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 6531)
Web-site: ForexMart
Add comment
Interested in other brokers?
383
0
Forexmart has become a broker I'm proud to use, as I've gained numerous benefits over the eight months I've been with them. Their service is clear and reliable. I'm confident many traders will be satisfied with their service after joining them.
ForexMart is excellent; I love the $15 low deposit, reliable MT4 platform and professional tools that make trading incredibly accessible.
Forexmart offers numerous bonuses and a highly sophisticated trading platform that traders greatly need. Forexmart provides all of this to traders who join them. However, I feel the explanation and information here are lacking, so more information is needed.
I have been happy with ForexMart after receiving good service so far. They have reliable servers, a good platform, and solid analysis. It is easy to deal with. It is very helpful for professional traders looking to do business in the market. Apart from the tight spreads, the platform’s great; it comes packed with all the forex indicators.
ForexMart offers numerous terms and conditions and offers bonuses. They promise that if you follow the terms and conditions correctly, you'll receive the bonus. ForexMart does indeed offer numerous bonuses for traders. Hopefully, traders will be increasingly satisfied with the services ForexMart provides.
Trading with ForexMart has been a great experience. I really appreciate the low $1 minimum deposit and the availability of cent accounts, which are perfect for testing strategies. The MetaTrader 4 platform is stable and their high leverage options are excellent.
I’ve had a very positive experience using ForexMart. The platform is user-friendly and makes trading smooth, even for someone who isn’t highly experienced. Deposits and withdrawals are processed efficiently, and I appreciate the transparency in their fees and spreads. Their customer support team has been responsive and helpful whenever I’ve had questions. Overall, ForexMart provides a reliable and convenient trading environment, and I would recommend it to anyone looking to get started with forex trading.
As an online broker, ForexMart delivers basic trading features suitable for both new and experienced traders. The account setup process is straightforward, and the platform performance is generally stable. However, like any broker, it’s important to understand the risks involved before trading.
I appreciate ForexMart for its transparency and smooth withdrawals. It’s a trustworthy broker in my experience.
I like ForexMart because of its low spreads and reliable execution. It’s a great choice for both beginners and experienced traders.
Show more
Add comment
See also
|
Brokers Reviews
RECOMMENDED BROKER
Forex charts and quotes
|
ForexMart review