ForexMart Review
ForexMart in a nutshell
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.
FXCanary rates ForexMart at 27/100 scam risk (Moderate risk), based on regulation & licensing, fund-safety signals, company transparency, complaint history and real user feedback.
See the open scoring breakdown →
Pros
- 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
Cons
- 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)
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 “Guarded.” There are enough red flags that we’d urge caution before depositing.
On Trustpilot, ForexMart holds a real-user score of 2.0/5 across 11 reviews. Withdrawal problems appear 11 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.
What real traders report
Aggregated from 11 independent reviews across Trustpilot and Forex Peace Army.
- Withdrawals · 2 mentions
- Platform & app · 2 mentions
- Speed · 2 mentions
- Deposits & funding · 1 mentions
- Spreads & fees · 1 mentions
- Profit / payouts · 4 mentions
- Withdrawals · 4 mentions
- Platform & app · 3 mentions
- Spreads & fees · 2 mentions
- Deposits & funding · 2 mentions
Scam-risk findings
- Authorised by Tier-1 regulator(s): CYSEC
- 5 user exposure/complaint reports filed
- Withdrawal complaints in ~85% of recent reviews
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.