HPI Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-04 14:49

Abstract：HPI is a broker based in Hong Kong. It offers a variety of market instruments, including Asset Management, Options Trading and Financial Planning.

HPI Summary in 7 Points
Company name	HPI
Registered country/region	Hong Kong
Regulation	Suspicious Clone
Trading Platforms	Auton(HPI)
Maximum Leverage	1:20
Market Instruments	Asset Management, Options Trading, Financial Planning
Customer Support	Email:cs@hpi.asia
Customer Support	Phone:+852 3519 9888

HPI Information

　　HPI is a broker based in Hong Kong. It offers a variety of market instruments, including Asset Management, Options Trading and Financial Planning.

Pros And Cons

Pros	Cons
24 hours online trading	Suspicious Clone
Diverse Market Instruments
Short transaction time

Is HPI Legit?

　　The current regulatory status of HPI is suspected of being a set-up.

Regulatory Status	Suspicious clone
Regulated by	Securities and Futures Commission of Hong Kong
Licensed Institution	KOG Forex Limited
Licensed Type	Leveraged foreign exchange trading
Licensed Number	BAB663

What Can I Trade on HPI?

　　You can trade several products including Asset Management, Options Trading and Financial Planning.

Tradable Instruments	Supported
Asset Management	✔
Options Trading	✔
Financial Planning	✔

Account Type

　　HPI provides Individual Accounts and Joint Accounts. To apply for opening a trading account, you should complete the application form provided by HPIB.

　　Individual Accounts: To open an Individual Account, you need to fill in the account application form, which includes personal information, financial information, investment experience and purpose.

　　Joint Accounts: To open a Joint Account, you can use the same application form as your Individual Account, and the information required to be filled in is consistent with that of your Individual Account.

HPI Fees

　　HPI charges no commission for spot contracts and 15% commission for options contracts. Administration fee may be deducted for accounts having no transaction for over 3 consecutive months. The fee is $50 per every 3 month until the account is active with new trading activities.

Trading Platform

　　HPI uses self-developed product Auton (HPI) as trading software.

Trading Platform	Supported	Available Devices	Suitable for
Auton(HPI)	✔	PC, MAC, Android	Anyone

Deposit and Withdrawal

　　HPI requires a minimum deposit of $50.

　　Deposit Options

Deposit Options	Min. Deposit	Fees	Processing Time
Bank transfer	$50 for security deposit	No mention	No mention
Cheque	$50 for security deposit	No mention	No mention
A third party	$50 for security deposit	No mention	No mention