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
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License Suspicious Scope of Business United Kingdom European Authorized Representative (EEA) Revoked High potential riskCompany profile
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
| Pros | Cons |
| The number of tradable instruments is large | The regulatory status is poor |
| 4 kinds of accounts | MT4/5 is not supported |
| Can be traded without commission |
Is ForexMart Legit?
| Regulated Country/Region | |||
| Regulated Authority | FCA | FSC | CYSEC |
| Regulated Entity | INSTANT TRADING EU LTD | Instant Trading Ltd, | Instant Trading EU Ltd |
| License Type | European Authorized Representative (EEA) | Retail Forex License | Market Making(MM) |
| License Number | 728735 | SIBA/L/14/1082 | 266/15 |
| Current Status | Revoked | Offshore Regulated | Suspicious 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 Instruments | Supported |
| 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 Types | Classic | Pro | Cents | Zero Spread |
| Min Spread (pips) | 1 | 0.6 | 1 | 0 |
| Average Spread (pips) | 1.2 | 0.8 | 1.2 | 0.2 |
| Commissions | No commissions | No commissions | No commissions | From $6 |
| Min Deposit | $15 | $200 | $15 | $500 |
| Min Lot Size | 0.01 | 0.01 | 0.1 (cent lots) | 0.01 |
| Order Execution | Market | Market | Market | Market |
| Max Leverage | 1:3000 | 1:3000 | 1:3000 | 1:200 |
| Margin Call | 30% | 30% | 30% | 30% |
| Stop Out Level | 10% | 10% | 10% | 10% |
| Max Open Trades | 500 | 500 | 500 | 500 |
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.
| Symbol | ForexMart Classic/Cent *Spread | ForexMart Pro *Spread | Zero Spread *Spread |
| EURUSD.fx | 1.3 | 0.7 | 0 |
| GBPUSD.fx | 1.4 | 0.8 | 0.1 |
| USDJPY.fx | 1.4 | 0.8 | 0.1 |
| USDCHF.fx | 1.8 | 1.2 | 0.5 |
| USDCAD.fx | 1.6 | 1 | 0.3 |
| AUDUSD.fx | 1.3 | 0.7 | 0 |
| NZDUSD.fx | 1.5 | 0.9 | 0.2 |
| ... | ... | ... | ... |
CFDs on Shares basically have a spread between 0.03 and 1.0 and charge a commission of 0.10%.
| Title | Symbol | Fixed Spread | Commission |
| AA Alcoa, Inc. | #AA | 0.03 | 0.10% |
| AAL ANGLO AMERICAN PLC | #AAL | 1 | 0.10% |
| AAL American Airlines Group Inc. | #AAL | 1 | 0.10% |
| AAPL Apple Inc. | #AAPL | 0.152 | 0.10% |
| AIG American International Group, Inc. | #AIG | 0.03 | 0.10% |
| AMZN Amazon.com Inc. | #AMZN | 0.12 | 0.10% |
| AXP American Express | #AXP | 0.03 | 0.10% |
| ... | ... | ... | ... |
Spot Metals maintains a spread between 34 and 57 with no fees.
| Title | Symbol | Lot | ForexMart Classic/Cent Average spread | ForexMart Classic/Cent Fee | ForexMart Pro Average spread | ForexMart Pro Fee | ForexMart Zero Spread Average spread | ForexMart Zero Spread Fee |
| Gold vs US Dollar (100 oz) | GOLD.m | 100 ounces | 34 | 0 | 29 | 0 | 34 | 0 |
| Silver vs US Dollar (500 oz) | SILVER.m | 500 ounces | 57 | 0 | 52 | 0 | 56 | 0 |
| Gold vs US Dollar (500 oz) | XAUUSD.m | 500 ounces | 34 | 0 | 29 | 0 | 34 | 0 |
| XPD vs US Dollar (100 oz) | XPDUSD.m | 100 ounces | 38 | 0 | 38 | 0 | 38 | 0 |
Cryptocurrency spreads remain between 50 and 29,761, with a 0.10% fee.
| Title | Symbol | Spread | Fee |
| BCHUSD | BCHUSD | 335 | 0.10% |
| #Bitcoin | #Bitcoin | 19167 | 0.10% |
| #Ethereum | #Ethereum | 1326 | 0.10% |
| #Litecoin | #Litecoin | 170 | 0.10% |
| #Ripple | #Ripple | 50 | 0.10% |
| Uniswap | Uniswap | 258 | 0.10% |
| Chainlink | Chainlink | 29761 | 0.10% |
| Filecoin | Filecoin | 760 | 0.10% |
| ... | ... | ... | ... |
The energy spread is between 24 and 63.
| Title | Symbol | Group | ForexMart Classic Average Spread | ForexMart Pro Average Spread | ForexMart Cent Average Spread |
| Natural Gas | NG.z | Energy | 34 | 24 | 34 |
| Crude Oil | CL.z | Energy | 63 | 46 | 63 |
| Brent Crude Oil | BRENT.z | Energy | 45 | 35 | 45 |
Index spreads range from 60 to 1850 with no fees.
| Title | Index | ForexMart Classic Average spread | ForexMart Classic Fee | ForexMart Pro Average spread | ForexMart Pro Fee | ForexMart Cent Average spread | ForexMart Cent Fee |
| Standard & Poor's 500 Index | SPX500 | 110 | 0 | 60 | 0 | 110 | 0 |
| Deutsche Boerse AG German Stock Index | DAX40 | 170 | 0 | 170 | 0 | 170 | 0 |
| Financial Times Stock Exchange 100 Index | UK100 | 200 | 0 | 150 | 0 | 200 | 0 |
| Japan 225 Index | JP225 | 1850 | 0 | 1800 | 0 | 1850 | 0 |
| The Dow Jones Industrial Average | DJ30 | 400 | 0 | 273 | 0 | 400 | 0 |
| Nasdaq 100 Index | NASDAQ100 | 180 | 0 | 130 | 0 | 180 | 0 |
| ... | ... | ... | ... | ... | ... | ... | ... |
Trading Platform
ForexMart provides an online forex trading platform for traders to use.
| Trading Platform | Supported | Available Devices | Suitable for |
| Online Forex Trading Platform | ✔ | Desktop | All 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.
| Method | Fees | Processing Time |
| Skrill | No fees | 24 hours |
| NETELLER | No fees | 24 hours |
| PayCo | - | Instant |
| Fasapay | - | Instant |
| Bitcoin | - | 24 hours |
| Bitcoin Cash | - | 24 hours |
| Tether | - | 24 hours |
| Local Bank | - | 24 hours |
| Method | Fees | Processing Time |
| Skrill | System fee: 1% | 1-7 working days |
| NETELLER | Transaction fee - 2%, min fee: 1.00 USD, max fee: 30.00 USD | 1-7 working days |
| PayCo | - | 48 hours |
| Fasapay | - | 48 hours |
| Bitcoin | Transaction fee - fixed fee 0.0002 BTC + fixed fee 2 USD | 48 hours |
| Bitcoin Cash | Transaction fee - fixed fee 0.001 BCH + fixed fee 2 USD | 48 hours |
| Tether | Transaction fee - 1% | 48 hours |
| Local Bank | Transaction fee - 3% | 24 hours |
Rating Index
Cents
Pro
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Latest Reviews
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
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
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