Score
HyperForex
Saint Vincent and the Grenadines|5-10 years| https://www.hyperforex.com/en/
Website
Rating Index
Contact
Licenses
Licensed Institution：Hyper Global Trade Pte. Ltd
License No.：MB/19/0032
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License Suspicious Scope of Business Malaysia Straight Through Processing(STP) Revoked High potential riskAccount Information
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Website
hyperforex.com
Server Location
United States
Website Domain Name
hyperforex.com
Server IP
104.26.15.237
Company Summary
General Information & Regulation
HyperForex is an online broker owned and operated by Hyper Global Trade Pte. Ltd., and this company is Regulated by Labuan International Business and Financial Centre (Labuan IBFC) , Company No : LL08961, Licence No.: MB/19/0032- Registered by the Financial Services Authority (FSA) of ST. Vincent and the Grenadines, Registration No. 24777 IBC 2018.
Market Instruments
HyperForex offers an array of currency pairs for trade, as well as several CFDs on indices, commodities, stocks, and precious metals.
HyperForex Minimum Deposit
HyperForex gives its clients a choice of three account types. Accounts are listed in Basic (deposit from $1), Standard (deposit from $1,000) and VIP (deposit from $5,000).
Demo Account
Another disturbing issue with the broker is the rigged demo account. Scam artists have taken advantage of it and decided to distort results. With their demo account, users are getting over 98% successful trades. Price markets changes constantly and acquiring such profit is not achievable.
HyperForex Leverage
HyperForex offers a trading leverage as high as 1:1000, which is more than enough for any trading strategy. It is not a good idea to use leverage to the full, especially if you are a newbie for higher leverage brings along greater risk.
Spreads & Commissions
Benchmark EUR/USD spread in HyperForexs MT4 in demo mode floating around 1.4 – 1.5 pips, which is not that bad. Actually, such costs of trading are on the upper end of average.
HyperForex Trading Platform
HyperForex uses the most widely used forex trading platform, the MetaTrader 4 (MT4), and that is definitely an advantage. This trading terminal is a clear favorite of several generations of traders due to its reliability, ease of use, and great functionalities. The MT4 is praised for its top-notch charting with many technical analysis indicators. Support for automated trading via Expert Advisors (EAs), customization options and more.
Deposit & Withdrawal
Withdrawals methods on the other hand, are indicated on the client portal as Wire Transfer, Neteller, SticPay, and FasaPay. The minimum withdrawal is $10. The broker claims that there are no withdrawal fees, aside from those arising from the different payment methods.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Malaysia Straight Through Processing(STP) Revoked
- High potential risk
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