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Score
Bulgaria
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Score
Regulatory Index0.00
Business Index7.22
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
SYSTEMS SUPPORT EU LTD.
Company Abbreviation
HighFx
Platform registered country and region
Bulgaria
Company website
X
Company summary
Pyramid scheme complaint
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Note: HighFx's official website: https://www.highfx.com/ is currently inaccessible normally.
HighFx Review Summary | |
Founded | 2013 |
Registered Country/Region | Bulgaria |
Regulation | No Regulation |
Market Instruments | Forex pairs, CFDs, indices, commodities, stocks, and cryptocurrencies |
Demo Account | ❌ |
Leverage | Up to 1:400 |
EUR/USD Spread | From 1.4 pips (Standard account) |
Trading Platform | Web-based, MetaTrader4 |
Min Deposit | $250 |
Customer Support | Phone: +852 +442031500227, +442031500227, +33176729693 |
Email: info@highfx.com | |
Social media |
HighFx is an unregulated brokerage company based in Bulgaria. It claims to offer forex pairs, CFDs, indices, commodities, stocks, and cryptocurrencies trading via a web-based platform and the industry-leading MetaTrader4.
Pros | Cons |
MT4 platform | Non-functional website |
A wide range of products | No regulation |
Diverse account types | No demo accounts |
High minimum deposit |
At present, HighFx lacks valid regulation. Its domain was registered on June 27, 2013, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
HighFX offers more than 300 tradeable instruments to its clients. Among these are numerous forex pairs and a variety of CFDs on indices, commodities, stocks, and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
CFDs | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptocurrencies | ✔ |
Stocks | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
HighFx provides four types of accounts: Standard, Gold, Platinum, and Diamond. Moreover, it also offers Islamic swap-free accounts.
Account Type | Min Deposit |
Standard | $250 |
Gold | Not specified |
Platinum | Not specified |
Diamond | Not specified |
The maximum leverage is 1:400 for all account types. However, please note that high leverage can amplify both profits and losses.
This broker asserts that it provides tight spreads and commission-free trading. Specifically, HighFX claims that holders of Standard accounts can trade with spreads averaging 1.4 pips on EUR/USD.
Account Type | Average Spread |
Standard | 1.4 pips |
Gold | 1.1 pips |
Platinum | 0.8 pips |
Diamond | 0.5 pips |
HighFx offers a web-based platform and MetaTrader4 for clients. However, it seems that HighFX does not offer downloadable desktop MT4, but only mobile apps for iOS and Android.
Trading Platform | Supported | Available Devices | Suitable for |
Web-based | ✔ | Web | / |
MT4 | ✔ | iOS, Android | Beginners |
MT5 | ❌ | / | Experienced traders |
HighFX provides some bonuses, but note that these bonus funds are non-deposited funds and also include any profits obtained due to or derived from them. These funds are not regarded as the client's money and are not available for immediate withdrawal.
Moreover, clients of HighFX can make a withdrawal free of charge once a month. Any additional withdrawals are subject to a withdrawal fee of 30 USD, EUR, or GBP depending on the trading currency.
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