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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 5611)

Web-site: ForexMart

Comments Interested in other brokers?
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.
Author of ForexMart: BillTradus ‏ | Date 2017-08-23
I have traded in a micro account with Forexmart since last year and I recommend that they provided the best platform for trading in the market. I prefer their trading condition too, which is the way to earn of money. Especially the 3 pips fixed spread on all pairs. Their MT4 platform service is too good due to instant execution, some great tools and analytical indicators. I must say about Forexmart's fair transparent payment system to me. Always I get my payment via Skrill within 8 hours. Really I am pleased with Forexmart broker and recommendable to others.
Author of ForexMart: Godwin | Date 2017-08-09
I would like to share my experience with ForexMart. I am trading for almost 2 years now and I trade with ForexMart most of the time. the withdrawal transactions with them are fast and accurate. I haven't encountered any delays so far that needs immediate assistance but I i am not distress about this since I've also contacted their customer support aforetime and it was not difficult to connect to their line or via chat. My account number: 103690
Author of ForexMart: AnorldBvk ‏ | Date 2017-08-08
I have a micro account with Forexmart since a year and I strongly say Forexmart is the best platform I ever trade in the market. Their trading condition is fair to me and they gained my trust by the transparent payment system. I used the MT4 platform, where I found their special tools and analytical indicators. My trade executed instantly in my desired position without a re-quote price. While they have 3 pip spread on all pairs, but like to trade major pairs like EUR/USD, GBP/USD, EUR/JPY. Till now I haven't any technical issues with them and I am pleased about my payment via Skrill transfer within a day. So I have recommendable Forexmart company to others.
Author of ForexMart: Aora | Date 2017-08-03
ForexМart is really a good broker company that has very clear trading conditions and my experience with ForexМart is excellent. I try their demo account and now I use the real one by MT4, and I admit that both demo and live account gives the best trading quality. Every trading bring me almost 50% profit with only $1 minimum deposit, I feel it is very affordable. I also never experienced any cheating during trading so it was really good trading system and fair to me.
Author of ForexMart: etag | Date 2017-07-11
Wow! This broker operates their business with integrity. I opened an account to avail the No Deposit bonus since I am just a newbie and knows nothing about Forex market. Want to test my trading skills and if I succeed, then I would definitely deposit my own funds here. Anyway, the money worth $35 was credited to my real account after I passed the account verification. The account verification is very easy. The scanned copy of my passport and electric bill got approved instantly. The Customer Support is always available. They never left me. For example, when I asked them about the trading specifications, the staff sent a link and video materials for education purposes.
Author of ForexMart: Ael | Date 2017-07-07
One of my colleague was a long time trader under ForexMart. Gladly, she introduced me to this broker. I find their rules and other agreement very simple and free from hidden charges.
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