Highness

Highness Information

Highness is a Mauritius-registered brokerage company who started its business since 2009 with headquarters and branches in the United States, the United Kingdom, the United Arab Emirates, Turkey, and Malaysia. If offers trading services in Forex, commodities, indices, shares, CFDs and ETFs. There is one demo account and 3 tiered live accounts for customers' choices. Investors can execute trades via the well-acclaimed MT5 and the broker's proprietary platform.

Furthermore, trading tools like economic calendar expert advisor, VPS hosting etc. enhance trading efficiency. While educational articles, videos, analysis and webnars equip traders with essential knowledge and skills for successful trading.

However, one fact that cannot be neglected is that the company currencly operates without valid regulation, degrading its credibility and reliability.

Pros and Cons

Is Highness Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on Highness?

Highness provides trading services to more than 470 instruments, mainly in 6 asset classes.

Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment.

Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals as well as energy products and agricultural products.

Indices: Indices are statistical measures that represent the performance of a specific group of assets, such as stocks or bonds, helping investors gauge market trends and economic health.

Share: Shares represent ownership stakes in large companies such as Apple, Tesla etc., allowing investors to participate in their profits and losses.

CFD (Contract for Difference): A financial derivative that allows traders to speculate on the price movements of assets without owning the underlying asset itself.

ETF (Exchange-Traded Fund): An investment fund that is traded on stock exchanges, similar to individual stocks, and typically holds a diversified portfolio of assets, such as stocks or bonds.

When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than concentrating on a single one you feel optimistic about.

Account Type/Spread & Commission

Except for a demo account for practicing and testing with simulated market conditions, Highness also provides 3 tiered account types for different client demands.

The Standard account requires an affordable minimum deposit of 20 USD, with spreads from 1.2 pips, suitable for beginners who usually have limited initial capital.

Moving up, the Highness Account and Professional Account set a very high threshold of entry, with minimum deposit requirement of USD10000 and USD50000 respectively. Spread is 0.8 pips in Highness account and 0.5 pips in Professional account.

One of the lightspots of this broker is its commission-free structure, reducing costs for traders significantly.

Leverage

Leverage, a trading tool that enables you to control larger positions with smaller capital, should always be used cautiously, with risk management indispensable for every investors.

With Highness, leverage level is up to 1:100 for Standard account and higher at 1:400 for both Highness and Professional account.

Trading Platform

Highness offers two trading platforms for trades execution: the popular MetaTrader5 and its own-developed Highnessinvestment 5 platform.

The MT5 platforms is widely recognized globally for its robust functions, built-in charting tools and techinical indicatiors and customized interface. Traders can configure settings of the platform according to their own preferences.

You can acess these platforms via web or download a software of PC version.

Besides, the company also developed its own platform called “Highnessinvestment 5” which allows for trading on the go by mobile apps downloaded from iOS, Android and Windows devices.

Deposit & Withdrawal

Highness enables multiple funding methods for convenience.

Bank Transfer allows deposits from $50 to $10,000 with no fees and a processing time of up to one working day.

Visa and MasterCard enable instant deposits from $50 to $5,000, also fee-free.

Skrill and Neteller accept deposits from $50 up to €50,000 with instant processing and no fees.

Bitcoin Transfer allows deposits starting at $50 with no limit, processed instantly.

Sticpay also offers deposits from $50 with no maximum and instant processing.

For withdrawals, options include Bank Transfer (min $15, unlimited max), Visa and MasterCard (min $50, max $5,000), Skrill and Neteller (min £5/€5/$5, max $50,000), and Bitcoin Transfer (min $5, unlimited max), all processed within one working day without any handling fees.