Founded in 2015 and based in Limassol, Cyprus, ForexMart is an online trading broker that offers over 100 trading instruments across different asset classes, including forex currency pairs, share CFDs, spot metals, and cryptocurrency through the MetaTrader 4 and the broker’s proprietary trading platforms. They provide clients with a range of useful trading tools to enhance clients’ trading experience.
The broker also provides traders with favorable trading conditions, such as a leverage of up to 1:500, spreads from 0.0 pips with no requotes, and an excellent customer support team. They operate the No Dealing Desk (NDD) execution model. The broker has been honored with several industry awards, including the ‘Best new broker Europe 2016’ by ‘International Finance Magazine.
ForexMart Review Introduction
In this ForexMart review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ForexMart.
ForexMart Platforms & Tools
The broker provides traders with several powerful and intuitive trading platforms. They include the MetaTrader 4 and the broker’s proprietary ForexMart Trading platforms. The MT4 platform is easy to use and has lots of useful features and automated trading capabilities, including one-click trading, Expert Advisors, and a wide selection of charting and technical analysis tools.
ForexMart provides the MT4 platform as a desktop application for Windows and Mac computers and a web version that runs directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge. There are also mobile apps that are designed for Android and iOS devices.
The proprietary ForexMart trading platform is available as a web platform and a mobile app that is compatible with Android or iOS. ForexMart also gives clients access to a range of useful trading tools in addition to those built into the ForexMart and the MetaTrader 4 trading platforms. They include the ForexMart Copytrading, Economic Calendar, Virtual Private Server (VPS), and Economic News.
ForexMart Research & Education
The broker’s website has a good selection of educational materials which aim to improve traders’ skill and enhance their trading experience, and they include a glossary of over 200 terms and their explanations, educational articles and brochures, presentations on forex trading, and a FAQ section that has over 45 questions and answers on ForexMart services.
ForexMart Trading Accounts
The broker offers traders a wide choice of different account types, which are tailored to suit each individual trader’s needs and capital. All the accounts have leverage of 1:500 and low spreads that range from 0 to 2.0 pips. The accounts and their corresponding minimum required deposits are as follows: Classic ($15), Zero Spread ($1), Cents ($15), Pro ($200 and 1,000 Euros for European clients), Scalping (100 Euros), and Standard (15 Euro) Accounts.
Instant order execution is used for the ForexMart Standard and the ForexMart Zero spread accounts, whereas Market execution is used for all other account types. Demo Accounts are also available for practice purposes.
ForexMart Account Funding
The broker accepts the following payment methods as the available account funding and withdrawal options: Credit/Debit Cards such as Visa, MasterCard and Unionpay, and Online Payment processors, including Skrill, Neteller, PayCo, FasaPay, and AliPay.
Some fees may be charged when using certain payment methods, while the transaction processing time may vary, depending on the payment provider.
ForexMart Customer Service
The broker offers clients a multilingual customer support team that is available 24/5 to assist traders. They can be reached via telephone, instant live chat, email, or by filling the ‘call back’ form on the broker’s website. The team is also available on popular social media handles.
www.forexmart.com is operated by ‘Instant Trading EU Ltd’, a Cyprus Investment Firm that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The firm’s license number is 266/15. Also, www.forexmart.com is operated by ‘Trademart SV Ltd’, which is registered in Saint Vincent and the Grenadines. The registration number is 23071.
ForexMart Review Summary
ForexMart is a regulated online trading broker that offers multiple tradable assets via the MetaTrader 4 trading platform. The broker has a good selection of educational materials, multiple account options, trading tools, and supports social trading.
It is worth mentioning that some of the trading products and services in this ForexMart review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the ForexMart broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.