ForexMart -Some Important Point about This Broker
Абстракт： ForexMart, which was founded in 2015 and is regulated by CySEC, provides a wide range of trading instruments such as forex, stocks, cryptocurrency, and commodities. While it offers cheap spreads and no-commission Forex trading, its FCA registration claim is marked as a questionable clone.
| ForexMart Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC; FCA(Suspicious Clone) |
| Market Instruments | Forex, stocks, spot metals, cryptocurrencies, energy, indices, commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:30 |
| Spread | From 4 pips (Basic account) |
| Trading Platform | MetaTrader 4 |
| Minimum Deposit | €200 |
| Customer Support | Live chat |
| Phone: +357 250 57 236 | |
| Email: support@forexmart.eu | |
ForexMart Information
ForexMart, which was founded in 2015 and is regulated by CySEC, provides a wide range of trading instruments such as forex, stocks, cryptocurrency, and commodities. While it offers cheap spreads and no-commission Forex trading, its FCA registration claim is marked as a questionable clone.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Suspicious cloned licence with FCA |
| Multiple account types | Wide spreads |
| Wide range of tradable instruments | No MT5 |
| MT4 supported | High minimum deposit |
| Live chat support |
Is ForexMart Legit?
ForexMart is legally regulated in Cyprus by CySEC, but its claim to be regulated by the FCA in the UK is identified as a suspicious clone. This means that it is not fully authorized by the FCA and may be employing a false or misleading claim.
| Licensed Entity | Licensed by | Licensed Institution | License Type | License Number | Current Status |
| Instant Trading EU Ltd | Cyprus | Cyprus Securities and Exchange Commission (CySEC) | Market Maker (MM) | 266/15 | Regulated |
| Instant Trading EU Ltd | United Kingdom | Financial Conduct Authority (FCA) | European Authorized Representative (EEA) | 728735 | Suspicious Clone |
What Can I Trade on ForexMart?
ForexMart has a lot of different trading instruments, such as equities, spot metals, cryptocurrencies, energy, indexes, and commodities.
| Trading Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Spot metals | ✔ |
| Cryotocurrencies | ✔ |
| Energy | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Bonds | ✘ |
| Options | ✘ |
| ETFs | ✘ |
Account Type
ForexMart has three categories of live trading accounts: Basic, Gold, and Platinum. Each one is made for a particular sort of trader, from novices to experts who trade a lot. It also lets you practice with a demo account.
| Account Type | Minimum Deposit | Spread (Fixed) | Commission | Min Lot Size | Execution Type | Suitable for |
| Basic | €200 | from 4 pips | 0 | 0.01 | Market Execution | Beginners, small retail traders |
| Gold | €300,000 | from 2 pips | Advanced retail traders, professionals | |||
| Platinum | €1,000,000 | from 1.5 pips | Institutional or high-volume traders |
Leverage
ForexMart provides varying leverage levels based on the product category (up to 1:30). Higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.
| Asset Class | Maximum Leverage |
| Forex | 1:30 |
| Stocks (CFD) | 1:5 |
| Spot Metals | 1:20 |
| Cryptocurrencies | 1:2 |
| Energy | 1:2 |
| Indices | 1:20 |
| Commodities | 1:10 |
ForexMart Fees
ForexMart's prices are average for the industry as a whole. For example, spreads are average for entry-level accounts and more competitive for higher-tier accounts. Trading without commissions helps keep expenses down, but swap rates (overnight fees) do apply.
ForexMart Spreads
The Basic Account offers the biggest spreads (e.g., ~60-200 pips on Forex) with no Forex commission, making it ideal for beginners. Active traders benefit from the Gold Account, which minimizes spreads (e.g., ~40-180 pips on Forex) and commissions (e.g., stocks ~0.70%). Platinum Account is suitable for high-volume or professional traders, as it provides the tightest spreads (e.g., ~40-180 pips on Forex) and the lowest commissions (e.g., stocks ~0.15%).
| Trading Symbol | Basic Spread | Gold Spread | Platinum Spread |
| CHF/HUF | 60 pips | 40 pips | 40 pips |
| CHF/JPY | 100 pips | 80 pips | 70 pips |
| CHF/MXN | 200 pips | 180 pips | 180 pips |
| CHF/NOK | 110 pips | 90 pips | 90 pips |
Swap Rates
ForexMart charges standard swap rates (long/short) on overnight positions, varying by instrument. Example swap rates (AUD/CAD on Basic account): Long: -0.53; Short: -0.12.
Non-Trading Fees
| Non-Trading Fees | Amount |
| Deposit Fee | 0 |
| Withdrawal Fee | Varies by method |
| Inactivity Fee | Not mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Mac, Windows, Mobile (iOS, Android), Web | Beginners |
| MetaTrader 5 | ✘ | — | Experienced traders |
Deposit and Withdrawal
ForexMart doesn't impose deposit fees, and in some cases, it will even pay back the price of deposits. The fees for withdrawing money depend on how you pay. The minimum deposit for a Basic Account is €200.
Deposit Options
| Deposit Method | Minimum Deposit | Deposit Fees | Deposit Time |
| MasterCard | €200 | 0 | Processed within 24 hours |
| Bank Wire | Within nearest working day | ||
| Skrill (Moneybookers) | Processed within 24 hours | ||
| Neteller |
Withdrawal Options
| Withdrawal Method | Withdrawal Fees | Withdrawal Time |
| MasterCard | 1 EUR/USD | Processed within 24 hours |
| Bank Wire (SEPA) | ≤20k EUR → 20 EUR; >20k EUR → 0.1% fee | Not mentioned (likely 1–7 hours) |
| Skrill (Moneybookers) | Minimum 1% | Processed within 1–7 working hours |
| Neteller | Minimum 1 USD |
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