Comparison of Fortrade and Plus500
Overall, Fortrade and Plus500 are both reputable CFD brokers that offer a wide range of features and markets. However, there are some key differences between the two brokers. Fortrade offers a wider range of account types, lower minimum deposits, and higher leverage than Plus500. However, Plus500 offers a wider range of educational resources and customer support options than Fortrade. Ultimately, the best broker for you will depend on your individual needs and preferences.
| Factors | Fortrade | Plus500 |
|---|---|---|
| Regulations | Regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC) | Regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia AFSL #417727. |
| Minimum Deposit | $1 (may vary based on the account type) | $100 (may vary based on the account type and region) |
| Trading Platforms | Fortrader (Web-based and Mobile) | Plus500 WebTrader, Plus500 Mobile App |
| Assets Available | Forex, Stocks, Indices, Commodities, Cryptocurrencies | Forex, Stocks, Indices, Commodities, Cryptocurrencies via CFD |
| Leverage | Up to 1:200 | Up to 1:30 for retail traders |
| Spreads | Competitive spreads on various assets | Competitive spreads on various assets |
| Commission | No commission on trades | No commission on trades |
| Demo Account | Available | Available |
| Payment Methods | Credit/debit cards, bank transfer, Skrill, Neteller, others | Credit/debit cards, PayPal, Skrill, bank transfer, others |
| Customer Support | Phone, email, live chat, and FAQ | Email, live chat, and FAQ |
| Account Types | Standard, Pro, and Islamic | Standard and Premium |
| Education | Educational resources, tutorials, and trading guides | Educational resources, video tutorials, demo account |
| Research Tools | Market analysis, economic calendar | Economic calendar, price alerts |
| Pros | - Regulated by multiple reputable financial authorities - User-friendly Fortrader platform - Competitive spreads - Comprehensive educational resources | - Regulated by multiple reputable financial authorities - Intuitive trading platforms - Wide range of tradable CFDs - Availability of price alerts |
| Cons | - Limited payment methods compared to some competitors - Limited leverage options - Limited research and analysis tools | - Limited educational resources compared to some competitors - Inactivity fee after a certain period of inactivity |
Fortrade:
Fortrade is a highly reputable online broker regulated by the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Sector Conduct Authority (FSCA) in South Africa. With a user-friendly Fortrader platform, Fortrade offers a seamless trading experience. They provide competitive spreads on a wide range of assets, including forex, stocks, indices, commodities, and cryptocurrencies. Fortrade also offers educational resources, tutorials, and market analysis tools, ensuring traders have the necessary tools and knowledge to make informed trading decisions. Read more about Fortrade...
Plus500:
Plus500 is a regulated CFD broker known for its intuitive trading platforms, including Plus500 WebTrader and a mobile app. The broker is regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. Plus500CY Ltd authorized & regulated by CySEC (#250/14). Plus500 offers a variety of tradable assets, including forex, stocks, indices, commodities, and cryptocurrencies. They provide competitive spreads and a user-friendly trading experience. The maximum leverage for Professional Traders is 1:300 but Professional Traders lose their ICF rights. Plus500 also offers a demo account and price alerts to help traders stay updated on market movements.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Read more about Plus500...
Please note that the information provided in this comparison is for informational purposes only and may be subject to change. It is always recommended to visit the official websites of the brokers and review the most up-to-date information before making any decisions.
