Compare ForexMart vs FXGiants
What is ForexMart? What is FXGiants?
ForexMart is an online broker that offers trading in forex, cryptocurrencies, metals, and shares. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. It claims to provide competitive trading conditions, low spreads, fast execution, and various client programs.
FXGiants is an online broker that offers trading in forex, metals, indices, commodities, futures, and shares. It is regulated by the FCA in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. It claims to provide powerful trading tools, innovative solutions, and excellent support.
ForexMart vs FXGiants Regulation Comparison
Both brokers are regulated by the FCA in the UK, which means they have to comply with strict rules regarding client funds protection, financial reporting, and fair trading practices. The FCA also offers a compensation scheme of up to £85,000 per eligible client in case of broker insolvency.
ForexMart is also regulated by the CySEC in Cyprus, which means it has to follow the rules of the European Securities and Markets Authority (ESMA), such as negative balance protection, leverage limits, and risk warnings. The CySEC also offers a compensation scheme of up to €20,000 per eligible client in case of broker default.
FXGiants is also regulated by the ASIC in Australia, which means it has to adhere to the standards of the Australian financial system, such as capital adequacy, segregation of client funds, and dispute resolution. The ASIC does not offer a compensation scheme for clients of regulated brokers.
ForexMart vs FXGiants Trading Assets Comparison
ForexMart and FXGiants offer a wide range of trading assets for their clients, but FXGiants has more variety and diversity than ForexMart. ForexMart offers over 100 trading instruments, including 50+ currency pairs, 4 cryptocurrencies, 2 metals, and 50+ CFDs on indices, commodities, and shares.
FXGiants offers over 200 trading instruments, including 80+ currency pairs, 5 cryptocurrencies, 6 metals, and 120+ CFDs on indices, commodities, futures, and shares.
ForexMart vs FXGiants Trading Fees Comparison
ForexMart and FXGiants have different fee structures and trading conditions for their clients. ForexMart offers low to zero spreads, no commission fees, no deposit fees, swap-free accounts, negative balance protection, and leverage up to 1:3000.
FXGiants offers low to zero spreads, variable commission rates depending on the account type, no deposit fees, swap-free accounts, negative balance protection, and leverage up to 1:1000.
ForexMart vs FXGiants Account Types Comparison
ForexMart and FXGiants have different account types for their clients to choose from according to their trading needs and preferences. ForexMart offers three account types: Classic Account with fixed spreads from 2 pips and no commission; Pro Account with variable spreads from 1.3 pips and no commission; Cents Account with fixed spreads from 2 pips and no commission for micro lots.
FXGiants offers six account types: Live Floating Spread Account with variable spreads from 1 pips and no commission; Live Fixed Spread Account with fixed spreads from 1.2 pips and no commission; Live Zero Fixed Spread Account with fixed spreads from 0 pips and $9 per lot per side commission; STP/ECN No Commission Account with variable spreads from 0.7 pips and no commission; STP/ECN Zero Spread Account with fixed spreads from 0 pips and $6 per lot per side commission; STP/ECN Absolute Zero Account with variable spreads from -0.3 pips and $3 per lot per side commission.
ForexMart vs FXGiants Deposit Options Comparison
ForexMart and FXGiants have similar deposit and withdrawal options for their clients, but they may differ in terms of processing time, minimum amount, and fees. Both brokers accept various payment methods such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller), local payment systems (PayCo), cryptocurrencies (Bitcoin), and others. Both brokers do not charge any fees for deposits or withdrawals, but they may incur fees from third-party providers or banks. ForexMart processes deposits instantly or within one business day, depending on the payment method.
FXGiants processes deposits within one business day or longer, depending on the payment method. ForexMart processes withdrawals within one business day or longer, depending on the payment method. FXGiants processes withdrawals within two business days or longer, depending on the payment method. ForexMart has a minimum deposit amount of $15 for all payment methods except bank wire transfers which have no minimum amount.
FXGiants has a minimum deposit amount of $100 for all payment methods except bank wire transfers which have no minimum amount. ForexMart has a minimum withdrawal amount of $5 for all payment methods except bank wire transfers which have a minimum amount of $50. FXGiants has a minimum withdrawal amount of $50 for all payment methods except bank wire transfers which have a minimum amount of $100.
ForexMart vs FXGiants Trading Platforms Comparison
ForexMart and FXGiants have different trading platforms for their clients to access the markets and execute their trades. ForexMart offers the MetaTrader 4 (MT4) platform, which is the most popular and widely used platform in the forex industry. MT4 is available as a desktop application, a web-based version, and a mobile application for iOS and Android devices.
FXGiants also offers the MT4 platform, but in addition, it offers the FXGiants Web Trader App and the FXGiants Mobile Trading App, which are proprietary platforms developed by the broker. The FXGiants Web Trader App is a web-based platform that can be accessed from any browser without downloading or installing any software. The FXGiants Mobile Trading App is a mobile application for iOS and Android devices that allows clients to trade on the go.
ForexMart vs FXGiants Analytical Tools Comparison
ForexMart and FXGiants have different analytical tools for their clients to use for market analysis and trading decisions. ForexMart offers various technical indicators, charting tools, and expert advisors on the MT4 platform, as well as economic news, market analysis, and trading signals on its website.
FXGiants offers various technical indicators, charting tools, and expert advisors on the MT4 platform, as well as economic news, market analysis, trading signals, economic calendar, market sentiment, and AutoTrade on its website. AutoTrade is a social trading service that allows clients to copy the trades of successful traders automatically.
ForexMart vs FXGiants. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on many factors, such as your trading style, goals, preferences and risk appetite. There is no definitive answer as to which broker is better, as different brokers may suit different traders better. However, you can consider some general suggestions on how to choose between ForexMart and FXGiants.
- First of all, you should consider the regulation and reputation of the brokers. Both ForexMart and FXGiants are regulated by reputable authorities, but they have different jurisdictions and scopes of regulation. ForexMart is authorized to provide investment services within the European Economic Area (EEA) and some other countries. FXGiants is authorized to provide investment services within Bermuda and some other countries. Both brokers are also members of the Investor Compensation Fund (ICF), which protects eligible clients in case of broker insolvency . You should check if the brokers are regulated in your country or region, and if they have a good reputation among other traders and reviewers.
- Secondly, you should compare the trading assets and conditions of the brokers. Both ForexMart and FXGiants offer a wide range of trading assets for their clients, but FXGiants has more variety and diversity than ForexMart. ForexMart offers over 100 trading instruments, including 50+ currency pairs, 4 cryptocurrencies, 2 metals, and 50+ CFDs on indices, commodities, and shares. FXGiants offers over 200 trading instruments, including 80+ currency pairs, 5 cryptocurrencies, 6 metals, and 120+ CFDs on indices, commodities, futures, and shares. You should choose the broker that offers the assets that you are interested in trading or diversifying your portfolio.
- Thirdly, you should compare the trading fees and costs of the brokers. Both ForexMart and FXGiants offer low to zero spreads, no commission fees, no deposit fees, swap-free accounts, negative balance protection, and leverage up to 1:3000 or 1:1000, depending on the account type. However, they may differ in terms of minimum deposit amount, minimum withdrawal amount, processing time, and fees from third-party providers or banks. You should choose the broker that offers the most competitive and transparent fees and costs for your trading budget and frequency.
- Fourthly, you should compare the account types and features of the brokers. Both ForexMart and FXGiants offer different account types for their clients to choose from according to their trading needs and preferences. ForexMart offers three account types: Classic Account with fixed spreads from 2 pips and no commission; Pro Account with variable spreads from 1.3 pips and no commission; Cents Account with fixed spreads from 2 pips and no commission for micro lots. FXGiants offers six account types: Live Floating Spread Account with variable spreads from 1 pips and no commission; Live Fixed Spread Account with fixed spreads from 1.2 pips and no commission; Live Zero Fixed Spread Account with fixed spreads from 0 pips and $9 per lot per side commission; STP/ECN No Commission Account with variable spreads from 0.7 pips and no commission; STP/ECN Zero Spread Account with fixed spreads from 0 pips and $6 per lot per side commission; STP/ECN Absolute Zero Account with variable spreads from -0.3 pips and $3 per lot per side commission. You should choose the account type that matches your trading strategy, risk tolerance, and expected returns.
- Fifthly, you should compare the trading platforms and tools of the brokers. Both ForexMart and FXGiants offer the MetaTrader 4 (MT4) platform, which is the most popular and widely used platform in the forex industry. MT4 is available as a desktop application, a web-based version, and a mobile application for iOS and Android devices . However, FXGiants also offers the FXGiants Web Trader App and the FXGiants Mobile Trading App, which are proprietary platforms developed by the broker. The FXGiants Web Trader App is a web-based platform that can be accessed from any browser without downloading or installing any software. The FXGiants Mobile Trading App is a mobile application for iOS and Android devices that allows clients to trade on the go. You should choose the broker that offers the platform that suits your trading preferences, convenience, and accessibility.
- Lastly, you should compare the analytical tools and resources of the brokers. Both ForexMart and FXGiants offer various technical indicators, charting tools, expert advisors on the MT4 platform, as well as economic news, market analysis, trading signals on their websites . However, FXGiants also offers additional tools such as economic calendar, market sentiment, and AutoTrade on its website. AutoTrade is a social trading service that allows clients to copy the trades of successful traders automatically. You should choose the broker that offers the tools that help you to improve your market analysis and trading decisions.
