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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 6322)

Web-site: ForexMart

Author of ForexMart: Wasir | Date 2022-01-12
The trading process goes smoothly before profit. Their analytics of forex market, which really helped me to form a strategy. I am very satisfied and very pleased that I can trade with Forexmart. I started trading with $500 and right now my account has increased to $430 which is a good result for me. Beside they provided a strong signal, which helps me to make a decision for open a position in the rough market. They didn't create any financial problem yet, so my transaction is processed within 7 hours through Pay pal account. Overall I'm satisfied with Forexmart Broker.
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Author of ForexMart: Vadim | Date 2022-01-09
I say ForexМart is a reliable platform in the market. I have found a fixed spread and best order execution so far. Also, I have found the best graphing charts and some awesome tradings tools, as one-click trading tools. Really it is an amazing tool for opening or closing a trade instantly. So I say ForexМart' is a professional broker.
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Author of ForexMart: Hemosil | Date 2021-12-26
I like ForexМart broker because of their customer friendly trading conditions, they offer low spreads and the instant withdrawal methods. They have very good execution with very minimal slippage which I appreciate. Support is ready to answer on any question regarding trading and in very compassionate way. So far so good.
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Author of ForexMart: Tasha | Date 2021-12-16
I don't remember having any troubles throughout my trading activities. Execution is fast, the spread is tight, and market reviews are readily available. They also have a set of wonderful customer support representatives who are easy to reach and are very dependable. The other good thing is that the verification process was completed within just a day. So I really didn't wait too long. Their platform is very easy to operate and has quick execution. Last week I've made profit withdrawals of $780 through SKrill and withdraw was proceeded within same day. You guys should try it.
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Author of ForexMart: UmarFaruk | Date 2021-12-09
As a Forex trader, I say that ForexМart has a stable platform in the market. I've found a tight spread and best execution. So all of my positions are perfect, Even I can set up an EA on the platform, which trades automatically. ForexМart has a reliable payment service too. As I can withdraw my profit via Skrill within a day so far. Actually, ForexМart broker is an outstanding platform.
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Author of ForexMart: Ravi | Date 2021-12-09
I recently opened an account at ForexMart. So far, the experience is amazing. The broker has a stable platform and the tools are very easy to use. The customer support team is also responsive. Whenever I need help, a representative would always assist me right away.
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Author of ForexMart: Kayli | Date 2021-12-02
I'm a beginner trader and found ForexMart for my trading. I joined ForexMart 4 months ago. So far, I still enjoying my trading with them. Their platform is working perfectly and has instant order executions. The platform is provided with analysis and news, which is so helpful for me. Their support team is also reliable. Overall, I like to trade with ForexMart. I didn't make a withdrawal yet, so I don't know how their withdrawal process. but hopefully, it will be the same as the deposit process, which is fast and efficient.
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Author of ForexMart: Mitra | Date 2021-11-23
Lately, I have been experiencing a few issues in the platform of ForexMart. I guess this was due to the most recent update. The broker said that they are already fixing the problem. Besides, this happens rarely. Generally, the trading activities are going very smoothly.
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Author of ForexMart: Lpoxi | Date 2021-11-23
My trading with ForexМart has been excellent, I make money because spread small and swap rate low. Their MT4 platform is so good, android app is also nice and easy to use. Deposits and withdrawals are fast. I am able to get my funds from my Skrill Wallet within two hours. Overall, I’m quite happy with the results.
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Author of ForexMart: Dian | Date 2021-11-19
They offer distance education that is very useful for both beginner and professional traders, and no less important is the bonus because that is a plus for people like me who really like to take risks in trading. I have never encountered any problem related to this. Their performance is really reliable. I'm not one of them, but I've seen and tried trading with Forexmart, and it really benefits my account. Now I have earned more than 30% of my total initial deposit. Most of all I like a wide range of bonuses, useful for increasing deposits, and Their customer service is very useful, always fast and courteous. You should try this broker as soon as possible.
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