No broker is perfect, and Formax Market is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to Formax Market:
- Formax Market has a high min. deposit ($/£/€1000)
- Formax Market does not offer MT5
- Formax Market does not offer VPS services
- Formax Market does not offer a DMA account
Whatever your reason, we've got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best Formax Market alternatives.
Top alternative: London Capital Group
The most popular alternative to Formax Market is London Capital Group, a brokerage regulated by the Financial Conduct Authority, UK and over 5,000 Instruments. Another strong alternative is City Index, which is regulated by the Financial Conduct Authority, UK.
Here are some of the key reasons why traders choose London Capital Group and City Index over Formax Market:
|Formax Market||London Capital Group||City Index|
|Regulator||Financial Conduct Authority||Financial Conduct Authority||Financial Conduct Authority, ASiC and MAS|
|Min. Trade||Varies||£0.50||1 Lot|
|Platforms||MT4, Mirror Trader, Tablet & Mobile apps||MT4, Web Trader, Tablet & Mobile apps||MT4, Web Trader, Tablet & Mobile apps|
If you want to read more about London Capital Group, we've put together an in-depth London Capital Group review that explores their platform, spreads, and trading conditions in more detail.Visit London Capital Group
If London Capital Group isn't quite right, we've also listed ten suitable Formax Market alternatives below. You can click between the different instruments to compare each broker's spreads for that instrument.