ForexMart Forex Broker

ForexMart Review SummaryFounded2015Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex, CFDs on Shares, Spot Metals, Cryptocurrencies, Energy, IndicesDemo AccountAvailableLeverageUp to 1:3000Spreadfrom 0.0 pipsTrading PlatformNot mentionedMin Deposit$15Customer SupportPhone: +44 2 030 976 697Email: info@forexmart.comSocial media channel: Facebook, TwitterForexMart Information Established in 2015, ForexMart is an unregulated brokerage company registered in Saint Vincent and the Grenadines. This firm provides a swath oftradable instruments. ForexMart gives four live trading accounts and one demo account.Pros and ConsProsConsWide selection of investment optionsLack of regulatory oversightMultiple account types (Classic, Pro, Cents, and Zero Spread)Charging withdrawal feesAcceptable Minimum Deposit Amount ($15)Limited information on trading platformTight Spreads starting from 0.0 pipsDemo Account AvailableIs ForexMart legit? ForexMart operates without regulation from any recognized financial authority.What Can I Trade on ForexMart? With ForexMart, you can make a diversified portfolio in 5 asset classes, including Forex, CFDs on Shares, Spot Metals, Cryptocurrencies, Energy, and Indices. ForexMart provides more than 100 market instruments. This firm provides trading in precious metals like gold and silver, as well as energy commodities such as oil and natural gas. You can also invest in popular global indices like the S&P 500 and FTSE 100 and cryptocurrencies such as Bitcoin and Ethereum.Tradable InstrumentsSupportedForex✔Metals✔Shares✔Indices✔Energies✔Cryptocurrencies✔Bonds❌Options❌Mutual Funds❌ETFs❌Account Types ForexMart offers four live trading account types, including Classic, Pro, Cents, and Zero Spread. The bright side of this approach is that you can pay less in fees the more you invest. If you invest at least $200, you will get spreads from 0.6 pips and commission-free forex trading. The minimum deposit of Classic and Cents accounts is both as low as $15. A demo account is also available here.Account TypeClassicProCentsZero SpreadMinimum Spread1 pips0.6 pips1 pips0.0 pipsAverage Spread1.2 pips0.8 pips1.2 pips0.2 pipsCommissionsNo commissionsNo commissionsNo commissionsCommission from $6Minimum Deposit$15$200$15$500Minimum Lot0.010.010.1 (cent lots)0.01Order ExecutionMarketMarketMarketMarketLeverage ForexMart provides varying leverage options depending on the account types:Account TypeMax LeverageClassic1:3000ProCentsZero Spread1:200ForexMart Fees ForexMart offers different spreads and commission structures across its different account types.Account TypeMin SpreadAverage SpreadCommissionClassic1 pip1.2 pipsNonePro0.6 pips0.8 pipsNoneCents1 pip1.2 pipsNoneZero Spread0.0 pips0.2 pipsFrom $6 For traders seeking the lowest spreads available, the Zero Spread account offers spreads starting from 0.0 pips, but it does charge a commission of $6 per trade.Deposit & Withdrawal ForexMart offers multiple deposit and withdrawal methods. You can fund your account through Skrill, Neteller, Payco, FasaPay, Bitcoin, and Tether with no commission. Most deposit methods require 24 hours to process. ForexMart charges withdrawal fees on all transaction methods. You need to pay 1% with Skrill, Payco, FasaPay and Tether. The fees of Bitcoin and Bitcoin Cash are both a fixed fee of 0.001 BCH plus $2. Deposit OptionsDeposit OptionsMin. DepositFeesProcessing TimeSkrillNot mentionedNo CommissionWithin 24 hourNetellerNot mentionedNo CommissionWithin 24 hourPayCoNot mentionedNo CommissioninstantFasaPayNot mentionedNo CommissioninstantBitcoinNot mentionedNo CommissionWithin 24 hourBitcoin CashNot mentionedNo CommissionWithin 24 hourTetherNot mentionedNo CommissionWithin 24 hourLocal BankNot mentioned3%Within 24 hour Withdrawal OptionsWithdrawal OptionsMin. WithdrawalFeesProcessing TimeSkrillNot mentioned1% system fee1-7 working hoursNetellerNot mentioned2%, min $1, max $301-7 working hoursPayCoNot mentioned1%Within 48 hoursFasaPayNot mentioned1%Within 48 hoursBitcoinNot mentionedFixed fee 0.001 BCH + $2Within 48 hoursBitcoin CashNot mentionedFixed fee 0.001 BCH + $2Within 48 hoursTetherNot mentioned1%Within 48 hoursLocal BankNot mentioned3%Within 24 hours