Videforex vs Fortrade

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

Videforex vs Fortrade Comparison Table 2024
Videforex Fortrade
rating empty
rating full
3.4
rating empty
rating full
3.8
Videforex is ranked #6 among binary options brokers. Fortrade is ranked #70 among CFD brokers.
Review
Review
Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills. 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
  • Videforex allows you to enter positions with just ¢0.01
  • You can easily mirror the trades of experienced investors with low fees
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
  • The firm facilitates both trading and binary options which is great for those looking to diversify their portfolios
  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
  • The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
  • 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
  • No MetaTrader 4 integration
  • The broker isn’t overseen by a trusted regulatory agency
  • US clients aren’t accepted due to legal restrictions
  • Wider than average spreads on some assets
  • Only one account type available
  • Slow withdrawals
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Bonus
20% to 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$250 $100
Payment Methods
Minimum Trade
$0.01 0.01 Lots
Regulator
FCA, ASIC, CySEC, NBRB, FSC, CIRO
Mobile Apps
Android iOS & Android
Trading App

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.

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
rating empty
rating full
4.1
rating empty
rating full
3.5
Android App Rating
rating empty
rating full
4.4
rating empty
rating full
4.2
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes 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
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$10 $10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Oil
  • Copper
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Copper
  • Corn
  • Cotton
  • Palladium
  • Platinum
  • Sugar
  • Wheat
  • Natural Gas
CFD
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades. 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
Floating from 0.2 2
GBPUSD Spread<
Floating from 0.1 2
Oil Spread
Floating from 0.05 0.04
Stocks Spread
NA Variable
Forex
Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout. 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
35 60+
GBPUSD Spread
Floating from 0.1 pips 2
EURUSD Spread
Floating from 0.1 pips 2
EURGBP Spread
Floating from 0.1 pips 3
Cryptocurrency
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available. 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
Floating Variable
Coins
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
  • BTC
  • DSH
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Payout
98%
Expiration Times
5 seconds - 1 month
Boundary Options
No No
Ladder Options
No No
Videforex Fortrade
Review
Review
More Comparisons
Videforex
vs

 Fortrade
vs