Formax Prime Capital (UK) Limited are one of the world’s leading providers of Forex trading technologies and services to both private and institutional traders. By utilising our powerful trading platform, traders can gain instant access to our proprietary ‘Straight Through Processing’ (STP) technology, excellent liquidity, dedicated customer services and a broad range of advanced trading tools.
We are a FCA Regulated broker (Reference Number 624225) 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.
The Formax group’s rapid growth since 2013 has enabled it to attract significant strategic investment and capital. With strong financial backing, advanced trading technologies, global resources and our collective experience in financial markets, the Formax group are quickly becoming established as a leading provider of state of the art, diversified and professional financial services.
FORMAX CODE OF BUSINESS INTEGRITY & CONDUCT
The Formax Group believes that the following areas are key foundations on which to build and enhance our products, services and brand. Formax are fully committed to establishing and maintaining the highest level of trust and confidence amongst all clients and business partners. The Formax group has grown significantly around the world with a strong belief in fairness, integrity and honesty. All being vital corporate assets that our reputation depends on. Key to those values is the adherence of our employees to the highest standards of ethical and professional duties whilst under employment.
These guidelines outline the standards which have been established by the company for the future of the company, applying to all staff at all times. These guidelines have been created in order to openly demonstrate the values and principles which Formax as a socially responsible company, and all our employees are instructed to adhere to, thus reducing the potential for any unsatisfactory practice which falls below the standards which Formax aspire to.
CORE BUSINESS APPROACH
Our success has been achieved through honest business competition, with a primary objective being the provision to our clients the highest possible standards of value and service in order to maximise their forex trading experience. We do not seek competitive advantages through illegal or unethical business practices. We strive to deal fairly with our clients, service providers, competitors, and individual colleagues. We oppose taking unfair advantage of anyone through manipulation, abuse of privileged information, misrepresentation of material facts, or any other unfair practice such as insider dealing.
Formax will always aim to ensure that our service levels will be of the highest possible standard, be it any commitments or responsibilities we have towards our clients, employees, service providers, any government authorities, regulators, competitors, the media, and also to society in general. To our clients, we are committed to providing our products and services in an efficient and innovative manner designed to meet their needs, and we offer a trading environment that aims to be fast, reliable, and convenient. To our employees, we offer progressive, challenging positions in a professional environment and equal opportunities for performance-based professional development. To our service providers, we seek to build mutually beneficial relationships, whilst adopting the Formax business perspectives outlined in this policy. To our regulators, we strive to strictly observe and comply with all relevant laws, rules, regulations and standards of best possible business practice. We will not sacrifice legal and regulatory compliance for the sake of profits, and will fully cooperate and assist with any investigating authority and/or regulatory body towards the shared goal of client protection in accordance with all FCA requirements. As a socially responsible company, we will offer support wherever possible to organisations and institutions dedicated to social or charitable causes and we are committed to remaining a responsible, law-abiding corporate member of society.
Legal Name: Formax Prime Capital
Operational Since: 2014 (2004 when Formax Group)
Domiciled Country: United Kingdom
Headquarters City: London
International Offices: Hong Kong, China, Vietnam, India, New Zealand, Australia
Monthly Volume In USD: Undisclosed
Number Of Liquidity Providers: 10
Managed Account Services: 3rd Party
Markets/Instraments: Forex Metals Indices, Commodities CFD’s, Energies
Parent/Subsidiary/Affiliations: Privatley held
Broker Type: ECN/STP
Account Types: Mini Standard ECN
MAM/PAMM Accounts: TBA
Min. Deposit: $100/$1000/$10,000 (Standard) $20k Vip
Minimum lot size: 0.01 / .05
Max Leverage: 1:200 / 1:100
Spread type: Variable
Execution Type: Market
Payment options: Bank Wire, Credit Card, Neteller, Skrill China Union
Withdrawal options: Same as deposited
Accept US clients: No
Currency Pairs Total: 70
Trading platforms: MT4, Mobile
Commission Fees: Up to $4/.1M
News Trading: Yes
Mirror/Social Trading: ZuluTrade Partnership
Scalping: Yes encouraged
Expert Advisors: Yes
Swap Free: Islamic accounts only
API support: Yes
OCO Orders: Yes