ForexMart
SpreadCo
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Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while SpreadCo was established in 2005 and is based in London. ForexMart holds licences including Cyprus Securities and Exchange Commission (CySEC), while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. ForexMart serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $1 at ForexMart and $100 at SpreadCo.
| Feature | ForexMart | SpreadCo |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Founded | 2015 | 2005 |
| Country | Cyprus | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexMart and SpreadCo, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $100 at SpreadCo). Both brokers charge withdrawal fees. ForexMart charges deposit fees; SpreadCo does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | ForexMart | SpreadCo |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
ForexMart offers MT4, MT5, cTrader, while SpreadCo 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 | ForexMart | SpreadCo |
|---|---|---|
| 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 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexMart and SpreadCo compare. ForexMart runs regular live webinars; SpreadCo does not. Both provide video tutorials. ForexMart publishes daily market commentary; SpreadCo 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 | SpreadCo |
|---|---|---|
| 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 SpreadCo supports 2 (bank transfer, credit/debit card). ForexMart uniquely supports Skrill and Neteller among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | ForexMart | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexMart and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. ForexMart supports 15 languages and SpreadCo supports 2, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | ForexMart | SpreadCo |
|---|---|---|
| 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, and Chinese |