publish2018-11-02 2:08 pm

Risk Warning: Your capital may be at risk

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HQBroker Review

What Is HQBroker?

HQBroker is a recently settled Forex broker that is situated in Hong Kong. The platform is overseen by a company called Capzone Ltd. Their office is situated at 7/F, Low Block, Grand Millennium Plaza, 181 Queen’s Road Central, Hong Kong. HQBroker professes to be focused on providing its customers a protected and favorable trading condition, for them to complete their trading exercises. To accomplish this, HQBroker has given them a solid trading platform, NDD execution, and focused spreads on the 250+ financial instruments that it has for trading.

hqbroker homepage

HQBroker Regulations

From what we can tell, HQBroker isn’t directed by any financial administrative specialist. Its office in Hong Kong is just an operational base.

HQBroker Reliability

To guarantee its unwavering quality, HQBroker has received the most recent trading advances to guarantee their customers won’t encounter platform downtime, while they are trading the financial markets. To keep their customers’ close to home data and information safe from programmers, all transactions on the platform are scrambled using SSL encryption technology.

The broker has likewise embraced the industries best practices to enable it to determine any irreconcilable circumstance and additionally to maintain consistence with KYC and AML necessities.

HQBroker Trading Platforms

For trading platforms, HQBroker has furnished its customers with a choice of platforms that depend on the MetaTrader 4 (MT4) platform. The leader platform is the MT4 work area customer platform. The MT4 platform is regularly viewed as the industry standard trading platform, as it has been embraced by most of the forex brokers in the industry. Among traders, it is additionally positioned as a standout amongst the most well known forex platforms, as it is ended up being a dependable platform. The platform additionally accompanies a wide choice of instruments that traders can use to upgrade their trading capacities. The graphs are itemized and support numerous time spans. There is additionally a thorough library of specialized indicators which you can use to overlay over your trading graph, to give you the trading signals. But in particular, the MT4 supports computerized trading with the use of master guides (EAs).

Notwithstanding the work area customer, the MT4 is additionally available as a WebTrader, for the individuals who don’t wish to download and install any product onto their PCs. The WebTrader doesn’t require any product installation and can be gotten to specifically with any internet browser. Its capacities are as complex as the work area form as it uses a similar technology.

HQBroker Mobile Trading

Mobile trading is additionally available at HQBroker with the mobile trading apps given by the broker. These apps are available for nothing out of pocket, and can be downloaded from Google Play store and Apple App Store depending on whether your mobile gadget is Android or iOS powered.

HQBroker Trade Types/Instruments

In terms of trade composes, you can trade in the spot markets or CFDs market at HQBroker. The broker offers a wide determination of instruments covering the spot forex and spot metal markets. With CFDs, you have options of stock indices, items and values to trade with. In all out, there are in excess of 250 different kinds of resources for browse at HQBroker.

HQBroker Account Types

There are 5 different sorts of trading accounts available at HQBroker. They consist of the following:

Starter Account

Minimum Deposit: $250

Minimum Lot Size: 0.01

Spreads: Floating

Account Manager

Silver Account

Minimum Deposit: $5000

Minimum Lot Size: 0.01

Spreads: Floating

Account Manager

Gold Account

Minimum Deposit: $20,000

Minimum Lot Size: 0.01

Spreads: Fixed

Account Manager

Free Bank Wire

Platinum Account

Minimum Deposit: $50,000

Minimum Lot Size: 0.01

Spreads: Fixed

Day by day Analysis

Account Manager

Free Bank Wire

Investor Account

Minimum Deposit: $100,000

Minimum Lot Size: 0.01

Spreads: Fixed

Day by day Analysis

Account Manager

24 Hour Support

Free Bank Wire

HQBroker Commissions and Spreads

HQBroker doesn’t charge any commissions on the trades that traders execute on its platforms. Instead, they are required to pay a little spread over the BID/ASK prices that they get. They can be in the type of settled spreads or floating spreads. What’s more, the spreads that you pay will rely upon the kind of trading account that you are trading from. The higher the levels of the trading account, the lower the spreads. To give you a thought of the kind of spreads that you will experience at HQBroker, we have incorporated a table below showing the run of the mill spreads for a portion of the more famous resources traded.

hqbroker platform

HQBroker Deposits and Withdrawals Options

For deposits and withdrawals, there are 3 main approaches to fund or withdraw from your trading account. They consist of bank wire exchange, real credit or charge cards, and e-Wallets. HQBroker acknowledges all VISA or MasterCard. For eWallets, the broker support fund exchange through Skrill. All the previously mentioned techniques are applicable for depositing funds or withdrawing funds. In spite of the fact that the withdrawals are free, there is a minimum sum that you should withdraw from your account at HQBroker. For wire exchange, the minimum sum is $100. For Skrill withdrawals, you have to withdraw in any event $50. For credit card withdrawals, the sum is $0.01.

HQBroker Bonus and Promotions

At present, HQBroker doesn’t appear to have any kind of bonuses or limited time offers.

HQBroker Customer Support

To take into account its assorted demographic base, HQBroker has made an interpretation of its site into a few noteworthy dialects. Right now, aside from English, you can likewise see the site in French, Russian, Italian, Spanish and Portuguese. For customer support, there are 4 different ways to connect with the support team. You can contact them through email, web contact frame, and live visit; Or by calling them specifically on the phone.

Pros and Cons

Pros

Decisions of trading accounts

Aggressive spreads

Intuitive Trading platform

Support an extensive variety of trading instruments

Cons

Duplicate Trading not supported

No limited phone support

Trading accounts and conditions

HQBroker offers four sorts of live trading accounts, but there is no obviously shown specific information about the spreads or the leverage offered by the broker. The spreads, specifically, are a critical component of the trading and can be a major issue. Typically, the brokers are trying to draw in customers indeed by offering more positive spreads than their opposition, in any event at first sight. Instead, HQBroker has concealed the info in another area of the site. Also, it is as yet not finish – there is no information about the Platinum account spreads.

The facts confirm that the leverage can likewise be alluring, but the more experienced traders know extremely well that the leverage can be a twofold edged knife and the higher the leverage, the greater the hazard, particularly when the minimum required deposit is higher.

HQBroker offers trading in forex sets (a genuinely constrained determination of majors), CFDs on products, value offers, metals and stocks.

Notwithstanding the live trading accounts, HQBroker likewise offers a demo account for testing purposes.

The Company. Security of Funds

HQBroker mark is worked by Hokkaido Investments Sp. z o.o. – a company registered and headquartered in Warsaw, Poland (and not authorized there). However, according to the information in the HQBroker’s terms and conditions, another company goes about as a principal broker for the Hokkaido Investments Sp. z o.o. – Capzone Invest Ltd., incorporated on the Marshall Islands.

The thing about seaward organizations with unstable control, if they have any whatsoever, are to a great degree dangerous to manage, regardless of what they let you know. The Marshall Islands, Saint Vincent and the Grenadines, the Seychelles or other radiant spots with decent shorelines, low duties and careless business necessities, as a general rule draw in false organizations looking to make a speedy eject and profit.

Trading platform

Like most by far of forex brokers, HQBroker offers the prominent MetaTrader 4 as a trading platform. There is likewise the alternative to use the mobile applications of MT4 or the online adaptation.

In over 10 years MT4 has figured out how to wind up the most loved of brokers and traders alike. It is as yet the favored platform, regardless of the endeavors of the engineer MetaQuotes Software to push forward the successor MetaTrader 5. MT4 is a steady and solid multiasset platform that offers various features and options, charting and analysis instruments and supports master counselors.

Methods for payment

HQBroker gives a perfect choice of payment options that, notwithstanding the pretty much standard bank exchanges and credit/charge cards, includes online payment platforms and prepaid cards like CashU, Paysafe Card, Web Money, Yandex Money, Skrill, Moneta.ru, China Union Pay and AliPay. All options, aside from the bank exchange, are executed instantly.

hqbroker features

Conclusion

We unequivocally prompt against trading with unregulated forex brokers like HQBrokers.

There are a lot of legitimately controlled brokers who offer comparable or better trading conditions and are managed by genuine controllers like UK’s FCA or the ASIC. Furthermore, the instrument arrangement of a large portion of them are considerably greater and some of them even offer leveraged trading on the increasingly prevalent digital currencies (generally CFDs).

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