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August 28, 2018

Formax, Symbol name changes on MT4 trading platforms

Formax Prime makes some Important updates to your trading platform.

Formax - What's now?

We are no longer promoting Formax. The information regarding to Formax on the website 'Hercules.Finance' maybe outdated. ref. Formax


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 Prime is continually improving, upgrading and optimising the trading offering to give you the best pricing, speed of execution and top of book so you have some of the best trading conditions available in the market.

Formax is undertaking a significant upgrade to its bridge infrastructure that connects the MT4 servers to the liquidity providers ensuring you are getting the fastest execution speeds possible.

In order for the broker to facilitate this, they will be migrating all clients from the currently available trading symbols with .c suffix to the plain symbols that have no suffix.

E.g. if you are currently trading on EURUSD.c then going forwards you will be trading on EURUSD.

How to implement the changes

On Sunday 2nd September before market open the new plain symbols will be available in your market watch window, in order to make them all visible please follow the following steps.

  1. Log out of your MT4 trading platform then back in using your usual log in, password and server details
  2. Right click in your market watch window and select show all

You should then see both symbol sets, the old symbols with .c suffix and the new symbols with no suffix.

All open positions will NOT be effected by the change, open trades done on .c symbols will be set to close only but can be held open indefinitely until you are ready to close out.

Going forwards you will then trade on the new plain symbols in the usual way.

If you use Expert Advisors

If you are using EA’s on your account these may need to be updated to account for the new symbols so please ensure they are ready for the switch over.

Charts may need to be updated also showing the new symbols, to do this simply drag and drop the symbols from the market watch window onto the chart you are looking to update.

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