ForexMart

## Broker Details ForexMart is a forex broker that has been operating since 2015. However, there have been concerns about its legitimacy as it operates under the same Cysec license as InstaForex, which is already considered to be a scam by the Forex Peace Army (FPA). It is important to read ForexMart reviews and share your experiences dealing with this broker. - Minimum Trade Size: 0.01 - Maximum Leverage: 500:1 - Minimum to Open Live Account: $1 - Established: 2015 - Address: Shamrock Lodge, Murray Road, Kingstown, Saint Vincent And Grenadines - Contact: [email protected], 44 203 5751 513 - Regional offices: N/A - Regulators: N/A - Prohibited countries: N/A - Trading platforms: MT4, WebTrader, MobileTrader (Mobile App) - Web Trading: ✅ Yes - Mobile Trading: ✅ Yes - ECN: ✅ Yes ## Trading Conditions ForexMart offers a range of trading instruments, including over 105 currencies, 65 cryptocurrencies (such as Bitcoin, Litecoin, and Ethereum), and 5 CFDs (including Gold, Silver, and Stocks). The broker also allows the use of EAs/Robots, news trading, and scalping strategies. ## Deposit and Withdrawal Methods ForexMart provides various deposit and withdrawal methods, including Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Alipay, FasaPay, Neteller, PayCo, Qiwi, Skrill, and UnionPay. ## Pros and Cons Pros: - Low minimum trade size - Wide range of trading instruments - Multiple deposit and withdrawal methods - Allows the use of EAs/Robots and news trading - Scalping is permitted Cons: - Operates under the same Cysec license as InstaForex, which is considered a scam by the FPA - Lack of transparency regarding regulators and regional offices ## Safety Check Given the concerns raised about ForexMart's legitimacy and its association with InstaForex, it is crucial for traders to exercise caution when considering this broker. It is advisable to thoroughly research and read reviews from other traders before opening an account. Additionally, it is recommended to choose a broker that is regulated by a reputable authority to ensure the safety of your funds. ## FAQ Q: Is ForexMart a scam broker? A: There have been concerns about ForexMart's legitimacy, as it operates under the same Cysec license as InstaForex, which is considered a scam by the FPA. Traders should exercise caution and conduct thorough research before dealing with this broker. Q: Can I use EAs/Robots with ForexMart? A: Yes, ForexMart allows the use of EAs/Robots for trading. Q: What deposit and withdrawal methods does ForexMart offer? A: ForexMart provides various deposit and withdrawal methods, including Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Alipay, FasaPay, Neteller, PayCo, Qiwi, Skrill, and UnionPay. Q: Is scalping allowed with ForexMart? A: Yes, ForexMart permits scalping strategies. Please note that the above information is based on the available details about ForexMart. It is essential to conduct thorough research and read reviews from other traders before making any decisions. Your feedback about your experience with ForexMart can be shared on the forexroboteasy.com website. Disclaimer: This review is an independent assessment of ForexMart and does not contain any personal recommendations or conclusions about the use of this broker. The text is written in the third person to maintain objectivity.