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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 6276)

Web-site: ForexMart

Author of ForexMart: Rosie | Date 2021-01-20
This is the best that has happened to me. Opening an account at Forexmart is a great decision. They provide a simple yet functional trading environment. Their tools and platforms are also very easy to use.
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Author of ForexMart: AlanDjana | Date 2021-01-18
I say ForexМart is a reliable broker, as they provided a stable platform and professional service in the market. I have a micro account, where the spread is fixed, As my trading experience is profitable by using an EA. 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: Ryo | Date 2021-01-11
I have no complaints about my trading activities so far. I have been joining ForexMart for four months. And I can make around $400 every time I trade. After I send a withdrawal request, they only need a few hours to send the money I request. They provide satisfying service, which makes my trading activities easier.
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Author of ForexMart: Oleen | Date 2021-01-06
A year has passed since I started trading with ForexMart. This broker does not disappoint as it always provides profitable trading conditions. The only concern I can have is that their customer support representatives from the live chat sometimes take a while to answer. I am expecting them to be more prompt when responding to messages.
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Author of ForexMart: Wamiul | Date 2021-01-04
I have only positive impression with ForexMart. I made small deposits of 300$, and got them back into my Skrill account after 20 minutes with 30% welcome bonus. I really enjoyed to trade with their 55%. In addition, I never had any trouble with the executions, quick and no requote, very fair pricing. ForexMart is recommended forex broker.
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Author of ForexMart: Eugine | Date 2020-12-23
Every trading brings me almost 50% profit with only $1000 deposit. It's very profitable trading with Forexmart. While I can withdrawal my profit through Skrill payment instantly and I didn't get any issue yet. It is impressive because there were no lags during her trading activity. My strategies working excellent with their MetaTrader 4 platform. two months later I deposited $2300 and had a profit of $1200. Overall I say their activities as like a professional broker and run my bussines smoothly in the risky market.
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Author of ForexMart: Zahari | Date 2020-12-22
The reason I opened an account at Forexmart is the fact that they are very welcoming to beginners. I spoke with their representative and he was very nice. He told me that I do not need to invest a huge amount right away and that I can just try it out to see if trading would work for me. That's what I did and with the help of their Forex education, I was able to do well in my trades.
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Author of ForexMart: JenO | Date 2020-12-21
I've started trading with ForexМart broker and till now I've got the best service from them. Their MT4 platform is stable and it is included with helpful tools and analytical indicators. So I can open a deal in my desired position without any slippage or re-quote. Beside their payment system has many getaways and I've chosen the Skrill payment system. Overall I am pleased with my payment within a day. So I think, “ForexМart's service and platform execution are reliable in the market.”
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Author of ForexMart: Uniqua | Date 2020-12-09
ForexMart has a low minimum account size, which is affordable for me. I was interested and opened an account at ForexMart. Started trading, and everything went smoothly, deposit and withdrawal are efficient, although customer support is sometimes late in responding. Overall, I like trading with them. I hope they will improve their customer support service.
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Author of ForexMart: Frannie | Date 2020-12-07
ForexMart offers amazing brokerage services. Their initial deposit requirement is very low which makes it a lot easier for beginners to start their trading journey. The trading platform is also stable although I do not recommend using it during news announcements because it freezes and crashes. You might only end up losing your trades.
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