Forex Mart Broker Reviews and Full Information

ForexMart provides the MT4 desktop as well as mobile and web-based terminals for a variety of competitive accounts. If you're interested in logging in and trade on ForexMart this review focuses on the most important aspects, such as leverage as well as minimum deposit and bonus offers. We'll also go over the regulations and security to determine whether ForexMart is a safe option or a fraud.

ForexMart Headlines

ForexMart is the brand associated with Instant Trading EU Limited, an exchange and broker for CFDs that is based in Cyprus. The business is in operation since 2015 and has an CIF license from the Cyprus Securities and Exchange Commission (CySEC). ForexMart also has an endorsement agreement with HKM Zvolen, a Slovakian hockey team.

Along with establishing the reputation of its clients, ForexMart has a strong commitment to offering a safe and competitive service to its customers. Users can trade in forex pairs, indices commodities, shares, and cryptocurrencies, as well as having the ability to access award-winning programs as well as every day market research.

MT4 Trading Platform

ForexMart provides the well-known MetaTrader 4 (MT4) platform which is a robust and user-friendly trading instrument that is used by millions of people around the world. The platform allows traders to monitor several charts at the same time as well as make trades directly through the chart, and take care of multiple trades. The features include:

• More than 40 indicators of technical analysis
• 9 distinct time intervals
• A user-friendly interface that can be customized
• Live pricing feed
• The history of trades

It is possible to download ForexMart's platform directly through the broker's website after you've completed the process of registering your account. The online version of the platform is accessible to clients outside the EU only.

Markets

There are more than 150 trading instruments on the internet accessible at ForexMart which include:

• Forex is a collection of Major, minor as well as exotic currencies, including USD/USD as well as USD/JPY.
• Shares 43 CFD contracts with international companies, including Apple and Microsoft
• Cryptocurrencies five digital currencies that include Bitcoin and Ripple
• Commodities Silver and spot gold, along with natural gas and crude oil
• Indices 7 of the most popular indexes, including FTSE 100 and NASDAQ

Spreads & Commission

Pricing is based on the instrument you trade as well as the different kinds of accounts available. Spreads floating in the Classic account range from 1.2 per cent for the major currency pairs, such as EUR/USD, while spreads for the Pro account average approximately 0.8 pip in the exact same currency pair.

Commission-free trading is available for forex, however it is not available on the Zero Spread account charges between 0.02 percent between 0.02% and 0.07 percent. Additionally, there is an 0.10 percent fee of 0.10% on CFD shares and cryptocurrency and a fee of $10 per lot for indexes and a $40 fee per lot for energy.

Leverage

The maximum leverage offered on ForexMart EU is 1:30 on major forex pairs. Minors in FX, indices, and spot metals can be purchased in 1:20 increments, as are energies as high as 1:10. CFD share prices up to 1:5 or cryptocurrency that go up to 1:1. Non-EU customers can leverage as much as 1:500.

Mobile Trading

ForexMart provides the MT4 mobile application for Android as well as iPhone users. Like the desktop application The mobile application comes with several impressive features, such as real-time quotes, technical analyses tools as well as financial news, as well as a comprehensive list of trade order. The sophisticated functionality allows users to modify and customize their charts with just a few clicks.

Payments

Deposits

ForexMart provides a wide range of deposit options, such as banks, cards and e-wallets, as well as Bitcoin deposits. It is important to note that certain payment options are not available in some areas. The majority of methods can be processed in a matter of minutes or within 24hrs. ForexMart does not charge fee for deposits. PayPal isn't available.

The online broker provides a low minimum deposit of 1 Euro or US Dollar, which makes it an excellent choice for people who are just beginning.

Withdrawals

The majority of the same methods are offered for withdrawals, and typically completed with in just 24 hours. ForexMart will charge fees for withdrawals however. The fees for withdrawals with a credit card are 1.8 percent + 0.05 EUR, Skrill and B2B Pay fees start from 1.1%, sofort and bank wires start at five EUR and Neteller as low as 1 USD.

Demo Account

ForexMart provides an account with a demo feature that allows you to trade as much as a $500,000 virtual balance. This demo account is perfect for novice or experienced traders looking to master FX trading or develop their abilities in a safe and secure environment.

ForexMart Bonuses

In accordance with the strict rules regarding bonuses to trade within Europe, EU, ForexMart does not provide any deals at the present moment. This is not limited to bonuses that are not deposit-based promotions for welcome bonuses or demo contests.

You might see the occasional deal on non-EU sites but it is not the 30% welcome bonus. Be sure to read the bonus conditions and terms for more details.

Regulation Review

Instant Trading EU Ltd is an Cyprus Investment Firm (CIF) that is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 266/15. CySEC assures that CIF firms adhere to strict financial guidelines, in line with EU legislation, which includes customer security of funds through an Investor Compensation Fund. ForexMart also provides the protection of negative balances.

Notice that the website for non-EU countries accepts traders from all over world and includes Canada, Indonesia and Malaysia however, regulatory protection is not as strong.

Additional Features

ForexMart provides a small selection of educational tools, which include daily market analysis as well as economic news. It also has an interactive calendar of economic events and the forex calculator, along with an online glossary of terms for trading. Additionally, the broker provides free VPS hosting to traders who meet the eligibility requirements. For customers who are not EU citizens there's also a Facebook, Twitter, or copytrade program that lets you communicate to other users and copy the successful strategies for trading.

ForexMart Accounts

ForexMart provides six live account types that include Classic, Pro, Cents Zero Spread, Scalping, and Standard. Please note that only Classic, Pro, Cents and Zero Spread accounts are accessible to clients outside of the EU.

Each account has distinct characteristics and conditions that are suited to various trading strategies. For instance those with the Zero Spread and Scalping accounts are exclusively for trading forex symbols. The minimum size for a lot of 0.01 on all accounts, and minimum deposits vary between EUR1 on zero spread accounts to EUR1,000 for the Pro account. Spread account up to EUR1,000 for The Pro account.

ForexMart also provides Islamic accounts with no swaps, which can be obtained upon written inquiry.

Benefits

There are many reasons to invest with ForexMart:

• Great options for financing that work with Bitcoin deposits
• Free commission-free trading is accessible
• Protection of the negative balance
• Spreads starting at zero pip
• Services for copytrade
• CySEC-regulated

Drawbacks

There are improvements that could be made in certain areas:

• There is no web-based terminal available for EU clients
• Limited non-forex instruments
• A few additional tools
• There's no platform to choose from.

Trading Hours

Trading hours vary and are dependent on the type of asset traded. For instance, the trade hours of CFD shares are between 15:30 and 22:02 GMT+2 (GMT+3 DST) Monday to Friday. There are specific trading hours on the MT4 platform when you click on an instrument's name within Market Watch.

Customer Support

There are many ways to connect with ForexMart by phone, such as email, along with live chat support by Facebook, Skype or Whatsapp. Customer support is open from 8:00 to 17:00 UTC and 2.

• Telephone - +357 25 057 236
• Email Support@forexmart.eu support@forexmart.eu
• Address - Instant Trading EU Ltd, Spetson 23A, Leda Court, Block B, Office B203, 4000 Mesa Geitonia, Limassol, Cyprus

Security Review

Its MetaTrader 4-based platform is most trusted trading platform, which adheres to the strictest security standards to secure information exchange. That is a requirement for SSL encryption codes, as in addition to RSA digital signatures. Additionally, users can choose to apply two levels of security for logins.

ForexMart Verdict

ForexMart provides a variety of trading options with a variety of account typesstarting with an affordable $1 minimum deposit. The traders also have access to an array of excellent ways to deposit money and withdraw funds and CySEC regulation. But, aside from MT4 there is no other choice of trade platforms. This could hinder some traders who are professionals.

Accepted Countries

ForexMart is accepting traders that originate from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders are not able to use ForexMart from the United States, Korea, Sudan, Cuba, Syria.

Alternatives to ForexMart

If you're looking other alternatives ForexMart we've compiled an overview of the top five brokers that are comparable with ForexMart below. The list of brokers similar to ForexMart is arranged in order of similarity, and includes only firms that allow traders from the same location.

1. FP Markets - FP Markets is a multi-asset broker offering a range different trading options.
2. OctaFX OctaFX is a broker that offers multi-asset trading using a variety of mobile platforms and platforms.
3. RoboForex RoboForex RoboForex is an online multi-asset broker with powerful trading aids.
4. AdroFX AdroFX AdroFX is a licensed, international broker, offering forex CFD, crypto and forex trading using MT4 and attractive welcome bonus offers.
5. BlackBull Markets - BlackBull Markets offers forex and CFD trading on MT4 and MT5 platforms.

FAQ

Is ForexMart a fraud?

ForexMart is an authorized and regulated business within the EU and has a transparent approach to the pricing and services offered on its website. It's not likely to be a scam but you should read reviews online to ensure that you understand.

Does ForexMart provide a no-deposit bonus until 2022?

ForexMart EU currently does not provide any deposit bonus offers However, traders are able to check the website of non-EU to see if there are any deals coming up.

Is ForexMart controlled?

ForexMart EU is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15.

How do I create an account with ForexMart account?

You can apply with an account after filling out the form for registration on the site. Once you've confirmed your identity, you will be able to access the trading cabinet using your login for partner or client.

Are ForexMart accessible in Asia?

Absolutely, ForexMart offers is services to various countries within the Asia region, which includes Indonesia, Malaysia and Singapore.

Can I make a trade with ForexMart in Canada?

Yes, customers who are from Canada are accepted by ForexMart.com. Be aware that US clients are not accepted.