Compare ForexMart vs Forexee
What is ForexMart? What is Forexee?
ForexMart is an online forex broker that offers ECN trading on the MetaTrader 4 platform, with low spreads, high leverage, and various payment methods. ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.
Forexee is an online forex broker that offers ECN/STP/DMA trading on the MetaTrader 4 platform, with tight spreads, flexible leverage, and a wide range of trading instruments. Forexee is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
ForexMart vs Forexee Regulation Comparison
Both brokers are regulated by reputable authorities, but ForexMart has an advantage over Forexee in terms of regulatory oversight. ForexMart is licensed by two regulators in Europe: CySEC and FCA, which means it has to comply with strict rules regarding client protection, segregation of funds, and financial reporting. Forexee, on the other hand, is only licensed by the FSA of Saint Vincent and the Grenadines, which is a less stringent regulator that does not offer much protection to traders.
ForexMart vs Forexee Trading Assets Comparison
Both brokers offer a variety of trading instruments, including currency pairs, metals, commodities, indices, and cryptocurrencies. However, Forexee has a much larger selection of assets than ForexMart, with over 10,000 instruments available for trading. ForexMart only offers around 300 instruments, mainly focusing on forex and metals.
ForexMart vs Forexee Trading Fees Comparison
Both brokers charge competitive fees for trading, but there are some differences in their pricing structures. ForexMart offers two types of accounts: Standard and Zero Spread. The Standard account has no commission but higher spreads, while the Zero Spread account has lower spreads but a commission of $2 per lot per side.
Forexee offers four types of accounts: STP, Basic ECN, Advanced ECN, and Premium ECN. The STP account has no commission but higher spreads, while the ECN accounts have lower spreads but a commission ranging from $1.5 to $5 per lot per side depending on the account type.
ForexMart vs Forexee Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. ForexMart offers two account types: Standard and Zero Spread. The minimum deposit for both accounts is $1, and the maximum leverage is 1:500.
Forexee offers four account types: STP, Basic ECN, Advanced ECN, and Premium ECN. The minimum deposit for the STP account is $50, while the minimum deposit for the ECN accounts ranges from $200 to $1000 depending on the account type. The maximum leverage for all accounts is 1:500.
ForexMart vs Forexee Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, including bank transfer, credit/debit cards, e-wallets, and cryptocurrencies. However, there are some differences in their payment policies and fees.
ForexMart does not charge any deposit or withdrawal fees for most payment methods, except for bank transfer which may incur some charges from the banks involved. Forexee charges a deposit fee of 2% for credit/debit cards and some e-wallets, as well as a withdrawal fee of 1% for most payment methods.
ForexMart vs Forexee Trading Platforms Comparison
Both brokers use the MetaTrader 4 platform as their main trading platform, which is one of the most popular and reliable platforms in the industry. The MT4 platform offers advanced charting tools, technical indicators, automated trading systems, and a user-friendly interface. Both brokers also offer mobile and web versions of the MT4 platform for convenient access from any device .
ForexMart vs Forexee Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them make informed trading decisions. These include market news, economic calendar, trading signals, technical analysis reviews, and more.
However, Forexee has an edge over ForexMart in terms of analytical tools, as it offers more features such as level 2 market depth data, slippage control option, PAMM service for investors and managers, and social trading via Myfxbook Autotrade.
ForexMart vs Forexee. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals and risk appetite. There is no definitive answer as to which broker is better, as each broker has its own advantages and disadvantages. However, here are some general guidelines to help you compare ForexMart and Forexee.
- If you are looking for a broker that has more regulatory oversight and client protection, you may prefer ForexMart, as it is licensed by two reputable regulators in Europe: CySEC and FCA. Forexee, on the other hand, is only licensed by the FSA of Saint Vincent and the Grenadines, which is a less stringent regulator that does not offer much protection to traders.
- If you are looking for a broker that has more trading instruments and options, you may prefer Forexee, as it offers over 10,000 instruments for trading, including currency pairs, metals, commodities, indices, and cryptocurrencies. ForexMart only offers around 300 instruments, mainly focusing on forex and metals.
- If you are looking for a broker that has lower trading fees and commissions, you may prefer ForexMart or Forexee depending on your account type and trading style. ForexMart offers two account types: Standard and Zero Spread. The Standard account has no commission but higher spreads, while the Zero Spread account has lower spreads but a commission of $2 per lot per side. Forexee offers four account types: STP, Basic ECN, Advanced ECN, and Premium ECN. The STP account has no commission but higher spreads, while the ECN accounts have lower spreads but a commission ranging from $1.5 to $5 per lot per side depending on the account type.
- If you are looking for a broker that has more deposit and withdrawal options and lower fees, you may prefer ForexMart, as it does not charge any deposit or withdrawal fees for most payment methods, except for bank transfer which may incur some charges from the banks involved. Forexee charges a deposit fee of 2% for credit/debit cards and some e-wallets, as well as a withdrawal fee of 1% for most payment methods.
- If you are looking for a broker that has more analytical tools and features, you may prefer Forexee, as it offers more features such as level 2 market depth data, slippage control option, PAMM service for investors and managers, and social trading via Myfxbook Autotrade. ForexMart does not offer these features.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their platforms, services, and trading conditions before making a final decision.
