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Pros

Legally operating in Australia
MT4 available with competitive spreads
High leverage options up to 1:500

Cons

No demo accounts available for practice
Lack of transparency regarding regulation
Negative reviews and warnings from financial authorities

HXFX broker Accounts

HXFX Global Account Type

HXFX Global offers three types of trading accounts to cater to different levels of traders: Mini Account, Standard Account, and Senior Account.

  • Mini Account
    • Minimum Deposit: $20
    • Minimum Floating Spread: 1.5 pips
    • Order Quantity: 0.01 - 50 lots
    • Leverage: Up to 1:500
    • Suitable For: Beginners starting to trade in forex, precious metals, and other markets.
    • Standard Account
      • Minimum Deposit: $200
      • Minimum Floating Spread: 1.3 pips
      • Order Quantity: 0.01 - 50 lots
      • Leverage: Up to 1:500
      • Transaction Cost Reduction: 30%
      • Suitable For: Experienced traders aiming to maximize their trading potential.
      • Senior Account
        • Minimum Deposit: $2000
        • Minimum Floating Spread: 1.1 pips
        • Order Quantity: 0.01 - 100 lots
        • Leverage: Up to 1:500
        • Transaction Cost Reduction: 40%
        • Lifetime Validity: Trading privileges for life.
        • Suitable For: Highly experienced traders looking for advanced trading features.

        HXFX Global Broker Account Opening Process

        To open an account with HXFX Global, follow these steps:

        • Registration:
          • Visit the HXFX Global website and register as a user.
          • Activation:
            • For the Mini Account, a minimum deposit of $20 is required to activate the account.
            • For the Standard Account, a minimum deposit of $200 is needed.
            • For the Senior Account, a minimum deposit of $2000 is necessary.
            • Trading:
              • After the deposit is successful, you can start trading immediately.
              • Ensure you understand the risks involved in margin trading.
              • Account Upgrades:
                • Mini to Standard: Accumulate transactions of 1 lot or deposit $200.
                • Standard to Senior: Cumulative transactions ≥ 100 lots or an accumulated deposit of $2000.

                For more information, visit the official HXFX Global website: HXFX Global

HXFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
HXFX Account