ForexMart Review
ForexMart in a nutshell
ForexMart operates under a CySEC license with ICF membership, providing a regulated environment for EU clients, which places it in the low-risk category (FXCanary Scam Risk Score 21/100). However, the offshore FSC registration and the lack of independent user reviews introduce some uncertainty. The high minimum deposits for Gold and Platinum accounts limit accessibility, and the fixed spread structure may not suit all trading styles.
FXCanary rates ForexMart at 21/100 scam risk (Low risk), based on regulation & licensing, fund-safety signals, company transparency, complaint history and real user feedback.
See the open scoring breakdown →
Pros
- EU retail traders seeking a CySEC-regulated broker
- Traders who prefer fixed spreads and no-commission accounts
- High-net-worth individuals with large deposits (Gold/Platinum accounts)
- Clients wanting negative balance protection and ICF compensation coverage
Cons
- Traders needing variable or raw spreads
- Those with very small capital (under €200) or seeking micro accounts
- Traders requiring higher leverage than 1:30 (ESMA cap)
- Clients looking for a wide variety of deposit methods (limited info)
Regulation & licenses
Every licence on file for ForexMart, as cross-checked by FXCanary against public regulatory registries.
| Regulator | Type | Licence no. | Status | Country |
|---|---|---|---|---|
| CYSEC | Market Making License (MM) | 266/15 | Regulated | Cyprus |
| FSC | Market Making License (MM) | SIBA/L/14/1082 | Offshore Regulation | The Virgin Islands |
Account types & conditions
Account tiers and trading conditions on record for ForexMart.
| Account | Min. deposit | Max. leverage | Min. spread | Commission |
|---|---|---|---|---|
| Platinum | €1,000,000 | -- | from 1,5 | -- |
| Gold | €300,000 | -- | from 2 | -- |
| Basic | €200 | -- | from 4 | -- |
ForexMart is a forex and CFD broker based in Cyprus, with records dating to 2020-05-29. It reports oversight from CYSEC, FSC.
FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.
On Trustpilot, ForexMart holds a real-user score of 2.0/5 across 11 reviews. Withdrawal problems appear 3 times — always test a small withdrawal first.
Finally, beware of impersonation: we tracked 11 clone website(s) copying ForexMart. Always reach the broker through its verified official domain, never via links in ads or messages.
Scam-risk findings
- Authorised by Tier-1 regulator(s): CYSEC
- 5 user exposure/complaint reports filed
- 3 withdrawal-related complaints reported
Our scoring method is published in full and weighs regulation, fund safety, company age, clone reports, complaints and independent reviews. FXCanary takes no payment from any broker it rates.