Forex Broker Comparison
Detailed side-by-side analysis
Quick Summary
Best for Beginners
switchmarkets
$40.00Tightest Spreads
Fortrade
Average spread for EUR/USD is around 2 pips pipsHighest Leverage
Fortrade
1:up to 1:200Best Rated
switchmarkets
Mobile Trading
Both
✓✓General Information
Fortrade
Regulation
FCA (UK), ASIC (Australia), CySEC (Cyprus), IIROC (Canada), FSC (Mauritius)
Founded
N/A
Headquarters
United Kingdom
Overall Rating
switchmarkets
Regulation
ASIC (Australia)
Founded
N/A
Headquarters
Australia
Overall Rating
Trading Conditions
| Feature | Fortrade | switchmarkets |
|---|---|---|
| Minimum Deposit | $100.00 | $40.00 |
| Average Spreads | Average spread for EUR/USD is around 2 pips | From 0.0 pips (Pro/ECN); 0.6 pips average on Standard (EUR/USD). |
| Maximum Leverage | up to 1:200 | Up to 1:1000 |
| Commission | None | None |
Account Types
Fortrade
switchmarkets
Platforms & Tools
Fortrade
MetaTrader 4, WebTrader
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Not Available
Social Trading
Available
switchmarkets
MetaTrader 4, WebTrader
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Payments
Fortrade
Deposit Methods
Funds can be added using credit or debit cards (Visa, MasterCard), bank wire transfers, or e-wallets such as Skrill and Neteller. Deposits are usually processed instantly for cards and e-wallets, with the only minimum being the $100 required to open an account.
Withdrawal Methods
Withdrawals follow the same options, but cards are limited to the original deposit amount. Excess funds go via wire transfer or e-wallets. Processing takes 1-5 business days, and there are no fees from the broker.
Withdrawal Fee
None
switchmarkets
Deposit Methods
Bank Wire, Credit/Debit Cards (Visa/Mastercard), E-Wallets (Skrill, Neteller), Cryptocurrencies (Bitcoin, Ethereum), Local Methods (e.g., FPS for Asia). Instant processing for most; no deposit fees except crypto blockchain.
Withdrawal Methods
Same as deposits; processed 24–72 hours, with 0.5%–2% fees.
Withdrawal Fee
None
Support
Fortrade
Support Languages
The platform and support are available in over 15 languages, including English, German, Spanish, French, Italian, Arabic, Dutch, Polish, Portuguese, Russian, Croatian, Bosnian, Hungarian, and Macedonian.
Support Channels
Customer Support: Fortrade provides support 24 hours a day, 5 days a week through live chat (instant), email, and phone with multiple international lines.
Account Manager
Not Available
switchmarkets
Support Languages
English, Spanish, Arabic, Chinese, Malay, Indonesian (multilingual support).
Support Channels
24/5 live chat, email, WhatsApp; highly rated for responsiveness (4.7/5 on Trustpilot).
Account Manager
Available
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