ForexMart review: Scam Forex Broker Review and Users Ratings
What is ForexMart?
ForexMart is a scam forex broker operating under the same Cysec license as InstaForex which is already considered to be a scam by the FPA.
Please read ForexMart Reviews below and share your experiences dealing with this scam broker.
July 2018: It has been brought to the FPA's attention that ForexMart is operating under the same Cysec license as InstaForex, which is already considered to be a scam by the FPA.
March-November 2017: Multiple fake and highly suspicious positive reviews submitted for ForexMart.
WARNING August 2016: There is an FPA Traders Court guilty vote against ForexMart. The client complained about a delayed withdrawal. The company emailed the FPA and claimed it resolved the issue. Their version of a "resolution" was to confiscate the client's profits because the client made too much money on individual trades. ForexMart claims to be ECN, but its terms allow trades to be cancelled if the trades are less than 2 minutes and also allow for trades which make too much money to have profits cut. Both of those are extremely strong evidence that the broker is not ECN.
The FPA strongly recommends AGAINST doing business with ForexMart.
June-July 2016: Multiple fake and highly suspicious positive reviews submitted for ForexMart.
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum to Open Live: | $1 |
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Established: | 2015 |
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Address: | Shamrock Lodge, Murray Road, Kingstown, Saint Vincent And Grenadines |
Contact: | support@forexmart.com, +44 203 5751 513 |
Regional offices: | |
Regulators: | |
Prohibited countries: |
Trading platforms: | MT4, WebTrader, MobileTrader (MobileApp) |
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Web Trading: | β Yes |
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Mobile Trading: | β Yes |
ECN: | β Yes |
Currencies: | (105+) |
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Cryptocurrencies: | (65+) Bitcoin, Litecoin, Ethereum |
CFD: | (5+) Gold, Silver, Stocks |
Trading Conditions |
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EAs/Robots: | β Yes |
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News Trading: | β Yes |
Scalping: | β Yes |
Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, FasaPay, Neteller, PayCo, Qiwi, Skrill, UnionPay |
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Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, FasaPay, Neteller, PayCo, Qiwi, Skrill, UnionPay |
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Traders Reviews


This is another of the large number of fake positive reviews submitted from the same location in the Philippines as FPA member "Andrea ForexMart"
The FPA does not appreciate review spammers.

Tradomart forexmart company took my money 98000 usd - Reg no 23071,ibc2015
with forexmart.com (( Tradomart - Reg no 23071,ibc2015 ))
1- I registered with FOREXMART.COM under (( Tradomart )) and I deposited 500 usd and started to trade .
2- When I started to make profits, I created sub accounts. One of them I decided to make as a wallet has NO. " 58100603 " because i saw to keep profits i made in it to be in safe if i lose in the other accounts
3 - I kept trading making profits and making loses for more than FOUR MONTHS without making any withdrawal requests and everything was running good without any note from Tradomart till i gained 98000 usd
4- For these 4 MONTHs i did not made any withdrawal requests , i just was trading and trading and trading
5- From 8 days ago i requested to withdraw only 10.000 keeping the remaining balance 88.000 usd separated between my trading accounts and in my wallet to trade again but once they received the withdrawal request , they rejected the withdraw request and took whole of my money " 98.000 usd " from my sub accounts and wallet too KEEPING MY DEPOSIT 500 USD AND ALSO PREVENTED ME TO WD IT
6- I sent a complaint to forexmart " Tradomart " but nobody replied me for more than 5 days
7- This is the website adn my portal details to check for yourself.
Be careful using Forexmart broker
Since December 28, 2021, I made a withdrawal request of $3178.69. But to this day the status is still pending. I have contacted the IB in my country (Indonesia, Mr. Sidik) and it says it is still being checked. I have contacted Forexmart via E-mail, it said it would be asked to Forexmart finance. I regret having deposited and traded at Forexmart.
I hope the regulatory company that gave Forexmart the company permission to investigate. Because I read on other forums, many people have withdrawal problems. I hope there are no more victims. Let me be the last victim of Forexmart. To see the details of the withdrawal process, my conversations by E-mail, Forexmart IB in Indonesia (sir Sidik), etc., see the thread that I created.
Thank you very much.
https://www.forexpeacearmy.com/community/threads/forexmart-withdrawal.72406/
The best broker I traded
Stay away!!! They are scammers!!!
Since I deposited through BTC.... I withdrew 7910$ through BTC on the 25/03/20. They processed it on the 01/4/20. As at when they paid the value of BTC was equivalent to 7467$ In my wallet.
I wrote back to them on that same day stating that I was not paid in full. Support told me that finance department is looking into it. It took them another one week for them to get back to me again. as always this is after sending countless mails to them. Support couldnβt reply cos they have to hear from finance department. Their finance department never respond to emails. I repeat, NEVER! And no other way to contact them. Even support department canβt get across to their finance department except through mail. What a joke of a company.
When support got back to me they said and I quote βWe used the rate 25.03.2020 when the w/d requested and not the rate when the payment was made.
Rate used: 0.00014953β
How can you pay someone and on the day of processing, you use the rate of a day that has past?!.... a rate of 7 days ago to process BTC payment that is done instantly. Bloody cheat and scammers!!!
Apr 3, 2020 - No Rating Yes, ForexMart finally paid me my money back after a week.
my withdrawal request was for 7910$ through BTC however the value of BTC I received was 7467$
Meaning that this broker still owes me a couple of dollars and my money wasnβt paid in full. I have emailed them and waiting again for a reply/ balance payment. Hopefully this wonβt take another 1 week!!!
Apr 1, 2020 - No Rating This is an update on my previous review about this broker. They paid me my withdrawal request from my account; 58037429 after a week.
Although it took 7 days, I am glad that I could deposit and withdraw with ForexMart!!!
I’d like to also thank the organizers of this site for creating a public awareness on brokers!!!
Mar 30, 2020 - 1 Star It has been over 3 days now and they won’t process my withdrawal of 7910$ From my acc: 58037429.
I was convinced by an IB to deposit with them
Now They keep telling me my withdrawal request is being checked. SCAM!
I wouldn’t advise my enemies to do business with them. Give me my money back ForexMart

Got my money back

The worst broker ive ever encountered
bad broker
very bad broker dont join

You have been received a letter with detailed explanations of your situation. Rebate was canceled according to clause 11.6 of "Partnership agreement".
Wonderful broker
Only thing that needs to be improved is execution speed.