Compare Admiral Markets vs ForexMart
What is Admiral Markets? What is ForexMart?
Admiral Markets is a trading platform for forex, contracts for difference (CFDs) and foreign exchange transactions across various financial markets. Established in 2001 by Alexander Tsikhilov, it is listed on the Nasdaq Nordic stock exchange. It offers trading and investing in more than 8,000 instruments, including forex pairs, CFDs on indices, commodities, cryptocurrencies, shares, ETFs, and bonds.
ForexMart is an online forex broker that offers trading in forex, CFDs on metals, crypto and stocks. It was founded in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). It provides trading in more than 100 instruments, with leverage up to 1:3000, zero spreads, no deposit fees and swap-free accounts.
Admiral Markets vs ForexMart Regulation Comparison
Both brokers are regulated by reputable authorities in their jurisdictions. Admiral Markets is licensed by the Financial Conduct Authority (FCA) in the UK, the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) only.
| Broker | Regulator | License Number |
|---|---|---|
| Admiral Markets | FCA | 595450 |
| EFSA | 4.1-1/46 | |
| CySEC | 201/13 | |
| ASIC | 410681 | |
| ForexMart | CySEC | 266/15 |
Admiral Markets vs ForexMart Trading Assets Comparison
Admiral Markets offers a wider range of trading assets than ForexMart. Admiral Markets has more than 8,000 instruments across various markets, while ForexMart has more than 100 instruments mainly in forex and CFDs.
| Broker | Forex Pairs | Indices CFDs | Commodities CFDs | Stocks CFDs | ETFs CFDs | Bonds CFDs | Cryptocurrencies CFDs |
|---|---|---|---|---|---|---|---|
| Admiral Markets | 80+ | 43+ | 25+ | 3000+ | 370+ | 2+ | 32+ |
| ForexMart | 100+ | – | – | – | – | – | – |
Admiral Markets vs ForexMart Trading Fees Comparison
Both brokers charge competitive fees for trading, but they differ in their pricing models. Admiral Markets offers variable spreads starting from 0.6 pips for forex pairs and commission-free trading for most CFDs. ForexMart offers zero spreads for all instruments and charges commissions based on the account type.
| Broker | Spreads | Commissions |
|---|---|---|
| Admiral Markets | Variable from 0.6 pips for forex pairs) No commissions for most CFDs) Commissions for stocks and ETFs vary by market) | No commissions for most CFDs) Commissions for stocks and ETFs vary by market) |
| ForexMart | Zero for all instruments | Commissions vary by account type: Classic – $2 per lot; Pro – $1.5 per lot; Cent – $0.02 per lot) |
Admiral Markets vs ForexMart Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. Admiral Markets has three main account types: Trade.MT4, Trade.MT5 and Invest.MT5). Trade.MT4 and Trade.MT5 are designed for trading forex and CFDs with MetaTrader 4 or MetaTrader 5 platforms respectively. Invest.MT5 is designed for investing in stocks and ETFs with MetaTrader 5 platform. All accounts have a minimum deposit of 100 EUR and offer leverage up to 1:500 for forex and 1:10 for stocks).
ForexMart has four main account types: Classic, Pro, Cent and Zero Spread). Classic and Pro are designed for trading forex and CFDs with MetaTrader 4 platform. Cent is designed for beginners who want to trade with micro lots and low risk. Zero Spread is designed for traders who want to trade with zero spreads and pay commissions instead. All accounts have a minimum deposit of 1 USD and offer leverage up to 1:3000 for forex and 1:20 for CFDs).
Admiral Markets vs ForexMart Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients. Admiral Markets accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill, Neteller, Klarna, iDEAL, Przelewy24, SafetyPay and Trustly.
ForexMart accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi Wallet and MegaTransfer.
Admiral Markets vs ForexMart Trading Platforms Comparison
Both brokers offer MetaTrader as their main trading platform. Admiral Markets supports both MetaTrader 4 and MetaTrader 5 platforms on Windows and Mac devices. It also offers a web trader platform that can be accessed from any browser without downloading or installing any software. Additionally, it provides a mobile app that can be downloaded from app stores on iOS and Android devices.
ForexMart supports only MetaTrader 4 platform on Windows devices. It also offers a web trader platform that can be accessed from any browser without downloading or installing any software. However, it does not have a mobile app.
Admiral Markets vs ForexMart Analytical Tools Comparison
Both brokers offer various analytical tools to help their clients make informed trading decisions.
Admiral Markets provides free real-time charts, market news and research on its website and platforms. It also offers premium tools such as Trading Central (a technical analysis provider), Autochartist (a pattern recognition tool) and Acuity (a sentiment analysis tool) for a fee or with certain account types.
ForexMart provides free economic news and technical analysis reviews on its website. It also offers free tools such as economic calendar (a schedule of important market events), VPS (a virtual private server) and Forex calculator (a tool to calculate various trading parameters) on its website.
Admiral Markets vs ForexMart. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, there are a few factors you can consider:
- Admiral Markets has a longer history, broader global presence and tighter regulation than ForexMart.
- Admiral Markets offers a larger and more diverse range of trading assets than ForexMart.
- Admiral Markets offers variable spreads and no commissions on most CFDs, while ForexMart offers no spreads and commissions based on account type.
- Admiral Markets has three account types with different platforms, while ForexMart has four account types with the same platform.
- Admiral Markets supports both MetaTrader 4 and MetaTrader 5 platforms on various devices, while ForexMart only supports the MetaTrader 4 platform on Windows devices.
- Admiral Markets offers free and premium analytical tools, while ForexMart only offers free tools.
Finally, You can try the demo accounts of both brokers to test their platforms, services and features before making a decision. You can also read some of the online user reviews and ratings about both brokers to better understand the reputation and customer satisfaction.
