Haxa Forex Spreads, leverage, minimum deposit Revealed

Aspect	Information
Registered Country	United States
Founded Year	2-5 years
Company Name	HAXA FOREX INC
Regulation	Not currently regulated by any valid regulatory agency. The claimed United States NFA regulation with license number 0533800 is suspected to be a clone and not authentic.
Minimum Deposit	$100 - $10,000 (varies depending on account type)
Maximum Leverage	1:500 on major currency pairs
Spreads	Starting from 0.6 pips on major currency pairs
Trading Platforms	MetaTrader 4 (Available for Windows OS)
Tradable Assets	Forex (Majors, Minors, Crosses), CFDs (Indices, Commodities, Stocks), Cryptocurrencies (Bitcoin, Ethereum, Litecoin)
Account Types	Standard Account, Premium Account, VIP Account
Demo Account	Not specified
Islamic Account	Not specified
Customer Support	Email: Info@Haxachinese.Com
Payment Methods	Credit/Debit Cards, Bank Transfers, E-wallets
Educational Tools	Not specified

Overview of Haxa Forex

　　

　　Haxa Forex is an unregulated forex broker based in the United States, with a questionable NFA regulation claim and suspected use of counterfeit trading software. Traders should exercise caution and be aware of potential risks when dealing with this broker.

　　The company offers a range of market instruments, including major, minor, and cross currency pairs in the forex category. Additionally, they provide CFD trading with indices, commodities, individual stocks, and popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

　　Haxa Forex offers three types of trading accounts: Standard, Premium, and VIP, each catering to different trader needs. Leverage up to 1:500 is available on major currency pairs, and spreads start from 0.6 pips with no commission charges. Traders can access customer support through email at Info@Haxachinese.Com.

　　

Pros and Cons

　　

　　Haxa Forex presents several advantages, including a diverse range of market instruments, multiple account types to suit different traders' needs, high leverage options of up to 1:500, and various deposit and withdrawal methods. Additionally, the platform facilitates cryptocurrency trading and offers spreads from 0.6 pips. However, there are notable drawbacks, such as the unavailability of the main website with limited information, lack of regulation by any valid regulatory agency, suspicion of using counterfeit trading software, and high minimum deposit requirements for the VIP account. Furthermore, customer support options are limited, and there are fees for withdrawing funds that vary depending on the chosen method.

Pros	Cons
Offers a range of market instruments	Main website unavailable, lack of information overall
Provides multiple account types	Not regulated by any valid regulatory agency
High leverage options, up to 1:500	Suspected use of counterfeit trading software
Various deposit and withdrawal methods	High minimum deposit for VIP account
Offers cryptocurrency trading	Limited customer support options
Spreads from 0.6 pips	Fees for withdrawing funds vary depending on the method

　　

Is Haxa Forex Legit？

　　

　　HAXA FOREX INC is not currently regulated by any valid regulatory agency. The claimed United States NFA regulation with license number 0533800 is suspected to be a clone and not authentic. The broker is also found to be using counterfeit trading software. Therefore, it is essential to be cautious and aware of the potential risks associated with trading with this institution.

　　

Market Instruments

　　

　　FOREX: Haxa Forex offers a range of market instruments in the foreign exchange (FOREX) category. Among these are the Majors, including widely traded currency pairs like EUR/USD, USD/JPY, and GBP/USD. Additionally, they offer Minors, comprising less commonly traded pairs such as EUR/CHF, AUD/USD, and NZD/USD. Crosses are also available, which are currency pairs that exclude the US dollar, like EUR/GBP, AUD/NZD, and USD/CAD.

　　CFDs: Haxa Forex provides Contract for Difference (CFD) trading with various types of instruments. Within this category, they offer Indices, allowing traders to speculate on the performance of indices like the S&P 500, the DAX, and the FTSE 100. Commodities are also available, encompassing assets like gold, oil, and wheat. Furthermore, traders can access individual Stocks from prominent companies such as Apple, Microsoft, and Amazon.

　　Cryptocurrencies: Haxa Forex presents opportunities for cryptocurrency trading. They facilitate trading in popular cryptocurrencies like Bitcoin, which is the most well-known digital currency. Ethereum, the second most popular cryptocurrency, is also available. Additionally, Litecoin, a notable alternative cryptocurrency, can be traded through their platform.

　　Pros and Cons

Pros	Cons
Allows trading in popular cryptocurrencies	Limited information on trading volume and market depth
Provides access to Forex, CFDs, Cryptos	Lack of specific information on trading conditions and execution quality
	Limited types of market instruments

　　

Account Types

　　

　　Haxa Forex provides three main types of trading accounts to cater to different traders' needs. The Standard Account requires a minimum deposit of $100 and offers a spread of 1.0 pips. It is designed for beginners who want to enter the forex market with a low-cost option. This account grants access to the popular MetaTrader 4 platform.

　　The Premium Account is tailored for experienced traders and demands a minimum deposit of $500 with a spread of 0.8 pips. Traders opting for this account type benefit from an account manager and access to a broader range of trading tools.

　　The VIP Account is the most exclusive offering, necessitating a substantial minimum deposit of $10,000 and providing a spread of 0.6 pips. Geared towards professional traders, this account type offers personalized support through a personal trading coach and VIP trading room.

Pros	Cons
Leverage up to 1:500	No information provided on additional features or benefits of each account type
Low minimum deposit requirement for the Standard Account	Lack of clarity on the trading conditions and advantages of each account tier
Offers three types of accounts for different traders' needs	No demo account mentioned

Leverage

　　

　　Haxa Forex offers leverage up to 1:500 on major currency pairs. This means that for every $100 you deposit, you can trade up to $50,000 worth of currency.

　　

Spreads & Commissions

　　

　　Haxa Forex offers spreads starting from 0.6 pips on major currency pairs. They do not charge commissions on any currency pairs. The spreads are subject to change, so please visit the Haxa Forex website for the most up-to-date information.

Minimum Deposit

　　

　　Haxa Forex's minimum deposit ranges from $100 to $10,000, depending on the chosen account type.

Deposit & Withdrawal

　　

　　Haxa Forex offers a variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. The minimum deposit amount is $100 and there are no fees for depositing funds. The minimum withdrawal amount is $100 and there are fees for withdrawing funds, which vary depending on the withdrawal method. Haxa Forex processes deposits and withdrawals within 24 hours.

Pros	Cons
Variety of deposit and withdrawal methods	Fees for withdrawing funds vary depending on the method
Minimum deposit amount is $100	Minimum withdrawal amount is $100
No fees for depositing funds

　　

Trading Platforms

　　

　　Haxa Forex offers the MetaTrader 4 trading platform to its clients. However, there have been concerns raised about the platform's authenticity, and its performance may not meet the expected standards. The platform is available for use on Windows operating systems.

Pros	Cons
Provides access to MetaTrader 4 platform	Concerns about platform authenticity
Available for use on Windows OS	Potential performance issues that may not meet expected standards

　　

Customer Support

　　

　　Haxa Forex offers customer support through the email address Info@Haxachinese.Com.

　　

Conclusion

　　

　　In conclusion, Haxa Forex is a company that lacks transparency and credible regulation, raising concerns about its legitimacy. The absence of a main website and overall information about the company adds to the uncertainty. While they offer a variety of market instruments, including forex, CFDs, and cryptocurrencies, the use of counterfeit trading software is a significant drawback. The three account types cater to different traders' needs, but traders should be cautious about potential risks. The leverage provided is relatively high, up to 1:500 on major currency pairs. Spreads start from 0.6 pips with no commissions charged on currency pairs. However, the authenticity and performance of their MetaTrader 4 platform have been questioned. Customer support is available through email only. In light of these drawbacks and uncertainties, traders should exercise caution and conduct thorough research before considering Haxa Forex as their trading platform of choice.