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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 5481)

Web-site: ForexMart

Comments Interested in other brokers?
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 $35 was credited to my real account after I passed the account verification. The account verification is very easy. The scanned copy of my passport and electric bill got approved instantly. The Customer Support is always available. They never left me. For example, when I asked them about the trading specifications, the staff sent a link and video materials for education purposes.
Author of ForexMart: Ael | Date 2017-07-07
One of my colleague was a long time trader under ForexMart. Gladly, she introduced me to this broker. I find their rules and other agreement very simple and free from hidden charges.
Author of ForexMart: Mammafx | Date 2017-07-05
I have an ECN Standard account with ForexMart for almost one year. They have the best trading conditions till now for me. For the pair EUR/USD is almost every time the spread 2 pips , and also I have one EA which give me strong signals regarding this pair. Among with this tool I use also USD/JPY, USD/CHF, GBP/EUR, USD/CAD, USD/AUD XAUUSD. I am pleased with my profit 800$ a month. I started with 100$ and doubled that amount by the end of the second week of trading. I also applied for the 50% welcome bonus. This broker is honest and doesn't manipulate the prices on the platform, and also the platform works fast in execution.
Author of ForexMart: Sam | Date 2017-06-29
I trade minor pairs most of the time and ForexMart's spreads are not to big that allows me to still earn profits.
Author of ForexMart: Andrea ForexMart | Date 2017-06-29
Hi Shawn_fx, We're sorry about your experience regarding our educational material. Hence, we are giving our best to improve the quality of services we give you. Rest assured that we will fix this issue. Thank you for your feedback! Andrea, Official Representative
Author of ForexMart: Bola | Date 2017-06-29
I am very satisfied with the service Forex mart,with no requotes, I made 2 withdrawals from this broker without any problem. Forex mart is one of the best broker in online now . I recommend it to all.
Author of ForexMart: Amir | Date 2017-06-21
I admire ForexMart for their high accessibility on various browsers with an impressive identification process which is quite fast and easy to conform with.
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