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Formax - What's now?

We regret to inform you that with effect from 12.00pm on 11th December 2018 Formax Prime Capital (UK) Ltd has decided to temporarily cease offering clients the ability to trade FX.

Accordingly, they will not be accepting any new clients until further notice. If you are already a client of Formax Prime you will receive client communications from them directly.

Formax is an Online Forex & CFD brokerage firm based in UK, and licensed by FCA.

UK FCA is one of the world’s most stringent regulatory authorities.

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.

ECN stands for Electronics Communication Network. The Fairest execution model provided in Retail Forex markets.

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.

Trading Info

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.

NBP stands for Negative Balance Protection. This protects traders from exceeded losses(minus balances).

No regular Bonus Promotions are offered, but the “Low Cost Trading” may cover that part for Formax.

Reviews of Formax

Formax Prime’s upgrade to reach Lightning fast execution

Formax Prime is excited to announce that they have recently partnered with market leading bridge provider – OneZero and have significantly upgraded the liquidity offering, giving all clients market leading execution and deeper levels of liquidity.

How this benefits you?

  1. Lightning fast execution and deeper levels of liquidity
  2. Low latency with complete co-location within LD4
  3. Lower spreads and commission costs
  4. Formax Prime now offer FIX API
  5. A professional GUI for institutional traders

Signup today to find out more about Formax Prime!

Formax Ratings And Reviews

Formax's Rate

2.8 rating based on 33 ratings
2.8/5 33
  1. Dear Sir, i’m using MT$ and my broker are OctaFX. how i’m going to add XTIUSD (oil) into my MT4? Thanks & appreciate it.

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Formax Company Profile

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

Regulations & Licenses
Company Formax Prime Capital (UK) Ltd.
Founded 2014 (10 years)
Country Base United Kingdom
Headquaters 107 Cheapside, London, EC2V 6DN, United Kingdom
Traders Rating
2.8 rating based on 33 ratings
2.8/5 33
Supported Platforms
Crypto-Currencies Not Available
Negative Balance Offer Negative Balance Protection
Client Funds Safety Segregated
Deposit Methods
Withdrawal Methods

Company Categories


Disclaimer about leverage:

Leverage is offered based on your knowledge and experience. The leverage /margin requirements may be subject to change as subject of applicable regulation in your country of residence.



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