Overall, ForexMart is considered a trustworthy, low-risk broker with leverage from 1:500, low fixed spreads from 0.0, minimal lot of 0.01, and a minimum deposit of $15 USD. Commission-free up to $15 USD/ R240 ZAR.
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 Review – 20 Key Point Quick Overview:
- ☑️ ForexMart at a Glance
- ☑️ ForexMart Overview
- ☑️ ForexMart Safe or scam?
- ☑️ ForexMart Leverage
- ☑️ ForexMart Accounts
- ForexMart Market instruments
- ForexMart Fees
- ForexMart Deposit and withdrawal
- ForexMart Trading platforms
- How to open a ForexMart account
- ForexMart vs eToro vs IC Markets – A Comparison
- ForexMart Pro and cons
- ForexMart Current Popularity Trend
- ForexMart Customer Reviews
- ForexMart Customer support
- ForexMart Education
- ForexMart 140+ points
- ForexMart Conclusion
- ForexMart Disclaimer
- Frequently Asked Questions
ForexMart Overview
According to research in South Africa ForexMart is an English company founded in 2015 with headquarters in Limassol, Cyprus. ForexMart is a young online broker that offers to trade in forex, CFDs, shares, cryptocurrencies, and social trading. The company is also listed on the stock exchange, which means it is publicly listed and you can buy shares in it.
ForexMart Safe or scam?
ForexMart is registered as a Cyprus Investment Firm located in Limassol, Cyprus, and regulated by SVGFSA. It is also authorized and regulated in various other jurisdictions where it operates. Any payments done to any ForexMart accounts by traders are held in a segregated tier 1 bank account which means the broker has no direct access to your funds so cannot misuse your money. It does not provide services for residents of countries, such as the United States, North Korea, Myanmar, Cuba, Sudan, Syria, and some other regions.
ForexMart Leverage
Leverage enables a trader to get a much larger exposure to the market the person is trading in than the amount deposited to open the trade. Leveraged products, such as forex trading, magnify a trader’s potential profit – but also increase the potential loss.
Leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1 000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the collateral to cover any credit risks that may arise during trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you need to have enough funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
Leverage of 1:500 on all accounts except for the Zero spread account which has a leverage of 1:200.
ForexMart Accounts
The following account types are available to ForexMart clients:
- ForexMart classic – 1.2 pip average spread, no commission, a minimum deposit of $15
- ForexMart Pro – 0.8 average spread, no commission, a minimum deposit of $200
- ForexMart cent accounts – 1.2 pip average spread, no commission, a minimum deposit of $15
- ForexMart ZeroSpread – 0 pips fixed spread (takes $6 commission average after order execution), a minimum deposit of $500
- Demo account
- Islamic account – swap free account
| 💠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 |
ForexMart Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
- ForexMart offer over 111 instruments to trade in with
- Forex (floating spread)
- Forex (fix spread)
- CFDs on shares
- Spot metals
- Spot metals (floating spread)
- Cryptocurrency
ForexMart Fees
Cost and fees depend on different factors, like spread and margins, and ForexMart clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
ForexMart allows you to execute a minimum deposit of $1 on the ForexMart ZeroSpread account. The other account types have varied minimum account deposits.
ForexMart offers ECN and STP execution, so you can expect very tight spreads with more transparency over the price you are paying to execute your trades.
ForexMart withdrawal fees vary on the payment method and it does not charge any deposit fees. It does not charge inactivity fees.
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ForexMart Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
The following payment methods are available for deposits and withdrawals with ForexMart
| 🔎 Broker | 📈 ForexMart |
| 💳 Payment Methods | Visa Mastercard Skrill Neteller BTC BHC |
ForexMart does not charge deposit fees and funds can be deposited in USD, EUR, and GBP currencies. The company does not charge commission fees for services, but there may be costs involved from the institutions used.
As part of its commitment to creating the best possible trading conditions, ForexMart reimburses deposit costs that clients may incur. Withdrawal fees vary depending on the payment method.
Deposits and withdrawals are processed within 24 hours.
ForexMart Trading platforms
The forex trading platform provided by ForexMart to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
ForexMart provides MetaTrader4 as a trading platform. It is offered for mobile apps for Android and iOS, web and desktop, making it easier to keep an eye on and execute your trades while you are on the move.
How to open a ForexMart account
1. Step 1 – Register for an account
When opening a trading account with ForexMart, you will need to sign up and will receive your login details by email.
2. Step 2 – Complete information
Complete information requested. “KYC” Process is followed
Next, you download the trading platform of your choice. You would not be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
#1 Broker in South Africa
High Bonuses, Now with Extra-Low Spreads
Trading Conditions
Trading Conditions
- MT4
- MT5
#1 Broker
ForexMart vs eToro vs IC Markets – A Comparison
| 🔎 Broker | 🥇 ForexMart | 🥈 eToro | 🥉 IC Markets |
| 📌Minimum Deposit | $15 USD / R240 ZAR | $10 / R160 ZAR | $200 / R3200 ZAR |
| 📌 Withdrawal Fees | Yes | Yes | No |
| 📌 Inactivity Fees | No | Yes | No |
| 📌 Deposit Fees | No | No | Varies |
| 📌 Platforms | MT4,WEB,desktop | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
| 🛑 Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes |
| 💵 Bank transfer | No | Yes | Yes |
| 📉 Paypal | No | Yes | Yes |
| 📊 Skrill | Yes | Yes | Yes |
| ✔️ Support | Live chat Phone support Email support | Live chat Phone support Email support | Live chat Phone support Email support |
| 📱 Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |
| 💰Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
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 Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “ForexMart” is entered into Google’s search engine over a given period of time
ForexMart Customer Reviews
Not that bad…
In truth, the company is not that popular, but it is stable. The main problem of all companies is untimely withdrawal or lack of it at all. At ForexMart, I did not have any problems or difficulties with the withdrawal. I also trade with other brokers and they all have different trading conditions, but ForexMart has an excellent ForexCopy system. Everything is clear and simple there. And if you comply with all the conditions – you can easily earn money, nothing complicated. I am very satisfied with the results of this system, I have never used anything like this before.
ForexMart Customer support
Potential traders need to make sure the broker company they choose will offer sufficient support whenever they need it. In the case of ForexMart customers can reach the support team in real-time by phone, chat, e-mail, and request a callback.
The company’s customer service is quick, efficient and polite, and available during market hours. Professional staff provides support in English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, and Russian. ForexMart also offers support through WhatsApp, Skype, Viber, and telegram.
ForexMart Education
Before starting to trade, potential clients of ForexMart should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
ForexMart offers a good selection of educational resources. Beginner clients can spend some time reading up on how the markets and trading works, making active trades through a demo account, active trading times, and managing risk. There is a glossary, education brochure, presentations, how to install EAs, and a FAQ section.
ForexMart 140+ point overview
| 🏢Name of Broker | ForexMart |
| 📅 Year Founded | 2015 |
| 🥇 Head Office | Cyprus |
| ☎️ Head Office Telephone Number | 442030976697 |
| 🏛️ Financial Regulatory Bodies | SVGFSA |
| 🗺️ Tier-1 Licenses | n/a |
| 🗺️ Tier-2 Licenses | n/a |
| 🗺️ Tier-3 Licenses | SVGFSA |
| 👨👩👧👦 Publicly Traded | No |
| 📊 Active Traders | Above 1 million |
| 🏆 Awards | Best Trading conditions 2025(International Investor) Best New Broker 2016 (IFM) Best Forex Newcomer 2016 (GBO) Best Broker in Europe 2015 and Most Prospective Broker in Asia 2015 |
| 📈 Trading Desk Type | STP + ECN |
| 📊 Trading Model | A book |
| 💲 Accept US Clients | No |
| 🚀 Welcome Bonus | No |
| 📒 Account Types | ForexMart Classic, Pro, Cent, Zero spread |
| 👨👩👧👦 Account Open Languages | English, Spanish, Russian, German, Chinise, Urdu, Bulgarian, Bangladesh, Arabic, Malay, Indonesian, Japanise, Poland, Espanol, Francais, Portuguese |
| ✨ Active Trader or VIP Discounts | No |
| ☪️ Islamic Account | Yes |
| ⏱️ Time to open an account | Less than 2 mins |
| 💱 Products Offered | Copytrade, Free VPS, Loyal option "Smart dollar", rebates |
| ⚠️ Is ForexMart safe to trade on? | Yes |
| 🌐 Server Location | Germany |
| 📊 Trust Score | 4.7/5 |
| Deposit | |
| 👛 Minimum Deposit | $15 / ZAR R260 |
| 👛 Demo Trading Account available | Yes |
| 👛 Deposit with credit/debit account | Yes (for EU only) |
| 👛 Deposit with Cryptocurrencies | Yes, BTC and BCH |
| 👛 Deposit with QIWI | No |
| 👛 Deposit with Bank Wire | No |
| 👛 Deposit with Bitpay | No |
| 👛 Deposit with Neteller | Yes |
| 👛 Deposit with Skrill | Yes |
| 👛 Deposit with Electronic Wallet | Yes |
| 👛 Deposit with Paypal | No |
| 👛 Deposit with Payoneer | No |
| 👛 Local deposit options for several countries | Yes |
| 👛 Deposit Processing Time | Instant |
| Currencies and Pairs | |
| 📈 Number of Base Trading Currencies | 72 |
| 📈 Trading Indices | n/a |
| 📈 Trading Stocks | n/a |
| 📈 Cryptocurrency (Physical) | n/a |
| 📈 Major Forex Pairs | 10 |
| 📈 Minor Forex Pairs | 7 |
| 📈 Exotic Forex Pairs | 45 |
| 📈 CFDs (Total) | 90 |
| 📈 Stock Indice CFDs | 13 |
| 📈 Stock CFDs | 53 |
| 📈 ETF CFDs | 0 |
| 📈 Commodity CFDs | 3 |
| 📈 Blend CFDs | 0 |
| 📈 Bond CFDs | 0 |
| 📈 Cryptocurrency CFDs | 19 |
| 📈 Allows Spot forex trading | No |
| 📈 Allows Hedging | Yes |
| 📈 Allows Scalping | Yes but monitored |
| 📈 Allows Swaps | Yes |
| 📈 Maximum Leverage | 1:200 leverage for Zero spread account only |
| 📈 Average Spreads | From 0.2 |
| 📈 Minimum Lot Size | 0.01 |
| 📈 Maximum Lot Size | 10k lots by all orders and no limit of order are single |
| 📈 Social / Copy Trading | Yes |
| 📈 Charting | Yes |
| 📈 AutoChartist | No |
| 📈 Watch list | No |
| 📈 Trade Alerts | Yes |
| Fees | |
| 💰 Trading Fee Class | n/a |
| 💰 Deposit Fee* | No |
| 💰 Account Opening Fee | No |
| 💰 Withdrawal fee* | Depends on system |
| 💰 Withdrawal Processing Time | 1-24 hours |
| 💰 Spread Fee | No |
| 💰 Spread Type | Floating or Zero |
| 💰 Commission Fee | Only for zero spread account 6$ per lot fixed |
| 💰 Inactivity fee | No |
| Trading Platforms | |
| 💻 ECN Forex Trading | Yes |
| 💻 MetaTrader 4 (MT4) | Yes |
| 💻 MetaTrader 5 (MT5) | No |
| 💻 Zulu Trade | No |
| 💻 cTrader | No |
| 💻 DupliTrade | No |
| 💻 Mac | No |
| 💻 Desktop Availability | No |
| 💻 Web Availability | Yes |
| 📱 Mobile Availability | Yes |
| 📱 Android App | Yes |
| 📱 Apple iOS App | Yes |
| 📱 Huawei App | No |
| 📱 Blackberry App | No |
| Education and Support | |
| 👨💼Customer Service | Yes |
| 👨💼 Phone Support | Yes |
| 👨💼 Livechat Support | Yes |
| 👨💼 Email Support | Yes |
| 👨💼 Education / Help Centre | No |
| 👨💼 Beginners Trader friendly UX | Yes |
| 👨💼 Community Forum | No |
| 👨💼 Currency Converter | Yes |
| 👨💼 Traders’ Calculator | Yes |
| 👨💼 Economic Calendar | Yes |
| 👨💼 Forex calendar | Yes |
| 👨💼 Weekly Webinars | No |
| 👨💼 Affiliate program | Yes |
| Safety and Protection | |
| 🛡️ Two-step Authentication | Yes |
| 🛡️ Investment insurance | No |
| 🛡️ FREE VPS hosting | No |
| 🛡️ Negative balance protection | Yes |
| 🛡️ Stop-loss Instrument | Yes |
| 🛡️ Margin Call | Yes |
| Final Scores | |
| 🧮 Spread | 4.5/5 |
| 🧮 Leverage | 4.7/5 |
| 🧮 Trading Platform | 4.5/5 |
| 🧮 Range of trading instruments | 4.2/5 |
| 🧮 Education Score | 4.7/5 |
| 🧮 Customer Service Score | 4.7/5 |
| 🧮 User Experience Score | 4.8/5 |
| 🧮 Trust Score | 4.7/5 |
| Social Media Pages | |
| 🔗 Official Facebook Page | https://www.facebook.com/forexmartofficial |
| 🔗 Official Twitter Page | https://twitter.com/ForexMartPage |
| 🔗 Official Youtube Channel | n/a |
| 🔗 Official Linkedin Page | n/a |
| 🔗 Official Instagram Page | n/a |
| 🔗 Official Website address | ForexMart.com |
| Senior Management | |
| 💼 Current CEO | Savvas Patsalides |
| * Intermediary and/or beneficiary bank fees may apply. | |
ForexMart Conclusion
Overall, ForexMart is considered a trustworthy, low-risk broker with leverage from 1:500, low fixed spreads from 0.0, minimal lot of 0.01, and a minimum deposit of $ 1 USD. Commission from $0 USD to $6 USD/ R96 ZAR
ForexMart is the trading name used by a regulated Cyprus Investment Firm, which is also a part of the brokerage firms’ group with an authorization license from CySEC. This gives it some authenticity.
The company offers attractive investment opportunities to traders of different sizes and strategies, along with a bonus program to reward their clients.
It offers the MetraTrader4 platform which is the most popular to use together with a choice of account types that caters to beginner and advanced traders.
ForexMart Disclaimer
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.
The Client should not risk more than he/she is prepared to lose. Before deciding to trade the Client must ensure that he/she understands the risks involved and considers his/her level of experience. The client may seek Independent advice or consultation when deems it to be necessary, according to research in South Africa.
#1 Broker in South Africa
High Bonuses, Now with Extra-Low Spreads
Trading Conditions
Trading Conditions
- MT4
- MT5
#1 Broker
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Frequently asked questions
Are ForexMart Brokers available for trading in South Africa?
Yes, ForexMart brokers do operate in South Africa
Is ForexMart a fake or a scam?
No. ForexMart is registered as a Cyprus Investment Firm located in Limassol, Cyprus, and regulated by SVGFSA.
How many instruments can I trade with ForexMart?
You can trade 111 different instruments with ForexMart, which include the following:
- Forex (floating spread)
- Forex (fix spread)
- CFDs on shares
- Spot metals
- Spot metals (floating spread)
- Cryptocurrency
- Indices
- Energy trading
Which platforms are supported by ForexMart?
MetaTrader4
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 is the overall rating out of 10 for ForexMart?
The overall rating for ForexMart is 7/10
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