ForexMart
Fortrade
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Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while Fortrade was established in 1992 and is based in UK. ForexMart holds licences including Cyprus Securities and Exchange Commission (CySEC), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. ForexMart serves 10,000+ clients worldwide; Fortrade has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | ForexMart | Fortrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 |
| Founded | 2015 | 1992 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexMart and Fortrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. ForexMart charges withdrawal fees while Fortrade does not, a notable advantage for frequent withdrawers. ForexMart charges deposit fees; Fortrade does not. The two brokers are broadly comparable on fee structure.
| Feature | ForexMart | Fortrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
ForexMart offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ForexMart supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | ForexMart | Fortrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, WEB, desktop | MT4, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexMart and Fortrade compare. ForexMart runs regular live webinars; Fortrade does not. ForexMart has a video library; Fortrade does not. ForexMart publishes daily market commentary; Fortrade does not. ForexMart integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. ForexMart maintains an archive of past webinars for on-demand viewing. ForexMart scores higher overall in education and research.
| Feature | ForexMart | Fortrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexMart accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Fortrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). ForexMart uniquely supports Skrill among the two brokers. Fortrade uniquely supports PayPal among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | ForexMart | Fortrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexMart and Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. ForexMart supports 15 languages and Fortrade supports 1, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | ForexMart | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English |