Compare GrandCapital vs ForexMart
What is GrandCapital? What is ForexMart?
GrandCapital is a forex broker that was founded in 2006 and is regulated by the Financial Commission, an independent self-regulatory organization. GrandCapital offers over 330 trading instruments, including forex, CFDs, cryptocurrencies, binary options, and futures. GrandCapital also provides various bonuses, contests, and educational materials for its clients.
ForexMart is a forex broker that was established in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). ForexMart offers over 100 trading instruments, mainly forex and CFDs. ForexMart also provides a no deposit bonus, a loyalty bonus, and a free VPS service for its clients.
GrandCapital vs ForexMart Regulation Comparison
Both GrandCapital and ForexMart are regulated brokers, but they have different regulatory authorities and jurisdictions. GrandCapital is regulated by the Financial Commission, which is not a governmental body but an independent self-regulatory organization that provides dispute resolution and compensation fund services for traders. GrandCapital is also registered in Saint Vincent and the Grenadines, which is an offshore jurisdiction with low regulatory standards and transparency.
ForexMart is regulated by the CySEC, which is a governmental body that follows the European Union’s MiFID II directive and offers investor protection up to 20,000 EUR per client. ForexMart is also registered in Cyprus, which is a member state of the European Union and has high regulatory standards and transparency.
GrandCapital vs ForexMart Trading Assets Comparison
GrandCapital and ForexMart offer different trading assets for their clients. GrandCapital has a wider range of trading instruments, including forex, CFDs, cryptocurrencies, binary options, and futures. GrandCapital offers over 330 trading instruments, with 50 currency pairs, 18 cryptocurrency pairs, 24 index CFDs, 11 commodity CFDs, 4 metal CFDs, and over 200 stock CFDs. GrandCapital also allows trading on the MT4 and MT5 platforms, as well as its own web terminal and mobile app. ForexMart has a narrower range of trading instruments, mainly forex and CFDs.
ForexMart offers over 100 trading instruments, with 40 currency pairs, 2 cryptocurrency pairs, 4 index CFDs, 2 commodity CFDs, and over 50 stock CFDs. ForexMart only allows trading on the MT4 platform.
GrandCapital vs ForexMart Trading Fees Comparison
GrandCapital and ForexMart have different trading fees for their clients. GrandCapital charges variable spreads and commissions depending on the account type and the trading instrument. GrandCapital has four account types: Standard, Micro, ECN Prime, and Crypto. The Standard account has no commission but higher spreads starting from 1 pip. The Micro account has no commission but higher spreads starting from 1.6 pips. The ECN Prime account has a commission of $5 per lot but lower spreads starting from 0 pips. The Crypto account has a commission of 1% but lower spreads starting from 0 pips.
ForexMart charges variable spreads depending on the account type and the trading instrument. ForexMart has two account types: Classic and Pro. The Classic account has no commission but higher spreads starting from 1 pip. The Pro account has no commission but lower spreads starting from 0 pips.
GrandCapital vs ForexMart Account Types Comparison
GrandCapital and ForexMart have different account types for their clients. GrandCapital has four account types: Standard, Micro, ECN Prime, and Crypto. The Standard account requires a minimum deposit of $100 and offers leverage up to 1:2000. The Micro account requires a minimum deposit of $10 and offers leverage up to 1:500. The ECN Prime account requires a minimum deposit of $500 and offers leverage up to 1:100. The Crypto account requires a minimum deposit of $100 and offers leverage up to 1:3.
ForexMart has two account types: Classic and Pro. The Classic account requires a minimum deposit of $1 and offers leverage up to 1:5000. The Pro account requires a minimum deposit of $1 and offers leverage up to 1:5000.
GrandCapital vs ForexMart Deposit Options Comparison
GrandCapital and ForexMart have different deposit and withdrawal options for their clients. GrandCapital accepts various payment methods, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney), cryptocurrencies (such as Bitcoin), local bank transfers (such as FasaPay), prepaid cards (such as PaySafeCard), and online banking (such as Perfect Money). GrandCapital charges no fees for deposits and withdrawals, except for bank wire transfers, which may incur fees from the banks. GrandCapital processes deposits and withdrawals within 1-3 business days, depending on the payment method.
ForexMart accepts fewer payment methods, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller), local bank transfers (such as FasaPay), and online banking (such as Perfect Money). ForexMart charges no fees for deposits and withdrawals, except for bank wire transfers, which may incur fees from the banks. ForexMart processes deposits and withdrawals within 1-5 business days, depending on the payment method.
GrandCapital vs ForexMart Trading Platforms Comparison
GrandCapital and ForexMart have different trading platforms for their clients. GrandCapital allows trading on the MT4 and MT5 platforms, as well as its own web terminal and mobile app. The MT4 and MT5 platforms are popular and user-friendly platforms that offer various features, such as charting tools, indicators, expert advisors, automated trading, and social trading. The web terminal and mobile app are proprietary platforms that offer basic features, such as market quotes, order execution, account management, and news feed.
ForexMart only allows trading on the MT4 platform. The MT4 platform is a popular and user-friendly platform that offers various features, such as charting tools, indicators, expert advisors, automated trading, and social trading.
GrandCapital vs ForexMart Analytical Tools Comparison
GrandCapital and ForexMart offer different analytical tools for their clients. GrandCapital provides various bonuses, contests, and educational materials for its clients. GrandCapital offers a welcome bonus of 40% on the first deposit, a no deposit bonus of $500 for new clients, a loyalty bonus of up to 200% on every deposit, a day of risk-free trading bonus of up to $1,000 for ECN Prime account holders, and a trade boost bonus of up to 100% on every deposit for Crypto account holders. GrandCapital also organizes various contests, such as Rally Trade, Future Trade, Drag Trade, Micro Trade, and Predict the price of Gold. GrandCapital also provides various educational materials, such as webinars, video tutorials, articles, glossary, and FAQ.
ForexMart provides a no deposit bonus of $300 for new clients, a loyalty bonus of up to 30% on every deposit, and a free VPS service for its clients. ForexMart does not organize any contests or provide any educational materials for its clients.
GrandCapital vs ForexMart. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading preferences, goals and risk appetite. There is no definitive answer as to which forex broker is better, as different brokers may have different advantages and disadvantages for different traders. However, you can refer to some general guidelines to help you decide which forex broker is more suitable for you.
- If you are looking for a broker that is regulated by a governmental body and offers investor protection, you may prefer ForexMart over GrandCapital. ForexMart is regulated by the CySEC, which follows the European Union’s MiFID II directive and offers investor protection up to 20,000 EUR per client. GrandCapital is regulated by the Financial Commission, which is not a governmental body but an independent self-regulatory organization that provides dispute resolution and compensation fund services for traders.
- If you are looking for a broker that offers a wider range of trading instruments and platforms, you may prefer GrandCapital over ForexMart. GrandCapital offers over 330 trading instruments, including forex, CFDs, cryptocurrencies, binary options, and futures. GrandCapital also allows trading on the MT4 and MT5 platforms, as well as its own web terminal and mobile app. ForexMart offers over 100 trading instruments, mainly forex and CFDs. ForexMart only allows trading on the MT4 platform.
- If you are looking for a broker that offers lower trading fees and higher leverage, you may prefer ForexMart over GrandCapital. ForexMart charges variable spreads depending on the account type and the trading instrument, but no commissions. ForexMart also offers leverage up to 1:5000 for both account types. GrandCapital charges variable spreads and commissions depending on the account type and the trading instrument. GrandCapital also offers leverage ranging from 1:3 to 1:2000 depending on the account type.
- If you are looking for a broker that offers various bonuses, contests, and educational materials, you may prefer GrandCapital over ForexMart. GrandCapital provides various bonuses, such as a welcome bonus of 40% on the first deposit, a no deposit bonus of $500 for new clients, a loyalty bonus of up to 200% on every deposit, a day of risk-free trading bonus of up to $1,000 for ECN Prime account holders, and a trade boost bonus of up to 100% on every deposit for Crypto account holders. GrandCapital also organizes various contests, such as Rally Trade, Future Trade, Drag Trade, Micro Trade, and Predict the price of Gold. GrandCapital also provides various educational materials, such as webinars, video tutorials, articles, glossary, and FAQ. ForexMart provides a no deposit bonus of $300 for new clients, a loyalty bonus of up to 30% on every deposit, and a free VPS service for its clients. ForexMart does not organize any contests or provide any educational materials for its clients.
Ultimately, the choice is yours to make based on your own research and experience.
