ForexMart is considered low-risk and can be summarised as trustworthy and reliable. ForexMart trading involves competitive spreads plus leverage up to 1:200 on some major FX pairs with a minimum deposit of $15 USD/ R240 ZAR and 0.0 spreads.
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 |
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 Fees and Spreads – 7 key points quick overview:
ForexMart at a Glance- ForexMart Fees and Spreads
- ForexMart Additional Trading Fees
- ForexMart Broker Fees
- ForexMart Pro and cons
- ForexMart Conclusion
- Frequently Asked Questions
ForexMart Fees and Spreads
Forex Mart’s spreads start from 0.0 pips.
| 💠Feature | 📈 Classic Account | 📈 Pro Account | 📈 Cents Account | 📈 Zero Spreads Account |
| 💵 Minimum Deposit | $15 USD / R240 ZAR | $200 USD / R3200 ZAR | $15 USD / R240 ZAR | $500 USD / R8000 ZAR |
| 📌 Min Spread | 1 pips | 0.6 pips | 1 pips | 0.0 pips |
| 💰 Average Spread | 1.2 pips | 0.8 pips | 1.2 pips | 0.2 pips |
| 📊 Leverage | Leverage 1:3000 for balances up to $200 (Forex pairs only) Leverage 1:3000 for balances up to $500 (Forex pairs only) Leverage 1:1000 for balances up to $1,000 (Forex pairs only) | 1:500 | 1:500 | 1:200 |
| Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
The spread list offered by ForexMart is transparent, showing the minimum as well as the average spreads that traders can expect from this broker. The broker does not charge any commissions except for the Zero Spread Account.
Spreads and commissions on the different live account types are as follows:
- On the Classic Account, the minimum spreads start from 1 pip and the average spread from 1.2 pips.
- With the Pro Account, minimum spreads start from 0.6 pips with the average spread from 0.8 pips.
- On the Cent Account, the minimum spreads start from 1 pip and the average spread from 1.2 pips.
- The Zero Spread Account has minimum fixed spreads starting from 0.0 pips with commissions of $6.
ForexMart Additional Trading Fees
Traders can expect that overnight, or swap fees will be charged when positions are held for longer than a trading day when trading with financial instruments such as forex.
Muslim traders following the Islam faith are offered the option of converting any of the live trading accounts into that of an Islamic account. With this kind of account, overnight fees are prevented to be charged or credited and ensures Halal trading for Muslim traders.
ForexMart does not offer spread betting and thus spread betting fees do not apply.
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 Broker Fees
With ForexMart no deposit fees are charged but the broker does charge withdrawal fees depending on the payment method used.
Withdrawal fees on the different payment methods are as follows:
| 📈 Broker Fees | |
| Credit or Debit Cards | 2.50% plus a fixed fee of 3.50 USD/EUR |
| Skrill | System fee of 1% |
| Neteller | 2% with a minimum of 1 USD and a maximum of 30 USD |
| Bitcoin | Fixed fee of 0.0002 BTC plus 2 USD |
Traders may also be subjected to transaction fees waived by their payment provider and should be verified with the financial institution before deposits are made.
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 is considered low-risk and can be summarised as trustworthy and reliable. ForexMart trading involves competitive spreads plus leverage up to 1:200 on some major FX pairs with a minimum deposit of $15 / R 240 ZAR and 0.0 spreads.
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Frequently Asked Questions
How many instruments can I trade with ForexMart?
You can trade the following financial instruments:
- Forex (floating and fixed spreads)
- CFDs on shares
- Spot Metals
- Spot Metals (floating spreads)
- Energies
- Cryptocurrency
Which platforms are supported by ForexMart?
MetaTrader 4.
Does ForexMart offer leverage?
Yes, leverage of 1:500 on all accounts except for the Zero spread account which has a leverage of 1:200.
What spreads can I expect with ForexMart?
You can expect spreads that start from 0.0 pips.
Does ForexMart charge a commission?
Yes. Depending on the trading account the trader uses, and the financial instrument traded, traders will be subjected to the following commissions on the Zero Spread Account from between 0.02% and 0.07%. It does not charge commission on any of the other live account types.
Is ForexMart regulated?
Yes. ForexMart is regulated by SVGFSA.
Is ForexMart a recommended forex trading broker for experts and beginners?
Yes. ForexMart caters to both beginners and expert traders.
What is the overall rating out of 10 for ForexMart?
7/10.
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