ForexMart Alternatives: Pros & Cons for 2024
This alternatives to ForexMart guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to ForexMart to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to ForexMart like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their users. If you feel that ForexMart is not quite right for you then it would be worth getting a demo account with some of the best ForexMart alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth review of ForexMart alternatives on the internet
There are many reasons ForexMart may not be a good fit for your trading needs. Whatever reason you are hunting for the best ForexMart alternative or ForexMart competitor with similar services, we try to give you as much useful information so you can find what it is you need. Below you can find the most popular ForexMart alternatives.
For each of the below alternative to ForexMart, we also highlight the key differences to ForexMart and for each section show you the best competitors. For every ForexMart alternative trading platform listed we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with ForexMart, discover some great alternative brokersbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable online broker is important for having a successful trading career. All of the ForexMart alternative brokers listed in this ForexMart alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
ForexMart has a minimum desposit of $1, you should see how the minimum deposit requirements of ForexMart compare with the minimum deposits of ForexMart competitors. Trading platforms often offer lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t necessarily a bad thing, it all comes down to your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
ForexMart |
$1 | |
| freetrade |
$0 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 | |
| FreshForex |
$1 |
Alternatives Offering Demo Accounts
ForexMart offers demo accounts so you can test your trading strategies before risking any real money. Newbie traders can open a virtual portfolio account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we show some of the best alternatives to ForexMart that has demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
ForexMart |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
ForexMart offers negative balance protection. It is specially offered when the market volatility prevents clients from allowing their account go in the red. In a situation like this, ForexMart provides the ability to reset a customers account balance to zero.
You are able to go through the important terms and conditions on ForexMart's site to understand their policies better.
Below we detail some of the best alternatives to ForexMart that have negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
ForexMart |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
ForexMart offer a guaranteed Stop Loss capability.
When there is no free margin left with the customer, ForexMart will cease your positions. If the losses in the stopped out position exceeds your account balance, you might encounter a negative account balance.
Below we show some of the best ForexMart alternatives that has guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
ForexMart |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the terms and conditions of ForexMart do not condone scalping. It is a trading technique that isn't allowed on the broker's platform. You can refer to ForexMart's provisions and conditions to read more about its own policies.
Below we list some of the best alternatives to ForexMart that allow scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
ForexMart |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The terms and conditions of ForexMart do not condone hedging. It's a trading technique that is not permitted on the broker's platform. You have to refer to ForexMart's terms and conditions to read more about its policies.
Below we detail some of the best alternatives to ForexMart that offer hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
ForexMart |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
ForexMart's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading..
Below we detail some of the best alternatives to ForexMart that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
ForexMart |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
ForexMart's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is calculated social trading..
Below we detail some of the top alternatives to ForexMart that have copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
ForexMart |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare ForexMart To All Other Brokers