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Our analysis of ForexMart found that the broker offers four different types of accounts for international clients and five different types of accounts for EU traders.
The Classic account is, as the name suggests, the most popular choice for most traders. This account has a minimum spread of a pip and a minimum deposit of just $ 15. It is also free, making it perfect for all types of traders.
The ForexMart Cents account works in almost the same way as the Classic account. In fact, the entry barrier is the same, however, it offers lots of cents. Because of this, our review team found that this ForexMart account is ideal for beginners.
You can also choose to sign up for a Pro account, which has a minimum deposit of US $ 200 for international customers or US $ 1,100 for EU customers. In exchange for a higher minimum deposit limit, you receive a minimum spread of 0.6 pips and no commission fee. The broker also offers the Zero Spread account, which means that there is a fixed spread of zero pip, with a minimum deposit of US $ 1.00 to open the account. There is a minimum commission of 0.02%, which extends to 0.07% in the high end. These are extraordinarily small commissions and can save a ton of money for the trader in the long run.
EU customers can also benefit from the ForexMart scalping account. This has a minimum deposit of $ 111 and a minimum spread of zero pips.
There are also opportunities to open a demo account, which allows traders to practice their trading strategies and see how the platform works. In addition, ForexMart also offers a non-exchange Islamic account for those who need to do this for religious reasons.
ForexMart trading costs
As mentioned earlier, most trades are facilitated by the spread and the costs are quite low in this regard. Spreads are small, which saves a lot of money for the average retailer.
ForexMart.com does not charge any deposit fees. In fact, this broker even reimburses the deposit costs incurred by customers with their payment provider. There are, however, fees for withdrawals. This varies depending on the payment method used, but none costs more than 2.5%.
Considering all of this, our reviewers found that their trading costs at ForexMart are minimal, especially compared to other similar brokers.
ForexMart payment methods
ForexMart.com offers you the choice of several different payment methods, including bank transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay and AliPay.
To deposit in your account, simply access the customer area, login and click on the chosen payment method. All deposits are processed within 24 hours, in addition to bank transfers that take between 2 and 4 business days.
You can also withdraw using the methods mentioned above. Withdrawals are usually processed within 48 hours, but those made by bank transfer still take between 2 and 4 business days. If you want a faster withdrawal option at ForexMart, our reviewers recommend that you choose Neteller or Skrill. These e-wallet services allow you to withdraw within 7 hours.
ForexMart trading bonus
ForexMart offers a generous bonus to all new international traders. It is credited to you when you make your first deposit and offers an excellent opportunity to explore everything the broker has to offer.
Unfortunately, this bonus is not available to EU traders due to regulations.
ForexMart trading platforms
Our ForexMart reviewers found the broker's website intuitive. Before registering, you can easily find all the necessary information, such as account types, payment options and tools available.
Opening an account at ForexMart is also simple. You can do this in a few minutes, but note that you will need to verify your account before starting to trade. You can do this by providing the broker with proof of identity, such as a passport or other identification document.
After registering with the broker, you will have access to one of the most popular trading platforms in the world, MetaTrader 4. This is a great benefit for beginning traders, as MT 4 is easy to use and experienced traders, who are you're probably already familiar with the platform. MetaTrader 4 allows the use of robots and offers more than 40 technical indicators.
If you do not wish to download the MetaTrader 4 desktop platform, you can also trade via ForexMart for Web Terminal. It is also equipped with MT 4 and can be started from your internet browser. You can place all types of orders on this platform, but it is worth noting that this version does not have the same tools as MetaTrader 4.
Compatibility with mobile devices
Our ForexMart broker review team was pleased to find that the site works well on mobile devices. Although it is not as easy to navigate as on the desktop, it is still fast to load. This makes it easy to check news and quotes in real time, and you also have access to all the broker's educational materials when on the go as well.
As ForexMart uses MetaTrader 4, you can also trade whenever and wherever you want using the MT 4 mobile app. It is available on iOS and Android devices and has long been considered the best mobile Forex trading platform in existence. Even on mobile devices, the graphics platform is top notch and can run the same kind of indicators that you can use on the desktop.
Education and training
Our reviewers were a little disappointed with ForexMart's education and training facilities. The broker offers a glossary of terms, a short video for novice traders and instructions on how to load an EA on the trading platform. Unfortunately, they do not offer webinars or longer video guides.
Although its learning services may be unsuitable for beginners, ForexMart offers a variety of other tools, such as news, market analysis and an economic calendar. They are very useful for all types of traders, as following global events can provide information on how to trade.
ForexMart customer support
ForexMart.com offers extensive support across multiple channels. You can contact the broker via email, phone, WhatsApp, Skype, telegram and Viber. You can also request a callback and all support options are available 24/5.
During our review of ForexMart, we contacted the broker's customer support agents several times. We always found that our questions would be answered completely and quickly, exactly what you want from a trusted Forex broker.
ForexMart - Our verdict
Although ForexMart is relatively new to the industry, our reviewers have found that they are already offering an impressive experience. They offer hundreds of markets, types of accounts suitable for all types of traders and access to the best trading platforms in the industry.
In general, we recommend ForexMart for novice and veteran traders and everyone else. Although the broker's educational resources are limited, the free demo account and low minimum deposit limits are perfect for those looking to practice their trades. More experienced traders will also love the fact that they access the CFD market, use robots and benefit from low rates.
Sign up for ForexMart via desktop, mobile or tablet now to start trading with a reliable and competent broker.
ForexMart Frequently Asked Questions
Is ForexMart a regulated broker?
Yes, ForexMart is regulated by several respected authorities, including CySec and SVGFSA.
What types of accounts does ForexMart offer?
ForexMart offers several account options, each suited to different trading styles. You can choose between Classic, Cents, Pro and Zero Spread accounts. The broker also offers demo accounts and Islamic accounts available.
Does ForexMart offer a bonus?
ForexMart rewards all new international customers with a generous welcome bonus. It is available when you make your first deposit on the website. Unfortunately, EU traders cannot benefit from this bonus due to regulations.
What is the minimum deposit on ForexMart?
At ForexMart, you can open an active account and start trading with just $ 1.
Is ForexMart safe?
ForexMart is a well-regulated and reliable broker. All client funds are held in segregated accounts and are protected by insurance policies. The website itself uses SSL encryption technology to protect your data and all payments are made using secure banking methods.
Who is ForexMart discount coupon?
At 1001couponcodes.ca we believe that getting a discount is much more fun! So we offer the best discount coupons ForexMart for free. Together we also provide special offers, links, exclusives and many promotions totally at no cost to you.
On our coupon site you can find ForexMart special offers and deals ForexMart, plus thousands of offers from the largest and best online stores in Canada and the world, we filter only the most trusted stores with good customer service. We also check out store specials and make them available to our most special readers. You can make your purchase at ForexMart and get a discount using the ForexMart discount coupons that we update daily.
We usually highlight coupons that are valid for the entire store, in percentage and then fixed value.
Our goal at 1001couponcodes.ca is to follow the whole internet and publish on this portal all the savings opportunities when it comes to buying, either in the form of discount coupons or event offers. Through discount coupons, our readers get exclusive discounts on their purchases at ForexMart and thousands of other establishments. Our site is free, here nobody pays anything to use a discount coupon!
The ForexMart discount coupon (also known as a voucher, gift certificate, discount voucher, promotional coupon, discount code, or promo code) are codes used by online stores to convince undecided customers to complete their purchase. If you enjoyed the discount offered by our coupons, we recommend that you checkout immediately as they have very limited validity.
How to use this discount coupon ForexMart?
The ForexMart coupon can appear in two ways, a code to enter in the shopping cart during checkout, or a specific link that applies an automatic promotion or redirects to a special offers page. Here's a walkthrough to understand how to use the discount coupon ForexMart:
- click on "get coupon";
- copy (ctrl + c) the coupon code and click "go to store";
- Some coupons are available in link format, so be smart, because when you enter the store you should realize the discount applied to the products;
- navigate to ForexMart and choose the product you want. put it in the shopping cart, paste the coupon (ctrl + v) into the field called "discount coupon" or "gift card";
- see if the discount was applied correctly. the best coupons expire soon, so we recommend finalizing your purchase.
- If you enjoyedTell everyone how you got a discount on ForexMart!
What is a ForexMart coupon code?
A coupon code from ForexMart is a alphanumeric code that you use to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or voucher. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
How can I use a ForexMart coupon code?
An action code or promotional code from ForexMart Can be used in two ways. The first way is by simply clicking on "SHOW CODE", copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on 'VIEW OFFER', you will then be redirected directly to the webshop and the discount will be applied automatically.
How do you find a couponcode at mycouponcodes.us? First of all, look for the desired store in the search bar at the top of this page. Are you looking for a particular product or brand? Then you can type it in the search bar. You can also find your desired webshop in our "SHOPS A-Z" or "CATEGORY" overviews. If you've come to our webshop page, choose a coupon code or offer you'd like to use.
- Copy the couponcode from ForexMart by clicking at "SHOW CODE" or "VIEW OFFER"
- Does a coupon code appear? Then you can copy the code by clicking at the button "COPY"
- Does the modal not show a coupon code? Then you can click directly in the big blue button "VISIT ForexMart
- On the ForexMart website select one or more products and place it into the shopping basket. When you are finished, then have a close look at the basket. Just before the actual checkout, there is somewhere the option to enter an action code, promo code, voucher or coupon code. You paste (CTRL + V) here the previously copied code and the discount is applied immediately.
- Please check if the discount has been applied correctly, as it may occur once you're just late and the coupon code has expired. It may also be that the coupon code is only valid for a particular product. In that case, you can just get a new coupon code from our website. It is therefore important that you read the terms of the coupon code.
- Successfully? Then share our Coupon Codes, promotional codes, promotional codes and offers with your friends and family, so they can also make use of additional discounts.
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