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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 6330)

Web-site: ForexMart

Author of ForexMart: Jemmy | Date 2022-04-28
I can earn money with ForexМart broker, As I got an up-to-date tool, indicator, and software advantages on their platform and it is beneficial for me. Also their fixed spread, market analysis, deposit bonus, educational materials, and solid order execution on the MT4 platform. So trading is easy and profitable for me. This brings me $300 so far as a successful trading life. I had many withdrawals through the Skrill account. Overall I am satisfied with ForexМart broker.
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Author of ForexMart: Elliya | Date 2022-04-21
I'm trading with ForexMart for a year and I always feel satisfied with their services. I'm trading using the MT4 platform and I successfully have a stable income now around $200 monthly. Thanks, ForexMart for providing good services for the clients, I hope ForexMart will always keep their good services especially improving their trading platform quality to become more reliable broker.
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Author of ForexMart: Uepat | Date 2022-04-13
None of the other brokers even compare to ForexMart when it comes to their spreads. I am very pleased with the quality of the platform and trading environment given. Moreover the support was very good and helpful. I am pleased and very happy with the exceptional service.
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Author of ForexMart: Venus | Date 2022-04-07
ForexMart is my most trusted broker since they really make sure that my funds are secure and I can easily transact at any time of the day. They are always ready to help us. Withdrawal is very fast. And I have never faced any problems with it. There is no restriction to scalp, that is why my trading is very profitable. Everything went smoothly and the many benefits that I got from ForexMart. Trading I do with a $200 deposit and the process is not too long until withdrawal. I did request a withdrawal after 4 days and the profit that I get almost $250. Thank you ForexMart.
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Author of ForexMart: TurukMakto | Date 2022-03-31
I was dealing with several fx brokers and ForexМart is a profitable broker to me so far. My first investment was $100, I was so happy to get a deposit bonus. Last two months of trading experience with them, they never increase spreads during a highly volatile market, no stop loss hunter, no interruption in filing orders, and are always able to get out of the trade when I am in profit. Recently I made a withdrawal request of $150 from my profit and they paid it within this day via Neteller. I am very satisfied with InstaForex and definitely, I will invest more with ForexМart.
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Author of ForexMart: Djorgy | Date 2022-03-24
I'm trading with ForexMart since last year, and I'm happy to trade with them. ForexMart is a professional broker, they are always being transparent to their client about fees and rules. I'm trading currency pairs and gold, the result is so pleasant. BEcause their trading platform is working stable and great, I'm able to get a profit monthly. It's also easy to withdraw the funds. Nothing to complaint ForexMart, I'm totally satisfied.
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Author of ForexMart: Toaimu | Date 2022-03-16
ForexМart is a broker that I can really trust. Excellent platform, very fast execution and spreads are very reasonable. I never had a problem with withdrawal or deposit, execution of orders is superb, excellent support and rich list of instruments. I respect ForexМart for their professionalism.
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Author of ForexMart: Barred | Date 2022-03-09
It’s all good for me and also newbies everybody who can make some extra money and trade with it. I like their platform MetaTrading 4. I deposited $500 and my first profit was $150 in the first week. I trade two currency pairs USD/GBP and USD/CAD. I had an option winning profit in amount of $100. Besides, their trading platform works very well especially their MT4, I've never experience any technical fail so far and the execution in every withdrawal and deposits is fast and always worked well.
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Author of ForexMart: Niqortm | Date 2022-03-02
My view about ForexМar is that it is a reliable and professional broker, As I have traded with them for a couple of months and I have experienced smooth order executions and reliable withdrawal processing by ForexМart. They have advanced trading tools and many services in one Trading platform too. I have invested $500 in a Mini Account and till now my total profit is $287 so far. I found their staff is friendly too, if I have any issue then they solve it instantly and commit to satisfying my trading journey.
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Author of ForexMart: Namjook | Date 2022-02-22
So far, my trading is going smoothly with ForexMart. I joined them 4 months ago and faced an issue beginning with data validation. But after they solved it, my trading went normally. Their platform is also easy to use, has instant order executions and low spreads, and the deposit process is fast. Overall I like to trade with ForexMart.
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