HQBroker is a Forex brokerage registered in the Marshall Islands. It provides the MT4 trading platform and an extremely generous leverage of up to 1:1000. Furthermore, there is a wide range of trading products from which to choose and a required minimum deposit of $250 which is about the industry average. The spread on EUR/USD is fixed at 2 pips which is a bit above the industry average of a pip and a half.
|#||Broker's Features||HQBROKER Availability|
|#||Accepts US traders||✔|
|#||24 hour trading||✔|
|#||Trading by phone||✔|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||✔|
|#||Interest charges on the balance||❌|
|#||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.
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.
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.
HQbroker support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
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.
We strongly advise against trading with unregulated forex brokers like HQBrokers.