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ForexMart

Saint Vincent and the Grenadines|2-5 years|
High potential risk|

https://theforexmart.com/

Website

Rating Index

Contact

+44 2 030 976 697
info@forexmart.com
https://theforexmart.com/
Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines.

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

ForexMart · WikiFX Survey

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ForexMart · Company Summary

ForexMart Review Summary
Founded2015
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex, CFDs on Shares, Spot Metals, Cryptocurrencies, Energy, Indices
Demo AccountAvailable
LeverageUp to 1:3000
Spreadfrom 0.0 pips
Trading PlatformNot mentioned
Min Deposit$15
Customer SupportPhone: +44 2 030 976 697
Email: info@forexmart.com
Social media channel: Facebook, Twitter

ForexMart Information

Established in 2015, ForexMart is an unregulated brokerage company registered in Saint Vincent and the Grenadines. This firm provides a swath oftradable instruments. ForexMart gives four live trading accounts and one demo account.

ForexMart Information

Pros and Cons

ProsCons
Wide selection of investment optionsLack of regulatory oversight
Multiple account types (Classic, Pro, Cents, and Zero Spread)Charging withdrawal fees
Acceptable Minimum Deposit Amount ($15)Limited information on trading platform
Tight Spreads starting from 0.0 pips
Demo Account Available

Is ForexMart legit?

ForexMart operates without regulation from any recognized financial authority.

Is ForexMart legit?

What Can I Trade on ForexMart?

With ForexMart, you can make a diversified portfolio in 5 asset classes, including Forex, CFDs on Shares, Spot Metals, Cryptocurrencies, Energy, and Indices. ForexMart provides more than 100 market instruments.

This firm provides trading in precious metals like gold and silver, as well as energy commodities such as oil and natural gas. You can also invest in popular global indices like the S&P 500 and FTSE 100 and cryptocurrencies such as Bitcoin and Ethereum.

Tradable InstrumentsSupported
Forex
Metals
Shares
Indices
Energies
Cryptocurrencies
Bonds
Options
Mutual Funds
ETFs
What Can I Trade on ForexMart?

Account Types

ForexMart offers four live trading account types, including Classic, Pro, Cents, and Zero Spread. The bright side of this approach is that you can pay less in fees the more you invest. If you invest at least $200, you will get spreads from 0.6 pips and commission-free forex trading. The minimum deposit of Classic and Cents accounts is both as low as $15. A demo account is also available here.

Account TypeClassicProCentsZero Spread
Minimum Spread1 pips0.6 pips1 pips0.0 pips
Average Spread1.2 pips0.8 pips1.2 pips0.2 pips
CommissionsNo commissionsNo commissionsNo commissionsCommission from $6
Minimum Deposit$15$200$15$500
Minimum Lot0.010.010.1 (cent lots)0.01
Order ExecutionMarketMarketMarketMarket
Account Types

Leverage

ForexMart provides varying leverage options depending on the account types:

Account TypeMax Leverage
Classic1:3000
Pro
Cents
Zero Spread1:200

ForexMart Fees

ForexMart offers different spreads and commission structures across its different account types.

Account TypeMin SpreadAverage SpreadCommission
Classic1 pip1.2 pipsNone
Pro0.6 pips0.8 pipsNone
Cents1 pip1.2 pipsNone
Zero Spread0.0 pips0.2 pipsFrom $6

For traders seeking the lowest spreads available, the Zero Spread account offers spreads starting from 0.0 pips, but it does charge a commission of $6 per trade.

Deposit & Withdrawal

ForexMart offers multiple deposit and withdrawal methods. You can fund your account through Skrill, Neteller, Payco, FasaPay, Bitcoin, and Tether with no commission. Most deposit methods require 24 hours to process.

ForexMart charges withdrawal fees on all transaction methods. You need to pay 1% with Skrill, Payco, FasaPay and Tether. The fees of Bitcoin and Bitcoin Cash are both a fixed fee of 0.001 BCH plus $2.

Deposit Options

Deposit OptionsMin. DepositFeesProcessing Time
SkrillNot mentionedNo CommissionWithin 24 hour
NetellerNot mentionedNo CommissionWithin 24 hour
PayCoNot mentionedNo Commissioninstant
FasaPayNot mentionedNo Commissioninstant
BitcoinNot mentionedNo CommissionWithin 24 hour
Bitcoin CashNot mentionedNo CommissionWithin 24 hour
TetherNot mentionedNo CommissionWithin 24 hour
Local BankNot mentioned3%Within 24 hour

Withdrawal Options

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
SkrillNot mentioned1% system fee1-7 working hours
NetellerNot mentioned2%, min $1, max $301-7 working hours
PayCoNot mentioned1%Within 48 hours
FasaPayNot mentioned1%Within 48 hours
BitcoinNot mentionedFixed fee 0.001 BCH + $2Within 48 hours
Bitcoin CashNot mentionedFixed fee 0.001 BCH + $2Within 48 hours
TetherNot mentioned1%Within 48 hours
Local BankNot mentioned3%Within 24 hours
Deposit & Withdrawal

Broker Information

Company Name

Tradomart SV Ltd

Abbreviation

ForexMart

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Phone of the company
  • +44 2 030 976 697

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Facebook
Instagram

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YouTube

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Company address
  • Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines.

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@forexmart.com

  • support@forexmart.com

Company Summary

Review

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