Hubblebit-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Hubblebit is allegedly a forex broker registered in Switzerland that claims to provide its clients with a web-based trading platform, leverage up to 1:300, competitive spreads on various tradable assets, a choice of five different account types, as well as wealth management services and 24/5 customer support service.

Market Instruments

Hubblebit offers a variety of trading instruments in financial markets, including CFDs on indices, futures, bonds, forex and cryptocurrencies of Bitcoin, Ethereum, Litecoin and more.

Account Types

There are five live trading accounts offered by Hubblebit, namely Trial, Silver, Gold, Platinum and Signature. Opening a Trial account requires the minimum initial deposit amount of $2,500+, while the other four account types have much higher minimum initial capital requirements of $10,000+, $25,000+, $100,000+ and $250,000+ respectively.

Leverage

The maximum leverage ratio provided by Hubblebit is much higher than most brokers, up to 1:300. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

As tested on the demo account of Hubblebit, the spread for the EUR/USD was floating around 3.4-3.6 pips. Also, the broker claims to charge no withdrawal fees, minimal trading fees and swap commission.

Trading Platform Available

When it comes to trading platforms available, instead of the industry-standard MetaTrader4 and MeatTrader5, Hubblebit gives traders a web-based trading platform. (see the below screenshot). Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Hubblebits official website, we found that this broker seems to accept deposits and withdrawals with Visa, MasterCard, SSL Secure, Skrill and American Express. However, according to the information on the Internet, we get the knowledge that the only payment method available is an online payment platform called GumballPay which is supposedly powered by Visa and MasterCard. The minimum deposit requirement is $2,500. As for the processing time of withdrawal requests, the broker states that the withdrawal will be processed within 90 business days. And if you want to withdraw funds from an account that has been leveraged, you have to execute a minimum trading volume of (Deposit +Capital Leverage) * 25.

Hubblebits customer support can be reached by telephone: UK: +442039875790, Canada: +13432650449, Australia: +61261895067, Singapore: +6531052024, email: support@hubblebit.com or send messages online to get in touch. Company address: Werdmühlepl. 4, 8001 Zürich, Switzerland.