30% ForexMart Promo Code ➡️ ( ForexMart Bonus Code Referral)

The most redeemed ForexMart discount codes

ForexMart Coupon Codes

Account types

ForexMart offers 4 types of active accounts for its customers to choose from, and each has several benefits:

• Classic: minimum deposit of $ 15, commission 0, floating spreads from 1 pip
• Pro: minimum deposit of $ 200, commission 0, floating spreads of 0.6 pips
• Cents: minimum deposit of $ 15, 0 commission, floating spreads of 1 pip,
• 0 Spread: Minimum deposit $ 1, commissions from 0.02% to 0.07%, minimum spreads 0 pips (fixed)

Platforms

ForexMart offers the MetaTrader 4 platform, which customers can use via the web, desktop and mobile (iOS / Android) version, as they wish. This means that ForexMart customers have the flexibility to be able to trade at home or anywhere.

Leverage

The maximum leverage offered by ForexMart is 1: 500 competitive for Forex trading. This leverage provision is quite high compared to many brokers, so make sure you are using it with caution, as it can be detrimental to commercial losses as much as it can be a benefit to the accumulation of large profits.

For gold trading, the leverage allowance is 1: 100 and, for crypto trading, it is very low, set at 1: 2. The leverage of crypto trading is not competitive compared to what many brokers are offering However, 1: 500 for Forex is more than generous.

Commercial sizes

ForexMart requires customers to trade with minimum trade sizes of 0.01 lot and maximum of 1000 lots. The minimum requirement is standard and more than friendly, even for those dealing with small capital, and the maximum is very generous for those who want to trade large volumes. These requirements apply to all types of trading accounts, with the exception of the Cent account, which requires a minimum lot trading size of 0.01 cents and lots of 10,000 cents is the maximum.

Trading Costs

The FAQ page does not indicate commission rates for each type of trading account, so I spoke to the live customer support team, who seemed very confused by my question and repeatedly linked me to deposit and withdraw fees from the site. After a long time, we finally reached the bottom and we can say that ForexMart does NOT charge commercial commission fees.

Swap rates are listed on the website and vary according to the pair you are trading. As for Islamic account options (no exchange), they are also available upon request.

Active

ForexMart announces on the website that it offers more than 100 instruments for its clients to trade. ForexMart displays all available negotiable instruments (fixed and floating spread options depending on the type of account). Customers can trade CFD Forex, Cryptos and stocks, and there is also the option of Spot Metal Trading. Overall, ForexMart offers a very diverse range of instruments to trade, but what is really missing is in the crypto trading department, where only five crypts are available for trading.

Spreads

ForexMart offers fixed and floating spreads, depending on the option of the type of account and the currency pairs you are trading. All spreads (typical for floating and fixed) are displayed on the website, to save the opening of a demo account to see the specific spreads of each pair for each different type of account.

Minimum Deposit

The minimum deposit varies depending on the type of account, all displayed on the website, as shown below. We would say that even the biggest deposit requirement in the Pro account is appropriate and is not unreasonable compared to other brokers' requirements to start trading.

• Classic: Minimum Deposit $ 15
• Pro: $ 200 Minimum Deposit
• Cents: Minimum Deposit $ 15
• 0 Spread: Minimum Deposit $ 1

Deposit methods and costs

All deposit methods available on ForexMart can be found on the website:

• Bank transfer
• Card (Visa / Mastercard)
• Skrill
• Neteller
• PayCo
• FasaPay
• Qiwi
• UnionPay
• AliPay

All deposit methods are free of charge by the broker, however, there is an extract on the website to inform customers that they may be responsible for paying fees on the bank provider's side, although ForexMart, at the time it deems convenient, refund the fee to the customer.

Withdrawal methods and costs

All withdrawal methods and costs are defined on the website as follows:

• Bank transfer: 2.5% fee, min 2 USD
• Card (Visa / Mastercard): 2.50% + flat fee 3.50 USD / EUR
• Skrill: 1% (not more than 11.41 USD or 10 EUR). Transaction fee - 1.39%.
• Neteller: 2%
• PayCo: no fee
• FasaPay: no fee
• Qiwi: no fee
• UnionPay: 2%
• AliPay: 2%

Of course, always check with your banking service provider to confirm that you will be charged a fee on their side, as this is sometimes the case.

Withdrawal processing and waiting time

Withdrawal processing times are set on the website: PayCo, FasaPay, Qiwi, UnionPay and AliPay are processed within 48 business hours, while Skrill and Neteller can take one to seven days to process and then received. Bank and card transactions can take 2-4 business days to process. In general, these processing and waiting times are not competitive when some brokers offer instant withdrawal options. This broker has 0 instant withdrawal options, so make sure there is an option you are satisfied with before registering as an active customer at ForexMart.

Bonuses and Promotions

Although the ForexMart website does not clearly establish the bonus scheme they offer, customer service representatives can offer this information. They explained that the bonus scheme is not just a single offer, but a revolving product whereby customers who have a Classic or Zero Spread account can use a bonus each time they make a deposit. CLASSIC account holders can get an additional 20%, while ZERO SPREAD account holders can receive an additional 30% of the deposit each time they make a deposit.

Deposit bonus schemes are not exactly what they should be, nor are they as good as they appear at first glance, so read and fully understand all the terms and conditions associated with them before making use of these schemes.

Educational and commercial tools

ForexMart offers a variety of trading tools to help its clients, including: economic calendar, market analysis, economic news information, currency converter and a forex glossary. All of these tools are available for free on the website and are highly beneficial for all experienced and novice marketers.

Customer service

ForexMart operates its customer support 24/7. You can speak to a representative via live chat, email, phone, or callback request at an appropriate time. What is also even more convenient for some clients of this broker is that ForexMart offers customer support via Viber, Skype, WhatsApp and Telegram. These customer support channels offer customers a lot of flexibility, especially when they are on the move or negotiating on the go and need to speak to a representative in a more modern and convenient way.

Demo account

ForexMart offers live and demo account options. Whether you are an experienced and confident trader or not, it is always a good idea to use a demo account to try out the broker's foreign exchange service before moving on to the active account. Of course, while the demo reflects the trading conditions environment of the active account, it cannot take into account things like slippage, which can, of course, occur in live trading.

Accepted countries

Obviously, with respect to the fact that ForexMart is not regulated and that some jurisdictions do not allow their residents to use trading services, the following countries will not have access to a real trading account with ForexMart:

• United States
• North Korea
• Myanmar
• Cuba
• Sudan
• Syria

If your residency is not accepted, it will become apparent as part of the verification process when you are asked to send proof of photo identification and proof of document address.

Conclusion

ForexMart offers a fair amount of positive qualities in its trading services, such as leverage subsidy and 0 commissions, however, there are some questionable elements, such as deposit bonus schemes, that can really cause problems for customers if they do not fully understand how they work, and this can lead to aggressive trading and frequent deposits. Another problem with this broker is that he claims to have 24/5 customer support, but the live chat team stays OFF online most of the day, which indicates that this broker is not true to their word in an aspect that leads to a thinking: what else are they not 100% transparent? This uncertainty is also supported by the fact that the FAQ page and the website do not provide information about the deposit bonus scheme;