HXFX Global Review
HXFX Global is an online trading broker that offers a range of competitive trading conditions, such as multiple account options, leverage of up to 1:500, minimum lot size of 0.01, and zero account opening fees, whilst providing multiple sophisticated trading platforms. The broker offers over 40 financial instruments, spread across forex, commodities, stocks, shares, and more.
HXFX Global Review, Pros & Cons
- Multiple trading platforms
- Selection of trading tools & learning resources
- Various financial markets
- Not regulated
- No MetaTrader 5 or cTrader platforms
- Not the lowest spreads
- Limited account funding options
- No USA clients
In this detailed HXFX Global 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.
HXFX Global Overview
Having bagged several industry awards since its launch in the past decade, HXFX Global is an online brokerage firm that provides traders with multiple sophisticated trading platforms to enable them to trade several financial instruments. The broker offers reliable order execution, comprehensive technical indicators, and some trading tools and learning resources to try and help aid the trading process. There is also a 24/5 client support service.
HXFX Global Regulation
There is no regulatory information on the broker’s website at the moment. Many 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.
HXFX Global Countries
The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations.
Some HXFX Global features and products mentioned within this HXFX Global review may not be available to traders from certain countries because of legal restrictions.
HXFX Global Platforms
The broker allows clients to trade on the highly advanced MetaTrader 4 trading platform, which is regarded as one of the industry standards for trading the foreign exchange market. It features market charts, technical analysis, indicators, and a wide range of visualized market analysis tools. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile trading app that is compatible with Android and iOS devices.
There is also the HXFX Trader, an in-house-developed trading platform that is available as a mobile app for Android and iOS devices and can be downloaded from the respective app stores. The HXFX Trader is tailor-made for professional investors and has the following basic features:
- Order execution speeds in milliseconds
- Advanced chart analysis
- Comprehensive technical indicators
- Global real-time update of market information and financial calendar
HXFX Global Trading Tools
Traders benefit from a range of useful trading tools that help to ensure a hitch-free trading process, and they include market analysis, Charts, technical indicators, and more.
HXFX Global Education
There is a good selection of educational resources on the broker’s website, such as company news, trading articles, and an FAQ section that offers quick answers to the common questions that traders may have.
HXFX Global Instruments
The broker offers the following trading instruments: forex, commodities, stocks, shares, and more.
HXFX Global Accounts & Fees
HXFX Global offers a choice of three trading account options, and they include the Micro account, which has a minimum deposit of $20 and spreads from 1.5 pips; the Standard account with $50 minimum deposit and 1.3 spreads; and the Premium account with a minimum deposit of $2000 and a minimum of 1.1 spreads. Demo accounts are also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this HXFX Global review. It is imperative to ensure that you check and understand all of the latest information before you open an HXFX Global broker account for online trading.
HXFX Global Support
The broker offers a knowledgeable client support team that can be reached through the following channels: telephone, email, Live Chat, and social media.
HXFX Global Deposit & Withdrawal
The Broker accepts the following payment methods for account deposits and withdrawals:
- Bank cards
HXFX Global Account Opening
To open an account, click on the ‘Open Account’ button on the homepage and fill in the relevant account information. Then click ‘Next’ to fill in other personal details. After that, you can see your account number and will receive an email confirming that your account has been successfully opened.
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.
HXFX Global Summary
HXFX Global is a retail broker that gives traders access to trade multiple financial instruments online using a range of intuitive trading platforms. There are multiple trading account options with a required minimum deposit of $20 and spreads starting from 1.3 pips. However, there is no regulatory information on the broker’s website at the moment. The lack of regulation may be a concern for some traders.
Trading leveraged products can involve a high level of risk to your capital. Forex and CFDs, which are traded on margin, can both bring you benefits and losses. You should not risk more than you can afford to lose. Before you start trading you should ensure that you understand the level of risks involved. Seek independent advice if necessary.