Reviewed broker: ForexMart
Operated by Tradomart SV Ltd. (Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines.
Established in 2014
Location: Cyprus
Regulation: CySEC
STP environment: yes
Number of currency pairs: 108
Trading instruments: forex, CFDs on shares and metals
US traders: not accepted
ForexMart Review : Account, Payments and Trading Conditions
Trading platform: Metatrader 4
Advanced charting: available
Technical indicators: yes
Back testing environment: yes
Expert Advisors: yes
Hedging: allowed
Scalping: allowed
One-click trading: yes
Markets
There are over 150 online trading instruments available at ForexMart, including:
- Forex – 108 major, minor and exotic currency pairs including EUR/USD and USD/JPY
- Shares – 43 CFD contracts with global companies including Apple and Microsoft
- Cryptocurrencies – 5 digital currencies including Bitcoin and Ripple
- Commodities – Spot gold and silver, plus crude oil and natural gas
- Indices – 7 popular indices including FTSE 100 and NASDAQ
Spreads & Commission
Pricing varies depending on what instrument you are trading and is determined by the six different account types on offer. Floating spreads in the Classic account are around 1.2 pips for major forex pairs such as EUR/USD, whilst Pro account spreads average around 0.8 pips for the same pair.
Commission-free trading is also available on forex but the Zero Spread account charges between 0.02% and 0.07%. There is also a 0.10% commission on CFD shares and cryptocurrencies, a $10 fee per lot on indices and $40 per lot on energies.
Metatrader 4 Download for Mac, Mobile, Web
Trade anytime and anywhere using our ForexMart mobile application, designed to support your trading needs. You can access charts and your account, trade, and avail of our other services. It is free to download on the App Store or Google Play.
MetaTrader 4 for Desktop
Use the most powerful and user-friendly platform for trading on Forex. MetaTrader 4 allows you to monitor several charts simultaneously, trade directly from the chart, place and manage multiple orders. The software is free and easy to install.
ForexMart for Web Terminal
Open your browser and trade on the go. You can access your account and trade as usual without downloading or installing any software. We guarantee that trading with our web platform is safe with your information securely encrypted.
ForexMart Review : Automated Trading, Expert Advisors and Payment Options
Automated trading: available
Account types: standard, zero spread
Demo practice account: available
Islamic swap free accounts: available
Deposit/withdrawal fees: no
Minimum deposit requirement: $1
Payment methods: credit cards, Neteller, Skrill, Paypal, paxum
Deposit accepted in USD, EUR, GBP
Minimum trade size: 0.01
Maximum leverage up to 1:1,000
Margin call: 30%
Stop out: 10%
Fixed spreads start from 2 pips on majors
Variable spreads start from 0.0 pips plus 2 pips commission per standard lot
ForexMart Review : Learning Material and Latest Promotions
Promotions and bonuses: at the time of the review, the broker offered 30% welcome bonus, no deposit bonus of up to $150
Trading contests: MoneyFall contest prize fund $850
VPS hosting: available
Customer support: email, phone, online chat, feedback form
You do not need to open a live account to learn forex trading. Using our demo account, you can improve your trading skills in a risk-free environment for free!
- MT4 trading platform
- Up to $500,000 demo balance
- Real-time market quotes
- 24/5 Customer Support
It only takes a few minutes to register a demo account.
How was the rating of ForexMart performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on ForexMart FX broker performance and features.
Overall our online ForexMart review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online ForexMart or you find inaccurate details ForexMart broker review please get in touch with us and the changes will be applied.
