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Forex Mart Broker Review
Updated: November 24, 2024
Last Updated On November 24, 2024
2.63
/ 5
| 🏦 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 |
FxScouts does NOT recommend ForexMart due to insufficient regulation.We suggest you continue your search using our approved brokers list.Last Updated On November 24, 2024
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.
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. 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 |
Overall Summary
Deposit & Withdrawal Methods
Supported Platforms for Forex Mart
Account Information
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Company Details
Deposit & Withdrawal Methods
Supported Platforms for Forex Mart
Editorial Team
Chris Cammack
Head of Content
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison Heyerdahl
Senior Financial Writer
Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.
Ida Hermansen
Financial Writer
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
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FxScouts does NOT recommend ForexMart due to insufficient regulation.We suggest you continue your search using our approved brokers list.
2.63
/ 5
Data provided by FxScouts
Forex Mart Trading Cost Comparison
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