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.
Profitix is an offshore Forex brokerage registered in St. Vincent and the Grenadines. It provides the MT5 trading platform, and an extremely generous leverage. Traders are extended a leverage of up to 1:400. Furthermore, there is a wide range of trading products from which to choose, but the spread of 3 pips is quite high and not in favor for the traders in our opinion. The required minimum deposit is the standard $250.
|#||Broker's Features||HQBROKER Availability||PROFITIX 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 Profitix.
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 Profitix offers Currency Trading, Commodities Trading, Shares Trad.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. HQBroker is Broker, ECN, while Profitix is Broker.
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 Profitix has a Minimum Deposit Requirement of 250.
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 Profitix regulated by N/A. 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 Profitix offers USD, EUR, GBP account currencies.
Languages Available: Next lets have a look at each broker's different Language options. HQBroker offers English, while Profitix offers English, Deutsch 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 Profitix offers MasterCard, Visa, 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 Profitix offers MT5, WebTrader.
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 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.
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.