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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 6208)

Web-site: ForexMart

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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Author of ForexMart: SharonFx | Date 2017-05-30
I say Forexmart has a great platform to trade on time with fair trading condition and transparent payment system. I am trading a micro account with Forexmart since a year and never got a re-quote price or different spread on the platform.My trade always executed in the perfect position, where I want to open my order. I like their fixed 3 pip spread on all pairs with major pairs EUR/USD, GBP/USD, EUR/JPY too. Although I don't have a little technical issues with them. So I must say that Forexmart is a profitable and secure company. They have all established payment gatway to deposit or withdraw. My transaction happens through Skrill. So I am so satisfied with Forexmart services till now.
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Author of ForexMart: Hyna | Date 2017-05-11
I have been trading forex with ForexМart since August 2016. I used demo account almost 4 months because I prefer to learn and get use with all the trading tools inside the platform. Now, I already moved to real trading account and making profit with ForexМart. Even, sometime loss occurred I will keep on improve and learn new strategy. I have made 6 times deposit and it took only less than 1 hour to be credited to my account. I have been trading my favorite pair EUR/USD and only offer 2 pips on it. My experience with ForexМart has been really excellent.
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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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