ForexMart
Virtual Brokers
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Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while Virtual Brokers was established in 2008 and is based in Canada. ForexMart holds licences including Cyprus Securities and Exchange Commission (CySEC), while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. ForexMart serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $1 at ForexMart and $1000 at Virtual Brokers.
| Feature | ForexMart | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 2015 | 2008 |
| Country | Cyprus | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ForexMart and Virtual Brokers, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $1000 at Virtual Brokers). Both brokers charge withdrawal fees. ForexMart charges deposit fees; Virtual Brokers does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | ForexMart | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
ForexMart offers MT4, MT5, cTrader, while Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| 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,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexMart and Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. ForexMart supports 15 languages and Virtual Brokers supports 2, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | ForexMart | Virtual Brokers |
|---|---|---|
| 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 |