ForexMart has been online since 2015 in Cyprus. It is regulated by Cyprus Securities and Exchange Commission (CySEC). They offer CFDs on shares, trading in Forex, and spot metals via the MT 4 trading platform.
With this broker you have the option of two account types. They also have a demo account that allows you to take the trading broker for a spin before giving it a real shot. He other accounts are the standard and zero spread.
To start with this account you need a minimum initial deposit of $1. It has fixed spreads for the commission free account. The zero spread account offers 2 pip commission fee. It uses the MT 4 trading platform.
The platform allows you to simultaneously track up to 4 charts, directly trade from the chart, and has a number of technical indicators. It also features expert traders and an extensive back-testing environment.
They offer a maximum leverage of 1:1000. The leverage is among the highest which allows the traders to multiply their profits on a deposit. However, this means that the trader can also potentially incur heavy losses.
It has a welcome bonus of about 30% of the amount you deposit in your account. Once you receive the bonus the maximum deposit becomes 1:200.
You can make deposits and withdraws via NETELLER, PayCo, Skrill, Cashu, Ukash, Webmoney, China Union Pay, Visa/MasterCrad, Bank wire, Megatransfer, QIWI, and Yandex Money. It also offers the traders an attractive affiliate program, 24 hours customer support five days a week, and VPS-server tariffs.
- CySEC regulated
- Small minimum initial deposit
- MT4 trading platform
- High Leverage level
- No choice of trading platforms
Seeing that this broker is regulated by CySEC you can trust its reliability. I also uses the most popular trading platform which makes I easy to maneuver. It also offers spot metals with efficient conditions, CFDs on shares, and trading in Forex.