HibiMarkets-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Founded in 2015, HibiMarkets is a Forex and CFD online broker providing trading services, education and market insights to both novice and seasoned traders. HIBI Markets Limited with Company No. 175,728, is incorporated and registered with the Registar of Companies, under the International Business Companies Act Chapter 270 of the Laws of Belize, Revised Edition 2011. HibiMarkets is not subject to any regulation. Please be aware of the risk.

Markets Instruments

Trading with HIBI Markets rovides you with access to more than 350 instruments, including Currency pairs, Commodities, Precious Metals, Indices, Stocks and Shares, Cryptocurrency.

Minimum Deposit

HIBI Markets offers three trading accounts in total: Standard, Premium, HiVIP. The minimum initial deposit for each account absurdly high, with $1000 required by the Standard account, $5,000 for the Premium account and $20,000 for the HiVIP account. keep in mind that most legit broker only requires a minimum initial deposit around $100 or even less to start real trading.

Leverage

Trading leverage offered by HIBI Markets is 500:1, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

HIBI Markets does not charge any commissions on trading and instead makes its profit via spreads. The typical spreads in the Standard accounts start from 2.0 pips, from 1.2 pips in the Premium account and from 1.2 pips for the HiVIP account.

Trading Platform Available

HIBI Markets give its traders access to a WebTrader, MetaTrader 4, and a mobile application. This way, you can easily trade on the go or from the device of your choice. The WebTrader is also powered by MetaTrader, as is the mobile platform. As such, they all provide similar functionality and features, but with slight differences on various devices.

Deposit& Withdrawal

HIBI Markets offers a reasonable number of payment methods, including Visa, MasterCard, Wire Transfer, Skrill and Neteller.

Customer Support

You can contact HIBI Marketss customer support via live chat, phone, or email, as well as through their social media pages. The broker does not offer 24/5 or 24/7 help.