Accounts Introduction

Formax Normal (trading) Account

Formax provides online foreign exchange trading platform with a variety of products like foreign exchange, gold, silver and crude oil for clients all over the world. The advanced order execution makes good trading experience for you. There are many functions for formax account like deposit, changing information, checking trading history, editing leverage and etc.,

FORMAX Trading Account Features:

  • • Allow all the trading strategies.
  • • The highest leverage is 1000 to meet the different risk requirement.
  • • Compatible with kinds of EA and hedging is available.
  • • 41 pairs of Forex and CFD including metal and oil.
  • • Virtual server insures your safety in trading.
  • • STP with market price offered via bank, and quick execution within 0.01 second.
  • • Deposit is insured by FSCL Newzealand with up to 200,000nzd compensation.
  • • Analysis and news about foreign exchange market updated everyday.
  • • 24 hours online cs support.

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Formax Islamic Account

Islamic account is swap free account which is available for the trader whose religion is Islam. There will be not restriction time of keeping position without any swaps.

Other rules and restrictions is the same as Formax normal account, all the activities in Formax is available for the clients in Islamic account. Please submit your request for swap free account via online cs.

Note: the proof of Islam is the must for applying the swap free account, Formax keeps right to approve or cancel the request.

Account Details:

Details Islamic trading account details
Trading platform: MetaTrader 4, CopyMaster and mobile
spreading: floating
Trading products: FOREX, commodities and etc.,
The fifith decimal point: yes
The highest leverage: 1000
Execution: Market price
Minimum deposit: No restriction
Minimum volume: 0.01 lot
Minimum adding position: 0.01
Maximum volume: 100 lots for FOREX and 30 lots for Commodities
Extra margin call and margin rate of automatically closing the position: 120% / 100%
Mobile trading: YES
Type of currency in account: USD
Swap: NO

FORMAX ECN Account

FORMAX ECN account is based on FORMAX MT4 trading platform, provided by for the clients who prefer low cost trading, the price is accurate to 5 decimal places. Choose FORMAX to open an ECN account means that each of your transaction is through the exclusive ECN system channel for processing, no interference by liquidity traders, FORMAX‘s excellent cooperation mechanism gives you the best market price, and guarantee the FORMAX-ECN account for outstanding trading stability and speed. You can ask for the details of FORMAX-ECN account from FORMAX account manager.

Details ECN account details
Trading platform: MetaTrader 4
Spreading: floating
Trading products: FOREX, commodities and etc.,
The fifith decimal point: yes
The highest leverage: 100
Execution: Market price
Minimum volume: 0.01 lot
Minimum adding position: 0.01
Maximum volume: 100 lots for FOREX and 30 lots for Commodities
Extra margin call and margin rate of automatically closing the position: 120% / 100%
Mobile trading: YES
Type of currency in account: USD
Swap: Yes