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Formax reviews




Average: 1.5 based on 2 reviews
1.5
Formax

Formax Forex broker reviews

  • Website:
  • Year since: 2012
  • Headquarters: Auckland, New Zealand
  • Company registration: Formax International Market Ltd., New Zealand
  • Regulation: FSPR (FSP207987) in New Zealand

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REVIEWS & RATINGS

Rating interpetation



China, Wang lee

June 7, 2015



7 years Total
10 days with this Broker
1


Formaxmarket.com worst broker ever checked.
web site : Complex and confusing .
Liquidity : No details
Pairs : many pairs missing ,still need to add such as minor crosses, oil etc
funding/withdrawals : complicated , no straight method
Segregate accounts : NO
Safety of funds : cant say, No assurance provided
Office : no Proper office
Dealing desk : highly
Fund management : Broker deal with fund/trade management , against the rules and regulations.
Operating countries : operating and dealing with countries where forex trading is not illegal, China, Thailand, Hk, India, etc
Board of management : In experienced
Suggestion : stay away

Tags: Formax reviews

AUS,Shanghi1

July 1, 2014



6 years Total
2 months with this Broker
2


I tried this broker, not what it claims to be, spread cost way too high, the claim to be ecn but not pure ecn, customer service is very good, but asking them for anything else errr not great. comparing this broker with other top rated certified brokers they still have a very long way to go. their website still needs work there's a bit of un-transparency through explaining there cost, liquidity provider etc.
Not really good for scalping due to spread being way to high, missing gaps in data at 00 gmt.

Tags: Formax reviews
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