Introduction
HXFXGlobal.com is an online trading platform that offers a wide range of instruments for traders to choose from, including forex, metals, indices, and more. The company is based in St. Vincent and the Grenadines and is owned by HF Markets Ltd. HXFXGlobal.com is a regulated broker by the Vanuatu Financial Services Commission (VFSC) with license number 14595. The company adheres to strict financial regulations, providing a secure and transparent trading environment for its clients. In this HXFXGlobal.com review, we will take a look at the broker’s regulation, trading platforms and instruments, as well as the pros and cons of trading with HXFXGlobal.com
Review of HXFXGlobal
HFXFXGlobal is a forex broker that is headquartered in the Marshall Islands and provides its services to traders across the globe. The company is regulated by the Marshall Islands Financial Services Authority (MIFSA), which is a member of the International Organization of Securities Commissions (IOSCO).
The broker offers two types of trading platforms to its clients – the MetaTrader 4 (MT4) platform and the HFX web-based platform. Both these platforms are available for desktop as well as mobile devices. The MT4 platform is one of the most popular forex trading platforms in the world and comes with a host of features and tools that enable traders to analyze markets and make informed trading decisions. The HFX web-based platform is designed for those who prefer a more simplistic approach to trading. It is user-friendly and comes with all the essential features that are required for effective online trading.
HFXFXGlobal provides its clients with access to a wide range of financial instruments including major, minor and exotic currency pairs, precious metals, commodities, indices, stocks, and ETFs. The leverage offered by the broker is up to 1:500, which is higher than what is offered by most other brokers in the industry.
The minimum deposit required to open an account with HFXFXGlobal is $100. The broker does not charge any commission on trades but makes its money through spreads, which start at just 0.0 pips on major currency pairs
Regulations
HXFXGlobal.com is a forex broker that is headquartered in the Marshall Islands and operates under the jurisdiction of the Marshall Islands Business Corporation Act. The company is registered with the Financial Services Authority (FSA) of the Marshall Islands.
The company offers its clients two types of trading accounts: Standard and ECN. The Standard account requires a minimum deposit of $500 and provides leverage up to 1:200. The ECN account requires a minimum deposit of $5,000 and provides leverage up to 1:100.
The broker offers its clients the MetaTrader 4 and MetaTrader 5 trading platforms. Both platforms are available for desktop, web, and mobile devices.
The company provides its clients with access to a wide range of financial instruments, including currency pairs, indices, metals, energies, and cryptocurrencies.
The minimum trade size for currency pairs is 0.01 lot, while the maximum trade size is 10 lots. For indices, the minimum trade size is 0.1 lot, while the maximum trade size is 2 lots. For metals and energies, the minimum trade size is 0.01 lot, while the maximum trade size is 10 lots. For cryptocurrencies, the minimum trade size is 0.001 BTC, while there is no maximum limit on trade size.
The broker charges a commission of $4 per lot on currency pairs and $6 per lot on other instruments traded on the ECN account type. There are no commissions
Trading Platforms and Instruments
HXFXGlobal.com is an online trading platform that allows traders to trade a variety of financial instruments. The platform is available in three different versions: the web-based version, the mobile version, and the desktop version. The web-based version is the most popular among traders, as it is easy to use and offers a variety of features.
The mobile version of HXFXGlobal.com is designed for traders who want to trade on the go. The mobile app is available for both Android and iOS devices.
The desktop version of HXFXGlobal.com is designed for advanced traders who need more features and tools than what the web-based and mobile versions have to offer.
HXFXGlobal.com offers a wide range of tradable instruments, including forex pairs, commodities, indices, stocks, and ETFs. The platform also provides access to a number of research tools and resources.
Pros and Cons
HXFXGlobal.com is an online broker that offers a range of different financial services to its clients. In this HXFXGlobal.com review, we will take a look at the company’s regulation, trading platforms and instruments, as well as the pros and cons of using this broker.
Regulation
HXFXGlobal.com is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). This means that the broker is required to adhere to strict financial regulations in both countries, providing its clients with a high level of protection.
Trading Platforms and Instruments
HXFXGlobal.com offers its clients two different trading platforms – the MetaTrader 4 (MT4) platform and the WebTrader platform. Both platforms offer a wide range of different financial instruments to trade, including forex pairs, CFDs on commodities, indices and shares.
Pros and Cons
There are several pros and cons to using HXFXGlobal.com as your online broker. Some of the main pros include:
– The broker is regulated by two reputable financial bodies – the FCA in the UK and CySEC in Cyprus. This provides clients with peace of mind that their funds are safe and that they are being treated fairly.
– A wide range of different tradable assets – including forex pairs, commodities, indices & shares – are available via the MT4 & Web
Conclusion
HXFXGlobal is a reliable and regulated online broker that offers a wide range of tradable assets and competitive trading conditions. Although the broker does not offer a demo account, it does provide traders with access to multiple trading platforms and a generous selection of educational resources. Overall, HXFXGlobal is a good choice for both beginner and experienced traders looking for a reputable broker to trade with.