Compare Weltrade vs ForexMart
What is Weltrade? What is ForexMart?
Weltrade is an international company that has 16 years of experience in the forex market and online trading. It offers various trading instruments, such as forex, shares, metals, and crypto, with leverage up to 1:3000 and zero spreads. It also provides innovative tools for traders, such as bonuses, promotions, affiliate programs, and social trading. Weltrade is regulated by the FSCA in South Africa.
ForexMart is an online forex broker that offers trading in forex, crypto, gold, and stocks with low spreads and no requotes. It also has a copytrade system that allows passive income from social trading and investments. ForexMart is regulated by the CySEC in Cyprus.
Weltrade vs ForexMart Regulation Comparison
Both Weltrade and ForexMart are regulated by reputable authorities in their respective jurisdictions. Weltrade is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with license number 50633. ForexMart is authorized by the Cyprus Securities and Exchange Commission (CySEC) with license number 266/15.
Both brokers also comply with the anti-money laundering (AML) and know your customer (KYC) policies, as well as the investor compensation schemes (ICS) in their regions. This means that they have measures to prevent fraud and protect their clients’ funds in case of insolvency.
Weltrade vs ForexMart Trading Assets Comparison
Weltrade offers more than 100 trading instruments, including 45 currency pairs, 10 crypto pairs, 4 metals, and 50 shares. ForexMart offers 40 currency pairs, 4 crypto pairs, 2 metals, and 10 shares.
Both brokers allow trading on major, minor, and exotic currencies, as well as popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. However, Weltrade has a wider range of metals and shares to choose from, including gold, silver, platinum, palladium, and stocks from various sectors and countries.
Weltrade vs ForexMart Trading Fees Comparison
Weltrade does not charge any commission fees for trading on its platform. It also offers zero spreads on some of its account types. However, it does charge swap fees for holding positions overnight, unless the account is swap-free. It also has some fees for depositing and withdrawing funds using certain methods.
ForexMart also does not charge any commission fees for trading on its platform. It has low spreads starting from 0.6 pips on its standard account. It does not charge any swap fees for holding positions overnight on its swap-free account. It also does not charge any deposit fees for any method of payment. However, it does have some withdrawal fees depending on the method used.
Weltrade vs ForexMart Account Types Comparison
Weltrade offers six types of accounts for different levels of traders: Micro, Premium, Pro, ZuluTrade, Crypto, and ECN. Each account has different features and requirements, such as minimum deposit, leverage, spread, lot size, margin call, stop out level, etc. The Micro account is suitable for beginners who want to start with a small amount of money. The Premium account is designed for experienced traders who want to trade with higher leverage and lower spreads. The Pro account is ideal for professional traders who want to trade with the best market conditions and execution speed. The ZuluTrade account is for those who want to use the social trading platform of ZuluTrade to copy the trades of other successful traders. The Crypto account is for those who want to trade exclusively on cryptocurrencies with high leverage and zero spread. The ECN account is for those who want to trade with direct access to the interbank market and low commissions.
ForexMart offers three types of accounts for different levels of traders: Classic, Pro, and Zero Spread. Each account has different features and requirements, such as minimum deposit, leverage, spread, lot size, margin call, stop out level etc. The Classic account is suitable for beginners who want to trade with low spreads and no requotes. The Pro account is designed for experienced traders who want to trade with higher leverage and lower spreads. The Zero Spread account is ideal for scalpers who want to trade with zero spread and fixed commissions.
Weltrade vs ForexMart Deposit Options Comparison
- Weltrade offers more than 30 ways to deposit funds into its trading account without commission fees. Some of the methods include bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum), etc. The minimum deposit amount varies depending on the method used but generally ranges from $1 to $100. The processing time also depends on the method used but generally takes from a few minutes to a few days.
- ForexMart offers several ways to deposit funds into its trading account without commission fees. Some of the methods include bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum), etc. The minimum deposit amount is $1 for all methods. The processing time also depends on the method used but generally takes from a few minutes to a few days.
- Weltrade offers several ways to withdraw funds from its trading account with different fees and processing times. Some of the methods include bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum), etc. The minimum withdrawal amount varies depending on the method used but generally ranges from $1 to $100. The processing time also depends on the method used but generally takes from a few minutes to a few days. The withdrawal fees range from 0% to 3.5% depending on the method used.
- ForexMart offers several ways to withdraw funds from its trading account with different fees and processing times. Some of the methods include bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum), etc. The minimum withdrawal amount is $1 for all methods. The processing time also depends on the method used but generally takes from a few minutes to a few days. The withdrawal fees range from 0% to 2.5% depending on the method used.
Weltrade vs ForexMart Trading Platforms Comparison
Weltrade offers three types of trading platforms for its clients: MetaTrader 4, MetaTrader 5, and Web Trader. MetaTrader 4 and MetaTrader 5 are the most popular and powerful platforms for trading forex and other instruments. They offer various features and tools, such as multiple execution modes, technical indicators, trading robots, market news, etc. They are available for desktop, web, and mobile devices. Web Trader is a browser-based platform that allows trading on the go without downloading or installing any software. It also offers various features and tools, such as charts, orders, indicators, etc.
ForexMart offers two types of trading platforms for its clients: MetaTrader 4 and Mobile App. MetaTrader 4 is the most popular and powerful platform for trading forex and other instruments. It offers various features and tools, such as multiple execution modes, technical indicators, trading robots, market news, etc. It is available for desktop and web devices. Mobile App is a mobile application that allows trading on the go using smartphones or tablets. It also offers various features and tools, such as charts, orders, indicators, etc.
Weltrade vs ForexMart Analytical Tools Comparison
Weltrade and ForexMart both offers various analytical tools for its clients to enhance their trading performance and experience. Some of the tools include economic calendar, market news, technical analysis reviews, trading signals, webinars, etc. These tools help traders to stay updated with the latest market events and trends, as well as to learn new skills and strategies from experts.
Weltrade vs ForexMart. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose. It depends on your personal goals, preferences and trading style. However, you can refer to some suggestions and tips to help you make an informed decision.
If you are looking for a broker that offers more trading instruments, especially metals and shares, then Weltrade might be a better option for you. Weltrade has more than 100 trading instruments, while ForexMart has only 56 .- If you are looking for a broker that offers lower spreads and no swap fees, then ForexMart might be a better option for you. ForexMart has low spreads starting from 0.6 pips on its standard account and no swap fees on its swap-free account. Weltrade has zero spreads on some of its account types, but it does charge swap fees for holding positions overnight, unless the account is swap-free.
- If you are looking for a broker that offers higher leverage and zero spread accounts, then Weltrade might be a better option for you. Weltrade offers leverage up to 1:3000 and zero spread accounts for crypto and ECN trading. ForexMart offers leverage up to 1:1000 and zero spread accounts for scalping trading.
- If you are looking for a broker that offers more deposit and withdrawal options without commission fees, then ForexMart might be a better option for you. ForexMart offers several ways to deposit and withdraw funds without commission fees. Weltrade also offers many ways to deposit funds without commission fees, but it does charge some fees for withdrawing funds using certain methods.
- If you are looking for a broker that offers more trading platforms, especially MetaTrader 5 and Web Trader, then Weltrade might be a better option for you. Weltrade offers three types of trading platforms: MetaTrader 4, MetaTrader 5, and Web Trader. ForexMart offers two types of trading platforms: MetaTrader 4 and Mobile App.
Of course, you should also look at other aspects, such as customer service, security, reputation, education, etc. You should also do your own research and compare different brokers before making a final decision.
