ForexMart
Abstract： ForexMart is an unregulated broker, offering trading on forex, CFDs on shares, spot metals, cryptocurrencies, energy and indices with leverage up to 1:3000 and spread from 1 pip for the Classic account. The minimum deposit requirement is $15.
| ForexMart Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, CFDs on shares, spot metals, cryptocurrencies, energy, indices |
| Demo Account | ✅ |
| Leverage | Up to 1:3000 |
| Spread | From 1 pip (Classic account) |
| Trading Platform | Proprietary platform |
| Copy Trading | ✅ |
| Minimum Deposit | $15 |
| Customer Support | 24/5 support |
| Tel: + 442 030 976 697 | |
| Email: info@forexmart.com, support@forexmart.com | |
| Social media: Skype, Telegram, Viber, Whatsapp | |
| Regional Restrictions | The United States of America, North Korea, Sudan and Syria |
ForexMart Information
ForexMart is an unregulated broker, offering trading on forex, CFDs on shares, spot metals, cryptocurrencies, energy and indices with leverage up to 1:3000 and spread from 1 pip for the Classic account. The minimum deposit requirement is $15.
Pros and Cons
| Pros | Cons |
| Tight spreads | No regulation |
| Demo accounts | No MT4/MT5 platform |
| Low minimum deposit requirement | Commission fees charged |
Is ForexMart Legit?
ForexMart claims to provide negative balance protection, however, it currently has no valid regulations. Please be aware of the risk!
What Can I Trade on ForexMart?
ForexMart offers trading on forex, CFDs on shares, spot metals, cryptocurrencies, energy and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs on shares | ✔ |
| Spot metals | ✔ |
| Cryptocurrencies | ✔ |
| Energy | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are four account types ForexMart offers:
| Account Type | Minimum Deposit |
| Classic | $15 |
| Pro | $200 |
| Cents | $15 |
| Zero Spread | $500 |
Leverage
| Account Type | Maximum Leverage |
| Classic | 1:3000 |
| Pro | 1:500 |
| Cents | 1:500 |
| Zero Spread | 1:200 |
It is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
ForexMart Fees
| Account Type | Spread | Commission |
| Classic | From 1 pip | 0 |
| Pro | From 0.6 pips | 0 |
| Cents | From 1 pip | 0 |
| Zero Spread | From 0 pips | From $6 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Desktop, mobile, web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
ForexMart accepts payments via Skrill, Neteller, PayCo, Bitcoin, Bitcoin Cash and Tether.
Deposit Options
| Deposit Options | Deposit Fees | Deposit Time |
| Skrill | 0 | Within 24 hours |
| Neteller | ||
| PayCo | / | Instant |
| Bitcoin | Within 24 hours | |
| Bitcoin Cash | ||
| Tether |
Withdrawal Options
| Withdrawal Options | Withdrawal Fees | Withdrawal Time |
| Skrill | System fee: 1% | Within 1-7 working hours |
| Neteller | Transaction fee: 2%, minimum fee: 1.00 USD, maximum fee: 30.00 USD | |
| PayCo | / | Within 48 hours |
| Bitcoin | Transaction fee: fixed fee 0.0002 BTC + fixed fee 2 USD | |
| Bitcoin Cash | Transaction fee: fixed fee 0.001 BCH + fixed fee 2 USD | |
| Tether | Transaction fee: 1% |
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