ForexMart is a Forex and CFD Broker that features on its trading platform CFDs on forex, stocks, indices, commodities and cryptocurrencies. ForexMart is a subsidiary company of Instant Trading Eu Ltd, a corporation that is regulated in Cyprus by the CySEC. Spreads for the standard account type are for EUR/USD 2.0 pips*, the minimum deposit for this account type is €15. The ForexMart website is available in English only.
What do we cover in our ForexMart Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.forexmart.eu
- Leverage: up to 1:30
- Instruments: CFDs – Forex, commodities, stocks, indices, cryptocurrencies
- Minimum deposit: €15
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Sofort, Credit and debit cards (Visa/MasterCard)
ForexMart Trading Platform
For FX and CFD trading, ForexMart offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application.
As any other CFD broker, ForexMart charges a spread fee. For the most current spread charges, please visit the forexmart.eu website. Here is a spread comparison table that contrasts ForexMart spreads with popular industry competitors.
*Spreads recorded on 02.09.2019 at 18:32 GMT. Data were taken either from the website of the broker for the standard account type. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
Instant Trading Eu Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 266/15.
The CySEC regulation gives ForexMart the right to provide cross-border services to other members of the European Economic Area.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce ForexMart.
- Supports scalping
- Low minimum deposit
- Low number of available CFDs
- 1.8% fee on credit/debit card withdrawals
To sum up the ForexMart Review
ForexMart adheres to strict regulatory guidelines of the CySEC. The broker supports scalping and has a very low minimum deposit. Charged spreads are solid, but unfortunately, the company also charges 1.8% fee on credit/debit card withdrawals. The number of available CFDs is not particularly attractive, especially in regards to indices and cryptocurrency pairs.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with ForexMart.
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