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ForexMart is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
ForexMart accepts clients from all over the world, excluding USA, North Korea, Sudan, Syria and some other regions.
Forex broker offers the following underlying assets for trading.
| 65+ Currency Pairs | Based on major and minor world currencies. |
| 18 Crypto Pairs | Based on Bitcoin, Ethereum, Litecoin, Ripple, Uniswap, Chainlink, Filecoin, Polkadot, Doge, Cardano, Aave, Dash, EOS, Monero, Solana, Stellar, Tron, Zcash. |
| 13 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 250+ Stock CFDs | Based on shares of US, UK and EU companies. |
ForexMart is an offshore forex & CFD broker registered in Saint Vincent and the Grenadines. The broker offers a wide range of instruments and supports trading on the classic MetaTrader 4 (MT4) platform, which should already be familiar for the vast majority of forex traders.
It’s worth noting that as an offshore forex broker, ForexMart is not regulated by any government authority. As such, depositing money with it comes with certain additional risks, such as the risk of loss of deposits if the broker goes bankrupt. As always, we therefore urge everyone to do their own thorough research before depositing money with this or any other broker.
ForexMart stands out from many of its competitors with the strong lineup of awards it has received over the years. This includes International Investor’s ‘Best Trading Conditions’ award for 2020, International Finance Magazine’s ‘Best New Broker in Europe’ award for 2016, and Global Business Outlook’s award for the ‘Best Forex Newcomer’ for 2016, to mention just a few.
Looking at the trading instruments that are offered by ForexMart, we can see that there is something for pretty much everyone here. The broker offers more than 65 forex pairs, 18 crypto pairs, 13 major stock indices, and stocks from more than 250 companies listed in the US and Europe. In addition, precious metals, oil and natural gas can also be traded here.
All of the trading instruments offered can be traded on either one of the four account types ForexMart has: Classic, Pro, Cent, or ZeroSpread. The first three of these account types are typical STP (straight through processing) accounts with commission-free trading and wider spreads, while the last account type is an ECN (electronic communications network) account with tight spreads starting from 0 pips and commissions on all trades from $6.
As always, the best deal for professional traders who are trading with larger accounts will be the ECN-style ZeroSpread account. On the other hand, beginners who are only trading with small accounts should choose one of the STP accounts so they can avoid having the commissions eat up a significant chunk of their winnings.
To get help from a ForexMart customer support agent, clients can use email, call a UK phone number, or use the popular messaging apps Skype, Viber, Telegram or WhatsApp. A nice extra benefit here is that direct email addresses to the various departments have been provided by the broker. This makes it easy to reach for instance the dealing desk directly for any trading-related inquiries, or the customer verification team for problems during the sign-up and ID verification process.
The broker states on its website that its support team is available 24 hours a day, Monday to Friday, which we of course appreciate.
In summary, we think it should be mentioned that although ForexMart is an offshore and unregulated broker, it has been in business since 2015. This means that it has already built up a certain track record, and many traders have experiences with this broker.
Based on the information we have, there have not been any major issues with the broker reported by former or existing clients. As a result, this could be a broker to at least keep an eye on for traders who want access to high leverage and a range of instruments on MT4.
At first I didn't pay much attention to this broker. But then I noticed that they launched new improved account types, the Smart Dollar system, launched a new contest, and even received a new award. So, the company does not stand still and continues to develop and improve its conditions. The site contains fresh analytics, economic news and, in general, a lot of useful information. I opened an account a month ago to try my hand, and I am quite satisfied with trading, although it is still too early to speak about the results.
