Forexmart review

Need more info?
Read and ask HERE. Mar 30, 2020 - 1 star it has been over 3 days now and they won’t process my withdrawal of 7910$ from my acc: 58037429.

Huge forex bonuses

I was convinced by an IB to deposit with them

Forexmart.Com review

Tradomart SV ltd.

Forexmart is a forex broker. Forex mart offers the MT4, web trader and mobile forex trading top platform. Forexmart.Com offers over 105 forex currency pairs, cfds, shares, gold, silver, bitcoin and other cryptocurrencies for your personal investment and trading options.

July 2018: it has been brought to the FPA's attention that forexmart is operating under the same cysec license as instaforex, which is already considered to be a scam by the FPA.

March-november 2017: multiple fake and highly suspicious positive reviews submitted for forexmart.

WARNING august 2016: there is an FPA traders court guilty vote against forexmart. The client complained about a delayed withdrawal. The company emailed the FPA and claimed it resolved the issue. Their version of a "resolution" was to confiscate the client's profits because the client made too much money on individual trades. Forexmart claims to be ECN, but its terms allow trades to be cancelled if the trades are less than 2 minutes and also allow for trades which make too much money to have profits cut. Both of those are extremely strong evidence that the broker is not ECN.

The FPA strongly recommends AGAINST doing business with forexmart.

June-july 2016: multiple fake and highly suspicious positive reviews submitted for forexmart.

Need more info?
Read and ask HERE.

Broker details

established:	2015
address:	shamrock lodge, murray road, kingstown, saint vincent and grenadines
contact:	support@forexmart.Com, +44 203 5751 513
regional offices:
regulators:
prohibited countries:

withdrawal methods:

bank wire, VISA, mastercard, alipay, fasapay, neteller, payco, qiwi, skrill, unionpay

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Traders reviews

This will be my final update and opinion about this broker.
Since I deposited through BTC. I withdrew 7910$ through BTC on the 25/03/20. They processed it on the 01/4/20. As at when they paid the value of BTC was equivalent to 7467$ in my wallet.

I wrote back to them on that same day stating that I was not paid in full. Support told me that finance department is looking into it. It took them another one week for them to get back to me again. As always this is after sending countless mails to them. Support couldn’t reply cos they have to hear from finance department. Their finance department never respond to emails. I repeat, NEVER! And no other way to contact them. Even support department can’t get across to their finance department except through mail. What a joke of a company.

When support got back to me they said and I quote “we used the rate 25.03.2020 when the w/d requested and not the rate when the payment was made.
Rate used: 0.00014953”

How can you pay someone and on the day of processing, you use the rate of a day that has past. A rate of 7 days ago to process BTC payment that is done instantly. Bloody cheat and scammers.

Apr 3, 2020 - no rating yes, forexmart finally paid me my money back after a week.
My withdrawal request was for 7910$ through BTC however the value of BTC I received was 7467$

Meaning that this broker still owes me a couple of dollars and my money wasn’t paid in full. I have emailed them and waiting again for a reply/ balance payment. Hopefully this won’t take another 1 week.

Apr 1, 2020 - no rating this is an update on my previous review about this broker. They paid me my withdrawal request from my account; 58037429 after a week.

Although it took 7 days, I am glad that I could deposit and withdraw with forexmart.

I’d like to also thank the organizers of this site for creating a public awareness on brokers.

Mar 30, 2020 - 1 star it has been over 3 days now and they won’t process my withdrawal of 7910$ from my acc: 58037429.
I was convinced by an IB to deposit with them

Now they keep telling me my withdrawal request is being checked. SCAM!
I wouldn’t advise my enemies to do business with them. Give me my money back forexmart

Forexmart claims to be ECN, but it's terms allow trades to be cancelled if the trades are less than 2 minutes and also allow for trades which make too much

Very bad broker dont join

Please help me, i have a problem with "the bucket shop" forexmart who claimed to be a broker
dear FOREXMART
firstly, I would like to introduce my self. My name gungun muhamad nahar from indonesia. I am a client of forexmart one of forex trading brokers.
I want to complain to forexmart due to cancellation of my profit from trading transaction on march 22nd 2018 on 02.00 pm. At that time, I was trading on forex GBPUSD. Twenty minutes before the transaction I was set the order, the price touched the order and take profit. The transaction was closed automatically. From that trade, I get the profit 3300 dollars. But then the broker was cancelled all my profits due to the time period of the trade happened less than 2 minutes from which the transaction has been opened
my objection of this cancellation because :
1. The transaction was executed and closed automatically based on pending order that has already been set before
2. I can not predict the time when the order was execute, the price touch the order (buy stop and take profit) and then closed automatically
3. The cancellation never happen when we loss from the trade which happen less than 2 minutes from the transaction has been opened. This is not fair. The clause of 35.9 only told about trade that happen less than 2 minutes and not stated whether the trade makes a profit or loss. Due this clause, forexmart should cancel any trade that happen less than 2 minutes, whether the trade makes profit or loss
4. I have experience before, take profit from the trade less than 2 minutes, with small amount, the broker didn’t cancel the trade. But in this time, when the profit have quite large amount, the broker cancelled the trade. I give you the evidence of other transaction history, with the trade has happened less than 2 minutes from the transaction has been opened.
5. The forexmart has no good intention to restore my profit that already been my right.
Forexmart must return all of the profits , and for customer protection, the institution which relevant to this should investigate this incident as a licensor institution responsibility.

Forexmart review

Founded in 2015 and based in limassol, cyprus, forexmart is an online trading broker that offers over 100 trading instruments across different asset classes, including forex currency pairs, share cfds, spot metals, and cryptocurrency through the metatrader 4 and the broker’s proprietary trading platforms. They provide clients with a range of useful trading tools to enhance clients’ trading experience.

Forexmart review – broker features

The broker also provides traders with favorable trading conditions, such as a leverage of up to 1:500, spreads from 0.0 pips with no requotes, and an excellent customer support team. They operate the no dealing desk (NDD) execution model. The broker has been honored with several industry awards, including the ‘best new broker europe 2016’ by ‘international finance magazine.

Forexmart review – broker awards

Forexmart review introduction

In this forexmart review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including forexmart.

Forexmart platforms & tools

The broker provides traders with several powerful and intuitive trading platforms. They include the metatrader 4 and the broker’s proprietary forexmart trading platforms. The MT4 platform is easy to use and has lots of useful features and automated trading capabilities, including one-click trading, expert advisors, and a wide selection of charting and technical analysis tools.

Forexmart review – MT4 trading platform

Forexmart provides the MT4 platform as a desktop application for windows and mac computers and a web version that runs directly on most modern web browsers, such as chrome, safari, firefox, and edge. There are also mobile apps that are designed for android and ios devices.

Forexmart review – MT4 mobile app

The proprietary forexmart trading platform is available as a web platform and a mobile app that is compatible with android or ios. Forexmart also gives clients access to a range of useful trading tools in addition to those built into the forexmart and the metatrader 4 trading platforms. They include the forexmart copytrading, economic calendar, virtual private server (VPS), and economic news.

Forexmart review – social trading

Forexmart research & education

The broker’s website has a good selection of educational materials which aim to improve traders’ skill and enhance their trading experience, and they include a glossary of over 200 terms and their explanations, educational articles and brochures, presentations on forex trading, and a FAQ section that has over 45 questions and answers on forexmart services.

Forexmart review – economic calendar

Forexmart trading accounts

The broker offers traders a wide choice of different account types, which are tailored to suit each individual trader’s needs and capital. All the accounts have leverage of 1:500 and low spreads that range from 0 to 2.0 pips. The accounts and their corresponding minimum required deposits are as follows: classic ($15), zero spread ($1), cents ($15), pro ($200 and 1,000 euros for european clients), scalping (100 euros), and standard (15 euro) accounts.

Instant order execution is used for the forexmart standard and the forexmart zero spread accounts, whereas market execution is used for all other account types. Demo accounts are also available for practice purposes.

Forexmart account funding

The broker accepts the following payment methods as the available account funding and withdrawal options: credit/debit cards such as visa, mastercard and unionpay, and online payment processors, including skrill, neteller, payco, fasapay, and alipay.

Forexmart review – payment options

Some fees may be charged when using certain payment methods, while the transaction processing time may vary, depending on the payment provider.

Forexmart customer service

The broker offers clients a multilingual customer support team that is available 24/5 to assist traders. They can be reached via telephone, instant live chat, email, or by filling the ‘call back’ form on the broker’s website. The team is also available on popular social media handles.

Forexmart regulation

Www.Forexmart.Com is operated by ‘instant trading EU ltd’, a cyprus investment firm that is authorized and regulated by the cyprus securities and exchange commission (cysec). The firm’s license number is 266/15. Also, www.Forexmart.Com is operated by ‘trademart SV ltd’, which is registered in saint vincent and the grenadines. The registration number is 23071.

Forexmart review summary

Forexmart is a regulated online trading broker that offers multiple tradable assets via the metatrader 4 trading platform. The broker has a good selection of educational materials, multiple account options, trading tools, and supports social trading.

It is worth mentioning that some of the trading products and services in this forexmart review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the forexmart broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Forexmart review

Forexmart is a forex and CFD broker which was established with the aim to provide traders around the globe with a world-class trading environment and the best execution conditions possible. The broker implements methods to help ensure safety of client funds, quality customer care, trading tools, analytics as well as social trading.

Forexmart review, pros & cons

Regulated brokerage firm

User-friendly trading platforms for multiple devices

Social trading is available

Spreads starting from 0.0 pips

Economic news

Residents of USA, north korea, myanmar, cuba, sudan & syria are not accepted

Incomprehensive training resources

Limited trading instruments

In this detailed forexmart review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Forexmart is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including forexmart.

Forexmart review: summary

Forexmart is a committed and experienced brokerage firm that provides multiple financial instruments for trading on the MT4 trading platforms. The firm was established in 2015 with headquarters in limassol, cyprus while the international arm is operated from st. Vincent and the grenadines.

Forexmart has invested in state-of-the-art infrastructure and technology which has resulted in ultra fast trade executions. The brand operates the ‘no dealing desk’ (NDD) brokerage model. The assets quotes are collated from various liquidity providers and the best prices are streamed directly to the clients’ MT4 platform in real time.

Forexmart has different trading account types for its numerous clients needs with unique characteristics and trading terms. Traders are provided with some useful trading tools such as a free VPS for those who qualify along with market news and analysis to help with daily trading activities.

Forexmart review: broker features

Forexmart partnered with HKM zvolen; a well known slovakian ice hockey club established in 1927. Forexmart president affirmed that the partnership was engendered by the two partners’ common philosophy of wining and growth as a team with our clients.

Forexmart has won several industry awards for brokerage services. Amonhst them are the following awards:

‘best new broker europe 2016’ by ‘international finance magazine’.

‘best broker in europe 2015’ by ‘showfx world’.

‘most prospective broker in asia 2015’ by ‘showfx world’.

‘best forex newcomer 2016’ by ‘global business outlook’.

Forexmart review: broker awards

Forexmart review: regulation

Www.Forexmart.Eu is operated by ‘instant trading EU ltd’; a cyprus investment firm that is authorized and regulated by the cyprus securities and exchange commission (cysec). The firm’s license number is 266/15.

Www.Forexmart.Com is operated by ‘tradomart SV ltd which is registered in saint vincent and the grenadines. The registration number is 23071.

All clients’ funds are kept in segregated bank accounts in the custody of reputable international banks. This means that client funds should not be used by forexmart for their internal operations even if the broker runs into a financial crisis. As a member of the investor compensation fund (ICF), eligible european clients are entitled to the sum of €20,000 in insurance coverage.

The brokers trading environment and websites are protected by ‘secured socket layer’ (SSL) technology. This ensures that all data are encrypted before it is transmitted through the internet. This further secures all communication between the clients’ workstations and forexmart’s servers.

Forexmart review: countries

Forexmart does not provide services for residents of certain countries, such as the united states, north korea, myanmar, cuba, sudan, syria and some other regions.

Some forexmart broker features and products mentioned within this forexmart review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Forexmart review: trading platforms

Metatrader 4 (MT4) platform

Forexmart clients can use the metatrader 4 desktop version to read and analyze charts, place trade orders, manage multiple orders and more. This is the flagship version of the popular MT4 trading platform which is used by millions of online traders all over the globe. MT4 is fully loaded with an abundance of trading tools and features to suit the needs of both beginner and experienced traders alike.

The MT4 platform features include:

Fully customizable user interface to suit the trader’s preferences and needs.

It comes with up to 30 inbuilt technical indicators.

Analysis with 3 chart styles including line, candlestick and bar charts.

The ‘market watch’ window displays all the trading instruments and their bid/ask quotes in real-time.

Supports automated trading with the use of expert advisors (eas) created with the MQL4 language.

Supports one-click trading.

Set price alert notifications via email, SMS and platform pop-ups

Forexmart review: MT4 trading platform

Forexmart web platform

The forexmart web platform is a secured web-based trading platform that you can use to access your account and trade whilst on the go. You simply login to your account and trade without downloading or installing any trading apps or software. Forexmart states that its trading environment is securely encrypted using SSL technology. The web platform is compatible with most modern web browers including google chrome, mozilla firefox, safari, opera mini and microsoft internet explorer.

Forexmart review: web platform

Forexmart mobile platform

The forexmart mobile trading app gives traders the opportunity to access their accounts and trade anytime and anywhere in the world, provided they have an internet connection. The app is the free MT4 mobile app which is designed to support all your trading and analysis while on the go. The interface is user friendly so it requires no special training. The platform offers 3 chart styles, 30 technical indicators and 24 drawing tools. The live charts can be viewed on 9 timeframes from 1 minute to 1 month. The app can be downloaded and installed for android and ios devices from their respective app stores.

Forexmart review: mobile platform

Forexmart review: trading tools

Forexmart copytrading

This is a social trading package designed for investors and expert traders. Investors search for expert traders on the ‘forexmart monitoring page’ and view their portfolios and performance statistics. They can make decisions on whom to follow and then start copying their trades automatically. Investors still maintain full control while their accounts mirror the trades of the expert trader. The traders are compensated via commissions made by the investors.

It should be strongly emphasised that there is absolutely no guarantees on how the signals will perform and you should be fully aware of all the significant risks involved with trading online.

Forexmart review: social trading

Economic calendar

The economic calendar tells the trader up and coming news in the financial markets. It is a real-time, fundamental analysis trading tool that allows clients to get up-to-date information on the market events and the possible impact that they may have.

Forexmart review: economic calendar

Virtual private server (VPS) hosting

The VPS service is apt for traders who desire reliable and steady connection to the trading servers. This is often those who do not have a stable internet connection and those who need to run automated trading systems around the clock. Forexmart offers free VPS services to clients who maintain a minimum deposit of $500 and trade a volume of at least 0.5 lots round turn every month. If you opt for the free VPS but do not meet the requirements, you will need to pay for it.

Economic news

Forexmart provides its traders with daily updates on economic news. These news updates could be changes in central banks policies, changes in financial indicators, updates on the financial markets or any news events that are likely to have an impact on various global markets.

Forexmart review: education

The educational content on the forexmart website is comprised of the following:

A glossary of over 200 trading terminologies along with an explanation of each.

An education brochure titled ‘the 10 ideas behind forex trading’ which is a 7-page e-book in pdf format that introduces forex trading, leverage and pips to new traders.

A presentation on forex trading: the presentation consists of 30 slides introducing forexmart and its services, including how to register, download and use the MT4 trading platform.

An article on how to install an expert advisor (EA).

FAQ: this page has over 45 questions and answers on forexmart services such as payments, account verification, trading platform and general questions.

Forexmart review: trading instruments

Forexmart offer the following instruments for trading on its platforms:

Around 98 forex currency pairs

53 cfds on shares

3 spot metals

5 cryptocurrency cfds

Forexmart review: trading accounts & fees

Forexmart has different account types designed to meet the various needs of its clients. A trader can choose an account type depending on his trading capital and required trading conditions. For all accounts, the maximum leverage obtainable is 1:500. Instant order execution is used for the forexmart standard and forexmart zero spread accounts. Market execution is used for all other account types. The account types include:

Forexmart classic

The minimum deposit is $15 while the average spread is 1.2 pips. The minimum spread is 1.0 pip and no commissions are charged.

Forexmart zero spread

The spreads are fixed at 0 pips with commissions of 0.02 -0.07% charged on every trade. The minimum deposit is $1 and client orders are executed instantly.

Forexmart cents

This account is very similar to the classic account with all its features. The major difference is that the ‘cents account’ is denominated in cents lots. This account is geared towards beginners who wish to try out live forex trading after practicing on the demo account.

Forexmart pro

This account requires a minimum deposit of $200 for international clients and €1,000 for european clients. The minimum spread starts from 0.6 pips while the average is 0.8 pips.

Forexmart scalping

This account is only for the european clients. The minimum spread is 0 pips while the average is 1.2 pips. The minimum deposit required is €100 and no commissions are charged.

Forexmart standard

This account is only available to european clients and it offers fixed spreads of 2.0 pips. The minimum deposit is €15 and no commissions are charged.

Demo account

Demo accounts are available for practice purposes at no costs and no risks to the trader. It is loaded with virtual trading funds up to $500,000.

Forexmart review: account types

As broker fees can vary and change, there may be additional fees that are not listed in this forexmart review. It is imperative to ensure that you check and understand all of the latest information before you open a forexmart broker account for online trading.

Forexmart review: customer service

Forexmart has a team of experienced customer service representatives who are available to answer your questions 24/5. The support desk has several channels through which you can contact them. These channels include: telephone, instant live chat, email, viber, skype, telegram, and whatsapp. A ‘call back’ form is available on the website which can be used to schedule a call from the client service department. The client can select up to 6 languages for the call and also choose his most preferred time to be contacted. Forexmart is also on facebook and twitter.

Forexmart review: deposit & withdrawal

The following payment options are accepted by forexmart:

Credit/debit cards: the accepted cards are the ones issued by visa, mastercard and unionpay. Deposits are processed within 24 hours with no commissions. For withdrawals, a commission of 2.5% + $3.5 are charged. 2% of the transaction amount is charged for unionpay.

Online payments: the accepted options are skrill, neteller, payco, fasapay and alipay. Deposits are instantly processed or at most, processed within 24 hours. Withdrawals are usually processed within 48 hours except for skrill and neteller which are processed 1-7 working hours. Transaction fees are charged.

Forexmart review: payment options

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Forexmart: account opening

If you wish to trade with forexmart, you can visit the brokers website and click on ‘register’. Enter your name and email on the form that displays and click ‘submit’. The account registration form loads.

Forexmart review: broker account form

Fill your personal details, trading account details and lastly, account verification using a government issued ID card and a utility bill. Immediately, you are logged onto the clients’ cabinet. This is the clients’ area where you can download the MT4 trading platform, create a demo account, monitor your trades, enrol for social trading, make deposits and withdrawals, etc. Your clients’ cabinet area user name and password including your MT4 login details are sent via email.

It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.

Forexmart review: conclusion

Forexmart is a regulated broker that provides online trading services to different categories of traders worldwide. All clients can trade on the MT4 platform available for web, mobile and desktop devices. MT4 is a powerful and popular platform that has been tested and trusted by numerous brokers and traders alike.

Forexmart has robust and reliable state-of-the-art hardware that helps to ensure swift trade executions with no requotes. They provide trading tools to assist traders with their daily trading activities along with social trading.

However, the number of trading instruments provided by forexmart is small when compared to other online brokers that offer thousands of tradable assets. Forexmart does not offer indices, commodities, etfs or bonds.

There are no in-house team of analysts that can present daily market analysis, insights, signals and trading ideas. The educational resources provided are not comprehensive and will likely be insufficient to effectively teach a new trader.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.14% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Min $1 deposit

Forexmart is an online broker offering forex & CFD trading with competitive conditions. The broker has a variety of trading tools, market analysis & supports social trading.

Forexmart broker review

Our forexmart review explores an accomplished forex broker that offers you the change to trade a plethora of global assets. This includes over 100 currency pairs, shares via the CFD market, cryptocurrency via the CFD market, and both gold and silver.

Their wide range of instruments makes them a great choice both experienced forex traders and traders who are looking to diversify their portfolio. When you trade with forexmart, you also have access to some of the industry’s leading trading platforms, where you can use various trading tools and robots on both mobile and desktop.

Our forexmart review team found this broker to be the best for high volume trading at low-value costs. Continue reading to discover why.

Forexmart regulation and licensing

Forexmart.Com is regulated by a number of well-respected authorities, including cysec. Their certifications can be found under the umbrella company tradomart SV ltd., and they are aiming to become regulated by more authorities in the future.

As per cysec rules, forexmart traders are covered by the investor compensation fund. This means that your capital is always kept in segregated accounts and cannot be used for company operations or trades. It also means that, should the broker become insolvent, you are covered for up to $22,000.

Account types

Our review of forexmart found that the broker offers four different account types to international clients, and five different account types for EU traders.

The classic account is, as the name suggests, the most popular choice for most traders. This account has a minimum spread of one pip and a minimum deposit of just $15. It’s also commission-free, making it perfect for all most every type of trader.

The forexmart cents account functions almost identically to the classic account. In fact, the entry barrier is the same, however, it offers cent lots. Due to this, our review team found that this forexmart account is ideal for beginners.

You can also choose to sign up to the pro account, which has a minimum deposit of $200 for international clients, or $1,100 for EU clients. In return for a higher minimum deposit limit, you are offered a minimum spread of 0.6 pips and no commission fees.The broker also offers the zero spread account, which means that there is a fixed zero pip spread, with a minimum deposit of $1.00 to open the account. There is a 0.02% minimum commission that extends to the 0.07% on the high-end. These are extraordinarily small commissions and can save the trader a ton of money over the longer-term.

EU clients can also benefit from the forexmart scalping account. This has a minimum deposit of $111, and a minimum spread of zero pips.

There are also opportunities to open up a demo account, which allows traders to practice their trading strategies and see how the platform functions. Beyond that, forexmart also offers an islamic swap-free account for those who need to do so for religious purposes.

Forexmart trading costs

As mentioned previously, most trading is facilitated via the spread and costs are quite low in that sense. The spreads are tight, which saves the average retail trader quite a lot of money.

Forexmart.Com charges absolutely no fees for deposits. In fact, this broker even goes as far as reimbursing any deposit costs that customers incur from their payment provider. There are, however, fees for withdrawals. These vary depending on which payment method you use, yet none cost over 2.5%.

Considering all of that, our reviewers found that your trading costs at forexmart are minimal, especially compared to other similar brokers.

Forexmart payment methods

Forexmart.Com offers you the choice of several different payment methods, including bank transfer, visa, mastercard, skrill, neteller, payco, fasapay, qiwi, union pay, and alipay.

In order to deposit to your account, you simply go to your client area, login, and then click the method of payment you choose. All deposits are processed within 24 hours, apart from wire transfers which take between 2 and 4 working days.

You can also withdraw via the methods mentioned above. Withdrawals are generally processed within 48 hours, yet those made via wire transfer will still take between 2 and 4 working days. If you want a faster cash-out option at forexmart, our reviewers recommend you choose neteller or skrill. These e-wallet services allow you to withdraw within 7 hours.

Forexmart trading bonuses

Forexmart offers a generous bonus to all new international traders. It is credited to you when you make your first deposit and provides you with an excellent opportunity to explore everything the broker has to offer.

Unfortunately, this bonus is not available to EU traders due to regulations.

Forexmart trading platforms

Our forexmart reviewers found the broker’s site to be intuitive. Before you register, you can find all the information you need with ease, such as account types, payment options, and available tools.

Opening an account with forexmart is also straightforward. You can do so within minutes but do note that you will need to verify your account before you can start trading. You can do this by supplying the broker with proof of identity, such as a passport or other ID document.

Once you’ve registered with the broker, you will have access to one of the world’s most popular trading platforms, metatrader 4. This is a huge benefit for both beginner traders, as MT 4 is easy to use, and seasoned traders, who are likely to already be familiar with the platform. Metatrader 4 allows you to use robots and offers over 40 technical indicators.

If you don’t want to download the metatrader 4 desktop platform, you can also trade via forexmart for web terminal. This is also powered by MT 4 and can be launched from your internet browser. You can place all types of orders on this platform yet it’s worth noting that this version doesn’t come with all of the same tools as metatrader 4.

Mobile compatibility

Our forexmart broker review team were pleased to discover that the site runs well on mobile devices. Although it’s not as easy to navigate as on desktop, it’s still quick to load. This makes checking news and real-time quotes easy, and you also have access to all the broker’s educational materials when on-the-go too.

As forexmart uses metatrader 4, you can also trade when and where you want using the MT 4 mobile app. This is available on both ios and android devices and has long been considered the best mobile forex trading platform around. Even on mobile, the charting platform is top-notch and can run the same type of indicators that you can on the desktop.

Education and training

Our reviewers were a little disappointed by the education and training facilities at forexmart. The broker offers a glossary of terms, a short video for beginner traders, and instructions on how to load an EA onto the trading platform. Unfortunately, they do not offer webinars or longer video guides.

Although their learning services may be inadequate for complete beginners, forexmart does offer a range of other tools, such as news, market analysis, and an economic calendar. These are very useful for all types of traders as keeping on top of global events can give you insight into which way to trade.

Forexmart customer support

Forexmart.Com offers plenty of support through various channels. You can get in touch with the broker via email, phone, whatsapp, skype, telegram and viber. You can also request a callback, and all support options are available 24/5.

During our review of forexmart, we reached out to the broker’s customer support agents several times. We consistently found that our queries would be answered thoroughly and quickly, which is exactly what you want from a trustworthy forex broker.

Forexmart – our verdict

Although forexmart is relatively new to the industry, our reviewers found that they are already delivering an impressive experience. They offer hundreds of markets, account types suited to all types of traders, and access to the industry’s best trading platforms.

Overall, we’d recommend forexmart to both beginner and veteran traders, and everyone in between. Whilst the broker’s educational resources are limited, the free demo account and low minimum deposit limits are perfect for those looking to practice their trading. More experienced traders will also love the fact that they access the CFD market, use robots and benefit from low fees.

Forexmart faqs

Is forexmart a regulated broker?

Yes, forexmart is regulated by several well-respected authorities, including cysec and SVGFSA.

What account types does forexmart offer?

Forexmart offers several account options, each suited to different trading styles. You can choose from the classic, the cents, the pro and the zero spread account. The broker also offers demo accounts and islamic accounts available.

Does forexmart offer a bonus?

Forexmart rewards all new international clients with a generous welcome bonus. This is available when you make your first deposit at the site. Unfortunately, traders within the EU cannot benefit from this bonus due to regulations.

What is the minimum deposit at forexmart?

At forexmart, you can open a live account and start trading with as little as $1.

Is forexmart secure?

Forexmart is a well-regulated and trustworthy broker. All client funds are held in segregated accounts and protected by insurance policies. The site itself utilizes SSL encryption technology to protect your data and all payments are made via secure banking methods.

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Wide range of tradable assets

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Forexmart review

Minimum deposit

Bonus

Maximum leverage

Spreads

Licences

US clients

This broker is not recommended!

Topforexbrokers.Net team does not trust this broker and advises you not to sign up with it.

When a broker company wins an award in the forex market, people may assume that the broker in question offers top-notch services and that it is safe to invest with such an attractive trading provider. However, contests and awards can often be misleading, and prospective investors should always be cautious when putting their name on the dotted line. That is why our forexmart review will examine all the features and characteristics of this broker house, and we will see if the title of the best broker in europe for 2015, which was given to forexmart by showfx world, was justified or not.

Forexmart at a glance

Forexmart is a trading name of tradomart ltd, and this young broker has only a couple of years of experience under its belt. However, it seems that the company is regulated by cysec, under the number 266/15, which means that forexmart scam may not be present after all. But, let’s not jump to conclusions since there are other issues that are problematic when it comes to dealing with forexmart. Additionally, this broker is currently in a partnership agreement with “U.D. Las palmas”, a football club competing in the spanish “primera” league.

Forexmart – opening an account

The foreign exchange market is a risky and volatile environment and traders have to be very careful when picking a broker that will handle their transactions and trading activities. That is why reading forexmart reviews will help you learn a thing or two about this particular company, and for instance – you will discover that this broker offers three types of accounts, besides the demo option. ECN standard, ECN zero, and micro account are available at forexmart, and the leverage with some of these accounts may go up to 1.5000, which is a ridiculous amount and can be considered as a proper warning about suspicious activities of this broker house.

Trading software

Just like many other broker companies out there, forexmart broker uses metatrader 4 software solution as well. This software package is well-known in the forex world, and it does, in fact, offer some benefits and an impressive range of possibilities. However, forexmart fails to utilize the platform properly, and they did not incorporate the full range of features that this package can offer. Also, there are mobile apps available, and traders can download them to their smartphones and tablets.

Bonuses

Promotions and gifts are an essential ingredient of successful operations in the forex market, and every decent broker will try to offer reasonable but generous trading incentives. In our forexmart opinion, this broker fails to do so since they are offering just a couple of types of bonuses, and one of their primary incentives are tickets for “las palmas” games. Aside from that, there are welcome bonuses of 30% and 50%, and a competition called “the lucky draw” where you could win $1000, but the requirement for this lucrative “gift” is to deposit $300. As you could see, the offers may be generous, but they are tied to demanding terms and conditions, and this is one of the reasons why forexmart is not the best place to trade currency pairs and other assets.

Banking methods

Minimum deposit amount that you are required to deposit with forexmart is just $1, and this is, according to a lot of forexmart opinions, a classic “swinging carrot” that should be tantalizing and attractive for potential investors. Also, forexmart claims that they do not charge a commission for their services when clients are transferring the funds to and from their accounts, but we all know this is not true. Clients can use several methods to deposit and withdraw the funds, and wire transfer, credit cards, and e-wallets are on their disposal.

Customer support

Forexmart forex broker does not offer much when it comes to the quality of their customer support service, and most traders will be left disappointed with the lack of assistance in critical moments. As they say “a friend in need is a friend indeed” and clients can only reach forexmart via chat option or by a call-back feature. Additionally, there is a FAQ section which can provide you with some answers at least.

The verdict

Forexmart is still a young and aspiring broker company, and their services could get better over time, but at this moment – this company is simply not providing a satisfying level of quality. As you could see in our expert forexmart FX broker review, a lot of drawbacks are still present in their activities and operations, and it remains to be seen if those issues will be repaired soon.

Forexmart review

Review

Forexmart is the trading name of a cyprus investment firm located in limassol, cyprus and regulated by the cyprus securities exchange (cysec). Last year, it was named by showfx world as the best broker in europe 2015 and most perspective broker in asia 2015.

Accounts

There are two accounts at forexmart—the standard and the zero spread. A minimum deposit of 1 USD is required to open either of the accounts and currencies in both can be in USD, EUR and GBP. The only difference in the two accounts is the spread of 2 pips that is charged for major currencies in the standard account and the fee of 2 pips applied to major currency pairs in the zero spread account.

Leverage for both accounts range from 1:1 to 1:1000 and demo accounts are available.

Account types comparison

All clients’ funds are separated from the company’s assets.

Features

Forexmart offers several types of partnership programs. The friend referrer allows referred friends to do most of the work and all the trader must do is promote forexmart services to potential clients and make them trade in the company. When they generate profit, so does the trader.

Forexmart has designed different user-friendly, glitch-free widgets, as well as promotional materials, which can be integrated into any website and traders can take advantage of this when building their site.

Interested parties can choose to become an online partner, local online partner or local office partner all of which help generate extra income to a trader’s account.

Bonuses/promotions

When a trader opens a forexmart account and makes a deposit, he/she has the opportunity to get 30% of the total amount of money deposited. For example, if he deposits $100, a $30 bonus will be deposited in his account for a total balance of $130. The automatic system will generate the right amount of bonus.

The no deposit bonus program enables traders to test the trading platforms without experiencing any investment risk. All it takes is creating and validating an account. The bonus can be availed once and cannot be combined with other kinds of bonuses. Traders may receive a no deposit bonus of up to $150.

At the time of the writing of this review forexmart was giving away VIP passes to watch UD las palmas play against the best european football teams at gran canaria stadium. All active forexmart clients were qualified to join the raffle. Each client automatically receives one (1) raffle entry and participants had to be 18 or older.

Also available when doing this review was an ongoing contest called the moneyfall for demo account users only. All demo account holders were eligible to register for the contest and the total prize fund per week was $2000. A starting balance of $5000 was necessary for the weekly contest where the first place winner received $650, 2 nd prize was $500 and there are 10 prizes each week.

Education

There are several tools available at forexmart which help traders become more profitable including the pip calculator and the margin calculator. An example of each is posted on the site.

Forex calculator

There is also a currency converter with up-to-date charts that cover the minimum and maximum bid and ask over a 24-hour period.

Historical exchange rates are shown in chart and table forms.

Currency charts in various forms such as candlestick and trend lines can be seen by clicking the dropdown box on the chart page.

EUR/USD forex chart

VPS is also available for free for clients who deposit a minimum of 500 USD in their account (or equivalent in other currency). Clients have to trade at least 0,5 round turn lots each month to maintain the VPS.

Deposits/withdrawals

The available payment options include visa, mastercard, neteller, skrill, payco and other online wallets. There are no fees for any deposits.

Withdrawals are made by filling out an online form and selecting the withdrawal method.

Customer support

Traders can contact customer support 24/7 by email and by telephone during working hours- 07:00 - 16:00 GMT. Chat is available during working hours from the website and skype is as well during these hours.

The website and platform are available in english only.

Conclusion

Forexmart is a fairly new entrant in the forex market. It offers a straightforward website with the basic features needed by a beginner trader. The bonuses are generous and the fact that there is regulation is certainly a plus.

Features

The features at forexmart are quite standard but the most interesting offerings are the bonuses. At the time of this review, there were five different bonuses and promotions being offered including a no deposit bonus of $150. There were also several types of partnership arrangements which went beyond the usual affiliates and white label programs. Major pluses for this broker is the fact that it is regulated by cysec and that the platform used for trading is the metatrader4 which is the most popular platform in the market.

Platforms

Metatrader 4

Forexmart offers traders the use of the metatrader 4 trading platform, the most powerful, easy-to-use platform in the market today.

Metatrader 4 enables traders to track up to four charts simultaneously, trade directly from the chart, place orders, and manage multiple orders. The software is free and easy to install and supports several trade size allocation methods. It also provides over 40 technical indicators and has a customizable interface.

Search results

Think BIG. Trade forex. As your trusted partner, forexmart is highly committed to providing superb trading software and giving exceptional trading experience.

As your trusted forex trading partner, forexmart is highly committed to offering the top-of-the-line trading software, giving exceptional trading experience, protecting your account against any fraudulent activity, and equipping you with significant trading knowledge.

Think BIG. Trade forex. As your trusted partner, forexmart is highly committed to providing superb trading software and giving exceptional trading experience.

Forexmart is strongly committed to being your dependable forex trading partner.

Transferring and sending funds into your trading account have never been this easy and safe.

Forexmart is regulated by cyprus securities and exchange commission (cysec). With licence number 266/15.

Verify your forexmart account to access all our services. Please take note this process can only be done on our website. If you do not verify your account, you may not be able to fully access our services.

Start your forex trading experience with forexmart. We offer two types of live accounts. To discover contract specification, please visit this page. Enjoy competitive rates, glitch-free trading platforms, and instant trade executions on both account types.

No need to open a live account to learn forex. Using our demo account, you can practice forex trading in a risk-free environment - for free!

Start your forex trading experience with forexmart. Experience instant trade executions and glitch-free trading platforms.

Start your forex trading experience with forexmart. Enjoy competitive rates, glitch-free trading platforms, and instant trade executions.

Metatrader 4 enables you to track few charts simultaneously, trade directly from the chart, and place multiple orders.

Forexmart offers a wide array of financial instruments, as well as cfds on spot metals and shares.

Trade stocks like you have never done before. Go short or long on positions with more than 200 well-known US and UK shares.

With forexmart for partners, enjoy timely payments, competitive rates, and limitless commissions per client.

Earn commissions and reap rewards when referring clients through your affiliate link.

Gain as your clients trade. Be our partner today and earn up to 50% revenue share.

Let people do the work for you. As they generate profit, you earn money too.

Whether launching a website or improving a site, we got you covered. Our promotional materials can be integrated into any website.

Capitalize on the website trafic. Gain profit without monitoring your clients and their trades.

Be an official forexmart representative. Expand your client network with our latest trading technology and competitive rates.

Let people do the work for you. All you need to do is to promote our services to potential clients and make them trade in the company. When they generate profit, you earn money too.

Integrate our eye-catching, sophisticated banner on your website, blog, or personal site to advertise our offerings.

Forexmart offers several informers that can be embedded on any customer or partner website.

VPS specifications, to apply for VPS, please contact support department via support@forexmart.Com. To claim a FREE VPS, clients just need to deposit a minimum of 500 USD in their account (or equivalent in other currency). Clients have to trade at least 0,5 round turn lots each month to maintain the VPS.

Forexmart is more than pleased to assist you 24 hours a day, five days a week.

Know more about forex trading, as well as our products and services in this section.

Forex glossary the most important terms related to forex trading are presented in this glossary

Readable and downloadable list of all legal documentations

Start your forex trading experience with forexmart. Experience instant trade executions and glitch-free trading platforms.

The risk disclosure notice, 'the notice' is provided to the customer in accordance with law 144 (I) of 2007 as amended.

The terms and conditions lays out the framework of the service agreement and the nature of the investment services provided by the company.

The complaint handling procedure outlines the processes when contending with complaints received by clients.

Some conflicts of interests cannot be resolved altogether. Hence, the company has taken a transparent, fair approach of resolving such instances.

When opening a trading account, prospective clients are classified as retail client, professional clients, or eligible counterparty.

The fund encompasses clients, as well investment and ancillary services offered by the company.

Under the CIF licence, the company offers investment and ancillary services.

You signify your agreement with and understanding of the following terms and conditions relative to both this website and any material in it.

Employment details and account confirmation updates

Check all your current trades and pending orders. For closed and canceled deals, go to history of trades.

View all closed and canceled deals for a particular time period by providing the necessary details below.

Find out the margin size and point cost for each leverage and lot size. Bear in mind leverage size does not influence point cost. Also, trading with forexmart depends on specific lots.

Change personal information of personal account.

Change personal account password.

Upload documents in verifying personal user account.

Metatrader 4 account information.

Deposit, withdrawal, transfer between accounts and transaction history

Partnership commisions page

Partnership clicks statistics

Partnership referral statistics

Full name: juan carlos valerón santana date of birth: june 17, 1975 place of birth: arguineguín, spain height: 1.84 m (6 ft 1 ? 2 in) playing position: attacking midfielder

We want nothing but the best for all our clients â€“ and that includes prioritizing your funds and interests.

The main goal of forexmart is to uphold the interests of all clients. As we constantly work on providing best products and services, institutions and organizations objectively recognize our company ‘s achievements and growth in the industry.

Forexmart is much thrilled to give away VIP passes to watch UD las palmas play against the best european football teams at gran canaria stadium. All active forexmart clients are qualified to join the raffle.

The cost per action (CPA) partnership enables all our affiliates to reap a one-time commission for each client‘s first deposit. All commissions will be credited within one month, depending on the amount of the client‘s initial deposit.

Forexmart has available downloadable logoes in PNG and PDF formats.

Conversion of currency echange with back data historical exchange rates of data.

Conversion of currency pair , get current quote value of PIP and margin based from currency pair, leverage ,volume and account currency

Know the nuts and bolts of the market,find a reputable broker,create a demo account ,go live

Forgot password? | forexmart

Transfer money from your bank account to ours directly. As you deposit in your local currency, the receiving bank will convert the funds to your preferred currency.

Entrust your funds with one of the world‘s leading online payments. Deposit money to your tradingaccount using your visa credit/debit card.

Skrill (moneybookers) enables you to transfer funds to your trading account and receive money via email.

Being an independent money transfer business, neteller offers a quick, easy method of depositing or withdrawing into your trading account.

Webmoney is a global e-wallet providing an avenue for making deposits or withdrawals into your trading account.

Paypal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account.

Hipay wallet is the e-wallet solution of hi-media payments and allows your online shop users a convenient, fast and secure payment.

Payco, having the lowest transaction fee worldwide, provides the most flexible, safest way of transferring and receiving money online, and paying bills.

With SOFORT banking online shopping payments has never been easier! You can use your own online banking login details â€“ convenient and secure.

Buy online and offline, pay bills and translate money to close at any time.

Megatransfer is a worldwide, online payment that is efficient, convenient, and innovative.

Transfer between accounts | forexmart

Mail support - compose | forexmart

Mail support - my mail | forexmart

Rebate system let‘s make our partnership more effective and rewarding. Forexmart is much delighted to unveil our rebate system, another great opportunity to earn higher commission.

Entrust your funds with one of the world‘s leading online payments. Deposit money to your tradingaccount using your visa credit/debit card.

Skrill (moneybookers) enables you to transfer funds to your trading account and receive money via email.

Being an independent money transfer business, neteller offers a quick, easy method of depositing or withdrawing into your trading account.

Paxum offers a fast, efficient, and affordable payment solution to deposit or withdraw money with ease.

Paypal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account.

ECN technology using your favorite trading platform.

Forexmart announces official partnership with RPJ racing.

Forexmart's analytical reviews provide up-to-date technical information about the financial market. These reports range from stock trends, to financial forecasts, to global economy reports, and political news that impact the market.

Forexmart's forex economic calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.

Forexmart cements new partnership with HKM zvolen.

Forexmart team - are professionals in the financial field working tirelessly to help customers safely and conveniently perform operations on the forex market.

Trade anytime and anywhere through our forexmart mobile application, designed to support your trading needs.

Forexmart goes beyond finance into the realm of sports.

Forexmart offers several informers that can be embedded on any customer or partner website.

Moneyfall contest registration

Moneyfall contest ratings chart

Moneyfall contest winners chart

Forexmart contest - money fall general provisions,participants,participants,results publishing,results publishing,results publishing and language

Forexmart places greater importance on our valuable partner - you. We offer two types of bonus schemes: 30% bonus and no deposit bonus. You can monitor the amount of bonus credited into your account. Remember, any bonus cannot be used in conjunction with other types of bonuses.

Trade with more capital and gain more profit. When a trader opens a forexmart account and makes a deposit, he has the opportunity to get 50% of the total amount of money deposited. For example, if he deposits $100, we will deposit $50 bonus in his account. Thus, his total balance will be $150. Our system will generate the right amount of bonus for your account. Remember, bonus comes from our company and is not considered an e-currency.

Forexmart 30% bonus and no deposit bonus

Trade with more capital and gain more profit. When a trader opens a forexmart account and makes a deposit, he has the opportunity to get 30% of the total amount of money deposited. For example, if he deposits $100, we will deposit $30 bonus in his account. Thus, his total balance will be $130. Our system will generate the right amount of bonus for your account. Remember, bonus comes from our company and is not considered an e-currency.

Forexmart 30% bonus and no deposit bonus

Get a chance to win $1,000 by forexmartâ€™s chance bonus offer

so, let's see, what we have: is forexmart a good forex broker? Beware, they are related to instaforex. Add your rating to the largest forex review database by forex peace army? >> at forexmart review