ForexMart Alternatives: Pros, Cons, And How It Compares Updated 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, benefits to their clients. If you feel that ForexMart is not quite right for you then it would be worth getting a demo account with some of the top ForexMart alternatives and ensuring that they are a better fit for you before moving any money around.
The most complete guide to ForexMart alternatives on the web
There's many reasons ForexMart may not be a good fit for you. For whatever reason you are looking for a new ForexMart alternative or ForexMart competitor with similar services, comparebrokers.org try to give you as much useful information so you can make an informed choice. Below you can find the best ForexMart alternatives.
For each of the alternative to ForexMart, we also highlight the key differences to ForexMart and for each platform feature show you the best alternatives. For every ForexMart alternative online broker shown we also have detailed trading platform 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 not happy with ForexMart, find some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a reputable and dependable trading platform is important for having a successful trading career. All of the ForexMart alternative brokers listed in this ForexMart alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
ForexMart has a minimum desposit of $1, you should check how the minimum deposit requirements of ForexMart compare with the minimum deposits of ForexMart competitors. Brokers often have lower minimum deposits to get traders to join with them, but having higher a minimum deposit requirement isn’t always a bad thing, it all depends on your personal 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 demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before risking a live account.
Below we show some of the best alternatives to ForexMart that has virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
ForexMart |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
ForexMart has negative balance protection. It's specially offered while the market volatility prevents customers from letting their account go into the red. In a situation like this, ForexMart provides the ability to reset a clients account balance to zero.
You should go through the critical terms and conditions on ForexMart's site to comprehend their policies.
Below we list some of the best alternatives to ForexMart that offer 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 provide a guaranteed Stop Loss order.
When there's absolutely no free margin left together with the customer, ForexMart will stop your own positions. When the losses in the stopped out location exceeds your account balance, you might encounter a negative account balance.
Below we list some of the top ForexMart alternatives that have guaranteed stop loss available for their customers.
| 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 don't allow scalping. It is a trading technique which isn't allowed on the broker's platform. You should consult with ForexMart's provisions and conditions to see more about its policies.
Below we show some of the top alternatives to ForexMart that offer scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
ForexMart |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The stipulations of ForexMart don't allow hedging. It's a trading technique which is not permitted on the broker's platform. You should refer to ForexMart's terms and conditions to see more about its policies.
Below we list some of the best alternatives to ForexMart that allow 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
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, ForexMart offers social trading which encompasses leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is independent copy trading..
Below we list some of the top alternatives to ForexMart that allow 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
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, ForexMart offers copy trading which gives access to leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is calculated social trading..
Below we show some of the top alternatives to ForexMart that allow copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
ForexMart |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare ForexMart To All Other Brokers