ForexMart
freetrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while freetrade was established in 2016 and is based in United Kingdom. ForexMart holds licences including Cyprus Securities and Exchange Commission (CySEC), while freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821) among others. ForexMart serves 10,000+ clients worldwide; freetrade has 890,000+. The minimum deposit is $1 at ForexMart and $0 at freetrade.
| Feature | ForexMart | freetrade |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority. Registered in England and Wales (no. 09797821) |
| Founded | 2015 | 2016 |
| Country | Cyprus | United Kingdom |
| Clients | 10,000+ | 890,000+ |
Fees
Fees are a critical factor when choosing between ForexMart and freetrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $1 at ForexMart). ForexMart charges withdrawal fees while freetrade does not, a notable advantage for frequent withdrawers. ForexMart charges deposit fees; freetrade does not. The two brokers are broadly comparable on fee structure.
| Feature | ForexMart | freetrade |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
ForexMart offers MT4, MT5, cTrader, while freetrade supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexMart | freetrade |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexMart and freetrade 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. The two brokers are evenly matched on educational content.
| Feature | ForexMart | freetrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
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 freetrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). freetrade uniquely supports PayPal among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | ForexMart | freetrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| 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 freetrade offer live chat support. Both provide phone support. Email support is available at both brokers. ForexMart supports 15 languages and freetrade supports 8, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | ForexMart | freetrade |
|---|---|---|
| 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, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |