Formax (Formax Prime Capital (UK) Ltd.)

UK based & FCA regulated Formax, offers a Professional Trading Environment.

Formax

“Formax” is a trade name of Formax Prime Capital (UK) Limited, UK FCA(Financial Conduct Authority) licensed online FX & CFD brokerage company.

The broker is relatively a new broker founded in 2015, it strives to offer ECN trading environment with very low commissions.

Formax offers a very simple trading conditions and MetaTrader4.

Not so much information is provided regarding to the company itself.

Trading Info

With Formax, you can trade Forex, Commodity CFDs and Index CFDs through MetaTrader4 trading platform.

As Formax offers ECN(Electronics Communication Network) trading environment, there is no conflict of interest nor prohibited trading methods on the trading platforms.

Formax does not support NBP(Negative Balance Protection), so your loss can exceed your deposit amount.

The maximum leverage is 1:200, the minimum spread starts from 0.2 pips with 3GBP per 1 round turn lot.

The required deposit amount is 1,000 GBP to start trading with Formax.

Reviews of Formax

Broker Details
CompanyFormax
Formax Prime Capital (UK) Ltd.
Regulation
Founded in2014 (3 years)
Max Leverage200:1
USA clients Not Accepted
JPN clients Not Accepted
Country BaseUnited Kingdom
Headquaters 107 Cheapside, London, EC2V 6DN, United Kingdom
Website Language
  • English
Support desk
Phone number+44 (0)203 819 3100
Supported LanguageEnglish
Service Hour24/5
Phone Support Not Available
Live Chat Available
Callback Available
Japanese Support Not Available
Telephone Order Not Available

Trading Accounts (2 accounts)

Here are the details of all Forex trading accounts of Formax.

TitleECN Raw + CommissionECN Commission Free
Account TypeForexForex
Trading PlatformMT4MT4
Minimum Deposit$5,000$1,000
Accout CurrencyEURGBPUSDEURGBPUSD
Execution TypeECN
(Instant)
ECN
(Instant)
Leverage200:1200:1
Spread TypeFloatingFloating
Minimum Spreadfrom 0.2 pipsfrom 0.6 pips
Trading Commission£3 per 1 lotN/A
Minimum Trading Lots0.010.01
Maximum Trading Lots100100 lots
Decimal Pricing55
Margin Call %120%120%
Stop Out %100%100%
EA (Automated Trading)AllowedAllowed
ScalpingAllowedAllowed
HedgingAllowedAllowed
News TimeAllowedAllowed
PAMM/MAMN/AN/A
Islamic (Swap Free)OptionalOptional
Interest on MarginNoneNone

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