Broker comparison

SmartProfitFX vs 4T Markets

4T Markets is the current name of the UK company formerly called Formax Prime Capital (UK) Limited. Companies House records the name change under company number 08891879, while current 4T and FCA sources identify 4T Markets Limited and www.4t.co.uk as the active firm. The most important eligibility fact is that 4T's current homepage says it does not offer services to retail investors and that its website and contact details are intended for professional and institutional clients only.

Also searched as: 4T, 4T Markets Limited, 4t.co.uk, Formax, Formax Prime, Formax Prime Capital, Formax Prime Capital (UK) Limited, Formaxmarket, formaxmarket.co.uk, formaxprime.co.uk, www.4t.co.uk, www.formaxprime.co.uk

Source checked 2026-06-0921 official sourcesSmartProfitFX is not the regulated brokerAffiliate links may compensate SmartProfitFX
Current name
4T Markets
Companies House lists 4T MARKETS LIMITED as active and records FORMAX PRIME CAPITAL (UK) LIMITED as its previous company name.
Current audience
No retail investors
The live 4T homepage says services are not offered to retail investors and content/contact details are for professional and institutional clients only.
Platforms
MT4 & MT5
4T's platform page describes MetaTrader 4 and 5 across desktop, browser and mobile, with indicators, charting tools and Expert Advisor support.
Identity caution
Clone warning
The FCA warns that UCFX Markets and BL Markets are clones; the genuine firm details point to 4T Markets Limited and www.4t.co.uk.

Verdict

The practical comparison is between SmartProfitFX powered by Eightcap for eligible non-U.S. traders and 4T Markets for qualifying professional or institutional clients. Formax is not a separate active broker to list: it is the former company name behind the current 4T Markets entity. 4T has a live broker site and current FCA/Companies House identity evidence, but its professional-only homepage restriction makes it unsuitable for retail users.

Why pick SmartProfitFX

Use it for the Eightcap-powered retail trading setup

SmartProfitFX can fit eligible non-U.S. retail traders who want Eightcap-powered platform access, broad CFD market coverage, Raw or Standard account styles, funding resources, support context and the $1 lower round-trip commission than opening directly with Eightcap.

Why 4T Markets may fit

Use it only if you qualify for its current audience

4T Markets may fit professional or institutional clients who want its FCA-authorised UK entity, MT4/MT5 access, rolling spot FX, aggregation technology, execution-policy framework and published professional-client trading information.

Old-name cleanup

Formax belongs on the 4T Markets page

Companies House directly links the old Formax Prime Capital (UK) Limited name to current 4T Markets Limited. Formax and Formax Prime should remain visible as historical search terms, not separate active broker pages.

Quick comparison

Research checked 2026-06-09. Broker terms can change; verify current official documents before opening or funding an account.

CategorySmartProfitFX powered by Eightcap4T Markets
Best fitEligible non-U.S. retail traders who want the SmartProfitFX account experience powered by Eightcap, including platform, market, account-style, funding and support resources plus the $1 lower round-trip commission versus opening directly with Eightcap.Professional or institutional clients who pass 4T Markets' onboarding and want its current UK entity, MT4/MT5 platforms, rolling spot FX service and published execution framework.
Current and former namesSmartProfitFX should be described as an account-opening option powered by Eightcap, not the regulated broker.Use 4T Markets as the current name. Companies House lists Formax Prime Capital (UK) Limited as the previous company name of the same company number, 08891879.
Retail eligibilitySmartProfitFX eligibility follows current SmartProfitFX and Eightcap restrictions and should not imply U.S. availability.4T's current homepage states that 4T Markets Limited does not offer services to retail investors and that website information and contact details are intended for professional and institutional clients only.
PlatformsSmartProfitFX users should verify current Eightcap-powered platform access for their country and account type, including MetaTrader and TradingView-style workflows where available.4T's platform page covers MT4 and MT5 for desktop, browser and mobile, including charting tools, technical indicators, one-click trading and custom Expert Advisors.
MarketsEightcap source material describes broad CFD market access. Confirm the current Eightcap-powered market list for the applicable entity and country before trading.4T's current listed product page focuses on rolling spot foreign exchange and lists currency pairs with published contract, pip, leverage and trading-hour information.
CostsCheck current Eightcap-powered spreads, commissions, swaps, funding fees and account terms before funding.4T's charges page says its main revenue source is the market spread, displays indicative starting spreads, and describes overnight financing. It also lists a £50,000 new-account minimum, while the forex FAQ block lists $1,000, so applicants should obtain written confirmation.
LeverageSmartProfitFX users should read the applicable Eightcap leverage and margin disclosures for their account and country.4T's forex page lists leverage up to 1:25 for the displayed currency pairs and says account leverage can be up to 1:25 depending on risk appetite. Treat this as date-checked professional-client information.
Entity and regulationSmartProfitFX should not be presented as the licensed broker; regulatory facts belong to the applicable Eightcap entity or the compared broker.4T and the FCA identify 4T Markets Limited under FCA FRN 624225. Companies House lists company number 08891879 as active and records the former Formax Prime Capital name.
Client moneyVerify the applicable Eightcap entity's client-money, protection and account terms before funding.4T's client-money page says client money is segregated from company funds at top-tier banks. Because that page uses retail-client wording while the homepage excludes retail investors, qualifying applicants should confirm how the policy applies to their classification.
Risk and identitySmartProfitFX users should read Eightcap-powered risk, leverage and margin disclosures before trading.4T's risk and terms pages warn about leverage, volatility, margin calls, position closure and losses that may exceed cash held. The FCA separately warns that UCFX Markets and BL Markets are clones and names www.4t.co.uk as the genuine site.

4T Markets and Formax source-checked brief

This brief resolves the old Formax identity, current 4T Markets status, professional-only eligibility, platform, pricing, client-money, execution and risk facts from current broker, FCA and Companies House sources.

Identity

Formax became 4T Markets

  • Companies House lists 4T MARKETS LIMITED as active under company number 08891879.
  • The same Companies House record lists FORMAX PRIME CAPITAL (UK) LIMITED as the company's previous name from 24 February 2014 through 10 November 2021.
  • Current 4T pages identify 4T Markets Limited, company number 08891879 and FCA FRN 624225.
  • The old formaxprime.co.uk domain has no current DNS answer, while formaxmarket.co.uk redirects away from an active broker site to a third-party directory.
Eligibility

The current homepage excludes retail investors

  • The 4T homepage states that 4T Markets Limited does not offer its services to retail investors.
  • The homepage says website information, content and contact details are intended for professional and institutional clients only.
  • Other current 4T pages still contain retail-client wording, so the restrictive homepage statement should control listed eligibility copy until 4T clarifies otherwise.
Platforms and markets

MT4, MT5 and rolling spot FX

  • 4T's platform page describes MT4 and MT5 for desktop, web and mobile with charting tools, technical indicators, one-click trading and Expert Advisor support.
  • The forex page says 4T offers spot currency trading in the form of Rolling Spot and lists a range of currency pairs.
  • The technology page describes an aggregation engine combining liquidity sources in real time and infrastructure in London, New York and Tokyo.
  • The execution policy says orders are placed on MT4 or MT5 and immediately hedged with liquidity providers using a straight-through processing model.
Costs

Published pricing needs confirmation

  • 4T's charges page says opening an account is free and its main revenue source is the market spread.
  • The charges page displays indicative starting spreads of 1 pip for EUR/USD, 1.1 pips for USD/JPY, 1.4 pips for GBP/USD and 1.5 pips for USD/CAD.
  • The charges page describes overnight financing and says spreads vary by instrument and should be checked in the live platform.
  • The charges page lists a £50,000 minimum for a new account, while the forex page's FAQ block says the minimum deposit is $1,000. Applicants should obtain current written terms before funding.
Regulation and clones

Use only the genuine 4T details

  • The FCA Register identifies 4T Markets Limited under reference number 624225 as authorised for specific activities and product types.
  • The FCA's UCFX Markets / BL Markets clone warning says those names are unauthorised clones with no connection to the genuine 4T Markets Limited.
  • The FCA clone warning gives the genuine firm's website as www.4t.co.uk and the genuine phone number as +44 20 3819 3100.
  • 4T's own homepage states it is not affiliated with BL Markets or UCFX Markets Indicator.
Risk

Leveraged FX risk remains substantial

  • 4T's risk disclosure says leverage can cause a small underlying-market movement to have a disproportionate effect and can result in loss of the entire margin amount.
  • The terms say the trading service can produce losses exceeding the cash balance held on the account and may require additional funds at short notice.
  • The terms warn that open trades may be closed and working orders cancelled without notice if additional funds are not supplied.
  • The current homepage displays a high-risk warning for spot FX and CFDs and says a large share of retail CFD accounts lose money, even though the same homepage currently excludes retail investors.

Important 4T Markets caveats

These caveats prevent old Formax search demand and mixed 4T source wording from producing a misleading retail-broker listing.

Eligibility

Professional and institutional only

Treat 4T Markets as unavailable to retail investors unless the current homepage restriction changes and the account-opening route confirms retail eligibility.

Old name

Formax is historical

Formax Prime Capital (UK) Limited is the former legal name of current 4T Markets Limited. Formax should not appear as a separate active broker.

Clone risk

Use www.4t.co.uk

The FCA identifies BL Markets and UCFX Markets as clones. Verify the firm and contact details through the FCA Register and genuine www.4t.co.uk route.

Pricing

Minimum-deposit pages conflict

The live charges page lists a £50,000 new-account minimum while a forex FAQ block lists $1,000. Obtain written current terms before relying on either figure.

Source consistency

Some legal copy still references retail clients

Several legal and client-money pages mention retail clients, but the current homepage expressly excludes retail investors. Eligibility copy should follow the stricter current homepage statement.

Risk

Losses may exceed cash held

4T's terms and risk disclosures describe leveraged-market, margin, liquidity, volatility and additional-funding risks. Professional classification does not remove those risks.

Who should choose which?

Choose based first on eligibility, then on the applicable entity, platform, product set, written costs and risk disclosures.

Choose SmartProfitFX if
  • You are an eligible non-U.S. retail trader seeking the SmartProfitFX account experience powered by Eightcap.
  • You want Eightcap-powered platform, market, account-style, funding and support resources.
  • You value the $1 lower round-trip commission versus opening directly with Eightcap where applicable.
  • You do not qualify for, or do not want, a professional/institutional-only 4T Markets relationship.
Choose 4T Markets if
  • You qualify as a professional or institutional client under 4T's current onboarding rules.
  • You want the current 4T Markets Limited relationship rather than searching for the retired Formax name.
  • You want MT4/MT5, rolling spot FX and 4T's published aggregation and execution model.
  • You have independently verified the genuine www.4t.co.uk route, current written costs, deposit minimum and risk terms.

FAQs

Is Formax still an active broker?

Not as a separate current broker name. Companies House records Formax Prime Capital (UK) Limited as the previous name of active 4T Markets Limited, company number 08891879. Current broker and FCA sources use 4T Markets and www.4t.co.uk.

Can retail traders open a 4T Markets account?

The current 4T homepage says 4T Markets Limited does not offer services to retail investors and that its website information and contact details are intended for professional and institutional clients only.

Why mention Formax on the 4T Markets page?

Formax and Formax Prime Capital are old names tied to the same UK company. Keeping those names on the current 4T Markets page helps old-name searchers reach the active canonical firm without creating a duplicate broker listing.

Is 4T Markets FCA authorised?

The FCA Register identifies 4T Markets Limited under FRN 624225 as authorised for specific activities and product types. Always check the full FCA permissions and use the genuine contact details before engaging.

Are BL Markets and UCFX Markets connected to 4T?

No. The FCA warns that UCFX Markets and BL Markets are unauthorised clones with no connection to the genuine 4T Markets Limited. The FCA identifies www.4t.co.uk as the genuine website.

What is the 4T Markets minimum deposit?

The checked listed sources conflict: the charges page lists a £50,000 new-account minimum, while a forex-page FAQ block lists $1,000. A qualifying applicant should obtain the current requirement in writing before funding.

Sources checked

Source date: 2026-06-09. 4T Markets facts come from current 4T pages, the FCA Register, an FCA clone warning and Companies House. Formax-domain checks are used only to resolve old-name status.

Compare the sources before opening

If SmartProfitFX powered by Eightcap is the better fit, use the SmartProfitFX account link so the account opens through SmartProfitFX.

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