Introduction
If you’re considering using HitPips.com for your online trading needs, then you’ll want to read this review first. We’ll cover all the important aspects of the site, including their regulations, trading platforms and instruments, as well as the pros and cons of using HitPips.com. So whether you’re a beginner or an experienced trader, make sure to check out this review before making any decisions.
About HitPips
HitPips.com is an online forex and CFD brokers that offer their services to traders from around the world. The company is headquartered in London, UK and is regulated by the Financial Conduct Authority (FCA).
The broker offers two types of trading platforms for its clients: the MetaTrader 4 (MT4) platform and the HitPips Webtrader platform. Both platforms are available for demo and live trading accounts. The broker also offers a mobile trading app for Android and iOS devices.
The company offers a wide variety of tradable instruments including major, minor and exotic currency pairs, precious metals, energies, cryptocurrencies, equity indices, and more. HitPips provides its clients with leverage of up to 1:500 and tight spreads starting from 0 pips on major currency pairs.
HitPips is a good choice for beginner and experienced traders alike. The broker offers a wide range of tradable instruments, competitive spreads, and high leverage. However, the broker does not offer any welcome bonuses or promotions at this time.
Regulations
All financial institutions in the United States, including HitPips.com, are regulated by the government. The most important regulatory agencies are the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Both of these agencies have regulations that HitPips.com must follow. The SEC’s regulations are designed to protect investors from fraud and manipulation. The CFTC’s regulations are designed to protect traders from abusive practices.
HitPips.com is a registered broker-dealer with the SEC and a member of the Financial Industry Regulatory Authority (FINRA). HitPips.com is also a registered Futures Commission Merchant (FCM) with the CFTC.
HitPips.com offers two types of accounts: a regular brokerage account and a margin account. A regular brokerage account is subject to SEC regulation T which limits the number of trades that can be made in a five day period. A margin account is subject to CFTC regulation 1.55 which requires that margins be deposited before trading can begin.
The minimum deposit for a regular brokerage account is $500 and the minimum deposit for a margin account is $2,000.
Trading Platforms and instruments
The forex broker HitPips.com offers the MetaTrader 4 and mobile trading platforms. The MetaTrader 4 platform is available for Windows and Mac, and mobile trading is possible with Android and iOS devices. The broker provides more than 100 instruments for trading, including major, minor and exotic currency pairs, as well as CFDs on indices, commodities, stocks and cryptocurrencies.
HitPips.com is a regulated broker by the Financial Conduct Authority (FCA) in the UK. The maximum leverage that the broker offers is 1:30 for retail clients and 1:500 for professional clients. The minimum deposit for a new account is $250.
Pros and Cons
The online broker HitPips.com is one of the many choices that traders have when it comes to picking a broker. In this review, we will take a look at the company’s regulation, the trading platforms and instruments offered, as well as the pros and cons of using HitPips.com as your broker.
Starting with regulations, HitPips is a member of the Investor Compensation Fund (ICF) and is CySEC-regulated. This means that your funds are safe in the event that the company goes bankrupt. As for trading platforms, you can trade on MetaTrader 4 (MT4), WebTrader, and mobile apps for Android and iOS. A wide variety of instruments are available for trading, including forex, CFDs, cryptocurrencies, stocks, indices, and more.
Now let’s take a look at some of the pros and cons of using HitPips.com as your broker. On the plus side,HitPips offers low spreads starting from 0.1 pips, fast order execution speeds of 0.03 seconds, and leverage of up to 1:500. There are also no deposit or withdrawal fees charged by HitPips. On the downside, however,HitPips does not currently offer any promotions or bonuses for new or existing clients
Conclusion
Overall, HitPips.com is a decent website that offers a variety of services for those interested in online trading. The company is regulated by the Financial Conduct Authority (FCA), which gives users peace of mind that their money is safe. In addition, there are several different trading platforms and instruments available, so users can find the one that best suits their needs. However, there are also some downsides to using HitPips.com, such as the high minimum deposit requirement and lack of customer support.