Formax
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
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- Australia
- China
- Hong Kong
- India
- New Zealand
- Thailand
- United Kingdom
- Viet Nam
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Payment options
- Credit/debit cards
- Neteller
- Skrill
- Wire transfer
-
Demo platforms
- MetaTrader 4
-
Currency pairs
Show currency pairs Hide currency pairs
- AUD/CAD
- AUD/CHF
- AUD/HUF
- AUD/JPY
- AUD/NZD
- AUD/USD
- CAD/CHF
- CAD/JPY
- CHF/HUF
- CHF/JPY
- CHF/NOK
- CHF/PLN
- EUR/AUD
- EUR/CAD
- EUR/CHF
- EUR/CZK
- EUR/GBP
- EUR/HUF
- EUR/ILS
- EUR/JPY
- EUR/NOK
- EUR/NZD
- EUR/PLN
- EUR/SEK
- EUR/TRY
- EUR/USD
- GBP/AUD
- GBP/CAD
- GBP/CHF
- GBP/DKK
- GBP/HUF
- GBP/JPY
- GBP/NOK
- GBP/NZD
- GBP/PLN
- GBP/SEK
- GBP/TRY
- GBP/USD
- GBP/ZAR
- NOK/JPY
- NOK/SEK
- NZD/CAD
- NZD/CHF
- NZD/HUF
- NZD/JPY
- NZD/USD
- USD/CAD
- USD/CHF
- USD/CNH
- USD/DKK
- USD/HKD
- USD/HUF
- USD/ILS
- USD/JPY
- USD/MXN
- USD/NOK
- USD/PLN
- USD/SEK
- USD/SGD
- USD/THB
- USD/TRY
- USD/ZAR
-
Regulated by
- FCA (UK), 624225
-
Website available in
- Chinese
- English
-
Support available in
- English
-
Support methods
Show support methods Hide support methods
- Callback
- Forum
- Live chat
- Office
- Phone
- Skype
- Web form
- 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
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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
- 2018-12-11 Formax Prime Capital (UK) Ltd has decided to temporarily cease offering clients the ability to trade FX.
- 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
- 2018-12-11 Formax Prime Capital (UK) Ltd has decided to temporarily cease offering clients the ability to trade FX.
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.
Shawn White, Mexico.
Trading account #1XXXXXXX5
Friday, October 21, 2016
Dee, London but relocated from China.
Trading account #2XXXXXX9
Monday, October 17, 2016
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.
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!