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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 6336)

Web-site: ForexMart

Author of ForexMart: Yeshua | Date 2022-08-11
ForexМart is the best broker I have ever traded up to now. Their MT4 trading platform execution speed is so fast, they offer many different methods to all their clients and a wide range of trading instruments to trade with, the Web Trader platform is also very convenient too. The deposit and withdrawals are very convenient. For me, this is the best broker.
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Author of ForexMart: Ferdy | Date 2022-08-08
I have been trading with ForexMart since 8 months ago, and I'm consistent with my MT4 account. The MT4 platform is stable, working fine with real-time quotes and low spreads. They also have fast order execution. I have calculated my profit until now, it's already around $200, and I can withdraw it easily. and also it has a very convenient administration panel. Forexmart is constatly in my list of top brokers. Not obly because of its conditions, but also innovations in forex.
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Author of ForexMart: Hakan | Date 2022-07-28
I am pleased with scalping trading at ForexМart broker, As my orders execute instantly on the MT4 platform and I can use many useful tools and technical indicators in their live price chart on high and low timeframe. So I can make profit nad got a satisfaction. Especially their withdrawal and deposit are very fast via Skrill or bank transfers. So I’m satisfied with the ForexМart broker and I have no plan to change them!
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Author of ForexMart: Luu Han | Date 2022-07-25
Trading with ForexMart is completely enjoyable, I can open an account easily with a minimum deposit of $1 and start to join forex trade. They provide the best and most professional services to clients. I can create my own strategy based on their clients or the ForexCopy system. When I won a trade, I was given more bonuses from ForexMart. I'm enjoying my trading and keep going on trading with ForexMart.
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Author of ForexMart: Ehabon | Date 2022-07-14
I select ForexMart due to their diversity of services and bonus programs. Their quality of execution is top class and the best thing is their fixed spreads. Deposits and withdrawals are quick and stress-free. In addition, they provide fund safety features in which I know my account is secured.
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Author of ForexMart: Mantis | Date 2022-07-12
I can make a profitable trading history with ForexMart broker on their MT4 platforms. I've deposited only $100 in an ECN Account, My deals are appreciable good with their fixed spread and fastest execution on the platform. As I can earn $500 and I am able to withdraw all of my profits via the Skrill account within a day. So I feel happy about a profitable investment with ForexMart broker.
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Author of ForexMart: Mustan | Date 2022-06-28
My friend recommended ForexМart to me and I am so grateful that I listened to her encouragement. ForexМart broker provides amazing trading conditions and they are even generous. They offer bonuses that are very beneficial. I started my trading with ForexМart after I tried my trading on demo account for few months. As I see their platform on real account are same as in the demo account. So far, my trading is going smoothly but not getting profit yet. No significant problem too. ForexМart is recommended.
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Author of ForexMart: Dino | Date 2022-06-28
I am dealing with Forexmart broker and They have a good reputation in the market. Although I have seen that the order execution is fast and the platform is advanced with a lot of tools. Besides their news notification and analytical reviews are profitable too. They have given me the fastest payment service through Skrill. So I am pleased with Forexmart broker
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Author of ForexMart: Kamshy | Date 2022-06-15
ForexМart the best fx broker that I have come across. Quoting is very rarer; many scalpers work with this broker. Another advantage is a possibility to deposit and withdraw funds via Skrill payment system. What’s more, they also have met the needs of traders. The client staff is always quick and provides correct assistance.
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Author of ForexMart: Muhsin | Date 2022-06-15
ForexMart is a reliable broker, they have a wide choice of packages of services. Realistic spreads, excellent trading platforms, and a helpful support team. Several ways to deposit and withdrawal and withdrawals takes only one day. I started trading with ForexMart x in order to try them, but for now, I have no problems with them, ForexMart suits me well.
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