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Formax Prime
Regulatory Status
UnverifiedRegulation & License
Regulatory note: No valid regulatory information found. Proceed with caution.
Score
1.58 /10 Regulation
0.00
License
0.00
Business
7.57
Software
4.00
Risk Control
0.00
Formax Prime Comprehensive Review
Formax Prime shows overall weak performance, not recommended for risk-sensitive investors, with a composite score of 1.58, an unverified regulatory status in the United Kingdom with no forex trading license found, and an operational history of 5-10 years; the entity's business scope is marked as Suspicious Operational Region, indicating severe risk warning. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information. Please verify all entity details independently before trading. (Updated: 2026-05-23)
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Is Formax Prime Safe
Is Formax Prime properly regulated and safe to trade with?
Formax Prime's primary forex license status is reported as unverified by the UK's Financial Conduct Authority (FCA). The FCA license, number 624225 for 'Inst Forex Execution (STP)', is registered to the holding company 4T MARKETS LIMITED but its current validity is not confirmed. This lack of verified regulatory oversight, combined with the broker's identified suspicious operational regions, constitutes a severe risk profile. Traders are strongly advised to verify any claimed licenses directly on the FCA's official register before considering any engagement.
What is Formax Prime's safety profile across all key assessment areas?
Formax Prime carries a composite score of 1.58, with a regulatory rating of 0.0, risk control rating of 0.0, software rating of 4.0, business rating of 7.56, and license rating of 0.0 — indicating significant concerns in multiple areas of oversight. The composite score of 1.58 aggregates all individual safety dimensions. Each sub-score reflects a specific area: regulatory and license scores pertain to legal oversight, risk control to capital protection, software to trading infrastructure, and business to commercial transparency. Traders should carefully consider each dimension in light of their personal priorities.
What are the operational features of Formax Prime?
Formax Prime is a broker with 5-10 years of operational background based in the United Kingdom. The broker's platform operates on widely-used industry software, earning a software index score of 4.0. Its business scope has been flagged with a region of operation warranting caution. The minimum deposit requirement and the total number of tradable financial instruments are not currently publicly disclosed; readers are advised to consult the broker directly for these specific account and product details before proceeding.
How does Formax Prime's execution environment and software perform?
Formax Prime's average execution speed, server count, and trading environment grade are not currently disclosed, and the broker does not explicitly list its supported trading software. A specific execution speed in milliseconds is unavailable, making it difficult to assess order-to-fill responsiveness. Furthermore, there is no detailed count of available trading servers, and the internal website rating for its overall execution conditions is not published. Readers may cross-reference with other internal sub-scores for a broader risk profile.
What trading instruments does Formax Prime offer?
Formax Prime's specific list of tradable instruments is not currently disclosed. The total instrument count is also not currently disclosed. The list of NOT-offered main categories is not currently disclosed; readers should verify coverage against their own trading needs.
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Formax Prime Regulation & License
- No regulatory information available
Note: The above regulatory information is sourced from the official Formax Prime website.
Basic Information
Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
Formax Prime Capital（UK）Limited
Customer Service Email Address
support@formaxprime.co.uk
Contact Number
+44（0）20 3819 3100
Company Website
https://www.formaxprime.co.uk/
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Frequently Asked Questions about Formax Prime
Is Formax Prime a regulated forex broker?
Formax Prime's primary regulatory status is unverified. A license from the UK's Financial Conduct Authority (FCA) is listed with the number 624225 for 'Inst Forex Execution (STP)', but its current validity is not confirmed. The broker's overall regulatory rating is 0.0, and no specific, verified forex trading license has been identified. Traders should independently verify any license claims on the FCA's official register before proceeding.
What are the main safety signals for Formax Prime?
The key safety signals for Formax Prime are its unverified regulatory status and a very low composite score of 1.58. Its regulatory and license index scores are both 0.0, indicating a lack of validated oversight. Furthermore, the broker's business scope is flagged as a suspicious operational region. These factors collectively form a severe risk profile that traders should thoroughly investigate before any engagement.
Is Formax Prime expensive to trade with?
Formax Prime does not publicly disclose its trading costs, including spreads and commission structures. The minimum deposit requirement is also not currently disclosed. Without this essential pricing information, it is impossible for traders to objectively assess if the broker's conditions are competitive or cost-effective. You should contact the broker directly to obtain full details on account fees and trading costs.
Does Formax Prime support common trading platforms?
Should I consider trading with Formax Prime?