ForexMart Review

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ForexMart is a well-established broker since 2014. ForexMart has a headquarter in Cyprus. It is are generally well-suited for ForexMart to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by CySEC 266/15. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
forexmart.com

Established
2014

Country
Cyprus

Regulation
CySEC 266/15

Features

Bonus offers

Trading contests

Free education

Segregated accounts

Affiliate program

Islamic accounts available

Vps



Account Information

Apart from the forex demo account, this broker offers Classic, Zero Spread, Cents and Pro. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by ForexMart is up to 1:500. Meanwhile, you can open an account with a starting capital of $1

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$1

Maximum Leverage

1:500

Spread

Variable and Fixed

Commission

$20


Minimum Deposit $15

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, ForexMart also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:500

Gold & silver
1:100

Energies
1:10

Cryptocurrencies
1:2


Minimum Deposit $1

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, ForexMart also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:500

Gold & silver
1:100

Energies
1:10

Cryptocurrencies
1:2


Minimum Deposit $15

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, ForexMart also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:500

Gold & silver
1:100

Energies
1:10

Cryptocurrencies
1:2


Minimum Deposit $200

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, ForexMart also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:500

Gold & silver
1:100

Energies
1:10

Cryptocurrencies
1:2

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

ForexMart also provides payment with AliPay, Credit/debit cards and UnionPay



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, ForexMart offers you MetaTrader 4.

Customer Support

Do you have any question or find any trouble related to ForexMart? If you do, you should reach ForexMart's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Bengali/Bangla
Bulgarian
Chinese
Czech
English
French
German
Indonesian
Japanese
Malay
Polish
Portuguese
Russian
Spanish

Office
Support

Email
Support

Call
Support

Chat
Support

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.



FAQ About ForexMart

Is ForexMart a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if ForexMart is a good broker for you or not by reviewing the criteria. In general, ForexMart provides trading service in Forex , Gold & silver , CFD , Energies and Cryptocurrencies . As for the payment methods, you can choose between AliPay, Bitcoin, Credit/debit cards, FasaPay, Neteller, Skrill, UnionPay and Wire transfer. The customer support is available via Callback, Email, Forum, Live chat, Phone and Skype.


What is the minimum deposit for ForexMart?

The starting capital in ForexMart is $1.


Is ForexMart regulated?

ForexMart is regulated by CySEC 266/15. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is ForexMart legit?

ForexMart is a brokerage company offering trading services for clients since 2014 with offices in Cyprus.


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