FXOpen vs. Fortrade

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

FXOpen

  • Pros
  • Leverage up to 1:500.
  • Trade on MetaTrader 4, 5 or TickTrader.
  • All trading strategies allowed (ECN account).
  • Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
  • Cons
  • Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
  • FXOpen is only regulated in Nevis.
  • Awards
  • High-quality order execution, 2018 - VerifyMyTrade
  • Best Forex Broker Australia, 2011 - World Finance
  • Best Trading Platform, 2010 - Falcon Award
Fortrade

71% of retail CFD accounts lose money

  • Pros
  • Trade CFDs on all assets classes (except crypto).
  • Broad selection of CFDs on US and European stocks.
  • Regulated in 5 jurisdictions including Europe, the UK, Australia and Canada.
  • Cons
  • Offers only MetaTrader 4 and its in-house trading platform.
  • No CFDs on crypto-currencies.

Markets

Asset classesFXOpen ▷Fortrade ▷
Forex (CFD)
Cryptos (CFD)
Stocks (CFD)
Indices (CFD)
ETFs (CFD)NA
Metals (CFD)
Energy (CFD)
Commodities (CFD)NA
Bonds (CFD)NA
Asset classes (#)FXOpen ▷Fortrade ▷
Forex (CFD)5151
Cryptos (CFD)43NA
Stocks (CFD)100205
Indices (CFD)1019
ETFs (CFD)NA3
Metals (CFD)212
Energy (CFD)35
Commodities (CFD)NA3
Bonds (CFD)NA3

Trading platforms

Trading platformsFXOpen ▷Fortrade ▷
MetaTrader 4
MetaTrader 5
cTrader
Currenex
Copy trading
Mirror trading
Other platformsTickTraderFortrader
Operating systemsFXOpen ▷Fortrade ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsFXOpen ▷Fortrade ▷
Bank transfer
Credit card
Debit card
BitcoinNA
DixiPayNA
FasaPayNA
NETELLERNA
Perfect MoneyNA
QIWI WalletNA
Skrill
SorexPayNA
WebMoneyNA
Yandex.MoneyNA
Account base currenciesFXOpen ▷Fortrade ▷
AUD - Australian DollarNA
CHF - Swiss FrancNA
EUR - Euro
GBP - British PoundNA
JPY - Japanese YenNA
RUB - Russian RoubleNA
SGD - Singapore DollarNA
USD - U.S. Dollar

Regulators

Company informationFXOpen ▷Fortrade ▷
Company nameFXOpen NZ LimitedFortrade Ltd.
Head officeAuckland, New ZealandLondon, UK
Incorporation date20052013
RegulatorsFXOpen ▷Fortrade ▷
AustraliaAFSL No. 412871AFSL No. 493520
BelarusNANBRB FRN 19307581
CanadaNACIPF protection
CySECNACIF No. 385/20
NevisNevis No. C 42235NA
UKFCA No. 579202FCA No. 609970

Fortrade

71% of retail CFD accounts lose money