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Formax Prime Deposit
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.
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Compare broker deposits: low/no minimums, forex no-deposit bonuses. Start trading with minimal funds.