Frequently Asked Questions

General Trading Questions

  • Foreign exchange is the market for trading currencies. The exchange enables you to buy one currency and sell the other. Known as the largest and most liquid market worldwide, more than $5 million of transactions are facilitated daily. The forex market is open 24 hours a day and five days a week.

  • In essence, the market allows you to purchase and sell money simultaneously, and is traded in currency pairs. The major currency pairs include EUR/USD, GBP/USD, USD/JPY, USD/CHF, and USD/CAD.

  • Market participants include individual investors, commercial banks, global money managers, international money brokers, investment banks, registered dealers, and multinational companies. The so-called interbank market is used to be dominated by major financial institutions and central banks only.

  • Forex market is a decentralized market for buying and selling currencies. Trades are executed through individual dealers or financial centers.

  • Currencies are valued in pairs (e.g., EUR/USD). Several factors affect a currency's value, such as economic and political events, and also economic indicators.

  • Yes, the customer declares that he/she is over eighteen (18) years of age.

  • ForexMart is a trading name of Tradomart Ltd, a Cyprus Investment Firm regulated by the Cyprus Securities Exchange (CySEC) with licence number 266/15.

  • CySEC (Cyprus Securities and Exchange Commission) is the commission charged with regulating Cyprus’ financial markets. It ensures that CIFs (Cypriot Investment Firms) adhere to strict financial guidelines in accordance with the laws and regulations of Cyprus and the European Union. CySEC is a public body that supervises and controls operations and transactions carried out in the Stock Exchange.

  • ForexMart doesn't offer its services to residents of certain jurisdictions such as the USA, North Korea, Myanmar, Sudan and Syria.

  • The main office is located on the Spetson 23A, Leda Court, Block B, Office B203, 4000 Mesa Geitonia, Limassol, Cyprus.

  • ForexMart is ECNs broker.

  • Yes, aside from forex trading, we also offer CFDs on spot metals and shares. For our financial instruments you can check here .

  • We accept USD, EUR, GBP, RUB, MYR, IDR, THB, and CNY.

  • Our customer support is ready to help you 24/5.

  • The Forex market is open for trading 24 hours a day, five days a week.

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