ForexMart does offer a free demo trading account for beginners to start training on. Practice forex trading in a 100% risk-free environment. The demo account expires after 30 days and account holders can request that ForexMart assists in changing the Demo Account into a live trading account.
| 🔎 Account | 🥇 Demo Account |
| ✅ Trading Platforms | MT4 trading platform |
| 📊 Market Quotes | Real-time market quotes |
| ⚙️ Customer Service | 24/5 Customer Support |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 15
Regulators
CySEC, SVGFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ForexMart Demo Account – 7 key points quick overview:
ForexMart Overview- ForexMart Demo Account Features
- How to set up a ForexMart Demo Account
- ForexMart at a Glance
- ForexMart Pro and cons
- ForexMart Conclusion
- Frequently Asked Questions
ForexMart Overview
Traders will be redirected to a page containing their demo account information, a link to download the MetaTrader 4 trading platform to their desktop, and a banner to direct them to the Web Terminal to start trading immediately.
A demo account is referred to as a practice account since it provides traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what ForexMart has to offer.
ForexMart Demo Account Features
ForexMart demo account mimics a live trading account where traders have access to the same functions, features, and options that they would on a live trading account.
The demo account is also risk-free since traders make use of virtual funds to conduct their trading. This means that traders cannot withdraw any profits which are made on the demo account.
The demo account that ForexMart offers provides traders with access to the member’s area on the website as well as MetaTrader 4. Traders have full access to all the functions and features that the trading platform has to offer.
Traders can fully explore the broker’s offer to decide whether the broker is suited to their specific trading needs and objectives.
MetaTrader 4 is extremely user-friendly and makes adequate provision for both beginners as well as professional traders.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what ForexMart has to offer.
Min Deposit
USD 15
Regulators
CySEC, SVGFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
How to set up a ForexMart Demo Account
1. Step 1 – Web selection
Go to the homepage of ForexMart and select the banner ‘Open demo account’.
Traders will be redirected to a new page where you need to complete a short registration form
2. Step 2 – Complete information
A short registration form needs to be completed and requesting an email address and full name.
Next, you must accept the Terms of Service and Privacy Policy before clicking on the submit button.
Now traders need to enter their country of residence and their mobile number.
After clicking ‘next’, traders are provided with the options to select the account type, account base currency, leverage, and virtual fund amount.
Lastly, traders can select whether they would like to receive product updates and technical analysis emails before they click ‘complete’.
ForexMart at a Glance
| Broker's Name | ForexMart |
| 🏛️ Headquartered | Cyprus |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | SVGFSA |
| ☪️ Islamic account (swap-free) | Yes |
| 📎Sign up Bonus | Yes |
| 👍 Demo Account | Yes |
| 📌 Account types | ForexMart Classic, Pro, Cent, Zero spread |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $ 15 USD / R 240 ZAR |
| 💳 Deposit Options | Skrill, Neteller, BTC, BCH and local options for several countries |
| 💳 Withdrawal Options | Skrill, Neteller, BTC, BCH and local options for several countries |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, commodities, indices, CFD on shares, and cryptocurrencies |
| 👨💼 Languages supported on Website | Multiple languages |
| 👥 Customer Support Languages | Multiple languages |
| 📆 Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
ForexMart Pro and cons
| ✔️ Pros | ❌ Cons |
| Regulated by CySEC | Clients from USA, North Korea, Myanmar, Cuba, Sudan, and Syria not accepted |
| Minimum deposit from $15 | No referral bonus offered |
| Offers competitive and attractive trading conditions | No trading bonus for loyal customers |
| MetaTrader4 | Limited number of trading instruments |
| Offers up to $ 500 000 in virtual funds | Demo account expires after 30-days |
| Sign-up completed in minutes | Training resources are incomprehensive |
| Low minimum deposit required | |
| Offers an Islamic account | |
| Demo account sign-up fully digital | |
| 7.30% Deposit bonus for Classic and Cent accounts unlimited claims |
ForexMart Conclusion
Overall, ForexMart offers beginner traders a free demo trading account to start training on. An opportunity to practice forex trading in a 100% risk-free environment. The demo account expires after 30 days and account holders can request that ForexMart assists in changing the Demo Account into a live trading account.
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Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does ForexMart offer a demo account?
Yes.
For how long is the demo account valid?
It does not state for how long it is valid, but brokers usually offer a demo account for 30-days.
Which live trading accounts does ForexMart offer?
- Classic account
- Pro Account
- Cent Account
- Zero Spread Account
What are the available deposit currencies for a live trading account?
EUR, USD, GBP, and RUB.
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