The Formax ECN Raw + Commission account has been posted due to termination of Formax's publish or termination of the offer of ECN Raw + Commission account. Please check Formax's latest information and campaign on Formax's company introduction page.
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.
About the ECN Raw + Commission account of CFDs, Commodities, Forex, Indices, Precious Metals (MetaTrader 4/ECN) offered by Formax.
Type and Conditions
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General Trading Conditions
By opening an ECN Raw + Commission account with Formax, you can trade CFDs, Commodities, Forex, Indices, Precious Metals through MetaTrader 4 trading platform.
Mainly Formax ECN Raw + Commission account offers ECN execution model, the maximum leverage is 1:200, spread is Floating from 0.2 pips.
Available Base Currencies
The account bsse currency is only available in EUR, GBP, USD.
Negative Balance Protection
Formax adopts NBP(Negative Balance Protection), this means that you will not lose more than you deposit in your Forex & CFDs investment.
Margin call & Stop out
In the ECN Raw + Commission account, Margin call is 120% and Stop out is set to 100%, so all your positions will be automatically closed when the margin level reaches down to 100%.
Allow Trading Strategies
Formax allows EAs (Expert Adviser, Automated Trading), Scalping, Hedging, News Time Trading trading in a platform of ECN Raw + Commission account.
Before opening accounts with Formax, find out more information and their promotions.
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