ForexMart Broker Review : A Leading Forex Broker
Take a look on ForexMart Broker Review which is a leading broker in Forex, CFD and Bitcoin trading market.
Since 2015, it has been working with much integrity, sincerity and transparency.
It has already achieved million’s trust.
As a leading broker, it knows a client’s need and demand.
Using its earned experience, it has designed its offers and promotions.
If we look at its services, we will get a notion that tells us this broker is continuously trying to make and to keep Forex, CFD and Bitcoin easy and simple.
This broker is almost successful to do that.
That is why we find Forex popular than ever.
Warning: Country Restriction (Do Not Accept Traders)
Warning: Please note that, Forex Mart Broker does not accept traders from the following countries –
ForexMart Broker Review
High Capital Risk Is Involved In Financial Trading
Forex Mart was established in 2015.
Since then it has been conducting its operation with much reputation.
It is the trading name of TradoMart Ltd (previously Fxco Trading Ltd.), a Cypriot Investment firm, regulated by multiple regulatory bodies such as CySEC, MiFID, BaFin, AMF, FCA, CONSOB.
Its headquarter is situated at 10 Spetson 23A, Leda Court, Block B, Office B203, 4000 Mesa Geitonia, Limassol, Cyprus.
In the list of Forex Award, ForexMart got 4 awards and they are –
- “Best Broker in Europe 2015” named by ShowFx World
- “Most Perspective Broker in Asia 2015” named by ShowFx World
- “Best New Broker Europe 2016” by International Finance Magazine (IFM)
- “Best Forex Newcomer in 2016” by Global Business Outlook
Though it has been regulated by multiple regulatory bodies therefore, working with this broker is completely safe.
There is no need to download any additional software if you use their Web Trader Platform.
It uses most customer friendly and famous Meta Trader 4 platform for Desktop.
Interface of this platform is very simple and easy.
A novice trader can even place trade using this platform.
It has a wonderful and enriched education section filled with huge materials like e-books, Tutorials, webinars and many more.
The only purpose of having a resourceful education center is to make traders learned, educated and consequently successful.
Besides, it offers mobile trading platform (IOS and Android) if someone feels comfort trading from mobile.
It also offers Islamic Accounts.
Why ForexMart?
After a thorough research, we have gathered almost all the basic and unique features of ForexMart.
These are the features which made this broker one of the best among million traders.
In the below, we have mentioned those special features one by one.
Let check those out –
Company Information:
- Broker Type: Forex / Market Maker
- Regulation: CySEC / MiFID / BaFin / AMF / FCA / CONSOB
- Office: Cyprus / London (UK) / Berlin (Germany) / Paris (France)
- Support: 24/5 Hours Support (Phone, Live Chat, Email)
- Founded: 2015
Trading Options:
- Minimum Deposit: 1 USD / EUR / GBP
- Maximum Leverage: 1:5000
- Minimum Trade size: 0.01 Lot
- Spreads: 2 pips for standard account and 0.0 pips for zero spread account
- Tight Spreads: Yes
- Account Type: a) ECN Standard b) ECN Zero Spread c) Micro Account
- Bonus: Up to 50%
- Margin Call: 30%
- Stop Out: 10%
- Payment Method: Skrill / Neteller / Wire Transfer / Master Card etc
Trading Services:
- Trading Platforms: MT 4 / Web Trader / Mobile Trading
- Withdrawal: No Limits
- Deposit & Withdrawal Charge : FREE
- Deposit Insurance: Yes
- SWAP Free: Available
- Managed Account: Yes
- Institutional Account: Yes
- Demo Account: Yes (Up to $500,000 demo balance)
- Islamic Account: Yes
- Education Center: Yes
- Trading Signals: No
- Charting Package: Yes
- Market Analysis: Yes
- Chart Trading: No
- Scalping: No
- Hedging: No
- Automated Trading: Yes
- Email Alerts: No
- Trailing Stops: No
- Guaranteed Stop Loss: No
- One-click Execution: Yes
- Guaranteed Limit Orders: No
- Guaranteed Execution: No
- Segregated Account: Yes
- OCO Orders: No
- Interest on Margin: Yes
- Web Based Trading: Yes
- Mobile Trading: Yes
- VPS Hosting: Yes
- Currency Converter: Yes
- Forex Calculator: Yes
- Economic Calendar: Yes
- Copy Trading: Yes
Supported Instruments:
- Forex: Yes
- CFDs: Yes (on Shares)
- ETFs: No
- Commodities: Yes
- Spot Metals: Yes
- Stocks: Yes
- Oil: No
- Gold: Yes
- Indices: Yes
- Binary Options: No
- Russian Rubble: Yes
- Bitcoin: Yes
Suitable For
- Beginners: Yes
- Professionals: Yes
- Home Based Investors: Yes
- Scalping: Yes
- Day Trading: Yes
- Weekly Trading: Yes
- Swing Trading: Yes
Account Types
There are 3 types of account available at ForexMart.
Each account contains highly useful features and a novice as well as an old trader will be benefited from it.
There is no exaggeration in offer.
We appreciate it.
Sometimes, it is better to keep things simple.
It increases the usability.
However, these 3 accounts are –
- ForexMart ECN Standard
- ForexMart ECN Zero
- ForexMart Micro Account
Details are in the table:
| ECN Standard | ECN Zero | Micro Account |
| No Minimum Deposit Requirement | No Minimum Deposit Requirement | No Minimum Deposit Requirement |
| Over 150 Trading Instruments | All EAs Supported | Full Access to All trading instruments |
| Trading Platform: MT4, Web terminal, Mobile Platform | Trading Platform: MT4, Web terminal, Mobile Platform | Trading Platform: MT4, Web terminal, Mobile Platform |
| Margin call / Stop out: 30% / 10% | Margin call / Stop out: 30% / 10% | Margin call / Stop out: 30% / 10% |
| Min lot value: 0.01 lots | Min lot value: 0.01 lots | Min lot value: 0.01 cent lots |
| Currency: USD, EUR, GBP, RUB, MYR, IDR, THB, CNY | Currency: USD, EUR, GBP, RUB, MYR, IDR, THB, CNY | Currency: USD, EUR |
| Max Leverage 1:5000 | Max Leverage 1:5000 | Max Leverage 1:5000 |
| All bonuses compatible | 30% bonus, 50% bonus | 30% bonus, 50% bonus |
| Spreads from 2 pips | Spreads from 0 pips | Spreads from 2 pips |
| Swap free: Available | Swap free: Available | Swap free: Available |
| EA: Supported | EA: Supported | EA: Supported |
High Capital Risk Is Involved In Financial Trading
ECN Technology
ForexMart is using ECN Technology which is popular in the market at present for the benefits and advantages it offers to the client.
Some of the advantages of ECN Technology are –
- Tight Spreads
- Instant Execution
- No Re-quotes
- Direct Access
- Trading Strategy
- Automated Trades
- Low commissions
- Real Time Orders
Now the question is “What is ECN”?
ECN or “Electronic Communication Network” is kind of way where it allows direct access between market participants and the top liquidity providers.
For that reason, traders are able to execute their trade effectively, efficiently by using this direct access and it also reduce risk and increase the profit ratio as well as faster and cheaper traders.
Financial Instruments
It offers more than 150 assets to trade.
These assets are divided in 5 categories.
They are –
1. Forex: (EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/JPY, EUR/CHF, AUD/CAD, AUD/CHF, AUD/JPY, CAD/CHF, CAD/JPY, CHF/JPY, NZD/CAD etc.)
2. CFD on Shares: (AA Alcoa, Inc, AAL ANGLO AMERICAN PLC, AAPL Apple Inc, AIG American International Group, AMZN Amazon.com Inc, AXP American Express, BA Boeing, BABA Alibaba Group Inc, BAC Bank of America, BARC Barclays PLC etc.)
3. Spot Metal: (GOLD, SILVER, XAUUSD)
4. Bitcoin
5. Russian Rubble
Bonuses and Offers
ForexMart provides 30% and 50% Welcome Bonus based on first deposit.
You just need to open a live account, make a deposit and after that you have to apply for bonuses.
Moreover it offers $1000 Chance Bonus.
You have to deposit your trading account with $300 or more, and you will automatically join the raffle!
Winners will be chosen via random electronic draws.
Platforms
ForexMart is using 3 platforms and they are –
Meta Trader 4 for Desktop
Most powerful, easy to use and famous platform in the market today.
It is totally free and no complication to install.
It supports several trade size allocation methods.
It also provides over 40 technical indicators and has a customizable interface.
Web Terminal
If you don’t want to download any software then this platform is for you.
Traders can position any type of orders, trade currencies, CFDs and other services provided with accurate technical indicators.
It is compatible with Windows, Mac, Linux O.S. The trading is secured, synchronized in all platforms, can access multiple charts with real-time quotes.
Mobile Application Platform (iOS and Android)
Their app is available on iOS and Android and download is free.
Traders can view the latest trends and market data and can access latest charts with real-time quotes.
ForexMart Trading Platform Screenshot
High Capital Risk Is Involved In Financial Trading
Tools
In the platform of ForexMart, it provides high speed 1 GB RAM. 25 GB HDD VPS Hosting, Currency Converter, Forex Calculator, Education material, Economic Calendar, Forex Chart, Analytical reviews, Economic news and many more.
ForexMart Currency Converter Screenshot
ForexMart Forex Calculator Screenshot
Deposit & Withdrawal
Any kind of banking is easy, fast and secured at Forex Mart.
There is no chance of losing data or money as this broker is very serious and careful about safety and security.
That is why it has been taken several security measures to prevent any kind of security lapse.
However, the minimum deposit is only 1 USD / EUR / GBP and there has no limit of withdrawal.
Deposit and Withdrawal both are completely free.
Based on payment systems deposit and withdrawal can take 1 Hour to 4 working days to finish a request.
Sometimes it may take some more time to appear fund in one’s account.
For withdrawal, one has to go through some security check.
It accepts both the debit and credit cards along with bank wire.
One can accomplish transaction through using Visa, Master Card, Skrill, Neteller, Paypal, Bank Transfer etc.
Customer Service
Customer Service is very proactive, amiable and instant.
This broker provides customer service using various means including e-mail, phone, Skype, Yahoo Messenger, Telegram, Whatsapp and live chat.
There are more than 10 e-mail addresses ([email protected], [email protected] etc.) and 4-5 phone (local and international) numbers available on the website.
Besides, it provides assistance in multiple languages including English, Chinese, French, German etc.
Live Chat, Skype or Whatsapp is the most effective way of getting instant help.
We have found it very quick, helpful and effective.
As there are couples of phone numbers, then anyone can also talk to customer service officers and get help.
Customer service is available at 24/5.
Drawbacks
There is no major drawback of ForexMart.
We just found one drawback and that is it does not accept USA traders for the regulatory reason.
Conclusion
Finally, we must say ForexMart is a leader of this market which makes Forex, CFD, Bitcoin trading popular.
As it is a regulated broker then there is no scope to call it scam.
We suggest our readers and every new trader to work with ForexMart.
We are sure you will not lose if you work with this broker.
Let invest money and earn as much as you can.
Do you want to know about another Trusted Forex Broker?
You can read our FIBOGROUP Broker Review, which is very old, trusted and regulated broker.
Best of luck.
