ForexMart Forex Broker

ForexMart Review SummaryFounded2015Registered Country/RegionCyprusRegulationCySEC; FCA(Suspicious Clone)Market InstrumentsForex, stocks, spot metals, cryptocurrencies, energy, indices, commoditiesDemo Account✅LeverageUp to 1:30SpreadFrom 4 pips (Basic account)Trading PlatformMetaTrader 4Minimum Deposit€200Customer SupportLive chatPhone: +357 250 57 236Email: support@forexmart.euForexMart Information ForexMart, which was founded in 2015 and is regulated by CySEC, provides a wide range of trading instruments such as forex, stocks, cryptocurrency, and commodities. While it offers cheap spreads and no-commission Forex trading, its FCA registration claim is marked as a questionable clone.Pros and ConsProsConsRegulated by CySECSuspicious cloned licence with FCAMultiple account typesWide spreadsWide range of tradable instrumentsNo MT5MT4 supportedHigh minimum depositLive chat supportIs ForexMart Legit? ForexMart is legally regulated in Cyprus by CySEC, but its claim to be regulated by the FCA in the UK is identified as a suspicious clone. This means that it is not fully authorized by the FCA and may be employing a false or misleading claim.Licensed EntityLicensed byLicensed InstitutionLicense TypeLicense NumberCurrent StatusInstant Trading EU LtdCyprusCyprus Securities and Exchange Commission (CySEC)Market Maker (MM)266/15RegulatedInstant Trading EU LtdUnited KingdomFinancial Conduct Authority (FCA)European Authorized Representative (EEA)728735Suspicious CloneWhat Can I Trade on ForexMart? ForexMart has a lot of different trading instruments, such as equities, spot metals, cryptocurrencies, energy, indexes, and commodities.Trading InstrumentsSupportedForex✔Stocks✔Spot metals✔Cryotocurrencies✔Energy✔Indices✔Commodities✔Bonds✘Options✘ETFs✘Account Type ForexMart has three categories of live trading accounts: Basic, Gold, and Platinum. Each one is made for a particular sort of trader, from novices to experts who trade a lot. It also lets you practice with a demo account.Account TypeMinimum DepositSpread (Fixed)CommissionMin Lot SizeExecution TypeSuitable forBasic€200from 4 pips00.01Market ExecutionBeginners, small retail tradersGold€300,000from 2 pipsAdvanced retail traders, professionalsPlatinum€1,000,000from 1.5 pipsInstitutional or high-volume tradersLeverage ForexMart provides varying leverage levels based on the product category (up to 1:30). Higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.Asset ClassMaximum LeverageForex1:30Stocks (CFD)1:5Spot Metals1:20Cryptocurrencies1:2Energy1:2Indices1:20Commodities1:10ForexMart Fees ForexMart's prices are average for the industry as a whole. For example, spreads are average for entry-level accounts and more competitive for higher-tier accounts. Trading without commissions helps keep expenses down, but swap rates (overnight fees) do apply. ForexMart Spreads The Basic Account offers the biggest spreads (e.g., ~60-200 pips on Forex) with no Forex commission, making it ideal for beginners. Active traders benefit from the Gold Account, which minimizes spreads (e.g., ~40-180 pips on Forex) and commissions (e.g., stocks ~0.70%). Platinum Account is suitable for high-volume or professional traders, as it provides the tightest spreads (e.g., ~40-180 pips on Forex) and the lowest commissions (e.g., stocks ~0.15%).Trading SymbolBasic SpreadGold SpreadPlatinum SpreadCHF/HUF60 pips40 pips40 pipsCHF/JPY100 pips80 pips70 pipsCHF/MXN200 pips180 pips180 pipsCHF/NOK110 pips90 pips90 pips Swap Rates ForexMart charges standard swap rates (long/short) on overnight positions, varying by instrument. Example swap rates (AUD/CAD on Basic account): Long: -0.53; Short: -0.12. Non-Trading FeesNon-Trading Fees AmountDeposit Fee 0Withdrawal Fee Varies by methodInactivity Fee Not mentionedTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 4✔Mac, Windows, Mobile (iOS, Android), WebBeginnersMetaTrader 5✘—Experienced tradersDeposit and Withdrawal ForexMart doesn't impose deposit fees, and in some cases, it will even pay back the price of deposits. The fees for withdrawing money depend on how you pay. The minimum deposit for a Basic Account is €200. Deposit OptionsDeposit MethodMinimum DepositDeposit FeesDeposit TimeMasterCard€2000Processed within 24 hoursBank WireWithin nearest working daySkrill (Moneybookers)Processed within 24 hoursNeteller Withdrawal Options Withdrawal MethodWithdrawal FeesWithdrawal TimeMasterCard1 EUR/USDProcessed within 24 hoursBank Wire (SEPA)≤20k EUR → 20 EUR; >20k EUR → 0.1% feeNot mentioned (likely 1–7 hours)Skrill (Moneybookers)Minimum 1%Processed within 1–7 working hoursNetellerMinimum 1 USD