HighFx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-15 18:29

Abstract：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.

　　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 and Cons

Pros	Cons
MT4 platform	Non-functional website
A wide range of products	No regulation
Diverse account types	No demo accounts
	High minimum deposit

Is HighFx Legit?

　　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.

What Can I Trade on HighFx?

　　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	❌

Account Type

　　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

Leverage

　　The maximum leverage is 1:400 for all account types. However, please note that high leverage can amplify both profits and losses.

Spreads & Commission

　　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

Trading Platform

　　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

Deposit and Withdrawal

　　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.