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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 6263)

Web-site: ForexMart

Author of ForexMart: Ananya | Date 2020-09-17
I am using my PayPal account to transfer funds to and from my trading account. I am a bit disappointed because there is always an issue when transacting. But in the end, I still get my money so I guess that's fine as well. Besides, in terms of trading activities, this broker is impressive. I haven't encountered any problem in their platform. My trades are made according to what I want.
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Author of ForexMart: Jino | Date 2020-09-16
After 6 months I joined ForexMart, I can say that they are a good broker. The platform is great, they provide fast execution and fixed spreads. Customer support also helpful. Only sometimes, they delay processing my withdrawal. Last time, I made $400 profit and gave it after 3 days. But I still recommend ForexMart because they don't take any hidden commissions.
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Author of ForexMart: NazranFx | Date 2020-09-06
Actually I tried many broker for fx trading but Forexmart one of the best in fx trading. They give me $50 bonus for registration this that was wonderful. Every time my orders are execute on my set time and my most of the trades are profitable. I earned $180 justin 18 days. I did not withdraw money yet. But I hope will not regret me.
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Author of ForexMart: Moni | Date 2020-09-04
I am using my Skrill account to transfer fund to my trading account at Forexmart. So far, I haven't had any problem with the transactions. Funds are being transferred quicker than the estimated time. I also love using their platform because it is easy to operate.
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Author of ForexMart: Beha | Date 2020-09-03
For me who lives in Cyprus, only this broker offers a minimum account of $ 1. I have been trading with them for almost 2 years. My first deposit was $ 50 and I've already made more than $ 1000 in profit. Besides the 30% bonus and the stability of MT4, responsive client service is the most important thing for traders. And I feel that Forexmart has those things.
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Author of ForexMart: Gwaeny | Date 2020-08-24
I have indeed made profits many times. However, they are constrained by time for WD. It took about 2-3 days to send to my account. I last earned $ 795 1 week ago, but I only got it after 3 days. But forexmart still recomended for you.To withdraw I used my Visa Credit card. The broker doesn't have hidden commissions. I recommend it.
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Author of ForexMart: BUSAYO | Date 2020-08-24
I am happy to trade with Forexmart platform because here my order execution is perfect position and their fixed spread is risk-free, while I can found up-to-date tools and familiar indicators on the platform too, which helps me for earn $468 dollars successfully. I can withdrawal my profit through the Neteller account. So Forexmart 's all services are transparent and professional to me. That's why I hoped to continue trade with them.
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Author of ForexMart: BUSAYO | Date 2020-08-24
I am happy to trade with Forexmart platform because here my order execution is perfect position and their fixed spread is risk-free, while I can found up-to-date tools and familiar indicators on the platform too, which helps me for earn $468 dollars successfully. I can withdrawal my profit through the Neteller account. So Forexmart 's all services are transparent and professional to me. That's why I hoped to continue trade with them.
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Author of ForexMart: Marilyn | Date 2020-08-21
Forexmart is my first broker. I learned about this broker because one of my colleagues told me about it. Honestly, when I visited their website, I found it to plain and simple. I would have thought twice if it wasn't recommended by someone I know. Gladly, I listened to my colleague. Now, I am trading for almost a year and I can say that I am earning better than I expected.
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Author of ForexMart: Saedein | Date 2020-08-05
I started work with Forexmart from last seven months and still working with this broker cause they are best they offer minimum spread and best offers every month to their clients. I totally love their trading conditions that are very pleasant with withdrawals process run fast without fees and when I use wire transfer payment instrument, they gives me bonus. I will keep on improve and learn new strategy to get more profit and bonus in this broker.
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