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6.81/10
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
Foundation date:
  • 2005
352
users picked this broker in 3 months
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Our Evaluation of ForexMart

6.81/10
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
Traders Union icon

ForexMart is a moderate-risk broker with the TU Overall Score of 6.81 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 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.

Brief Look at ForexMart

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.

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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.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

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.

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

ForexMart Trading Conditions

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.

💻 Trading platform: MT4
📊 Accounts: Classic, Pro, Cents, Zero Spread
💰 Account currency: USD
💵 Deposit / 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
💱 EUR/USD spread: 0,1 pips
🔧 Instruments: Forex currencies, cryptocurrencies, CFDs
💹 Margin Call / Stop Out: 30% / 10%
🏛 Liquidity provider: Barclays, HSBC
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market
⭐ Trading features: Trading in cryptocurrencies; Expert advisors; Auto-copy feature.
🎁 Contests and bonuses: Yes

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.

ForexMart Key Parameters Evaluation

User Satisfaction i

Score:
4.8/10

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christelaama
26 weeks ago

ForexMart offers a wide range of trading tools. With over 100 trading assets, including Forex, crypto-currencies, metal futures and equities, it's a real boon for traders looking for variety. I like being able to work with such a wide range of instruments because it opens up so many options for building different trading strategies. It really broadens your horizons and allows you to diversify your investments. However, there is one point I'd like to improve: the support service. Although it works at a good level during the week, it's not available at weekends, when many traders want to ask their questions. This is certainly a drawback, especially if it's an urgent situation. If support worked 24 hours a day, including weekends, I wouldn't hesitate to recommend this broker as an ideal choice for active trading.

ForexMart offre une large gamme d'outils de trading. Avec plus de 100 actifs de trading, dont le Forex, les crypto-monnaies, les contrats à terme sur métaux et les actions, c'est une véritable aubaine pour les traders en quête de variété. J'apprécie de pouvoir travailler avec une telle gamme d'instruments car cela ouvre de nombreuses options pour construire différentes stratégies de trading. Cela élargit vraiment vos horizons et vous permet de diversifier vos investissements.
Cependant, il y a un point que j'aimerais améliorer : le service d'assistance. Bien qu'il fonctionne à un bon niveau en semaine, il n'est pas disponible le week-end, lorsque de nombreux traders souhaitent poser leurs questions. C'est certainement un inconvénient, surtout s'il s'agit d'une situation urgente. Si l'assistance fonctionnait 24 heures sur 24, y compris les week-ends, je n'hésiterais pas à recommander ce courtier comme un choix idéal pour le trading actif.

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vickythegr8
27 weeks ago

If you're new to trading, the official ForexMart website is a godsend. You'll find lots of useful documents, training videos, advice on trading strategies and detailed instructions. All this helps beginners to quickly familiarize themselves with the system and start trading with confidence. For me, this was an important factor, as learning has always played a key role in my successful beginnings. However, for scalpers like me, this platform is not suitable. Due to certain peculiarities of order execution and possible delays with a high frequency of trades, this site may not be the best long-term choice for fast opening and closing of trades. For faster, more active strategies, a more specialized site is required.

Si vous débutez dans le trading, le site officiel de ForexMart est une aubaine. Vous y trouverez de nombreux documents utiles, des vidéos de formation, des conseils sur les stratégies de négociation et des instructions détaillées. Tout cela aide les débutants à se familiariser rapidement avec le système et à commencer à négocier en toute confiance. Pour moi, c'était un facteur important car l'apprentissage a toujours joué un rôle clé dans mes débuts réussis.
Cependant, pour les scalpeurs comme moi, cette plateforme n'est pas adaptée. En raison de certaines particularités de l'exécution des ordres et des retards possibles avec une fréquence élevée de transactions, ce site n'est peut-être pas le meilleur choix à long terme pour l'ouverture et la clôture rapides des transactions. Pour des stratégies plus actives et plus rapides, un site plus spécialisé est nécessaire.

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dmahapatra1231
28 weeks ago

What I particularly like about ForexMart is its affiliate programs, which offer great opportunities for additional income. This is a great opportunity for those who want to earn money even without trading directly. However, the real breakthrough for me was the ability to invest in auto-copy trading. This allows you to copy the trades of successful traders, which is ideal for people who don't have much experience or time to analyze the market. I chose a few experienced traders and started investing in their strategies. ForexMart's investment options are not very varied. For those looking for more options and more complex investment instruments, the choice may seem limited. This is certainly a slight drawback, especially if you want greater freedom to diversify your assets.

Ce que j'ai particulièrement apprécié chez ForexMart, ce sont ses programmes d'affiliation, qui offrent de grandes possibilités de revenus supplémentaires. C'est une grande chance pour ceux qui veulent gagner de l'argent même sans négocier directement. Cependant, la véritable découverte pour moi a été la possibilité d'investir dans le trading par auto-copie. Cela vous permet de copier les transactions des traders qui ont réussi, ce qui est idéal pour les personnes qui n'ont pas beaucoup d'expérience ou de temps pour analyser le marché. J'ai choisi quelques traders expérimentés et j'ai commencé à investir dans leurs stratégies.
Les options d'investissement de ForexMart ne sont pas très variées. Pour ceux qui recherchent plus d'options et des instruments d'investissement plus complexes, le choix peut sembler limité. Il s'agit certainement d'un léger inconvénient, en particulier si vous souhaitez disposer d'une plus grande liberté pour diversifier vos actifs.

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sampath
1 year 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
1 year 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
2 years 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
3 years 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.

Score:
6.46/10

Trading Account Opening

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.

Score:
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 criteria
9.2/10

Regulation and safety

ForexMart 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.

Advantages
  • Tier-1 regulated
  • Negative balance protection
  • Track record over 20 years
Disadvantages
  • 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 CySec Cyprus Securities and Exchange Commission Cyprus Up to €20,000 Tier-1
FSC (Belize) FSC (Belize) Financial Services Commission of Belize Belize No specific fund Tier-3

ForexMart Security Factors

Foundation date 2005
Negative balance protection Yes
Verification (KYC) Yes
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 criteria
6/10

Commissions and fees

The trading and non-trading commissions of broker ForexMart have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
Disadvantages
  • Above-average Forex trading fees
  • 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 Pepperstone OANDA
EUR/USD min, pips 0,8 0,5 0,1
EUR/USD max, pips 1,2 1,5 0,5
GPB/USD min, pips 0,8 0,4 0,1
GPB/USD max, pips 1,5 1,4 0,5

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 Pepperstone OANDA
Commission ($ per lot) 3 3 3,5
EUR/USD avg spread 0,1 0,1 0,15
GBP/USD avg spread 0,3 0,15 0,2

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 Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 1-3 0 0
Withdrawal fee, USD 1-2 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
7.02/10

Account types

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.

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 methodology
4.95/10

Deposit and withdrawal

ForexMart received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

ForexMart offers limited payment options and accessibility, which may impact its competitiveness.

Advantages
  • Minimum deposit below industry average
  • Bank wire transfers available
  • Low minimum withdrawal requirement
  • Bitcoin (BTC) accepted
Disadvantages
  • PayPal not supported
  • Only major base currencies available
  • Wise not supported

What are ForexMart deposit and withdrawal options?

ForexMart offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, Skrill, Neteller, BTC. This limitation may restrict flexibility for users, making ForexMart less competitive for those seeking diverse payment options.

ForexMart Deposit and Withdrawal Methods vs Competitors

ForexMart Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC Yes No No

What are ForexMart base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. ForexMart supports the following base account currencies:

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.

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.
6.25/10

Markets and tradable assets

ForexMart offers a limited selection of trading assets compared to the market average. The platform supports 150 assets in total, including 55 Forex pairs.

Advantages
  • Crypto trading
  • Copy trading platform
  • Indices trading
Disadvantages
  • No ETFs
  • Futures 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 Plus500 Pepperstone
Currency pairs 55 60 90
Total tradable assets 150 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment 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 Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading Yes No Yes
PAMM investing Yes No Yes
Managed accounts No No No
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.
7.1/10

Trading platforms & tools

ForexMart 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.

Advantages
  • MetaTrader is available
  • One-click trading
  • Free VPS for uninterrupted trading
  • Trading bots (EAs) allowed
Disadvantages
  • No access to cTrader and its advanced tools.
  • No TradingView integration
  • No access to a proprietary platform

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 Plus500 Pepperstone
MT4 Yes No Yes
MT5 No No Yes
cTrader No No Yes
TradingView No Yes Yes
Proprietary platform No Yes Yes
NinjaTrader No No No
WebTrader Yes Yes Yes

Key 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 Yes
Alerts Yes
Trading bots (EAs) Yes
One-click trading Yes
Scalping Yes
Supported 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 Plus500 Pepperstone
Trading Central Yes No No
API Yes No Yes
Free VPS Yes No Yes
Strategy (EA) builder Yes No Yes
Autochartist Yes No Yes
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.
2/10

Mobile apps

ForexMart 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.

Advantages
  • User-friendly interface
Disadvantages
  • Indicators not supported

We compared ForexMart with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

ForexMart Plus500 Pepperstone
Total downloads No data 10,000,000 100,000
App Store score No data 4.7 4.0
Google Play score No data 4.4 4.0
Mob. 2FA No Yes Yes
Mob. Indicators No Yes Yes
Mob. Alerts No Yes Yes
Score:
6.7/10

Education

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.

Score:
5.98/10

Customer support

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 CySEC
Official site forexmart.com
Contacts
443 300 104 195

Comparison of ForexMart with other Brokers

ForexMart Eightcap XM Group RoboForex LiteFinance InstaForex
Trading
platform
MT4 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5, MultiTerminal, Sirix Webtrader MT4, MultiTerminal, MobileTrading, MT5, WebTrader
Min deposit $1 $100 $5 $10 $10 $1
Leverage From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:1000
Trust management No No No No Yes Yes
Accrual of % on the balance No No No 10.00% 7.00% No
Spread From 0 points From 0 points From 0.8 points From 0 points From 0.5 points From 0 points
Level of margin call
/ stop out
30%  /  10% 80%  /  50% 100%  /  50% 60%  /  40% 50%  /  20% 30%  /  10%
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Instant Execution
No deposit bonus $150 No No No No No
Cent accounts Yes No No Yes Yes Yes

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.

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