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ForexMart review
ForexMart


On-line since: 2015
Country of origin: Cyprus
Regulation: CySec
Payment options: wire transfer, Visa and MasterCard bank cards, PayPal, Paxum, QIWI, Skrill, PayСo, NETELLER, MegaTransfer
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: from 1:1 up to 1:1,000
Spreads: 2 pips

About the company:

ForexMart is a trademark of Tradomart Ltd. (earlier Fxco Trading Ltd.). This brokerage firm is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker provides services to trade Forex, CFDs on shares and spot metals through the most popular trading platform, MetaTrader 4.

Safety of clients’ funds

Tradomart Ltd. delivers its brokerage services under the trademark of ForexMart, which is properly licensed and operates under the authority of the Cyprus Securities and Exchange Commission (license number 266/15).

Besides, Tradomart Ltd. holds a cross-border license issued by the CySEC, permitting investments and additional services in compliance with the European Financial Instruments Directive (MiFID) across the European Economic Area.

The CySEC applies particular rules for brokerage companies. One of such essential rules is the requirement to the minimum capital size which should be at least €1 million. For extra safety of clients’ funds, the company is a certified member of the Investor Compensation Fund (ICF). It means that in case of the broker’s bankruptcy a client will be able to withdraw up to €20,000.

Trading conditions

The minimum deposit with the broker starts from USD/EUR/GBP 1. Compared to other brokers in Cyprus which require from $50 up to $500, ForexMart offers very beneficial trading conditions in the forex industry.

With ForexMart, traders can choose between two account types: ForexMart Standard and ForexMart Zero Spread. Besides, a demo account is also available with the broker. The first account type offers fixed spreads and a zero commission. So, a spread equals 2 pips for EUR/USD. The second type of a trading account means a zero spread for the same pair but the broker charges a commission of 2 pips. Other companies under the CySEC regulation set forth similar fixed spreads.

The maximum leverage with the broker is one of the biggest among other retail brokers. So clients can set leverage of 1:1,000. Importantly, high leverage enlarges both profits and losses. Therefore, some brokers restrict their leverage. ForexMart offers leverage of 1:100 to trade gold and silver. Leverage for CFDs is 1:20.

For trading accounts deposited with over $1,000, leverage can be raised to 1:500.

Trading platform

Clients trade through the MT4 trading platform which allows them to monitor up to four charts in parallel. The trading platform is equipped with several technical indicators and expert advisors (EA).

Bonuses

The broker offers its clients a welcome 30% deposit bonus and a non-deposit bonus up to $150. They cannot be used together with other bonuses. Those clients who have received a non-deposit bonus are provided with leverage of 1:200.

ayment methods

The broker allows its clients to deposit an account and withdraw money by means of bank cards, wire transfer, and electronic payment systems such as Neteller, Skrill, PayPal, and Paxum.

ForexMart 9/10 (votes 5776)

Web-site: ForexMart

Comments Interested in other brokers?
Author of ForexMart: Durban | Date 2017-11-28
Hey all, if you are thinking to join forexmart today, my advice is go ahead and join them you will not get irritated with them. I have been joining their platform since year 2015, and enjoy trading life till now. The most important part, the broker is honest and transparent to me as a client. Each term and condition are explaining in detail and not much hiding like others. In real, I am also comfortable while working on the platform and it is important to have such an easy access into it, also the right tools or indicator in order to trade rightly. For me, GBP/NZD currently move by 200 pips since end of October 17 till yesterday. I have my own target and it slightly to hit this week. It was great experience with Forexmart and I wish more precise trades. All the best all!
Author of ForexMart: Beatriz | Date 2017-11-24
The economic news posted in ForexMart helps me to keep updated regarding the latest events in the financial markets. I find this very favorable because I also invest to other markets.
Author of ForexMart: Akashi | Date 2017-11-02
From my point of view Forexmart is a top and vast run brokerage. It has been established and well-regulated for more than 5 years. It is also one of the reason why I selected them! I felt more comfortable when working on their MT4 platform. Graphics is very clear and not much disruptions. I don’t face any heartache down the road. Most important thing, Stop loss and take profit order are well-executed as I wish. Recently, profit just generated with started minimum capital of a $100. Glad to see when it turning to profit after so much hard work within 2 months’ time to $400. I choose Paypal method seem it is more suitable to me. It also fast with approval time less than 4 days. Still in the midst of learning analysis tools to improve skills and strategy.
Author of ForexMart: Micaela | Date 2017-10-25
I could get $400 trading in forex market with this broker since August. I opened a micro account first during the first month to reduce my risks and my trading was good, the execution in the trading platform MT4 is instant, so there are no delays. Its fixed spread really helped to get my earnings and set wisely my orders. During September, I opened another account which allowed more amount of volumes, and I had excellent results too. I made my deposits and withdrawals with Skrill and no problems so far. The commission they charge is low and the process is very fast, just a few hours.
Author of ForexMart: Andy | Date 2017-10-19
Forexmart is a certified broker, also the trading conditions are very easy to understand, their site is simple to navigate, , but spreads could be lower to be more competitve. Recently I went through the verification process, wich I considered very fast and simple. I deposited $40 last month, and since then I have been trading with EUR/USD, so far so good.
Author of ForexMart: TufanFx | Date 2017-10-16
I have been earned $387 by the forex trading with Forexmart broker since July 2017. I am dealing with a micro account by the Mt4 platform, where trade execution is quite good, almost instant.Especially their 3 pips fixed spread on all pairs is the best condition to me, which is the way to earn money, I can also be used familiar tools and analytical indicators on the MT4 platform. Till now all of my transaction are transparent via Skrill payment gateway with Forexmart. I am satisfied and want to say that Forexmart has an excellent platform in the market with a fair trading condition and transparent payment system.
Author of ForexMart: zou hair | Date 2017-10-11
Just want to thank the staff of this company for the quick response about my concern related to my trading account. On Monday, I sent my documents hoping to get approved the same day. However, I got a problem since there's an information discrepancy issue. My residence address written in the account registration form didn't match to the document I uploaded in the client cabinet. It was a big problem, I thought. So, I contacted their staff to request to change the information in the registration form and I really appreciate the prompt response and quick solution to my problem. After I provided my account details, my concern was fixed in less than 5 minutes. That was amazing, they handled the issue professionally. They granted my request to be able to proceed my withdrawal. Yesterday, I was able to make a withdrawal request via Wire Transfer and hope to receive the money tomorrow morning or on Friday.
Author of ForexMart: Kyah | Date 2017-10-11
I earn additional profit through forex trading on a monthly basis. ForexMart is my broker and they have been a wonderful trading partner. I like how simple and consistently good are their withdrawal system. They also keep on improving and adding more services as I've noticed in the past few months.
Author of ForexMart: piphaekleeuk | Date 2017-10-06
ForexMart have the best option trading platform ever I have used. I have used this broker for almost 2 years and I never encountered any issue with them. I really love because they provide big bonus and trading system that fast in deposit and withdrawal process. While trading in real account for two months I made a profit of about $50 to $75. Overall the experience with this broker is excellent.
Author of ForexMart: Baek | Date 2017-09-14
I started trading with ForexМart thinking it was a professional trading site, and I was right, ForexМart is a reliable broker. Initially I deposited $150 as I started trading I made about $220 within 2 weeks taking the balance up to $370. And I placed withdrawal of $200 through NETELLER and within 4 hours I got my money. I hope to trade big time on ForexМart platform.
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