ForexMart is an online forex brokerage firm founded in 2015. The company is headquartered in Cyprus and operates under the regulatory purview of the Cyprus Securities and Exchange Commission (CySEC). ForexMart focuses on offering trading opportunities in forex, with a range of currency pairs that includes major, minor, and exotic pairs.
Traders can also delve into Contract for Difference (CFD) trading with a variety of financial instruments like stocks, indices, and commodities. The broker offers the popular MetaTrader 4 trading platform, which is available for desktop, web, and mobile applications.
Customer service is available 24/5 via live chat, phone, and email. ForexMart places a significant emphasis on educational resources, including tutorials, articles, and webinars designed for traders at all levels of experience.
Security and regulatory compliance are integral parts of ForexMart’s business model. The firm uses top-notch encryption technology to secure user data and funds.
ForexMart Broker Review
Overview
- Website: ForexMart
- Founded: 2015
- Headquarters: Cyprus
- Regulations: CySEC
- Minimum Deposit: $15
- Trading Platforms: MetaTrader 4
Overall Rating: 3.8/5
Pros and Cons
Pros
- Competitive spreads
- Wide range of forex pairs
- Strong regulatory oversight
- Varied educational resources
Cons
- Limited selection of non-forex assets
- Customer service not available on weekends
Usability
ForexMart relies on MetaTrader 4, which offers a user-friendly experience with customizable features.
Features
MetaTrader 4 is well-equipped with advanced charting tools, technical indicators, and automated trading capabilities.
Mobile App
MetaTrader 4 is available as a mobile app, providing traders with the flexibility to manage their trades on the go.
Account Types
- Micro Account
- Minimum Deposit: $15
- Leverage: Up to 500:1
- Spreads: From 2 pips
- Standard Account
- Minimum Deposit: $200
- Leverage: Up to 200:1
- Spreads: From 1.2 pips
Asset Coverage
- Forex: 50+ currency pairs
- Commodities: Gold, Oil
- Indices: Limited selection
Customer Service
Available 24/5 via live chat, phone, and email.
Deposit and Withdrawal
Methods
- Credit/Debit Card, Wire Transfer, Skrill, Neteller, and more
Fees
- No deposit fees; some withdrawal fees may apply.
Regulation and Security
ForexMart operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC). Security measures include SSL encryption and segregated client accounts.
Conclusion
ForexMart offers a specialized trading experience focusing on forex markets. While it might not provide the widest range of assets, it does offer competitive trading conditions and strong regulatory oversight, making it a viable choice for those interested in forex trading.
Disclaimer: Trading involves significant risks and is not suitable for everyone. This review is for informational purposes only and should not be considered financial advice.
I hope you find this review informative. Always remember to conduct your own research before trading.
