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||PLUS500 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 compare HQBroker vs Plus500.
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 Plus500 offers Trade over 2000 CFDs instruments on Shares, Indices, Forex, Cryptos and Commodities.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. HQBroker is Broker, ECN, while Plus500 is No 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 Plus500 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 Plus500 regulated by FCA, CySEC, MAS, IE, ASIC, AFSL, FMA, FSP. 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 Plus500 offers Most of the currencies are being supported account currencies.
Languages Available: Next lets have a look at each broker's different Language options. HQBroker offers English, while Plus500 offers platform is offered in 32 languages. Support is of Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. HQBroker offers Credit Cards, Wire Transfer, Skrill different payment methods for each account types, while Plus500 offers Credit Card, Skrill, PayPal, Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, HQBroker makes MetaTrader 4 Desktop/Mobile, Web Trader available to clients, while Plus500 offers Plus500 in-house platform.
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. Only HQBroker Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. 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.
Plus500 has limited product portfolio, provides only CFDs. It has high financing rates. Some standard research tools, like recommendations, fundamental data, or news feeds are missing from the Plus 500 platform.
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.