ForexMart Review
- Excellent selection of intuitive trading platforms
- Wide array of financial assets
- Highly safe and secure
- Excellent customer support
- Limited tradeable markets
ForexMart is an international online trading brokerage that facilitates the trading of numerous financial instruments across the global markets. ForexMart is committed to excellence in the services they provide and offer highly sophisticated trading software, great customer support, and a safe and fair trading environment for their clients. ForexMart is owned and operated by Tradomart SV Ltd. and was established in 2015. The brokerage is based out of Cyprus with their headquarters located at Spetson 23A, Leda Court, Block B, Office B203, 4000 Mesa Geitonia, Limassol, Cyprus. Also, ForexMart has offices in London, Berlin, and Paris and provides their services in 14 different languages. Since ForexMart is based out of Cyprus, the brokerage is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Also, as the brokerage offers their services throughout Europe and other parts of the world, they are a governed by the Markets in Financial Instruments Directive (MiFID). ForexMart is a widely successful online trading brokerage but are they the right broker for you? Find out in the following review where we analyze all aspects of this broker and see how they stack up to the competition and whether or not they can be trusted.
Trading Platform
ForexMart utilizes the most popular trading platforms in the world, the Meta Trader 4 (MT4) suite of platforms. Traders have access to the downloadable desktop MT4 platform as well as the MT4 Web Terminal and MT4 mobile application for both Android and iOS devices. These Meta Trader platforms are some of the most powerful and easiest to use trading platforms available. Both experienced and beginner traders will appreciate the platforms as they are intuitively designed to accommodate both needs. The platforms support several trade size allocation methods, various advanced order types, over 40 technical indicators, and a customizable interface. Traders can also participate in automated trading via the integration of Expert Advisors (EAs). The MT4 platforms also come complete with an advanced charting package that support one click trading and advanced technical analysis with numerous drawing tools, time frames, chart types, and indicators. Also, traders can create watch lists, view market moving news, and set notifications so that they can stay on top of the market at all times. All in all, traders will not be disappointed with the suite of Meta Trader 4 platforms from ForexMart.
Exchange Markets
ForexMart provides their traders with a wide array of financial instruments to trade across the global markets. Traders are able to diversify their portfolio and engage in sophisticated risk management techniques. See an overview of the markets and assets supported by ForexMart below.
Forex
- Over 100 tradeable currency pairs
- Majors, Minors & Exotics
- Tight spreads
- Trade on leverage
Stocks
- Trade CFDs on shares
- Over 50 stocks to trade
- International markets
- Flexible leverage
Spot Metals
- Gold
- Silver
- XAUUSD
- Trade with leverage of up to 1:100
Fees and Commission
ForexMart provides their traders with three different account types which feature different fees and commissions for each. Each account has it’s benefits that depend on the type of trader you are. See each accounts fees and commissions overviewed below.
ForexMart ECN Account
The ForexMart ECN account has zero commissions and charges the fees through low fixed spreads of 2 pips on Major currency pairs.
ForexMart ECN Zero Account
This account features zero spreads on all trading pairs but charges a commission.
ForexMart Micro Account
This account offers traders tight fixed spreads and low commissions.
Security and Fairness
ForexMart is a very safe, secure and fair online trading brokerage as they are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and are governed by the MiFID. These regulatory authorities ensure that ForexMart employs the latest and greatest security measures and complies with all of the guidelines set out by them. For instance, client funds are held in segregated tier 1 bank accounts and ForexMart undergoes periodic financial audits and is constantly monitored to further protect their traders and security of their services.
Support
ForexMart provides their clients with exceptional customer support via a variety of methods including; email, telephone, Skype, Telegram, and WeChat. Support representatives are available 5 days a week from 07:00 – 16:00 GMT. Additional methods of support include an extensive FAQ page and an education center. In the education center traders will find a glossary, tutorials, a trading presentation, and more. All in all, the level of customer support is very good compared with many other online trading brokerages.
Conclusion
ForexMart as a successful international online trading brokerage that competently provides reliable trading services to traders around the world. The broker features a decent array of tradeable assets and provides clients with an excellent selection of sophisticated trading platforms. ForexMart is also very safe, secure and reliable as they have been competently providing trading services since 2015. All in all, we highly recommend ForexMart to both beginner and experienced traders.
ForexMart Q&A
The following are the common questions that customers inquired about ForexMart.
Is ForexMart regulated?
Yes, it is regulated by the the Cyprus Securities and Exchange Commission (CySEC) and is governed by the Markets in Financial Instruments Directive (MiFID).
Is ForexMart a scam?
No, ForexMart is a legit broker that has been competently offering reliable trading services since 2015.
Where is ForexMart based?
ForexMart is based out of Cyprus with their headquarters located at at Spetson 23A, Leda Court, Block B, Office B203, 4000 Mesa Geitonia, Limassol, Cyprus.
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