Formax Account Type

　　Formax offers several account types tailored to meet the diverse needs of traders. The main account types available are:

• Standard Account:
• Minimum Deposit: £1,000
• Spreads: Variable from 0.1 pips
• Maximum Leverage: 1:500
• Trading Products: All available assets including forex, commodities, indices, and cryptocurrencies.
• ECN Zero Account:
• Minimum Deposit: £10,000
• Spreads: Zero on major currency pairs
• Maximum Leverage: 1:200
• Trading Products: All except cryptocurrencies.
• ECN Pro Account:
• Minimum Deposit: £50,000
• Spreads: From 0.0 pips on major currency pairs
• Maximum Leverage: 1:100
• Trading Products: All except cryptocurrencies.

　　Each account type offers different trading conditions, allowing traders to choose the one that best fits their trading strategy and capital.

　　

Formax Broker Account Opening Process

　　Opening an account with Formax is a straightforward process. Here are the steps to get started:

• 　　Visit the Website: Go to the Formax website and click on the “Open Account” button located in the top right corner.

• 　　Complete Registration: Fill out the account registration form with your personal information, including your name, address, email address, and phone number. Create a password for your account.

• 　　Choose Account Type: Select the account type that suits your trading needs (Standard, ECN Zero, or ECN Pro) and make a deposit using one of Formax's accepted payment methods.

• 　　Verify Your Account: Provide proof of identity and address to verify your account. This typically involves submitting a copy of your government-issued ID and a recent utility bill or bank statement.

• 　　Start Trading: Once your account has been verified, you can start trading on the Formax platform.

　　This process ensures that your account is set up securely and in compliance with regulatory requirements.