FNG Exclusive… FNG has learned that London based Retail FX and CFDs broker 4T Markets Limited posted a net loss of £300,000 in fiscal year 2023 (year ended March 31), its first full year of operation under its new brand.
As was also exclusively reported here at FNG, the FCA licensed MT4/MT5 broker formally known as Formax Prime was acquired and rebranded as 4T Markets in early 2022. The broker’s new url is 4t.co.uk, with a sister offshore entity in Seychelles operating website 4t.com.
Formax Prime was a broker established mid last decade by Chinese entrepreneur Xi Wang. Formax set up operations (with licenses) in a number of jurisdictions, including the UK, targeting mainly HNW traders, but never really got off the ground. The company was sold last year to UK based…
Read More
