Formax "ECN" Forex Trading Account "Real Time & Actual Spread"
The Real Time Spread of New UK Forex Broker, Formax with ECN MT4.
Notice
This Post has ended its release period. Please check Formax's latest information and campaign on Formax's company introduction page.
Formax - What's now?
We are no longer promoting Formax. The information regarding to Formax on the website 'Hercules.Finance' maybe outdated. ref. Formax
Formax(or Formax Prime Capital (UK) Ltd.) is relatively a new Forex broker based in UK. The broker is regualted by FCA and strives to offer ECN trading execution through MT4 trading platform.
The broker’s main advantages are:
- Unlimited Trading Conditions without any restrictions
- ECN and fast Execution quality
- Tight Spread with Low Commissions
Formax doesn’t offer any bonus promotions though, are their spreads are really tight?
Let’s see the actual spread of “ECN Commission Free” account of Formax.
The below spreads are captured in November 2016, during normal trading hours.
As there is no commissions, the above spread is the all trading costs for traders.
As you can see, the minimum average spread is around 1.1 – 1.3 pips. It is around the average or lower than that among hundreds of Forex brokers.
Formax’s ECN commission free account offers spread as low as 0.6 pips. As the broker offers ECN trading environment, their business is all about trading volume.
Formax is willing to offer Forex pairs with even lower costs for traders with large trading volume.
Higher the volume, the lower the spread it can be.
If you prefer even lower trading cost, you can also simply open “ECN Raw Spread Account” with ￡3 per 1 lot commissions.
Please note that the required minimum deposit amount for “Raw Spread Account” is 5,000 USD, and “Commission Free Account” is 1,000 USD.
You can find more information about Formax from the page below.
https://herculesfi.wpenginepowered.com/forex-broker/formax/
