“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.
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.