As your trusted forex trading partner, ForexMart is highly committed to offering high-class trading software, giving exceptional trading experience, protecting your account against any fraudulent activity, and equipping you with comprehensive knowledge needed for successful trading.
Trading Software
ForexMart uses MetaTrader 4, the leading platform for trading forex online. We aim to provide you with the most advanced trading tools for you to stay on top of forex trading. MT4 is designed and developed by MetaQuotes Software Corp., a software developer for financial markets.
Regulatory Compliance
We adhere to regulations set by different countries across the globe. As part of industry standards, ForexMart keeps its clients’ funds fully segregated from its assets to protect your capital and make it available at any time. We are not engaged in proprietary trading.
24/5 Customer Support
Your trading convenience is our utmost priority. Our customer support team is available 24 hours a day, 5 days a week, to assist you with your trading issues and questions.
Overall Score
We have collected all the parameters of brokers that are important for trading into different groups for your convenience. The closer the parameter is to the maximum value, the higher the percentage of the group. The overall score is based on all groups’ scores. Now you can see what the strengths of the broker are and where are their weaknesses. Not only to see but also to understand how much it suits your particular needs. If a broker has a GREEN VERIFIED, then the information about its parameters has been received from the broker and been examined by us! GREY NOT-VERIFIED means that information about the parameters of the broker is collected from open sources on the network, BUT it is not confirmed by our tests. RED NOT-VERIFIED means that there is no unambiguous information on this broker in open sources and the specified parameters may differ greatly from the actual ones.
Advantages
Disadvantages
The ForexMart company was founded in 2015 in Cyprus and it is a trademark of Instant Trading EU Ltd., regulated by the Cyprus Securities and Exchange Commission (CySEC). The company is a member of the Investor Compensation Fund.
The company provides a wide range of trading instruments on a platform MT4 (currency pairs, CFDs, spot metals, cryptocurrencies, indices and energy). In addition, customers can use the Smart Dollar loyalty program and the CopyTrading automated system as one of the ways to generate additional income.
The company offers several types of accounts to choose from, including a demo and Islamic accounts, and also provides a free ForexMart mobile application supporting both Demo and Live accounts (iOS/Android devices).
ForexMart doesn’t accept clients from certain countries, including the United States and Cuba, North Korea, Sudan, Syria and some other regions.
Regulation & Investor Protection
ForexMart serves customers outside of the European Union through the ForexMart.com website and is the trademark of Tradomart SV Ltd, an international business corporation registered in Saint Vincent and the Grenadines.
The customers inside the European Union are served through the ForexMart.eu website. In this case the company is the trademark of Instant Trading EU Ltd, an investment firm regulated by the Cyprus Securities and Exchange Commission (license number 266/15). CySEC is an independent financial supervisor of the Republic of Cyprus and is a member of the European Securities Market Supervisory Authority (ESMA). Moreover, each client can insure the deposit, since ForexMart is a member of the ICF.
The company is the official sponsor of the Slovakian ice hockey club HKM Zvolen.
Tradable Instruments
The company has an extensive range of currency pairs (60+) and other trading assets, such as: CFDs on shares, cryptocurrencies (Bitcoin, Litecoin, Ethereum, Ripple), spot metals, energy and indices.
Trading Platform
ForexMart offers users the most popular and user-friendly MetaTrader 4 trading platform, which provides the full range of tools: a number of technical indicators, an extended package for charting, a wide range of Expert Advisors (EAs).
Trading Tools
The Web Terminal of ForexMart is accessible from any browser and can be used without the need to download or install additional software.
The company also provides free mobile apps which can be downloaded for both iOS and Android devices, with easy access to all the same tools and features as the web-based platform.
Education
ForexMart doesn’t offer investor-training, but provides various training materials for self-study, including an economic calendar, daily economic news and analytical reviews. Moreover, there are education brochures and FAQ sections, which cover general questions.
Customer Support
ForexMart provides its customers with technical support 5 days a week. The support service is available in messengers (WhatsApp, Viber, Telegram), via Skype and by email. It is also possible to contact a specialist via a chat or call back.
Accounts & Fees
The broker offers its customers 4 types of accounts with conditions suitable for various trading strategies. The maximum leverage is 1:500. Leverage when trading cryptocurrency – 1:2. Leverage for metals and indices trading is 1:100. Leverage for Energy assets is 1:10.
ForexMart Classic – the most popular among traders. To start using this account type, it is necessary to make an initial deposit of minimum $15. The average spread – 1.2 pips.
ForexMart Pro – is perfect for professional well-qualified traders. The minimum initial deposit is $200, the average spread – 0.8 pips.
ForexMart Cents – suits for beginner traders who want to trade on a live account without risking big money. The minimum deposit is $15, the average spread – 1.2 pips. It is also suitable for automated trading.
ForexMart Zero Spread – this is the only type of account which involves a commission of 0,02%-0,07% and offers instant execution of orders. Minimum deposit is only $1 and the spread is fixed (0 pips).
Deposit & Withdrawal
Withdrawals are easy and guaranteed by CySEC. Moreover, ForexMart does not charge deposit fees for withdrawals. But it should be noted that commissions of payment systems may be charged. The following payment systems are available: Bank transfer, Visa, MasterCard, Skrill, Neteller, UnionPay, Alipay, PayCo, Bitcoin.
Account Opening
In order to open a real account, the user just needs to visit the ForexMart website and click “Open trading account” on the homepage. During the registration process, the client must provide personal data, select the trading settings for the account and confirm the creation. The account must be verified before starting trading. Accounts can be funded with USD, EUR, GBP or RUB.