Forex Mart Broker Review

Author By Jeffrey Cammack
Updated: March 1, 2021
Overall Rating
2.63 2.63 / 5
🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 17
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertTradeForexSA does NOT recommend ForexMart due to insufficient regulation.We suggest you continue your search using our approved brokers list.
Last updated on 1 Mar 2021
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on Forex Mart

TradeForexSA does NOT recommend ForexMart due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds.

With only a little educational material to teach traders how to learn to trade successfully and a lack of transparency in the spreads and commissions, there is cause for concern. While ForexMart claims to have a fast withdrawal system, each withdrawal includes a fee that would not be applied at most other credible brokerages. Our primary concern with ForexMart, however, is their lack of credible regulation.

🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD USD 17
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
100001/ 5
Trading Conditions
111003/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
100001/ 5
Education & Research
10.50001.5/ 5
Assets Available
111104/ 5
Customer Service
111104/ 5
Beginner Friendly
Poor
Welcome Bonus

Account Information

Base Currencies
EUR, USD
Number of FX Pairs
65
Crypto Pairs
5
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
40 USD / lot (EURUSD)
EUR/USD
1.10 pips
GBP/USD
1.50 pips
USD/JPY
5.80 pips
Negative Balance Protection

Company Details

Company Name
Tradomart SV Ltd
Founded
2015
Website Language
English
Support Language
English
Office Locations
Saint Vincent
Scroll for more detailsPreviousNext
Account Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Cents
USD 15
500:1
1
Spread Only
Account Details
Classic
USD 15
500:1
1
Spread Only
Account Details
Pro
USD 200
500:1
0.60
Spread Only
Account Details
Zero Spread
USD 1
500:1
0
40 USD / lot
Account Details
AlertTradeForexSA does NOT recommend ForexMart due to insufficient regulation.We suggest you continue your search using our approved brokers list.
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