ForexMart is a forex broker that was founded in 2010. It offers a variety of trading services, including forex trading, CFD trading, and binary options trading. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Belize.
Company Overview
ForexMart is a global broker with offices in Cyprus, Belize, and Hong Kong. The company has a team of over 100 professionals who are dedicated to providing traders with the best possible trading experience.
Team
The ForexMart team is led by CEO Andrey K. The team has a wealth of experience in the forex industry, and they are committed to providing traders with the best possible trading conditions.
Services or Products
ForexMart offers a variety of trading services, including:
- Forex trading: ForexMart offers a wide range of forex currency pairs to trade.
- CFD trading: ForexMart offers CFDs on a variety of assets, including stocks, indices, commodities, and cryptocurrencies.
- Binary options trading: ForexMart offers binary options on a variety of assets.
- Social trading: ForexMart offers a social trading platform that allows traders to copy the trades of other successful traders.
- Education: ForexMart offers a variety of educational resources to help traders learn about the forex market.
- Customer support: ForexMart offers 24/7 customer support in multiple languages.
License and Regulations of ForexMart Scam
ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Belize. The CySEC license number is 266/15, and the FSC license number is 002/367/19.
License Status
ForexMart is a regulated broker. The CySEC license is a well-respected license, and it means that ForexMart is subject to strict financial regulations. The FSC license is also a reputable license, but it is not as well-known as the CySEC license.
Regulation Status
ForexMart is regulated in two jurisdictions, Cyprus and Belize. This means that the broker is subject to the laws and regulations of both countries. The CySEC regulations are some of the strictest in the world, and they provide a high level of protection for traders. The FSC regulations are not as strict as the CySEC regulations, but they still provide a good level of protection for traders.
Why Dealing With An Unlicensed Broker Is Risky?
Dealing with an unlicensed broker is risky because there is no guarantee that the broker will be able to protect your funds. Unlicensed brokers are often scams, and they may disappear with your money. If you are considering trading with a broker, it is important to make sure that the broker is regulated by a reputable regulatory body.
Legal Warning Against FXGT
The Financial Conduct Authority (FCA) of the United Kingdom has issued a legal warning against ForexMart. The FCA warning states that ForexMart is not authorized to conduct investment business in the UK. This means that UK residents should not trade with ForexMart.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
ForexMart has a mixed reputation among its clients. Some clients have praised the broker for its good trading conditions and customer service. However, other clients have complained about the broker’s high spreads and commissions.
Feedback About Their Trading
Some clients have praised ForexMart’s trading platform for being user-friendly and reliable. However, other clients have complained about the platform’s slow execution speeds and lack of features.
Feedback About Their Customer Service
ForexMart’s customer service has received mixed reviews. Some clients have praised the customer service team for being helpful and responsive. However, other clients have complained about the long wait times and the lack of knowledge of the customer service representatives.
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Final Thought
ForexMart is a regulated broker with a mixed reputation among its clients. If you are considering trading with ForexMart, it is important to do your own research and weigh the risks and rewards.
