HatFX-Overview of Minimum Deposit, Leverage, Spreads
abstrak：Registered in the United Kingdom, HatFX says it is a forex broker offering its clients various trading instruments, such as currency pairs, stocks, and more. An acceptable minimum deposit of $200 is required to start trading with this broker, and leverage offered by this broker is absurdly high amount, up to 1:2000. However, the company behind not disclosed and the lack of essential information make this broker quite suspicious.
Due to the temporary inaccessibility of HatFXs website (https://hatfx.com/), we could only piece together a rudimentary picture of it as a forex broker by obtaining pertinent information from other websites.
General Information
Registered in the United Kingdom, HatFX says it is a forex broker offering its clients various trading instruments, such as currency pairs, stocks, and more. An acceptable minimum deposit of $200 is required to start trading with this broker, and leverage offered by this broker is absurdly high amount, up to 1:2000.
However, the company behind not disclosed and the lack of essential information make this broker quite suspicious.
As far as we can tell, HatFX is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.18 out of 10 overall. Don't be oblivious to the potential danger.
Account Types
With the HatFX platform, five distinct trading accounts are available, namely Classic, Advanced, Pro, VIP and Investor accounts. These five accounts are actually categorized by minimum initial deposit amounts, with requirements from $200, $2,500, $5,000, $10,000, respectively.
However, the minimum initial deposit for the Investor account remains quite mysterious at this time.
Leverage
When it comes to trading leverage, HatFX offers an extremely high amount, up to 1:2000. Bear in mind that, the maximum leverage required by many regulatory authorities is capped at 1:30 for major forex pair in Europe and Australia, 1:50 in the US and Canada, to protect retail traders.
HatFXs insanely high leverage up to 1:2000 exactly indicates it is just illegal platform.
Customer Support
Worryingly, traders who have any inquiries get in touch with HatFX through email: support@hatfx.com. Consequently, you will not be able to get in touch with this broker quickly if there are issues with your trading procedure. What's more, if you have trouble making a withdrawal, any money you may have lost is gone for good.
Registered Company Address: One Canada Square, Canary Wharf, London, E14 5AB, United Kingdom
Risk Warning
There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.
Please keep in mind that the data presented in this article is meant to serve as a guideline only.
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