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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 6300)

Web-site: ForexMart

Author of ForexMart: Noel | Date 2021-06-16
I have just started with ForexMart since last year, and everything is perfect, especially in withdrawing. I have worked with Tenko MT4 Platform for a year and so far don’t face much issues of it. Thanks so much to this broker which able to provide a good trading MT4 platform. It is recommended to try out this broker for those who is still looking a platform for forex trading activities. Trading platform is easy to use and less complicated compare to others.
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Author of ForexMart: JohnFx | Date 2021-06-09
I have trade with ForexMart broker in a mini account. Really I enjoyed their service, As I got the fastest execution on the MT4 platform. So I can open or close my orders at the accurate position or where I want to set them. I can earn $50 so far. Honestly, I never had any technical problem with them or I hadn't any financial issue on my withdrawal via the Skrill account. Their payment is proceeded within 4hours after requesting. So I satisfied with the ForexMart broker.
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Author of ForexMart: Willem | Date 2021-06-08
My trading experience at ForexMart has been very pleasant. I haven't encountered any issue while doing my trading at this broker. Also, their trading conditions are favorable to short term traders given that they have very low trading fees.
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Author of ForexMart: Kenzo | Date 2021-06-02
I started open an account at ForexMart 2 weeks ago. Their minimum deposit is affordable for me, And their trading conditions also good. I'm using MT4 Platform, and the platform is working well and user-friendly. The first time, I feel a little bit confused about their platform, but their support team is amazing. They taught and guided me. ForexMart provides news and analysis also helpful trading tools. They are perfect for beginner traders.
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Author of ForexMart: Stepan | Date 2021-05-25
I enjoy trading at ForexMart because their trading tools are very easy to use. However, I do not trading during news release because the market would be highly volatile and the platform could not handle it. But I still profit overall which is great.
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Author of ForexMart: Piagus | Date 2021-05-24
I have to say I am joyful with ForexMart. They offer a very superior MT4 platform and also have a web trader platform which is very supportive. Easy to deposits and withdrawal with several method such as Credit Card, Skrill, Neteller Paypal, Web Money and Local IB. They don’t charge any fee on deposit and withdrawal, and instantly credited to my account.
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Author of ForexMart: Sauthi | Date 2021-05-18
Spreads are good and fills at good price. I have deposited totally $1000, although I learned to trade not so long time ago. Now I trade on the main account. With speedy MT4 platform, withdrawals and expert support team. This is a great platform. I never experienced any requotes even in the middle of big news. Another good thing was to find that they add the agent’s commission to my account right after my referral closes the deal. In my opinion, a good quality broker is able to provide the best trading quality even with a small deposit value.
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Author of ForexMart: Val | Date 2021-05-12
I started trading with ForexMart three years ago. Honestly, I did not notice that I have been with them for this long already because I am really enjoying my experience. Throughout my journey, the broker has been very reliable. Whenever I have concerns, their representatives would answer right away to clear whatever it is. They never fail to provide assistance and quality services.
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Author of ForexMart: Kasravi | Date 2021-05-10
I got an unbelievable service and performance on the ForexМart platform. As they have fixed spread and perfect order execution on the MT4 platforms. This helps me for scalping, Also, a scalping EA integrated with this platform too. So I can make $300 in a mini account. Recently I've withdrawn $160 through Skrill. I think ForexМart Broker is reliable to stay with them.
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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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