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Account types

Our analysis of ForexMart found that the broker offers four different types of accounts for international clients and five different types of accounts for EU traders.

The Classic account is, as the name suggests, the most popular choice for most traders. This account has a minimum spread of a pip and a minimum deposit of just $ 15. It is also free, making it perfect for all types of traders.

The ForexMart Cents account works in almost the same way as the Classic account. In fact, the entry barrier is the same, however, it offers lots of cents. Because of this, our review team found that this ForexMart account is ideal for beginners.

You can also choose to sign up for a Pro account, which has a minimum deposit of US $ 200 for international customers or US $ 1,100 for EU customers. In exchange for a higher minimum deposit limit, you receive a minimum spread of 0.6 pips and no commission fee. The broker also offers the Zero Spread account, which means that there is a fixed spread of zero pip, with a minimum deposit of US $ 1.00 to open the account. There is a minimum commission of 0.02%, which extends to 0.07% in the high end. These are extraordinarily small commissions and can save a ton of money for the trader in the long run.

EU customers can also benefit from the ForexMart scalping account. This has a minimum deposit of $ 111 and a minimum spread of zero pips.

There are also opportunities to open a demo account, which allows traders to practice their trading strategies and see how the platform works. In addition, ForexMart also offers a non-exchange Islamic account for those who need to do this for religious reasons.

ForexMart trading costs

As mentioned earlier, most trades are facilitated by the spread and the costs are quite low in this regard. Spreads are small, which saves a lot of money for the average retailer.

ForexMart.com does not charge any deposit fees. In fact, this broker even reimburses the deposit costs incurred by customers with their payment provider. There are, however, fees for withdrawals. This varies depending on the payment method used, but none costs more than 2.5%.

Considering all of this, our reviewers found that their trading costs at ForexMart are minimal, especially compared to other similar brokers.

ForexMart payment methods

ForexMart.com offers you the choice of several different payment methods, including bank transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay and AliPay.

To deposit in your account, simply access the customer area, login and click on the chosen payment method. All deposits are processed within 24 hours, in addition to bank transfers that take between 2 and 4 business days.

You can also withdraw using the methods mentioned above. Withdrawals are usually processed within 48 hours, but those made by bank transfer still take between 2 and 4 business days. If you want a faster withdrawal option at ForexMart, our reviewers recommend that you choose Neteller or Skrill. These e-wallet services allow you to withdraw within 7 hours.

ForexMart trading bonus

ForexMart offers a generous bonus to all new international traders. It is credited to you when you make your first deposit and offers an excellent opportunity to explore everything the broker has to offer.

Unfortunately, this bonus is not available to EU traders due to regulations.

ForexMart trading platforms

Our ForexMart reviewers found the broker's website intuitive. Before registering, you can easily find all the necessary information, such as account types, payment options and tools available.

Opening an account at ForexMart is also simple. You can do this in a few minutes, but note that you will need to verify your account before starting to trade. You can do this by providing the broker with proof of identity, such as a passport or other identification document.

After registering with the broker, you will have access to one of the most popular trading platforms in the world, MetaTrader 4. This is a great benefit for beginning traders, as MT 4 is easy to use and experienced traders, who are you're probably already familiar with the platform. MetaTrader 4 allows the use of robots and offers more than 40 technical indicators.

If you do not wish to download the MetaTrader 4 desktop platform, you can also trade via ForexMart for Web Terminal. It is also equipped with MT 4 and can be started from your internet browser. You can place all types of orders on this platform, but it is worth noting that this version does not have the same tools as MetaTrader 4.

Compatibility with mobile devices

Our ForexMart broker review team was pleased to find that the site works well on mobile devices. Although it is not as easy to navigate as on the desktop, it is still fast to load. This makes it easy to check news and quotes in real time, and you also have access to all the broker's educational materials when on the go as well.

As ForexMart uses MetaTrader 4, you can also trade whenever and wherever you want using the MT 4 mobile app. It is available on iOS and Android devices and has long been considered the best mobile Forex trading platform in existence. Even on mobile devices, the graphics platform is top notch and can run the same kind of indicators that you can use on the desktop.

Education and training

Our reviewers were a little disappointed with ForexMart's education and training facilities. The broker offers a glossary of terms, a short video for novice traders and instructions on how to load an EA on the trading platform. Unfortunately, they do not offer webinars or longer video guides.

Although its learning services may be unsuitable for beginners, ForexMart offers a variety of other tools, such as news, market analysis and an economic calendar. They are very useful for all types of traders, as following global events can provide information on how to trade.

ForexMart customer support

ForexMart.com offers extensive support across multiple channels. You can contact the broker via email, phone, WhatsApp, Skype, telegram and Viber. You can also request a callback and all support options are available 24/5.

During our review of ForexMart, we contacted the broker's customer support agents several times. We always found that our questions would be answered completely and quickly, exactly what you want from a trusted Forex broker.

ForexMart - Our verdict

Although ForexMart is relatively new to the industry, our reviewers have found that they are already offering an impressive experience. They offer hundreds of markets, types of accounts suitable for all types of traders and access to the best trading platforms in the industry.

In general, we recommend ForexMart for novice and veteran traders and everyone else. Although the broker's educational resources are limited, the free demo account and low minimum deposit limits are perfect for those looking to practice their trades. More experienced traders will also love the fact that they access the CFD market, use robots and benefit from low rates.

Sign up for ForexMart via desktop, mobile or tablet now to start trading with a reliable and competent broker.

ForexMart Frequently Asked Questions

Is ForexMart a regulated broker?

Yes, ForexMart is regulated by several respected authorities, including CySec and SVGFSA.

What types of accounts does ForexMart offer?

ForexMart offers several account options, each suited to different trading styles. You can choose between Classic, Cents, Pro and Zero Spread accounts. The broker also offers demo accounts and Islamic accounts available.

Does ForexMart offer a bonus?

ForexMart rewards all new international customers with a generous welcome bonus. It is available when you make your first deposit on the website. Unfortunately, EU traders cannot benefit from this bonus due to regulations.

What is the minimum deposit on ForexMart?

At ForexMart, you can open an active account and start trading with just $ 1.

Is ForexMart safe?

ForexMart is a well-regulated and reliable broker. All client funds are held in segregated accounts and are protected by insurance policies. The website itself uses SSL encryption technology to protect your data and all payments are made using secure banking methods.