ForexMart

General Information

ForexMart is a global forex broker that offers various trading instruments and account types. It was founded in 2015 and is registered in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CYSEC). The company provides access to forex currencies, futures contracts for stocks, precious metals, and other trading instruments.

ForexMart offers four live account types: Classic, Pro, Cents, Zero Spread. The minimum deposit starts from $15, and maximum leverage is 1:500. The broker provides commission-free trading on most accounts, and funding options include Visa, Skrill, NETELLER, Bitcoin, and more.

The trading platform offered by ForexMart is MetaTrader 4 (MT4), available on desktop, mobile, and web terminals. MT4 is a popular and user-friendly platform that allows traders to analyze charts, place orders, and manage multiple trades.

While ForexMart has strengths such as good funding options and commission-free trading, there are limitations like the absence of a web terminal for EU clients and a limited range of non-forex instruments. Traders should carefully consider these factors before choosing to trade with ForexMart.

Pros and Cons

While ForexMart has advantages such as good funding options and commission-free trading, there are also some limitations, such as the unavailability of web terminals for EU clients and a limited variety of non-forex instruments. Traders should consider these factors when choosing to trade with ForexMart.

Is ForexMart Legit？

ForexMart is currently regulated by the Cyprus Securities and Exchange Commission (Regulation No. 266/15), the UK Financial Conduct Authority (Regulation No. 728735), and the Virgin Islands Financial Services Commission Offshore (Regulation No. SIBA/L/14/1082). However, the CYSEC regulation (license number: 266/15) claimed by this broker is suspected to be a clone. Please be aware of the risk!

Market Instruments

ForexMart offers a variety of options to suit different trading strategies, including forex, shares, indices, spot metals, energy, and cryptocurrency. The Classic Account offers floating spreads of around 1.2 pips for major forex pairs like EUR/USD, while the Pro account boasts tighter spreads averaging around 0.8 pips for the same pair. Both accounts are commission-free.

65 Forex: EUR/USD, GBP/USD, USD/JPY...

256 CFDs on Shares: AA Alcoa Inc., AAL ANGLO AMERICAN PLC ...

19 Cryptocurrencies: BCHUSD, #Bitcoin, #Ethereum...

2 Spot metals: Gold, Silver

13 Indices: Standard & Poor's 500 Index, Deutsche Boerse AG German Stock Index...

3 Energies: Natural Gas, Crude Oil, Brent Crude Oil

Here is a comparison table of trading instruments offered by different brokers:

Account Types

ForexMart offers several trading accounts that allow you to choose the most suitable one for your trading strategy. This Broker offers four types of trading accounts: Classic, Pro, Cents, and Zero Spread.

Each account type has different characteristics and minimum deposit requirements, which make it easy to choose the right Account for your needs.

The following account types are available to ForexMart clients:

ForexMart Classic Account:

Leverage 1:3000 for balances up to $200 (Forex pairs only)

Leverage 1:3000 for balances up to $500 (Forex pairs only)

Leverage 1:1000 for balances up to $1,000 (Forex pairs only)

Minimum deposit of $15

Minimum spreads from 1 pip and average spread from 1.2 pips

Trading from a minimum of 0.01 lots

Commission-free trading

Margin call of 30% and Stop-out level of 10%

ForexMart Pro Account:

Minimum deposit of $ 200

Minimum spreads from 0.6 pips and average spread from 0.8 pips

Trading from a minimum of 0.01 lots

Commission-free trading

Margin call of 30% and Stop-out level of 10%

ForexMart Cent Account:

Minimum deposit of $ 15

Minimum spreads from 1 pip and average spread from 1.2 pips

Commission-free trading

Trading from a minimum of 0.01 cent lots

Margin call of 30% and Stop-out level of 10%

ForexMart Zero Spread Account:

A minimum deposit of $ 500

Minimum spread from 0.0 pips average spread from 0.2 pips

Commissions from $6

Trading from a minimum of 0.01 lots

Orders Execution – Market

How to Open an Account？

1. Step 1: Start Process

To open a Forexmart account, navigate to the ForexMart website home page and select one of three options “Register”, “Trade Now” or “Open an account”

2. Step 2: Complete Information

On the net page, you will be requested to complete all the personal information requested and select register.

3. Step 3: Verify account

As soon as the account is created you will receive a verification email. Once the account is verified you can log in and start trading.

ForexMart Leverage

In terms of trading leverage, the maximum leverage available at ForexMart EU is 1:30 on major forex pairs. FX minors, indices and spot metals are available up to 1:20, energies up to 1:10, CFD shares up to 1:5 and cryptocurrencies up to 1:2. Non-EU clients can leverage up to 1:500

Spreads & Commissions

The minimum spread for Classic accounts is 1 pip, the average spread for Natural Gas is 34 pips and for Crude Oil is 63 pips with no commission. The minimum spread for Pro accounts is 0.6 pips, the average spread for Natural Gas is 24 pips and for Crude Oil is 46 pips, with no commission. The minimum spread for cent accounts is 1 pip, the average natural gas spread is 34 pips, and the crude oil spread is 63 pips with no commission. Forex trading commission for Zero account is $20 per lot, the spread for gold is 80 pips and for silver is 40 pips.

Trading Platform

ForexMart provides traders with access to the industry-leading MetaTrader 4 trading platform. This platform offers a comprehensive range of features that empower traders to effectively analyze the market and execute trades.

With MetaTrader 4, users can effortlessly track multiple charts, execute trades directly from the charts, and efficiently manage multiple orders. The platform is user-friendly and can be easily installed without any cost. It supports various trade size allocation methods, allowing traders to customize their trading strategies. Additionally, MetaTrader 4 offers a wide selection of over 40 technical indicators to aid in market analysis. The platform also allows for customization, enabling traders to personalize their trading environment according to their preferences.

Here is a comparison table of trading platforms offered by different brokers:

Deposit & Withdrawal

ForexMart welcomes a variety of deposit and withdrawal methods, including VISA (no fees for deposits, 2.5% + 3.5 EUR/USD transaction fee for withdrawals), MasterCard (no fees for deposits, 2.5% + 3.5 EUR/USD transaction fee for withdrawals), Skrill (1% fee for withdrawals), NETELLLER (2% transaction fee deducted for withdrawals, minimum $1, maximum $30), PayCo, FasaPay, UnionPay (2.5% transaction fee deducted for withdrawals), Alipay (2.5% transaction fee deducted for withdrawals), Bitcoin (0.0002 bitcoin + $2 fee deducted for withdrawals).

Educational Resources and Community Support

The ForexMart website includes a multi-page education brochure titled “The 10 Ideas Behind Forex Trading”, which is published in the relevant section and available in an electronic version.

The information available in the Education section

Information not available on the ForexMart website

General information about how the Forex trading system works

Articles that contain a detailed analysis of each subject

The main advantages of Forex trading

Trading strategies

Basic concepts and definitions

E-books on Forex, commodities, CFDs, and stocks

Glossary of terms

Webinars and workshops

Guides for installing an expert advisor

ForexMart suggests beginning with a demo account to put theoretical knowledge into practice. This provides novice traders with the confidence, skills, and experience needed to begin trading on the real market, while also lowering the risk of making mistakes. To support traders, there is up-to-date analytical information, which, as well as educational materials, can be found on the official website in the Tools tab. The analytical section includes Economic News, Market Analysis, and an economic calendar.

User Experience and Additional Features

ForexMart presents a range of partnership programs to cater to various preferences. One such program is the Friend Referrer, which allows traders to focus on promoting ForexMart services to potential clients, while their referred friends handle most of the trading activities. As the referred friends generate profit, the trader also earns a share.

To facilitate seamless integration into websites, ForexMart provides user-friendly and glitch-free widgets, along with promotional materials. These resources empower traders to enhance their websites effectively.

Interested individuals can opt for different partnership options, including online partnership, local online partnership, or local office partnership. Each of these options offers opportunities to generate additional income deposited directly into the trader's account.

Bonuses

Due to stringent regulations governing trading bonuses in the EU, ForexMart currently does not provide any bonus offers. This applies to all types of bonuses, including no deposit bonuses, welcome bonus promotions, and demo contests.

Occasionally, non-EU clients may come across offers on the ForexMart website, such as a 30% welcome bonus. It is important to carefully review the bonus terms and conditions to understand the specific details and requirements associated with such offers.

Customer Support

ForexMart provides multiple channels for contacting their support team. You can reach them through telephone or email, as well as engage in live chat via Facebook, Skype, or Whatsapp. The customer support team operates from 07:00 to 16:00 GMT.

Telephone: +442 030 976 697

Email: support@forexmart.eu

Address: Instant Trading EU Ltd, Spetson 23A, Leda Court, Block B, Office B203, 4000 Mesa Geitonia, Limassol, Cyprus

Conclusion

In conclusion, ForexMart is a global forex broker that offers a range of trading instruments and account types to suit different trading strategies. Some advantages of ForexMart include good funding options with Bitcoin deposits, commission-free trading, and negative balance protection. However, there are also limitations such as the absence of a web terminal for EU clients, a limited range of non-forex instruments, limited additional tools, and no choice of platforms. Traders should carefully consider these factors when deciding to trade with ForexMart. Furthermore, it's important to note that the legitimacy of ForexMart's claimed regulation by CYSEC (license number: 266/15) is suspected to be a clone, so caution is advised.

Customer Support

ForexMart provides multiple channels for contacting their support team. You can reach them through telephone or email, as well as engage in live chat via Facebook, Skype, or Whatsapp. The customer support team operates from 07:00 to 16:00 GMT.

Telephone: +442 030 976 697

Email: support@forexmart.eu

Address: Instant Trading EU Ltd, Spetson 23A, Leda Court, Block B, Office B203, 4000 Mesa Geitonia, Limassol, Cyprus

Conclusion

In conclusion, ForexMart is a global forex broker that offers a range of trading instruments and account types to suit different trading strategies. Some advantages of ForexMart include good funding options with Bitcoin deposits, commission-free trading, and negative balance protection. However, there are also limitations such as the absence of a web terminal for EU clients, a limited range of non-forex instruments, limited additional tools, and no choice of platforms. Traders should carefully consider these factors when deciding to trade with ForexMart. Furthermore, it's important to note that the legitimacy of ForexMart's claimed regulation by CYSEC (license number: 266/15) is suspected to be a clone, so caution is advised.

Accepted Regions

ForexMart accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

FAQs

Q: Is ForexMart regulated？

A: ForexMart is a forex broker regulated by FCA, FSC. However, the CyprusCYSEC regulation (license number: 266/15) claimed by this broker is suspected to be a clone. Please be aware of the risk!

Q: What account types does ForexMart offer？

A: ForexMart offers four live account types: Classic, Pro, Cents, Zero. The availability of these account types may vary for EU and non-EU clients.

Q: What are the spreads and commissions at ForexMart？

A: The spreads and commissions at ForexMart vary depending on the account type and instrument. Floating spreads in the Classic account are around 1.2 pips for major forex pairs, while Pro account spreads average around 0.8 pips for the same pair. Commission-free trading is available on forex, but the Zero Spread account charges commissions.

Q: What are the deposit and withdrawal methods at ForexMart？

A: ForexMart offers various deposit methods, including Visa, Skrill, NETELLER, PayCo, FasPay, Bitcoin, BitcoinCash, Tether, and Local Bank Transfer. Withdrawals are usually processed using the same methods used for deposits, and there may be withdrawal fees depending on the payment method.

Q: What trading platform does ForexMart use？

A: ForexMart uses the MetaTrader 4 (MT4) platform as its trading platform. MT4 is a widely-used and popular platform known for its user-friendly interface, charting capabilities, and trading tools. It is available for desktop, web, and mobile devices。