FOREXMART

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About company:

ForexMart is a trademark of Tradomart Ltd. (formerly Fxco Trading Ltd.). It is an investment firm that is registered in Cyprus and regulated by CySEC. The broker offers Forex, CFDs on stocks and spot metals trading through the popular MetaTrader4 trading terminal.

Security of funds

Tradomart Ltd. operates as a ForexMart brokerage, duly licensed and regulated by the Cyprus Stock Exchange (CySEC, license number 266/15).

In addition, Tradomart Ltd. holds a cross-border CySEC license allowing it to carry out investments and ancillary services in accordance with the European Financial Instruments Directive (MiFID) across the European Economic Area.

CySEC applies certain rules for investment brokerage companies, one of the most important is the requirement for a minimum capital amount of at least € 1 million. An additional guarantee for clients is that all CySEC-regulated companies are members of the Investor Compensation Fund. In case of bankruptcy of the broker, clients will be able to return up to 20,000 euros.

Trading conditions

The minimum deposit in the company starts from just 1 USD / EUR / GBP. Compared to other brokers in Cyprus that require between $ 50 and $ 500, the ForexMart offer is considered to be very profitable in the industry.

ForexMart offers its clients a choice of two trading accounts and a demo account: ForexMart Standard and ForexMart Zero Spread. The first account has fixed spreads of 2 pips per EUR / USD and there is no commission. On the second account, there are zero spreads for the same pair, but a commission of 2 pips is charged. Other CySEC-regulated companies offer similar fixed spreads.

The broker's maximum leverage is one of the highest in the industry - 1: 1000. It is important to note that high leverage multiplies not only profits but also losses. This is why some brokers set a leverage limit. For gold and silver, the leverage is 1: 100, for CFDs - 1:20.

On trading accounts with a balance of more than $ 1,000, the leverage can be changed up to 1: 500.

Trading platform

Trading is carried out on the MT4 platform. The terminal allows you to track up to four charts simultaneously and is equipped with a number of technical indicators and Expert Advisors (EA).

Bonuses

This broker offers a 30% welcome deposit bonus as well as a no deposit bonus up to $ 150, which cannot be combined with other types of bonuses. It is also worth noting that the maximum leverage for clients who received a no deposit bonus is 1: 200.

Ways of payment

The broker allows you to deposit and withdraw funds using credit cards, bank transfers, electronic payment systems Neteller, Skrill, PayPal, Paxum.

Website

FAQ - BROKER QUESTIONS FOREXMART

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Can the broker FOREXMART be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. FOREXMART received a rating of 1 out of 5 on our resource.