can place factors in perspective in order that you are aware of what you should anticipate.
So you are looking for a reputable broker and are choosing between eToro or Fortrade. Who is better in 2024?
Our eToro vs Fortrade comparison contains the most recent information so you can easily compare Fortrade against eToro.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage since you continue trading. For starters, you need to select the ideal agent who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. eToro and Fortrade are just two such trading platforms which will take you and your investment to great heights. It's important to compare eToro vs Fortrade before you trust them with your cash.
Our eToro vs Fortrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Fortrade side by side.
Our entire eToro vs Fortrade Review covers all you will need to know about trading using either eToro or Fortrade. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you select them. It is a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
eToro and Fortrade are both brokers which have paved their way successfully into the brokerage world. Within this review, we have attempted to collate some of the vital facets of both eToro and Fortrade. This review will help you to know whether either Fortrade or eToro is a fantastic fit for your own investments or not. We've attempted to breakdown all of the features and fees for your advantage.
Benefits of eToro and Fortrade Compared
eToro offers a minimum deposit of $50 while Fortrade offers a $1 minimum deposit.
Why smaller minimum deposits are good and how eToro and Fortrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments whilst Fortrade allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the eToro and Fortrade trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of eToro or Fortrade.
eToro and Fortrade Contact Details
Being able to contact your broker easily is important. eToro and Fortrade have the following contact details and social medias that you can use.
Broker | eToro | Fortrade |
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Telephone Number | +44 203 966 4506 | |
support@etoro.com | info@fortrade.com | |
Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | Michelin House, 81 Fulham Road, London. SW3 6RD |
eToro Twitter Account | Fortrade Twitter Account | |
eToro Facebook Page | Fortrade Facebook Page | |
eToro Instagram Account | Fortrade Instagram Account | |
eToro LinkedIn Page | Fortrade LinkedIn Page | |
YouTube | eToro YouTube Channel | Fortrade YouTube Channel |
Find Out More |
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Fortrade and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of eToro and Fortrade we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
eToro vs Fortrade - Awards
Broker | eToro | Fortrade |
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Awards |
eToro have won a lot of industry awards over the years they have been running as an online trading platform. We show the most recognised awards for eToro here.
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At the time of writing this Fortrade review, and despite Fortrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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eToro vs Fortrade - Frequently Asked Questions
eToro vs Fortrade - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
Fortrade was founded in 1992 and has its headquaters in UK.
What is the minimum deposit for Fortrade or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Fortrade is $1.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Fortrade are a good choice.
eToro vs Fortrade - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Fortrade is regulated by 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.
Both eToro and Fortrade have a strong set of rules for ensuring honest trading on their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare eToro vs Fortrade Commission And Fees
eToro and Fortrade are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker is not necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of fees for this purpose.
The first sort of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you're spending a spread, financing rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing money, not investing for long periods, or withdrawals.
In general, neither eToro or Fortrade charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who regularly trade, for example daily or weekly trading.
However, non-trading fees charged by eToro and Fortrade are relatively lower. As a result, you are billed more for non-trading activities on your trading account, like withdrawal and deposits. These aren't related to the purchase and sale of resources.
This eToro vs Fortrade review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For eToro And Fortrade
What Languages Do eToro And Fortrade Support?
Being able to talk easily with your trading broker is a key element when comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.
Here you will find the languages that both eToro and Fortrade support.
How Many Clients Do eToro and Fortrade Have?
Both eToro and Fortrade are well established with their client base. It is important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers eToro and Fortrade have
What Payment Methods Do eToro and Fortrade Accept?
eToro and Fortrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and Fortrade
What Can You Trade With eToro and Fortrade?
eToro offers 100 trading instruments whilst Fortrade offers 100.
Below you will find a full breakdown of what both eToro and Fortrade offer.
eToro Review
eToro vs Fortrade:
Table Of Contents
- Compare eToro vs Fortrade
- Benefits of eToro and Fortrade Compared
- Fortrade and eToro Mobile App Comparison
- eToro vs Fortrade - Awards
- eToro vs Fortrade - Frequently Asked Questions
- What is the minimum deposit for Fortrade or eToro
- eToro vs Fortrade - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And Fortrade
- What Languages Do eToro And Fortrade Support?
- How Many Clients Do eToro and Fortrade Have?
- What Payment Methods Do eToro and Fortrade Accept?
- What Can You Trade With eToro and Fortrade?