Trust Brokers Review https://trustbrokersreview.com/ Trading Platform Review Mon, 17 Jul 2023 20:34:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.5 https://trustbrokersreview.com/wp-content/uploads/2022/03/Trust-Brokers-icon.png Trust Brokers Review https://trustbrokersreview.com/ 32 32 marginfxmarket.com review https://trustbrokersreview.com/brokers/marginfxmarket-com-review/ https://trustbrokersreview.com/brokers/marginfxmarket-com-review/#respond Tue, 26 Jul 2022 19:01:01 +0000 https://trustbrokersreview.com/?p=392 VIsit Website Open an Account Leverage: 1:30Regulation: SVGMin. Deposit: 250 US$HQ: FinlandPlatforms: Margin FX Markets, MT4, MT5Found in: 2015 Margin FX Markets Licenses Margin FX Markets – authorized by saint vincent and the grenadines registration no. 438862 Margin FX Markets Corp – authorized by Securities Commission of the Bahamas registration no. 199802 B What is Margin FX Markets? […]

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Leverage: 1:30
Regulation: SVG
Min. Deposit: 250 US$
HQ: Finland
Platforms: Margin FX Markets, MT4, MT5
Found in: 2015

Margin FX Markets Licenses

  • Margin FX Markets – authorized by saint vincent and the grenadines registration no. 438862
  • Margin FX Markets Corp – authorized by Securities Commission of the Bahamas registration no. 199802 B

Margin FX Markets is an independent brokerage firm founded in 2015 in Finland as a small brokerage house and now has developed into a global broker firm for retail and institutions.

In 2018 company had moved its headquarters to Helsinki while showed rapid growth through Europe and became a market leader in Italy, Germany and France, then followed across Australia, South America, Russia and South East Asia. Recently, Margin FX Markets serves also an office in Dubai to cover Middle East trading needs.

Is Margin FX Markets good broker

Margin FX Markets offer a wide range of benefits that make trading the financial markets smooth and pleasant while giving traders the opportunities they need to be successful in both short and long terms.

Proposed benefits including access to diverse financial instruments, awarded platforms, full trading solutions and exceptional trading tools. With Margin FX Markets client can trade more than 50 currency pairs, cryptocurrencies, metals, indices, commodities, shares and ETFs, also UK client can access spread betting.

Actually, there are many regards and recognition that have been proved Margin FX Markets successful years, while official figures prove it even more than needed:  95 % – Customer satisfaction, in its latest survey overall experience with Margin FX Markets was described as good or excellent by 9 out of 10 of its clients.

Margin FX Markets is a reliable broker with great trading environemtns, powerful technology and one of the lowest spreads based on our test trades. There are MT4, MT5 and proprietary Margin FX Markets platforms

Low Forex fees and Excellent support, learning and research tools.

For the Cons, Conditions may vary according to regulation and entity and support isn’t 24/7.

10 Points Summary
🏢 HeadquartersFinland
🗺 RegulationSVG
📉 Instruments50 currency pairs, cryptocurrencies, metals, indices, commodities, shares and ETFs
🖥 PlatformsMargin FX Markets, MT4, MT5
💰 EUR/USD Spread0.63 pips
💰 Base currenciesUSD, GBP, EUR
💳 Minimum deposit250 US$
🎮 Demo AccountAvailable
📚 EducationEducation center and contests
☎ Customer Support24/5

Margin FX Markets broker has fully regulated status by the reputable SVG, so traders can be assured your investments are safe and considered low-risk Forex trading. The broker actively improving their services through the years and have been able to establish a reputation of a trusted and reliable company to cooperate with.

Is Margin FX Markets legit?

Margin FX Markets is authorized and regulated under SVG (UK) and is a member of the Financial Services Compensation Scheme. Moreover, the broker serves office in Dubai and is also regulated by the Dubai Financial Services Authority along with its offshore entity in the Bahamas.

In addition, to ensure advanced trading safety, Margin FX Markets provides protection from a negative account balance, storage of the funds in segregated accounts and additional insurance to up to 1,000,000$ (which is a quite rare state among the brokers).

As for the trading conditions, Margin FX Marketsx chooses the optimal path to maximize the offer with tight spreads, leverage up to 1:1000 with no hidden fees and no-requotes or rejections policy, enhanced by fast direct execution.

  • However, the mentioned leverage of 1:1000, available for the residents who trade with Dubai or the Bahamas entity of Margin FX Markets.
  • The main offering of Margin FX Markets complies to SVG regulationwhich strictly restricts leverage to a maximum of 1:30 for major currency pairs.  

The Margin FX Markets accounts diverse only according to the trader type, means broker offering either Individual Account (allows to trade mini and micro lots) or Professional Account (which involves some rules for opening, alike significantly large transactions, the size of the financial portfolio must exceed 500,000$).

Among widely offered Trading instruments with a choice to trade Forex, Cryptocurrencies, Indices, Shares, Commodities and SpreadBetting for UK residents, you may also access to the most important Fixed Income contracts such as the US T-Note and the German Bund.

Margin FX Markets are depending on the account type you use but mainly built into a spread. See fee table below with funding fees and non trading fees to be considered.

 
FeesMargin FX Markets FeesSwissquote feesCMC Markets Fees
Deposit feeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowAverageAverage

Margin FX Markets spread for currencies starting from 0.5 pips, on indices and financial CFDs the spreads are set to 0.5 pips too, eventually that are low compare to other brokers.

What is more, there is no overnight adjustment (the underlying Futures price already accounts for the adjustment). On CFDs shares commissions are starting from €1 per side, while spread betting on shares are commission free, with 0.10% of the transaction value.

As it becomes obvious, Margin FX Markets spread indeed is a very attractive opportunity for various types of traders. 

Asset/ PairMargin FX Markets SpreadSwissquote SpreadCMC Markets Spread
EUR USD Spread0.63 pips1.7 pips0.7 pips
Crude Oil WTI Spread353
Gold Spread35.7528.63
BTC/USD Spread1%1%0.75%

Deposits or withdrawal requests can be done from an online Personal Area, which makes the process seamless and easy.

Deposit options

Margin FX Markets supports various payment options to fund the account including bank transfer, credit/debit card, Neteller, Skrill and Sofort. In addition, the firm offering  Margin FX Markets Prepaid Card, which is provided for free to the clients with no monthly administrative fee, which gives the same benefits of usage as Mastercard.

What is the minimum deposit?

Margin FX Markets minimum deposit requirement is 250$, which allows you to start live trading immediately.

Margin FX Markets minimum deposit vs other brokers

 Margin FX MarketsMost Other Brokers
Minimum Deposit$250$500

Withdrawals

Margin FX Markets doesn’t charge clients for the deposits made via bank transfers or e-wallets, however, the investor should calculate above 0.75% for deposits via credit card in UK& EEA or 1.5% of non UK&EEA cards.

For withdrawal feestransfer to the Margin FX Markets  Prepaid Mastercard or e-wallets are free, bank transfers USD will be charged by 12.50$.

Another strong offering from Margin FX Markets is their choice of platforms, which including proprietary Margin FX Markets platform and well-known MT4 and MT5 Platforms with an exclusive offering of Add-Ons.

ProsCons
Proprietary trading platformNone
Exclusive trading tools 
Margin FX Markets, MT4, MT5 offered too 
Supporting many languages 
Technical analysis 
Mobile trading apps 

Web Trading

The Margin FX Markets  trading platform is a web-based platform that allows trade straight from the browser, also possess a loyal application for iPhone or iPad. The platform features an intuitive interface, yet provides cutting-edge functionalities for experienced traders of all trading styles with access to more than 90 technical analysis indicators.

Desktop platform

However, the traders who feel more comfortable and convenient with a user-friendly platform MT4 are also welcomed by Margin FX Markets, that are available through desktop trading. Moreover, technology has been enhanced with the company standards of security and advanced charts also enables automation of the strategies with EAs.

With MetaTrader5 you will find updated, extended characteristics, bringing online trading to the deepest level. The platform enables to trade more markets like shares and ETFs, more than 450 CFDs on stocks with wide characteristics and availability to auto trade, with integrated trading statements.

Trading tools

In addition to the powerful platform, numerous utility extensions are offered to enlarge trade functionalities and automation features, while bringing tools designed for both decision making and indicating purpose. These including trading tools, decision-making tools and numerous indicators.

Another good word should go to the Margin FX Markets support and education center. Since client service won numerous awards and the main aim of the offered education system is to keep traders up to date with new features, technology developments and market trends.

24h support center available through Live chat and email with average of amazing 27 min response, which is definitely good for you as a trader.

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HotForex Review https://trustbrokersreview.com/brokers/hotforex-review/ https://trustbrokersreview.com/brokers/hotforex-review/#respond Fri, 01 Apr 2022 21:43:22 +0000 https://trustbrokersreview.com/?p=216 VIsit Website Open an Account Leverage: 1:30 | 1:1000 Regulation: CySEC, FCA, DFSA, FSCA Min. Deposit: 5 US$ HQ: Cyprus Platforms: MT4, MT5 Found in: 2010 HF Markets (Europe) Ltd – authorized by CySEC (Cyprus) registration no. 183/12 HF Markets (UK) Limited – authorized by FCA (UK) registration no. 801701 HF Markets (DIFC) Ltd – authorized DFSA (Dubai) registration no. F004885 HF Markets (SV) Ltd – authorized by FSA SVG registration no. 22747 […]

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Leverage: 1:30 | 1:1000
Regulation: CySEC, FCA, DFSA, FSCA
Min. Deposit: 5 US$
HQ: Cyprus
Platforms: MT4, MT5
Found in: 2010

HF Markets (Europe) Ltd – authorized by CySEC (Cyprus) registration no. 183/12
HF Markets (UK) Limited – authorized by FCA (UK) registration no. 801701
HF Markets (DIFC) Ltd – authorized DFSA (Dubai) registration no. F004885
HF Markets (SV) Ltd – authorized by FSA SVG registration no. 22747 IBC 2015
HF Markets (SV) Ltd – authorized by FSC (Mauritius) registration no. C110008214
HF Markets SA (PTY) Ltd – authorized by FSCA (South Africa) registration no.  46632
HF Markets (Seychelles) Ltd – authorized by FSA (Seychelles) registration no. SD015

HotForex is a multi-asset broker that offers Forex and Commodities through CFDs trading services through the choice of 7 account types and trading platforms with tight spreads averaged EUR USD 0.1. The broker brings access to unrestricted liquidity allowing any size or profile trader to make a choice between various spreads and liquidity providers via automated trading platforms and performance of any strategy.

The brokerage firm itself was established in 2010 with its headquarter in Cyprus, yet in addition serves several global offices including Dubai, South Africa also offshore entities in St Vincent and the Grenadines.

While indeed HotForex shows great interest and impacts mainly in African, Asian and MENA regions which brings some of the great opportunities to the global residents.

Meanwhile, HotForex offers its trading service along with the applicable licenses that regulate the Forex industry, therefore delivers service trustworthily.

HotForex is a broker with good reputation and regulations. The offering is user friendly, with large portfolio for Forex and CFDs, fees are considered low and there is good education section suitable for beginning traders.

On the other hand, XM has limited portfolio for EU clients, and only Forex and CFDs are offered.

10 Points Summary
🏢 HeadquartersCyprus
🗺 RegulationCySEC, FCA, DFSA, FSCA
🖥 PlatformsMT4, MT5
📉 Instruments17 trading tools and 150+ trading products with access to global markets, Indices, Metals, Energies, Shares, Commodities, Bonds and Cryptocurrencies
🎮 Demo AccountAvailable
💳 Minimum deposit5 US$
💰 EUR/USD Spread1.2 pips
💰 Base currenciesSeveral currencies available
📚 EducationProvided
☎ Customer Support24/5

Besides its attractive trading proposal at the first look, there are some confirmations about its trustworthy business due to official figures and numbers, as well as numerous industry awards that HoForex holds and counting. Until now there are more than 500,000 Live accounts opened with the HotForex, along with multiple Industry awards and sponsorship HotForex prestigious titles recognizing them as Best Clients Funds Security Broker, Best Forex Provider, Top 100 Companies etc.

No, HotForex is not a scam, it is licensed by several top authrotiites including FCA, FSCA and CySEC. HotForex is a brand name of the HF Markets (Europe) Ltd. that is authorized and regulated by the CySEC a regulatory authority for Investment Services firms in Cyprus, along with a cross border licenses due to its European position, authorizing the company to provide investment services within EEA zone.

In simple terms it means the broker is regulated and authorized to offers its trading service along with necessary safety measures and controls applied.

Is HotForex legit?

In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England and more. Which all in all maker HotForex legit broker.

Also, there are HotForex entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to HotForex multiple parallel regulations it is considered to be safe to trade with them.

Legal entityRegulation Comparison
HF Markets (Europe) LtdRegulated by CySEC (Cyprus) registration no. 183/12
HF Markets (UK) LimitedLicensed by FCA (UK) registration no. 801701
HF Markets (DIFC) LtdAuthorized DFSA (Dubai) registration no. F004885
HF Markets SA (PTY) LtdLicensed by FSCA (South Africa) registration no.  46632
HF Markets (Seychelles) LtdAuthorized by FSA (Seychelles) registration no. SD015
HF Markets (SV) LtdAuthorized by FSA SVG registration no. 22747 IBC 2015
Authorized by FSC (Mauritius) registration no. C110008214

HotForex license

How are you protected?

For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund. It constitutes a claim of the covered clients against investment firms. Clients’ deposits are protected under the requirements of the regulators.

While in addition to that HotForex made further efforts to safeguard traders with a Civil Liability insurance program for a limit of €5,000,000, which includes market leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss. However, according to applicable laws and regulations, the conditions vary from one entity to another.

While trading with HotForex you can operate with fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly.

HotForex offers various leverage levels from the “modest” one as determined by European regulations and various other measures, and up to very high ratios. Yet, again always make sure to learn about high risks of leverage, as retail trading accounts lose money rapidly due to high leverage.

Therefore, your leverage levels are firstly settled according to the regulatory requirement in the region or another also your prof level in finance, so make sure to verify with the customer support team which one you entitled to.

  • European entities that oblige to ESMA regulation, the maximum leverage ratio is set to a 1:30 on Forex instruments, 1:25 Spot Metals, etc.
  • South Africa residents may access leverage of up to 1:200
  • Higher leverage ratios like 1:400, 1:500 or even 1:1000 are offered through HotForex offshore entities since a particular registration does not limit offering and allows high leverage levels.

HotForex provides an unparalleled variety of account options with 6 different accounts with specific requirements. The range offers Micro, Premium, Zero spread, HFCOPY, AUTO and PAMM Premium Accounts and along with the Islamic Account suitable for traders from the MENA region or beyond.

From the very beginning you may sign in for Demo Account and then transfer it to a Live one just by depositing money.

Each of the account types bringing the particular possibility for your trading strategy while allowing either beginning traders, investors or professionals to find its own way in trading. The options ranging from the opportunity to trade Micro lots, or specified account for Copy Trading or if you would like to become a Masker account. You may see below in our HotForex Review detailed discrepancy of each in order to understand what offering is about.

How to open a Demo Account?

To open a Demo account you should simply follow the process of risk-free account opening so you will get access to either MT4 or MT5 platforms with unlimited demo funds.

And once you ready or decided to start Live Trading you can submit for a Live account where HotForex may ask you for confirmation of your documents including identity, residency and other prove before you start. In both cases, you will get access to myHF client area where you can manage all your accounts and finances.

So here is the step by step process of Demo Account opening.

Opening a Demo account step by step

1.       Go into HotForex Demo Account Sign In page

2.       If you are a new client enter your personal data First and Last Name, Country of residence, email, phone, etc. Or in case you’re existing client follow sign in

3.       Fill in all required information for the first register of myHF

4.       An account will be approved almost immediately, where through your client area you can get access to New Demo Account, follow with Live Account and manage your funds

What instruments I can trade in HotForex?

One of the HotForex Pros also its offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds and due to increasing demand now offering Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more.

HotForex trading costs mainstays at the tight spread offering, as well bringing some of the most attractive spread opportunities among the industry, also proposing spreads from 0 pips on some accounts. However, check on the additional, non trading fees and charges for deposits or withdrawals all in all concluding your trading costs, see fee table below.

 
FeesHotForex FeesFXTM FeesXM Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowAverageHigh

HotForex fees are built in a transparent manner while the only charge is variable spread, which is a difference between bid and ask price, also HotForex does not offer fixed spread. HotForex does not charge additional fees or commission, thus your calculation of the position is quite seamless and easy despite the level of trader you are.

Of course, spreads fees defined by the account type you use, thus Micro Account spread starting from 1 pip and Zero Account obviously offers 0 fee which averages spread from 0.2 pips most often. However, the difference between trading costs also defined by the margin requirements, which increase almost double in case you wish to trade with 0 spread. So make sure to verify account conditions in detail before you sign in.

Below you may see a comparison of the most popular instruments, the typical spread based on Standard conditions, as well for your information compare fees to another broker FP Markets.

Comparison between HotForex fees and similar brokers
Asset/ PairHotForex SpreadFXTM SpreadXM Spread
EUR USD Spread1.2 pips1.5 pips1.6 pips
Crude Oil WTI Spread5 pips9 pips5 pips
Gold Spread19935
BTC USD Spread302060

Overnight Fee

As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies.

However and unless you trading through swap-free accounts designed to traders following Sharia rules, as these accounts restricted from any interest rates or swaps.

Fee conditions upon opening of trade

An overview of the Non Trading Fees

Lastly, there is a fee charged in case you didn’t use your account and show no activity for 6 months or more. After this your account entitled to 5$ HotForex inactivity fee per month.

Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our HotForex review further.

There are multiple ways to fund trading account supported by HotForex. Besides broker issue its very own HotForex MasterCard for a straight transaction and the ability to make safe online payments.

Deposit Methods

To simplify the funding of accounts, HotForex offers over 14 methods to deposit or withdraw money.  Those methods include

  • major credit and debit cards
  • wire transfers and domestic transfers available at some regions
  • vast of e-wallets, including Cryptocurrency transfer, and more.

How do I deposit money on HotForex?

So in order to deposit money on HotForex you simply need to select the payment provider of your preference, as well as the one that is available at your region and proceed with the payment. HotForex will process your withdrawal within short time and available 24/5.

HotForex Minimum deposit

HotForex minimum deposits starts from 5$, yet, if you just make a first deposit check out preferences on a minimum requirement according to the account type as well, also determined by the payment method you would choose.

Withdrawals

HotForex withdrawal options including cards, bank transfer by far most used option and various ewallets. And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies.

How do I withdraw money from HotForex?

In order to proceed with the Withdrawal, you should access your myHF area and submit a Fund Withdrawal request.

Opening an account step by step

1.       Access your myHF page and account area

2.       Select ‘Fund Withdrawal’

3.       Chose the appropriate withdraw method and amount

4.       Confirm necessary data and processing time/ fees

5.       Submit

6.       Follow up and check on the process or confirmations through your page

How long does it take to withdraw money from HotForex?

Various payment methods will process withdraw money I slightly different time. HotForex accounting team confirms transactions quite quickly, within business days of course, yet the matter might take longer due to payment providers.

Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant.

So talking about trading software, HotForex provides an award-winning MT4 Platform and its newer version MetaTrader 5 as its trading software. It is not a surprise choice, as platforms enable one-click trading along with numerous tools and access to institutional quality technology through advanced configuration. So whether you are a very beginner or an advanced trading veteran software is suitable for both.

ProsCons
Mainstays on an industry known MT4 and MT5No proprietary platform
Customer friendly design 
An advanced range of tools 
Automated trading and PAMM capabilities 
Clear Charting 
No restrictions on strategies 
Possibility to have MT4 and MT5 accounts simultaneously 

WebTrading Platform

What is also great with MetaTrader is its computability with various devices. MT4 and MT5 terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminal which is compatible with any browser. Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously.

So its full range of over 12 platforms, due to range of versions, powered with fast execution, fully applicable with provided tools and available to trade all the offered instruments.

Mobile Trading Platform

Of course, there is a mobile trading platform as well a HotForex Mobile Application with an option to trade “on the go”. MT4 and MT5 mobile trading are known for its advanced capabilities and interactive charts with almost the same productivity as its full versions. Besides, there are over 30 technical indicators and 24 analytical objects, so mobile capabilities are truly great.

Look and Feel

Does HotForex allow scalping?

Yes, HotForex allows scalping and places no restrictions on the strategies, however various entities and regulations may apply some conditions so you better always check terms and conditions before start.

Particularly about scalping, there is no restriction and HotForex range of accounts alike with Zero spread may assist you even better to trade this strategy.

Moreover, there is a possibility to copy trade or become a professional master to be copied through an advanced PAMM technology designed by HotForex. PAMM program is indeed an amazing opportunity to invest at the beginning, or maybe for the long term without having to trade the markets yourself by simple follow of the Fund Manager from the ranking list.

Placing Orders

How do I manage my risk?

Also while placing an order you should manage your risks smartly while tools like Limit Order and the stop loss orders will assist you. Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define.

Another important point while choosing the broker and within our HotForex Review is customer service. Eventually, the broker provides support in 27 languages that is an impressive number which covers world trading need and allowing traders from almost any country to join trading and get quality support.

As we check the traders reviews and satisfaction statistics HotForex provides a good level of customer support along with support materials.

Research and Education

Education is another strong point of HotForex since the broker concentrates and putting efforts on Africa and Asia regions so its allows you to improve Forex experience and results. There are course, Live Webinars, Video Tutorials, Daily Analysis and Market Outlooks along with News Feeds so with HotForex you have all potential to become a better trader whether you’re a beginner or a professional one.

Also, understanding that good research is the most valuable in trading as well, HotForex provides a range of analytical and research tools. This including Analytical Objects, Economic Calendar, Autochartist and Trader’s Board for comprehensive analysis, as well as additional Premium Trading Tools.

In addition, there is a VPS Hosting available, while free VPS packages provided to those who deposit from 5,000$.

Overall, HotForex is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader. The services and products are tailored to specific requirements while bringing a comprehensive range of clients’ accounts, platforms, tools, and instruments with the ability to choose a suitable strategy. So either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all. As well, HotForex pricing strategy shows transparent prices with one of the lowest rates in the industry.

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BlackBull Markets Review https://trustbrokersreview.com/brokers/blackbull-markets-review/ https://trustbrokersreview.com/brokers/blackbull-markets-review/#respond Fri, 25 Mar 2022 21:07:18 +0000 https://trustbrokersreview.com/?p=183 VIsit Website Open an Account Leverage: 1:500 Regulation: FMA, FSA Min. Deposit: 200 US$ HQ: New Zealand Platforms: MT4, MT5 Found in: 2014 BlackBull Markets Licenses Black Bull Group Limited – authorized by FMA (New Zealand) registration no. FSP403326 BBG Limited – authorized by FSA (Mauritius)  What is BlackBull Markets? BlackBull Markets began its operation back in 2014 through Auckland New Zealand and combining years […]

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Leverage: 1:500
Regulation: FMA, FSA
Min. Deposit: 200 US$
HQ: New Zealand
Platforms: MT4, MT5
Found in: 2014

BlackBull Markets Licenses

  • Black Bull Group Limited – authorized by FMA (New Zealand) registration no. FSP403326
  • BBG Limited – authorized by FSA (Mauritius) 

BlackBull Markets began its operation back in 2014 through Auckland New Zealand and combining years of Institutional Forex experience with the focus to resource offering to retail traders. Ever since, the broker enables multiple trading solutions as a financial services provider with proprietary software to aggregate powerful trading performance along with competitive pricing.

Also, BlackBull Markets founded as a prime broker also offering retail trading solutions and maintaining its traducing facilitates within world trading centres including London, UK and Malaysia in reverse bringing global exposure. Numerous possibilities including diverse conditions, assets to trade, supported by the learning materials and programs for active traders.

Apart from the various solutions for retails traders, there are also professional services for an institutional account, money managers along with MAM and PAMM accounts.

BlackBull Markets provides quality trading conditions and is fully regulated broker. It is one of the few brokers with high leverage, good trading environment, lowest spreads based on our research and professional trading overall, plus to education and research

For the Negative points, there is no 24/7 support, and tools might be slightly limited.

10 Points Summary
🏢 HeadquartersNew Zealand
🗺 Regulation and LicenseFMA, FSA
🖥 PlatformsMT4, MT5, Social trading Myfxbook and ZuluTrade
📉 InstrumentsForex, Index and Single Stock CFDs, Commodities, Precious Metals, and Energy
💰 Costs0.9 pips
🎮 Demo AccountAvailable
💳 Minimum deposit200$
💰 Base currenciesVarious base currencies offered
📚 EducationForex Education and tools on free basis
☎ Customer Support24/5

Awards

Actually, BlackBull markets it a highly regarded broker, as the clients they serve are mostly happy with the trading conditions and the service they receive. As well as numerous awards confirming BlackBull Markets success within the industry and placing them among regarded trading providers for its great technology and innovation.

Is BlackBull Markets safe or a scam

No, BlackBull is not a scam. It provides low-risk Forex and CFD trading since Black Bull Group Limited known under trading name BlackBull Markets is a New Zealand registered and incorporated company that is also respectively regulated by the local authority FMA. In fact, being a regulated broker is somehow a crucial factor, since obligations towards authorities guarantee the company was checked before its establish, complies with necessary laws and model of operation, therefore considered safe investment firms.

Is BlackBull markets legit?

Registration with the NZ legislation regime announces BlackBull Markets good standing and reliability to its provided services also meaning BlackBull Markets is a fully legit broker that obliges to the regulatory regime. The broker applies money protection rules and policies, as well provides qualified service and trading environment, which also compensates clients in case of the company insolvency, as defined by FMA rules.

Also, there is an additional entity based in SVG for the following countries that don’t have the option to register with FMA: Albania, Azerbaijan, Bosnia-Herzegovina, Barbados, Brazil, Bahamas, China, Ecuador, Egypt, Western Sahara, Ghana, Jamaica, Cambodia, Lao People’s Democratic Republic, Liberia, Morocco, Nigeria, Philippines, Bolivia, St Maarten, Tunisia, and Uganda. These countries are accepted under FSA only. All other countries can have an account with either of broker’s regulatory licences.

The only difference between FMA and FSA licences is the document requirements when an account is being approves, because the FMA has a much higher standard, as would be expected. As to the trading conditions, they are always the same no matter which regulatory licence trader’s account is under.

There are some Restricted countries BlackBull Markets does not accept clients from, under any circumstances as it is both an AML and CTF risk, not deemed acceptable by either the FSA or FMA. Here is the full list of those Restricted regions: Afghanistan, Burundi, Belarus, Congo, the Democratic Republic, Central African Rep, Cuba, Spain, Guinea Bissau, Haiti, Iraq, Iran, Islamic Republic of, North Korea, Lebanon, Libya, Mali, Myanmar, Nicaragua, Panama, Pakistan, Gaza Strip, West Bank (Palestinian Territory), Russian Federation, Sudan, Somalia, South Sudan, Syria, Ukraine, United States, Venezuela, Yemen, and Zimbabwe. 

 

 

Another important point within Blackbull Markets Review is offered leverage levels. Usually, maximum leverage defined by the instrument you trade, also the type of trader you are either professional or retail trader, and lastly is restricted according to the regulatory requirements broker obliges to.

  • With BlackBull Markets you are able to use high leverage levels up to 1:500 available for retail or professional traders.
  • International traders entitled for 1:500 likewise through the Seychelles entity

These are the great news indeed, as despite the fact that the majority of world authorities already significantly lower allowed leverage levels, NZ and Australian authorities still offer high maximum leverage ratios, which also require you to learn how to use it smartly without making trading too risky for you.

BlackBull Markets designed three account types all based on ECN execution and offering quite competitive trading conditions through no dealing desk model of operation. BlackBull made indeed made a great job with its proposal possibility to the traders of different size, portfolio and needs to access its trading rooms.

Additionally, there is specified and defined access for institutional trading and professionals where all conditions are tailored and sustained as per request. Active traders may also find tailored solutions and additional services to enhance capabilities, alike VPS hosting, advanced reporting and so.

How to open Account

Account opening is a fully digital process, which is easy guided step by step on how to obtain access and activate your trading specified conditions.

  1. Access BlackBull Markets Sign In page
  2. Enter your personal data First and Last Name, Country of residence, email, phone, etc. Also, you may use Facebook or Google existing account.
  3. Choose the account type of your preference and specify your trading experience
  4. Verify your account through email, upload proof of ID, address and other documents
  5. Get access to your trading and account area with active logit to Demo account
  6. Follow with first deposit.

BlackBull trading costs consistent of a regular spread or commission charges, also you should consider rollover or swaps, also non-trading fees, like deposit fee or additional charges that might be applicable.

 
FeesBlackBull FeesFXTM FeesAvaTrade Fees
Deposit feeNoNoNo
Withdrawal FeeYesYesNo
Inactivity feeNoYesYes
Fee rankingAverageAverageLow

AT BalckBull Markets you can choose the most suitable option according to your trading style either with all costs included into spread, more suitable for beginning or regular size traders through ECN Standard account with spreads from 0.8 pips. Active or professionals traders will better use ECN Prime account with raw spreads from 0.1 pips and a commission charge $6 per trade.

As well you may see more spread examples below and compare fees to another popular broker Pepperstone or other competition shown on the table below.

ECN spread

Asset/ PairBlackBull SpreadFXTM SpreadAvaTrade Spread
EUR USD Spread0.9 pips1.5 pips1.3 pips
Crude Oil WTI Spread6 pips9 pips3 pips
Gold Spread25940

Trading Rollover

Also, always count on swap or rollover fees charged for positions held longer than a day. Besides, BlackBull Markets maintains offering suitable for traders following Sharia rules known as Islamic Swap-free accounts, so that global investors may find suitable conditions.

BlackBull Markets bringing exposure to various markets available around the globe and including over 64 currency pairs, Forex, indices, metals, commodities, energies, etc.  This range is a quite good one, as it includes popular trading instruments to diversify your portfolio especially considering good cost strategy and inbuilt proposal, which we will see further in our BlackBull Markets Review.

BlackBull Markets being a regulate broker offers a great range of secure funding solutions and keeping money according to trust, safety and confidence with Top tier segregated Bank accounts. However, always make sure to verify according to your residence what conditions and methods are applicable to you, or some rules that may vary.

Deposit Methods

BlackBull Markets allows fund deposits and withdrawals through various methods including following, while also you may choose a base currency for your account for easy transfers and no conversion fees.

  • Credit Card,
  • Bank wires
  • e-wallets like Skrill, Neteller and FasaPay

Minimum deposit

BlackBull minimum deposit is $200 for the ECN Standard account, and the next grade ECN Prime will require 2,000$ as a first deposit.

BlackBull Markets minimum deposit vs other brokers

 BlackBull MarketsMost Other Brokers
Minimum Deposit$200$500

Withdrawal

BlackBull Markets does not charge any fees for deposits, withdrawal options widely available including most used Bank Transfers and credit cards, yet there are some charges for withdrawals. Withdrawing of money will cost you 5 base currency, 5$ if your base account currency is in US$.

How do I withdraw money from BlackBull Markets?

To withdraw funds from your BlackBull account you simply should login to your account area or a Client Portal and submit a request. Under the section ‘Funding’ click tab Withdraw Funds, submit all the required data, allow BlackBull to process the request within 1-2 business days and then your payment provider will ad funds to the chosen method.

The platform offering as a part of the BlackBull Markets Review shows us a choice between industry leader MetaTrader4 and its next version MetaTrader5. Both offer a super convenient option between powerful conditions and user-friendly interface, both are suitable either for beginners or professionals making software a pleasant partner in your trading journey.

ProsCons
Customer friendly designNo proprietary platform
Popular MT4 platform and MT5Relatively limited analysis
Good range of tools 
WebTrader Does not require installation 
Clear look 
Automated Trading and Social Trading 

Web Trading

Both platforms feature versions suitable for ay device either PC, MAC or tablet, mobile devices together with web-version accessible right from the browser. While Web Trading is a little limited in its tools compared to desktop version it still offers the most important point which are needed in every day trading.

The look is clear and good to analyze, which MT4 and 5 technology is famous for, also together with unparalleled BlackBull markets trading solutions and heavy investment in innovation you can make the most out of the trading performance.

Mobile Trading Platform

Definitely nowadays it is almost impossible to imagine trading without a mobile trading platform, as it allows you to monitor and stay updated with the situation whenever you are. BlackBull Markets Mobile platform also please you with a range of technical analysis and chart option features it offers.

Also, BlackBull made it possible to use extra benefits from VPS servers and additional FIX API Trading capability so you always having the option to deploy your strategy at the best.

AutoTrading

While there is no need to go deep into the specification of each platform, generally we must say a BlackBull platform is a great software for manual either automatic trading. There is no restrictions for use of EAs, neither scalping nor hedging strategies so with BlackBull technology of execution and comprehensive education you may get the maximum, all depending on you.

Moreover, you may access social trading through leading software including ZuluTrade and Myfxbook.

In terms of the Customer Support BlackBull made it as comfortable as possible so that its traders will be supported and satisfied at any step.

You may refer to the support with any concern or question you may have and also count on a quality service while the support team accessible via Live Chat, International Phone Lines and email also supporting world centers.

Along with its advanced and competitive offering as we discover in our review, BlackBull also supports educational resources suitable for traders of different levels. There are trading videos, guides and trading glossary where you can find good quality information. Also, to support your ongoing trading process BlackBull Markets runs its Trading Blog with market overview, analysis and research materials.

Packed Research tools provided by both advanced MetaTrader capabilities also with technical analysis, trading ideas and other capabilities, all available at BlackBull.

Overall, BlackBull Markets offers a comprehensive offering to traders around the globe. Together with its regulated environment, broker also provides advanced capabilities with competitive conditions among market offerings and is one of the brokers allowing high leverage ratios. There are different trading styles supported including the technology to use, platform or a program trading, so with our opinion, BlackBull Markets is definitely a broker to consider.

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BDSwiss Review https://trustbrokersreview.com/brokers/bdswiss-review/ https://trustbrokersreview.com/brokers/bdswiss-review/#respond Fri, 25 Mar 2022 19:13:12 +0000 https://trustbrokersreview.com/?p=159 VIsit Website Open an Account Leverage: 1:30 | 1:500 Regulation: CySEC, FSC, FSA Min. Deposit: 100 US$ HQ: Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Found in: 2012 BDSwiss Licenses BDSwiss Holdings Ltd. – authorized CySEC (Cyprus) registration no. 199/13 BDS Markets -authorized by the FSC (Mauritius) registration no. C116016172 BDS Ltd – authorized by FSA (Seychelles) registration no. SD047 What is BDSwiss? BDSwiss is an international […]

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Leverage: 1:30 | 1:500
Regulation: CySEC, FSC, FSA
Min. Deposit: 100 US$
HQ:
Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App
Found in: 2012

BDSwiss Licenses

  • BDSwiss Holdings Ltd. – authorized CySEC (Cyprus) registration no. 199/13
  • BDS Markets -authorized by the FSC (Mauritius) registration no. C116016172
  • BDS Ltd – authorized by FSA (Seychelles) registration no. SD047

BDSwiss is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of BDSwiss counting more than a 1.5 million clients from over 186 countries, as well as serving exclusive Member club that has more than 1.5 million traders.

Since the approach of the company establishment comes from Switzerland, its strong basis confirmed by the great environment company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Limassol – Cyprus and established offices in Berlin – Germany, Kuala Lumpur – Malaysia, Tirana – Albania, Pristina – Kosovo.

BDSwiss is a heavily regulated broker with Swiss banking license and worldwide coverage including US(Check out Forex Brokers in the US). BDSwiss has good reputation and user friendly trading conditions, there is good choice between trading platforms, account opening is fast and customer service is great quality with education and research tools.

On the other hand, BDSwiss trading proposal depends on the entity and instruments are limited to Forex and CFDs.

10 Points Summary
🏢 HeadquartersSwitzerland
🗺 RegulationBaFin, CySEC, FSC, FSA
🖥 PlatformsMT4, MT5, BDSwiss Webtrader and Mobile App
📉 InstrumentsCommodities, Forex, Metals, Indices, Cryptocurrencies
💰 EUR/USD Spread1.5 pips
🎮 Demo AccountAvailable
💳 Minimum deposit$100
💰 Base currenciesUSD, EUR, GBP
📚 EducationLearning Academy with Forex Courses
☎ Customer Support24/5

BDSwiss has earned not only great reviews from world trading community but also numerous industry awards for its successful operation and trading technology they heavily invest in. BDSwiss was rewarded and recognized for its excellent service and trading technology confirming its sustainable trading conditions and also very much recognizing its Trading App along with Trade Execution:

  • 2020 BEST PARTNERSHIP PROGRAM ASIA Global Banking & Finance Awards
  • 2020 BEST MARKET RESEARCH PROVIDER FxScouts Awards
  • 2021 BEST MOBILE TRADING PLATFORM EUROPE Global Banking & Finance Awards
  • 2021 BEST FX RESEARCH & EDUCATION PROVIDER World Finance Awards
  • 2021 BEST MARKET RESEARCH PROVIDER FxScouts Awards

Yet, more of the detail you will see further in our BDSwiss Review so that you’re able to verify so.

No, BDSwiss is not a scam, is regulated by Swiss, Cyprus and other authrotities providng low risk Forex ad CFDs.

BDSwiss is a trading name of the BDSwiss Holdings Ltd., a company incorporated under the laws of Cyprus which also holds a Cyprus Securities and Exchange Commission license to provide its legal financial and trading services. As a state member of the EU, the Cyprus regulation fully complies regarding the provision of investment services with the European MiFID and MiFID II Directives designed to deliver a safe trading environment and control the operation of markets itself.

Also, BDSwiss being a holding serves entities in Cyprus, Germany and other offices where is all authorized to deliver trading opportunity.

Is BDSwiss a regulated broker?

Thus, the BDSwiss company is eligible to provide services within the EEA zone and is a regulated broker, while the local authorities registered the company in their records of accomplishment or in simple allowing to conduct offerings legally due to broker’s records.

Another BDSwiss operation offices located in attractive offshore zones Mauritius and Seychelles, which is registered by the Mauritius Financial Services Commission (FSC) and all in all enhance the broker’s possibility to offer its service to various residents globally. Even though the offshore registration does not give serious and safe compliance to the trading standards and operation, since BDSwiss in parallel is regulated by the European respected authority overall it is considered to be a safe broker.

However, as we always recommend check on the regulation carefully and never sign in with an only offshore registered broker (read more why avoid trading with offshore brokers).

How are you protected?

According to the regulation, the security of funds along with the client protection delivered in multiple ways that ensure a safe trading environment and investors’ legal compliance. It is a fact that you are always protected as long as the broker is regulated by the regulations.

Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.

BDSwiss offers its traders the option to use higher leverage, enabling them to gain a much larger exposure with relatively little capital. BDSwiss clients under the FSA and FSC regulation can trade with a maximum leverage of 1:1000.

BDSwiss’ European clients, registered under CySEC, can use a leverage ratio of up to 1:30 as per ESMA regulation depending on the asset category they choose to trade. The leverage ratio for EU clients applies as follows:

  • 30:1 for major currency pairs
  • 20:1 for major indices
  • 20:1 for gold
  • 10:1 for commodities (excluding gold)

For the most accurate data check on the official BDSwiss platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.

BDSwiss currently offers three main account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increase. While Classic and Vip account are based on spread only model, Raw account features interbank spreads and commission charge per lot.

Under its FSC regulated entity BDS Markets, BDSwiss also offers two additional account types, the Cent and the Premium account.

There is also one more account, StockPlus Account, available only under FSC. BDSwiss’ StockPlus account enables BDSwiss clients to build a diversified portfolio with over 1000+ world-leading stocks and ETFs. The account features 0% commissions for unleveraged investing in stocks and the option to use up to 1:5 leverage to trade stocks and ETFs at DMA.

When opening your trading account there is an option to choose the desired base currency through the selection between the Euro (€), US Dollar ($) and the British Pound (£), which is definitely great as it means you will not be charged for currency conversion, while the account balance can’t fall below zero due to the applied negative balance protection.

Demo Account

BDSwiss also does offer a Forex or CFD “Demo Account” and gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 100,000€/$/£. BDSwiss clients can open any type of account offered by BDSwiss including Classic, Raw, VIP, Premium (under FSC only) and Cent (underFSC only) as a Demo Account and test the tools, conditions and spreads offered.

 

 

How to open an Account?

  1. Load BDSwiss Sign In page. You may also sign with an existing account on Facebook or Google.
  2. Enter your personal data (Name, email, phone number, etc)
  3. Upload your documents to verify the account. It is a legal procedure to check proof of your residents, through utility bill, your ID or similar.
  4. Complete questioner about your trading experience and expectations
  5. Once your account is activated you will get access to your account area.
  6. Next, once you learn all risks and benefits involved, you may proceed with funding.
  7. Almost instantly you will be able to start trading through BDSwiss platforms.

BDSwiss trading fees are mainly based on as spreads, for each underlying asset you will be charged for we will find the usual applicable spread, while the rollover for short and long positions is also additional charge if you held positions overnightas well as the margin requirement. Full BDSwiss pricing including funding fees and Administration fee for non-use account, see the table below.

FeesBDSwiss FeesAvaTrade FeesPlus500 Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageAverageLow

BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and the one prefer commission basis then Raw Account is your choice. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$.

To get a closer look, check below the comparison on most popular assets applicable to the BDSwiss Classic Account type, while the broker himself mentions that Classis spread are starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip.  Also, you may compare BDSwiss fees to its peer BlackBull markets and other popular brokers listed below.

 
Asset/ PairBDSwiss SpreadAvaTrade SpreadPlus500 Spread
EUR USD Spread1.5 pips1.3 pips0.6 pips
Crude Oil WTI Spread632
Gold Spread254029
BTC/USD Spread20000.75%0.35%

Snapshot of BDSwiss spreads

BDSwiss provides access to seamless trading through the great range of 250+ underlying assets, while you may choose from leading IndicesForexCommodities and Cryptocurrencies based on CFDs.

Therefore, with access to most liquid and popular markets you may choose the desired and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading.

Can I trade Cryptocurrencies?

The trading costs and account types are among the average in BDSwiss offering, along with the range of tools that bringing powerful portfolio feature and a possibility to trade popular Cryptocurrencies. SO yes you can trade Cryptocurrencies based on CFDs also with quite good costs.

In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself. So the conclusion comes to the point of a quality BDSwiss offering that may suit either beginning trader or even the seasoned professional.

BDSwiss works with a variety of payment service providers that ensure your possibility to cover a wide range of deposit methods in a particular country.

BDSwiss clients can choose their preferred deposit and withdrawal method right before they fund their accounts and enjoy $0 fees on all deposits. BDSwiss accepts introductory deposits, and processes withdrawals, in the form of instant transfer, bank transfer or credit card transaction, with outgoing credit card payments typically taking between two to seven business days to process.

The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.

  • credit cards
  • bank transfers
  • Sofortüberweisung
  • Skrill, iDEal, EPS, giropay, and many more

BDSwiss Minimum deposit

BDSwiss minimum deposit is 100$, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from entity rules to another.

BDSwiss minimum deposit vs other brokers

 BDSwissMost Other Brokers
Minimum Deposit$100

$500

 

BDSwiss arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.

How long does it take to withdraw money from BDSwiss?

As the broker mentions it always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss.

How do I withdraw money from BDSwiss?

You should login to your Client Portal and submit a withdrawal request by following of the required procedure. 

The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. It is not actually a surprise, as MT4 is a known industry intuitive platform that allows trading anywhere and anytime with advanced charting tools, indicators to manage the risks with a better possibility to determine price direction.

ProsCons
Proprietary Web trading platformNone
User friendly design and login 
Price alerts 
MT4 and MT5 offered as well 
Supporting many languages

Web Trading

Proprietary BDSwiss WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading.

Mobile Trading Platform

Of course, BDSwiss developed its Mobile App as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management.

Desktop Platform

The available versions of both MetaTrader4 and MetaTrader5 suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. SO yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.

There is no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tool and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one.

MT5 being a newer version also gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one either with manual trading or automated trading through EAs.

The available versions suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. There are no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tools and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one.

One of the other great points we should admit is Customer Support. BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level.

 

 

By maintaining optimum support and assistance, refined products and full transparency the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars.

Together with comprehensive education materials provided by Forex Courses, defined by the level of expertise, Webinars and Seminars. Moreover, the broker offers Daily Webinars, which is an incredible opportunity for all the traders  (and especially for the beginners) to expand their Forex knowledge. You will also access useful information with market alerts, trading information and analysis through its established BDSWiss Blog, which is definitely good and necessary for any trader especially beginners.

Also, BDSwiss offers great research tools and supporting traders with unique materials making you a better trader. Besides general and popular tools alike Economic Calendars, good quality market Analysis provided by BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients. In addition, BDSwiss offers all Trading Central market analysis tool. Trading Central is a comprehensive suite of trading tools that offer traders the latest market insights created via a combination of AI indicators, automated pattern recognition, and analyst research. 

There is also another amazing and helpful tool that can be find in the BDSwiss Research Portal – Daily Market Analysis, that provides 24/5 market coverage and leading financial commentary through daily previews, video briefs and special reports.

However, the level of depth in research tool is depending on the client portfolio or account types, alike VIP and Raw account holders will benefit from deeper research materials including Exclusive Webinars, Performance Stats, VIP Trading Alerts and more.

An overall BDSwiss review shows us a company that managed to increase client portfolio to over a million customers. There are stable trading conditions and a global proposal suited to worldwide clients. The broker relies on Swiss expertise in finance and provides an opportunity to engage in trading to almost any resident, due to their regulation by the EU authority and other additional registrations.

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HYCM Review https://trustbrokersreview.com/brokers/hycm-review/ https://trustbrokersreview.com/brokers/hycm-review/#respond Fri, 25 Mar 2022 12:50:28 +0000 https://trustbrokersreview.com/?p=139 VIsit Website Open an Account Leverage: 1:30 Regulation: FCA, CySEC, DFSA, CIMA, FSC Min. Deposit: 100 US$ HQ: UK Platforms: MT4, MT5 Found in: 1977 HYCM licenses Henyep Capital Markets (UK) Limited – authorized by FCA (UK) registration no. 186171 HYCM (Europe) Ltd – authorized by CySEC (Cyprus) registration no.  259/14 Henyep Capital Markets (DIFC) Limited – authorized by DFSA (Dubai) registration no. F000048 HYCM Ltd – authorized and regulated under […]

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Leverage: 1:30
Regulation: FCA, CySEC, DFSA, CIMA, FSC
Min. Deposit: 100 US$
HQ: UK
Platforms: MT4, MT5
Found in: 1977

HYCM licenses

  • Henyep Capital Markets (UK) Limited – authorized by FCA (UK) registration no. 186171  
  • HYCM (Europe) Ltd – authorized by CySEC (Cyprus) registration no.  259/14  
  • Henyep Capital Markets (DIFC) Limited – authorized by DFSA (Dubai) registration no. F000048
  • HYCM Ltd – authorized and regulated under the Cayman Islands Monetary Authority registration no. 1442313
  • HYCM Limited – authorized by FSC (SVG) registration no. 25228 (IBC 2018)

HYCM or formerly HYMarkets is rightfully considered one of the leaders among forex brokers and at the moment shares more than 40 years of experience in the market. The broker is a member of the Henyep Group, the international financial holding company established in 1977 which headquarters in London, UK operating in financial services, education and real estate.

As the main pro of HYCM firm is a strict regulation that broker has throughout its offices in major cities around the world London, Limassol (Cyprus), Hong Kong and Dubai while complies with regulatory agencies in each jurisdiction. Besides HYCM maintain powerful trading capabilities, offering an advanced range of trading instruments and accompany its clients with dedicated support.

HYCM has long history of operation and is a heavily regulated Broker. The account opening is easy and offers various account types while costs are low, HYCM education and research is good quality and you can use various options to deposit or withdraw funds.

On the negative side proposal vary according to the entity, there is no 24/7 support, trading instruments are limited to Forex and CFDs, also the trading platform is solely MetaTrader.

 

 HeadquartersUK
🗺 RegulationFCA, ESMA, CySEC, DFSA, CIMA
🖥 PlatformsMT4 and MT5
📉 InstrumentsForex, metals, gold and silver, energy products oil and gas, commodities, indices and stocks
💰 EUR/USD Spread1.2 pips
🎮 Demo AccountAvailable
💳 Minimum deposit100$
💰 Base currenciesVarious currencies
📚 EducationProfessional Education with Live webinars and Seminars
☎ Customer Support24/5

HYCM maintains a professional trading environment and is a highly regarded broker with not only a long history of operation but also with numerous clients from all around the world and trading community consistent of HYCM traders. In fact, HYCM trademark is much-respected brand among traders and investors in the financial industry, which is also confirmed by gained international awards.

No, HYCM is not a scam. HYCM is part of a global company with high trust solid track record and is regulated by several authorities FCA, CySEC and DFSA. Therefore, HYCM is considered low risk and secure broker to trade Forex.

Is HYCM legit?

The main office is Henyep Capital Markets, headquartered in London, and respectfully regulated by the FCA, which guarantees to its customers the appropriate legal security and provides convenient conditions for cooperation. Other, additional branches holding appropriate licenses from Dubai, Cyprus, etc. which confirms an unparalleled follow of the operational guidelines. How are you protected? In simple words, strict regulation means customer are protected while deposits are always segregated, stored separately from the company’s funds and not available for personal or business use by HYCM. In addition, company clients are participants of the FSCS compensation program applicable to a particular entity.Thus, in case HYCM by virtue of certain circumstances is unable to provide further financial services, customers may receive compensation. However, note regulation varies according to a particular entity where conditions and audit rules are diverse as well. How are you protected? In simple words, strict regulation means customer are protected while deposits are always segregated, stored separately from the company’s funds and not available for personal or business use by HYCM. In addition, company clients are participants of the FSCS compensation program applicable to a particular entity.Thus, in case HYCM by virtue of certain circumstances is unable to provide further financial services, customers may receive compensation. However, note regulation varies according to a particular entity where conditions and audit rules are diverse as well.
HYCM entity Regulation and License
Henyep Capital Markets (UK) Limited Authorized by FCA (UK) registration no. 186171
HYCM (Europe) Ltd Authorized by CySEC (Cyprus) registration no.  259/14
Henyep Capital Markets (DIFC) Limited Authorized by DFSA (Dubai) registration no. F000048
HYCM Ltd Authorized by CIMA (Cayman Islands) registration no. 1442313
How are you protected? In simple words, strict regulation means customer are protected while deposits are always segregated, stored separately from the company’s funds and not available for personal or business use by HYCM. In addition, company clients are participants of the FSCS compensation program applicable to a particular entity. Thus, in case HYCM by virtue of certain circumstances is unable to provide further financial services, customers may receive compensation. However, note regulation varies according to a particular entity where conditions and audit rules are diverse as well.

HYCM leverage actually, depending under which regulation and jurisdiction trading account complies with. Meaning each jurisdiction falls under particular rules and laws, therefore depending on your residence various leverage levels and trading conditions likewise are applicable.

  • 1:500 for Dubai and CIMA accounts
  • 1:30 for the UK and European traders

The high leverage up to 1:500 opens the path to the smaller retail traders, as a quite small initial deposit will cover margins, yet this level is allowed only for Dubai accounts and those that comply to CIMA (Cayman Islands).

The rest, and the majority of HYCM accounts will fall under European ESMA regulation, which recently limited leverage to a maximum of 1:30 for Forex instruments.

HYCM account types include three accounts Fixed, Classic and Raw Spread Accounts that are different models accounts. HYCM uses either a fixed spread model with slightly higher spread, means commissions are not charged on trades. Classic account offers variable spreads, and Raw spread is provided by interbank spread from 0 pips with commission per trade. However, trading accounts and conditions may vary according to jurisdiction rules.

 

 

HYCM fees will vary according to the account type you select or trade, so see which one is suitable for your trading style. HYCM fixed spreads worth considering for those that prefer to rely on stability even during volatile news and Classic variable spreads are good for various trading styles with no commission added.

It is important to get into broker fees too, check additional fees like a commission for deposits or withdrawal also non-trading fees.

FeesHYCM FeesOctaFX FeesAvaTrade Fees
Deposit FeeNoNoNo
Withdrawal FeeYesNoNo
Inactivity FeeYesYesYes
Fee rankingLow, AverageLowHigh

Non trading fees
HYCM overnight fee or a swap rate determined by the overnight interest rate is involved in a long opened position (Check out best swap free forex brokers), whether its a buy ‘long’ or sell ‘short’. The fee originally varies from one currency to another, for example, EURUSD buy order will equal -3.25%, while selling will add 1.25% respectively.

Also, what you should consider is inactivity fee, meaning HYCM will charge 10$ per month in case trading account has no activity for a certain time.

Spreads
HYCM Spread depending on the account type, Fixed spread conditions offer a slightly higher spread but with stability under any circumstances. While Classic Account with variable spreads will include lower spreads that is changing according to volatility and market conditions. Lastly, Raw spread is a choice for mainly professional traders as trading fees inbuilt into commission per round, which is 4$.

Besides, there are Islamic trading accounts available for traders with no adjustments. Also, compare HYCM trading fees to BlackBull Markets. See HYCM Spread below.

Asset/ PairHYCM SpreadOctaFX SpreadAvaTrade Spread
EUR USD Spread1.2 pips0.5 pips1.3 pips
Crude Oil WTI Spread6 pips2 pips3 pips
Gold Spread322040

HYCM specializes in providing trading services and offers a wide range of over 100 different financial instruments to trade with access to forex, metals such as gold and silver, energy products like oil and gas, commodities, indices and stocks.

 

There are plenty of ways to consolidate trading account, as well to withdraw funds from the account further on. HYCM applied democratic policy to money transfers, yet conditions and methods may vary according to the particular HYCM entity.

Deposit Options

HYCM’s clients can use regular bank cards

  • Visa/MasterCard,
  • Wire Bank Transfers
  • various electronic system WebMoney, UnionPay, Neteller, Skrill, etc.

HYCM Minimum Deposit

HYCM minimum deposit varies according to the chosen account and starting from 100$, Raw spread account requires 200$ at the start.

HYCM minimum deposit vs other brokers

 HYCMMost Other Brokers
Minimum Deposit$100$500

Withdrawals

Another pleasing addition from HYCM, the fee for deposits and withdrawals – 0$. Meaning you can easily manage expenses, yet make sure to deposit in your account base currency and avoid conversion.

As a leading financial services provider, HYCM offers its traders with advanced trading platforms. HYCM gave its preference and reliability to the popular MetaTrader 4 platform and has made it as the mainstay, yet you always can choose a new version Metatrader5.

ProsCons
Mainstay on MetaTrader4 and MetaTrader5No proprietary platform
User friendly trading 
Price alerts and push notifications 
Supporting various languages and trading styles 
Web, Mobile and Desktop versions 

Web Platform

MetaTrader 4, which is an industry-leading software is loved for many reasons, but mainly for its ease of use and comprehensive features. Web Platform is a great choice due to its easy access via any browses and does not require any installation or specific settings.

The only gap could be a limited number of tools and drawing applications available via Web Version so for more comprehensive analysis you better choose desktop MT4.

Desktop Platform

Nevertheless, professional and day trading traders would need a desktop platform which is a full version of MT4 or MT5 platform offering a maximum of its trading capabilities.

Moreover, MT4 suitable for beginner traders and including security and 24-hour support, automated trading capable, integrated technical analysis tools and indicators, streaming market news, personal VIP dealer services, expert advisors and many more.’

Mobile Platform

HYCM also included Mobile Application, for the traders who prefer to trade on the go, which allows trading at anytime and anywhere. HYCM Mobile is available for mobile devices Apple and Android.

 

HYCM support in any case and questioning through its established 24h customer service available on various languages and performed via the service desks covering global need. Even though, customer service available on working days only it is quite responsive and reachable via Live Chat, International Phone lines, email, etc.

Another fantastic opportunity with HYCM is its education center that provides all the necessary knowledge for successful trading. These include Trading Courses, regularly held Webinars and Seminars in various locations, also you will find Technical Analysis and Market Analysis available with tutorials, MT4Videos and other essential data.

This is indeed great and very recommended for beginning traders especially, since together with good education and research tools you have good chances for a good trading path.

After all, HYCM brokerage company has a strong and very reliable reputation in the financial market. The time timed broker, offering professional services to the traders while highly regulated and regarded by traders as well. Small retail traders can find their way to open a live trading account, as a very small deposit of only $100 allows so. Beginners are most welcome to the company too, with quality customer support team and good education or research.

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