ForexMart Review: Compliance and Regulation Insights
ForexMart Review: Compliance and Regulation Insights

Looking at the broker’s website, we saw that it brags a lot about being the best option on the market, offering crypto trading, no deposit fees, etc. Their slogan is “Think big, trade Forex.” However, to think big, you need to know you are in good hands because you can only lose big if not.

That was why we uncovered all the facts and trading conditions ForexMart broker is offering and presented them to you. Once we’re done, you can conclude does investing with this company means thinking big or losing big.

Let’s dive into the ForexMart review.

Broker status: Regulated / Offshore Broker
Regulated by: CySEC
Scammers Websites:
Owned by: Instant Trading EU Ltd / Tradomart SV Ltd
Headquarters Country: Cyprus / Saint Vincent and the Grenadines
Foundation year: 2015
Supported Platforms: MT4, web trader
Minimum Deposit: $15
Cryptocurrencies: Yes- BTC, ETH, BCH – total 11
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:500
Free Demo Account: Yes
Accepts US clients: No
Site grid:

ForexMart Regulation and Security

ForexMart is a brand name two different companies are using. One of them is Tradomart SV Ltd from Saint Vincent and the Grenadines, while the other is Invest Trading EU Ltd from Cyprus. None of this would be weird if the previous name of Invest Trading was not Tradomart Ltd. This shows us that the broker had regulatory issues and decided to move the company to an offshore entity. Since Saint Vincent and the Grenadines do not even require you to have a regulation, they stated every broker should opt for one in the country where it provides financial services, it’s an ideal place to hide a scam broker. Meanwhile, the CySEC regulated company rebranded itself and established a new brand, InstaForex.

Red alert, scam alert. Call it however you want; ForexMart is everything but not legit.

Think good, would you like to deal with someone who had to run offshore to avoid its obligations?

Fund Withdrawal Issues

Now, when we know who ForexMart actually is and their story, we checked investors’ reviews. According to the majority of those, withdrawing funds from ForexMart brokerage is a nearly impossible task. The broker is making it difficult and using the fact it has two entities to play with clients.

Once you start investing, you’re required to start with a minimum of $15. However, since we all know that a low amount won’t make you profitable, you are being asked for more funds. If you are lucky enough to profit with unscrupulous trading managers at ForexMart, you won’t withdraw it for sure. You’ll be sent from one support team to another until your account is suspended and your access to money is blocked.

Traders Opinion

As aforementioned, after checking ForexMart reviews, we have nothing good to say. Besides withdrawal issues, clients report that the broker is giving them bad trades on purpose to lose the money. Every time someone comes close to more significant profits and starts thinking of withdrawals, suddenly, the market crashes, money is gone, and the game starts over.

Do not play games with your funds, and do not trust bogus brokers such as ForexMart.

ForexMart Reviews

How Does Online Trading Scam Work?

Have you ever traded with an online broker? You know that everything starts from an overpromising ad. You’re being told you will make thousands if you just start investing. Broker’s employees are helping you start a trading account, and some account managers take over. In the case of ForexMart, a lot depends on the entity you belong to. If you are under CySEC jurisdiction, you have better chances to be reimbursed than if the broker assigns you with an offshore entity. However, nobody will ask you where you’ll be assigned. It’s their discrete decision. What also bothers us is that an offshore entity offers leverage up to 1:500, making trading a hazardous process.

After you’ve invested enormous amounts of money and want withdrawal, it won’t be possible, your account will be suspended, and you will have to fight for the money another way.

Scammed by ForexMart?

 If you have been scammed by ForexMart or any other illicit brokerage, you should ask for a chargeback immediately. Do not let any scammer run away with your money. Fight back.

But what is a chargeback? It’s a way of refunding your card in case you were scammed online. Our team has years of experience with refund procedures and would be happy to share knowledge with you.

Contact us via chat, book your free consultation and let’s get your hard-earned money back now.

What is ForexMart?

ForexMart is an online trading brokerage with entities in Cyprus and Saint Vincent and the Grenadines.

Is ForexMart a scam?

Since ForexMart SVG has no regulation, it’s a risky broker to trade with.

Is ForexMart regulated?

One of the broker’s entities has a CySEC regulation, while the one from SVG is unregulated.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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