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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 6218)

Web-site: ForexMart

Author of ForexMart: Kornelia | Date 2019-11-01
With my trading experience on Forexmart platform, I will say this is an excellent broker, with good services, I have made deposit twice and I registered with pamm trader on their platform, who has been able to make substantial profit of $300, after I invested $500 with him, all thanks to Forexmart platform, even withdrawal through skrill which I made two days ago was very fast. Hope this broker will improve their performance.
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Author of ForexMart: Kartika Nisa | Date 2019-09-20
Before Forex Mart I was try more than 3 other option trading brokers but it’s better than best. They give me $100 dollar bonus for first signup this that was remarkable. As far as trading goes their option trading platform is outstanding clean charting and easy to navigate. Two months ago I have invest $1000 and every month I gain around $300 regularly. First time was an error from their payment processor. Once all my documents was approved by verification department my withdrawal was processed within one day with no issues. They treat their trader so nice.
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Author of ForexMart: Otunba | Date 2019-09-15
ForexМart is a reliable broker, as they provided professional service in the market. I have a fixed spread account, where my trading experience is profitable due to the fastest execution and EA facilities. Also, their MT4 platforms are high tech with stable server and profitable tools. I can deposit or withdraw my money via Neteller or Skrill payment system within a day. So I say Forexmart is a safe and excellent broker.
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Author of ForexMart: Sitio | Date 2019-05-31
My trading experience at ForexMart is fruitful. I started here a year ago and I had never encountered any extreme issue in my trading activities. But recently, on my last withdrawal, the release of the fund took quite a while-- almost two weeks. They sincerely apologized for the delay and carefully explained to me why it happened. So I let it pass. Still, I'd like to commend this broker for having an outstanding customer support team.
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Author of ForexMart: Uima | Date 2019-04-30
ForexMart is one of the most trusted Forex brokers for me. This is my fourth broker and this is the only one that provided a stable platform with no lags and slippage, a reliable customer support that we can approach anytime, and a tight spread. However, I must admit that it still has some limitation in terms of the trading instruments available. There is also not much of educational materials available. Nonetheless, my trading experience is still pleasant.
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Author of ForexMart: TimurHan | Date 2019-04-17
I've experienced a better performance with ForexМart broker. Especially their MT4 platforms are stable, which has the fastest execution with many features. Their spread is fixed, so I had set an EA, but the trading function isn't easy for me. As I've depended on manual trading. So I've followed their technical analysis and made $450 profit so far. So I am satisfied and withdrawn $400 profit via Neteller. I think ForexМart is the best.
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Author of ForexMart: Michael | Date 2019-03-18
I 've found a better result with ForexМart broker in a fixed spreads account. Overall my trading experience is satisfied with they're a lot of service and features. their server is stable, so the platform has the fastest execution, Also it is included with much technical analysis and indicators tools too. Even I have used Expert Advisors (EAs) in my trading. Till now my EAs works and getting $372 profit so far. I've withdrawal almost my profit via Neteller. I know ForexМart have CySEC regulation and they are safe.
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Author of ForexMart: PearlJarl | Date 2019-01-27
I have experienced that ForexМart broker's service is outstanding on the MT4 platform. Which always have fixed spread with up to date market quote. So they have the fastest ECN execution in the market. I have used a mobile app too. So I can trade from anywhere by using this platform. They have transparent transactions via Skrill. So I can withdraw my profit within 2 hours. Actually, ForexМart is a perfect and professional broker.
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Author of ForexMart: AdyVee | Date 2019-01-16
As a professional trader, I say Forexmart's MT4 platform is stable than others brokers. Because always I get the real price quote and best execution, Also their platform is ultra modern with current news, profitable technical analysis, helpful trading tools and analytical indicators. So I can open an order instantly ay my desired position so far. Also, I am satisfied with their payment system, As I can withdraw my profit via Skrill payment system within a day. Overall ForexМart's broker fixed spread and service are fair to me.
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Author of ForexMart: JoshuaBruce | Date 2018-12-06
As a new broker in the market, ForexМart has so much stable and reliable platform for trading to me. I prefer them due to the tight spread and best execution all of my positions, most of them were perfect. In the platform, I have found best graphing charts and I have used their one-click trading tools, which is amazing tools for open or close a trade instantly. So I say ForexМart's service is professional, they helps traders by given analysis and all their pricing always fixed on the platform. I can withdraw my profit safely via Skrill payment service so far. Actually, the ForexМart broker has outstanding platform, which needed for any traders to make a profit in the forex market without any trouble.
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