ForexMart vs Vantage FX Broker Comparison
Are you trying to figure out which is a better broker, ForexMart or Vantage FX? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Vantage FX is the better of the two. Vantage FX offers 300+ instruments, licenses from FCA, ASIC, CIMA, and fair trading fees.
In the tables below, you can compare the features of ForexMart and Vantage FX side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked Vantage FX higher than ForexMart.
Does ForexMart or Vantage FX have lower trading costs and fees?
To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.
To give an overall view of how cheap or expensive ForexMart and Vantage FX are, we first considered the common fees on Standard Accounts. At ForexMart the average spread for the EUR/USD currency pair is pips, whilst at Vantage FX the spread is 1.4.
This shows that ForexMart is the better option for low-cost forex trading.
When it comes to non-trading fees, ForexMart charges for withdrawal. Vantage FX charges for . With this in mind, Vantage FX has lower non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that Vantage FX is the better option.
*Based on Standard account type.
Which broker is safer, ForexMart or Vantage FX?
In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
ForexMart is regulated by FCA, CySec and offers client protection. Vantage FX is regulated by FCA, ASIC, CIMA and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that Vantage FX is the safer broker.
How many trading instruments are available at ForexMart and Vantage FX?
ForexMart provides traders with 300+ instruments. This includes 100 currency pairs, 1 cryptocurrencies, and 1 stocks and shares. With ForexMart, you cannot trade CFDs.
In comparison, Vantage FX boasts 300+ tradable instruments. Vantage FX offers 40 currency pairs, 0 cryptocurrencies, and 100 stocks and shares. Vantage FX also allows CFD trading.
As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.
Which broker offers the best trading platform, ForexMart or Vantage FX?
When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.
ForexMart provides you with the ability to trade via 3 trading platforms, and Vantage FX has 4 trading platforms. Both brokers also offer research and trading tools, however Vantage FX has more.
Overall, our experts agree that Vantage FX boasts the better trading platform offering.
Which is better for beginners, ForexMart or Vantage FX?
To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.
Considering this, our reviews show that ForexMart is the better broker for beginner traders as it offers a larger range of educational tools and materials. ForexMart also has a minimum deposit of $.