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
Trust Score B A A
Regulator Financial Conduct Authority Financial Conduct Authority Financial Conduct Authority, ASiC and MAS
Min. Deposit 1000 1 100
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.

Spread Comparison for the 10 Formax Market Alternatives

EUR/USD 1.0
GBP/USD 1.0
Bitcoin N/A
Gold 0.6
DJ 30 1.8
FTSE 100 1.0
Google N/A
Facebook N/A
Visit London Capital Group Website

Losses can exceed deposits. Your capital is at risk.

London Capital Group screenshot
Why choose London Capital Group
  • Over 5,000 Instruments
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
96
Good
AA
Good
Visit London Capital Group

Losses can exceed deposits. Your capital is at risk.

EUR/USD 0.5
GBP/USD 2.1
Bitcoin N/A
Gold 0.5
DJ 30 1.6
FTSE 100 1.0
Google 0.0015
Facebook 0.0015
Visit City Index Website

Losses can exceed deposits. Your capital is at risk.

City Index screenshot
Why choose City Index
  • Used by 140,000+ traders
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
93
V.Good
AAA
Good
Visit City Index

Losses can exceed deposits. Your capital is at risk.

EUR/USD 1.0
GBP/USD 1.8
Bitcoin $18.00
Gold 0.60
DJ 30 3
FTSE 100 1.0
Google 0.2
Facebook 0.1
Visit AvaTrade Website

Losses can exceed deposits. Your capital is at risk.

AvaTrade screenshot
Why choose AvaTrade
  • Used by 200,000+ traders
  • Regulated by Central Bank of Ireland, ASiC, FSA and the FSB
Spreads Support Reputation
V. Good
97
V.Good
AAA
V. Good
Visit AvaTrade

Losses can exceed deposits. Your capital is at risk.

EUR/USD 0.8
GBP/USD 1.2
Bitcoin N/A
Gold 0.4
DJ 30 N/A
FTSE 100 1.0
Google N/A
Facebook N/A
Visit ETX Capital Website

Losses can exceed deposits. Your capital is at risk.

ETX Capital screenshot
Why choose ETX Capital
  • Used by 51,000+ traders
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
92
Good
AA
Good
Visit ETX Capital

Losses can exceed deposits. Your capital is at risk.

EUR/USD 0.7
GBP/USD 0.9
Bitcoin N/A
Gold 4.0
DJ 30 1.0
FTSE 100 0.8
Google 0.02
Facebook 0.02
Visit Core Spreads Website

Losses can exceed deposits. Your capital is at risk.

Core Spreads screenshot
Why choose Core Spreads
  • Over 18 years in business
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
96
Good
AA
Good
Visit Core Spreads

Losses can exceed deposits. Your capital is at risk.

EUR/USD 3.0
GBP/USD 4.0
Bitcoin 225.0
Gold 45.0
DJ 30 600.0
FTSE 100 100.0
Google 27.0
Facebook 8.0
Visit eToro Website

Losses can exceed deposits. Your capital is at risk.

eToro screenshot
Why choose eToro
  • Used by 6 million traders
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
92
V.Good
AAA
V. Good
Visit eToro

Losses can exceed deposits. Your capital is at risk.

EUR/USD 0.01%
GBP/USD 0.01%
Bitcoin 0.64%
Gold 0.03%
DJ 30 0.02%
FTSE 100 0.02%
Google 0.0013
Facebook 0.0022
Visit Plus500 Website

Losses can exceed deposits. Your capital is at risk.

Plus500 screenshot
Why choose Plus500
  • 2000+ Tradable Instruments
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
100
Good
AA
Good
Visit Plus500

Losses can exceed deposits. Your capital is at risk.

EUR/USD 0.6
GBP/USD 0.9
Bitcoin 10
Gold 0.3
DJ 30 1.6
FTSE 100 1.0
Google 1 to 20
Facebook 4 points per side
Visit IG Website

Losses can exceed deposits. Your capital is at risk.

IG screenshot
Why choose IG
  • Over 40 years in business
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
96
V.Good
AAA
V. Good
Visit IG

Losses can exceed deposits. Your capital is at risk.

EUR/USD 0.2
GBP/USD 0.2
Bitcoin N/A
Gold 0.5
DJ 30 2
FTSE 100 0.85
Google N/A
Facebook N/A
Visit Saxo Capital Markets Website

Losses can exceed deposits. Your capital is at risk.

Saxo Capital Markets screenshot
Why choose Saxo Capital Markets
  • Over 6 years in business
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
100
Good
A
Good
Visit Saxo Capital Markets

Losses can exceed deposits. Your capital is at risk.

EUR/USD 0.7
GBP/USD 0.9
Bitcoin N/A
Gold N/A
DJ 30 N/A
FTSE 100 N/A
Google N/A
Facebook N/A
Visit CMC Markets Website

Losses can exceed deposits. Your capital is at risk.

CMC Markets screenshot
Why choose CMC Markets
  • Over 4 years in business
  • Regulated by the Financial Conduct Authority, UK
Spreads Support Reputation
V. Good
96
Good
AA
V. Good
Visit CMC Markets

Losses can exceed deposits. Your capital is at risk.