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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 6269)

Web-site: ForexMart

Author of ForexMart: Quiin | Date 2020-11-26
They have useful advices, offer you timely information, good spread, leverage and bonus after completing lot size. I am also extremely impressed with their fastest Deposit and withdrawal method. I am happy with Forex Mart and the customer service. I just have a small account and the support desk is always happy to help no matter the size of your account. I was very luck to be joining with this broker, because at the beginning when I wanted to try forex trading, I was doubt because I didn't have enough knowledge about forex. I am studying and now I have a good way of trading. Thanks to the analysis they provide and they are very responsive. Just only 3 months, I've been getting quite a lot of profit.
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Author of ForexMart: Petek | Date 2020-11-24
What I love the most about Forexmarket is their simplicity. Their website is simple which makes it easy to navigate. Even their platform is not complicated making it really easy to use even for first-time traders. So far, I have been trading with them for almost a year and I don't have any trouble in my trading activities.
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Author of ForexMart: Gwen Sutton | Date 2020-11-22
I say Forexmart give me super service on the MT4 platform in the market so far. Really their fixed spread and the fastest execution helps me to earn $450 in a micro account. I have observed that all of the execution of my orders happen instantly on the MT4 platform, Also I can use their awesome tools and analytical indicators. So I have earned $437 on trading and I am happy with Skrill payment system. Because always I have withdrawal my profit within a day. Really I am satisfied with Forexmart broker and recommend them to other traders.
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Author of ForexMart: Miyah | Date 2020-11-12
One of my friends suggested me to open an account at ForexMart. He said trading at ForexMart is easy and profitable. Then, I started to open an account and trade with ForexMart. I found past order execution and no slippage, real pricing, and no requotes so far. Really, trading with them is beyond expectations. It's so amazing. I got a welcome 30% deposit bonus and started to trade with that. So far, I never encounter a significant problem. I will keep trading with ForexMart for sure.
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Author of ForexMart: Amogh | Date 2020-11-10
The payment options at ForexMart are wide and it is a good thing as it allows accessibility. The starting capital required is also low making it favorable to beginners. Even their website is very easy to navigate as its design and layout are simple. But I think they can still improve its design just to leave more impact.
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Author of ForexMart: Ceres | Date 2020-10-28
I am happy that I chose ForexMart among many Forex brokers. This broker is very accommodating to beginners. I appreciate the responsiveness and professionalism of their customer support team. As a beginner, I need a lot of assistance and their representatives are very patient with me. Now I am doing much better and it's all thanks to their help.
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Author of ForexMart: Duarte | Date 2020-10-27
I started trading with their demo account I feel all is superior, spread are best on major pair. Now am using their MT4 New Grade account which makes me quite happy because my $5000 deposit takes only 15 minutes to come up my trading account. Forex Mart has excellent execution, no requotes, and tight spreads. However I am very satisfied with their service.
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Author of ForexMart: Keleman | Date 2020-10-14
ForexMart requires a very low minimum deposit which makes it suitable for new traders. Even their website has a minimalist design which makes it easier to navigate. Although, it would be better if they can improve on the design more as it doesn't leave much impression.
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Author of ForexMart: Romie | Date 2020-10-13
I like to trade with ForexMart. Their trading system is easy to use. Slippage happened sometimes but acceptable. During the trading news opened two order on AUD/USD pair using my EA, and I made profit $670 in these two trades. Withdrawal were processed in 3 hours via Neteller. I'm so satisfied with ForexMart service. Only $1 minimum account size and their fast withdrawal process. I have calculated my profit since I join ForexMart, it's around $4000.
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Author of ForexMart: Irum | Date 2020-10-01
The customer support team of ForexMart deserves to be commended. They are very prompt in answering their client's concerns. In my case, whenever I have a question, I always ask them through the live chat and it is great because I do not need to wait for too long before a representative attends to me.
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