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HighFx

WikiFX | 2024-11-15 18:29

Abstract:HighFx is an unregulated brokerage company based in Bulgaria. It claims to offer forex pairs, CFDs, indices, commodities, stocks, and cryptocurrencies trading via a web-based platform and the industry-leading MetaTrader4.

Note: HighFx's official website: https://www.highfx.com/ is currently inaccessible normally.

HighFx Review Summary
Founded2013
Registered Country/RegionBulgaria
RegulationNo Regulation
Market InstrumentsForex pairs, CFDs, indices, commodities, stocks, and cryptocurrencies
Demo Account❌
LeverageUp to 1:400
EUR/USD SpreadFrom 1.4 pips (Standard account)
Trading PlatformWeb-based, MetaTrader4
Min Deposit$250
Customer SupportPhone: +852 +442031500227, +442031500227, +33176729693
Email: info@highfx.com
Social media

HighFx is an unregulated brokerage company based in Bulgaria. It claims to offer forex pairs, CFDs, indices, commodities, stocks, and cryptocurrencies trading via a web-based platform and the industry-leading MetaTrader4.

Pros and Cons

Pros Cons
MT4 platformNon-functional website
A wide range of productsNo regulation
Diverse account typesNo demo accounts
High minimum deposit

Is HighFx Legit?

No license

At present, HighFx lacks valid regulation. Its domain was registered on June 27, 2013, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

Domain information

What Can I Trade on HighFx?

HighFX offers more than 300 tradeable instruments to its clients. Among these are numerous forex pairs and a variety of CFDs on indices, commodities, stocks, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
CFDs✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌

Account Type

HighFx provides four types of accounts: Standard, Gold, Platinum, and Diamond. Moreover, it also offers Islamic swap-free accounts.

Account TypeMin Deposit
Standard $250
Gold Not specified
Platinum Not specified
Diamond Not specified

Leverage

The maximum leverage is 1:400 for all account types. However, please note that high leverage can amplify both profits and losses.

Spreads & Commission

This broker asserts that it provides tight spreads and commission-free trading. Specifically, HighFX claims that holders of Standard accounts can trade with spreads averaging 1.4 pips on EUR/USD.

Account TypeAverage Spread
Standard 1.4 pips
Gold 1.1 pips
Platinum 0.8 pips
Diamond 0.5 pips

Trading Platform

HighFx offers a web-based platform and MetaTrader4 for clients. However, it seems that HighFX does not offer downloadable desktop MT4, but only mobile apps for iOS and Android.

Trading PlatformSupported Available Devices Suitable for
Web-based✔Web/
MT4✔iOS, AndroidBeginners
MT5❌/Experienced traders

Deposit and Withdrawal

HighFX provides some bonuses, but note that these bonus funds are non-deposited funds and also include any profits obtained due to or derived from them. These funds are not regarded as the client's money and are not available for immediate withdrawal.

Moreover, clients of HighFX can make a withdrawal free of charge once a month. Any additional withdrawals are subject to a withdrawal fee of 30 USD, EUR, or GBP depending on the trading currency.

Related broker

No Regulation
HighFx
Company name:SYSTEMS SUPPORT EU LTD.
Score
1.56
Website:https://www.highfx.com/en
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.56

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