Forex Mart Broker Review

Editor Editor:  Chris Cammack Updated: May 10, 2023
Author Author:  Jeffrey Cammack

Last Updated On May 10, 2023

Jeffrey Cammack
Broker Score
2.63 2.63 / 5
🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 17
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertMost retail CFD accounts lose money. Your capital is at risk.

Last Updated On May 10, 2023

Jeffrey Cammack

60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

Our verdict on Forex Mart

FXScouts does NOT recommend ForexMart due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds.

With only a little educational material to teach traders how to learn to trade successfully and a lack of transparency in the spreads and commissions, there is cause for concern. While ForexMart claims to have a fast withdrawal system, each withdrawal includes a fee that would not be applied at most other credible brokerages. Our primary concern with ForexMart, however, is their lack of credible regulation.

🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 17
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
100001/ 5
Trading Conditions
111003/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
100001/ 5
Education & Research
10.50001.5/ 5
Assets Available
111104/ 5
Customer Service
111104/ 5
Beginner Friendly
Poor
Welcome Bonus

Account Information

Base Currencies
EUR, USD
Number of FX Pairs
65
Crypto Pairs
19
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Acct

Trading Conditions

Account Name
Trading Desk
Commission
40 USD / lot (EURUSD)
EUR/USD
1.10 pips
GBP/USD
1.50 pips
USD/JPY
5.80 pips
Negative Balance Protection

Company Details

Company Name
Tradomart SV Ltd
Founded
2015
Website Language
English
Support Language
English
Office Locations
Saint Vincent

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AlertMost retail CFD accounts lose money. Your capital is at risk.
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Broker Score
2.63 2.63  / 5
Site Icon Data provided by FxScouts

Forex Mart Financial Regulation

Regulator License
Regulator License

Forex Mart Trading Cost Comparison

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