ForexMart Review

ForexMart is a reputable forex broker which has been operating since 2014. It’s based in Saint Vincent and the Grenadines. It’s owned and operated by the offshore company Tradomart SV ltd. Continue reading to learn if this broker is the right fit for you.

ForexMart Pros and Cons

Is ForexMart Secure?

ForexMart is regulated by CySEC under the license number 266/15. This provides some level of oversight and consumer protection for traders in the EU. In addition to it, It also operates under the MiFFID II. This allows it to offer services across the European Economic Area.

Markets and Products

At ForexMart, you can trade:

• Forex
• Commodities
• Indices
• Stocks
• Cryptocurrencies

The availability of specific instruments may vary based on the account type, and regional restrictions.

ForexMart Fees and Charges

Good news. ForexMart doesn’t charge any deposit fees or inactivity fees. But, depending on your banking method, withdrawal fees might incur.

ForexMart Account Types & Account Opening

Besides the free demo account, there are four account types:

• ForexMart Classic
• ForexMart Pro
• ForexMart Cents
• ForexMart Zero Spread

Account Type	Min Spread	Commission	Min Lot	Minimum Deposit	Maximum Leverage
ForexMart Classic	1 pip	None	0.01	$15	1:3000
ForexMart Pro	0.6 pip	None	0.01	$200	1:3000
ForexMart Cents	1 pip	None	0.1 (Cent lots)	$15	1:3000
ForexMart Zero Spread	0.0 pip	None	0.01	$500	1:200

How to Open an Account

To open a ForexMart account:

• Visit the website
• Click the “Register button”
• Fill in the information
• Choose the account type you want
• Make a deposit

Trading Platforms

ForexMart offers the trusted MetaTrader4 platform. Many competitors offer more, at least in combination with MT5.

Mobile Trading Platform

ForexMart doesn’t offer a dedicated mobile trading app directly. The MT4 platform can be downloaded on mobile devices. You can download it for free.

ForexMart Research Tools

Luckily, ForexMart offers several research tools such as Economic Calendar, Market Analysis, Economic News. Again, many brokers offer more, but this isn’t bad at all. 

ForexMart Educational Content

This comes as a disappointment. There is only an education brochure available on the website when it comes to educational content. This means that the broker is definitely not beginner friendly. Even if you’re not a beginner, searching for tips and tricks, there is not enough content.

Customer Service Overview

The customer support is available 24/5. You can contact it via:

• Viber
• Whatsapp
• Telegram
• Email: support@forexmart.com
• Skype: support_forexmart
• By requesting a callback

ForexMart Deposit and Withdrawals

The deposit and withdrawal methods that ForexMart accepts are:

• Skrill
• Neteller
• PayCo
• FasaPay
• Bitcoin
• Bitcoin Cash
• Tether
• Local Bank

Some of the withdrawal methods have transaction fees that go up 3%. 

ForexMart Online User Reviews and Ratings

The Trustpilot reviews are not the best. Out of only 10 reviews, 90% of them are 1 star. Users have issues with withdrawals, and the terms and conditions. It’s really hard to decide whether the broker is good based on these reviews. At the same time, it’s not always a good idea to rely on the reviews. Mixed feelings definitely.

Author Opinion on ForexMart

ForexMart runs a European trading service with CySEC oversight. They give traders options with Classic, Pro, Cents, and Zero Spread accounts. The Zero Spread account starts from 0.0 pips without commission, which works well for most traders.

The CySEC license means basic protection, but it’s not as strict as UK or Australian rules. Something to think about if security matters most to you.

Trading happens through MetaTrader 4 and 5, but there’s no proper phone app. Most big brokers now offer their own apps, so ForexMart falls behind here. The platform setup works fine but lacks advanced tools some traders need.

New traders might struggle here – the learning materials stay basic. Market research also keeps things simple with just calendars and basic analysis. For deeper market insights, you’ll need to look elsewhere.

The feedback from traders raises some flags. While some people like the support team, quite a few mention trouble getting their money out. That’s worth knowing before you deposit.

ForexMart works if you want low trading costs and different account types. But if you need strong regulation, good learning tools, or guaranteed smooth withdrawals, check out other brokers first. It’s a mixed bag – decent for trading costs but leaves gaps in other areas.

FAQ