BrokAIr Reviews

Formax Market Review

Formax Market has been surprisingly successful in providing a reliable and user-friendly online brokerage platform - but can this online broker really offer something for everyone?

Did you like this broker?

Overview of Formax Market

Formax Market is an online brokerage founded in 2020. It offers a large range of products and services, including Forex, CFDs, stocks, futures, commodities, and indices. With more than 200 assets to choose from, Formax Market provides a comprehensive portfolio of trading and investment options. The company is regulated by the Financial Conduct Authority and has a wide range of customer support options.

Pros & Cons of Formax Market

Pros:

Cons:

Founders of Formax Market

Formax Market was founded by a group of experienced financial professionals with over 20 years’ experience in the industry. The founders have experience in multiple areas such as trading, risk management, analytics and customer service. They are dedicated to providing the best possible trading experience for their clients.

Public Opinion on Formax Market

Overall public opinion on Formax Market is positive. People appreciate the fact that the company is regulated by the FCA, has competitive spreads and offers excellent customer service. Some people are concerned about the limited choice of payment methods and the lack of a demo account to practice trading.

News Events Around Formax Market

Formax Market recently announced that it had become a Member of the Financial Services Compensation Scheme (FSCS). This means that clients’ deposits are protected up to £85,000 in case of insolvency or bankruptcy. Additionally, Formax Market has launched its own mobile app for Android and iOS users. The app provides access to all the features available on the desktop platform.