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For more information about Formax Prime Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Competitive spreads starting from 0.2 pips on the ecn raw account.
Regulated by the UK's Financial Conduct Authority (FCA), providing a level of security.
Offers a demo account for risk-free practice and testing of strategies.

Cons

High minimum deposit requirement of £1,000, which may be a barrier for new traders.
Regulatory status is flagged as a "suspicious clone," raising concerns about legitimacy.
No frequent bonus promotions or incentives for new clients.