ForexMart Review 2023

2.5 / 5
ForexMart is #105 in our CFD broker rankings.

ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.

Forex, shares, indices, commodities, cryptocurrency
30% welcome bonus (non-EU traders only)
Credit Card, Neteller, Wire Transfer, Visa, Skrill
and 4 more
Forex Trading

Trade on an excellent range of popular and emerging forex pairs.

Stock Trading

Trade shares in 43 companies, including Microsoft and Apple.

CFD Trading

Start leveraged CFD trading on the financial markets.

Crypto Trading

Trade cryptocurrencies against the US Dollar with 1:2 leverage.

ForexMart offers the MT4 desktop, mobile and web terminal on several competitive accounts. If you want to login and trade with ForexMart, our broker review explores the key features, including leverage, minimum deposits and bonus deals. We’ll also cover regulations and security, to help you determine if ForexMart is safe or a scam.

ForexMart Headlines

ForexMart is a brand name of Instant Trading EU Limited, a forex and CFD broker based in Cyprus. The company has been in operation since 2015 and holds a CIF license with the Cyprus Securities and Exchange Commission (CySEC). ForexMart also holds a sponsorship deal with HKM Zvolen, a Slovakian ice hockey team.

In addition to building its reputation, ForexMart is committed to providing a secure and competitive service to clients. Users can trade on currency pairs, indices, shares, commodities and cryptocurrencies, with access to award-winning software and daily market analysis.

MT4 Trading Platform

ForexMart offers the renowned MetaTrader 4 (MT4) platform, a powerful and user-friendly trading tool used by millions worldwide. The system allows traders to track several charts simultaneously, trade directly from the chart and manage multiple orders. Features include:

ForexMart MetaTrader 4
ForexMart MetaTrader 4

You can download the ForexMart MT4 platform directly from the broker’s website, once you have completed the account registration process. The web-based version of the platform is available for non-EU clients only.


There are over 150 online trading instruments available at ForexMart, including:

Spreads & Commission

Pricing varies depending on what instrument you are trading and is determined by the six different account types on offer. Floating spreads in the Classic account are around 1.2 pips for major forex pairs such as EUR/USD, whilst Pro account spreads average around 0.8 pips for the same pair.

Commission-free trading is also available on forex but the Zero Spread account charges between 0.02% and 0.07%. There is also a 0.10% commission on CFD shares and cryptocurrencies, a $10 fee per lot on indices and $40 per lot on energies.


The maximum leverage available at ForexMart EU is 1:30 on major forex 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. Non-EU clients can leverage up to 1:500.

Mobile Trading

ForexMart delivers the MT4 mobile app for Android and iPhone users. As with the online desktop platform, the mobile cabinet boasts some impressive features, including real-time quotes, technical analysis tools, financial news and a full set of trade orders. The advanced functionality also allows users to customise and configure their charts in just a few taps.

ForexMart mobile app
ForexMart mobile app



ForexMart offers a good range of deposit methods, including cards, bank transfer, e-wallets and Bitcoin deposits. Note that some payment systems may be unavailable in certain regions. Most methods are processed either instantly or within 24 hours and ForexMart does not charge any deposit fees. PayPal is not available.

The online brokers offers a competitive minimum deposit of just 1 Euro / US Dollar, making it a good option for beginners.


Most of the same methods are available for withdrawals and are usually processed within 24 hours. ForexMart does charge withdrawal fees, however. Card withdrawal fees are 1.8% + 0.05 EUR, Skrill and B2B Pay are charged from 1%, Sofort and bank wire from a minimum of 5 EUR and Neteller from 1 USD.

Demo Account

ForexMart offers a demo account where you can trade with up to a $500,000 virtual balance. The demo account is ideal for new or experienced traders who want to learn FX trading or improve skills in a risk-free environment.

ForexMart Bonuses

As per strict regulations around trading bonuses in the EU, ForexMart does not offer any deals at this time. This includes any no deposit bonus deals, welcome bonus promotions or demo contest opportunities.

You may find the occasional offer on the non-EU site, however, including a 30% welcome bonus. Make sure to check the bonus terms and conditions for details.

Regulation Review

Instant Trading EU Ltd is a Cyprus Investment Firm (CIF), regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15. CySEC ensures that CIF firms follow strict financial guidelines in accordance with EU law, including client money protection through the Investor Compensation Fund. ForexMart also offers negative balance protection.

Note, the non-EU website accepts traders from around the world, including Canada, Indonesia and Malaysia, but regulatory protection is limited.

Additional Features

ForexMart offers a modest range of education resources, including daily market analysis and economic news. There’s also an interactive economic calendar and a forex calculator, plus a trading glossary. In addition, the broker offers free VPS hosting for traders who meet certain eligibility requirements. For non-EU clients, there’s also a social and copytrade tool that allows you to connect with other users and replicate successful trading strategies.

ForexMart economic calendar
ForexMart economic calendar

ForexMart Accounts

ForexMart offers 6 live account types: Classic, Pro, Cents, Zero Spread, Scalping and Standard. Note that only the Classic, Pro, Cents and Zero Spread accounts are available for non-EU clients.

Each account offers certain characteristics and conditions to suit different trading strategies. For example, the Zero Spread and Scalping accounts are only for trading forex symbols. The minimum lot size is 0.01 across all accounts and minimum deposits range from €1 for the Zero Spread account to €1,000 for the Pro account.

ForexMart also offers Islamic swap-free accounts, which are available upon written request.


There are several reasons to trade with ForexMart:


There could be improvements in some areas:

Trading Hours

Trading times vary and depend on the asset traded. For example, trading hours for CFD shares are 15:30 – 22:00 GMT+2 (GMT+3 DST) Monday to Friday. You can find specific trading sessions in the MT4 platform, by clicking on the instrument in Market Watch.

Customer Support

There are plenty of ways to get in touch with ForexMart, including telephone and email, as well as live chat services via Facebook, Skype or Whatsapp. The customer support team is available from 08:00 to 17:00 UTC +2.

Security Review

The MetaTrader 4 platform is the world’s most trusted trading software, which adheres to the highest security standards to protect data exchange. This includes SSL encryption codes as well as RSA digital signatures. In addition, users have the option to apply two levels of login security.

ForexMart Verdict

ForexMart offers some good trading opportunities with various account types, starting from a low $1 minimum deposit. Traders also benefit from a range of good deposit and withdrawal options, as well as CySEC regulation. However, other than MT4 there’s no choice of trading platforms, which might deter some professional traders.

Accepted Countries

ForexMart accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use ForexMart from United States, Korea, Sudan, Cuba, Syria.

Payment Methods

ForexMart Details

Minimum Trade 0.01 Lots
Regulated By CySEC
Account Types
  • ECN
Islamic Account Yes
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Guaranteed Stop Loss No
  • Gold
  • Natural Gas
  • Silver

CFD Trading Details

FTSE Spread 0 fixed
GBPUSD Spread 0.8
Oil Spread 0 fixed
Stocks Spread Variable
Leverage 1:30

Forex Trading Details

GBPUSD Spread 0.8
EURUSD Spread 0.8
EURGBP Spread 1.2
Assets 100+

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP

Top 3 Alternatives to ForexMart

Compare ForexMart with the top 3 similar brokers that accept traders from your location.

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex
  3. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of day trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets

ForexMart Comparison Table

Compare ForexMart With Similar Brokers
ForexMart IG Group World Forex Kwakol Markets
Rating 2.5 4.4 4 4.5
Markets Forex, shares, indices, commodities, cryptocurrency CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $1 $0 $1 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus 30% welcome bonus (non-EU traders only) 100% Deposit Bonus
Education No Yes No No
Platforms MT4 MT4, AutoChartist, TradingCentral MT4, MT5 MT4, MT5, cTrader, AutoChartist
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:1000 1:1000
Payment Methods 9 6 10 4
Visit Visit Visit Visit
Review IG Group
World Forex
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by ForexMart and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare ForexMart Trading Instruments
ForexMart IG Group World Forex Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes No No
Options No Yes No No
ETFs No Yes No No
Bonds No Yes No No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

ForexMart vs Other Brokers

Compare ForexMart with any other broker by selecting the other broker below.


Customer Reviews

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ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.


Is ForexMart a scam? 

ForexMart is an authorised and regulated firm in the EU and is transparent with its pricing and services on the website. It is unlikely to be a scam, but it’s worth checking online reviews for clarity.

Does ForexMart offer a no deposit bonus in 2023? 

ForexMart EU currently does not offer any deposit bonus deals, but traders can check the non-EU website for any future deals.

Is ForexMart regulated? 

ForexMart EU is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 266/15.

How do I open a ForexMart account?

You can register for an account by filling in the short registration form on the website. Once you have verified your identity, you will then be able to log straight into the trading cabinet area via your client or partner login.

Is ForexMart available in Asia? 

Yes, ForexMart offers is services to several countries in the Asia region, including Indonesia, Malaysia and Singapore.

Can I trade with ForexMart from Canada? 

Yes, clients from Canada are accepted at Note that US clients are not accepted.