Home -
ForexMart -

Score

7.52 /10
Good

ForexMart

Cyprus

10-15 years

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

Regional Brokers

Medium potential risk

https://www.forexmart.eu

Influence

D

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index6.67

Business Index8.01

Risk Management Index8.90

Software Index9.32

License Index6.70

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Instant Trading EU Ltd.

Company Abbreviation

ForexMart

Platform registered country and region

Cyprus

Company website

X

Facebook

WhatsApp

  • 35795923053

  • 35795526329

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2025-07-02
  • The United KingdomFCA regulation (license number: 728735) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Survey

ForexMart

Cyprus

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Data Source WikiFX Data provide
Updated: 2025-07-02
ForexMart · Company summary
ForexMart Review Summary
Founded2015
Registered Country/RegionCyprus
RegulationCySEC; FCA(Suspicious Clone)
Market InstrumentsForex, stocks, spot metals, cryptocurrencies, energy, indices, commodities
Demo Account✅
LeverageUp to 1:30
SpreadFrom 4 pips (Basic account)
Trading PlatformMetaTrader 4
Minimum Deposit€200
Customer SupportLive chat
Phone: +357 250 57 236
Email: support@forexmart.eu

ForexMart Information

ForexMart, which was founded in 2015 and is regulated by CySEC, provides a wide range of trading instruments such as forex, stocks, cryptocurrency, and commodities. While it offers cheap spreads and no-commission Forex trading, its FCA registration claim is marked as a questionable clone.

ForexMart's homepage

Pros and Cons

ProsCons
Regulated by CySECSuspicious cloned licence with FCA
Multiple account typesWide spreads
Wide range of tradable instrumentsNo MT5
MT4 supportedHigh minimum deposit
Live chat support

Is ForexMart Legit?

ForexMart is legally regulated in Cyprus by CySEC, but its claim to be regulated by the FCA in the UK is identified as a suspicious clone. This means that it is not fully authorized by the FCA and may be employing a false or misleading claim.

Licensed EntityLicensed byLicensed InstitutionLicense TypeLicense NumberCurrent Status
Instant Trading EU LtdCyprusCyprus Securities and Exchange Commission (CySEC)Market Maker (MM)266/15Regulated
Instant Trading EU LtdUnited KingdomFinancial Conduct Authority (FCA)European Authorized Representative (EEA)728735Suspicious Clone
Regulated by CySEC
Suspicious clone FCA license

What Can I Trade on ForexMart?

ForexMart has a lot of different trading instruments, such as equities, spot metals, cryptocurrencies, energy, indexes, and commodities.

Trading InstrumentsSupported
Forex✔
Stocks✔
Spot metals✔
Cryotocurrencies✔
Energy✔
Indices✔
Commodities✔
Bonds✘
Options✘
ETFs✘
What Can I Trade on ForexMart?

Account Type

ForexMart has three categories of live trading accounts: Basic, Gold, and Platinum. Each one is made for a particular sort of trader, from novices to experts who trade a lot. It also lets you practice with a demo account.

Account TypeMinimum DepositSpread (Fixed)CommissionMin Lot SizeExecution TypeSuitable for
Basic€200from 4 pips00.01Market ExecutionBeginners, small retail traders
Gold€300,000from 2 pipsAdvanced retail traders, professionals
Platinum€1,000,000from 1.5 pipsInstitutional or high-volume traders
Account comparison

Leverage

ForexMart provides varying leverage levels based on the product category (up to 1:30). Higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.

Asset ClassMaximum Leverage
Forex1:30
Stocks (CFD)1:5
Spot Metals1:20
Cryptocurrencies1:2
Energy1:2
Indices1:20
Commodities1:10

ForexMart Fees

ForexMart's prices are average for the industry as a whole. For example, spreads are average for entry-level accounts and more competitive for higher-tier accounts. Trading without commissions helps keep expenses down, but swap rates (overnight fees) do apply.

ForexMart Spreads

The Basic Account offers the biggest spreads (e.g., ~60-200 pips on Forex) with no Forex commission, making it ideal for beginners. Active traders benefit from the Gold Account, which minimizes spreads (e.g., ~40-180 pips on Forex) and commissions (e.g., stocks ~0.70%). Platinum Account is suitable for high-volume or professional traders, as it provides the tightest spreads (e.g., ~40-180 pips on Forex) and the lowest commissions (e.g., stocks ~0.15%).

Trading SymbolBasic SpreadGold SpreadPlatinum Spread
CHF/HUF60 pips40 pips40 pips
CHF/JPY100 pips80 pips70 pips
CHF/MXN200 pips180 pips180 pips
CHF/NOK110 pips90 pips90 pips

Swap Rates

ForexMart charges standard swap rates (long/short) on overnight positions, varying by instrument. Example swap rates (AUD/CAD on Basic account): Long: -0.53; Short: -0.12.

Swap Rates

Non-Trading Fees

Non-Trading Fees Amount
Deposit Fee 0
Withdrawal Fee Varies by method
Inactivity Fee Not mentioned

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 4✔Mac, Windows, Mobile (iOS, Android), WebBeginners
MetaTrader 5✘—Experienced traders
MT4

Deposit and Withdrawal

ForexMart doesn't impose deposit fees, and in some cases, it will even pay back the price of deposits. The fees for withdrawing money depend on how you pay. The minimum deposit for a Basic Account is €200.

Deposit Options

Deposit MethodMinimum DepositDeposit FeesDeposit Time
MasterCard€2000Processed within 24 hours
Bank WireWithin nearest working day
Skrill (Moneybookers)Processed within 24 hours
Neteller

Withdrawal Options

Withdrawal MethodWithdrawal FeesWithdrawal Time
MasterCard1 EUR/USDProcessed within 24 hours
Bank Wire (SEPA)≤20k EUR → 20 EUR; >20k EUR → 0.1% feeNot mentioned (likely 1–7 hours)
Skrill (Moneybookers)Minimum 1%Processed within 1–7 working hours
NetellerMinimum 1 USD
Deposit
Withdrawal

News

NewsGBP/USD Forecast: Navigating the Market's Ups and Downs

Analyzing Key Signals in the GBP/USD Currency Pair

WikiFX
2024-01-03 18:23
GBP/USD Forecast: Navigating the Market's Ups and Downs

NewsExports from China increased for the first time in 6 months

In November, the volume of Chinese exports increased for the first time in six months, and this is due to the active actions of Chinese factories, which began to attract buyers with discounts to cope with the ongoing decline in demand.

WikiFX
2023-12-08 13:56
Exports from China increased for the first time in 6 months

NewsOPEC forecast supported the oil market

Oil prices increased their growth on Monday evening after the publication of an updated OPEC forecast regarding the prospects for global fuel demand. The current price of Brent oil is $82.80 per barrel. Before the forecast was published, the asset was trading near $80.50.

WikiFX
2023-11-21 11:31
OPEC forecast supported the oil market

NewsUSD overcomes obstacles amid expectations of soft landing for US economy

The US currency confidently started the week, gaining ground and surpassing the euro. The stability of the dollar, which is carefully overcoming obstacles, is supported by expectations of a soft landing for the US economy.

WikiFX
2023-10-31 11:16
USD overcomes obstacles amid expectations of soft landing for US economy
About More

User Reviews

More

User comment

6

Comments

Write a review

Quket
more than one year
ForexMart has competitive spreads that make trading more affordable, and their minimum deposit requirement is pretty reasonable too. They're a solid choice for traders who want to keep costs low while still having access to a wide range of markets.
ForexMart has competitive spreads that make trading more affordable, and their minimum deposit requirement is pretty reasonable too. They're a solid choice for traders who want to keep costs low while still having access to a wide range of markets.
Translate to English
2024-07-16 18:44
Reply
0
0
huly
more than one year
The platform allows for the use of trading bots and generally processes withdrawals quickly, but I've noticed some inconsistencies with their terms, especially concerning profit withdrawals from affiliate earnings. Take care, anyway.
The platform allows for the use of trading bots and generally processes withdrawals quickly, but I've noticed some inconsistencies with their terms, especially concerning profit withdrawals from affiliate earnings. Take care, anyway.
Translate to English
2024-06-21 17:54
Reply
0
0
1