This broker has also been regulated by CySEC 266/15.
Extensive Review
ForexMart is a forex and CFD broker who is operated by Tradomart SV Ltd. (Reg No.23071, IBC 2015) with a registered office at Saint Vincent and the Grenadines. ForexMart does not provide services for residents of certain countries, such as the United States, North Korea, Myanmar, Cuba, Sudan, Syria, and some other regions. Though ForexMart does not mention their regulation status, they still keep the clients' funds fully segregated from its assets.
ForexMart is committed to provide high-class trading software by giving excellent trading experience for the clients. ForexMart also protects their clients' accounts from any fraudulent activity. For those who are newbies, ForexMart kindly helps them by providing comprehensive knowledge needed for successful trading. There are several tools available at ForexMart, including pip calculator and margin calculator. There is also a currency converter with up-to-date charts that covers the minimum and maximum bid and ask over a 24-hour period.
For the trading platform, ForexMart offers some tools. Clients are allowed to trade on ForexMart either by a mobile application, MetaTrader 4, or WebTrader. ForexMart's mobile application is designed to support traders' needs on trading anytime and anywhere. While MetaTrader4 (MT4) is offered as the most powerful, easy-to-use platform, as well as chart tracker.
MT4 also enables traders to trade directly from the chart, place orders, and manage multiple orders. Lastly, trading in ForexMart is also offered a choice to utilize a WebTrader, which enables traders to access their accounts and trade as usual without downloading or installing any software. They can place any type of orders, trade currencies, CFDs and other products, as well ase make use of accurate technical indicators.
ForexMart offers several types of trading accounts with different characteristics and trading conditions for their clients. Those different accounts are offered to fulfill traders' needs on the most suitable option for a particular trading strategy. Moreover, the lowest spreads offered by ForexMart helps to reduce trading costs.
By opening an account in ForexMart, traders can access a wide array of financial instruments to help them create a diversified portfolio. The instruments offered are currencies, CFDs on shares, spot metals, and cryptocurrency. Spot metals are gold and silver, while cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Ripple.
For deposit and withdrawal, ForexMart accepts fund payment through bank transfer, credit card (Visa, MasterCard), and e-payment (Neteller, Skrill, PayCo). There is no charge for deposit fees, while withdrawal fees vary depending on the payment method.
Last but not least, clients' trading convenience is ForexMart's utmost priority. Thus, their customer support team is available 24 hours a day and 5 days a week to assist clients with any trading issues and questions. As a fairly new entrant in the forex market, it offers a straightforward website with the basic features needed by beginners.