- Country: Cyprus
- Regulation: CySEC
- Markets: Forex and CFDs
- Minimum deposit: 1 USD
- Deposit methods: card, transfer, Paypal, Skrill, etc.
- Platform: Metatrader 4
- Spread: 2 pips EURUSD
- Commissions: Zero Margin account
- Scalping: yes
What is ForexMart?
ForexMart is a Cyprus Forex and CFD broker operating under license 266/15, fully regulated by that country’s CySEC on behalf of Tradomart Ltd.
Tradomart Ltd also complies with the European regulation on financial markets, MiFID.
Likewise, ForexMart is a member of the Cypriot Funds Compensation System, ICF, which guarantees the return of deposits to clients in case of problems with the company.
Interestingly, this broker is the sponsor of one of the teams in the Spanish league, the Union Deportiva Las Palmas.
ForexMart minimum deposit
The minimum deposit to deposit money in ForexMart is 1 USD or EUR, which can be made by card, transfer, Skrill, Neteller, Paypal, PayCo, MegaTranser, Paxum and Qiwi.
One of the best guarantees of ForexMart is that there will be no debts for the trader, committing not to let the traders’ accounts go negative.
Click here and open an account from 5 USD with one of the best brokers on the market
The platform used is the well-known MetaTrader 4 .
ForexMart has a 30% account opening bonus. For example, if we open an account with 100 euros, ForexMart will add 30 euros to it.
In order to withdraw the money from the bonus, some trading volume requirements must be met.
Likewise, there is also another bonus of up to 50%, for which there will be different conditions.
But this does not end there, as a no deposit bonus of up to 300 EUR is also offered. In order to withdraw this money, certain conditions must be met with a certain volume.
ForexMart also has a competition system where traders can win prizes, for those who have been in the top positions.
The competition is weekly and the prizes to give are the following:
- First place: 650 EUR
- Second place: EUR 500
- Third place: 300 EUR
- Fourth place: 200 EUR
- Fifth place: 100 EUR
ForexMart accounts and markets
ForexMart has two basic trading accounts, ForexMart, and Zero Margin
|ForexMart||ForexMart Zero Margin|
In July 2018, a new maximum leverage will be applied for traders residing in Europe by ESMA regulations. The same, which will apply to Forex products and CFDs we have in the following table:
|Main Forex pairs||30: 1 or 3.33% margin|
|Main indices, gold and minor Forex pairs||20: 1 or 5% margin|
|Lower indices, commodities and exotic Forex pairs||10: 1 or 10% margin|
|Actions||5: 1 or 20% margin|
|Cryptocurrencies||2: 1 or 50% margin|
|Manzana||0.152 (+ commission 0.10%)|
|0.05 (+ commission 0.10%)|
This broker is quite recent in the market. For the rest, it is another Cypriot broker , which comes to be added to the numerous list of brokers in that country.
As a rather curious and positive fact is the promotion of the Spanish Football Club, Las Palmas , which shows its commitment to the Spanish market, having, of course, customer service in this language.
As for the products, it has a good variety of them, both in Forex and stocks, as well as in promotions.
For more information, visit the website .