HQBroker

Normally, brokers try to lure clients by offering more attractive spreads than their competitors at the very the first glance. However, HQBroker has chosen to “hide” the info in another area of the website. It’s not completely complete. There’s no information on what the Platinum accounts spreads.

There is no doubt that the leverage may be attractive, but knowledgeable traders are aware that leverage is a double-edged sword. The greater the leverage is, the greater the risk in particular when the minimum deposit is larger.

HQBroker allows the trading of forex pair (a relatively limited range of the major ones) CFDs on equity shares, commodities and stocks, as well as metals.

Alongside the Live trading account, HQBroker also offers a demo account to test the trading.

The Company. Security of Funds

HQBroker brand is owned through Hokkaido Investments Sp. z o.o. – a registered company with its headquarters within Warsaw, Poland (and not licensed in the country). According to details in the terms and conditions of HQBroker the company is the principal broker for Hokkaido Investments Sp. z o.o. (Z.O.) Capzone Invest Ltd., founded in the Marshall Islands.

The issue with offshore businesses is that they’re that have a lack of regulation and no regulations whatsoever, they are extremely vulnerable to dealing with, regardless of what they say. It is the case with Marshall Islands, Saint Vincent and the Grenadines and Saint Vincent and the Grenadines, Seychelles or other places with beautiful beaches, low taxes, and a lack of business regulations most of the time draw fraudulent companies hoping to make quick money and profit from their clients’ funds.

Platform for trading

Much like the vast majority of brokers for forex HQBroker provides the well-known MetaTrader 4 as a trading platform. You can also choose to utilize the mobile version for MT4 and the version on the internet.

Over the course of a decade, MT4 has become the most popular choice for traders and brokers alike. It’s still the preferred platform regardless of the efforts of creator MetaQuotes Software to push forward the successor MetaTrader 5. MT4 is an extremely reliable and stable multiasset platform with a variety of options and options, such as analysis and charting tools, and experts as advisors.

Payment methods

HQBroker offers a variety of payment options. These include, in addition to generally accepted credit and debit cards and bank transfers it also includes online payment services and prepay cards such as CashU, Paysafe Card, Web Money, Yandex Money, Skrill, Moneta.ru, China Union Pay and AliPay. All payment options, with the exception of bank transfer, are processed immediately.

Conclusion

We strongly recommend against trading with brokers that are not regulated such as HQBrokers.

There are a lot of registered brokers that provide similar or better trading conditions , and are monitored by serious regulators such as the UK’s FCA or Australia’s ASIC. In addition, the instruments portfolios of the majority of them are larger and some provide leveraged trading on ever-growing cryptocurrency (usually CFDs)