ForexMartReview SummaryFounded2007Registered Country/RegionSaint Vincent and the GrenadinesRegulationOffshore RegulatedMarket InstrumentsForex, Spot Metals, Indices, Cryptocurrencies, Energies, CFDs on SharesDemo Account✅LeverageUp to 1:300SpreadFrom 0.0 (EUR/USD)Trading PlatformOnline Forex Trading PlatformMin Deposit$15Customer SupportPhone: + 442 030 976 697Email: support@forexmart.comSocial Media: Facebook, TwitterForexMart 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 ConsProsConsThe number of tradable instruments is largeThe regulatory status is poor4 kinds of accountsMT4/5 is not supportedCan be traded without commissionIs ForexMart Legit?Regulated Country/RegionRegulated AuthorityFCAFSCCYSECRegulated EntityINSTANT TRADING EU LTDInstant Trading Ltd,Instant Trading EU LtdLicense TypeEuropean Authorized Representative (EEA)Retail Forex LicenseMarket Making(MM)License Number728735SIBA/L/14/1082266/15Current StatusRevokedOffshore RegulatedSuspicious CloneWhat Can I Trade on ForexMart? ForexMart offers 60+ forex pairs, 200+ CFDs on shares, 4 spot metals, 19 cryptocurrencies, 3 energies, 13 indices.Tradable InstrumentsSupportedForex✔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 SpreadMin Spread (pips)10.610Average Spread (pips)1.20.81.20.2CommissionsNo commissionsNo commissionsNo commissionsFrom $6Min Deposit$15$200$15$500Min Lot Size0.010.010.1 (cent lots)0.01Order ExecutionMarketMarketMarketMarketMax Leverage1:30001:30001:30001:200Margin Call30%30%30%30%Stop Out Level10%10%10%10%Max Open Trades500500500500ForexMart 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 *SpreadEURUSD.fx1.30.70GBPUSD.fx1.40.80.1USDJPY.fx1.40.80.1USDCHF.fx1.81.20.5USDCAD.fx1.610.3AUDUSD.fx1.30.70NZDUSD.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 SpreadCommissionAA 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 FeeGold vs US Dollar (100 oz)GOLD.m100 ounces340290340Silver vs US Dollar (500 oz)SILVER.m500 ounces570520560Gold vs US Dollar (500 oz)XAUUSD.m500 ounces340290340XPD vs US Dollar (100 oz)XPDUSD.m100 ounces380380380 Cryptocurrency spreads remain between 50 and 29,761, with a 0.10% fee.TitleSymbolSpreadFeeBCHUSDBCHUSD3350.10%#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 SpreadNatural GasNG.zEnergy342434Crude OilCL.zEnergy634663Brent 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 FeeStandard & Poor's 500 IndexSPX50011006001100Deutsche Boerse AG German Stock IndexDAX40170017001700Financial Times Stock Exchange 100 IndexUK100200015002000Japan 225 IndexJP225185001800018500The Dow Jones Industrial AverageDJ30400027304000Nasdaq 100 IndexNASDAQ100180013001800........................Trading Platform ForexMart provides an online forex trading platform for traders to use.Trading PlatformSupportedAvailable DevicesSuitable forOnline Forex Trading Platform✔DesktopAll tradersMT4❌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 TimeSkrillNo fees24 hoursNETELLERNo fees24 hoursPayCo-InstantFasapay-InstantBitcoin-24 hoursBitcoin Cash-24 hoursTether-24 hoursLocal Bank-24 hoursMethodFeesProcessing TimeSkrillSystem fee: 1%1-7 working daysNETELLERTransaction fee - 2%, min fee: 1.00 USD, max fee: 30.00 USD1-7 working daysPayCo-48 hoursFasapay-48 hoursBitcoinTransaction fee - fixed fee 0.0002 BTC + fixed fee 2 USD48 hoursBitcoin CashTransaction fee - fixed fee 0.001 BCH + fixed fee 2 USD48 hoursTetherTransaction fee - 1%48 hoursLocal BankTransaction fee - 3%24 hours