Overview
In 2015, ForexMart was founded, aiming to become a global retail forex broker for the provision of excellent and innovative trading services. It has made cheap or free offerings to clients according to the size of their amounts.
- Founded
- 2015
Strengths and watchouts
- High Maximum Leverage
- Multiple Customer Support Channels
- No Commission Charged
- High Minimum Deposit
- Less Attractive Spreads
Watchouts are not yet documented for this broker. Review fees, regulation and account terms before opening an account.
Safety and regulation
The ForexMart broker is CySEC-regulated, which in terms of financial qualifications is very good for providing the client with a safe trading atmosphere. The client’s money is deposited in segregation at the best banks, separate from the broker's monies. For money management, no customer could overdraft forex losses from the amounts they initially deposited.
- CySEC
- FSC
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- stocks
- CFD
- metals
- energy
- indices
- cryptocurrencies
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Classic | $0 | 1.0 | 1:1 to 1:3000 |
| Pro | $0 | 0.6 | 1:1 to 1:500 |
| Cents | $0 | 1.0 | 1:1 to 1:500 |
| Zero Spread | $0 | 0.0 | 1:1 to 1:200 |
Fees and costs
ForexMart offers low spreads starting at 0.0 pips on Zero Spread Accounts. The Standard Accounts don't charge commissions, but the rates and schedule change according to the trading volume with the commission being increased. Keeping a position open overnight attracts a fee known as a swap fee. Islamic accounts avoid swap fees. An inactive-account fee can be charged to dormant accounts to encourage trading activity.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Is the broker regulated?
What trading platforms do they offer?
How much is the minimum required deposit to open an account?
What kinds of accounts does it offer?
What fees and commissions are they charging?
Reader reviews
Diogo
Jan 4, 2025
After three months of trading, I was shocked to find that the broker erased all my transactions and earnings. Immediate action is needed to prevent this company from deceiving others!
Juan Fernando Escobar
Jan 3, 2025
Be extremely cautious with this brokerage firm. They have a tendency to keep the profits you earn. I know several people whose earnings have been taken, and there is concrete evidence to back this up. The MT4 account statements clearly show a decline in profits when they are removed, along with emails claiming rule violations, even when all trading activities are completely legitimate and above board. It's outrageous that such deceptive brokers exist. Furthermore, they impose hefty withdrawal fees. If you're interested in seeing the evidence, it's available for anyone to inspect. Avoid this broker at all costs.
Pavan
Jan 2, 2025
Forexmart imposes numerous terms and conditions, which are essential to review thoroughly. These rules significantly restrict trading freedom, particularly during economic events, news releases, and periods of price gaps. Additionally, trading is not allowed if there are sudden spikes within one or two minutes. Should you make a profit during these times, the company retains over 90% of it, citing a policy that limits profits to 10% per trade. Consequently, I believe trading with this firm is not worthwhile and would advise others to consider this before engaging with them.
Showing 1–3 of 10 reviews