ForexMart Review

$1MIN. DEPOSIT
5,000:1
Up to $1,000
YesNO DEP. BONUS
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ForexMart
Up to $1,000
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Overview

Company Information ForexMart is among the crème-de-la-crème of Forex brokerages in the online galaxy. They are inherently devoted to being a trader’s most loyal FX partner. The currency exchange entity… more

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Details

BrokerForexMart
Website URLhttps://www.forexmart.com/
Founded2015
HeadquartersCyprus
Support Number+44 207 1933 236
Support Emailsupport@forexmart.com
Support TypesPhone, E-mail, Live Chat
LanguagesEnglish, Bulgarian, Czech, Chinese, Russian, Portuguese, French, Indonesian, Spanish, Polish, Malay, German, Japanese
Minimum 1st Deposit$1
Minimum Trade Amount0.01 lots
BonusUp to $1,000
Payout5,000:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC, BaFin, AMF, FCA, CONSOB
Account TypesECN Standard, ECN Zero, Micro
Deposit MethodsBank Transfer, VISA, MasterCard, Skrill, NETELLER, PayCo, PayPal, Qiwi, MegaTransfer, Paxum, UnionPay, SOFORT, WebMoney, bitcoin, Yandex Money, Moneta.ru, FasaPay
Withdrawal MethodsBank Transfer, VISA, MasterCard, Skrill, NETELLER, PayCo, PayPal, Qiwi, MegaTransfer, Paxum, UnionPay, SOFORT, WebMoney, bitcoin, Yandex Money, Moneta.ru, FasaPay
Types of AssetsForex, Spot Metals, Shares, Bitcoin, Ruble
Account CurrencyUSD, CNY, MYR, EUR, IDR, RUB, GBP, THB
ECN Broker Yes
Scalping Allowed No
Managed Yes
Lowspread Yes
Forex Demo Contests Yes
Forex Live Contests No
US Traders Allowed No

Full Review

Company Information

ForexMart is among the crème-de-la-crème of Forex brokerages in the online galaxy. They are inherently devoted to being a trader’s most loyal FX partner.

The currency exchange entity takes astounding pride in not having a dealing execution. Hence, they safeguard that an investor obtains exact, transparent pricing and the process time of all trades is as fast as you could ever imagine.

Another characteristic of the company is that it automatically closes a trader’s positions if his/her account balance drops below the margin prerequisites, thus limiting the risks which he/she might incur.

At investor’s easy disposal is a stupendous education centre where he/she can discover various tools and resources irrespective of his/her cognizance.

ForexMart sternly adheres to regulations and industry standards by segregating their own assets from client funds, ensuring your capital is safe and sound at any time. The company is not into proprietary trading and uses its resources to hedge against trades.

The enterprise tops it all off with unmatched customer service where 24/5 help accommodates every FX trading need and concern in a quick and efficient fashion.

Priding itself on multitudes of awards, ForexMart is stringently regulated by a number of oversight entities, including CySEC, CONSOB, MiFID, BaFin, FCA, and AMF.

Trading Information

Besides a demonstration account, which is quite the convenience for newbie investors, ForexMart packs three (3) live accounts with distinctive perks.

The ECN Standard live account requires no minimum deposit and has a whopping maximum leverage of 5,000:1. Additionally, there are 150+ trading instruments, no specific fees, and available micro lots. The ECN Standard is a swap-free account, spreads commence at 2 pips, and the Margin Call/Stop Out levels are 30% and 10%. EAs are supported.

The ECN Zero live account is characterised by a truly unique feature. For incepting a trade, there is no requirement for a spread to be paid. With this account, there is always an equivalence between the BID and the ASK price. Micro lots are available, the account is swap free, and the Margin Call and Stop Out levels are 30% and 10% respectively. In addition, there are EAs, from 30 to 50% bonus, as well as a humongous max leverage of 5,000:1.

ForexMart recommends the Micro live account to avid traders who’d like to acquaint themselves with FX trading’s particulars. The minimum lot value is set to 0.01 cent lots. The bonus range for the Micro account is between 30% and 50% while the maximum leverage can reach a mind-boggling 5,000:1. Spreads begin at 2 pips, EAs are available, and the account is swap-free. An extra perk for this account are the tight fixed spreads and all trading instruments.

The Micro account’s currencies are solely EUR and USD, while the ECN accounts can utilise the following ones: USD, CNY, MYR, EUR, IDR, RUB, GBP, and THB.

In line with the latest financial trends, the corporation permits cryptocurrency trading in the form of bitcoins.

Trading Platforms

ForexMart has its own flashy version of the top-notch MetaTrader 4. The ForexMart MT4 supports 40+ technical indicators, several trade size allocation methods, and has a customisable interface. Additionally, the MetaTrader 4 enables customers to closely track a number of charts simultaneously, trade straight from a given chart, as well as place and manage multiple orders. The MT4 has easy installation and is free.

If an investor would like to make use of his/her browser without any unnecessary downloads, he/she may utilise the Web Terminal of ForexMart. Accessing one’s account is available without any installations or downloads of software. Rest assured that your information and private details are securely encrypted and the platform is utterly safe. Thanks to the platform, you can place any kind of orders, CFDs, trade currencies, as well as other services offered with precise technical indicators.

ForexMart brought trading on the go to a superior level with the advent of its ground-breaking mobile applications, available for both iOS and Android. Equipped with the app and a mobile device, you can access the latest charts where real-time quotes make your trading experience a breath of fresh, financial air. The free-to-download app also gives you the option to browse the latest market data and trends, and everything is presented in a simple layout for a convenient navigation.

Security and Customer Services

Besides having obtained several awards from reputed financial organisations, for ForexMart’s utmost security speaks the fact that it is being stringently regulated by multiple oversight entities. These include the Cypriot CySEC, the UK’s FCA, the Dutch AMF, the French AMF, the Italian CONSOB, the German BaFin, and the MiFID of the European Commission. Additionally, the Forex enterprise is certified by the Investor Compensation Fund, which brings additional safety for the Forex company’s respected clients. Segregated accounts ensure people’s moneys are kept separate from the enterprise’s own assets.

ForexMart is among the most pioneering currency exchange corporations when it comes to customer support. Besides the typical live help, e-mail, and phone assistance, the company also provides Skype, WhatsApp, and ICQ support 24/5. The dedicated customer service answers traders’ queries from London, Limassol, Berlin, and Paris.

The website’s English, Bulgarian, Czech, Chinese, Russian, Portuguese, French, Indonesian, Spanish, Polish, Malay, German, and Japanese versions enable traders from across the globe to better acquaint themselves with the roller-coaster world of Forex trading.

Deposits and Withdrawals of ForexMart

At ForexMart, you won’t ever find deposit commissions. Nonetheless, remember that fees by payment systems may be applicable. Therefore, to offset some inconveniences, the Forex entity compensates all client deposit fees. Withdrawal fees, however, hinge on the method of payment.

Bank Transfers, credit cards (VISA & MasterCard), as well as e-wallets (PayCo, Skrill, Qiwi, NETELLER, PayPal, MegaTransfer, Paxum, and UnionPay) are the deposit options accessible. Bank wires necessitate 2-4 working days. PayPal is processed in 2-3 business days. Deposits via Skrill, VISA & MasterCard, and NETELLER require a 24-hour timeframe. Paxum needs 1-7 working hours, while PayCo, Qiwi, UnionPay, and MegaTransfer are instantaneous.

Withdrawals are carried out via the exact same options used for depositing. UnionPay, Paxum, MegaTransfer, NETELLER, and Skrill’s process times are 1-7 business hours, while all other withdrawal methods require between 24 hours and 4 working days.

The minimum initial deposit at this Forex broker is 1 EUR, USD, RUB, or GBP.

Deposit Bonus and Loyalty Programmes

ForexMart is a fan of pampering its respected customers. For that reason, it has established a Bonus Lucky Draw.

Every trader has a chance to secure $1,000. For that to happen, he/she only has to deposit $300 in his/her trading account and he/she will automatically join the lottery. Random electronic draws determine the winners. Bear in mind that this bonus is not withdrawable. The brokerage reserves the right to call off the promotion at any time.

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