Formax Prime Broker Reviews and Full Information

What exactly is Formax?

Formax Prime Capital UK Limited is among the British established Forex trading service providers and investment firms that permit customers to trade with the help of technology, using strong capabilities and instant accessibility to liquid. It is a affiliate to Formax Group Limited, an international financial institution with a focus on development and innovation in technology for financial services. The group's subsidiaries are located on The UK, New Zealand, Hong Kong, China, India, Thailand and Australia.

The global coverage of Formax FX clients goes to approximately 200,000 clients around the world who prefer the broker due to their outstanding service and dedicated assistance on a wide range of trading tools. The capability to trade well-known FX as well as indices, commodities and commodities, the broker allows the ability to trade efficiently, safely and in a hurry and offers additional advantages to clients as well as those who expert tools and knowledge.

The trading transparency and a lack of interference are achieved using STP (Straight to Process) or ECN technology, which provides complete transparency in pricing and spreads competitive starting at 0.2 pip.

Formax Formax does not only provide the technology needed to trade but they also work closely with their clients providing the right options and the costs that matter with flexible terms and conditions, choices for accounts, platforms and access to market support or customer support.

Furthermore, Formax is a socially responsible business that gives help whenever it is possible to organisations and institutions for charities or social causes. Formax is also pleased of being associated with two different sports that , according to the company, represent the spirit of competition and the skills required for the most successful forex trading Jet skiing and motor race. Formax sponsorships include Jet Ski, Ferrari Motor Racing, Porsche Motor Racing, etc.

Is Formax secure or is it a fraud?

The safe trading environment that is provided by reality that Formax is controlled by the reputable Financial Conduct Authority (FCA, UK). The company is fully cooperative and assists any investigation authority to protect the rights of clients as per the requirements of all authorities.

The concealing of the source and the ownership of the proceeds is making use of legally generated funds to fund Formax is determined to making sure that the company is not allowed to engage in any similar actions. This is why Formax has in place and monitors regularly several processes, policies, and checks to avoid any suspicious activities.

The additional security provided by deposits in segregated accounts is that clients are assured of the transparency of its conditions, with other established rules to ensure a secure investments as well as trading environment.

Trade Platforms

Formax is a Formax trader can pick between the market-leading MT4 platform that is suitable to mobile, desktop, and tablet devices or ZuluTrade. While MT4 is well-known in the trade industry for its impressive capabilities and features to improve trading with a wide array of analytical tools, automation , or even their own development, ZuluTrade provides the ability to copy orders with ease. The options available to get the stability required through the use of tools that are enabled, and includes EAs as well as a free VPS server, which increases performance and availability using Formax Prime for a secure connectivity 24 hours per day. However you must ensure that the trader must be able to qualify for a minimum of 20 standard FX each month to be able to utilize the service free.

ZuluTrade allows trader trader follow the trader's advice and trade as they do, and the trader can create the account an ordinary offering. Simply join the trader of their choice using Zulu Rank and remain at the helm of risk in the account.

In the end, the combination of security, stability and security of MT4 to allow for full trading together with high latency trading capabilities make an important difference in the technology that is proprietary to trading.

trading costs

Flexible pricing models make it easier to create and implement the most appropriate trading regardless of the model that clients chooses to use. Since Formax broker is an ECN broker using an STP model, all traders will be directed to the liquidity providers with no intervention. This is done through the selection of two accounts ECN Commission Free and ECN Raw +

Commission Account. The online training is accessible to all clients as well as access to the Demo account opening opportunity that is a completely risk-free trading environment.

ECN Commission Free delivers an easy service with all fees comprised in spreads beginning at 0.6 percent. The minimum amount to deposit for opening the account is $1,000 and the customer is able to benefit of support from the company as well as trading allowances.

The ECN Raw and Commission account is created with a dedicated personal manager features, along with additional services like prioritised withdrawals. Also, of course, with a custom raw price that is based on spreads between banks starting at 0.2 pip, however the commission cost is PS3 per Lot.

payment methods

Formax Prime provides a variety of payment methods that guarantee security of money transfer and the efficiency. The trader is able to complete all transactions via the client's dashboard using the method of choice. The multi-currency solutions methods allow you the option of depositing via bank transfer without fee charges, using credit/ Debit cards with a 3.3% transaction cost and to deposit safely with an e-wallet from the option of Skrill, Neteller or China Unionpay which translates to 2.9 percent 4, and 1.5 percentage.

The withdrawal process is the same, seamless process which is available via similar payment options. However there is a Formax is an additional fees for withdrawals that vary depending on the method, e.g. Transfer to a bank Transfer will cost you 25$. Credit Card is free from fees, and Skrill is 1% + 2.50dollars per transaction.

The conclusion on Formax

Formax Prime review Formax Prime review is about the company that is highly secure and provides of the technology that allows sophisticated trading. With the ECN environment it is possible for the trader has a clear understanding of how the capital is used as well as the ability to adjust prices and flexibility that is tailored to each client. There is no intervention from the dealer therefore there is no interference with the prices. Therefore, with a solid financial backing, the latest trading technologies , and worldwide resources the broker enables the trader to reap the maximum benefits of the trading with its wide array of offerings