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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 6195)

Web-site: ForexMart

Author of ForexMart: axan | Date 2017-05-02
I decided to fund my Forexmart ECN standard account 3 days ago and I transferred my starting capital thru Megatransfer. Am very happy because they instantly credited the money to my newly opened trading account. I tried to exit my profitable trades today ( AUS/USD and USD/CAD) and am very surprised because they honored my orders in 5 seconds. My first day of trading with them was very profitable. Now, am trying to participate in one of their trading competitions. I am also planning to apply for the partnership program of this company to get more rebates.
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Author of ForexMart: Shawn_fx | Date 2017-04-27
ForexMart support is helpful, but as I am a newbie I started in their demo account and checked their educational material, that unfortunately is not good, is weak and doesn´t have the information in detail a newbie like me needs, unfortunately i will have to use another broker material, they offer a lot of advantages, as for example a bonus with no deposit, I am on the way to conclude my verification and who knows soon I will test their trading platform in a trading account.
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Author of ForexMart: drowpip | Date 2017-04-25
I am a client of Forex Mart for over 1 year and I am very pleased with their services. I opened a live micro account after one friend recommended and my first deposit was 150$. For deposit I used PayPal.I applied also for 50% welcome bonus and was credited in my account in the same day. The platform MT4 is working with fast execution of trades, real prices and no manipulation during volatility times. I trade major pairs EUR/USD,USD/CHF, and exotic pairs USD/DKK, USD/NOK. During the first 5 months I didn't had an EA and my profit was 1200$ now with the help of one bot I make 1500$ monthly. The support team is friendly. The process of withdraw it takes up to 2 working days and it doesn't have hidden commissions. I recommend the broker!
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Author of ForexMart: Anne | Date 2017-04-22
I have been trading with ForexМart for 6 months and I am totally satisfied with technical support department. I had issues with my custom EA with their platform. I inform their technical support about this issue they check my EA’s script and they found some error in my script and help me to fix it. Now my EA is working perfectly and I am able to making profit continuously. Moreover, their server is very fast and 2 pips spreads on the major pairs. I recommend ForexМart!
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Author of ForexMart: June | Date 2017-03-21
I am pleased to write a positive review of ForexМart. For 4 months of trading with them, I learned a lot and experienced to be a better trader. My account number is 4235886 and started out with $50. Everything went fine and even my account manger has been very helpful and professional. The trading conditions were good and never got any requotes. The withdrawal and deposits are fast and I used PayPal so it can process quickly. I increased my funds to $450 now and so far my trades are doing better because their platform and charts are fair.
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Author of ForexMart: Ashley | Date 2017-03-16
Forexmart is good broker with good opportinties. I have good experience while working with them and still working. Trading conditions are one of the best among other brokers, beside this there are many bonuses for newbies.
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Author of ForexMart: Tommy | Date 2017-03-13
Their Demo account has a double purposes you can win thru their MoneyFall Contest and at the same time you are practicing before going to a live trade.This is a genius approach.
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Author of ForexMart: MiriamMbeya | Date 2017-03-05
ForexMart is best broker I have ever come upon. Basically I use VPS hosting to trade with my own EA. Before ForexMart I used other brokers VPS hosting and I found that my EA executed orders very quick in ForexMart VPS hosting. It takes 1ms for an average order from my submission to be live on the server. I also like their affiliate programs. I got $250 rebates in February 2017. As a trader, any additional cash benefits is excellent for me. Despite that, ForexMart is a new broker they are doing very well.
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Author of ForexMart: Franco | Date 2017-03-03
In my opinion, ForexMart is a good and reliable broker in my trading career with 6 years. Thus, I have traded with many brokers, and some brokers gave me a hard time in trading. In last year, I was referred to ForexMart by my friend and then I opened account with this broker. Opening and funding were smooth. Last week, I made a withdrawal profit – 850$, and it took me 3 hours to get money. It’s so quickly, and there has no problem in transferring. In addition, customer service is amazing and average spread seems to be around 0.5 pips for EUR/USD, which is really good. I almost have no major problems with this broker, so until now my fund has been over 950$. The live chat is great, because they answered all my questions wherever I called them. In general, I will keep up with ForexMart, and I highly recommend this broker to all traders.
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Author of ForexMart: BaracunaFX | Date 2017-03-02
I have been trading with this broker since 2013 and I have no doubt that this is the best company to trade with. I have acquired a lot of experience, also, I have gotten good earnings due to nice trading conditions, such as fixed spreads and especially for all aid provided to newbies like I was when I joined it. Client support is always available to help me in all my concerns or problems. At the beginning, I started with a deposit of $100, just to try, but in my first week, I could double that amount, that was great for me! I usually make my deposits and withdrawals by Webmoney and all process doesn’t take more than 3 hours. In addition, up to now, I haven’t experienced any issue with connection to the platform, servers work fine most of the time. I recommend you this broker for sure!
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