Formax

Rating: 0.6 / 5

Formax Prime Capital, founded in 2017 by a parent company with a background in the online brokerage industry, is a spread-betting and CFD broker headquartered and regulated in the United Kingdom. They state that they operate a ECN (electronic communications network) model, using STP (straight through processing) technology, without any dealing desk interference. A wide range of assets for trading are offered, in over 60 Forex currency pairs, 11 major stock indices, and a few major commodities (gold, silver, crude oil, and natural gas).

Formax Website Screenshot

Broker Details

Headquarters
United Kingdom
Established
2017
Min Deposit
£1,000
Execution
ECN/STP
Regulators
FCA

Platform & Features

Trading Platforms
Other, MetaTrader 4

Pros

  • Competitive Spreads
  • Deposit Insurance by FSMA

Cons

  • No Bonuses
  • No Education Offering

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