ForexMart Review 2020

ForexMart Rated 4/5

ForexMart Guide

ForexMart are an online broker founded in 2015 offering Forex trading trading, CFD trading trading, Social trading trading, Share Dealing trading, and Crypocurrency trading trading.

ForexMart are a global broker and have a head office in Cyprus.

ForexMart have a listed stock symbol. This means that ForexMart have publically listed and you can officially buy shares in ForexMart on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ForexMart we break down the pros and cons. What ForexMart are able to offer, what countries ForexMart are available in. Who ForexMart are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with ForexMart

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus
  • Foundation year 2015
  • Min Deposit : 1
  • Used by over 10,000 traders
  • ForexMart is not available in the following countries :
Open ForexMart's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to ForexMart

With this review we hope to help you see if ForexMart is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ForexMart that will help you get off to a good start in the world of online trading.

ForexMart Review Table of Contents

ForexMart what you should know

ForexMart offer five ways to trade: Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.

With ForexMart you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with ForexMart platform.

ForexMart are able to accommodate various levels of traders whether you are experienced or a beginner.


Are ForexMart safe?

When choosing a broker like ForexMart the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2015, and in operation for 5 years ForexMart have a head office in Cyprus.

ForexMart is regulated. This means ForexMart are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForexMart, this will be honored. If ForexMart violate any regulatory rules their regulated status could be stripped.

Any payments funded to ForexMart accounts by traders are held in a segregated bank account.

For added security ForexMart use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with ForexMart. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ForexMart

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker forexmart eToro XTB IC Markets
Year Established 2015 2006 2002 2007
Head Office Cyprus Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss Yes but 10% No Yes No
Learn More Visit ForexMart Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

ForexMart Pros and Cons

What we like about ForexMart

  • Used by over 10,000 traders
  • Established in 2015
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $1

What we don't like about ForexMart

ForexMart Financial Regulation and Supervision in more detail

We have checked and ForexMart is regulated and supervised by reputable organisations. You are able to check every ForexMart supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ForexMart. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ForexMart traders and provide a safe trading environment.

ForexMart is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ForexMart you should be sure they're legitimate online agent.

ForexMart Awards

ForexMart have won numerious industry awards over the 5 years they have been operating as a financial broker. We list the most notible awards and mentions for ForexMart below.

  • International Finance Magazine named ForexMart Best New Broker Europe 2016
  • Global Business Outlook cknowledged ForexMart as the Best Forex Newcomer in 2016

ForexMart General Fees

  • ForexMart withdrawal fees varies on payment method
  • ForexMart doesn't charge inactivity fees
  • ForexMart does charge deposit fees
Broker forexmart eToro XTB IC Markets
Min Deposit 1 200 0 200
Withdrawl Fees 5 Yes varies No
Inactivity Fees No Yes No No
Deposit Fees Yes No No Varies
CFD Commission Fees Yes No Yes Yes

ForexMart Commissions

  • ForexMart does charge commission on CFD instruments.

What can you trade with ForexMart?

You can trade a wide variety of instruments with ForexMart over 111 instruments infact.

If you are looking at trading currency pairs ForexMart offer over 100 currency pairs.

Compare ForexMart with eToro and XTB below.

Your capital is at risk

Broker forexmart eToro XTB IC Markets
Instruments Available 111 100 1,500 232
Platforms MT4,WEB,desktop Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit ForexMart Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 100 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit ForexMart Visit eToro Visit XTB Visit IC Markets
Commodities Offered 0 0 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit ForexMart Visit eToro Visit XTB Visit IC Markets
Stocks Offered 53 957 1696 100
UK Shares Yes Yes Yes No
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on ForexMart web platforms and other applications

ForexMart offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

ForexMart also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See forexmart's platforms

ForexMart Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

ForexMart Trading Accounts Offered :

The following account types are available to ForexMart clients:

  • FM classic
  • FM Pro
  • FM ZeroSpread
  • FM cent accounts

  • Demo account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try ForexMart before I buy?

ForexMart offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

ForexMart withdrawl and funding methods.

ForexMart offer the below funding payment methods. learn more about ForexMart

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller
Broker forexmart eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with ForexMart?

When opening a trading account with ForexMart, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForexMart trading platforms here.

Performing trades with ForexMart

ForexMart allow you to execute a minimum of trade of $ 1. This may vary depending on the account you open. ForexMart allow you to execute a maxium trade of varies. As ForexMart offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

ForexMart Leverage and ForexMart CFDs Explained

let's take a look at some of the basics of using ForexMart leverage.

ForexMart offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ForexMart leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ForexMart trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ForexMart leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ForexMart CFDs are typically used for short to medium term trades. For example ForexMart intraday trading.

Limiting Your Risk When Trading with ForexMart Negative Balance Protection

We should say something about negative balance protection with ForexMart. When trading using leverage an adverse move could result in losing more than your trading account balance at ForexMart. Your ForexMart account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Education resources at ForexMart

To trade effectively with ForexMart, it's important to get a have a good understanding of the ForexMart trading tools and the markets.

ForexMart offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ForexMart.

Take time to look around the ForexMart platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ForexMart

ForexMart support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

ForexMart have a A grade support rating because ForexMart offer over three languages.

Livechat Support at ForexMart

We tested the ForexMart live chat and it works well. We sent messages to ForexMart livechat through their app and website and recieved a response within 8 minutes.

We tested communicating with ForexMart support in multiple languages in multiple countries. ForexMart where able to resolve our customer issues.

Email Support at ForexMart

We sent several emails to ForexMart and answer times overall were excellent. The fastest response from ForexMart was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with ForexMart, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from ForexMart.

Phone Support at ForexMart

We called ForexMart and the call was answered very quickly. The call was answered in less than 5 minutes.

The ForexMart phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ForexMart team by calling in varying languages. ForexMart made an effort to make sure our queries were answered.

Overall the phone support from ForexMart was okay.

See how ForexMart Support Compares Against Other Brokers

Broker forexmart eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit ForexMart Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

What you will need to open an account with ForexMart

As ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ForexMart's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ForexMart you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.forexmart.com/ on 12th August 2018.

Is ForexMart A Good Broker?

We spent over 3 months examining ForexMart in depth. Although ForexMart are not perfect we found many really useful aspects with the overall offering from ForexMart. Our personal experience of trading with ForexMart was very good. Weighing up many points ForexMart is a good broker.

  • ForexMart have a good track record of offering Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.
  • ForexMart has a history of over 5 years.
  • ForexMart has a reasonable sized customer support of at least 10.
  • ForexMart are regulated by Cyprus Securities and Exchange Commission (CySEC). This means ForexMart fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ForexMart have regulation from a Tier 1 reputable country.
  • ForexMart has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ForexMart have an international presence in multiple countries. This includes local ForexMart seminars and training.
  • ForexMart are able to hire people from various locations in the world who can better communicate in your local language.

ForexMart Risk Disclaimer

Your capital is at risk

ForexMart not quite right?

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FOREXMART Frequently Asked Questions

Can I try ForexMart before I buy?

ForexMart offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ForexMart accept?

ForexMart offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is ForexMart safe?

ForexMart are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to ForexMart accounts by traders are held in a segregated bank account. For added security ForexMart use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is ForexMart trading good?

ForexMart is considered good and reputable to trade with. ForexMartForexMart is used by over ForexMart active traders. ForexMart offers Forex trading trading, CFD trading trading, Social trading trading, Share Dealing trading, and Crypocurrency trading trading. Minimum deposit with ForexMart is mindeposit.

Is ForexMart trading Legit?

ForexMart was founded in Cyprus in 2015. ForexMart has been facilitating trade on the financial markets for over 5 years. ForexMart offers clients Forex trading trading, CFD trading trading, Social trading trading, Share Dealing trading, and Crypocurrency trading trading. All funds deposited to ForexMart are held in segregated tier 1 bank accounts for security. ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is ForexMart a good broker?

ForexMart is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.ForexMart allows Forex trading trading, CFD trading trading, Social trading trading, Share Dealing trading, and Crypocurrency trading trading.

Is ForexMart trustworthy broker?

ForexMart can be considered trustworthy. All money funded to ForexMart is placed into a segregated tier 1 bank account. this means your money in not held by ForexMart directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for ForexMart?

The minimum deposit to trade with ForexMart is 1.

How long do ForexMart withdrawals take?

Withdrawing money from ForexMart processing time varies but averages 2-5 days.

Is ForexMart regulated?

ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is ForexMart a market maker?

ForexMart is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with ForexMart?

When opening a trading account with ForexMart, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ForexMart trading platforms here.

Is my money safe with ForexMart?

ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like ForexMart is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ForexMart, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is ForexMart a con?

ForexMart is regulated and well established having been in business for over 5 years. ForexMart is definitely not a con.

Can you make money with ForexMart?

Although traders have had great success with ForexMart. Trading on the financial markets with ForexMart is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does ForexMart have fees?

ForexMart withdrawal fees varies on payment method. ForexMart doesn't charge inactivity fees. ForexMart does charge deposit fees.

When was ForexMart founded?

ForexMart was founded in 2015.

How many people use ForexMart?

ForexMart is used by over 10000 registered traders.

What is ForexMart Headquarters country?

ForexMart has its head quarters office in Cyprus.

Does ForexMart offer negative balance protection?

ForexMart offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ForexMart offer guaranteed stop loss?

ForexMart does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does ForexMart allow scalping?

ForexMart offers scalping.

Does ForexMart allow hedging?

ForexMart offers hedging.

Does ForexMart offer CFD trading?

ForexMart offers CFD trading.

Does ForexMart offer STP?

ForexMart offers STP trading.

How many people use ForexMart?

ForexMart is used by over 10000 traders.

Is ForexMart an ECN broker?

ForexMart offers ECN trading.

Does ForexMart offer a demo account?

ForexMart offers a demo account.

Does ForexMart offer an Islamic account?

ForexMart offers a Islamic accounts.

What are the funding methods for ForexMart?

ForexMart accept the following funding methods : Credit cards, Skrill, Neteller, Bank Transfer.

ForexMart review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ForexMart brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ForexMart review written by Mark Hansen of Comparebrokers.co