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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 6465)

Web-site: ForexMart

Author of ForexMart: Swisher | Date 2024-02-14
I am happy after investing with ForexMart and I can use their user-friendly platform to make a $450 profit without any risk. As here I found the fastest execution and fixed spread, as I can do scaling trade. Besides I am amazed at withdrawal processing time. So I stay with ForexMar.
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Author of ForexMart: Barbara | Date 2023-12-24
I can make a $400 profit with the ForexMart platform. As their spread is fixed and execution is fast. I say this is very reliable to me and I can withdraw my profit within a short time with ForexMart so far.
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Author of ForexMart: Armando | Date 2023-10-30
I have found the ForexMart broker, who is very honest and reliable in the market. I can use an EA with this broker and the order execution does not have any spikes or no hang-ups. They have the best forex spreads and the best service too. I got a 30% bonus from my very deposit. I have not encountered any problems with ForexMart.
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Author of ForexMart: DonaldParker | Date 2023-09-24
I am trading in a live account at ForexМart. My experience is nice, As I got MT4 platform is extraordinarily fast and the live trading is flawless. Till now, I made a total profit of $870. On last Friday I made a withdrawal of $350 and it took two hours to get the money into my Skrill account. I am extremely satisfied with ForexМart broker.
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Author of ForexMart: Taylor Payne | Date 2022-11-21
Forexmart platform is mind-blowing with fixed spread, As I can place an order instantly and with no slippage on position. So scalping trade is comfortable for them. Besides their expert trade's signal is accurate and I can utilize it. I have a Pro Direct account, where a $100 investment reached $800 and their payment process is so fast that I am able to do my trading business properly.
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Author of ForexMart: Qarsuri | Date 2022-11-08
I have been trading with ForexМart for a long moment! So far, I never had any problem with them. Their execution is fast and adapted for scalping. Deposits via Skrill or Neteller are almost instantaneous. What about the withdrawal amount, withdrawal via Skrill processed within three 4 hours. I like their customer support.
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Author of ForexMart: Daniel Timothy | Date 2022-10-25
I have found many advantages with ForexМart broker. As their spread is fixed and the MT4 platform is so advanced due to up-to-date tools, indicators, and software. So trading is profitable, which is beneficial for any scalper. I have a successful trading life with a $500 profit. Last month I had withdrawn $260 from my account through the Skrill account. Overall I am satisfied with ForexМart so far.
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Author of ForexMart: Wemypas | Date 2022-10-12
I have been trading with ForexМart for quite some time now and so far, my experience with them are awesome. . I have never had any issues with execution, spreads are so thin that scalping has never been a problem. I started with $3200 now its turnover around $5400 just in 6 months. Thumbs up!
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Author of ForexMart: Girxa | Date 2022-09-30
I trade with Forexmart for a couple of months and I like their trading conditions, their trading server and best trading platform they provided. I trade via MetaTrader5 and MetaTrader5 Mobile that very user friendly and works with fast execution of trades and real time prices. The most important thing I like is, while trading it less frozen and order execution are mostly executed smoothly. I can earned $2150 - $3500 in every trading, its really make me happy. You guys should try trading in Forexmart.
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Author of ForexMart: Gong | Date 2022-09-25
I enjoyed the deal with the Forexmart broker and I can monitor the live trading activity on the MT4 platform. I have experienced the best pricing quote, fast execution, and fixed spread so far. So I have $200 invested and earned $220 in profits. I have withdrawn $100 profits via the Neteller account. Forexmart has given me a professional support service, they have well regulations too. Actually, I recommend Forexmart broker.
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