HoB-Some Important Points about This Broker

General Information & Regulation

House of Borse is an online FX and CFD broker that is located in London, established in 2014. The broker is fully regulated by the Financial Conduct Authority (FCA), under regulation number 631382. House of Borse (HoB) is a financial services firm specializing in online Forex and CFD trading for professional and corporate clients in a diverse range of markets 24 hours a day. Through House of Borse, and the globally renowned Metatrader 4 platform.

Market Instrument

HoB offers more than 60 currency pairs (63 to be exact), CFDs on futures, and precious metals. Taking a look at the available currency pairs, we see an assortment of majors, minors, and 8 exotic pairs. CFDs include US 30, US 100, US 500, UK100, UK Gas, UK Oil, and US Oil. Equities – Company stocks including Google, Apple, Facebook, and Amazon. Also Indices – Global cash and futures indices including the UK100 and US30. It also offers Commodities – Including gold, silver, and energies Metal options include Gold, Silver, and Platinum. It also offers Cryptocurrencies and ETFs (Exchange Traded Fund) which is an investment fund traded on Stock Exchanges, much like Stocks

Account & Leverage

House Borse offers three different account levels; Silver, Gold, and Platinum, with the assigned level depending on the amount of traded volume. Each account level rewards traders with lower commission costs, with options being 12.5% lower on the Gold account and 25% lower on the Platinum account. In order to qualify for better status, one would need to trade up to 1 yard for the Gold status, or more than 1 yard for the Platinum status.

House of Borse offers several accounts depending on trading volumes:

Silver Trader – less than 100 million

Gold Trader – up to one yard

Platinum Trader – more than one yard

All accounts offer:

Hedging, ECN execution, Competitive spreads, Leverage up to 1:100, 0.01 minimum lot size, and Base currency in EUR/USD/GBP.

House of Borse requires a minimum deposit of $5,000 or equivalent currency. This is relatively high, especially for new traders

Trade Size

All accounts support the trading of micro-lots, with the exception of CFDs, where we see minimums of 1000 barrels of US and UK Oil, and so forth. The website does not give any information on maximum trade sizes. Hedging is allowed, but the broker does not mention whether scalping is supported. Margin call and stop-loss levels are not listed.

Spreads & Commissions

It terms of Spreads, It operates using a pure ECN pricing model with direct market execution. Spreads are offered as low as 0.0 pips for major currency pairs. This includes those from 0.4 pips on GBP/USD and 0.2 pips on EUR/USD. Real-time spreads can be viewed on the MT4 and MT5 platforms.

The commission varies by account type and is reduced with increased trading volumes. The Silver trader account commission is $7 or equivalent currency per $100,000 traded. The Platinum trader account commission is subject to the lowest fees at $5 per $100,000 traded. House of Borse also charges swap rates for positions held overnight.

Trading Platform Available

House of Borse offers the industry-recognised MetaTrader 4 and MetaTrader 5 platforms. Both are suitable for new and experienced traders and are available to download to desktop devices compatible with Windows and Mac, or via all major web browsers. Mobile applications are also available for traders looking to invest on the go. Installation links are provided on the brokers website.

Deposit & Withdrawal

To deposit, Clients must log in to the Member Area to complete deposits and withdrawals. Accepted payments include:

• Debit/credit cards – Processing time takes 24 to 48 hours

• Bank wire transfer – Processing time takes 1 to 5 working days

Although the broker does not charge a deposit fee, third-party card charges apply and vary by the provider.

Withdrawals

House of Borse does not charge a fee for withdrawals. Clients must complete an online withdrawal request form to receive their funds. Withdrawals must be processed back to the original deposit method. A two working day average processing time applies if requests are received before 11 am GMT

Customer Service

Customer support is available 24 hours a day, Monday through Friday. In order to get in touch with an agent, traders can use LiveChat, call a direct phone number, send a fax, email, or fill out a contact form directly on the website. Having so many contact methods is an attractive quality and it shouldnt be too difficult to get in touch with an agent, although we do wish support was available on weekends. Listed contact information has been detailed below.

Phone: +44 (0) 203-327-7001

Fax: +44 (0) 203-327-7010

Email: info@houseofborse.com

Address: Berkeley Square House, 2nd Floor, Berkeley Square, Mayfair, London W1J 6BD