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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 6312)

Web-site: ForexMart

Author of ForexMart: Salma | Date 2021-09-15
For the past weeks, I was following on a daily basis series of technical and fundamental analysis on USD and GBP crossed. And yesterday and today cashed in some pretty decent profits - $1000 and $1500. Hope for the same outcome next week. I really enjoyed to trade with their 120% hot bonus. Support and withdrawal system works good.
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Author of ForexMart: Janeen | Date 2021-09-14
ForexMart has been my broker since 2019. This company has been taking good care of me. They provide learning materials to further enhance our knowledge in trading. Their platform is also stable and the spread remains tight. Withdrawing the profits is also efficient. I get mine within just 48 hours.
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Author of ForexMart: Zodhu | Date 2021-09-14
I have been doing forex trading for almost two years, but only the last few months I found a comfortable broker for trading. Now I am very joyful to find ForexMart end of the day, I really like the service. , They provide $50 no deposit bonus instantly. Their MetaTrader4 terminal really executing fast and the spreads are great.. Right now, they ready to provide different kind platform including web trader. They deserve 5 stars.
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Author of ForexMart: Nazar | Date 2021-09-10
Personally, I have been trading with them as a member and as affiliate. I have never faced any kind of issue from account opening to withdrawal requests. I was satisfied with the services provided ForexMart. Every time I contacted customer support, they respond directly what I asked. Trading is always smooth and no problems. I continue trading with this broker. withdraw the bonus of $90 and after 5 days receive $160 profit. I recommend ForexMart. Much better than my previous agent.
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Author of ForexMart: Katiejohn | Date 2021-08-31
ForexМart is a reliable broker, as they provided professional service in the market. I have a fixed spread account, where my trading experience is profitable due to the fastest execution and EA facilities. Also, their MT4 platforms are high tech with stable server and profitable tools. I can deposit or withdraw my money via Neteller or Skrill payment system within a day. So I say Forexmart is a safe and excellent broker.
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Author of ForexMart: Manuel | Date 2021-08-31
When I was only starting at Forexmart, their customer support team was a little slow in responding to messages. It was a little disappointing back then but it is great that they are improving now. I can see that they are now prompt in responding.
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Author of ForexMart: Aslam | Date 2021-08-27
Since I joined ForexMart. I found their fast order executions on their platform, no slippage or requotes happen so far. I like to trade with ForexMart because they have a small minimum account size that is affordable and low risk for beginner traders. I'm a beginner, and I want to thank ForexMart because they are guiding beginner traders in the forex world. They also provide technical analysis that is really helpful for beginners. Good broker and recommendable.
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Author of ForexMart: Bidisha | Date 2021-08-18
I can say ForexМart is a very appropriate broker for all traders. It has MetaTrader 4 platform, which is very great. They keep a fixed spread that is ideal for me and the execution time is very good. Client Support is knowledgeable and dependable. So I am OK with ForexМart. No problems so far.
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Author of ForexMart: Julian | Date 2021-08-13
I don't have a bad opinion about Forexmart. About their website is clearly managed well and the design is pretty well too. I have a year trading on Forexmart. I like with some features, especially is forexcopy. this gives me an added advantage besides profit and bonus. I have also invited my colleague to take part in Forexmart partnership. Their spread is competitive starting from 2 pips for major pairs and there is no commission charge for overnight position.
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Author of ForexMart: Everlyn | Date 2021-08-13
If you are a beginner, you will love trading at Forexmart. They have a simplistic interface and an easy to navigate website. However, they don't offer another trading platform aside from the MT4 and there is not much trading instruments to choose from.
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