ForexMart Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • MT4
Regulation:
  • CySEC
Bonus for deposit:
  • 30%

ForexMart Review 2024

Updated:
Updated: January 30, 2024
Your capital is at risk.

5.94

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • MT4
Regulation:
  • CySEC
Bonus for deposit:
  • 30%

Note!

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Summary of ForexMart Trading Company

ForexMart is a moderate-risk broker with the TU Overall Score of 5.94 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ForexMart clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. ForexMart ranks 62 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

ForexMart is a broker for those who value a wide range of trading instruments as well as quick support. This company is a good choice for both new and experienced traders who work from PCs and smartphones.

ForexMart is a company that operates globally, except for the United States, North Korea, Myanmar, Sudan, and Syria. The company is part of the TradoMart Ltd group. It was registered in 2015 in Cyprus, is regulated by the Cyprus Securities and Exchange Commission (CySEC, 266/15), and is a member of the European Securities and Markets Authority (ESMA). This broker provides clients with access to Forex currencies and other trading instruments such as futures contracts for stocks and precious metals.
Over the years, ForexMart has won many awards including “The Best New Broker in Europe 2016” from the International Financial Journal (IFM). A year earlier, ForexMart was named “The Most Promising Broker in Asia”, according to ShowFx World.

💰 Account currency: USD
🚀 Minimum deposit: $1
⚖️ Leverage: 1:500
💱 Spread: From 0.0 points
🔧 Instruments: Forex currencies, cryptocurrencies, CFDs
💹 Margin Call / Stop Out: 30% / 10%

👍 Advantages of trading with ForexMart:

  • a diverse range of over 100 trading instruments. In addition to Forex currency, clients can use cryptocurrencies, as well as futures contracts for metals and stocks;
  • the company’s official website contains a wealth of useful trading tips and educational materials.
  • interesting partner programs for those looking to make extra money, as well as the option to invest in auto-copy trading.

👎 Disadvantages of ForexMart:

  • customer service is available 24/5;
  • not suitable for scalping;
  • few investment opportunities;
  • no MT5 platform;
  • a small set of analytical tools in comparison with some of its competitors;
  • no PAMM accounts;
  • not all trading advisors work stably.

Evaluation of the most influential parameters of ForexMart

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

5.83

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

6.91

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.14

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

6.72

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

2.93

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

5.98

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.70

/10

Trade with this broker, if:

  • Regulation and security are your priorities. ForexMart is regulated by CySEC (Cyprus Securities and Exchange Commission) and FCA (Financial Conduct Authority), providing strong protection for traders.
  • If you are a non-EU trader, as you would be eligible for a generous 30% welcome bonus offered by ForexMart.

Do not trade with this broker, if:

  • Depending on your region and regulatory requirements, certain instruments like CFDs on US shares might be unavailable. Ensure this limitation aligns with your trading preferences and needs.

We checked the office of the ForexMart brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:

Grigori Afxentiou 18, Mesa Geitonia, Zavos Leda Court, Block B 203, Limassol, Cyprus

Verified the company's address
* The results of this inspection shall not be regarded as an advice to choose the broker.
Detailed report on the visit to the company’s office ForexMart

Geographic Distribution of ForexMart Traders

Popularity in

47.1%
MY
Malaysia
14.6%
BD
Bangladesh
10.3%
ID
Indonesia
9.4%
RU
Russian Federation
6.3%
DE
Germany
5.4%
ZA
South Africa
4.8%
GB
United Kingdom
4.7%
ES
Spain
4.2%
TH
Thailand
3.6%
UA
Ukraine
11.6%
Others
Others

ForexMart Latest Comments for 2023 i

10 comments
Total score:
4.4 /10

Share your experience

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sampath
6 weeks ago

ForexMart manipulates in various ways so as not to withdraw clients’ money. I was given a $500 bonus for funding my account. I traded for a month and made a profit. I submitted a withdrawal request, but it was canceled. Support service said that I did not have the right to withdraw money while there was a valid bonus on my account. I offered to take this bonus away, especially since I did not request it. But they refused this. They said the bonus would be valid for six months. It turns out that I won’t be able to withdraw my money for another four months. This is some kind of manipulation!

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SXUBHO
9 weeks ago

I do not recommend contacting ForexMart. I gave it several chances, but everything was bad. In my last attempt to start trading there, I got a platform freeze, a huge spread, and a slippage of 25 pips. Support service is very slow, responds unprofessionally, and does not help solve problems. Funding the account is easy from any payment system and money is credited quickly. But as soon as I tried to withdraw my funds, problems began. The money was withdrawn to me only in 18 days, and they withheld a large fee. I don't recommend it!

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EugeneDoX
1 year ago

Scam! Fraudsters! The network is full of negative reviews about ForexMart, and all of them are not unfounded! I confirm that this broker is dishonest

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loupinkerton62459796
1 year ago

Do not trust this company with your money. The output is frozen here. Prove nothing 100%. I lost $1,000 here. Tried to do something, but all in vain.

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lakruwan
2 years ago

I am developing robotic advisors for automated trading in MQL4. ForexMart is the best way to test them, because here you can open a demo and a cent account. But along with testing, I also want to make money on transactions, so I trade on a Pro account. The allowable deposit amount on it is quite acceptable - only 200 USD. The absence of restrictions on trading methods allows me to use various strategies in programming with elements of scalping, position averaging, etc. The currency market is very volatile, so advisors have to be improved all the time, which means that sometimes there are losing trades. But thanks to tight spreads, I'm still in the black.

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koussay
3 years ago

Broker ForexMart, in my opinion, is well promoted, there is CySEC regulation, This is generally great. In general, conditions here are adequate, including spread, execution, etc.

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Shahidcr7
3 years ago

I have been working with them for 3 weeks. At the beginning everything was fine, but this week I started to earn money and the broker became insolent, right in front of his eyes he draws courses as he wants. As soon as the courses go down in history, the picture is completely different. I leave them until the grandmother was taken away.

Expert Review of ForexMart

ForexMart is a broker that is recognized by the members of the Traders Union as a company that offers favorable trading conditions in the foreign exchange market. During the entire period of collaboration, the company met its partnership obligations to the Traders Union. The broker is new to the Forex trading industry, but it has already been recognized as promising.

ForexMart is a brokerage company that provides clients with a traditional demo account, which is useful for taking a deeper look at the trading platform and studying market mechanisms. It is also suitable for strategy testing. Of course, ForexMart also offers real accounts under various conditions. This enables everyone to choose the best account option for their trading strategy. In addition, there is the option to invest in auto-copy trading or choose among the broker’s partner programs to earn additional profit.

The broker is suitable for both novice and experienced traders. ForexMart has been a Traders Union partner for several years, and no significant claims have been made against the company’s work during that time. If there are any questions or disagreements, customer service will try to resolve them as soon as possible.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of ForexMart’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

ForexMart is an excellent choice for those looking to combine manual trading and trading with the assistance of trading robots. When it comes to investing, the only option is to participate in its auto-copying program.

The lack of passive investment options is offset by a diverse set of more than 100 trading instruments. At ForexMart, users can trade fiat and digital currencies as well as CFDs (contracts for difference). In general, the company offers clients many opportunities for growth and development via a wide range of options for profiting from partner programs.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

ForexMart partner program

The broker provides three profitable options for cooperation under partner conditions, allowing clients to supplement their earnings:

  • online partner — allows profiting from website traffic. A new client who opens an account with ForexMart after clicking on your ad or link will be added to your partner group automatically.

  • regional representative — allows partner to officially represent the interests of the brokerage company on the scale of a city, region, or country under his own brand. Thus, the partner will be able to expand his client base while also significantly increasing their level of trust. Furthermore, the regional representative gets access to the latest developments in trading technologies, advertising, and educational materials.

  • CPA — (Cost Per Activated user) enables partner clients to receive a commission for the first deposit of each attracted trader. The commission is credited within one month. The amount paid to the partner is determined by the amount of the client’s initial deposit. The program does not provide for a maximum period that may occur in the event of inactivity in trading or withdrawal of a deposit. This type of partner program will appeal to SEO optimization and online marketing experts, as well as web administrators and owners of websites or social media profiles.

The conditions of the partner programs allow one to choose the most convenient and profitable option. Over time, the partner will be able to shape a personal referral system, ensuring a consistent extra profit.

Trading Conditions for ForexMart Users

ForexMart brokerage company is distinguished by quite appealing trading conditions for traders from almost every country. To begin, it is worth noting the minimum trade volume, which is 0.01 lots for all types of trading accounts. The minimum spread is 0.0 points, and the deposit starts at $1.

$1

Minimum
deposit

1:500

Leverage

24/5

Support

💻 Trading platform: MT4
📊 Accounts: Classic, Pro, Cents, Zero Spread
💰 Account currency: USD
💵 Replenishment / Withdrawal: Visa and MasterCard bank cards, e-wallets Skrill, Neteller, FasaPay, UnionPay, PayCo, Alipay, and Bitcoin
🚀 Minimum deposit: $1
⚖️ Leverage: 1:500
💼 PAMM-accounts: Yes
📈️ Min Order: 0.01 lots
💱 Spread: From 0.0 points
🔧 Instruments: Forex currencies, cryptocurrencies, CFDs
💹 Margin Call / Stop Out: 30% / 10%
🏛 Liquidity provider: Barclays, HSBC
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Market
⭐ Trading features: Trading in cryptocurrencies; Expert advisors; Auto-copy feature.
🎁 Contests and bonuses: Yes
Your capital is at risk.

Comparison of ForexMart with other Brokers

ForexMart RoboForex Eightcap Exness Forex4you Libertex
Trading
platform
MT4 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5 Libertex, MT5, MT4
Min deposit $1 $10 $100 $10 No 100
Leverage From 1:1
to 1:500
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:10
to 1:1000
From 1:1
to 1:30
for retail clients
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 0 points From 1 point From 0.1 points From 0.1 points
Level of margin call
/ stop out
30%  /  10% 60%  /  40% 80%  /  50% No  /  60% 100%  /  20% 50%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution, Instant Execution
No deposit bonus $150 No No No No No
Cent accounts Yes Yes No No Yes No

Broker comparison table of trading instruments

ForexMart RoboForex Eightcap Exness Forex4you Libertex
Forex Yes Yes Yes Yes Yes Yes (as CFDs)
Metalls Yes Yes Yes Yes Yes Yes (as CFDs)
Crypto No No Yes Yes No Yes (as CFDs)
CFD Yes Yes Yes Yes Yes Yes
Indexes No Yes Yes Yes Yes Yes (as CFDs)
Stock Yes Yes Yes Yes Yes Yes (tradable CFDs or Stocks for investment)
ETF No Yes No No No Yes (as CFDs)
Options No No No No No Yes (as CFDs)

ForexMart Commissions & Fees

Information
The experts at the Traders Union conducted research and checked the ForexMart brokerage company for the presence of trading and non-trading fees. The company’s spread was evaluated as a trading fee, and additional withdrawal fees were evaluated as non-trading fees.
Account type Spread (minimum value) Withdrawal commission
Zero Spread From $0 No
Classic From $10 No
Cents From $10 No
Pro From $6 No

Traders Union experts performed an analysis of trading fees in ForexMart and compared them to its competitors, as a result of which brokers were assigned the following levels.

Broker Average commission Level
ForexMart $6.5 Medium
RoboForex $1 Low
Pocket Option $8.5 High
Logo ForexMart
$6.5
$1
$8.5

Detailed review of ForexMart

ForexMart is one of the promising young trading companies that offer services in the Forex market. The broker takes a responsible approach to fulfilling his obligations, providing clients with up-to-date trading and market tools for analytics.

ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures the company’s reliability. The client does not have to be concerned about the safety of assets or a variety of secondary issues, allowing him to focus solely on trading and earning profits.

ForexMart is a broker that is suitable for both beginners and experienced traders.

ForexMart is a company that pays a lot of attention to education. There are a lot of high-quality educational materials in the relevant section of its website that are worth reading by both novice and veteran market participants.

The broker provides four types of real accounts from which to choose. The minimum deposit starts at $1, depending on the option selected. Users can open a free demo account to become acquainted with the features of the software and the market’s trading mechanisms, as well as to safely test their strategies.

The company is appropriate for traders who use various trading strategies, such as automated trading with expert advisors and trading on the news. There is also the option to invest in auto-copying. Order execution is market-based on all accounts, and when utilizing Zero Spread it is instantaneous.

As a trading platform, the broker offers its clients the popular MT4 system. Clients can trade using a computer or laptop, as well as mobile devices running Android or iOS.

ForexMart’s analytical services:

  • technical and fundamental market analysis allows a trader to use the information necessary for effective trading;

  • the economic calendar and market news are indispensable tools for trading on the news and monitoring factors influencing trading instrument volatility.

  • currency converter.

Advantages:

1

monitoring by a reputable regulator;

2

good liquidity;

3

attractive trading conditions: four types of accounts, including a demo account, and low spreads starting at 0 points;

4

over 100 trading instruments. In addition to fiat currency pairs, clients can trade stocks, cryptocurrencies, and futures;

5

wide range of quality educational materials;

6

protection from a negative balance;

7

possibility of automatic trading: it is allowed to trade using expert advisors and benefit from auto-copying services;

8

swap-free account option.

Guide on how traders can start earning profits

ForexMart provides a variety of account types with conditions tailored for each client.

Account types:

Account Type
Description
Classic
the minimum deposit amount is $15. The minimum spread is only 1 pips, and the average spread is 1.2 pips.
Pro
the minimum deposit amount is $200. The minimum spread value is 0.6 pips, while the average is 0.8 pips;
Cents
a cent account with a minimum deposit of $15, a spread of one pips, and an average of 1.2 pips;
Zero Spread
the minimum entry amount is $1. This account is characterized by a fixed zero spread and instant execution of orders.

Regardless of the account type, there is no fee, and the minimum trade volume is 0.1 lots. There is also an introductory demo account available. It is appropriate not only for education and training but also for testing the effectiveness of trading strategies. ForexMart offers both traditional MT4 and mobile trading platforms.

Investment Education Online

Information

The ForexMart website includes a multi-page education brochure titled “The 10 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 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
 
FAQs
 

Note: The Presentation section also includes a wealth of useful information, such as a step-by-step guide for opening a trading account.

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.

Security (Protection for Investors)

Information

The activities of ForexMart are monitored by the Cyprus Securities and Exchange Commission (CySEC). Thus, ForexMart carries out financial activities according to internal rules and follows the requirements of the regulator. This provides clients with clearly defined rights and obligations and ensures the safety of their monetary assets.

👍 Advantages

  • Client funds are not accessible to the company because they are kept separate from the broker’s funds
  • Protection against negative balance
  • A neutral third party is involved in the dispute-resolution process
  • Clear regulations for making trade transactions
  • Risk warning and customer service
  • The relationship between the broker and the client is regulated by the agreement

👎 Disadvantages

  • The regulator does not consider the claims of private traders who trade insignificant amounts

Withdrawal Options and Fees

  • Deposit and withdrawal methods include Visa and MasterCard bank cards, as well as Skrill, Neteller, FasaPay, UnionPay, PayCo, Alipay, and Bitcoin e-wallets.

  • The withdrawal to a bank account is carried out within 1-5 days.

  • When using other payment systems, the withdrawal request is typically processed in less than 48 hours.

  • The minimum withdrawal amount: to a bank account is $300, and to a bank card and electronic wallet is $20.

  • Withdrawal currency: USD.

  • The broker does not charge a withdrawal fee, but payment service providers may.

Customer Support Service

Information

Client service representatives are available 24 hours a day, five days a week, to answer clients’ questions and assist traders.

👍 Advantages

  • Many communication options, including the possibility to request a callback 
  • Multilingual support
  • The website includes a section with answers to the most frequently asked questions
  • Unregistered visitors can ask a question of client support

👎 Disadvantages

  • Not reachable on weekends

There are several ways to contact support:

  • directly through the phone numbers listed on the website;

  • by email;

  • via online chat on the broker’s website;

  • through popular messengers: Facebook, Skype, Viber, and Telegram;

  • using the feedback form.

The client service team can be accessed from the ForexMart website and the client’s user account.

Contacts

Foundation date 2005
Registration address Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines.
Regulation
Official site
Contacts
Your capital is at risk.

Review of the Personal Cabinet of ForexMart

To make it easier for you to begin working with ForexMart, TU experts recommend follow the steps below:

1

Logging into the ForexMart user account is done from the broker’s main page. To do so, simply click Login and then select “clients” or “partners” as the account type.

Review ForexMart — Log in/Registration
Review ForexMart — Log in/Registration
Review ForexMart — Log in/Registration
Review ForexMart — Log in/Registration
2

Select a team account and enter the requested personal data to register on the broker's website.

Review ForexMart — Opening a trading account
Review ForexMart — Opening a trading account
Review ForexMart — Opening a trading account
Review ForexMart — Opening a trading account
3

To log in, enter both a login (email address or account number) and a password.

Review ForexMart — Log in
Review ForexMart — Log in
Review ForexMart — Log in
Review ForexMart — Log in
4

If you don't already have an account, click the Register button to create one. In this case, fill out the form’s fields according to the requirements. The broker will need to verify your passport details.

5

After registering or being authorized at ForexMart, the client can deposit funds into his account, download and launch the MT4 trading platform, select an instrument, and proceed to trade.

Also, ForexMart’s user account contains the following information:

  • current analytical data;

  • statistics of trading with expert advisors;

  • information on promotions and bonuses;

  • statistics on the effectiveness and profitability of partner programs;

  • access to the history of trading operations and deposits/withdrawals;

  • current quotes;

  • client support service for professional advice.

Disclaimer:

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
ForexMart Review ForexMart Review

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FAQs

Do reviews by traders influence the ForexMart rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about ForexMart you need to go to the broker's profile.

How to leave a review about ForexMart on the Traders Union website?

To leave a review about ForexMart, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about ForexMart on a non-Traders Union client?

Anyone can leave feedback about ForexMart on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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