Since the year of 2017, the rapid development of consumer fiance has become the highlight of Chinese economy. According to statistics, short-term consumer loan added 830.5 billion RMB in 2016, and the amount from January to July in this year has already exceeded the total number of last year.
Formax Group recently announced that they have acquired ZuluTrade, a world’s leading fintech company in this month. Due to ZuluTrade’s brand value and huge market impact, the purchase of ZuluTrade has become Formax’s largest acquisition project.
The rapid development of Internet finance has profoundly influenced the industrial structures and systems in recent years. Internet+, sharing economy and travel services are becoming increasingly popular for starting up businesses.
Formax works on the improvement and development of Forex trading, HK stock and US stock trading and financial service technologies on the principles of transparent, fair, safe and stable, striving for providing the best trading experience for both individual and institutional investors from around the world.
Formax has obtained UK FCA license, New Zealand FSP license, Hong Kong SFC type 1 and type 9 licenses and China Private Fund Manager license through its subsidiaries. Formax Group’s business activities are under the protection and supervision of related financial regulation institutions.
Formax has obtained SFC type 9 license for asset management, registration no.: BDG936.
Formax is the member of PIBA (Member no.: 0635), being allowed to conduct insurance broker business.
Formax is a registered private fund manager in China.
Formax has obtained UK FCA licenses for brokerage business and lending business.
Being young and energetic, we have potential for fast growth and bright future.