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🏦 Min. Deposit | USD 5 |
🛡️ Regulated By | FSA-St-Vincent |
💵 Trading Cost | USD 17 |
⚖️ Max. Leverage | 500:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4 |
💱 Instruments | Forex, Cryptocurrencies, Metals, Stock CFDs |
Last Updated On January 7, 2020
75-90% 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.
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. Deposit | USD 5 |
🛡️ Regulated By | FSA-St-Vincent |
💵 Trading Cost | USD 17 |
⚖️ Max. Leverage | 500:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4 |
💱 Instruments | Forex, Cryptocurrencies, Metals, Stock CFDs |
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