About Formax Prime

Business ethics

Formax Prime Capital (UK) Limited is one of the world’s leading providers of Forex trading technologies and services to both private and institutional traders.

By utilising our powerful trading platform, traders can gain instant access to our proprietary ‘Straight Through Processing’ (STP) technology, excellent liquidity, dedicated customer services and a broad range of advanced trading tools.

We are a FCA Regulated broker (Reference Number 624225) and the subsidiary of Formax Group Limited, an international financial company with a strong focus on innovation and development of financial technology. Formax has several subsidiaries based in the UK, New Zealand, Hong Kong,China, India, Thailand and Australia.

The group’s rapid growth since 2013 has enabled it to attract significant strategic investmentand capital. With strong financial backing, advanced trading technologies, global resources and our collective experience in financial markets, the Formax group are becoming established as a leading provider of state of the art, diversified and professional financial services.

Code of business integrity & conduct

Formax is committed to establishing and maintaining the highest level of trust and confidence amongst our clients and business partners, based on our values of fairness, integrity and honesty.

Key to those values is the adherence of our employees to the highest standards of ethical and professional duties whilst in our employment. We are committed to eliminating the potential for any unsatisfactory practice that falls below the standards Formax aspires to.

Core business approach

Our success has been achieved through honest competition and the overriding objective to the highest possible standards of value and service. We do not seek competitive advantages through illegal or unethical business practices and we oppose taking unfair advantage in any situation through manipulation, abuse of privileged information, misrepresentation of material facts, or any other unfair practice such as insider dealing.

We are committed to providing our products and services in an efficient and innovative manner that meets our clients’ needs, in a fast, reliable and convenient trading environment.

To our employees, we offer progressive, challenging positions in a professional environment and equal opportunities for performance-based professional development.

To our service providers, we seek to build mutually beneficial relationships, whilst adopting the Formax business perspectives outlined in this policy. To our regulators, we strictly observe and comply with all relevant laws, rules, regulations and standards of best possible business practice. We will not sacrifice legal and regulatory compliance for the sake of profit and we fully cooperate and assist with any investigating authority and/or regulatory body towards the shared goal of client protection in accordance with all FCA requirements.

As a socially responsible company, we offer support wherever possible to organisations and institutions dedicated to social or charitable causes and we are committed to remaining a responsible, law abiding corporate member of society.

Anti-money laundering

Money laundering is the process by which individual(s) or businesses attempt to conceal the origin and ownership of the proceeds of illegal activities. Money laundering may also involve the use of legitimately derived funds to finance terrorism. Financial products and transactions, including those related to the foreign exchange market, may be involved in money laundering schemes.

Formax are determined in not allowing the Company to be used as a vehicle for any such activities. Money laundering is a criminal offense and anyone involved is subject to substantial criminal and civil sanctions, including imprisonment and fines.

Formax implements and monitors on a continuous basis, a number of internal policies, procedures and controls to detect, prevent and report money laundering or any other suspicious activity and will always fully cooperate with any i nvestigating authority wherever possible.