ForexMart operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

Authorised by Tier-1 regulator(s): CYSEC
5 user exposure/complaint reports filed
Withdrawal complaints in ~85% of recent reviews

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	8	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	100	12%
Offshore registration	10	8%
Transparency (site/info/social)	28	10%
Real-user sentiment	70	8%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameInstant Trading EU Ltd.

Headquarters🇨🇾 Cyprus

Founded2020-05-29

Years operating5-10 years

Employees0

Official websiteforexmart.com

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods4 · Skrill, NETELLER

Withdrawal methods4 · Skrill, NETELLER

Instruments--

Registered address

Spetson 23A, Leda Court, Block B, B203, 4000, Mesa Geitonia, Limassol, Cyprus

Regulation & licenses · 2

Regulator	License type	License No.	Region	Status
CYSEC	Market Making License (MM)	266/15	Cyprus	Regulated
FSC	Market Making License (MM)	SIBA/L/14/1082	The Virgin Islands	Offshore Regulation

Account types · 3

Account	Max leverage	Min. deposit	Min. spread	Commission	EA
Platinum	--	€1,000,000	from 1,5	--	✓
Gold	--	€300,000	from 2	--	✓
Basic	--	€200	from 4	--	✓

Full reviewIn-depth editorial analysis

Review analysis AI

Rating mismatch — Industry-tracker scores run far higher than real users do (gap 1.77)

ForexMart is a CySEC-regulated retail broker with a dual regulatory status that includes an offshore FSC licence. Its high minimum deposits for premium accounts target affluent traders, but the fixed spreads are relatively wide. The broker’s 27/100 risk score suggests a guarded risk level, with CySEC oversight providing some protection, though the offshore registration and limited independent reviews warrant caution.

Best for

High-net-worth investors seeking EU-regulated fixed-spread accounts
Traders who prefer fixed spreads for cost predictability
Cliients needing Czech koruna (CZK) account currency

Not for

Traders with low capital (below €200)
Traders seeking variable spreads or ECN/STP execution
Traders wanting a broader selection of platforms (e.g., MT5, cTrader)

Period:

What users complain about

What users praise

Where reviewers are from

Hong Kong3

United Kingdom2

🇺🇸 US1

Vietnam1

France1

Italy1

Real user reviews

Where ForexMart operates

Active across 17 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇿🇦 South Africa

🇺🇸 United States

🇷🇺 Russia

🇩🇪 Germany EEA

🇮🇳 India

🇻🇳 Vietnam 1 complaint

🇮🇩 Indonesia

🇸🇬 Singapore

🇬🇷 Greece

🇳🇱 Netherlands EEA

🇧🇪 Belgium EEA

🇮🇱 Israel

🇨🇭 Switzerland

🇮🇹 Italy EEA

🇵🇰 Pakistan

🇯🇵 Japan

🇹🇭 Thailand

🇨🇾 Cyprus Licensed

🇭🇰 Hong Kong 3 complaints

🇵🇹 Portugal EEA 1 complaint

🇪🇺 Passported across 17 EU/EEA countries under its EU license.

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What ForexMart says about itself as stated by the broker · not independently verified by FXCanary

Account Types

ForexMart states it offers three account types: Basic (minimum deposit €200, fixed spreads from 4 pips, no commission), Gold (minimum deposit €300,000, fixed spreads from 2 pips, no commission), and Platinum (minimum deposit €1,000,000, no further details provided). All accounts are available in EUR, USD, and CZK, with Market Execution and a minimum lot of 0.01.

Trading Conditions

According to ForexMart, it provides fixed spreads starting from 4 pips on Basic and 2 pips on Gold accounts. The broker advertises 'the lowest average spreads in the market' with no hidden costs. Maximum leverage is 1:30 for retail clients, in line with MiFID rules. Negative balance protection and no deposit fees are highlighted.

Regulation & Safety

ForexMart claims regulation by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15, operating as Instant Trading Eu Ltd. The broker states it is a member of the Investor Compensation Fund (ICF) and adheres to MiFID directives. Additionally, the broker mentions an FSC registration in the British Virgin Islands, though this is not detailed on the main site.

Platform & Instruments

ForexMart offers MetaTrader 4 (MT4) for desktop, web, and mobile devices. The broker lists over 100 trading instruments including forex, shares, metals, and cryptocurrencies. It provides daily economic analysis for fundamental decision-making.

Deposits & Withdrawals

ForexMart states it does not charge deposit fees and reimburses deposit costs incurred by clients. Withdrawal fees vary by payment method. The broker reserves the right to debit compensated amounts if clients fail to meet conditions such as illegal activity or no trading activity.

About ForexMart

Company Overview

ForexMart is the trading name of Instant Trading Eu Ltd, a Cyprus Investment Firm incorporated in 2020 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15. The broker is based in Limassol, Cyprus, and holds an additional offshore registration with the Financial Services Commission (FSC) in the British Virgin Islands. Despite its recent incorporation, the CySEC license dates to 2015, indicating a prior operational history of the legal entity.

Regulatory Environment

ForexMart’s primary regulator, CySEC, provides a framework of investor protection under EU MiFID II rules, including membership in the Investor Compensation Fund (ICF) covering eligible retail clients up to €20,000. The broker also complies with negative balance protection and leverage limits (maximum 1:30 for retail). The additional FSC offshore regulation is less stringent and primarily serves international clients outside the EU.

Account Types and Minimum Deposits

ForexMart offers three account tiers: Basic (€200 minimum), Gold (€300,000 minimum), and Platinum (€1,000,000 minimum). The Basic account is designed for retail traders with fixed spreads from 4 pips and no commissions. Gold and Platinum accounts cater to high-net-worth individuals, offering tighter fixed spreads (from 2 pips) but requiring substantial capital. All accounts use Market Execution and are available in EUR, USD, and CZK.

Trading Instruments and Platforms

The broker provides access to over 100 instruments across forex, shares, metals, and cryptocurrencies, all offered as CFDs. Trading is executed exclusively on MetaTrader 4 (MT4), a widely used platform available on desktop, web, and mobile. ForexMart emphasizes its fixed spreads and claims no hidden costs, though spreads are wider than typical variable-spread brokers.

Fees and Deposits

ForexMart does not charge deposit fees and reimburses client deposit costs, but withdrawal fees vary by method. The broker reserves the right to claw back compensated fees if clients engage in illegal activity or fail to meet trading activity requirements. This policy introduces potential complexity for infrequent traders.

Overview compiled by FXCanary from regulatory records and public data. full ForexMart review