Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
ForexMart Pros & Cons
- 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.
- 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.
TU Expert Verdict
ForexMart demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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ForexMart User Reviews
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5-star
0%
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4-star
8%
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3-star
46%
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2-star
23%
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1-star
23%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of ForexMart have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Withdrawal fee applies
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Is ForexMart Safe?
We checked the ForexMart officeScore:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.2 /10ForexMart has a safety score of 9.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 21 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7 /10ForexMart offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free.
ForexMart covers the core account types, making it convenient for traders with different preferences and strategies.
- Tight spread ECN account
- Swap Free (Islamic) account
- Demo account
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.8 /10ForexMart received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.3 /10ForexMart offers a limited selection of trading assets compared to the market average. The platform supports 150 assets in total, including 55 Forex pairs.
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Trading Account Opening
We successfully registered an account with ForexMart in 10 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at ForexMart is $15.Score:We evaluated Trading Account Opening at ForexMart by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.1 /10ForexMart received a score of 7.1/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria2 /10 -
Customer Support
Score:We evaluated Customer Support at ForexMart by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6 /10
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ForexMart Video Guides
FAQs
How is ForexMart regulated and what safety measures are mentioned in the review?
ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, classified as Tier-1 with an investor protection fund of up to €20,000, and by the Financial Services Commission of Belize (FSC Belize), classified as Tier-3 without a specific investor protection fund. The broker has a safety score of 9.2/10, offers negative balance protection, requires KYC verification, and has been operating since 2005, which together correspond to a high security level in the review.
What types of trading accounts are available at ForexMart and what are their key conditions?
The review states that ForexMart offers Demo, Standard, ECN/Raw spread, Cent, Micro, and Swap Free accounts, but does not provide a VIP or managed account option. Detailed conditions include Classic and Cents accounts with a $15 minimum deposit and spreads from 1 pip, a Pro account with a $200 minimum deposit and spreads from 0.6 pips, and a Zero Spread account with a $1 minimum deposit and fixed zero spread, all with a minimum trade volume of 0.1 lots and no trading fees specified in this section.
What do user reviews and feedback indicate about overall satisfaction with ForexMart?
The user satisfaction score for ForexMart is 4.8/10 based on 13 reviews, with 46% of ratings at 3 stars, 23% at 2 stars, 23% at 1 star, and only 8% at 4 stars and none at 5 stars. According to user reviews, overall sentiment in this section is mostly negative.
How do reviews describe the ForexMart trading account opening process?
The review notes that opening an account with ForexMart took 10 minutes for registration, with KYC verification completed within 3 business days, and a minimum deposit of $15. The process is fully online and described as accessible and relatively hassle-free, although account approval may take longer depending on the documentation provided.
What feedback is provided on ForexMart customer support availability and contact options?
The review describes ForexMart customer support as available 24 hours a day, five days a week, with response speed and service quality varying depending on the request. Clients and visitors can contact support via phone, email, online chat, popular messengers such as Facebook, Skype, Viber, and Telegram, a feedback form, and an FAQ section on the website, but support is not reachable on weekends.
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