Compare forex brokers HQBroker VS Etfinance

If you're choosing between HQBroker and Etfinance forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is HQBroker better than Etfinance? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

HQBROKER VS ETFINANCE

ETFinance
ETFinance Overview

ETFinance is a brand name of Magnum FX which is regulated by the Cyprus Securities and Exchange Commission the “CySEC” and offer a wide range of tradable assets across Forex, Stocks, Indices, Commodities and Cryptocurrencies on the MetaTrader trading platform for Desktop, Web and Mobile.

HQBroker
HQBroker Overview

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 ETFINANCE 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 compare HQBroker vs Etfinance.

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, while Etfinance offers Currencies, Commodities, Stocks, Cryptocurrency, Futures.

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

Minimum Deposit Requirement: To compare these two FX brokers, 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 N/A, while Etfinance has a Minimum Deposit Requirement of .

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, while Etfinance regulated by CySEC. 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.

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, while Etfinance offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. HQBroker offers English, while Etfinance offers English, Spanish Customer Support Languages.

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, while Etfinance offers Credit/Debit Cards, Bank Wire Transfer payment methods.

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

The Verdict: HQBroker or Etfinance?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, HQBroker is more reliable based on our criteria above. HQBroker has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. HQBroker offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. HQBroker offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. HQBroker broker offers lower minimum deposit requirement.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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