Formax is an Online Forex & CFD brokerage firm based in UK, and licensed by FCA.
Formax is relatively a new broker founded in 2015.
As the broker’s promotion is very quiet, the name “Formax” hasn’t been known on the web.
The broker’s advantage is the ECN MT4 with Very Low Trading Cost.
Formax’s ECN MT4 is where there is No Interference to traders’ trades and No Manipulation of Market Prices on MT4.
And this “Fair” condition is guaranteed by the UK’s financial authority, FCA.
On Formax MT4, you can trade Forex pairs, Commodity, Metals, Oils and Equity Index.
The minimum required deposit amount is a bit higher as $1000, but you can access to Formax MT4 with following 2 advantages with this deposit.
ECN MT4 where all kinds of trading activities are allowed.
Average Spread of 0.3 – 0.4 pips with only $6 per lot of extra commission. (See the Real Time Spread)
The maximum leverage is 1:200, and NBP is NOT supported. Thus, your loss can exceed your total deposit amount.
No regular Bonus Promotions are offered, but the “Low Cost Trading” may cover that part for Formax.
With Formax Prime, FX, Commodity and Indices trading just become professional.
(Formax Prime Capital (UK) Ltd.)
|Rating Traders Rating|
|Regulations Regulations & Licenses|
|Founded Founded in||2014 (5 years)|
|Max Lev Maximum Leverage||200:1|
|USA clients||Not Accepted|
|JPN clients||Not Accepted|
|Country Base||United Kingdom|
|Headquaters||107 Cheapside, London, EC2V 6DN, United Kingdom|
|JPN Support Japanese Support||Not Available|
|Account Manager Personal Account Manager||Available|