In today’s ForexMart review, we are talking about this binary options trading broker that provides 24-hour customer service and support, 60 days of demo trading practice, and flexibility with installment plans. We are reviewing the platform’s main features, and a lot more.
As a forex and CFD broker, ForexMart operates with a CIF license by the Cyprus Securities and Exchange Commission (CySEC). In 2015, the company started its operation and sponsors HKM Zvolen, a Slovakian ice hockey team.
The ForexMart reviews online show that the broker is committed to providing a secure and competitive service. With access to award-winning software and daily market analysis, you’ll be able to trade on a variety of assets with confidence. You can trade currency pairs, shares, commodities, and cryptocurrencies.
ForexMart and MetaTrader4
ForexMart offers popular MetaTrader 4 (MT4) software, an advanced and easy-to-use trading tool millions worldwide utilize. The ForexMart review shows the MT4 system lets traders monitor several charts simultaneously, trade directly from the chart, and manage many open positions. Features include:
With 40 technical analysis indicators, you’ll have the power to analyze any stock. Plus, there is a website that you can use on a regular schedule. The intervals are 9 minutes long and there are:
- Live prices
- Full history of trades
- Available Markets
ForexMart offers 150+ different trading instruments, including:
- Index futures
- S&P 500 futures
If you are long in the forex game and are reading this ForexMart forex review to learn more about the broker, you probably know the latest information on 108 major and minor currency pairs. The good news is that ForexMart is available on your mobile device, computer, tablet, and smartwatch.
ForexMart Reviews Show You Can Trade Big
Cryptocurrencies are a popular choice among investing individuals and businesses. Bitcoin is the most widely accepted, but Ripple has its significance as well. There is spot gold, silver, crude oil, and natural gas. You can find indices like the NASDAQ and FTSE 100 in this article.
Pricing fluctuates based on what instrument you’re trading and is determined by the account types. Classic account spreads can be 1.2 pips for major currencies, but Pro account averages are only .8 pips.
Zero Spread investors also have commission-free trading on forex, but there is a cost of between 0.02% and 0.07%. There is a commission of $10 per lot for CFDs and cryptocurrencies, $40 per lot for indices, and $10 per round turn for energies.
ForexMart EU offers up to 1:30 leverage on major currency pairs. FX minors, indices, and spot metals are available up to 1:20, energies up to 1:10, CFD shares up to 1:5 and cryptocurrencies up to 1:2. For clients not in an EU country, the maximum leverage is up to 1:500.
ForexMart Mobile App
ForexMart offers a mobile app that is compatible with Android and iPhone devices. With the MT4 mobile, you can trade on the go, enjoy real-time quotes, analyze the markets and more! The advanced functionality also allows you to customize your charts in just a few taps.
The next part of our ForexMart review shows there is a wide range of payment methods, including cards, bank transfer, e-wallets and Bitcoin deposits. Note that certain payment methods may not be available in certain regions. However, most are processed either instantly or within 24 hours with no fees for deposit. PayPal is not an available payment system.
One of the benefits of the online broker is that it requires a minimal investment of just 1 Euro for foreign currency trading. This is a good option for people who are new to the game, since depositing that amount won’t be a problem.
There are various withdrawal methods available, most of which can be processed within 24 hours. ForexMart charges withdrawal fees, however. Debit card withdrawals are charged from 1.8% plus 0.05 EUR, Skrill and B2B Pay charge service fees starting at 1%, Sofort and bank wire have an average fee of 5 EUR, and Neteller charges a flat rate of 1 USD.
Our ForexMart broker review shows that the broker offers a demo account with up to $500,000 virtual balance. You can use the demo trading account to practice FX trading, or gain valuable experience in a risk-free environment.
Here’s how it works. ForexMart is fully compliant with the EU regulations on trading bonuses, which means we currently do not offer any deals. All promotions that come with a bonus, such as no deposit offers or welcome bonuses, are strictly prohibited. Demo contests are also illegal in the EU because they provide too much risk to traders who do not understand the financial markets.
You may find occasional offers on the non-EU site, however, including a 30% welcome bonus. Be sure to check our bonus terms and conditions for details.
Negative balance protection and CySEC-regulated financial guidelines mean you can trade with complete peace of mind. CySEC regulates ForexMart under license number 266/15.
Some websites allow traders worldwide to sell online, including in Canada, Indonesia, and Malaysia. However, they don’t have the same protections that a website based in the EU would have.
So, Is ForexMart A Good Choice For Forex Trading Online?
In the final part of this ForexMart review, we can see that the broker provides easy access to daily market analysis, economic news, and other educational tools. The broker even offers VPS hosting for traders who meet certain eligibility requirements. For non-EU clients, there’s a social trading tool that lets you connect with other investors and replicate successful strategies.