Score

1.45 /10
Danger

HQ TRADE

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.53

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

HQ TRADE

Company Abbreviation

HQ TRADE

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

HQ TRADE · Company summary

General Information

HQ TRADE is allegedly a Chinese forex broker that provides its clients with Web trader platform, leverage up to 1:500, variable spreads on various tradable assets and a choice of three different live account types.

Market Instruments

HQ TRADE advertises that it mainly offers five classes of trading instruments, including forex, commodities, indices, shares and cryptocurrencies.

Account Types

There are three live trading accounts offered by HQ TRADE, namely Bronze, Gold and Platnium. Opening a Bronze account requires the minimum initial deposit amount of €250, while the other two accounts with the minimum initial capital requirements of €12,500 and €25,000 respectively. However, this broker doesnt offer any free demo accounts.

Leverage

HQ TRADE provides leverage ratio between 1:100 and 1:500. Traders holding on different account types can enjoy different maximum leverage ratios. Clients on the Bronze account enjoy the maximum leverage up to 1:100, while the Gold account with the leverage as high as 1:300 and the Platinum account with the highest maximum leverage of 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what account types traders are holding. For example, the spread in the Bronze account starts from 0.3 pips, the Gold account from 0.5 pips, and the Platinum account from 0.7 pips.

Trading Platform Available

Instead of the worlds most widely used trading platforms in the industry like MetaTrader4 and MetaTrader5, HQ TRADE gives traders the only choice of Web trader platform, yet we cannot find more detailed information about it.

Deposit & Withdrawal

HQ TRADE seems to accept deposit or withdrawal via Credit Cards and Bank Wires. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. The minimum deposit is €250.

Customer Support

HQ TRADE‘s customer support can be reached through telephone: +43720883255, +442036702014, email: support@hqtrade.io, info@hqtrade.io. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.

User Reviews

More

User comment

2

Comments

Write a review

亚太珠宝
more than one year
I don’t tell lies, and I can say that HQ Trade stood out its competitors by its extremely narrow spreads, and such narrow spreads I only got when I traded with exness and fp markets. I have been considering switching to Gold account for two weeks, because this account asks for a very high minimum deposit, I gave up eventually. This is too much for me and I dare not take this adventure.
I don’t tell lies, and I can say that HQ Trade stood out its competitors by its extremely narrow spreads, and such narrow spreads I only got when I traded with exness and fp markets. I have been considering switching to Gold account for two weeks, because this account asks for a very high minimum deposit, I gave up eventually. This is too much for me and I dare not take this adventure.
Translate to English
2023-03-23 09:55
Reply
0
0
Bright John
more than one year
Avoid HQ TRADE, never contact them. You will not get this money back. Do not give them access to your bank account, not even your PC. You can not trust them!
Avoid HQ TRADE, never contact them. You will not get this money back. Do not give them access to your bank account, not even your PC. You can not trust them!
Translate to English
2022-12-07 10:50
Reply
0
0