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Broker review in detail
ForexMart is one of the young Forex brokers. The company belongs to the TradoMart Ldt group and was registered in 2015 in Cyprus. Licensed by reputable European financial regulators: CYSEC (Cyprus), ACPR (France), BaFin (Germany), FCA (Britain) and CONSOB (Italy).
The ForexMart trading platform provides traders with access to the Forex market, trading CFDs on stocks, trading spot assets and cryptocurrencies. 110 currency pairs are available for working on Forex, including pairs with the Russian ruble. There are two types of deposits:
ForexMart Standard – no commission; fixed spread for major currency pairs (2 points) and floating for other instruments (from 1 to 450 points).
ForexMart Zero – commission from 0.7 to 4 points; floating spread for all pairs from 0 to 450 points.
The minimum deposit on both accounts is only 1 USD, 1 EUR or 1 GBP. The maximum leverage for Forex currency pairs is 1: 500. According to the rules of the European Union, for private traders the default maximum leverage is 1:30. Leverage increase is available only for professional market participants after a written request to the broker.
CFD-contracts for shares of the largest international companies: Apple, Alibaba Group, IBM and others are available for trading. Minimum transaction size – 1 share; commission – 0.10%; margin – 10%. The spread for all CFDs is floating: from 0.03 to 1 point. The ForexMart spot metals category includes gold and silver, traded with a leverage of 1: 100 and zero commission. Crypto assets on the broker’s platform include 4 currencies: Bitcoin, Ethereum, Litecoin, Ripple, as well as a pair of BCH / USD.
To trade on Forex, ForexMart traders use the MetaTrader 4 application, which allows you to work with current charts, use the tools of technical market analysis, create and implement trading robots.
ForexMart offers beginners welcome bonuses of 30 and 50% of the replenishment amount, as well as a no deposit bonus for opening a real account. The broker regularly holds promotions and contests, playing out cash prizes. There are several types of affiliate programs for webmasters, online affiliates and CPA networks.
To replenish and withdraw funds from the deposit, the trader can use Visa and MasterCard cards, as well as electronic payment systems:
ForexMart received the award as the best new broker of 2016 according to the prestigious International Finance magazine.