On-line since: 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.
9/10
(votes 6293)
Web-site: ForexMart
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I can say that ForexMart is a reliable and professional broker in the market. My trading with ForexMart is going smoothly so far. I'm totally enjoying my trade with them. They always provide excellent services, including good trading conditions. They have fast order executions that make me always got the right positions. The withdrawal process is also fast, and most important is the trading cost is low, and there is no hidden commission.
The only thing that I think still needs improvement with ForexMart is the design of their website. They can make it more appealing. But, the simplicity of their website is also what makes it easier to navigate. In terms of trading tools, this broker does not disappoint. They offer great deals and I am progressing well with this broker.
No hesitation to say, ForexМart is the finest broker in forex market. Quick on opening new account, deposits via Neteller is almost instant, no hidden fees and swap-free available up on request. They offer me 30% instant bonus on my every top up. Their customer service department is well informed and dependable. I am fully satisfied with ForexМart.
All the trading conditions are reasonable and no leverage, and the minimum account size starting from $1. Their trading platform works very well especially their MT4, the trading conditions which they offer including a low spread of 0.1 pips for EUR/USD. I trade on the MT4 platform and it works fast with no re-quotes and real time prices. I've never experience any technical fail so far. I don't have complained and I recommend Forexmart because is transparent. I already made several withdrawals and got my money within one day.
ForexMart offers a simple yet productive trading experience. This broker is most suitable to novice traders because their tools and platform is easy to use. Also, their customer support team has a high response rate and we can reach them anytime of the day.
I'm delighted to trade with ForexMart. Last year, I started to open an account at ForexMart and trade with them. Their MT4 platform is working awesome, and it's easy to use and interactive. The spread is low, and they have fast order executions. I have set a customize EA as well, it's working correctly and profitable. I have already made a profit of more than $800 since I joined them with an easy withdrawal process. I'm also so pleased with their customer support, they are so friendly and always available when I need help. No words to complain to them. ForexMart is a reliable and trusted broker.
Some of my colleagues are hesitant to open an account at ForexMart because their website is not as appealing as the other brokers. But for me, what's important is the quality of services that a broker provides. And this broker is giving me just that. Of course, it will be so much better if they can improve on their website design.
I had an problem with ForexMart on 5th February, their server get trouble and I was unable to login into my platform when I was trying to close my position because that trade was on loss. It made me angry for the first, but this broker really honest broker and made me impressed. They reverse my entire fund that lost on trade while the server error and also they did apologies for this situation. After that I never get an issue with them. ForexMart is a good broker.
I'm sure if joining ForexMart the gains could be in accordance with the desire of traders. I think this is the best broker because only 2 pips that can make better in trading so it can make good for scalping trading in the using for the daily trading. I can recommend Forexmart to all. The trading system of this broker is very good. The minimum account size of this company is also affordable and I have nothing to complain because their services are reliable. Everything is smooth. I don't have any problems with them because they are very accommodating. The trading platform is free from bugs.
Without a doubt, ForexMart is a broker that is worth trusting and investing in. I have been with them for almost a year now and I learned about it from an acquaintance. My trading journey started with this broker and I am very grateful that their trading conditions are beginner-friendly.
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