ForexMart Review

Why choose ForexMart

Offers a variety of account types with competitive spreads and flexible trading conditions.

Pros

  • Multiple account options, competitive spreads, and user-friendly platforms.

Cons

  • Limited regulatory oversight; primarily focuses on forex and CFDs.
ForexMart

ForexMart

Fee Level:

Inactivity Fee:

Medium

Index CFD Fee:

None

Investor Protection:

Medium

Mobile Platform:

Compensation schemes vary by jurisdiction.

Visit ForexMart

Provides a cost-effective trading environment with minimal fees.

Pros

  • No inactivity or withdrawal fees; competitive forex spreads starting from 1.0 pips.

Cons

  • Limited investor protection depending on regulatory jurisdiction.

Implements security measures such as negative balance protection and segregated client funds.

Pros

  • Provides negative balance protection and segregated client funds.

Cons

  • Limited investor protection for clients in certain regions.

ForexMart allows funding via bank transfers, cards, Skrill, Neteller, and local payment solutions. Deposits are instant; withdrawals take 1–5 days.

Pros

  • Instant deposits, multiple funding options, no deposit fees.

Cons

  • Instant deposits, multiple funding options, no deposit fees.

ForexMart has a fully digital account setup, with ID verification taking 1–3 days.

Pros

  • Easy registration and low deposit requirements.

Cons

  • Easy registration and low deposit requirements.

ForexMart provides mobile trading through the MetaTrader 4 (MT4) app, allowing traders to manage their accounts and execute trades from mobile devices.

Pros

  • Access to MT4 features, user-friendly interface.

Cons

  • Limited advanced functionalities compared to desktop version.

ForexMart offers the MetaTrader 4 platform for desktop users, providing a stable trading environment with comprehensive analytical tools.

Pros

  • Robust analytical tools, customizable interface, support for Expert Advisors.

Cons

  • No two-step (safer) login, lacks some modern features of newer platforms.

ForexMart offers a range of trading instruments, including Forex pairs, commodities, indices, and shares, catering to diverse trading preferences.

Is ForexMart a regulated broker?

ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15. However, it's important to note that the Financial Conduct Authority (FCA) in the United Kingdom lists ForexMart as a 'Suspicious Clone' under license number 728735. This indicates potential regulatory concerns.

What are the deposit and withdrawal options?

ForexMart supports various payment methods, including Visa, MasterCard, and PayCo. Deposits and withdrawals can be managed through the 'Finance' tab in the client's account area. Processing times and any associated fees may vary depending on the chosen method.

Are there any regional restrictions?

Yes, ForexMart does not offer its services to residents of certain jurisdictions, including the USA, North Korea, Myanmar, Sudan, and Syria. This is due to regulatory constraints in these regions.