Is ForexMart a scam or a legit broker?

According to our research, ForexMart is not a secure broker.  The company had many issues with their clients in terms of the provided services and commitment to deliver fair trading conditions as well as the money management. Moreover, recently the ForexMart received an administrative fine of a €130,000 for unfair acts.

ForexMart is the trading name used by a regulated Cyprus Investment Firm Instant Trading EU Ltd, which is also a part of the brokerage firms group with an authorization license from CySEC. Registration Address/ License: Limassol, Cyprus. Regulated by CySEC – registration no. 266/15

About ForexMart
🗺️ Registered inCyprus
🗺️ Type of LicenseCySEC
🛡️ Is ForexMart safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

ForexMart Review

Lack of professionalism and honesty according to the interest of their clients. CySEC informed the public that ForexMark as a part of the brokerage group Instant Trading EU Ltd, which also operates InstaForex and InvestCity Retail FX brands didn’t follow the necessary regulation requirement as stated in the license, thus the company has to take corrective actions in relation to the services provided.

And as considered by the FPA the operation under the same license that is used by numerous brands is a fair confirmation of the scam auctions. The company offering covers attractive investment opportunities to the traders of different size and strategy, along with the advanced bonus program to reward their clients.

However, it were some cases while the client couldn’t receive claimed bonus or had issues with the withdrawals, corrective action in relation to use of leverage and more.

Overall, we do not recommend traders to involve into the risk and invest into trading with ForexMart due to its confusing actions and gap in reputation, it’s better to choose the reliable broker from the list of the Regulated Brokers that complies with the strictest rules and requirements to operate client’s trading. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.

You can also share your trading experience with ForexMart by commenting on this review.

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