ForexMart is the trading name of a Cyprus Investment Firm located in Limassol, Cyprus and regulated by the Cyprus Securities Exchange (CySEC). Last year, it was named by ShowFx World as the Best Broker in Europe 2015 and Most Perspective Broker in Asia 2015.
Forex Mart Trading Platform
Just like many other broker companies out there, Forexmart broker uses MetaTrader 4 software solution as well. This software package is well-known in the Forex world, and it does, in fact, offer some benefits and an impressive range of possibilities. However, Forexmart fails to utilize the platform properly, and they did not incorporate the full range of features that this package can offer. Also, there are mobile apps available, and traders can download them to their smartphones and tablets.
Forex Mart Bonuses
Promotions and gifts are an essential ingredient of successful operations in the Forex market, and every decent broker will try to offer reasonable but generous trading incentives. In our Forexmart opinion, this broker fails to do so since they are offering just a couple of types of bonuses, and one of their primary incentives are tickets for “Las Palmas” games. Aside from that, there are welcome bonuses of 30% and 50%, and a competition called “The Lucky Draw” where you could win $1000, but the requirement for this lucrative “gift” is to deposit $300. As you could see, the offers may be generous, but they are tied to demanding terms and conditions, and this is one of the reasons why Forexmart is not the best place to trade currency pairs and other assets.
Forex Mart Banking methods deposit and withdrawal
Minimum deposit amount that you are required to deposit with Forexmart is just $1, and this is, according to a lot of Forexmart opinions, a classic “swinging carrot” that should be tantalizing and attractive for potential investors. Also, Forexmart claims that they do not charge a commission for their services when clients are transferring the funds to and from their accounts, but we all know this is not true. Clients can use several methods to deposit and withdraw the funds, and wire transfer, credit cards, and e-wallets are on their disposal
Forex Mart trading Accounts
There are two accounts at ForexMart—the Standard and the Zero Spread. A minimum deposit of 1 USD is required to open either of the accounts and currencies in both can be in USD, EUR and GBP. The only difference in the two accounts is the spread of 2 pips that is charged for major currencies in the Standard account and the fee of 2 pips applied to major currency pairs in the Zero Spread account.
Leverage for both accounts range from 1:1 to 1:1000 and demo accounts are available.
Forex mart Bottom Line
ForexMart is a fairly new entrant in the Forex market. It offers a straightforward website with the basic features needed by a beginner trader.
A comprehensive all-round trading experience for registered clients The bonuses are generous and the fact that there is regulation is certainly a plus. In addition ForexMart is a regulated broker by CySec