ForexMart Broker Review

Commissions & Fees

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 in line with other brokers on the market, and leverage is good, up to 1:500. There is no minimum deposit on a standard account and 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). ForexMart is currently offering a 30% bonus on deposits from new clients. The broker will charge an administration fee on dormant accounts, which applies after six months of inactivity.

Platforms & Tools

The Web Terminal of ForexMart is easily accessible from any browser and can be used without the need to download or install additional software. Many traders will choose to use the ever-popular MetaTrader 4 software which is available at ForexMart, along with its usual extensive suite of trading tools, charts and other technical indicators. 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, easy to install (if needed), and highly user-friendly.

Customer Service

Both the website itself, and the customer support, is available in several languages, 24 hours a day, 5 days a week. As well as the customer support options you would expect, such as email, phone and live chat, you can also contact ForexMart via Skype, WhatsApp and ICQ. Or you can request a call back via the website by filling in a quick form that specifies when you’d like to be called, which language you prefer and what your question or issue is about. There is also a FAQ section, covering general trading question, account questions, and specific topics such as deposits and withdrawals, or verification issues.

ForexMart is a relatively new broker who is already receiving industry attention (and awards) and becoming known as a flexible and reliable Forex trading firm. There is the option of a demo account as well as a choice of 4 different account types to suit the needs of different customers, all with leverage of 1:500, and require a deposit of as little as $1. The company is fully regulated, with a choice of instruments, although the focus is very much on Forex trading. MT4 traders will be happy to be able to use the platform they are familiar with, and all customers will appreciate the full range of customer support channels.