Compare ForexMart vs AvaTrade
What is ForexMart? What is AvaTrade?
ForexMart is an online broker that offers ECN trading on forex, cryptocurrencies, stocks, indices, metals, and commodities. It is regulated by the FCA in the UK and CySEC in Cyprus. It has been operating since 2015 and claims to provide high leverage, low spreads, and fast execution.
AvaTrade is an online broker that offers market maker trading on forex, cryptocurrencies, stocks, indices, ETFs, metals, energy, commodities, and options. It is regulated by multiple authorities in different jurisdictions, including FSCA in South Africa, ASIC in Australia, IIROC in Canada, FSC in Japan, FSA in Abu Dhabi, and CBI in Ireland. It has been operating since 2006 and claims to provide a world-class trading experience with advanced platforms, generous trading conditions, and educational resources.
ForexMart vs AvaTrade Regulation Comparison
Both brokers are regulated by reputable authorities in their respective regions. However, AvaTrade has more licenses than ForexMart and covers more jurisdictions. This means that AvaTrade can offer its services to more clients around the world and comply with stricter regulatory standards.
ForexMart is only regulated by the FCA and CySEC, which are both well-respected regulators in Europe but may not be sufficient for some traders who prefer more protection or access to other markets. AvaTrade is regulated by nine different regulators across six continents, which gives it a global presence and a high level of trustworthiness.
ForexMart vs AvaTrade Trading Assets Comparison
Both brokers offer a wide range of trading instruments and markets for their clients. However, AvaTrade has more variety and diversity than ForexMart in terms of the number and types of assets available.
ForexMart offers 100 forex pairs, 19 cryptocurrencies, 256 stocks, 13 indices, 3 metals, and 3 commodities for trading. AvaTrade offers 55 forex pairs, 14 cryptocurrencies, 612 stocks, 23 indices, 31 ETFs, 9 metals, 10 energy products, 7 commodities, 2 bonds, and options on various assets. This means that AvaTrade can cater to more trading preferences and strategies than ForexMart.
ForexMart vs AvaTrade Trading Fees Comparison
Both brokers charge competitive fees for their trading services. However, the exact fees may vary depending on the account type, trading platform, asset class, market conditions, and other factors. ForexMart does not charge any commissions on its trades but relies on spreads as its main source of revenue. The spreads are variable and depend on the liquidity and volatility of the market. The average spread for the EUR/USD pair is pips at ForexMart.
AvaTrade also does not charge any commissions on its trades but uses spreads as its main source of revenue. The spreads are fixed or floating depending on the account type and trading platform. The average spread for the EUR/USD pair is 0.6 pips at AvaTrade. This shows that AvaTrade has lower spreads than ForexMart for this currency pair.
ForexMart vs AvaTrade Account Types Comparison
Both brokers offer different account types for their clients to suit their trading needs and preferences. However, AvaTrade has more account options than ForexMart and provides more features and benefits for its clients. ForexMart offers two main account types: Standard Account and Zero Spread Account. The Standard Account has a minimum deposit of $1 and offers variable spreads starting from 0 pips. The Zero Spread Account has a minimum deposit of $1 and offers zero spreads but charges commissions starting from $2 per lot.
AvaTrade offers four main account types: Retail Account, Professional Account, Islamic Account (swap-free), and MAM (Multi-Account Manager) Account. The Retail Account has a minimum deposit of $100 and offers fixed or floating spreads depending on the platform. The Professional Account has a minimum deposit of $1000 and offers higher leverage (up to 1:400), lower spreads (starting from 0 pips), hedging and scalping capabilities. The Islamic Account has a minimum deposit of $1000 and offers swap-free trading for Muslim traders who follow Shariah law. The MAM Account has a minimum deposit of $1000 and allows money managers to manage multiple accounts with different strategies.
ForexMart vs AvaTrade Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients to fund their accounts and withdraw their profits. However, AvaTrade has more payment methods than ForexMart and supports more currencies for its transactions. ForexMart accepts deposits and withdrawals via bank transfer, credit card (Visa or Mastercard), debit card (Maestro), Perfect Money, PayCo, and cryptocurrencies (Bitcoin, Ethereum, or Tether). The base currencies for the accounts are EUR or USD. The deposits are usually processed within 24 hours and the withdrawals are usually processed within 48 hours.
ForexMart does not charge any fees for deposits but charges fees for withdrawals depending on the method. AvaTrade accepts deposits and withdrawals via bank transfer, credit card (Visa or Mastercard), debit card (Visa or Mastercard), Skrill, Neteller, PayPal, Union Pay, WebMoney, and POLi. The base currencies for the accounts are AUD, EUR, GBP, or USD. The deposits are usually processed instantly and the withdrawals are usually processed within 1-2 business days. AvaTrade does not charge any fees for deposits or withdrawals.
ForexMart vs AvaTrade Trading Platforms Comparison
Both brokers offer various trading platforms for their clients to access the markets and execute their trades. However, AvaTrade has more platform options than ForexMart and provides more advanced and user-friendly features and tools for its clients. ForexMart only supports MetaTrader 4 as its main trading platform. MetaTrader 4 is a popular and widely used platform that offers a range of features such as charting, technical analysis, indicators, expert advisors, automated trading, and mobile trading. ForexMart also offers a web-based version of MetaTrader 4 that does not require any download or installation.
AvaTrade supports MetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGO app, and AvaOptions as its main trading platforms. MetaTrader 4 and MetaTrader 5 are similar to ForexMart’s platform but offer more instruments and markets to trade. WebTrader is a web-based platform that does not require any download or installation and offers a sleek and easy-to-use interface. AvaTradeGO app is a mobile platform that allows traders to trade on the go with a range of features such as market trends, social trading, risk management, and alerts. AvaOptions is a platform that allows traders to trade options on various assets with different strategies.
ForexMart vs AvaTrade Analytical Tools Comparison
Both brokers offer various analytical tools for their clients to enhance their trading performance and decision making. However, AvaTrade has more analytical tools than ForexMart and provides more comprehensive and reliable information and insights for its clients. ForexMart offers some basic analytical tools such as economic calendar, market news, forex calculator, VPS service, and forex glossary. These tools help traders to stay updated on the market events, calculate their trading costs and risks, access their accounts remotely, and learn the forex terminology.
AvaTrade offers more advanced analytical tools such as economic calendar, market news, market analysis, trading signals (MQL5), social trading (ZuluTrade and DupliTrade), risk management (AvaProtect), educational resources (Sharp Trader), and forex glossary. These tools help traders to stay updated on the market events, get expert opinions and insights, copy the trades of successful traders, protect their trades from losses, learn new skills and strategies, and master the forex terminology.
ForexMart vs AvaTrade. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal trading goals, preferences, and style. However, here are some possible criteria you can use to make your decision:
- Regulation: If you value the safety and security of your funds and personal information, you may prefer a broker that is regulated by multiple authorities in different jurisdictions. In this case, AvaTrade has an advantage over ForexMart as it has more licenses and covers more regions than ForexMart.
- Trading Assets: If you want to diversify your portfolio and trade on a variety of instruments and markets, you may prefer a broker that offers more options and choices for your trading. In this case, AvaTrade has an advantage over ForexMart as it has more types and numbers of assets available than ForexMart.
- Trading Fees: If you want to minimize your trading costs and maximize your profits, you may prefer a broker that charges lower fees for your trading. In this case, you need to compare the spreads and commissions of both brokers for the assets you want to trade. Generally, AvaTrade has lower spreads than ForexMart for most currency pairs, but ForexMart does not charge any commissions for its zero spread account.
- Account Types: If you want to customize your trading experience and enjoy different features and benefits, you may prefer a broker that offers more account options for your trading. In this case, AvaTrade has an advantage over ForexMart as it has more account types than ForexMart and provides more features such as higher leverage, swap-free trading, and multi-account management.
- Deposit and Withdrawal Options: If you want to fund your account and withdraw your profits easily and conveniently, you may prefer a broker that offers more payment methods and supports more currencies for your transactions. In this case, AvaTrade has an advantage over ForexMart as it has more payment methods than ForexMart and supports more base currencies for the accounts.
- Trading Platforms: If you want to access the markets and execute your trades smoothly and efficiently, you may prefer a broker that offers more platform options and provides more advanced and user-friendly features and tools for your trading. In this case, AvaTrade has an advantage over ForexMart as it has more platform options than ForexMart and provides more features such as fixed or floating spreads, options trading, market trends, social trading, risk management, and alerts.
- Analytical Tools: If you want to enhance your trading performance and decision making, you may prefer a broker that offers more analytical tools and provides more comprehensive and reliable information and insights for your trading. In this case, AvaTrade has an advantage over ForexMart as it has more analytical tools than ForexMart and provides more information such as market news, market analysis, trading signals, social trading, risk management, educational resources, and forex glossary.
As you can see, there are many factors to consider when choosing a forex broker. You need to weigh the pros and cons of each broker according to your own criteria and preferences. You can also read some reviews from other traders who have used both brokers to get their opinions and feedback . Ultimately, the best forex broker for you is the one that meets your trading needs and expectations.
