Pros
  • a diverse range of over 100 trading instruments.
  • auto-copy trading
Cons
  • not suitable for scalping
  • few investment opportunities
  • no MT5 platform
  • no PAMM accounts

Reviewed broker: ForexMart

Operated by Tradomart SV Ltd. 

Established in 2014

Location: Saint Vincent and the Grenadines.

Regulation: CySEC

STP environment: yes

Trading instruments: Forex currencies, cryptocurrencies, CFDs

Segregated accounts for clients’ funds: yes

US traders: not accepted

Awards: no awards received since 2020

Broker’s Trading Conditions

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 1:5000

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

VPS hosting: available

Number of currency pairs: 108

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

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

Copy Trading Forex: available. Earn by copying the transactions of other successful traders.

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.

Trading Platforms

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.

Payment Options

Minimum deposit requirement $1

Payment methods include credit cards, Skrill, Neteller, Payco, Fasapay, Bitcoin, Bitcoin Cash, Tether, Wire transfer

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

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 2024 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.  

ForexMart Details

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