CFI Markets
ForexMart
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Overview
CFI Markets was founded in 2012 and is headquartered in Cyprus, while ForexMart was established in 2015 and is based in Cyprus. CFI Markets holds licences including Financial Conduct Authority (FCA), while ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. CFI Markets serves 10,000+ clients worldwide; ForexMart has 10,000+. The minimum deposit is $100 at CFI Markets and $1 at ForexMart.
| Feature | CFI Markets | ForexMart |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2012 | 2015 |
| Country | Cyprus | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CFI Markets and ForexMart, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $100 at CFI Markets). Both brokers charge withdrawal fees. CFI Markets applies inactivity fees on dormant accounts; ForexMart does not. CFI Markets charges deposit fees; ForexMart does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | CFI Markets | ForexMart |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
CFI Markets offers MT4, MT5, cTrader, while ForexMart supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | CFI Markets | ForexMart |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Tablet & Mobile apps | MT4, WEB, desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CFI Markets and ForexMart compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. ForexMart scores higher overall in education and research.
| Feature | CFI Markets | ForexMart |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. CFI Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while ForexMart supports 4 (bank transfer, credit/debit card, Skrill, Neteller). ForexMart uniquely supports Skrill and Neteller among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | CFI Markets | ForexMart |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both CFI Markets and ForexMart offer live chat support. Both provide phone support. Email support is available at both brokers. CFI Markets supports 2 languages and ForexMart supports 15, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | CFI Markets | ForexMart |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |