|Minimum deposit:||$15 USD|
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|Inactivity fee charged (Y/N):||N|
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|Demo account provided (Y/N):||Y|
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ForexMart is a worthy example of a modern investment brokerage company, who has earned a reputation as a reliable trading partner, guaranteeing the safety and comfort of online trading for its clients. The company was founded in 2015 in Cyprus and it is a trademark of Instant Trading EU Ltd., regulated by the Cyprus Securities and Exchange Commission (CySEC).
Despite the fact that the company is relatively young, it quickly gained the respect and interest of customers and partners. Since its founding, the company’s achievements have been repeatedly marked by a number of reputable publications in the field of trading in the financial markets. Receiving the awards “Best Forex Newcomer 2016”, “Best Broker in Europe” in 2015 and 2016 and “Most Promising Broker in Asia 2015” right from the start is a great confirmation of ForexMart’s competence and professionalism.
ForexMart is known as a reliable and secure broker. The company is a member of the Investor Compensation Fund, so every client can insure the deposit. Moreover, as part of the industry standards, ForexMart separates all client funds from company assets to ensure clients money is safe and available at any time.
The company offers high-end trading software, provides a wide range of trading instruments (currency pairs, CFDs, spot metals, cryptocurrencies) and protects customer accounts from any fraudulent activities. The most favorable trading conditions give ForexMart clients the opportunity to profitably and comfortably make trading operations and earn money in the financial markets.
Moreover, ForexMart Electronic uses ECN (Electronic Communication Network), technology that allows the client to directly connect market participants with major liquidity providers without the presence of intermediaries and dealers. Thanks to the ECN system, the company lets customers use narrow spreads, low commissions and instant execution of orders.
It should be noted that ForexMart doesn’t accept clients from certain countries, including the United States and Cuba.
ForexMart offers commission-free trades when trading Forex, and most other available instruments. As is typical with Forex trading, profits are taken from the spreads, which are one of the lowest on the market. The leverage is also good, up to 1:500.
There is no deposit or withdrawal fees levied by the broker (although you should be aware that your bank or credit card provider may charge transfer fees). Also ForexMart will charge an administration fee on dormant accounts, which applies after six months of inactivity.
The broker offers 4 types of trading accounts. Each account has its own free demo version on which you can trade using virtual cash.
ForexMart supports the ever-popular Forex trading platform MetaTrader 4, that provides a wide range of tools and functions that a trader needs: a number of technical indicators, an extended package for charting, a wide range of Expert Advisors (EAs) and an extensive environment for back testing. It allows to track a few charts simultaneously, trade directly from the chart, place orders and manage multiple orders.
The Web Terminal of ForexMart is easily accessible from any browser and can be used without the need to download or install additional software.
The company also provides free mobile apps which can be downloaded for both iOS and Android devices, with easy access to all the same tools and features as the web-based platform. All platforms are intuitive, highly user-friendly and easy to install (if needed).
ForexMart mobile application supports both Demo and Live account trading, it is free to download and available on both iPhone and Android platforms.
Forex trading is not easy and Forex Mart understands the importance of training like no other. The broker offers a wide range of learning material comes in various formats: on the web-site of the company there is an Economic Calendar, daily updated section of analytical reviews and economic news. There is also a FAQ section, covering general trading questions, education brochure and written advice on how to install EA and terminal.
The customer support, offered by the company is available in several languages, 24 hours a day, 5 days a week. The clients may choose any preferable way to contact support specialists: phone and live chat, Skype, WhatsApp and ICQ. It is also possible to request a call back by filling in a quick form via the website that specifies when you’d like to be called, which language you prefer and what your question or issue is about.
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