Orbex vs Fortrade

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

Orbex vs Fortrade Comparison Table 2024
Orbex Fortrade
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2.4
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3.8
Orbex is ranked #92 among CFD brokers. Fortrade is ranked #71 among CFD brokers.
Review
Review
Founded in 2011, Orbex is an award-winning offshore forex and CFD broker, licensed in Mauritius and the Seychelles. This NDD broker aims to provide clients with transparency, security and market-leading technology. With low trading costs, PAMM accounts and vast education resources, this broker is a popular choice among beginners and expert traders. 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
  • Access additional trading tools to help you make informed decisions, including integrated Trading Central analysis and a free VPS
  • Excellent monthly webinars aimed at various experience levels plus comprehensive educational hub
  • 24/5 multilingual customer support via telephone, email and live chat
  • Instant deposits and withdrawals via the secure Orbex wallet, with no fees
  • Orbex prepaid card and mobile app allows you to fund, trade and transfer directly from your wallet
  • Member of the Investor Compensation Fund to compensate clients if the broker fails to meet its obligations
  • 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
  • Prepaid card only available to clients in the Gulf Region and Palestine
  • No copy trading solution
  • No top-tier regulation
  • Wider than average spreads on some assets
  • Only one account type available
  • Slow withdrawals
Awards
  • Best FX Broker Europe 2020 - Global Banking & Finance Review
  • Best FX Broker Mena 2020 - Global Banking & Financing Review
  • Best Forex Broker 2019 - Global Banking & Finance Review
  • Best Trading Education Provider 2018
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, indices, commodities, futures Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
Yes Yes
Minimum Deposit
$200 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, BaFin, FSC (Mauritius) 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
Yes 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
Yes Yes
STP Account
No No
ECN Account
Yes 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 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
  • Silver
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Copper
  • Corn
  • Cotton
  • Palladium
  • Platinum
  • Sugar
  • Wheat
  • Natural Gas
CFD
Go long or short on CFDs across key asset classes. Traders can choose between the powerful MT4 or MT5 platforms and conduct comprehensive analysis using the pre-included charting tools and Expert Advisors. 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
1:500 1:30 (varies by entity)
FTSE Spread
1.5 2
GBPUSD Spread<
From 0 2
Oil Spread
1.8 0.04
Stocks Spread
Variable Variable
Forex
Orbex offers 44 currency pairs with minimum spreads from 1.5 pips in the standard account, which is not as competitive as other brands. On the plus side, some traders will be pleased to see high leverage up to 1:500. 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
44 60+
GBPUSD Spread
From 0 2
EURUSD Spread
From 0 2
EURGBP Spread
From 0.5 3
Orbex Fortrade
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