Compare ForexMart vs WorldForex
What is ForexMart? What is WorldForex?
ForexMart is an online forex broker that offers trading in various instruments, such as currencies, CFDs, metals, and cryptocurrencies. ForexMart is regulated by the FCA in the UK and CySec in Cyprus, and claims to provide transparent and fair trading conditions, low spreads, high leverage, and negative balance protection.
WorldForex is an online forex broker that offers trading in forex, digital contracts, stocks, and futures. WorldForex is registered in Saint Vincent and the Grenadines, and claims to provide the best trading conditions for its clients, such as low commissions, fast execution, high leverage, and a wide range of trading platforms.
ForexMart vs WorldForex Regulation Comparison
ForexMart is regulated by two reputable authorities: the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySec) in Cyprus. These regulators ensure that ForexMart complies with strict rules and standards regarding client protection, financial reporting, capital adequacy, and segregation of funds.
WorldForex is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines, which is a common offshore jurisdiction for forex brokers. However, this does not mean that WorldForex is regulated or supervised by any official authority. Therefore, WorldForex may not offer the same level of security and transparency as ForexMart.
ForexMart vs WorldForex Trading Assets Comparison
ForexMart offers more than 300 trading instruments, including 100 currency pairs, CFDs on indices, commodities, stocks, metals, and cryptocurrencies. ForexMart also allows trading in spot gold and silver.
WorldForex offers over 200 trading instruments, including 61 currency pairs, digital contracts on various assets, stocks from US and European markets, and futures on commodities and indices.
ForexMart vs WorldForex Trading Fees Comparison
ForexMart charges variable spreads that depend on the account type and market conditions. The average spread for the EUR/USD pair is 1.1 pips on the Standard account. ForexMart does not charge any commissions or fees for trading or depositing funds.
WorldForex charges fixed or floating spreads depending on the account type and instrument. The minimum spread for the EUR/USD pair is 0.8 pips on the Standard account. WorldForex also charges commissions for some instruments, such as digital contracts and futures.
ForexMart vs WorldForex Account Types Comparison
ForexMart offers four types of accounts: Standard, Zero Spread, ECN Standard, and ECN Zero Spread. The minimum deposit for all accounts is $1. The maximum leverage for all accounts is 1:500. The main difference between the accounts is the spread type and size.
WorldForex offers three types of accounts: Standard, Micro, and ECN. The minimum deposit for the Standard account is $1, for the Micro account is $10, and for the ECN account is $1000. The maximum leverage for all accounts is 1:1000. The main difference between the accounts is the spread type and size, as well as the execution method.
ForexMart vs WorldForex Deposit Options Comparison
ForexMart supports various deposit and withdrawal methods, such as bank transfer, credit/debit cards (Visa, Mastercard, Maestro), e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin), and local payment systems (PayCo). ForexMart does not charge any fees for deposits or withdrawals.
WorldForex supports various deposit and withdrawal methods, such as bank transfer, credit/debit cards (Visa), e-wallets (Skrill), cryptocurrencies (Bitcoin), prepaid cards (PaySafeCard), and local payment systems (WebMoney). WorldForex does not charge any fees for deposits or withdrawals.
ForexMart vs WorldForex Trading Platforms Comparison
ForexMart offers three types of trading platforms: MetaTrader 4 (MT4), WebTrader, and Mobile Trader. MT4 is a popular and powerful platform that supports advanced technical analysis tools, automated trading systems (Expert Advisors), custom indicators, and multiple order types. WebTrader is a web-based platform that allows trading from any browser without downloading any software. Mobile Trader is an app for iOS and Android devices that enables trading on the go.
WorldForex offers four types of trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and Mobile Trader. MT4 and MT5 are similar to ForexMart’s platforms, but MT5 has some additional features, such as more time frames, more order types, more indicators, and more instruments. WebTrader and Mobile Trader are also similar to ForexMart’s platforms, but with a different design and interface.
ForexMart vs WorldForex Analytical Tools Comparison
ForexMart provides various analytical tools for its clients, such as economic calendar, market news, technical analysis reviews, trading signals, and VPS service. These tools help traders to stay updated on the market events, trends, and opportunities, as well as to enhance their trading performance and efficiency.
WorldForex provides some analytical tools for its clients, such as economic calendar, market news, trading signals, and VPS service. These tools are similar to ForexMart’s tools, but may not be as comprehensive or frequent.
ForexMart vs WorldForex. 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, goals, and trading style. There is no definitive answer to which forex broker is better, as different brokers may suit different traders better. However, you may consider some of the following factors when comparing ForexMart and WorldForex:
- Regulation: ForexMart is regulated by two reputable authorities, the FCA and CySec, while WorldForex is registered in an offshore jurisdiction, Saint Vincent and the Grenadines. This means that ForexMart may offer more security and transparency for your funds and trading activities than WorldForex.
- Trading Assets: ForexMart offers more trading instruments than WorldForex, including more currency pairs, CFDs, metals, and cryptocurrencies. This means that ForexMart may offer more diversity and flexibility for your trading portfolio than WorldForex.
- Trading Fees: ForexMart does not charge any commissions or fees for trading or depositing funds, while WorldForex charges commissions for some instruments, such as digital contracts and futures. This means that ForexMart may offer lower trading costs than WorldForex.
- Account Types: ForexMart and WorldForex offer similar account types, with different spread types and sizes, leverage levels, and execution methods. The main difference is that WorldForex offers an ECN account with a minimum deposit of $1000, while ForexMart does not. This means that WorldForex may offer better access to the interbank market and liquidity than ForexMart for traders who can afford the higher deposit requirement.
- Trading Platforms: ForexMart and WorldForex offer similar trading platforms, such as MT4, MT5, WebTrader, and Mobile Trader. The main difference is that WorldForex offers MT5, while ForexMart does not. This means that WorldForex may offer some additional features and functions than ForexMart for traders who prefer the newer version of the platform.
- Analytical Tools: ForexMart provides more comprehensive and frequent analytical tools than WorldForex, such as market news, technical analysis reviews, trading signals, and VPS service. This means that ForexMart may offer more support and guidance for your trading decisions than WorldForex.
Based on these factors, you may have a better idea of which forex broker suits your needs and preferences better. However, you should also do your own research and due diligence before opening an account with any broker. You should also be aware of the risks involved in forex trading and only trade with money you can afford to lose.
