On-line since: 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.
9/10
(votes 6510)
Web-site: ForexMart
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The minimal minimum deposit makes many traders interested in joining ForexMart. They also offer very favorable trading conditions. Traders are also given a choice of accounts so that traders are free to determine which account they want to use. I am still looking for more information about forexmart in more depth. Hopefully this broker will be part of my success in trading.
Forex Mart is a trusted broker. I never face any problem during my trade. Their withdrawal process also fast.
Forexmart becomes a broker that has traders because of their many promotions. But I still have difficulty understanding some of the terms and conditions they provide. I have to know what the terms and conditions are if we want to benefit from the promotions they provide. Hopefully customer support can help me.
I experienced that ForexМart is a profitable broker in the market, they never increase spreads during a highly volatile market, no stop loss hunter, no interruption in filing orders, and always able to get out of the trade when I am in profit. Recently, my $500 investment reached $1000, I am happy with this trading experience. I made a withdrawal request of $150 from my part of my profit, and they paid it within this day via Neteller. I am very satisfied with InstaForex, and I will definitely invest more with ForexМart.
This is my favorite among online brokers because of the wide range of tools and because they support MT4 and MT5, which allow for trading and technical analysis. I haven't noticed any issues during the long time I've been using it.
I trade using MT4 trading platform which allows me to monitor up to four charts in parallel. The platform is really stable. They also offer a welcome 30% deposit bonus and a non-deposit bonus up to $150. While, for deposit and withdrawal, we can choose; bank cards, wire transfer, and electronic payment systems such as Neteller, Skrill, PayPal, and Paxum.
As far as I trade with them for a month, I have gained $10K profit. The withdrawal process is fast. I'm satisfied.
I can earn money easily in the risky market with ForexМart, As they provide LIVE prices, up-to-date tools, and indicators on their platform and are easy to use. Also, their fixed spread, and market analysis, are profitable for me. So I recommended ForexМart broker.
I've been with Forex Mart for 2 years. I'm happy trade with them. Their platform is stable, fast execution. Withdrawal process is smooth and fast.
Forexmart is a very trustworthy broker because it has a very good security system. They also provide bonuses. Everything they provide is very useful for traders. Payment methods are made easy. Although they offer many benefits, the profit I get here is not too big so I have to try to organize a good strategy and I hope they can help me achieve trading success.
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