HQBroker Review 2020
HQBroker is a retail trading broker that provides traders with multiple intuitive platforms for the online trading of different assets, such as forex, spot metals, commodities, indices, and derivatives. However, the broker is unregulated which could be a red flag for potential clients.
HQBroker Review 2020, Pros & Cons
- Multiple trading platforms
- Multiple trading instruments
- Educational resources
- Various trading account options
- Unregulated broker
- No US clients
- Not the lowest spreads
- Limited account funding options
- No cryptocurrency trading
- Minimum $250 deposit
- No demo trading accounts
In this detailed HQBroker review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
HQBroker is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including HQBroker.
HQBroker Review: Summary
HQBroker is an unregulated online trading broker that offers over 200 financial instruments across different asset classes, including forex, spot metals, commodities, indices, and derivatives, for trading online. They provide traders with multiple intuitive trading platforms, a good selection of educational resources, and dedicated customer support. There are also multiple account options to meet each trader’s needs.
HQBroker Review: Regulation
HQBroker is powered by Capzone Invest Limited (Registration Number: 92094). The broker states that clients’ funds are securely held separately away from its own funds. However, there is no regulatory information on the broker’s website.
Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
HQBroker Review: Countries
HQBroker does not offer its services to residents of certain jurisdictions, such as the USA, France, and Hong Kong.
Some HQBroker features and products mentioned within this HQBroker review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
HQBroker Review: Trading Platforms
The broker provides clients with the popular MetaTrader 4 desktop trading platform. MT4 supports Expert Advisors, one-click trading, and copy trading features and is available in desktop, web and mobile versions for Android and iOS devices. The web version runs in most popular browsers without the need to download or install any additional software whereas the mobile version is useful for those who need to access their accounts and trade whilst on the go.
HQBroker Trading Platform
The HQBroker trading platform is available in the following versions: Android Trader, iPhone Trader, Tablet Trader, and the WebTrader that integrates seamlessly with your MT4 account. They are beneficial to those who want quick access to the market from anywhere and anytime.
HQBroker Review: Trading Tools
There is a range of trading tools on the broker’s website, including the Economic Calendar, which shows traders the impacts of the daily financial news and events.
HQ Review: Education
The broker has a selection of educational resources, such as Market News, Learning Videos, Forex eBooks, and Trader Glossary.
HQBroker Review: Trading Instruments
HQBroker gives traders the opportunity to trade over 200 tradable assets, such as forex, spot metals, commodities, indices, and derivatives.
HQBroker Review: Trading Accounts & Fees
The broker offers a wide choice of different trading account types to meet the trading needs of different clients. The account types and their corresponding required minimum deposits are as follows: Starter ($250), Silver ($5,000), Golden ($20,000), Platinum ($50,000), and Investor ($100,000) Accounts. The accounts have a minimum trade size of 0.01 lots. The broker does not offer demo accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this HQBroker review. It is imperative to ensure that you check and understand all of the latest information before you open a HQBroker account for online trading.
HQBroker Review: Customer Service
The broker’s customer support team is available via telephone, email, Live Chat, and social media.
HQBroker Review: Deposit & Withdrawal
The broker accepts the following payment methods:
- Bank wire transfer
- Credit/Debit cards — such as Visa and MasterCard
The transaction limits and processing time varies, depending on the payment method.
HQBroker Review: Account Opening
Opening an account with the broker is requires completing a short form, simply click on the ‘Open a Live Account’ button and fill out the form; then, click on ’Register’.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
HQBroker Review: Conclusion
HQBroker is an online trading broker that gives traders access to trade over 200 financial instruments via multiple trading platforms. They offer multiple account options, educational resources, and a dedicated customer support team for optimal trading experience.
However, they are not regulated by any known financial authority which can be a red flag for potential clients. The broker also has limited funding options, no cryptocurrency trading and no demo accounts.
We did not find the account spreads to be the tightest when compared with other online brokers that we have reviewed. There is also no social trading platform intergration.
Trading forex and derivatives is highly speculative and carries a high level of risk which may not be suitable for all investors. A possibility of losing capital investment may arise; the Company, therefore, advises not to invest funds you cannot afford to lose.