The main objective of this work is to propose a new experimental device able to give for a single specimen a good prediction of rheological parameters and formability under static and dynamic conditions (for intermediate strain rates). In this paper, we focus on the characterization of sheet metal forming. The proposed device is a servo-hydraulic testing machine provided with four independent dynamic actuators allowing biaxial tensile tests on cruciform specimens. The formability is evaluated thanks to the classical forming limit diagram (FLD), and one of the difficulties of this study was the design of a dedicated specimen for which the necking phenomenon appears in its central zone. If necking is located in the central zone of the specimen, then the speed ratio between the two axes controls the strain path in this zone and a whole forming limit curve can be covered. Such a specimen is proposed through a numerical and experimental validation procedure. A rigorous procedure for the detection of numerical and experimental forming strains is also presented. Finally, an experimental forming limit curve is determined and validated for an aluminium alloy dedicated to the sheet forming processes (AA5086).