Established in 2014, Formax Prime has risen to prominence in the forex market, solidifying its presence as a leading player in the industry. Based in London, UK, with additional offices in Hong Kong, Shanghai, and Shenzhen, Formax Prime boasts a global reach. A demo account is available, as is typical with nearly all spot Forex and CFD brokers. On the other hand, while they do utilize MT4, it is the solitary trading platform used. The full company name is Formax Prime Capital (UK) Limited, which is also its trading title.
However, the payments we receive can influence the products, companies, or services we highlight and evaluate. Formax Prime Review explained by professional Forex trading experts the “ForexSQ” FX trading team. Formax Prime Capital do not impose any minimums requirements on deposits or withdrawals, but the channels themselves may do so. There are no bonuses and promotions on offer at the time of writing, as they are banned by Forex Prime Capital’s regulator, the FCA.
For more information about currency trading brokers visit TopForexBrokers.com Forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about Formax Prime Review. We are a FCA Regulated broker (Reference Number ) and the subsidiary of Formax Group Limited, an international financial company with a strong focus on innovation and development of financial technology. At present Formax has several subsidiaries based in the UK, New Zealand, Hong Kong, China, India, Thailand and Australia.
This gives the typical retail investor access to the same liquidity as much bigger players in the market. Formax Prime Capital (UK) Limited believe in developing long term partnerships with clients from day one, ensuring 24/5 support by phone and live chat via the website. Formax Prime offers a variety of deposit and withdrawal methods, making it convenient for clients to manage their trading accounts. Formax Prime offers 24/5 customer support in multiple languages, ensuring traders receive assistance when they need it most. Our dedicated support team is committed to resolving queries and issues promptly.
Can you explain Formax Prime’s account types?
Formax Prime is regulated by the FCA (Financial Conduct Authority), which imposes stringent regulations to safeguard clients’ funds. This regulatory oversight ensures transparency and security in all financial transactions. Nevertheless, the online education is enabled to all clients along with the Demo account opening possibility, which is the risk-free trading environment.
Furthermore, payments forms for investors include the ability to carry out deposits and withdrawals through bank transfers or with a debit or credit card. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. After all, the combination between the factors of the security, stability of MT4 for complete trading along with the low latency trading capabilities make a meaningful difference to the proprietary technology trading. The origin conceals and ownership of the proceeds involves the use of legitimately derived funds to finance Formax are determined in not allowing the company to be used for any such activities.
Related Forex Brokers
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The Formax group’s rapid growth since 2013 has enabled it to attract significant strategic investment and capital. MT4, a renowned and user-friendly trading platform in the forex industry, empowers traders with an array of essential features and tools. It encompasses technical analysis, trading signals, and automated trading capabilities.
One of the hallmarks of an ECN broker is that they are “on your side”. In other words, they can’t trade against you as they only STP trades to tier one liquidity providers. This is not always the case in the FX market – some brokers will profit from your losses. ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers.
Top 3 Forex Brokers
- For seasoned professionals, Formax Prime EDGE stands as an exclusive offering.
- Respectable mobile apps for all major mobile platforms such as iOS, Android, Windows, Blackberry, and Kindle Fire offer full functionality and the ability to be in control of an account anywhere, anytime.
- In other words, they can’t trade against you as they only STP trades to tier one liquidity providers.
- Through the ECN environment, the trader gains a clear picture of how the capital is deployed, also with the flexibility and competitive pricing tailor to every client.
In 2018, it clinched the prestigious “Best Forex Broker” award at the China Forex Expo, a testament to its exceptional services. Furthermore, the company has been nominated for several other prestigious awards, including the esteemed “Best Forex Trading Platform” award. These accolades underscore Formax Prime’s unwavering dedication to delivering top-tier services and products to its valued clients. The company places a strong emphasis on regulatory compliance and client fund security, as evidenced by its regulation by the Financial Conduct Authority (FCA) and its operating license in the UK.
Formax Prime is committed to empowering traders with the tools and knowledge needed for success in the dynamic world of trading. Our educational resources and support structures are designed to elevate traders’ confidence and competence in making informed trading decisions. In addition to forex, Formax Prime caters to those interested in commodities, including precious metals, energies, and soft commodities. This range of options enables traders to participate in markets beyond currencies, diversifying their portfolios and spreading risk. These varied account options enable traders to select the one that best aligns with their proficiency level and trading volumes.
This proprietary platform excels with advanced charting tools and real-time market blackbull markets review data, catering to the exacting demands of experienced traders. It boasts a rich suite of order types, such as limit orders, stop-loss orders, and trailing stop orders. Moreover, Formax Prime EDGE empowers traders to craft and adapt their own indicators and trading strategies, facilitating precision trading execution.
Instead, shakepay review they emphasize their goals modestly as offering total transparency, and a great service. The transparency comes in the form of both honesty and the no dealing desk, straight through processing prices that are offered for trading. We find this a refreshing approach, and consider any broker that has gone through the very onerous process of securing approval from U.K.
MT4’s inherent flexibility enables traders to customize it to align perfectly with their unique preferences and requirements. 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.
Comment (0)