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!

Service Details

Company
Formax
(Formax Prime Capital (UK) Ltd.)
Rating Traders Rating
3.0 rating
3/5 0
Regulations Regulations & Licenses
Founded Founded in 2014 (8 years)
USA clientsNot Accepted
JPN clientsNot Accepted
Country BaseUnited Kingdom
Headquaters 107 Cheapside, London, EC2V 6DN, United Kingdom

Funds

Cryptos Available Crypto-Currencies N/A
Negative Balance Offer Negative Balance Protection
Client Funds Safety Segregated
Deposits Deposit Methods
Withdrawals Withdrawal Methods