Hummingbird Trading Review
Founded in 2017, Hummingbird Trading is a multi-asset mobile trading and financial technology company with offices across London, England, New York, and Berlin. The broker offers a complete suite of forex and cryptocurrency trading tools for your mobile device. Traders also benefit from educational resources and a customer support team.
Hummingbird Trading Review, Pros & Cons
- An intuitive mobile trading app
- Educational resources
- A minimum deposit requirement of $25
- Unregulated broker
- Limited trading instruments
- No MetaTrader platforms
- No standalone trading tools
- No live chat support
In this detailed Hummingbird Trading 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.
Hummingbird Trading Overview
Hummingbird Trading is an online trading broker that allows traders to trade forex currency pairs and cryptocurrencies through a proprietary trading platform that is available as a mobile app. The broker is connected directly to top-tier liquidity providers, which helps to ensure accurate pricing and execution of trades, whilst the broker charges zero commission on trades.
Hummingbird Trading Regulation
There is no regulatory information on the broker’s website at the moment. 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 trading broker reviews for alternative regulated brokers.
Hummingbird Trading Countries
The broker offers its services to residents of countries and jurisdictions where the use of such services would not be contrary to local laws or regulations.
Some Hummingbird Trading features and products mentioned within this Hummingbird Trading review may not be available to traders from certain countries because of legal restrictions.
Hummingbird Trading Platforms
Hummingbird Trading Mobile App
The broker provides traders with a mobile trading app that is developed in-house to enable clients to trade the offered assets. The mobile app features Cryptocurrency Exchange, Forex Trading, Open Fx Positions, and Bank, and many more. Designed by financial experts, designers, and engineers, Hummingbird Trading Mobile App puts trading at your fingertips. It allows you to trade cryptocurrencies such as bitcoin and forex currency pairs directly from your mobile phone. The mobile app is compatible with Android and iOS devices and can be freely downloaded from the respective app stores.
Hummingbird Trading Trading Tools
There are no well-defined trading tools on the broker’s website. However, the trading platform should have plenty of trading tools to ensure a seamless trading process for most traders.
Hummingbird Trading Education
The broker’s website has a selection of educational resources to help improve their clients’ trading skills and knowledge. They include a range of learning guides, articles, and an FAQ section that gives quick answers to most of the common questions traders may have.
Hummingbird Trading Instruments
The broker offers online trading of over 70 forex currency pairs, as well as the exchange of popular cryptocurrencies.
Hummingbird Trading Accounts & Fees
The broker offers a live trading account and a practice account that comes preloaded with virtual funds for risk-free trading practice.
As broker fees can vary and change, there may be additional fees that are not listed in this Hummingbird Trading review. It is imperative to ensure that you check and understand all of the latest information before you open a Hummingbird Trading broker account for online trading.
Hummingbird Trading Support
The broker’s client support is readily available to attend to traders’ inquiries via telephone, email, social media, or by visiting the team’s office in Kingstown.
Hummingbird Trading Deposit & Withdrawal
The broker allows traders to deposit and withdraw funds to and from their trading account using a wide range of payment options, including Bank transfer, Credit/Debit Cards, E-Wallets, and Cryptocurrencies.
Hummingbird Trading Account Opening
Opening an account is easy; simply install the Hummingbird Trading app on your phone, tap ‘Signup for live trading’, and then follow the instructions.
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.
Hummingbird Trading Summary
In brief, Hummingbird Trading is an online trading broker that provides traders with an intuitive forex and crypto mobile trading app, along with a selection of educational materials and a customer support team. There is a single live account option, but a demo account is available for practice purposes. The broker offers competitive trading conditions.
However, they are not regulated, and this could pose a red flag to most potential traders and investors. You can see a list of regulated brokers on our best brokers page.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.6% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.