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Forexmart


 

   Company information

   Broker's name: Tradomart Ltd

   Website: www.forexmart.com

   Headquarted in Cyprus

   Regulated by: CySEC

   E-mail Address: support@forexmart.com  






ForexMart offers its clients a choice of two account types, except the demo one: ForexMart Standard and ForexMart Zero Spread. The main difference between the two accounts is that the Standard one is commission-free and offers fixed spread of 2 pips on majors, while the Zero Spread, as it name suggests, provides spreads as low as 0 pips on majors, and instead is charged a 2 pip commission fee.

ForexMart is a trading name of Tradomart Ltd. (previously Fxco Trading Ltd.), a Cypriot Investment Firm, regulated by CySEC. The company offers trading in Forex, CFDs on shares and spot metals through the most popular trading platform MetaTrader4.

Security of Funds

Tradomart Ltd., conducting its brokerage business as ForexMart, is duly licensed and regulated by the Cyprus Securities Exchange (CySEC, license number 266/15).

Furthermore, Tradomart Ltd. has a cross-border CySEC license, permitting investment and ancillary services under the European Financial Instruments Directive (MiFID) across the European Economic Area.

Minimum initial deposit 

ForexMart demands just 1 USD/EUR/GBP from its clients to start with.

Spreads & Commissions

ForexMart offers fixed spread amounting to 2 pips EUR/USD for its commission-free account. The other account provides spreads as low as 0.0 pips EUR/USD, but it involves a 2 pip commission fee. So, the spreads offered by this broker may be seem high, compared to the variable ones provided by others, however they are in line with fixed ones offered. 

Leverage

The maximum leverage offered by this broker is 1:1000, which is one of the highest levels in the industry. 

Trading Platform

ForexMart offers its clients the popular MetaTrader 4. This platform is preferred by most traders, because it enables you to track up to four charts simultaneously, trade directly from the chart and is equipped with a number of technical indicators, extensive back-testing environment and Expert Advisors (EA). 

Bonuses

This broker offers a Welcome bonus on deposit amounting to 30%, as well as no deposit bonus of up to 150 USD, which cannot be combined with other kinds of bonuses. It is also worth mentioning that the maximum leverage for clients who received a no deposit bonus is 1:200.

Methods of Payment

The broker accepts customer deposits and allows withdrawals via Credit card (Visa/Mastercard) and the following e-wallet systems: Neteller, Skrill, PayPal, Paxum.


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