ForexMart
global prime
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Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while global prime was established in 2018 and is based in United Kingdom. ForexMart holds licences including Cyprus Securities and Exchange Commission (CySEC), while global prime is regulated by Financial Conduct Authority (FCA) among others. ForexMart serves 10,000+ clients worldwide; global prime has 10,000+. The minimum deposit is $1 at ForexMart and $250 at global prime.
| Feature | ForexMart | global prime |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F249 |
| Founded | 2015 | 2018 |
| Country | Cyprus | United Kingdom |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexMart and global prime, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $250 at global prime). Both brokers charge withdrawal fees. ForexMart charges deposit fees; global prime does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | ForexMart | global prime |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
ForexMart offers MT4, MT5, cTrader, while global prime supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ForexMart supports social and copy trading features, which global prime does not offer. The two brokers are closely matched on platform offering.
| Feature | ForexMart | global prime |
|---|---|---|
| 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 global prime compare. ForexMart runs regular live webinars; global prime does not. Both provide video tutorials. ForexMart publishes daily market commentary; global prime does not. Both integrate third-party research tools. ForexMart maintains an archive of past webinars for on-demand viewing. ForexMart scores higher overall in education and research.
| Feature | ForexMart | global prime |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 global prime supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). global prime uniquely supports PayPal among the two brokers. global prime scores higher on deposit and withdrawal flexibility.
| Feature | ForexMart | global prime |
|---|---|---|
| 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 global prime offer live chat support. Both provide phone support. Email support is available at both brokers. ForexMart supports 15 languages and global prime supports 8, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | ForexMart | global prime |
|---|---|---|
| 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 |