iFOREX vs Fortrade

iFOREX or Fortrade – which is better for UK traders 2024? Compare iFOREX and Fortrade in this detailed breakdown of their platforms, features and fees.

iFOREX vs Fortrade Comparison Table 2024
iFOREX Fortrade
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1.5
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3.8
iFOREX is ranked #92 among CFD brokers. Fortrade is ranked #71 among CFD brokers.
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iFOREX has closed or no longer accepts UK clients.
iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide 		Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.
Pros
  • Wide range of markets available including cryptos
  • Comprehensive educational resources and content
  • Strong regulation from FCA & CySEC
  • Choice of platforms including MT4
  • Unlimited time demo account
  • Online CFD trading APK
Cons
  • Wider than average spreads on some assets
  • Only one account type available
  • Slow withdrawals
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, BVI FCA, ASIC, CySEC, NBRB, FSC, CIRO
Mobile Apps
Yes iOS & Android
Trading App

The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.
iOS App Rating
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3.5
Android App Rating
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4.2
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Copper
  • Corn
  • Cotton
  • Palladium
  • Platinum
  • Sugar
  • Wheat
  • Natural Gas
CFD
iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform.
Leverage
1:30 1:30 (varies by entity)
FTSE Spread
2.4 2
GBPUSD Spread<
2.8 2
Oil Spread
5.4 pips 0.04
Stocks Spread
Variable Variable
Forex
iFOREX offers trading on approaching 100 currencies from around the world Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips.
Assets
90 60+
GBPUSD Spread
1.8 2
EURUSD Spread
1.8 2
EURGBP Spread
2.8 3
Cryptocurrency
iFOREX offers trading on popular cryptocurrency coins Fortrade offers CFD trading on the largest cryptos by market cap paired with USD. Crypto CFD availability depends on local regulations and they are not offered in jurisdictions including the UK due to restrictions.
Spread
Variable Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • XMR
  • DASH
  • BTC
  • DSH
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
iFOREX Fortrade
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