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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 6249)

Web-site: ForexMart

Author of ForexMart: Visho | Date 2020-05-03
I 've found a better result in the Scalping strategy with ForexМart's fixed spreads account. Besides, I have customized expert advisors on their MT4 platform. Also, I have experience professional payment service too, As my transaction processed within a few hours via Neteller. So I am happy and want to continue trading with ForexМart broker.
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Author of ForexMart: Taeil | Date 2020-04-29
Until now everything is going fine. They always treat me like a special trader. I earn more than $300 every trading. They have a simple platform and make me so easy every trading. So, I thankyou for make my trading always earn profit. I hope this broker will keep their performance.
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Author of ForexMart: Yanti | Date 2020-03-31
For half year I join them, their system are suit with me and they really take good care their customer. So far trading platform is good to use and I’m not face any requotes and platform freeze but I just face execution that slow for a few times because they are upgrading their server so that I can accept that excuses. Deposit and withdrawal are good which fast to transfers from bank account into trading account. So far I can make $500- $800 in 1 month. The results are quite large.
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Author of ForexMart: Yewen | Date 2020-01-23
I think Forexmart are the best broker for beginners, because they have very organized platform which is very easy to use and also can open small accounts and trade any amount I like. I could make earnings in just a few weeks starting by a deposit of $100. I trade on MetaTrader 4 platform with currency pairs such as EUR/USD, USD/JPY, USD/CHF and GBP/USD starting spread 1.6 pips.
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Author of ForexMart: Joro | Date 2019-12-10
I have been trading at Forexmart for almost a year now. This is also my first broker so I can't really compare it much with other brokers. But so far, I am having a great trading experience here. The platform is in good condition, the trading cost is reasonable, customer support is easy to contact, and payment system is good. If there's anything I don't like, it would be their website. I will be honest, their website is poorly designed and I think the server itself is not good enough.
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Author of ForexMart: Ester | Date 2019-11-19
I have no issues with Forexmart for almost 2 years now. I make regular withdrawal of my profits from Forexmart every month.I have been using their platform to trade since 2017.I make from 40% and above per month and what I do is to withdraw 65% of my profit monthly. As far as I am concerned, I receive my withdrawal payments in less than 24 hours through Paypall. Some traders are unhappy because they can`t trade profitably despite all their efforts, that is why they keep framing false comments about this broker. I am really safe to trading with Forexmart.
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Author of ForexMart: Kornelia | Date 2019-11-01
With my trading experience on Forexmart platform, I will say this is an excellent broker, with good services, I have made deposit twice and I registered with pamm trader on their platform, who has been able to make substantial profit of $300, after I invested $500 with him, all thanks to Forexmart platform, even withdrawal through skrill which I made two days ago was very fast. Hope this broker will improve their performance.
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Author of ForexMart: Kartika Nisa | Date 2019-09-20
Before Forex Mart I was try more than 3 other option trading brokers but it’s better than best. They give me $100 dollar bonus for first signup this that was remarkable. As far as trading goes their option trading platform is outstanding clean charting and easy to navigate. Two months ago I have invest $1000 and every month I gain around $300 regularly. First time was an error from their payment processor. Once all my documents was approved by verification department my withdrawal was processed within one day with no issues. They treat their trader so nice.
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Author of ForexMart: Otunba | Date 2019-09-15
ForexМart is a reliable broker, as they provided professional service in the market. I have a fixed spread account, where my trading experience is profitable due to the fastest execution and EA facilities. Also, their MT4 platforms are high tech with stable server and profitable tools. I can deposit or withdraw my money via Neteller or Skrill payment system within a day. So I say Forexmart is a safe and excellent broker.
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Author of ForexMart: Sitio | Date 2019-05-31
My trading experience at ForexMart is fruitful. I started here a year ago and I had never encountered any extreme issue in my trading activities. But recently, on my last withdrawal, the release of the fund took quite a while-- almost two weeks. They sincerely apologized for the delay and carefully explained to me why it happened. So I let it pass. Still, I'd like to commend this broker for having an outstanding customer support team.
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