ForexMart

ForexMart | 2024-10-22 16:10

Extrait：ForexMart, short for Tradomart SV Ltd., is a global web-based brokerage registered in Saint Vincent and the Grenadines. It offers online trading services across diverse asset classes including Forex, CFDs on Shares, Spot Metals, Cryptocurrencies, Energy, and Indices. However, concerns exist due to the platform operating without regulatory oversight.

ForexMart Review Summary
Founded	2015
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex, CFDs on Shares, Spot Metals, Cryptocurrencies, Energy, Indices
Demo Account	Available
Leverage	Up to 1:3000
Spread	from 0.0 pips
Trading Platform	Not mentioned
Min Deposit	$15
Customer Support	Phone: +44 2 030 976 697
	Email: info@forexmart.com
	Social media channel: Facebook, Twitter

ForexMart 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 Cons

Pros	Cons
Wide selection of investment options	Lack of regulatory oversight
Multiple account types (Classic, Pro, Cents, and Zero Spread)	Charging withdrawal fees
Acceptable Minimum Deposit Amount ($15)	Limited information on trading platform
Tight Spreads starting from 0.0 pips
Demo Account Available

Is 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 Instruments	Supported
Forex	✔
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 Type	Classic	Pro	Cents	Zero Spread
Minimum Spread	1 pips	0.6 pips	1 pips	0.0 pips
Average Spread	1.2 pips	0.8 pips	1.2 pips	0.2 pips
Commissions	No commissions	No commissions	No commissions	Commission from $6
Minimum Deposit	$15	$200	$15	$500
Minimum Lot	0.01	0.01	0.1 (cent lots)	0.01
Order Execution	Market	Market	Market	Market

Leverage

ForexMart provides varying leverage options depending on the account types:

Account Type	Max Leverage
Classic	1:3000
Pro
Cents
Zero Spread	1:200

ForexMart Fees

ForexMart offers different spreads and commission structures across its different account types.

Account Type	Min Spread	Average Spread	Commission
Classic	1 pip	1.2 pips	None
Pro	0.6 pips	0.8 pips	None
Cents	1 pip	1.2 pips	None
Zero Spread	0.0 pips	0.2 pips	From $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 Options

Deposit Options	Min. Deposit	Fees	Processing Time
Skrill	Not mentioned	No Commission	Within 24 hour
Neteller	Not mentioned	No Commission	Within 24 hour
PayCo	Not mentioned	No Commission	instant
FasaPay	Not mentioned	No Commission	instant
Bitcoin	Not mentioned	No Commission	Within 24 hour
Bitcoin Cash	Not mentioned	No Commission	Within 24 hour
Tether	Not mentioned	No Commission	Within 24 hour
Local Bank	Not mentioned	3%	Within 24 hour

Withdrawal Options

Withdrawal Options	Min. Withdrawal	Fees	Processing Time
Skrill	Not mentioned	1% system fee	1-7 working hours
Neteller	Not mentioned	2%, min $1, max $30	1-7 working hours
PayCo	Not mentioned	1%	Within 48 hours
FasaPay	Not mentioned	1%	Within 48 hours
Bitcoin	Not mentioned	Fixed fee 0.001 BCH + $2	Within 48 hours
Bitcoin Cash	Not mentioned	Fixed fee 0.001 BCH + $2	Within 48 hours
Tether	Not mentioned	1%	Within 48 hours
Local Bank	Not mentioned	3%	Within 24 hours