ForexMart
ForexMart is a financial company specializing in CFD trading since 2015. Registered in the offshore zone of Saint Vincent and the Grenadines. It observes international regulations, although it lacks a license. It guarantees the storage of client funds in segregated accounts, preventing the company from accessing these funds. It offers a variety of educational materials for unregistered users, access to currency pairs, energy commodities, and stock indices. Trading benefits include over 100 instruments, no requotes, zero spreads, protection against negative balance, Islamic accounts, and commission-free balance replenishment.
Support Service and Contacts
Contact the support service via phone, email, or the office in Kingstown. A feedback form is available.
Trading Conditions
Four tariff accounts are offered:
- Classic – minimum deposit from 15 dollars, spread from 1.2 pips, minimum lot 0.01 points, no commissions.
- Pro – entry from 200 dollars, spread from 0.8 pips, minimum lot 0.01 points, no commissions.
- Cent – deposit 15 dollars, all of the above + market execution.
- Zero Spread – deposit from 1 dollar, fixed spread 0.0 pips, instant execution.
A leverage of 1:500 is provided. Margin call level 30%, Stop out 10%.
Deposit and Withdrawal of Funds
Payment channels available: cards, bank transfer, electronic and cryptocurrency wallets, fast payment systems. Deposit requests are processed within 60 minutes. To withdraw, identity verification is required, withdrawal fee 1%-2.5%, withdrawal time 48 hours.
Summary
ForexMart offers convenient trading conditions and extensive learning opportunities. Collaboration with the company has its advantages, but attention should be paid to the lack of a license and a bonus program. Consultation with a specialist is recommended before registration.
My experience with ForexMart was quite disappointing. The broker lacks transparency, with hidden charges popping up now and then. The platform itself was not user-friendly, further complicating the trading process. Customer service was another letdown – they were slow to respond and often unable to solve my issues. I also experienced significant delays in withdrawals, which caused much frustration. Overall, I would not recommend ForexMart to anyone interested in a seamless and trustworthy trading experience.