ForexMart Journal

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ForexMart Profile
Year
2015
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Myanmar, North Korea, Sudan, Syria, US
Broker type
MM, STP
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
2
LPs quality
...
LPs names
not disclosed

ForexMart Accounts
MM
STP
Minimum Deposit
15 $
200 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.2 pips
0.8 pips
Commission
0 $/lotRT
0 $/lotRT
Volume
500 lots
500 lots
Margin Call
30 %
30 %
Stop Out
10 %
10 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Update broker

Is ForexMart safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is ForexMart trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • ForexMart website: semi-detailed, updated ★★★
  • ForexMart popularity (by visitor count): average ★★★

How ForexMart works

The Company, through its Trading Platform(s), provides the Client with live streaming prices,‘Quotes’,along with a breakdown of the available volumes (‘market depth’) as received from its third party liquidity providers. The Company is always the counterparty (or principal) to every trade;

5.1.Prices:​

The Company generates its own tradable prices based on price feeds from some of the world’s leading liquidity providers and independent price providers.

For ​the ECN platform​, traders are routed directly to liquidity providers through the electronic execution system. This system automatically requests a quote from a selection of liquidity providers. In conjunction with the price, the Company quotes the available liquidity, (or ‘market depth’), as obtained from its third party liquidity providers. The Company’s software will automatically aggregate all available liquidity at the best possible prices available and fill at the Volume-Weighted Average Price (V.W.A.P.).

EXECUTION VENUES

Execution Venues are the entities with which the orders are placed or to which the Company transmits orders for execution.​Any orders the Client will place with the Company for the Financial Instrument offered by the Company, the Company will act as an Agent or a Principal on the Client’s behalf. The Company will receive and transmit orders for execution to another entity or Execution of Orders as principal to principal on an own account basis. The Client accepts and acknowledges that Execution Venue operates as a Regulated Investment Firm, but it does not operate as a Regulated Market or a Multilateral Trading Facility (MTF) or an Organized Trading Facility (OTF).

https://www.forexmart.com/assets/pdf/Tradomart-SV/Order%20Execution%20Policy.pdf

8. Does ForexMart permit scalping and automated trading?

The Client is prohibited from performing Scalping Trades for less than 2 minutes. ForexMart can be used with any legal trading style and any Expert Advisor (automated trading system).

https://www.forexmart.com/faq

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