Overall Rating: ★★☆☆☆ (2.3/5.0)

ForexMart is an offshore forex and CFD broker established in 2015, offering access to MetaTrader 4, high leverage, and a range of asset classes including forex pairs, metals, indices, and cryptocurrencies. The broker operates under CySEC regulation for EU clients and under an offshore entity for international clients, with key differences in client protection, leverage limits, and risk controls. While ForexMart promotes low spreads, deposit bonuses, and crypto deposits, its offshore model, lack of transparency, and basic trading conditions limit its appeal to more serious traders.

Key Features

ForexMart is built for beginners and high-leverage traders, with easy setup and straightforward access to popular markets.

• Trading Platform:
  • MetaTrader 4 (MT4) – available on desktop, mobile, and web
• Markets Available:
  • Forex, metals, cryptocurrencies, stocks, and indices
• Account Types:
  • Classic, Pro, Cent, and Zero Spread
• Leverage:
  • Up to 1:30 under CySEC
  • Up to 1:5000 offshore
• Deposit Methods:
  • Cards, wire transfer, crypto, Skrill, Neteller, and local options

Regulation and Security

ForexMart operates under dual regulatory structures, with vastly different levels of protection.

• CySEC (Cyprus) – Licence No. 266/15
  • Offers client fund segregation and negative balance protection
  • FSCS not available, but ICF (Investor Compensation Fund) may apply
• Offshore Entity (Saint Vincent and the Grenadines)
  • No investor protection, no licensing authority oversight
  • No guaranteed security of funds for non-EU clients
• Transparency concerns about operational standards offshore

Pricing and Costs

ForexMart advertises competitive pricing, but its fee structure is inconsistent across accounts and regions.

• Spreads:
  • Classic Account: From 1.2 pips
  • Zero Spread Account: Fixed zero spread, with higher commissions
• Commission:
  • Zero Spread: From $10/lot round-turn
  • Classic and Pro: Commission-free
• Minimum Deposit:
  • From $1 (Cent account)
• Deposit & Withdrawal Fees:
  • No internal fees, but external processors may charge
• Inactivity Fee:
  • Yes, but terms not clearly disclosed

Educational Resources and Customer Support

ForexMart offers basic trader support, but lacks premium educational tools.

• Education:
  • Forex glossary, platform tutorials, and basic guides
  • No video content, webinars, or advanced analysis
• Market Research:
  • Limited – some technical outlooks and daily summaries
• Customer Support:
  • 24/5 live chat, email, and phone
  • Available in multiple languages, with localised support

Risk Management Tools

Standard MT4 tools are available, but risk controls are minimal on offshore accounts.

• Risk Tools:
  • Stop-loss, take-profit, margin level alerts
• No guaranteed stop-loss or account protection under offshore entity
• CySEC clients receive leverage restrictions and some risk buffers
• High leverage (1:5000) can expose traders to extreme losses

Pros and Cons

Pros

• MT4 support and wide range of instruments
• Low minimum deposit ($1)
• Multiple account types, including cent and zero-spread
• Crypto deposits accepted
• CySEC regulation for EU clients

Cons

• Offshore entity lacks investor protection
• No MT5 or cTrader support
• Limited educational content
• High leverage increases risk significantly
• Inactivity fee and withdrawal delays reported

Conclusion: Is ForexMart the Right Choice?

ForexMart may suit beginner or high-leverage traders who want access to MT4 and flexible funding options, especially in emerging markets. However, its offshore operation, lack of transparency, and basic education/resources make it a risky choice for serious or long-term traders.

For more secure and regulated options, brokers like IC Markets, AvaTrade, or CMC Markets offer greater protection, tighter spreads, and more advanced platforms.