Compare ForexMart vs Forex.com
What is ForexMart? What is Forex.com?
ForexMart is an online forex broker that offers trading in various currency pairs, metals, and cryptocurrencies. It also provides a copytrade system, leverage up to 1:3000, and zero spreads on some products.
Forex.com is an online forex broker that offers trading in over 500 markets, including forex, stocks, indices, commodities, and futures. It also provides access to the MetaTrader 5 platform, tight spreads, fast execution, and dedicated support.
ForexMart vs Forex.com Regulation Comparison
ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
Forex.com is regulated by the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), and the Monetary Authority of Singapore (MAS).
ForexMart vs Forex.com Trading Assets Comparison
ForexMart offers trading in more than 100 instruments, including 50+ currency pairs, 4 metals, and 10+ cryptocurrencies.
Forex.com offers trading in over 500 instruments, including 80+ currency pairs, 4 metals, 15+ indices, 300+ stocks, 4 commodities, and 10+ futures.
ForexMart vs Forex.com Trading Fees Comparison
ForexMart charges no deposit or withdrawal fees, no commissions on most products, and low spreads starting from 0 pips on some products. It also offers a swap-free option for Islamic accounts.
Forex.com charges no deposit or withdrawal fees, low commissions on some products starting from $7 USD per $100k USD traded, and tight spreads starting from 0 pips on some products. It also offers a rebate program for active traders.
ForexMart vs Forex.com Account Types Comparison
ForexMart offers three types of accounts: Classic, Pro, and Zero Spread. The minimum deposit is $1 USD for all accounts. The maximum leverage is 1:3000 for all accounts. The minimum lot size is 0.01 for all accounts.
Forex.com offers two types of accounts: Standard and RAW Pricing. The minimum deposit is $100 USD for both accounts. The maximum leverage is 1:50 for US clients and varies for other regions. The minimum lot size is 0.01 for both accounts.
ForexMart vs Forex.com Deposit Options Comparison
ForexMart supports various deposit and withdrawal options, including bank transfer, credit/debit card, Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi Wallet, MegaTransfer, FasaPay, UnionPay, Yandex Money, WebMoney, Perfect Money, Bitcoin, Litecoin, Ethereum.
Forex.com supports various deposit and withdrawal options, including bank transfer, credit/debit card, wire transfer.
ForexMart vs Forex.com Trading Platforms Comparison
ForexMart supports the MetaTrader 4 platform for web trading and mobile trading. It also provides a web trader that does not require any download or installation.
Forex.com supports the MetaTrader 5 platform for web trading and mobile trading. It also provides a web trading platform with TradingView charts and exclusive tools like Performance Analytics and SMART Signals.
ForexMart vs Forex.com Analytical Tools Comparison
ForexMart provides various analytical tools for traders, such as economic calendar, market news, technical analysis reviews by email.
Forex.com provides various analytical tools for traders, such as economic calendar, market news, research reports by experts.
ForexMart vs Forex.com. Which forex broker is better? Which forex broker should you choose?
ForexMart and Forex.com are both reputable and reliable forex brokers, but they have different advantages and disadvantages depending on your trading needs and preferences. Ultimately, the choice is yours, here are some factors to consider before deciding.
- Regulation: Forex.com is more regulated than ForexMart, as it has licenses from several major regulators in different regions, such as the US, the UK, Australia, Canada, and Singapore. This means that Forex.com has to comply with stricter rules and standards to protect its clients’ funds and interests. ForexMart is only regulated by CySEC and FSA, which are less reputable and stringent than the regulators that oversee Forex.com. Therefore, if you value security and trustworthiness, you may prefer Forex.com over ForexMart.
- Trading Assets: Forex.com offers more trading assets than ForexMart, as it covers over 500 markets, including forex, stocks, indices, commodities, and futures. ForexMart only offers trading in currency pairs, metals, and cryptocurrencies. Therefore, if you want to diversify your portfolio and access more trading opportunities, you may prefer Forex.com over ForexMart.
- Trading Fees: ForexMart has lower trading fees than Forex.com, as it charges no commissions on most products and offers zero spreads on some products. It also has a swap-free option for Islamic accounts. Forex.com charges commissions on some products and has tight spreads on some products. It also has a rebate program for active traders. Therefore, if you want to save on trading costs and enjoy more flexibility, you may prefer ForexMart over Forex.com.
- Account Types: ForexMart has simpler account types than Forex.com, as it offers three types of accounts: Classic, Pro, and Zero Spread. The minimum deposit is $1 USD for all accounts. The maximum leverage is 1:3000 for all accounts. The minimum lot size is 0.01 for all accounts. Forex.com offers two types of accounts: Standard and RAW Pricing. The minimum deposit is $100 USD for both accounts. The maximum leverage is 1:50 for US clients and varies for other regions. The minimum lot size is 0.01 for both accounts. Therefore, if you want to start trading with a low deposit and high leverage, you may prefer ForexMart over Forex.com.
- Deposit and Withdrawal Options: ForexMart supports more deposit and withdrawal options than Forex.com, as it accepts various payment methods, such as bank transfer, credit/debit card, Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi Wallet, MegaTransfer, FasaPay, UnionPay, Yandex Money, WebMoney, Perfect Money, Bitcoin, Litecoin, Ethereum. Forex.com only supports bank transfer, credit/debit card, wire transfer. Therefore, if you want to have more convenience and flexibility in funding your account and withdrawing your profits, you may prefer ForexMart over Forex.com.
- Trading Platforms: Both brokers support the MetaTrader platform for web trading and mobile trading. However, Forex.com also provides a web trading platform with TradingView charts and exclusive tools like Performance Analytics and SMART Signals. Therefore, if you want to have more advanced features and functionalities in your trading platform, you may prefer Forex.com over ForexMart.
- Analytical Tools: Both brokers provide various analytical tools for traders, such as economic calendar, market news, technical analysis reviews by email (ForexMart), research reports by experts (Forex.com). Therefore, if you want to have more access to market insights and analysis from professionals, you may prefer Forex.com over ForexMart.
As you can see, there is no clear-cut answer to which broker is better or which broker you should choose. It depends on your personal preferences and trading goals. You may want to try out both brokers with a demo account first before opening a live account with real money. You can also read more reviews and ratings from other traders online to get more feedback and opinions.
