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ForexMart

5.85
Total score

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ForexMart (pronounced “Forex Mart”) is an international company providing brokerage services worldwide, except for countries such as the United States, North Korea, Myanmar, Sudan and Syria. The broker is part of the TradoMart Ltd group and was registered in Cyprus in 2015.

ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC, license #266/15). In addition, the company is a member of the European Securities Market Supervisory Authority (ESMA), which guarantees compliance with strict European standards of financial activity.

ForexMart offers its clients a wide range of trading instruments, including currency pairs on the Forex market, futures contracts on stocks and precious metals. These instruments allow traders to diversify their investments and effectively manage risk.

Over the years, ForexMart has received several prestigious awards confirming its reliability and high quality of services. In 2016, the company was awarded the title of “Europe’s Best New Broker” by the international financial magazine IFM. A year earlier, in 2015, ForexMart was awarded the title of “Asia’s Most Promising Broker” by ShowFX World.

Regulated by CySEC, ForexMart ensures a high level of security and protection of its clients’ investments. Participation in ESMA further emphasizes the company’s commitment to comply with European standards and regulations.

ForexMart has established itself as a reliable and innovative broker offering a variety of trading tools and high standards of service. Thanks to strict regulation and recognition in the financial industry, the company provides its clients with confidence and support at every stage of trading.

  • Account currency

    USD

  • Minimum deposit

    1 dollar

  • Leverage

    1:500

  • Spread

    From 0.0 point

  • Instruments

    Forex currency, cryptocurrency, CFDs

  • Margin call / Stop out

    30% / 10%

Pros

  • A wide range of trading instruments: Clients have access to over 100 trading units, including Forex currency pairs, cryptocurrencies, as well as futures contracts on metals and stocks. Such a diverse selection allows traders to effectively diversify their investments.
  • Training materials and useful tips: The official website of the company offers a lot of training materials and useful tips for traders. This helps both beginners and experienced traders to improve their skills and make informed trading decisions.
  • Interesting affiliate programs: ForexMart offers a variety of affiliate programs for those who want to make additional profits. In addition, there is an opportunity to invest in autocopying trades, which allows novice traders to follow the strategies of more experienced colleagues and make profits with minimal effort.

Minuses

  • Limited working hours of the support service: The support desk is only open Monday through Friday (24/5), which can be inconvenient for traders who need help on weekends.
  • Unsuitable for scalping: ForexMart's trading conditions are not optimal for scalping, which can be a limitation for traders who prefer this strategy.
  • Limited Investment Opportunities: The Company offers a limited number of investment opportunities, which may not meet the needs of some investors.
  • Lack of MetaTrader 5 (MT5) platform: ForexMart does not support the MT5 platform, which is popular among traders for its advanced features and capabilities.
  • Small set of analytical tools: Compared to some competitors, ForexMart offers fewer analytical tools, which can limit traders from conducting in-depth market analytics.
  • Lack of PAMM-accounts: The company does not provide PAMM-accounts, which can be a disadvantage for traders interested in managing other people's funds or investing in managing traders.
  • Not all trading advisors work stably: Some trading advisors may work unstably, which can affect the results of automated trading.

Customer geography

  • Malaysia
    46.1%
  • Bangladesh
    13.6%
  • Indonesia
    9.3%
  • Russia
    8.4%
  • Germany
    5.3%
  • South Africa
    4.4%
  • United Kingdom
    3.8%
  • Spain
    3.7%
  • Thailand
    3.2%
  • Ukraine
    2.6%
  • Others
    10.6%

Expert evaluation

Sarah Miller
Financial analyst, expert

ForexMart broker (ForexMart) is recognized by the participants of our international association as a company with favorable conditions for trading on the currency market.

Since the beginning of cooperation ForexMart reliably fulfills its obligations to MOFT. Despite its relatively recent appearance on the market, the broker has already established itself as a promising player.

ForexMart offers its clients demo accounts, which are convenient for familiarizing with the trading terminal and studying the mechanism of market operation. These accounts are also suitable for testing strategies. In addition to demo accounts, the broker provides various types of live accounts, allowing each trader to choose the best option for their trading strategy. Clients can also invest in autocopying trades or use one of the affiliate programs for additional profits.

ForexMart is suitable for both novice traders and professionals. The company has been a MOFT partner for several years, and during this time there have been no significant complaints about its work. In case of any questions or disagreements, the support service promptly resolves them.

ForexMart continues to strengthen its reputation as a reliable and professional broker, providing quality services and maintaining a high level of customer service.

Analysis

5.85
Overall score
5.64
Order execution
6.06
Investment instruments
5.7
Withdrawal speed
6
Customer support performance
5.48
Number of instruments
6.22
Trading platform
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Ribeit

For each transaction made in ForexMart, regardless of its result, MOFT pays clients a reward in the form of a rebate, which can be withdrawn immediately without restrictions. Trading conditions for the client remain the same, but thanks to cooperation with MOFT, the trader receives additional funds.

Rebate terms and conditions

For each trade in ForexMart, even if it is unprofitable, MOFT pays the trader a rebate of 80% of the broker’s income per lot:

  • Classic/Cents – 40% of spread
  • Pro – $2
  • Zero Spread – $10

Example of rebate calculation

Suppose you trade 1 lot per day. For EUR/USD, 1 lot is 100,000 units of the base currency. The pip cost for 1 lot is $10 and the spread is 2 pips. If you worked directly with ForexMart, your spread costs for the day would be $20. MOFT receives from the broker 40% of the spread on Classic and Cents accounts, and 80% of this amount is transferred to the trader. Thus, the amount of compensation will be $20 * 0.4 * 0.8 = $6.4. The real cost of a trader cooperating with MOFT will be $13.6 instead of $20.

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Trading conditions

ForexMart brokerage company offers attractive trading conditions for traders all over the world. Here are the main advantages:

  • Minimum transaction volume: 0.01 lot for all types of trading accounts.
  • Minimum spread: from 0.0 pips, which allows traders to maximize the efficiency of their investments.
  • Minimum deposit: only 1 dollar, which makes trading accessible for traders with any level of capital.

These conditions make ForexMart a convenient and affordable choice for beginners and experienced traders alike, providing flexibility and low trading costs.

  • Trading platform

    MT4

  • Accounts

    Classic, Pro, Cents, Zero Spread

  • Account currency

    USD

  • Deposit/withdrawal

    Visa, MasterCard, e-wallets Skrill, Neteller, fasaPay, UnionPay, PayCo, Alipay, Bitcoin

  • Minimum deposit

    1 dollar

  • Leverage

    1:500

  • PAMM accounts

    no

  • Minimum order

    0.01 lots

  • Spread

    From 0.0 point

  • Instruments

    Forex currency, cryptocurrency, CFDs

  • Margin call / Stop out

    30% / 10%

  • Liquidity provider

    Barclays, HSBC

  • Mobile trading

    yes

  • Affiliate program

    yes

  • Order execution

    Market

  • Trading features

    There is trading in cryptocurrencies, advisors, autocopying

  • Contests and bonuses

    yes

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Commissions

Our analysts have thoroughly checked ForexMart brokerage company for trading and non-trading commissions. Here are the results of the check:

Trading commissions

  • Spreads: We have considered the spreads of the company as the main trading commission. ForexMart’s minimum spread starts from 0.0 pip, which makes trading more favorable for traders.

Non-trading commissions

  • Withdrawal fees : In the category of non-trading fees, additional withdrawal fees were analyzed. Our analysts revealed that ForexMart strives to minimize these costs for its clients by offering competitive terms.

Thus, ForexMart demonstrates transparency and favorable conditions both in terms of trading and non-trading commissions, which confirms its attractiveness for traders.

Account type
Spread / commission
Withdrawal fee
Zero Spread
from 0$
No
Classic
from 10$
No
Cents
from 10$
No
Pro
from 6$
No

Broker Overview

ForexMart is one of the promising young trading companies providing forex services all over the world. The exceptions are the USA, North Korea, Myanmar, Sudan and Syria. The broker is registered in Cyprus in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). This ensures the safety and security of clients’ assets, allowing them to focus on trading and generating income.

Educational materials and tools

ForexMart pays great attention to the education of its clients. The company’s website has an extensive section with educational materials useful for both beginners and experienced traders. The company offers four types of live accounts with a minimum deposit starting from 1 US dollar. A free demo account is available for testing strategies and familiarizing yourself with the trading platform.

Variety of trading strategies

ForexMart is suitable for traders using various trading strategies, including automated EA trading and news trading. An auto-copying function is also available. Order execution on all accounts is market-based, and on the Zero Spread account it is instantaneous.

Trading platforms

ForexMart clients are provided with the popular trading platform MetaTrader 4 (MT4), available for computers and mobile devices based on Android and iOS.

Analytical services

ForexMart offers a wide range of analytical services including:

  • Technical and Fundamental Market Analysis: Allows traders to get the information they need to trade effectively.
  • Economic Calendar and Market News: Indispensable tools for trading on news and tracking factors affecting volatility.
  • Currency Converter.

Types of trading accounts

Classic:

  • Minimum deposit: $15
  • Minimum spread: 1 pip
  • Average spread: 1.2 pips

Pro:

  • Minimum deposit: $200
  • Minimum spread: 0.6 pips
  • Average spread: 0.8 pips

Cents:

  • Минимальный депозит: $15
  • Минимальный спред: 1 пункт
  • Средний спред: 1.2 пункта

Zero Spread:

  • Minimum deposit: $1
  • Fixed zero spread
  • Instant execution of orders

Bonuses in ForexMart

  • 30% Deposit Bonus: Increases the volume of trades without additional investments.
  • No Deposit Bonus: Allows you to start trading without depositing (temporarily suspended).

Deposit and withdrawal of funds

ForexMart offers several deposit and withdrawal options:

  • Bank cards: Visa, MasterCard
  • E-wallets: Skrill, Neteller, fasaPay, UnionPay, PayCo, Alipay, Bitcoin

Minimum withdrawal amount:

  • To bank account: $300
  • To card and e-wallets: $20

Processing time:

  • Bank Account: 1-5 days
  • E-wallets and cards: up to 48 hours

There is no withdrawal fee, but may be charged by banks.

Support service

ForexMart support service works 24 hours a day, 5 days a week, providing assistance and advice to clients.

ForexMart is a reliable broker with attractive conditions for traders of all levels, offering high quality services and support. Join ForexMart and start earning today!

Advantages

  • Control by a trusted regulator: The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures a high level of safety and security.
  • Good liquidity: ForexMart provides high liquidity, which allows traders to make trades quickly and at favorable prices.
  • Attractive trading conditions: Four account types (Classic, Pro, Cents, Zero Spread), not counting the demo account. Low spreads starting from 0 pips.
  • Over 100 trading instruments: Including currency pairs, stocks, cryptocurrencies and futures.
  • Abundance of educational materials: The company's website offers a lot of educational resources for traders of any level.
  • Negative Balance Protection: Ensures that traders cannot lose more funds than they have in their account.
  • Possibility of automatic trading: The use of trading advisors is allowed and autocopying of trading operations is available.
  • Swap-free account option: Suitable for traders who do not want to pay swaps to rollover positions to the next day.
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ForexMart account overview

To make it easier for you to get started with ForexMart broker, please read the following information:

1. Logging in to my Personal Area

You can log in to your ForexMart personal account from the main page of the broker’s website. Click “Log In” and select the type of account: for clients or for partners.

2. Authorization

To authorize, enter your login (email address or account number) and password.

3. Registration

If you do not have an account, select the “Register” tab. Fill in all fields of the registration form and pass verification.

4. Home Trade

After registration or authorization in your ForexMart personal cabinet, you will be able to:

  • Deposit to account
  • Download and launch MT4 terminal
  • Select a trading instrument
  • Start trading

Additional Features of the Personal Account

The following functions are available in the ForexMart personal cabinet:

  • Up-to-date analytical information: Get the latest data to make informed trading decisions.
  • Trading statistics with Expert Advisors: Track the effectiveness of automated trading strategies.
  • Information about promotions and bonuses: Keep up to date with all offers and promotions.
  • Affiliate programs efficiency and profitability statistics: Analyze the results of your participation in affiliate programs.
  • Trading and Financial Transaction History: View all your trades and deposit/withdrawal transactions.
  • Up-to-date quotes: Follow the current market prices in real time.
  • Support: Get professional advice and assistance.

These features make working with ForexMart convenient and efficient, providing traders with all the necessary tools and information for successful trading.

Answers to questions

  • How to open a trading account in ForexMart

  • What types of accounts does ForexMart offer?

  • What trading platforms are available in ForexMart

  • How to deposit and withdraw funds from ForexMart

  • What bonuses and promotions does ForexMart offer?

  • How does ForexMart support service work?

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