This ForexMart review evaluates the broker’s trading conditions, regulatory status, account types, and platform access for global retail clients. With a focus on affordability and simplicity, ForexMart provides a MetaTrader-based experience with accessible leverage and bonuses.

Regulation and Safety

ForexMart is operated by Tradomart SV Ltd, regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (registration number 23071 IBC 2015). It also operates under Instant Trading EU Ltd, regulated by CySEC (license number 266/15), providing greater regulatory protection for EU clients. Fund segregation and negative balance protection are in place, but compensation schemes like FSCS are only available to CySEC clients.

Execution Model and Trading Platforms

ForexMart uses a market maker (MM) execution model for most retail accounts. Order processing is automated with no dealing desk claims for CySEC-regulated clients. The broker supports MetaTrader 4 across desktop, web terminal, and mobile platforms. There is no proprietary platform, FIX API, or VPS offered.

Markets and Instruments

ForexMart offers access to a modest range of instruments:

• Forex (standard major and minor pairs)
• Precious metals (gold and silver)
• Indices (US and EU benchmarks)
• Stocks (primarily US and EU listed)
• Cryptocurrencies (BTC, ETH, LTC – limited availability)

The total number of tradable instruments is around 100, making it more suitable for beginner or casual traders.

Accounts, Spreads and Leverage

ForexMart offers several account types to suit different trading styles:

• Classic: Spread-based with no commission
• Pro: Tighter spreads and lower slippage
• Zero Spread: Raw spread with $6 commission per lot
• Micro: For low-risk, micro-lot trading
• Islamic Account: Swap-free on request

Spreads start at 0.0 pips on Zero Spread accounts. Leverage goes up to 1:500 offshore and 1:30 under CySEC. Minimum deposit is $1, with a stop-out level of 50%.

Funding and Base Currencies

ForexMart supports a range of deposit methods including:

• Bank wire
• Visa/Mastercard
• Skrill, Neteller, FasaPay, Perfect Money
• Cryptocurrency (BTC, ETH, LTC)

Accepted base currencies: USD, EUR, GBP, and BTC. Deposits are usually processed instantly, while withdrawals take 1–2 working days.

Client Protections and Features

ForexMart offers baseline protections, especially under its CySEC license:

• Negative balance protection
• Segregated funds for client money
• ICF compensation scheme (EU clients only)
• 2FA available on account login
• Regular external audits (CySEC only)

Institutional and Retail Offering

ForexMart is primarily a retail-focused broker. Institutional-grade features such as FIX API, prime brokerage, or white-label services are not available. Retail traders benefit from:

• Bonus programs (welcome and deposit bonuses)
• Copy trading via MT4 signals
• Low deposit barrier for new traders

Pros and Cons

Pros

• CySEC regulation available for EU clients
• Multiple account types including micro and zero spread
• Cryptocurrency deposits supported
• Low $1 minimum deposit
• Bonus promotions for offshore clients

Cons

• Limited range of instruments
• No VPS, FIX API, or advanced tools
• Offshore regulation for global clients outside EU

Frequently Asked Questions

Is ForexMart regulated?

Yes, ForexMart is regulated by CySEC (license 266/15) for EU clients and by the FSA of Saint Vincent and the Grenadines for others.

What is the minimum deposit to start trading with ForexMart?

The minimum deposit is just $1, making ForexMart highly accessible for new traders.

Does ForexMart offer MetaTrader 5?

No, ForexMart only supports MetaTrader 4 for all trading accounts.

Are there any bonus programs at ForexMart?

Yes, ForexMart offers deposit and no-deposit bonuses for clients registered under the offshore entity.

Can I open an Islamic account with ForexMart?

Yes, Islamic swap-free accounts are available upon request on most account types.