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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: Gerrend | Date 2021-10-25
My way of trading is improving a lot thanks to all information I found in its website. Spreads are competitive and all its payment methods are effective. Trading platform that they provide to me is good to use and I can trading without any error like freezing during trading, and the execution is fast enough to take all the orders. So far trading platform is good to use and I’m not face any requotes and platform freeze. Yesterday, I just withdrew my profit $600 when I deposited $850. Their process took me only 8 hours to get money, it’s so quickly. In addition, their customer support is pretty knowledgeable and helpful. My trading involves currency like EUR/USD,USD/JPY, JPY/GBP.
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Author of ForexMart: Sonya | Date 2021-10-25
Before I opened an account at Forexmart, I had quite a difficulty connecting with them. Their representative was a little slow in responding but after establishing communication and when I already had an account, I can already reach them easily.
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Author of ForexMart: Riaz | Date 2021-10-25
I've found a better result with ForexМart broker in a fixed spreads account. Overall my trading experience is satisfied with their a lot of service and features. their server is stable, so the platform has the fastest execution, Also it is included with many technical analyses and indicators tools too. Even I have used Expert Advisors (EAs) in my trading. Till now my EAs works and getting a $372 profit so far. I've withdrawal almost my profit via Neteller. I know ForexМart have CySEC regulation and they are safe.
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Author of ForexMart: Dasmia | Date 2021-10-11
I am happy to find ForexМart . They always honor my Pending orders, SL and TP on a timely basis. You should see how quick my orders are being executed. Their deposits and withdrawals are also quick and so trouble-free. I have referred several traders to trade with them and all of them have been extremely satisfied. I wish all brokers are this way.
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Author of ForexMart: Vilacre | Date 2021-10-11
ForexMart has provided me the trading experience that I longed for. As a novice in the Forex industry, it is very important for me to find a broker that does not try to complicate further the experience. This broker offers a simple platform and even their website is very easy to navigate.
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Author of ForexMart: Brody | Date 2021-10-08
I joined ForexMart 4 months ago. I never encounter a huge or significant problem while trading. Everything on the platform is working smoothly, is easy to use, and stable. I'm trading some currency pairs using the MT4 platform. Their client support team is also smart and helpful. Overall, I like to trade with ForexMart, and I just hope that ForexMart will always have excellent services like that.
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Author of ForexMart: Kol | Date 2021-09-27
I just withdrew my profit $500 in 3 days ago when I deposited $350. Their process took me only 5 hours to get money, it’s so quickly. In addition, their customer support is pretty knowledgeable and helpful. They usually reply my questions immediately when I contact them. I did 10 trades and my 6 trades were closed with the profit. I did not make any withdrawal yet but I heard that they are very quick in funding. I hope the same will also be excellent.
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Author of ForexMart: Baste | Date 2021-09-27
I started trading at ForexMart early this year. At first, I really had my hesitations because the broker did not leave a strong impression. But then after carefully studying their trading offers, I decided to try it out. Thankfully, it was not in vain because I am really enjoying my experience now.
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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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