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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 6299)

Web-site: ForexMart

Author of ForexMart: Sogyu | Date 2021-04-29
I started trading with ForexMart 5 months ago due to its minimum deposit, which is $1. I started with $40, trading so far on this platform has been fair, and I have been able to make some little profits for myself. But I think the support department should be more effective their response is usually slow, although you will later be attended to but not instantly. Deposits and withdrawals through skrill have not been delayed so far. I also enjoyed the trading platform.
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Author of ForexMart: Bohdan | Date 2021-04-27
If you look past the appearance of Forexmart, you will see that it is a pretty great broker. I have to be honest, I was not impressed with how their website looks. It is a little plain compared with other brokers. Luckily, I still gave the broker a chance and looked more deeply. Then I realized that their services are actually amazing. And they are suitable to beginners.
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Author of ForexMart: Fransiscus | Date 2021-04-16
I am a newcomer to forex, previously I only played in bitcoin. And I chose Forexmart for my forex trading. And I started 4 months ago using a demo account. 3 weeks after that, I opened a real account with a $ 1000 deposit. My favorite thing with this broker is that Forexmart has a very responsive staff and rules that are not detrimental to clients. Easy to use, clean and a good setup. So may features and tools.
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Author of ForexMart: Rajos | Date 2021-04-14
Forexmart provides a simple yet fully-functional trading platform and it is what I love the most about them. Even novice traders will not have difficulty working their way around the platform. Also, I must commend their support team for being highly responsive and polite.
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Author of ForexMart: Marcos | Date 2021-04-12
I get super-fast execution and a live price chart with a Forexmart broker. They have advance built-in trading tools, indicators, the signal on their MT4 platform. Also, I am happy with their fixed spread too, which is the best opportunity for my scalping trade. Their payment service is well, which is the most essential for a trader. Also, their stuff helps me to solve any issue. So I have passed with profitable time with Forexmar Broker so far.
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Author of ForexMart: Nightrader | Date 2021-04-01
I can say that ForexMart is a reliable and professional broker in the market. My trading with ForexMart is going smoothly so far. I'm totally enjoying my trade with them. They always provide excellent services, including good trading conditions. They have fast order executions that make me always got the right positions. The withdrawal process is also fast, and most important is the trading cost is low, and there is no hidden commission.
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Author of ForexMart: Babalwa | Date 2021-03-31
The only thing that I think still needs improvement with ForexMart is the design of their website. They can make it more appealing. But, the simplicity of their website is also what makes it easier to navigate. In terms of trading tools, this broker does not disappoint. They offer great deals and I am progressing well with this broker.
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Author of ForexMart: Farudul | Date 2021-03-28
No hesitation to say, ForexМart is the finest broker in forex market. Quick on opening new account, deposits via Neteller is almost instant, no hidden fees and swap-free available up on request. They offer me 30% instant bonus on my every top up. Their customer service department is well informed and dependable. I am fully satisfied with ForexМart.
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Author of ForexMart: Nathan | Date 2021-03-18
All the trading conditions are reasonable and no leverage, and the minimum account size starting from $1. Their trading platform works very well especially their MT4, the trading conditions which they offer including a low spread of 0.1 pips for EUR/USD. I trade on the MT4 platform and it works fast with no re-quotes and real time prices. I've never experience any technical fail so far. I don't have complained and I recommend Forexmart because is transparent. I already made several withdrawals and got my money within one day.
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Author of ForexMart: Simon | Date 2021-03-18
ForexMart offers a simple yet productive trading experience. This broker is most suitable to novice traders because their tools and platform is easy to use. Also, their customer support team has a high response rate and we can reach them anytime of the day.
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