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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 6199)

Web-site: ForexMart

Author of ForexMart: danang prayitna | Date 2016-02-23
great,, awesome, good broker no commission, fast execution, low spread, friendly Support...very recommended
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Author of ForexMart: vivnz | Date 2016-02-23
The services offered by ForexMart are quite impressive. I joined them without hesitations when my friends introduced me to this company because I knew they are honest and won't trick me. The Customer Supports of this company are also professional and knowledgeable. In fact, I asked one of them regarding re-quotes and knows what? I got a detailed answer.
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Author of ForexMart: Mikee | Date 2016-02-22
every time i have trades with this broker i always got good services from the staff. i received bonus when i started depositing on my account now i profit even better. And i can say that ForexMart is better than my previous broker. i hope for more good partnership with them.
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Author of ForexMart: Claire | Date 2016-02-21
I'd like to say that I really enjoy when i'm trading with ForexMart. Its trading platform is easy to use, spreads are low and fixed, even in the release of economic news and, with the flexible leverage, i can increase my margin to keep on trading.
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Author of ForexMart: forexMaita | Date 2016-02-19
I just started trading two months ago and I didn't hesitated joining ForexMart. Verification of my account is fast and with less issues. Their customer support is prompt and patient even I asked too many questions as I am just a beginner. I like their sincerity. I didn't withdraw yet so cannot tell how it is going. But for sure they won't fail me.
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Author of ForexMart: Miho | Date 2016-02-18
ForexMart is a example of a good broker. they offer perfect services for new comers. imagine that you can start with just $1 and also their bonuses really can attract people to join. their no deposit bonus is nice, you can apply for bonus even with out deposit. and now my work is so far, so good !
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Author of ForexMart: Jesusa | Date 2016-02-17
I dont have an overly large account, but they treat me like I had a million investment.Emails and withdrawals are answered and processed promptly and execution never misses a beat.Great execution is a must in trading and if you're a serious trader then these are the mob to choose.
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Author of ForexMart: Chowee | Date 2016-02-17
ForexMart still don't fail on giving good service, I still get immediate response every time i have concerns with my accounts and on having my funds. No issues on getting it. i'll stay with this broker for long time.
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Author of ForexMart: John | Date 2016-02-16
It is nice that even for $1 only i can open an account with this broker.The site offers a lot of important bonuses which is excellent for newbies. They also give me a overall and detail forex analysis, which help me create my own strategy.
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Author of ForexMart: Barry | Date 2016-02-15
I am very pleased with my experience in ForexMart. Always put service to the client so that the client can easily obtain information or facilities. I got $60 bonus the time I funded my account with $120. All my positions got executed fairly and I never encountered delay. The staff are very accommodating and professional. They are very familiar with their offers.
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