ForexMart Forex Broker

Forexmart Broker - Complete Information Guide

1. Overview of the Broker

　　Forexmart is a global online trading platform established in 2015 by Instant Trading EU Ltd, which operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC). The company is headquartered in Limassol, Cyprus, and has a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines. Forexmart is a private entity that primarily serves retail clients seeking to trade in various financial instruments.

　　Since its inception, Forexmart has aimed to provide a user-friendly trading experience, attracting a diverse clientele from various regions, including Asia, Europe, and Africa. The broker has made significant strides in the financial market, receiving accolades such as "Best New Broker in Europe 2016" and "Most Promising Broker in Asia" from international finance publications. Forexmart operates under a multi-asset brokerage model, offering services in retail forex trading, CFDs (Contracts for Difference), and cryptocurrency trading.

　　As a Forexmart broker, the firm focuses on delivering competitive trading conditions, fast execution times, and a variety of trading tools to enhance the trading experience for both novice and experienced traders.

2. Regulation and Compliance Information

　　Forexmart is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding the license number 266/15. The regulation ensures that Forexmart adheres to strict financial guidelines, providing a level of security for clients' funds. The broker is also a member of the European Securities and Markets Authority (ESMA), which further enhances its credibility within the EU market.

　　In addition to its CySEC regulation, Forexmart operates offshore under the Financial Services Commission (FSC) in Saint Vincent and the Grenadines. However, it is essential to note that the regulatory oversight in offshore jurisdictions may not provide the same level of investor protection as CySEC.

　　Forexmart implements a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policy, ensuring that all clients are verified before they can trade. This compliance helps protect both the broker and its clients from potential fraudulent activities. Client funds are held in segregated accounts, ensuring that traders' money is kept separate from the company's operational funds. Forexmart also participates in the Investor Compensation Fund, which compensates eligible clients in the event of the broker's insolvency.

3. Trading Products and Services

　　Forexmart offers a diverse range of trading products, making it a versatile platform for various trading strategies. The broker provides access to over 100 currency pairs, including major, minor, and exotic forex pairs. The primary currency pairs available for trading include EUR/USD, GBP/USD, and USD/JPY.

　　In addition to forex trading, Forexmart offers CFDs on various asset classes, including indices, commodities, stocks, and cryptocurrencies. Traders can engage in CFD trading across 256 stock CFDs, 13 indices, 2 spot metals (gold and silver), and 19 cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

　　Forexmart continuously updates its product offerings, ensuring that traders have access to the latest market instruments. The broker caters to retail clients with a focus on providing favorable trading conditions, while institutional services are available for larger clients.

4. Trading Platform and Technology

　　Forexmart primarily utilizes the MetaTrader 4 (MT4) trading platform, renowned for its user-friendly interface and advanced trading capabilities. The MT4 platform allows traders to analyze market trends, execute trades, and manage multiple accounts seamlessly. It supports various trading strategies, including automated trading through Expert Advisors (EAs).

　　In addition to the desktop version, Forexmart offers a web-based trading platform and mobile applications compatible with both iOS and Android devices. This flexibility allows traders to access their accounts and execute trades from anywhere at any time.

　　The broker operates on a Market Maker execution model, providing quick order execution and access to competitive spreads. Forexmart's servers are strategically located to ensure optimal trading conditions and minimize latency. The broker also supports API integration for automated trading solutions, catering to tech-savvy traders seeking advanced trading strategies.

5. Account Types and Trading Conditions

　　Forexmart offers several account types to accommodate different trading preferences and strategies. The available accounts include:

• Classic Account: Requires a minimum deposit of $15, with average spreads around 1.2 pips and no commissions.
• Pro Account: Designed for more experienced traders, this account requires a minimum deposit of $200 and offers tighter spreads starting from 0.6 pips, with no commissions.
• Cent Account: Ideal for beginners, this account type also requires a minimum deposit of $15, with spreads of 1.2 pips and no commissions.
• Zero Spread Account: This account type requires a minimum deposit of $500 and features zero spreads but incurs a commission of $6 per lot.

　　Forexmart provides a demo account for traders to practice without risk. The broker offers leverage up to 1:500, depending on the account type and asset class. The minimum trade size is 0.01 lots, and overnight fees are applicable based on the account type and market conditions.

6. Fund Management

　　Forexmart supports various deposit and withdrawal methods, making it convenient for clients to manage their funds. The available deposit methods include:

• Bank Transfer
• Credit/Debit Cards (Visa, Mastercard)
• E-wallets (Skrill, Neteller, Payco, FasaPay)
• Cryptocurrency (Bitcoin, Bitcoin Cash, Tether)

　　The minimum deposit requirement is $1 for most account types, while the processing time for deposits is typically within 24 hours. Forexmart does not charge deposit fees, although some payment providers may impose their own fees.

　　For withdrawals, Forexmart offers multiple options, including bank transfers and e-wallets. Withdrawal processing times vary depending on the method used, generally taking between 1 to 5 business days. While Forexmart does not charge withdrawal fees, some methods may incur fees ranging from 1% to 3%, depending on the payment provider.

7. Customer Support and Educational Resources

　　Forexmart provides a robust customer support system available through various channels, including:

• Email Support: Clients can reach out via email for assistance.
• Live Chat: Available on the website for instant communication.
• Phone Support: Clients can call Forexmart for queries.
• Social Media: Support is also accessible through platforms like WhatsApp, Telegram, and Skype.

　　The customer support team operates 24 hours a day, five days a week, providing assistance in multiple languages, including English, Russian, and Arabic.

　　In terms of educational resources, Forexmart offers a range of materials, including e-books, market analysis, trading signals, and an economic calendar. These resources aim to enhance traders' knowledge and improve their trading strategies.

8. Regional Coverage and Restrictions

　　Forexmart operates globally, catering to traders in over 194 countries. Major markets include Malaysia, Bangladesh, Indonesia, and several European nations. However, Forexmart does not accept clients from certain regions, including the United States, North Korea, Sudan, and Syria.

　　The broker's services are tailored to accommodate the needs of traders in different regions, but clients should be aware of any specific restrictions or regulatory requirements that may apply based on their location.

　　In conclusion, Forexmart is a regulated broker that offers a wide range of trading products and services, making it suitable for both novice and experienced traders. With competitive trading conditions, a user-friendly platform, and a commitment to client education, Forexmart aims to provide a comprehensive trading experience for its users.