Fortrade is a well-regulated broker with oversight from authorities such as the FCA, CySEC, and ASIC. The firm offers trading on diverse instruments like stocks, bonds, commodities, forex, indices, cryptocurrencies, and ETFs. It provides competitive fees and supports both MetaTrader 4 and its own trading platform.
eToro is a leading multi-asset platform providing trading services across numerous CFDs, stocks, and cryptocurrencies. Since its 2007 inception, it has attracted millions of traders worldwide. It operates with authorisation from top regulators such as the FCA and CySEC. Its social trading feature is especially well-regarded. Crypto investments are high-risk and possibly unsuitable for retail investors. There's a potential to lose all invested capital. Familiarise yourself with the risks. 61% of retail CFD accounts incur losses.
61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Pros
In recent years, many brokers have given up their EU licences, depriving European traders of regulated access. Fortrade, however, retains its CySEC licence under MiFID II. This ensures German, French, and other EU traders have a compliant option with separated client funds and a clear complaints procedure.
In Fortrade's regulatory framework, no compensation scheme parallels the CIPF's CAD 1 million coverage for eligible Canadian clients. This stands as the top investor protection cap by any FCA/ASIC/CySEC-tier broker in Canada, yet it often goes unnoticed.
Few retail CFD brokers provide both bond CFDs on 5Y, 10Y, and 30Y US Treasuries and soft commodity exposure within a single account. This concurrent offering is rare for traders seeking macro hedging tools or soft commodity access without a specialised platform.
The trading app provides a top-tier social environment featuring an engaging feed and community chat, which we enjoy using.
The entry requirements for eToro Club have been reduced. For $4.99 monthly, members enjoy 18 benefits, including a debit card that converts purchases into stocks with a 4% share return.
In 2025, eToro altered its fee structure by separating crypto trading fees from the spread. A distinct commission is now listed separately, providing traders with increased transparency while maintaining consistent overall costs.
eToro now offers accounts in EUR and GBP, with recent additions of BTC and ETH payment options. This reduces conversion costs and delivers a tailored trading experience.
In 2025, eToro enhanced its trading experience by incorporating insights from over 10 million Stocktwits users, enabling better assessment of market sentiment.
The broker offers excellent services for beginners, featuring commission-free stock trading, a low minimum deposit, and an unlimited demo account.
eToro has launched automated crypto staking, offering a pathway to passive income. However, Ethereum requires users to opt in.
Utilising TradingView, the charts provide robust tools for technical analysis, featuring nine chart types and more than 100 indicators.
eToro secured second place in DayTrading.com's 'Best Crypto Broker' for 2025, offering a vast selection of tokens, dependable service, and competitive fees.
There is an extensive online training academy offering a range of accessible resources, from concise articles to detailed courses.
eToro has enhanced its investment portfolio by frequently introducing new crypto assets. It currently offers a selection of over 100 digital currencies.
The web platform and mobile app receive higher user reviews and app rankings compared to leading competitors like AvaTrade.
Leading traders participating in the broker's Popular Investor Programme can earn yearly compensation of up to 1.5% of the copied assets.
Diverse investment portfolios are accessible, encompassing traditional markets, technology, cryptocurrency, and beyond for traders.
Cons
Fortrade operates as a market maker, offering no Raw or ECN options. All clients, irrespective of deposit or experience, encounter identical internal pricing during NFP, FOMC, and BOE announcements. As liquidity decreases and slippage increases, the EUR/USD spread of 2 to 2.5 pips results in significantly higher entry costs during news releases than suggested by the headline model.
Mauritius-based international clients can access 1:200 leverage on major FX pairs—six times the FCA limit for retail traders. There is no compensation scheme, fewer conduct rules, and no Financial Ombudsman equivalent. This mix of high leverage and limited safeguards is Fortrade's main structural risk.
Fortrade's platforms, Fortrader and MT4, provide fundamental tools but lag behind the fast-evolving retail CFD market. Fortrader is user-friendly but lacks depth and has stability problems under stress. MT4 offers solid functionality but is outdated. The absence of MT5, TradingView, cTrader, copy trading, and PAMM individually may be manageable, but collectively they limit traders whose needs expand past the beginner level.
The absence of extra charting platforms such as MT4 may deter experienced traders who rely on external software.
There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders.
The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out.
The only significant contact option, besides the in-platform live chat, is limited.
Awards
Best Crypto Broker Runner Up 2025 - DayTrading.com
Best Cryptocurrency Trading Platform 2022 - Finder
The Fortrader mobile app allows trading of over 60 currency pairs. Users can view daily market insights and handle deposits and withdrawals through the app. Available on the Apple App Store and Google Play.
eToro offers a mobile social trading platform, allowing users to replicate trades, manage accounts, and invest using Android or iOS. Trade major forex pairs conveniently from your mobile device.
iOS App Rating
3.5
4
Android App Rating
4.2
3.8
Margin Trading
Yes
Yes
Margin Rate
6.40%
MetaTrader 4
Yes
No
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
Yes
ECN Account
Yes
No
DMA Account
No
No
MAM Account
Yes
No
PAMM Account
Yes
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
Yes
Robo Advisor
No
No
Negative Balance Protection
Yes
Yes
Market Maker
No
Yes
P2P Trading
No
No
Spot Trading
No
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
No
Yes
Copy Trading Platform
eToro consistently provides an outstanding proprietary trading platform for clients, free of charge. The web-based system is both intuitive and engaging, complemented by a community chat that appeals to novice traders. The recent 'Live Trades' feature grants immediate access to real-time insights on securities purchased by top investors on the platform.
Social Trading
No
Yes
Trade Signals
Yes
Yes
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
Yes
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$10
$10
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
CAD
AUD
USD
EUR
GBP
Commodities
Gold
Silver
Oil
Gasoline
Copper
Corn
Cotton
Palladium
Platinum
Sugar
Wheat
Natural Gas
Gold
Silver
Oil
Copper
Cotton
Coffee
Livestock
Wheat
Precious Metals
Platinum
Gasoline
Cocoa
Sugar
Palladium
Corn
Aluminium
Soybeans
Nickel
Lead
Iron
Lithium
Cannabis
Natural Gas
Orange Juice
Zinc
Cattle
Lean Hogs
CFD
Fortrade offers a diverse selection of leveraged CFDs across various asset classes such as forex, stocks, bonds, indices, commodities, and cryptocurrencies. Traders benefit from leverage up to 1:30, zero commission, fast execution, and low latency, whether using MetaTrader 4 or Fortrade’s bespoke platform.
Trade CFDs across more than 3,000 assets with access to detailed market data through integrated TradingView charts. The eToro Academy provides extensive free learning resources for beginners, featuring specific courses and guides on CFD trading. In 2025, eToro enhanced flexibility for UK clients by enabling direct CFD trading on US assets with GBP.
Leverage
1:30 (varies by entity)
1:30
FTSE Spread
2
1.5
GBPUSD Spread<
2
1.9
Oil Spread
0.04
0.05
Stocks Spread
Variable
0.57 (Apple)
Forex
Fortrade provides over 60 currency pairs, featuring a solid range of major, minor, and exotic options. Traders can use MT4 or Fortrade's proprietary, low-latency platform. The USD/GBP spread typically averages a competitive 2 pips.
A broad range of 55 currencies is offered, with competitive spreads averaging 0.9 pips on EUR/USD during peak trading hours. Traders can refine their forex strategies by seamlessly transitioning between demo and live accounts, retaining full access to over 100 technical indicators provided by the broker.
61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.