General Information& Regulation
ForexMart is an established forex broker company in Cyprus and has been in operation since 2015. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15. ForexMart also holds a sponsorship deal with HKM Zvolen, a Slovakian ice hockey team.
Market Instruments
ForexMart offers investors 100+ financial instruments including Forex(Floating Spread), Forex(Fixed Spread), CFDs on Shares, Spot Metals, Spot Metals(Floating Spread), Cryptocurrencies, Energy, Indices, etc.
Accounts & Leverage
There are four kinds of live account types for investors to choose from at ForexMart, namely Classic ($15 minimum deposit), Pro ($200 minimum deposit), Cents ($15 minimum deposit) and Zero Spread ($1 minimum deposit). The maximum leverage of all account types is 1:500.
Spreads & Commissions
For ForexMart Standard Account, the fixed spreads of EUR/USD, GBP/USD, USD/JPY, EUR/JPY, EUR/GBP are 2 pips. The fixed spread of GBP/JPY is 3 pips. The Standard Account charges no commissions, while the Zero Spread Accounts commission is $5 per lot.
Trading Platform
ForexMart provides clients with access to the worlds financial markets via the MetaTrader 4 (MT4) platform, WebTrader, and ForexMart mobile application.
Deposit & Withdrawal
ForexMart does not charge deposit fees. However, payment systems may charge commission for their services. The available payment options include Visa, MasterCard, PayCo, Skrill, Neteller, Bitcoin, Bitcoin Cash etc. Some payment systems may be not available in certain regions. Withdrawal fees vary depending on the payment method.
Trading Hours
Trading times vary and depend on the asset traded. For example, the Forex market is open for trading 24 hours a day, five days a week.
Accepted Countries
ForexMart doesn't offer its services to residents of certain jurisdictions such as the USA, North Korea, Myanmar, Sudan and Syria.
Customer Support
ForexMarts customer support team is available 24 hours a day, 5 days a week, to assist clients with trading issues and questions.
Risk
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
