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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 6302)

Web-site: ForexMart

Author of ForexMart: Rosa | Date 2021-07-16
ForexMart is a fair and honest broker. They might just appear dull with their simplistic website design, but their trading services are excellent. I have been with them for over a year already and I never experienced any issue in my trading activities.
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Author of ForexMart: WaddawFX | Date 2021-07-15
I'm so happy to trade with ForexMart. I can say that ForexMart is a good broker since my trading experience with them is pleasant. I have experienced their trading platform, and it's working smoothly, no slippage, and stable. Their spread is low, and their leverage is competitive. Their SL and TP are working great. It's also easy to withdraw with them, I can get the money after 6 hours I send the withdrawal process via Neteller. I'm definitely staying with ForexMart.
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Author of ForexMart: Markanizer | Date 2021-07-06
Thanks to ForexMart has a lot of tutorial videos on YouTube and website on how to trade and I have followed them. I have invested $500 in my trading account. I used their web-Trader platform and here they provided a wide range of trading tools. Till now I have profited $420 f so far. Actually, I am a newbie and want to trade with a ForexMart broker.
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Author of ForexMart: Mamoona | Date 2021-07-05
I started trading at ForexMart three months ago. I was able to open an account with them so easily because of their affordable and simple account registration process. Even their trading environment is not intimidating so I was able to adapt well on my trading activities.
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Author of ForexMart: Ederbez | Date 2021-06-29
I'm a beginner trader, and I found ForexMart as a broker for me to begin my trading. The first time, I tried on their demo account for few months and learned more about forex. Few months after I tried a demo account, I opened a real account, and I'm so satisfied because they provide the same services as in the demo account. So far, I never experience any trouble or slippage. Their support team also reliable and helpful. Hopefully, ForexMart will keep providing the same service. So I will keep trading with them.
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Author of ForexMart: Rosmet | Date 2021-06-22
I started my forex career around five months ago with ForexМart. First months, I lost around $245 for my fault because I have not that much idea about analysis. When I tell them about my forex unawareness they advise me to follow their analysis section. Trading according to their analysis and I got a good consequence. Now my majority of the trades are profitable and I made $487 from $700 just in two months. I also able to recover my earlier loss. Another thing is that last week my first withdrawal about $300 via Netteller that takes about 3hours to be done.
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Author of ForexMart: Noel | Date 2021-06-16
I have just started with ForexMart since last year, and everything is perfect, especially in withdrawing. I have worked with Tenko MT4 Platform for a year and so far don’t face much issues of it. Thanks so much to this broker which able to provide a good trading MT4 platform. It is recommended to try out this broker for those who is still looking a platform for forex trading activities. Trading platform is easy to use and less complicated compare to others.
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Author of ForexMart: JohnFx | Date 2021-06-09
I have trade with ForexMart broker in a mini account. Really I enjoyed their service, As I got the fastest execution on the MT4 platform. So I can open or close my orders at the accurate position or where I want to set them. I can earn $50 so far. Honestly, I never had any technical problem with them or I hadn't any financial issue on my withdrawal via the Skrill account. Their payment is proceeded within 4hours after requesting. So I satisfied with the ForexMart broker.
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Author of ForexMart: Willem | Date 2021-06-08
My trading experience at ForexMart has been very pleasant. I haven't encountered any issue while doing my trading at this broker. Also, their trading conditions are favorable to short term traders given that they have very low trading fees.
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Author of ForexMart: Kenzo | Date 2021-06-02
I started open an account at ForexMart 2 weeks ago. Their minimum deposit is affordable for me, And their trading conditions also good. I'm using MT4 Platform, and the platform is working well and user-friendly. The first time, I feel a little bit confused about their platform, but their support team is amazing. They taught and guided me. ForexMart provides news and analysis also helpful trading tools. They are perfect for beginner traders.
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