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ForexMart foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.forexmart.com/register, about the company's legal and temporary regulatory information, the company's address Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines.

ForexMart Forex Broker

Basic information

Registered region
Saint Vincent and the Grenadines
Operating period
--
Company Name
Tradomart SV Ltd
Abbreviation
ForexMart
Company employee
--
Customer Service Email Address
support@forexmart.com
Contact number
+442030976697
Company address
Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
United Kingdom European Authorized Representative (EEA) Revoked
High potential risk

Company profile

ForexMartReview SummaryFounded2007Registered Country/RegionSaint Vincent and the GrenadinesRegulationOffshore RegulatedMarket InstrumentsForex, Spot Metals, Indices, Cryptocurrencies, Energies, CFDs on SharesDemo AccountLeverageUp to 1:300SpreadFrom 0.0 (EUR/USD)Trading PlatformOnline Forex Trading PlatformMin Deposit$15Customer SupportPhone: + 442 030 976 697Email: support@forexmart.comSocial Media: Facebook, Twitter

ForexMart Information

  ForexMart is a broker incorporated in Saint Vincent and the Grenadines in 2007. The trading instruments it provides are mainly Forex, Spot Metals, Indices, Cryptocurrencies, Energies, CFDs on Shares. In addition, there are 4 account types to choose from. However, the current regulatory status of the brokerage is relatively poor, holding 3 licenses: FCA revoked the license, CYSEC determined the regulatory status as suspected cloning, and FSC determined it was subject to offshore regulation.

Pros and Cons

ProsCons
The number of tradable instruments is largeThe regulatory status is poor
4 kinds of accountsMT4/5 is not supported
Can be traded without commission

Is ForexMart Legit?

Regulated Country/Region
Regulated AuthorityFCAFSCCYSEC
Regulated EntityINSTANT TRADING EU LTDInstant Trading Ltd,Instant Trading EU Ltd
License TypeEuropean Authorized Representative (EEA)Retail Forex LicenseMarket Making(MM)
License Number728735SIBA/L/14/1082266/15
Current StatusRevokedOffshore RegulatedSuspicious Clone

What Can I Trade on ForexMart?

  ForexMart offers 60+ forex pairs, 200+ CFDs on shares, 4 spot metals, 19 cryptocurrencies, 3 energies, 13 indices.

Tradable InstrumentsSupported
Forex
Spot Metals
Indices
Cryptocurrencies
Energies
CFDs on Shares
Bonds
ETF

Account Types

  The 4 types of ForexMart accounts are Classic, Pro, Cents, Zero and Spread. Their minimum deposit ranges from $15 to $500. Among them, the maximum leverage is 1:300.

Account TypesClassicProCentsZero Spread
Min Spread (pips)10.610
Average Spread (pips)1.20.81.20.2
CommissionsNo commissionsNo commissionsNo commissionsFrom $6
Min Deposit$15$200$15$500
Min Lot Size0.010.010.1 (cent lots)0.01
Order ExecutionMarketMarketMarketMarket
Max Leverage1:30001:30001:30001:200
Margin Call30%30%30%30%
Stop Out Level10%10%10%10%
Max Open Trades500500500500

ForexMart Fees

  The minimum spread for the four accounts ranged from 0 pips to 1 pips, and the average spread ranged from 0.2 pips to 1.2 pips. In addition, only Zero Account receives commission from $6, and the remaining accounts have no commission.

  The spread of EUR/USD in the forex pair is found to be the lowest 0.0 after comparing four kinds of accounts.

SymbolForexMart Classic/Cent *SpreadForexMart Pro *SpreadZero Spread *Spread
EURUSD.fx1.30.70
GBPUSD.fx1.40.80.1
USDJPY.fx1.40.80.1
USDCHF.fx1.81.20.5
USDCAD.fx1.610.3
AUDUSD.fx1.30.70
NZDUSD.fx1.50.90.2
............

  CFDs on Shares basically have a spread between 0.03 and 1.0 and charge a commission of 0.10%.

TitleSymbolFixed SpreadCommission
AA Alcoa, Inc.#AA0.030.10%
AAL ANGLO AMERICAN PLC#AAL10.10%
AAL American Airlines Group Inc.#AAL10.10%
AAPL Apple Inc.#AAPL0.1520.10%
AIG American International Group, Inc.#AIG0.030.10%
AMZN Amazon.com Inc.#AMZN0.120.10%
AXP American Express#AXP0.030.10%
............

  Spot Metals maintains a spread between 34 and 57 with no fees.

TitleSymbolLotForexMart Classic/Cent Average spreadForexMart Classic/Cent FeeForexMart Pro Average spreadForexMart Pro FeeForexMart Zero Spread Average spreadForexMart Zero Spread Fee
Gold vs US Dollar (100 oz)GOLD.m100 ounces340290340
Silver vs US Dollar (500 oz)SILVER.m500 ounces570520560
Gold vs US Dollar (500 oz)XAUUSD.m500 ounces340290340
XPD vs US Dollar (100 oz)XPDUSD.m100 ounces380380380

  Cryptocurrency spreads remain between 50 and 29,761, with a 0.10% fee.

TitleSymbolSpreadFee
BCHUSDBCHUSD3350.10%
#Bitcoin#Bitcoin191670.10%
#Ethereum#Ethereum13260.10%
#Litecoin#Litecoin1700.10%
#Ripple#Ripple500.10%
UniswapUniswap2580.10%
ChainlinkChainlink297610.10%
FilecoinFilecoin7600.10%
............

  The energy spread is between 24 and 63.

TitleSymbolGroupForexMart Classic Average SpreadForexMart Pro Average SpreadForexMart Cent Average Spread
Natural GasNG.zEnergy342434
Crude OilCL.zEnergy634663
Brent Crude OilBRENT.zEnergy453545

  Index spreads range from 60 to 1850 with no fees.

TitleIndexForexMart Classic Average spreadForexMart Classic FeeForexMart Pro Average spreadForexMart Pro FeeForexMart Cent Average spreadForexMart Cent Fee
Standard & Poor's 500 IndexSPX50011006001100
Deutsche Boerse AG German Stock IndexDAX40170017001700
Financial Times Stock Exchange 100 IndexUK100200015002000
Japan 225 IndexJP225185001800018500
The Dow Jones Industrial AverageDJ30400027304000
Nasdaq 100 IndexNASDAQ100180013001800
........................

Trading Platform

  ForexMart provides an online forex trading platform for traders to use.

Trading PlatformSupportedAvailable DevicesSuitable for
Online Forex Trading PlatformDesktopAll traders
MT4
MT5

Deposit and Withdrawal

  There are 8 deposit methods at ForexMart: Skrill, NETELLER, PayCo, Fasapay, Bitcoin, Bitcoin Cash, Tether, and Local Bank. Most methods take less than 24 hours to process.

  The same 8 withdrawal methods, but will charge a certain fee.

MethodFeesProcessing Time
SkrillNo fees24 hours
NETELLERNo fees24 hours
PayCo-Instant
Fasapay-Instant
Bitcoin-24 hours
Bitcoin Cash-24 hours
Tether-24 hours
Local Bank-24 hours
MethodFeesProcessing Time
SkrillSystem fee: 1%1-7 working days
NETELLERTransaction fee - 2%, min fee: 1.00 USD, max fee: 30.00 USD1-7 working days
PayCo-48 hours
Fasapay-48 hours
BitcoinTransaction fee - fixed fee 0.0002 BTC + fixed fee 2 USD48 hours
Bitcoin CashTransaction fee - fixed fee 0.001 BCH + fixed fee 2 USD48 hours
TetherTransaction fee - 1%48 hours
Local BankTransaction fee - 3%24 hours

  

Rating Index

Cents

Minimum Deposit
$15

Pro

Minimum Deposit
$200

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Latest Reviews

张宴鑫

张宴鑫

United Kingdom

One of the best trading companies ever! Safe fast and secure ... I had a great time with them. I highly recommend it, thank you! I have a good experience!

Positive

2023-02-21

Claire18709

Claire18709

Peru

I just deposited some funds and I haven't opened any position, and just at that moment I saw that in wikifx many users here declare that it is a fraud platform! So I decided to withdraw my funds, but the forexmart people stated that because I haven't made any trades, they charge me a non-trading fee for my withdrawals... I know some brokers require it, but I really DON'T LIKE such a fee. .

Neutral

2022-11-18

Anzo招代理+Anzotrade

Anzo招代理+Anzotrade

Hong Kong

The withdrawal that I applied for has not arrived for a long time. I ask the customer service and they say that it is under processing. On March 25th, it was said that the BCH could not be paid due to technical reasons. The application for withdrawal was rejected. The funds were returned to the MT4 account, and I was asked to withdraw with BTC. 3% handling fee (the fee displayed on their official website for BTC withdrawal is 0.0002 bitcoin + 2 USD handling fee) I recognize this, and I have deducted 3% of the withdrawal fee. It’s useless and I’ve been dragging and perfunctory customers. I can only expose it here. I opened an account and made a transaction when you saw that the information on this platform is regulated. I hope your Wiki platform can help customers to withdraw money, thank you. .

Exposure

2022-03-28

ForexMart Forex Broker has an overall rating of 1.58, Regulatory Index 0.00, License Index 0.00, Business Index 7.57, Software Index 4.00 Risk Control Index 0.00.