Below is a comprehensive analysis of Tradomart SV Ltd, operating as ForexMart, based on the requested criteria. The analysis draws from available web information, including user complaints, regulatory data, and website analysis, while critically evaluating potential risks and red flags. All findings are presented concisely and supported by relevant sources where applicable.

1. Online Complaint Information ¶

• User Complaints: ForexMart has significant negative feedback across multiple platforms:
• Trustpilot: Mixed reviews (11 total), with some users reporting positive experiences (e.g., fast withdrawals, good customer service), but others allege scams, including collaboration with fraudulent agents (e.g., “azakafx” allegedly defrauded 40 users of $107,000). Complaints include withheld withdrawals and manipulated trading conditions.
• ForexPeaceArmy: Labeled as a scam broker, linked to InstaForex (also considered a scam by FPA). Complaints include delayed or rejected withdrawals (e.g., $98,000 confiscated after a withdrawal request) and fake positive reviews.
• WikiFX: Reduced trust score due to excessive complaints about high fees, withdrawal issues (e.g., 15-day delays), and arbitrary profit deductions.
• Scamadviser: Users report being unable to withdraw funds, with some claiming ForexMart withholds money unless additional taxes are paid.
• Common Issues: Delayed or denied withdrawals, high fees, manipulated spreads or candles, and unresponsive customer service (especially the finance department). Some users report losing entire investments.
• Positive Feedback: A minority of reviews praise ForexMart for fast trade execution, referral bonuses, and free VPS hosting, but these are overshadowed by scam allegations and suspicions of fake reviews. Assessment: The volume and consistency of complaints, particularly around withdrawals and fund mismanagement, raise serious concerns about ForexMart’s reliability.

2. Risk Level Assessment ¶

• BrokerChooser: Deems ForexMart unsafe due to lack of regulation by a top-tier authority.
• WikiFX: Rates ForexMart as high-risk due to poor regulatory status and multiple complaints.
• Scamadviser: Assigns a very low trust score, flagging the website as a potential scam. Factors include hosting on servers with other unreliable websites and high-risk investment offerings.
• ForexPeaceArmy: Explicitly warns against ForexMart, citing non-ECN practices (e.g., canceling trades under 2 minutes or reducing profits deemed “too high”) and ties to InstaForex.
• Inherent Risks: Forex trading is high-risk due to leverage (up to 1:500 at ForexMart), and the broker’s terms amplify this by allowing profit cuts and trade cancellations. Assessment: High risk due to poor regulatory oversight, scam allegations, and questionable trading practices. Investors face significant potential for financial loss.

3. Website Security Tools ¶

• SSL/TLS: ForexMart uses HTTPS with a valid SSL certificate, ensuring encrypted data transmission. This is standard for financial websites.
• Cookie Policy: The website uses cookies, including third-party cookies for tracking, which may pose privacy risks if not properly disclosed or managed. Users can adjust settings, but the default setup includes tracking.
• Security Features: No mention of advanced security measures like two-factor authentication (2FA) or cold storage for client funds, which are common among reputable brokers.
• Scamadviser Analysis: The website’s low trust score is partly due to hosting on a server with other unreliable sites, increasing vulnerability to cyberattacks or data breaches. Assessment: Basic security (SSL) is present, but the lack of advanced protections and server-related risks are concerning for a financial platform handling sensitive data.

4. WHOIS Lookup ¶

• Domain: forexmart.com
• Registrar: GoDaddy.com, LLC
• Registration Date: Created in 2015, consistent with the company’s founding year.
• Registrant Info: WHOIS data is redacted for privacy, which is common but reduces transparency. No public details on the registrant’s identity or location.
• Domain Status: Active, with no expiration issues reported. Assessment: The domain is legitimately registered and aligns with ForexMart’s operational timeline, but redacted WHOIS data limits transparency, a minor red flag for a financial service provider.

5. IP and Hosting Analysis ¶

• Hosting Provider: Likely hosted on a shared server, as Scamadviser notes other unreliable websites on the same server, increasing security risks.
• IP Location: Not explicitly disclosed in available data, but ForexMart’s primary operations are in Saint Vincent and the Grenadines (Tradomart SV Ltd) and Cyprus (Instant Trading EU Ltd).
• Server Reliability: Shared hosting can lead to performance issues or exposure to vulnerabilities from other sites on the server. Assessment: Shared hosting with questionable neighbors is a red flag, as it heightens the risk of security breaches or downtime, which is critical for a trading platform.

6. Social Media Presence ¶

• Official Accounts: ForexMart maintains social media profiles (e.g., Facebook, Twitter), used for promotions, market updates, and client engagement.
• User Sentiment: Social media discussions, particularly on platforms like Trustpilot and forums, are mixed. Negative posts focus on withdrawal issues and scam allegations, while positive ones (often suspicious) praise bonuses and support.
• Engagement: Limited interaction on social media compared to major brokers like Coinbase or Plus500, suggesting lower brand visibility or trust.
• Red Flags: Suspected fake positive reviews on review platforms, some traced to the same location (Philippines), indicate potential reputation manipulation. Assessment: Social media presence is minimal and tainted by allegations of fake reviews, reducing credibility. Legitimate brokers typically have more robust, transparent engagement.

7. Red Flags and Potential Risk Indicators ¶

• Regulatory Concerns:
• Tradomart SV Ltd (Saint Vincent and the Grenadines) is regulated by the SVG FSA, considered a low-tier regulator with minimal oversight.
• Instant Trading EU Ltd (Cyprus) is regulated by CySEC (license 266/15), but WikiFX flags it as a suspected clone, and the FCA has revoked its EEA authorization.
• Lack of top-tier regulation (e.g., FCA, ASIC) is a major risk indicator.
• Withdrawal Issues: Multiple reports of delayed, rejected, or confiscated withdrawals, often with excuses like “non-trading fees” or outdated exchange rates.
• Profit Manipulation: Terms allowing cancellation of short trades or profit cuts for “excessive” earnings contradict ECN claims.
• Fake Reviews: Multiple fake positive reviews detected (2016–2017), some linked to a single source in the Philippines.
• Association with InstaForex: ForexMart operates under the same CySEC license as InstaForex, a known scam broker, raising concerns about shared practices.
• High-Risk Offerings: Promises of high returns via bonuses, copy trading, and leverage up to 1:500 are typical of high-risk or fraudulent brokers.
• Unresponsive Support: Complaints about unreachable finance departments and delayed responses (e.g., weeks for withdrawal queries). Assessment: Numerous red flags, including weak regulation, withdrawal issues, and ties to a known scam broker, strongly suggest ForexMart is not trustworthy.

8. Website Content Analysis ¶

• Claims and Promises: ForexMart’s website emphasizes “profitable trading conditions,” “high-class trading software” (MetaTrader 4), and “protection against fraudulent activity.” These claims are undermined by user complaints and scam allegations.
• Transparency: The site provides regulatory details (SVG FSA, CySEC) and contact information but lacks clarity on fee structures, withdrawal processes, or profit cancellation policies.
• Risk Disclosure: Includes standard warnings about forex risks and leverage, but these are overshadowed by promotional content promising bonuses and low deposits ($15 minimum).
• Content Quality: Professional design, but some sections (e.g., news updates) include unrelated geopolitical content (e.g., US-China trade), which seems out of place for a broker.
• Cookie Tracking: Third-party cookies may track user behavior, potentially compromising privacy if not properly managed. Assessment: The website appears professional but lacks transparency on critical terms and uses aggressive promotional tactics, which are red flags for a financial platform.

9. Regulatory Status ¶

• Tradomart SV Ltd: Registered in Saint Vincent and the Grenadines (SVG FSA, Reg No. 23071 IBC 2015). SVG FSA is a low-tier regulator with limited enforcement, often used by offshore brokers to avoid scrutiny.
• Instant Trading EU Ltd: Regulated by CySEC (license 266/15), a mid-tier regulator. However, WikiFX flags this as a suspected clone, and the FCA revoked its EEA authorization, indicating regulatory issues.
• Investor Compensation Fund: CySEC-regulated clients may be eligible, but this does not apply to SVG-based clients.
• Restricted Regions: Does not accept clients from the US, North Korea, Sudan, Syria, and others, likely to avoid stricter regulations.
• Comparison to Top-Tier Brokers: Unlike brokers regulated by FCA, ASIC, or CFTC, ForexMart’s oversight is weak, increasing risk. Assessment: Weak regulatory status (low-tier SVG FSA, questionable CySEC license) significantly undermines ForexMart’s credibility compared to top-tier-regulated brokers.

10. User Precautions ¶

To mitigate risks when considering ForexMart or similar brokers, users should:

• Verify Regulation: Check regulatory status directly with CySEC or SVG FSA. Avoid brokers without top-tier regulation (e.g., FCA, ASIC).
• Research Reviews: Cross-reference user reviews on Trustpilot, ForexPeaceArmy, and WikiFX, focusing on withdrawal experiences.
• Test Withdrawals: Deposit a small amount and attempt a withdrawal to verify reliability before committing larger sums.
• Avoid Bonuses: Bonuses often come with restrictive terms (e.g., high trading volume requirements) that complicate withdrawals.
• Use Demo Accounts: Practice with ForexMart’s demo account to assess platform reliability without financial risk.
• Secure Accounts: Use strong, unique passwords and enable 2FA if available. Avoid sharing personal data unless verified.
• Consult Regulators: If scammed, contact CySEC, CFTC (866-366-2382), or FINRA for assistance.
• Be Skeptical: Avoid brokers promising guaranteed returns or risk-free trading, as these are hallmarks of scams. Assessment: Users must exercise extreme caution, prioritizing due diligence and small-scale testing to avoid potential losses.

11. Potential Brand Confusion ¶

• ForexMart vs. Forex Mart Trade: ForexMart (Tradomart SV Ltd) is distinct from Forex Mart Trade, a Pakistan-based broker under the Pakistan Mercantile Exchange (PMEX). The similar names could cause confusion, especially since both use the “ForexMart” brand and MetaTrader 4.
• InstaForex Connection: ForexMart’s shared CySEC license with InstaForex, a known scam broker, may lead users to associate the two, increasing distrust.
• Domain Variations: ForexMart operates multiple domains (e.g., forexmart.com, forexmart.eu, theforexmart.com), which could confuse users or be exploited by scammers mimicking the brand.
• Clone Warnings: WikiFX’s suspicion of CySEC license cloning suggests potential for imposters to misuse ForexMart’s branding. Assessment: The similar branding with Forex Mart Trade and ties to InstaForex create significant confusion, potentially exploited by scammers or leading to misplaced trust.

12. Overall Conclusion ¶

ForexMart (Tradomart SV Ltd) presents substantial risks based on the following:

• High-Risk Indicators: Numerous user complaints about withdrawals, profit manipulation, and scam allegations, coupled with fake reviews and ties to InstaForex.
• Weak Regulation: SVG FSA and a questionable CySEC license (suspected clone, FCA revocation) provide insufficient oversight.
• Security Concerns: Shared hosting and lack of advanced security features increase vulnerability.
• Transparency Issues: Vague terms, aggressive promotions, and unresponsive support undermine trust.
• Brand Confusion: Similar names and domain variations heighten the risk of scams or misidentification. Recommendation: Avoid ForexMart due to its poor regulatory status, consistent scam allegations, and operational red flags. Opt for brokers regulated by top-tier authorities (e.g., FCA, ASIC) with transparent practices and positive user feedback. If considering ForexMart, use a demo account and test withdrawals with minimal funds first. Sources: All findings are supported by cited web references (e.g.,–). Users can verify regulatory status via CySEC or SVG FSA and check reviews on Trustpilot, ForexPeaceArmy, or WikiFX.

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