Unrated
Disabled
Out of business
  • Interest rate on funds
  • Bonus offers
  • Trading contests
  • Free education
  • Personal manager
  • Trading by telephone
  • PAMM accounts
  • LAMM accounts
  • MAM accounts
  • Segregated accounts
  • Affiliate program
  • US traders are welcome
  • Company Formax Prime Capital (UK) Ltd.
  • Founded in 2014
  • Offices in
    Show countries Hide countries
  • Payment options
    • Credit/debit cards
    • Neteller
    • Skrill
    • Wire transfer
  • Demo platforms
    • MetaTrader 4
  • Currency pairs
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  • Regulated by
    • FCA (UK), 624225
  • Website available in
    • Chinese
    • English
  • Support available in
    • English
  • Support methods
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  • Trading server time zone GMT
  • VPS for traders Coming soon
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $1,000
  • Minimum position size 0.01 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 0.6
  • Scalping Encouraged
  • Expert advisors Encouraged
  • Trading instruments
    • Forex1:200
    • Gold & silver1:200
    • CFD1:200
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 120%
  • Stop-out level 100%
  • Number of currency pairs (of which exotic) 62 (54)
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $5,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.6
  • Minimum spread on EUR/USD, pips 0.2
  • Commission (one-way) per 1 std. lot $3
  • Scalping Encouraged
  • Expert advisors Encouraged
  • Trading instruments
    • Forex1:200
    • Gold & silver1:200
    • CFD1:200
    • Oil1:200
    • Indexes1:200
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 120%
  • Stop-out level 100%
  • Number of currency pairs (of which exotic) 62 (54)
  • History
    Show history Hide history

Reviews

2 reviews of Formax are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, Mexico.

Formax are one of the most professional brokers I have had an account with, execution is excellent, pricing is competitive, deposits and withdrawals are super fast and they have the best customer service I have experienced. Highly recommend!

, London but relocated from China .

It's not easy to find someone understand my needs especially with people who relocated from other country. The person who I communicate with is patient and explain to me in detail. Even though the product is new to me as it's not popular in China, I gain confidence from the salesperson. He suggested me to do it from demo account first. I like step-by-step approach instead of hard selling. Honestly, I checked with the other competitors but not many good are patient enough to explain and push me to set a live account.

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.