HQBroker Review 2019 | Is HQBroker a Scam or Legit Forex Broker?

Read our HQBroker review to find out if HQBroker is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.3/ 5

Rating breakdown

Protection & Regulations
20% Complete (danger)
1.0/5
Trading platforms
90% Complete (danger)
4.5/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features HQBROKER Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review HQBroker.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. HQBroker offers Online Financial Trading and Investment Services Such as CFDs, Currency Pairs, Indices, Shares, Options, Co.

Tradable Products: The broker offers a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold, silver), Indices and CFD’s for shares trading. With HQBroker, you can trade up to 50 currency pairs on MetaTrader 4. HQBroker provides committed liquidity to the most traded stock Derivatives, including Facebook, Apple, Amazon and Alibaba. You can trade wheat, coffee, sugar, corn, copper, gold, silver, and oil through various spot and futures contracts with the broker.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. HQBroker is Broker, ECN.

Executing Trades:

HQBroker allows you to execute a minimum trade of N/A. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. HQBroker recommended minimum capital is $0.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. HQBroker is regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: According to the website the company behind the brokerage is registered in the Marshall Islands by the name Capzone Invest Ltd. We further read that the customer-support is situated in Honk Kong which is quite odd. Such irregularities in the corporate information are usually signs of trouble.

Account currencies: Next lets consider the Account currencies each broker offers. HQBroker offers USD, GBP, EUR, NZD, AUD different account currencies for each account types.

Account Openning: HQBroker offers its clients five account types. These are Starter, Silver, Golden, Platinum, and Investor account types.

Languages Available: Next lets have a look at each broker's different Language options. HQBroker offers English.

Payment methods: Next lets have a look at each broker's payment options. HQBroker offers Credit/Debit Cards, Bank Wire Transfer, Skrill different payment methods for each account types.

Deposit and withdrawal: Potential clients of the brokerage may deposit or withdraw via a very limited option of payment methods. They include the standard Visa and MasterCard, as well wire transfer. We came across a minimum withdrawal amount of $50. We couldn’t find any troubling withdrawal fees in the terms and conditions, however, this is no guarantee there aren’t any.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, HQBroker makes MT4, WebTrader available to clients.

Web & Desktop Trading Platforms: HQbroker is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.
Mobile Trading Platforms: HQbroker also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

Other

Trader Education
To trade effectively with HQbroker, it's important to get a have a good understanding of the XTB trading tools and the markets. HQbroker offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Support
HQbroker support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Recup
It’s safe to assume that the brokerage does not fall under any regulatory oversight because the government of the Marshall Islands does not include Forex trading within its regulatory framework.

Final Thoughts
We strongly advise against trading with unregulated forex brokers like HQBrokers.

People Also Asked

Is HQBroker regulated?
Yes, HQBroker is regulated by top-tier regulators, Not regulated inclusive.
Where is HQBroker based?
HQBroker is based in Hong Kong
How does HQBroker make money?
HQBroker charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in HQBroker account?
With HQBroker you can deposit money via the following means; Credit Cards, Wire Transfer, Skrill.
How do I withdrawal in HQBroker account?
HQBroker lets you request a withdrawal of funds from your account via the following means; Credit Cards, Wire Transfer, Skrill.
What is the minimum deposit for HQBroker?
HQBroker has $0 minimum deposit.
What are the available account base currencies with HQBroker?
HQBroker trading accounts are offered in USD, GBP, EUR, NZD, AUD. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in HQBroker?
HQBroker has a maximum leverage is 1:400 for professional traders.
How do I open an account with HQBroker?
Opening an account with HQBroker is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does HQBroker use MetaTrader?
HQBroker platforms: Yes, HQBroker use MetaTrader as well as the following platforms: MT4, WebTrader
What type of broker is HQBroker?
HQBroker appears to be a Broker, ECN broker which offers market access to a variety of traders.
Does HQBroker accept US clients?
Yes
Does HQBroker offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with HQBroker: You can trade a wide variety of instruments with HQBroker: CFDs, Currency Pairs, Indices, Shares, Options, Co

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