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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 6178)

Web-site: ForexMart

Author of ForexMart: Ahmed | Date 2018-07-17
I trade with Forexmart for about a year now. It is a good trading platform with all needed instruments that a trader needs. For my trading strategy I am using pending orders, market orders, chart. My withdrawals have always gone smoothly and I got money to my paypal within 5 days as Forexmart promised
Author of ForexMart: Femi | Date 2018-05-04
Forexmart is one of the very best and most transparent Forex brokers in the world, and their immense success proves this. If any trader is complaining, then they should check their trading methods. I have lost a lot of money because I traded greedily, but after a lot of training I have been able to make some profits for myself on my ForexMart Standard account. I have made withdrawal twice through skrill, although I was asked to submit my documents before withdrawal can made which I did, and I later got my money. I highly recommend this broker.
Author of ForexMart: piphokajih | Date 2018-04-26
It looks like trading at ForexMart will give me big advantage. I want to start trading and feel interested in the information and system offered by this broker. I think with a minimum of $ 1 accounts and leverage: from 1: 1 up to 1: 1,000 will generate a big profit. In addition, from several trading forums, many traders expressed satisfaction and the many advantages they get from this broker. The execution is fair 1-3 seconds for every transactions, deposit and withdraw process run so fast and the platform easy to use even in the mobile applications and many more. However they do not provide free swap account. I do not want to trade with swap, not in accordance with my belief. Are there any other options from this broker that I can use? Is there a trader who has ever used a similar program in ForexMart? Please give me a suggestion because I am interested in this broker.
Author of ForexMart: Chidi | Date 2018-03-26
I would say they are one of the best brokers based on the fact that I just opened a demo account with them. Couldn't figure out buy stops as I was new to trading. Called customer support and they were excellent. Wish I knew who I spoke with. First rate service. Will leave feedback again after I switch to live later next month
Author of ForexMart: Thabiso | Date 2018-03-19
Although, I am a new trader in forex, but I get the best service from Forexmart. The MT4 platform is stable and it is included with helpful tools and analytical indicators. So I can open a deal in desired position for the Instant execution so far, as no slippage or re-quote on my orders. Beside their payment system has many options, but I have chosen Skrill payment system. Overall I am pleased with my payment. I say ForexМart's trading condition and service are fair to me.
Author of ForexMart: Anja | Date 2018-03-12
The trading platform devised by ForexMart seems to function smoothly, since I utilize their system. It runs properly in my computer and I agree that their platform got all my trading needs. I started trading with them and was registered under a 50% welcome bonus and gladly I have obtained 13% income for the first 2 weeks of trading. In addition to this, the tradable spreads of ForexMart and its required margin makes trading environment really easy.
Author of ForexMart: Ola | Date 2018-02-15
Although, I am a new broker on Forex mart, I just opened an account last week on this platform. However, a deposit of $100 on my forexmart was so fast, this gives me hope that I will enjoy forextmart platform. But do not worry, I will keep you guys posted about my trading experience on this platform, as time goes on.
Author of ForexMart: Amaia | Date 2018-01-02
Registration with ForexMart is very simple. I was able to generate an account with ease and selected from the three accounts. I opted for the micro account for starters. The verification process was also not complicated and I was able to contact them regarding the process.
Author of ForexMart: Gbemi | Date 2017-12-19
I have two accounts with them, I have really enjoyed the their services, especially their withdrawal and execution method. The first time I tried withdrawing $80 from my account through wire transfer it was very fast it took just 2 hrs before I got my money, even one of the support department called me to apologize for delaying, which I was even surprise. Because compare to the two brokers that I have used in the past my withdrawals always take 24 hours or more than. I recommend Forex mart to all.
Author of ForexMart: Kaite | Date 2017-12-18
Excellent broker, very effective execution and low spreads. CySEC regulated. Groundbreaking concept with connecting traders and investors. Creating opportunities for good traders to earn performance feed and also creating new unique opportunities for investors to build a balanced portfolio of skilled traders. Customer support is also first class. Probably the best broker around
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