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.
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.
TU Expert Verdict
ForexMart is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
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, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of ForexMart with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, ForexMart’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
ForexMart Standard spreads ForexMart OANDA FOREX.com EUR/USD min, pips 0.8 0.1 0.7 EUR/USD max, pips 1.2 0.5 1.2 GPB/USD min, pips 0.8 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
ForexMart RAW/ECN spreads ForexMart OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.3 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with ForexMart. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
ForexMart Non-Trading Fees ForexMart OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 1-3 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 1-2 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
ForexMart Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1
FSC (Belize) Full Name Financial Services Commission of Belize Country of regulation Belize Investor Protection Fund No specific fund Regulation Level Tier-3 ForexMart Security Factors Foundation date 2005 Negative balance protection YesVerification (KYC) Yes -
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.
- Swap Free (Islamic) account
- Standard account with balanced trading conditions
- Low minimum deposit
- No VIP account option
ForexMart account types vs top competitors ForexMart Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent YesNoNoMicro YesNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoForexMart accounts trading conditions
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.
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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.
ForexMart provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Bitcoin (BTC) accepted
- Bank wire transfers available
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC not available as a base account currency
- Wise not supported
What are ForexMart deposit and withdrawal options?
ForexMart provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC.
ForexMart Deposit and Withdrawal Methods vs Competitors ForexMart Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are ForexMart base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. ForexMart supports the following base account currencies: USD.
What are ForexMart's minimum deposit and withdrawal amounts?
The minimum deposit on ForexMart is $15, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ForexMart’s support team.
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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.
- 55 supported currency pairs
- Indices trading
- Copy trading platform
- No ETFs
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by ForexMart with its competitors, making it easier for you to find the perfect fit.
ForexMart Trading.com Plus500 Currency pairs 55 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 150 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products ForexMart offers for beginner traders and investors who prefer not to engage in active trading.
ForexMart Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
ForexMart account opening ForexMart Trading.com Plus500 Online Registration YesYesYesMinimum deposit $15 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 10 20 KYC time (days) 3 2 3 Is ForexMart available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To make it easier for you to begin working with ForexMart, TU experts recommend follow the steps below:
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.
Select a team account and enter the requested personal data to register on the broker's website.
To log in, enter both a login (email address or account number) and a password.
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.
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.
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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.
- API access for automated trading
- Free VPS for uninterrupted trading
- Trading bots (EAs) allowed
- One-click trading
- No access to a proprietary platform
- No TradingView integration
- No access to cTrader and its advanced tools.
Supported trading platforms
ForexMart supports the following trading platforms: MT4, WebTrader. This selection covers the basic needs of most retail traders. We also compared ForexMart’s platform availability with that of top competitors to assess its relative market position.
ForexMart Trading.com Plus500 MT4 YesNoNoMT5 NoYesNocTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey ForexMart’s trading platform features
We also evaluated whether ForexMart offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 30 Tradable assets 150 Additional trading tools
ForexMart offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
ForexMart trading tools vs competitors ForexMart Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. YesYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. YesNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoNo -
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 /10ForexMart supports mobile trading, offering dedicated apps for both iOS and Android. ForexMart received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- User-friendly interface
- Weak user feedback on iOS
We compared ForexMart with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
ForexMart Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 0,00 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.8 4.7 Google Play score 0 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators NoYesYesMob. Alerts NoYesYes -
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 /10Customer support at ForexMart is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. ForexMart provides basic support functionality but does not stand out in overall service performance.
InformationClient service representatives are available 24 hours a day, five days a week, to answer clients’ questions and assist traders.
- 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
- 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 CySEC, FSC (Belize) Official site forexmart.com Contacts support@forexmart.com 443 300 104 195
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FAQs
How is ForexMart regulated and what safety measures are mentioned in reviews and analysis?
ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Tier-1 regulator with an investor protection fund of up to €20,000, and by the Financial Services Commission of Belize (FSC Belize) as a Tier-3 regulator without a specific compensation fund. The broker has a safety score of 9.2/10, offers negative balance protection, and has been operating since 2005, which TU experts note as factors associated with a high security level under their methodology.
What account types and key trading conditions are available with ForexMart?
ForexMart offers Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free, and several named accounts including Classic, Pro, Cents, and Zero Spread, but does not provide a VIP or managed account option. Minimum deposits range from $1 on the Zero Spread account to $200 on the Pro account, spreads start from 0 pips on Zero Spread and 0.6 pips on Pro, and there are no trading fees stated for any account type, with a minimum trade volume of 0.1 lots.
What do ForexMart user reviews and feedback indicate about overall client satisfaction?
ForexMart has a user satisfaction score of 4.8/10 based on 13 reviews, with no 5-star ratings and a distribution concentrated in 3-star (46%), 2-star (23%), and 1-star (23%) evaluations. According to user reviews, overall sentiment is mostly negative, with relatively few higher-rated experiences reported.
How do reviews describe the process of opening a trading account with ForexMart?
The account opening process at ForexMart is fully online, with registration reportedly completed in about 10 minutes and KYC verification taking around 3 business days. The minimum deposit is $15, and while the procedure is described as accessible and straightforward, it is noted that account approval time can vary depending on the documents provided.
What trading platforms, tools, and features does ForexMart provide according to available feedback?
ForexMart supports MT4 and a WebTrader platform, with features such as trading bots (EAs), one-click trading, scalping, alerts, 2FA, and around 30 indicators for approximately 150 tradable assets. Additional tools include Trading Central, Autochartist, an API, a free VPS, and a strategy (EA) builder, while there is no access to MT5, cTrader, TradingView, or a proprietary platform.
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