HQBroker-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2021-11-24 19:29

Abstract：HQBroker is owned by Capzone Invest Ltd which is an offshore company registered in the Marshall Islands. HQBroker was established in 2017 and has since amassed an international client base from its Hong Kong headquarters. Despite its growth, the broker is currently unregulated.

General Information & Regulation

HQBroker is owned by Capzone Invest Ltd which is an offshore company registered in the Marshall Islands. HQBroker was established in 2017 and has since amassed an international client base from its Hong Kong headquarters. Despite its growth, the broker is currently unregulated.

Markets Instruments

HQBroker offers 200+ financial instruments across:

l 50+ currencies, including major USD pairs and a range of minor and emerging pairs

l Single stock shares in top global companies, including Amazon and Alibaba

l Stock indices including the FTSE, Dow Jones and NASDAQ

l Metals and energies, including gold, silver and oil

Minimum Deposit

HQBroker offers five account types to suit different traders. Each option comes with an account manager, full access to instruments and a minimum 0.01 position size.

l Starter – $250 minimum deposit

l Silver – $5,000 minimum deposit

l Golden – $20,000 minimum deposit

l Platinum – $50,000 minimum deposit

l Investor – $100,000 minimum deposit

Leverage

HQBroker offers leverage up to 1:400. This is high and means traders can take serious positions with small capital outlay.

Spreads & Commissions

HQBroker offers reasonable floating spreads with its Starter and Silver accounts. However, for fixed spreads under 1 pip on majors forex pairs, youll need to open a Gold, Platinum or Investor account.

Trading Platform Available

The industry-standard MT4 solution is available upon login. HQBroker also offers the MT5 platform which is more suited to experienced traders.

Deposit& Withdrawal

Deposits

The minimum deposit at HQBroker is $250. Payment methods include:

l Cryptos such as Bitcoin Cash, Litecoin and Ethereum

l Credit and debit cards

l Bank wire transfer

l MPWP

Withdrawals

Withdrawals can be made via wire transfer or credit/debit card. A $50 minimum withdrawal rate applies to wire transfers and transactions take 3-15 days to process, which is longer than most brokers. There is no minimum withdrawal with credit and debit cards, and transactions are processed within 7 working days.

Trading Hours

HQBroker follows standard global trading hours. Hours may vary slightly depending on the instrument, details can be found on the brokers website. Forex trading runs from Monday 00:00 to Friday 23:00 GMT +2.

Customer Support

HQBroker offers 24/5 telephone support in 10 different countries. Trader can also reach the customer service team via:

l Email – support@hqbroker.com

l Email request form – found on the contact us page

l Live chat – found in the top left-hand side of the brokers webpage

l Telephone call back – found in the top left-hand side of the brokers webpage

Unfortunately the live chat service didnt meet expectations upon testing – wait times were long and operators were unhelpful.

Broker

Related broker

No Regulation

HQBroker

Company name：Capzone Invest Ltd

Score

1.57

Website：https://www.hqbroker.com/

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.57

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