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ForexMart -Overview Guide of This Broker

ForexMart | 2024-12-30 15:08

Sommario：ForexMart is a professional Forex broker dedicated to providing investors with advanced trading software and a superior trading experience. ForexMart is currently regulated by the Cyprus Securities and Exchange Commission (Regulation No. 266/15), the UK Financial Conduct Authority (Regulation No. 728735), and the Virgin Islands Financial Services Commission Offshore (Regulation No. SIBA/L/14/1082).

ForexMartReview Summary
Founded2007
Registered Country/RegionSaint Vincent and the Grenadines
RegulationOffshore Regulated
Market InstrumentsForex, Spot Metals, Indices, Cryptocurrencies, Energies, CFDs on Shares
Demo Account✅
LeverageUp to 1:300
SpreadFrom 0.0 (EUR/USD)
Trading PlatformOnline Forex Trading Platform
Min Deposit$15
Customer SupportPhone: + 442 030 976 697
Email: support@forexmart.com
Social Media: Facebook, Twitter

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.

ForexMart Information

Pros and Cons

ProsCons
The number of tradable instruments is largeThe regulatory status is poor
4 kinds of accountsMT4/5 is not supported
Can be traded without commission

Is ForexMart Legit?

Regulated Country/Region
FCA
FSC
CYSEC
Regulated AuthorityFCAFSCCYSEC
Regulated EntityINSTANT TRADING EU LTDInstant Trading Ltd,Instant Trading EU Ltd
License TypeEuropean Authorized Representative (EEA)Retail Forex LicenseMarket Making(MM)
License Number728735SIBA/L/14/1082266/15
Current StatusRevokedOffshore RegulatedSuspicious Clone
Is ForexMart Legit?
Is ForexMart Legit?
Is ForexMart Legit?

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 InstrumentsSupported
Forex✔
Spot Metals✔
Indices✔
Cryptocurrencies✔
Energies✔
CFDs on Shares✔
Bonds❌
ETF❌
What Can I Trade on ForexMart?

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 Spread
Min Spread (pips)10.610
Average Spread (pips)1.20.81.20.2
CommissionsNo commissionsNo commissionsNo commissionsFrom $6
Min Deposit$15$200$15$500
Min Lot Size0.010.010.1 (cent lots)0.01
Order ExecutionMarketMarketMarketMarket
Max Leverage1:30001:30001:30001:200
Margin Call30%30%30%30%
Stop Out Level10%10%10%10%
Max Open Trades500500500500
Account Types

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.

SymbolForexMart Classic/Cent *SpreadForexMart Pro *SpreadZero Spread *Spread
EURUSD.fx1.30.70
GBPUSD.fx1.40.80.1
USDJPY.fx1.40.80.1
USDCHF.fx1.81.20.5
USDCAD.fx1.610.3
AUDUSD.fx1.30.70
NZDUSD.fx1.50.90.2
............
ForexMart Fees

CFDs on Shares basically have a spread between 0.03 and 1.0 and charge a commission of 0.10%.

TitleSymbolFixed SpreadCommission
AA 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%
............
ForexMart Fees

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 Fee
Gold vs US Dollar (100 oz)GOLD.m100 ounces340290340
Silver vs US Dollar (500 oz)SILVER.m500 ounces570520560
Gold vs US Dollar (500 oz)XAUUSD.m500 ounces340290340
XPD vs US Dollar (100 oz)XPDUSD.m100 ounces380380380
ForexMart Fees

Cryptocurrency spreads remain between 50 and 29,761, with a 0.10% fee.

TitleSymbolSpreadFee
BCHUSDBCHUSD3350.10%
#Bitcoin#Bitcoin191670.10%
#Ethereum#Ethereum13260.10%
#Litecoin#Litecoin1700.10%
#Ripple#Ripple500.10%
UniswapUniswap2580.10%
ChainlinkChainlink297610.10%
FilecoinFilecoin7600.10%
............
ForexMart Fees

The energy spread is between 24 and 63.

TitleSymbolGroupForexMart Classic Average SpreadForexMart Pro Average SpreadForexMart Cent Average Spread
Natural GasNG.zEnergy342434
Crude OilCL.zEnergy634663
Brent Crude OilBRENT.zEnergy453545
ForexMart Fees

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 Fee
Standard & Poor's 500 IndexSPX50011006001100
Deutsche Boerse AG German Stock IndexDAX40170017001700
Financial Times Stock Exchange 100 IndexUK100200015002000
Japan 225 IndexJP225185001800018500
The Dow Jones Industrial AverageDJ30400027304000
Nasdaq 100 IndexNASDAQ100180013001800
........................
ForexMart Fees

Trading Platform

ForexMart provides an online forex trading platform for traders to use.

Trading PlatformSupportedAvailable DevicesSuitable for
Online Forex Trading Platform✔DesktopAll traders
MT4❌
MT5❌
Trading Platform

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 Time
SkrillNo fees24 hours
NETELLERNo fees24 hours
PayCo-Instant
Fasapay-Instant
Bitcoin-24 hours
Bitcoin Cash-24 hours
Tether-24 hours
Local Bank-24 hours
MethodFeesProcessing Time
SkrillSystem fee: 1%1-7 working days
NETELLERTransaction fee - 2%, min fee: 1.00 USD, max fee: 30.00 USD1-7 working days
PayCo-48 hours
Fasapay-48 hours
BitcoinTransaction fee - fixed fee 0.0002 BTC + fixed fee 2 USD48 hours
Bitcoin CashTransaction fee - fixed fee 0.001 BCH + fixed fee 2 USD48 hours
TetherTransaction fee - 1%48 hours
Local BankTransaction fee - 3%24 hours
Deposit and Withdrawal
Deposit and Withdrawal

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