ForexMart Guide – Read our In-Depth ForexMart Review
ForexMart Rating: 6.86 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This ForexMart review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this ForexMart review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and brokerage, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient at all of the concepts of broker as you continue trading. For starters, you need to choose the ideal broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan will create hefty returns. ForexMart is one such platform that will take you along with your investment to great heights. It is crucial to understand about ForexMart before you trust them with your money.
ForexMart Guide – Quick Overview
ForexMart Telephone Number:
+ 44 203 097 6697
ForexMart Email Address:
Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ ForexMart users and traders
ForexMart Facebook Likes:
ForexMart Twitter Followers:
ForexMart Instagram Followers:
CFDs may not be appropriate for all individuals. You should not risk more than you are prepared to lose
|ForexMart Telephone Number:||+ 44 203 097 6697|
|ForexMart Email Address:||email@example.com|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC)|
|Number Of Clients:||10,000+ ForexMart users and traders|
|ForexMart Facebook Likes:||113|
|ForexMart Twitter Followers:||167|
|ForexMart Instagram Followers:||0|
CFDs may not be appropriate for all individuals. You should not risk more than you are prepared to lose
Our entire ForexMart Review covers all you need to learn about trading with ForexMart. A good broker can multiply your initial investments and provide you favourable profits. If you would like to make profits, you should trade with a broker service that aligns with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you choose them. It's a frequent misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
ForexMart is a broker that has found its way successfully into the broker world. Within this review, we have tried to collate a number of the vital facets of ForexMart. This review can allow you to know whether ForexMart is a fantastic match for your investments or not. We've tried to breakdown all the qualities and fees for your convenience.
ForexMart Review, Table Of Contents
- Who are ForexMart?
- Benefits Of Trading With ForexMart
- Everything you should know about trading with ForexMart
- Is ForexMart Safe To Trade With?
- ForexMart Risk Disclaimer
- Pro's & Con's Of Trading With ForexMart
- Compare Brokers Similar To ForexMart
- Regulation And Licencing In More Detail
- ForexMart Awards
- Minimum Deposit Required For A Live Account With ForexMart
- ForexMart Commission And Fees Explained
- Compare broker fees against ForexMart
- ForexMart Withdrawal Fees Explained
- ForexMart Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With ForexMart?
- Alternatives To ForexMart
- Frequently Asked Questions About ForexMart
Who are ForexMart?
ForexMart is a foreign exchange broker headquartered in Cyprus and provides a variety of tools for trading. Since its start in 2015, ForexMart has emerged as a leading player in the industry of online brokerage. ForexMart includes a highly aggressive and full-featured trading website that's focused on currency, indices, metals, stocks and commodities.
Over the past 6 years, ForexMart has grown into one of the leading online brokers.
After establishing in 2015, their customer base has become as big as 10,000+ clients.
ForexMart is the favourite for many dealers because of its negative balance protection. Our ForexMart review found that they are an excellent choice for automated trading solutions. They're best suited for investors who are looking for an assortment of assets. Social and automated trading options are the heart at ForexMart.
Technology plays a significant role at ForexMart. ForexMart offers trading on MT4, WEB, desktop. ForexMart is honest, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The educational section at ForexMart is very enlightening for new dealers as it allows them to have a closer look in the financial markets. ForexMart caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
If you feel that ForexMart is not right for you then at the bottom of this ForexMart review you wil find a lot of alternatives to ForexMart.
Everything you ought to know about trading using ForexMart
ForexMart is a dynamic platform that provides various procedures of trading online. These tools cover the monetary markets substantially. The Majority of the broker platforms offer less methods than ForexMart
If you wish to exchange with ForexMart, you'll require a minimum deposit of $1. This deposit is mandatory if you want to begin trading with ForexMart. This 2021 ForexMart review will direct you clearly about trading with them.
ForexMart is as flexible as any other brokerage platform. ForexMart is ideal for traders that want a manageable selection of low-cost services. The programs offered by ForexMart are third-party, white-label offerings. All traders can pick from MT4, WEB, desktop.
Together with everything, ForexMart has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept open. The brokers offer premium customer service that rewards customers with benefits.
Many unethical brokers attempt to pressurise customers into bigger financing for premium services. ForexMart, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater benefits will become available.
ForexMart accounts are available all over the world and provides quality service everywhere they have clients. There are some select few countries where ForexMart accounts are not available. Traders in the following countries cannot open or use a ForexMart account:
BR, KR, IR, IQ, SY, JP, US
Is ForexMart Safe To Trade With?
Established in 2015, ForexMart has been in operation for 6 years, they are headquarted in Cyprus.
ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that make sure that trading platforms have measures in place to maintain investor's assets secured. This usually means that ForexMart users don't need to worry about their money since it is segregated and safely kept in banks that are established. SSL encryption secures every user's private information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with ForexMart for heightened security. An SMS with the confirmation code will be sent to your mobile phone. You will be asked to enter this code to log in to your accounts.
Another concern with financial brokers with regards to safety may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with users on the platform.
ForexMart Risk Disclaimer
CFDs may not be appropriate for all individuals. You should not risk more than you are prepared to lose
Pro's & Con's Of Trading With ForexMart
Every online trading platform will have some pros and cons ForexMart review would be complete without having a balanced approach. This ForexMart review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- ForexMart is trusted by 10,000+ clients
- ForexMart offers Negative Balance Protection
- ForexMart offers Guaranteed Stop Loss
- ForexMart has low minimum deposit requirements
- ForexMart doesn't charge inactivity fees
- ForexMart offers social trading
- ForexMart offers copy trading
- ForexMart offer trading on MT4, WEB, desktop
- ForexMart offer 111 trading instruments
- ForexMart trades major forex pairs
- ForexMart offers trading on cryptocurrencies
- ForexMart can communicate in English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
- ForexMart charge withdrawal fees
- ForexMart charge deposit fees
- ForexMart doesn't trade minor forex pairs
- ForexMart doesn't trade exotic forex pairs
- ForexMart charge CFD fees
- ForexMart doesn't offer trailing stop
ForexMart Review - Compare Brokers Similar To ForexMart
|Rating||6.86 / 10||4.93 / 10||3.21 / 10||6.3 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F246|
|Find Out More|
|Risk Warning||CFDs may not be appropriate for all individuals. You should not risk more than you are prepared to lose||Losses can exceed deposits||77.2% of retail investor accounts lose money when trading CFDs with this provider.||Your capital is at risk|
ForexMart Review - Regulation And Licencing In More Detail
ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC).
ForexMart, as a company, has a strong collection of rules for ensuring fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
ForexMart Review - Awards
ForexMart have won several industry awards over the time they have been operating as an online trading platform. We show the most notable awards for ForexMart here.
- In 2015 ForexMart was awarded Best Broker in Europe.
- In 2015 ForexMart was awarded Most Prospective Broker in Asia.
- In 2016 ForexMart was awarded Best Forex Newcomer.
- In 2016 ForexMart was awarded Best New Broker in Europe.
- In 2020 ForexMart was awarded Best Trading Conditions.
ForexMart Trading Platforms
ForexMart are a trustworthy brokerage that has been operating for over 6 years. They offer a wide range of options in their customer accounts.
Below we take the main parts of any good online trading platform and compare ForexMart with GKFX, Ayondo, and gbe brokers
ForexMart Review - Minimum Deposit Required
The minimum deposit you need to begin on ForexMart is $1. This is an adequate amount for those just beginning. It's possible to create more advanced deposits as you go along. But, ensure you know how to make the most of your money before investing in larger amounts.
ForexMart Review - Commission And Fees Explained
ForexMart is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of penalties for this objective.
The first sort of fees to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you're spending a spread, funding speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those who are billed when you maintain a leveraged position for longer than daily.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, ForexMart doesn't charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often exchange, such as daily or weekly trading.
However, non-trading fees charged by ForexMart are relatively competitive. Consequently, you're charged more for non-trading actions in your trading account, like withdrawal and deposits. These aren't about the purchase and sale of assets.
This ForexMart review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against ForexMart
ForexMart Review - Withdrawal Fees Explained
ForexMart charges a withdrawal fee when you make a bank transfer. Every time you transfer money back into your bank account, these withdrawal fees become applicable.
Withdrawal of money is possible at any time from the ForexMart account. It's possible to draw sums up to the sum of your account balance, keeping aside the margin utilized. One thing to remember is that you don't necessarily have to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money is going to be sent into the card. ForexMart will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are opting to draw in.
ForexMart Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind while open an account with ForexMart. An inactivity fee is an amount charged to registered traders that haven't participated in buying or selling for a while. The period regarded as inactive is determined by the broker.
The inactivity fee also differs from one agent to another and isn't standardized. If a traders account doesn't have a purchasing or selling trade, it's maintained by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms that they had consented while enrolling.
ForexMart doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees are indicated by ForexMart, it's better that you close the account if you are inactive. Inactivity fees are not just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the agent beforehand.
ForexMart Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much money for this operation.
ForexMart charges a deposit fee for transferring money into your trading account.
Depositing cash on the ForexMart trading platform is simple. You just need to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll need to provide an identity proof and proof of residency to deposit substantial amounts.
ForexMart Review - Compare Broker Deposit Methods
What Can You Trade With ForexMart?
Note: ForexMart provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different based on the country of residence of the client.
ForexMart has a wide variety of over 111 instruments available for you to trade with.
If trading currency pairs is of interest to you then ForexMart offer over 100 currency pairs.
Compare ForexMart, GKFX, Ayondo & gbe brokers below.
Reviewing The ForexMart Mobile App
Note: ForexMart's mobile app has many functions and is being constantly improved. The table below was accurate at the time of writing this ForexMart review.
Understand the capabilities of the mobile apps of ForexMart, GKFX, Ayondo & gbe brokers below.
Alternatives To ForexMart
If, after reading this ForexMart review, they do not meet your requirements check out these ForexMart alternatives.
We have scoured the internet to find the best alternatives to ForexMart. Click the links below to learn more.
Frequently Asked Questions about ForexMart
Can I try ForexMart before I buy?
Yes, you can most certainly try ForexMart before you buy. ForexMart provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demo account on ForexMart, you may set out using a decent amount of virtual currency. It's to establish a feeling of security and confidence in you before you choose to invest your own money.
With this digital ForexMartdemo account, you are able to experiment at all, to whatever length you desire. You can even start positions, test different trading approaches, and much more.
ForexMart specifies on its official website which you can exchange real time stocks in a demo account.
Is ForexMart safe?
It is possible to drop all of your worries since we believe that ForexMart is perfectly safe to use. It is in compliance with all the principles of Cyprus Securities and Exchange Commission (CySEC).
To its credit, ForexMart provides assured stop-loss protection.
Why does ForexMart ask for my passport?
The reason that ForexMart asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, ForexMart has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, ForexMart must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with ForexMart?
The process to start trading withForexMart is perhaps simple enough to be a cakewalk. You need to begin by signing up on the ForexMart website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with ForexMart is $1. You should have a good understanding of the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with ForexMart.
The best way to kickstart your trading career with ForexMart is to open a demo account facility before risking any real money
What funding methods do ForexMart accept?
There are a number of ways to fund your account with ForexMart. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must keep in mind that PayPal is not available in all country. The currencies ForexMart
Is my money safe with ForexMart?
Yes, your cash is safe and secure with ForexMart. As you know, ForexMart operates with proper conformation to. It's established lots of steps to protect all its investors.
ForexMart protects its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification also. It takes an SMS affirmation that you get your account.
Is ForexMart trading good?
Yes, trading via ForexMart is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you can also gain access to a vast selection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the credibility of the platform on your own.
Which Countries does ForexMart support?
ForexMart operates across the world. However, due to regulations there are some countries that ForexMart do accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is ForexMart legit?
ForexMart is a legit company headquarted in Cyprus since 2015. They are regulated by Cyprus Securities and Exchange Commission (CySEC). ForexMart is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is ForexMart a good broker?
ForexMart is an excellent agent, and its own users may vouch for this. The highlight of the platform is its quick order execution on trades.
You will discover the clean design of this platform along with the commendable features a pleasure to work with.
Is ForexMart a trustworthy broker?
Yes, ForexMart is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for ForexMart?
The minimum deposit to open a live account with ForexMart is $1
How long do ForexMart withdrawals take?
Normally, withdrawal of money from ForexMart is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from ForexMart to show in your bank account.
Are ForexMart regulated?
ForexMart are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is ForexMart a market leading broker?
ForexMart is currently among the industry leaders. It supports over 10,000+ registered customers and over 6 years of expertise on its own record. They're one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad selection of resources plus tools so that you can invest in capital markets.
Is ForexMart a con?
No, ForexMart is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that ForexMart is not a scam.
Can you make money with ForexMart?
Using ForexMart, several traders earn a great deal of money. However, typically, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem to be a small number, but within the year, this adds to a significant number of gains. While ForexMart supply you all of the tools to make money, they cannot guarantee that you will gain.
Does ForexMart have fees?
Yes. To start trading using ForexMart, you have to deposit $1. Certain commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.
When was ForexMart founded?
ForexMart was founded in 2015 in Cyprus. ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use ForexMart?
ForexMart is a worldwide recognised agent with 10,000+ clients.
Where is the ForexMart head office?
ForexMart has its head office in Cyprus
Does ForexMart offer negative balance protection?
Yes, ForexMart has Negative Balance Protection. It's especially offered while the industry volatility keeps clients from letting their accounts go in the red. In such a scenario, ForexMart offers the ability to reset a customers account balance to zero.
You are able to go through the critical stipulations on ForexMart's website to understand their policies.
Does ForexMart offer guaranteed stop loss?
Yes, ForexMart offer a guaranteed Stop Loss order.
When there is no free margin left together with the customer, ForexMart will cease your own positions. If the losses in the ceased out location exceeds your account balance, you may experience a negative account balance.
Does ForexMart allow scalping?No, the stipulations of ForexMart do not allow scalping. It's a trading technique which is not allowed on the agent's platform. You can refer to ForexMart's provisions and conditions to read more about its policies.
Does ForexMart allow hedging?
No, unfortunately ForexMart does not allow hedging.
Can you trade energies with ForexMart?
Yes, you can trade energy stocks with ForexMart
Can you trade agricultural shares with ForexMart?
Yes, you can trade agricultural stocks with ForexMart
Can you trade cryptocurrency with ForexMart?
Yes, you can trade cryptocurrency with ForexMart
Can you trade metals with ForexMart?
Yes, you can trade metals with ForexMart
Can you trade UK Shares with ForexMart?
Yes, you can trade UK shares with ForexMart
Can you trade US Shares with ForexMart?
No, unfortunately you cannot trade US shares with ForexMart
Can you trade Japanese Shares with ForexMart?
No, unfortunately you cannot trade Japanese shares with ForexMart
Can you trade German Shares with ForexMart?
No, unfortunately you cannot trade German shares with ForexMart
Does ForexMart accept bank transfers?
Yes, ForexMart accepts bank transfers for depositing money.
Does ForexMart accept credit cards?
Yes, ForexMart accepts credit cards for depositing money.
Does ForexMart accept PayPal?
No, ForexMart does not accept PayPal.
Does ForexMart accept Skrill?
Yes, ForexMart accepts Skrill for depositing money.
Does ForexMart accept Payoneer?
No, ForexMart does not accept Payoneer.
Does ForexMart accept Neteller?
Yes, ForexMart accepts Neteller for depositing money.
Does ForexMart offer Live Chat customer support?
Yes, ForexMart offers customer support through live chat.
Does ForexMart offer phone customer support?
Yes, ForexMart offers customer support over the telephone.
Does ForexMart offer email customer support?
Yes, ForexMart offers customer support through email.
What languages can ForexMart communicate in?
ForexMart has the ability to communicate and support customers who speak: English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Does ForexMart have a wikipedia page?
No, ForexMart does not have an official wikipedia page.
Does ForexMart offer demo accounts?
Yes, ForexMart offers demo accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a demo account in order to better understand the aspects of Forex trading and test out some of ForexMart's features before signing up for a live account.