Formax

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
See reviews
  • Company Formax Prime Capital (UK) Ltd.
  • Founded in 2014
  • Offices in
    Show countries Hide countries
    • Australia
    • China
    • Hong Kong
    • India
    • New Zealand
    • Thailand
    • United Kingdom
    • Viet Nam
  • 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
    • Email
    • 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
  • 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.

, 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.