ForexMart – Is it scam or safe?

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ForexMart – Is it scam or safe?

ForexMart is a trading name of Tradomart Ltd. that is licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC). The CySEC license allows it to conduct financial services, including forex.

However, there are a lot of posts in forex forums that inform about bad practices related to poor customer support, slow processing of withdrawals, unreasonable cancelling deals, unreasonable cancelling withdrawal requests and misleading or fake bonus schemes. Moreover, there are recommendations not to deal with this company.

So far, we haven’t received any complaints from clients of ForexMart.com.

If you feel frustrated by ForexMart.com and have something to share with us, please fill in the form below, describing your case:

6 Complains

  1. Do not deal with this company!! I contacted them via their live chat and asked why there are so many negative reviews about forexmart in forums. And most of complaints are related to rejection of withdrawal requests, is this true? And guess what happened…. The support person left the chat. Well, if this is not the scam confirmation what else can be! Scammers!

  2. Forexmart is scam and I can confirm it now. They will make you feel so nice they will give you free bonuses while you register. Then they will call you and will tell you that your bonus is in the queue and it takes time to receive it but if you deposit, then you will receive the bonus for sure. Just to make a deposit and then another one and so on. And if they won’t give you a startup bonus then why do they offer it?? Scammers! Let the financial authorities be aware of it.

  3. This is some kind of the worst broker than can exist!! Very big delays when orders are filled. I am scalper and scalping is impossible. Support has no competence! They offer no deposit bonus but this is shit. Stay away from this broker!

  4. Beware! ForexMart is a big scam. I have an account funded with usd200 and made a profit of $60. Next morning what I see is 2000cent in my account. I am surprised. I send emails and after 3 days they respond me your account is micro (very very poor support…) Where are other $60 then??? He tell me will be put them later. I don’t got any support any more, they don’t respond me.

  5. This is another broker whose only thought is how to steal your money. I deposited some time ago but I never got my money back! When I started to make profits, they told me some error erased my account and I could never login there again. Scam!!

  6. I got a call from a trader for the first time in August 2019. Less than a year later, through a fabricated process of baiting me with unbelievable profits, and matching my losses, I was in over $185,000. The platform had assigned my personal broker to me, that called me from time to time to tell me about their new offers. And they said he was one of their top brokers, they further told me the broker had made a lot of people so rich. The broker told me there was an insurance that they get on them, every trade that we do that’s secured and we could never lose money, he will put in there that it’s an insured secure trade, and they buy the insurance for it. so i was assured, I won’t lose any money on if we lose. Okay? But the catch is, you have to bring in an additional $25,000 in order to get that secured trade status on your account. I stupidly did this. Once I hit a certain profit level, I tried to remove money from them. That’s when they denied me being able to take out my own money. They also told me to pay an additional fee to bring out my money. I was blocked out of my accounts and denied withdrawal even after i contacted them in various ways. Of course they never told me that up front. So when I heard that, then it was pretty obvious to me that they were running a scam.I was very sad and confused after investing a lot. Earlier this year i was researching for a recovery team luckily i came across a comment on a recovery website that recommended a funds recovery expert on binary/forex and bitcoin investment recovery, in the person of Mr Albert Murray, and i contacted him immediately through his email address and explained my issues with my investment broker to him, God so kind, him and his team worked relentlessly to get my refund, and was able to build a case against the scam broker with the information i provided about my trading experience and my funds was refunded back to me within a week interval, i was able to get access to my funds with his help, feel free to reach out to him if you are having issues withdrawing your funds, via his email address: [email protected] and he will guide you on steps to take and get your invested capital including your bonus refunded back to you.
    Good luck

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