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ForexMart Broker Review

ForexMart, established in 2015, offers innovative trading services globally with a focus on user-friendly platforms, competitive pricing, and comprehensive support.

Updated: 2 April 2025
Overall rating
4.1 of 5
Minimum deposit
1
Tradable instruments
Forex, stocks, CFD, metals, energy, indices, cryptocurrencies
Regulation
CySEC, FCA, FSC
Overview Users reviews
Marina Panasenko
Edited by
Marina Panasenko
Table of Content

History and Origin

In 2015, ForexMart was founded, aiming to become a global retail forex broker for the provision of excellent and innovative trading services. It has made cheap or free offerings to clients according to the size of their amounts.

Mission and Vision

ForexMart takes pride in its services that enable traders to access all the resources needed for successful trading operations on the financial markets. By trading transparently within the reach of merchants, it aims to make its mark as one of the brokers who can penetrate a worldwide market through reliability and customer-centrism.

Universal Presence

ForexMart is working across a wide range of countries; with its multilingual support and localization solutions, it meets varied international requirements.

Pros and Cons

Key Advantages

  • High Maximum Leverage
  • Multiple Customer Support Channels
  • No Commission Charged

Areas for Improvement

  • High Minimum Deposit
  • Less Attractive Spreads

Security and Regulation

Licenses Possessed

The ForexMart broker is CySEC-regulated, which in terms of financial qualifications is very good for providing the client with a safe trading atmosphere.

Segregation of Funds and Insurance

The client’s money is deposited in segregation at the best banks, separate from the broker's monies. For money management, no customer could overdraft forex losses from the amounts they initially deposited.

Instruments for Trading

Currencies

More than 50 currency pairs are available through ForexMart, including major currencies, minor ones, and exotic currencies with tight spreads and decent leverage.

Commodities

Trading on goods such as gold, silver, crude oil, and natural gas offers further opportunities to diversify trading.

Indicators

Major global indices, such as NASDAQ, S&P 500, and FTSE 100, are all available through the broker.

Securities

Trade in a number of globally shared entities that provide exposure to leading USA and European companies.

Account Types

Fees and Charges

Spreads and Commissions

ForexMart offers low spreads starting at 0.0 pips on Zero Spread Accounts. The Standard Accounts don't charge commissions, but the rates and schedule change according to the trading volume with the commission being increased.

Swap Rates

Keeping a position open overnight attracts a fee known as a swap fee. Islamic accounts avoid swap fees.

Inactivity Fees

An inactive-account fee can be charged to dormant accounts to encourage trading activity.

Trade Platforms

MetaTrader 4

A trading platform supported by ForexMart. Comprehensive educational facilities through the MT4 Terminal provide advanced trading tools with a broad range of indicators.

Mobile Apps for Traders

Trade anywhere using mobile applications for iOS and Android, allowing you to manage your account and stay updated with the market.

WebTrader

WebTrader allows trading directly within a browser without downloads, offering basic trading properties.

Customer Support

Registering the Steps

You will need to register on ForexMart's website by filling out an online form, selecting your preferred account type, and providing the requisite identification documents.

Verification Needs

Currently available for deposit and withdrawal verification are proof of identity (passport or Thai National ID) and proof of address (e.g., utility bills or bank statement).

Deposit and Withdrawal

Methods of Payments

Various options are available for deposits, such as bank transfer, credit card, and e-wallets like Skrill, Neteller, or PayPal.

Processing Times

Deposits are often processed immediately, while withdrawals may take 1-3 business days depending on the payment system used.

Associated Charges

Most deposits are free, but withdrawal charges may vary depending on the method used. For detailed information on fees, refer to the broker's main website.

FAQ

Is the broker regulated?

Yes, ForexMart is regulated by CySEC, Cyprocitel 135/11.

What trading platforms do they offer?

ForexMart offers MetaTrader 4 for both mobile and web-based trading solutions.

How much is the minimum required deposit to open an account?

The minimum deposit is $1, making ForexMart accessible to traders from various backgrounds.

What kinds of accounts does it offer?

The broker offers Standard, Zero Spread, Cent, and Islamic accounts.

What fees and commissions are they charging?

ForexMart charges include spreads, commissions on Zero Spread Accounts, overnight swaps, and inactivity fees.

Users reviews

Diogo

After three months of trading, I was shocked to find that the broker erased all my transactions and earnings. Immediate action is needed to prevent this company from deceiving others!

4 January 2025 Read
Juan Fernando Escobar

Be extremely cautious with this brokerage firm. They have a tendency to keep the profits you earn. I know several people whose earnings have been taken, and there is concrete evidence to back this up. The MT4 account statements clearly show a decline in profits when they are removed, along with emails claiming rule violations, even when all trading activities are completely legitimate and above board. It's outrageous that such deceptive brokers exist. Furthermore, they impose hefty withdrawal fees. If you're interested in seeing the evidence, it's available for anyone to inspect. Avoid this broker at all costs.

3 January 2025 Read
Pavan

Forexmart imposes numerous terms and conditions, which are essential to review thoroughly. These rules significantly restrict trading freedom, particularly during economic events, news releases, and periods of price gaps. Additionally, trading is not allowed if there are sudden spikes within one or two minutes. Should you make a profit during these times, the company retains over 90% of it, citing a policy that limits profits to 10% per trade. Consequently, I believe trading with this firm is not worthwhile and would advise others to consider this before engaging with them.

2 January 2025 Read
Bernad Vasquez

I am incredibly grateful to the consultancy and recovery specialists who advised me against investing with ForexMart. They were instrumental in assisting my friends in reclaiming both their initial investments and any profits they had lost with this broker.

31 December 2024 Read
Steve Locse

I've been partnering with Forexmart for over a year now, and while I've noticed several negative reviews, my experience has been quite the opposite. My agent, Natalia, has always provided exceptional service. They were accommodating when I wanted to use my bot on MT4, and all my referral bonuses were processed within a few hours. My withdrawals have consistently been completed in under a day. I'm genuinely puzzled by the complaints others have mentioned. When I requested a VPS for my bot, they provided it at no cost. Everything has been running seamlessly so far, and I've never encountered any problems with Forexmart. I'm genuinely pleased with my collaboration with them.

30 December 2024 Read
shakirin rosli

Title: Disappointing Experience with ForexMart I’d like to share my recent experience with ForexMart to alert fellow traders. Unfortunately, my encounter with this broker has been less than satisfactory. I encountered significant issues with their platform, including what appeared to be manipulated candles and glitches that affected my trades. I reached out to their support team hoping for a resolution, but my concerns were not adequately addressed, and I did not receive a refund for the problems encountered on MT4. The liquidity provider seemed unreliable, which further added to my frustration. Given these challenges, I would caution others against using this broker for their trading activities. Please be careful and thoroughly research before making any commitments. Account: 58112746

29 December 2024 Read
Daniel Cruz

Account 58099422. The company uses its extensive terms and conditions to restrict the withdrawal of profits earned by traders. My affiliate earnings were denied because some trades by my affiliate lasted under two minutes, which violated one of their rules. After asking my affiliate to review his account, we found that out of 1050 trades, only 363 were under the two-minute threshold. In my opinion, they should have only nullified the profits from those specific 363 trades, not all of them. This experience feels like a scam to me. I strongly advise others to avoid this deceptive broker.

28 December 2024 Read
Sannah

Worst broker experience ever! I highly recommend choosing IC Markets instead, as they're far superior. ForexMart falsely claims they don't charge withdrawal fees for card transactions, but they definitely do. Their live chat support is staffed by individuals who seem poorly informed. Since joining, I haven't seen any profits at all.

27 December 2024 Read
Andrei

They refuse to release my profits. The execution of trades is decent, and the slippage is manageable, so it seemed like a viable option. However, they simply won't process withdrawals. It's the typical experience with brokers of this kind: aggressive trading tactics, constant references to the trading agreement, and holding onto funds. Account number 58071105.

26 December 2024 Read
Teemah

Oh my gosh, I have to tell you about this awful experience I had with this investment platform. So, I got involved with ForexMart, thinking it was going to be a great opportunity. But boy, was I wrong. They teamed up with this guy named AzakaFX, and it felt like they were just out to get us. Can you believe they scammed around 40 of us for a whopping $107,000? I was shocked! Every time I tried to make a trade, it was like hitting a brick wall. I never won anything. And when I attempted to withdraw my money, they'd say it was successful, but guess what? The money never showed up in my account. It was so frustrating and honestly, really heartbreaking. It felt like they were playing games with us. If you're thinking about getting involved with ForexMart or Tradomart SV Ltd., please be careful. I wouldn't want anyone else to go through the stress and disappointment I did. It's just not worth the risk.

25 December 2024 Read
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