HERMES MARKET Forex Broker

Hermes Market Forex Broker - Complete Information Guide

1. Broker Overview

Hermes Market is a forex brokerage founded approximately 2 to 5 years ago, operating out of the United Kingdom. This broker is privately held and primarily serves retail traders interested in various financial instruments. Hermes Market has established itself in the online trading sector, providing access to a diverse range of trading products, including CFDs on forex, precious metals, stocks, and cryptocurrencies.

The company has developed a reputation for offering a broad selection of trading instruments, which allows traders to diversify their portfolios effectively. However, it is important to note that Hermes Market operates without any regulatory oversight, raising concerns about its transparency and security.

Despite these challenges, Hermes Market has introduced specialized account types, such as Islamic accounts (swap-free), rebate accounts, and scalper accounts, catering to different trading styles and preferences. The broker's business model focuses on retail forex trading, allowing individual traders to engage in the global financial markets.

As of now, the official website of Hermes Market, hermespty.net, is experiencing functionality issues, which may hinder potential clients from accessing essential information and services. This situation underscores the importance of thorough research before engaging with any trading platform, particularly one that lacks regulatory oversight.

The first mention of "Hermes Market broker" serves to highlight the broker's identity as a player in the forex trading landscape.

2. Regulatory and Compliance Information

Hermes Market operates without any valid regulatory licenses, which is a significant concern for potential investors. The absence of oversight from recognized financial authorities means that the broker's operations are not subject to any regulatory scrutiny, increasing the potential risks associated with trading on this platform.

• Regulatory Bodies: Hermes Market does not have any affiliations with major regulatory agencies, which include organizations like the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the United States.
• Regulatory License Numbers: As Hermes Market is unregulated, there are no license numbers to report.
• License Validity and Scope: Since the broker lacks regulatory licenses, it does not have any defined scope for operations that is governed by regulatory authorities.
• Legal Entities: Hermes Market is registered in the United Kingdom, but it does not disclose any additional legal entities operating under its brand.
• Client Fund Segregation Policy: The broker does not provide clear information regarding the segregation of client funds, which is a standard practice among regulated brokers to protect client assets.
• Investor Compensation Fund Participation: Hermes Market does not participate in any investor compensation schemes, which typically offer protection to clients in the event of broker insolvency.
• KYC and AML Compliance Measures: The broker has not disclosed its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are critical for ensuring the legitimacy of client accounts.

The second mention of "Hermes Market broker" emphasizes the need for traders to be cautious due to the lack of regulatory protections.

3. Trading Products and Services

Hermes Market offers a wide variety of trading products, catering to different asset classes and trading strategies. This includes:

• Forex Currency Pairs: The broker provides access to over 700 trading instruments, including a range of forex currency pairs. Major pairs such as EUR/USD, GBP/USD, and USD/JPY are available for trading.

• CFD Product Categories: Hermes Market allows trading in CFDs across several categories:

• Indices: Traders can speculate on major stock market indices.

• Commodities: The broker offers CFDs on precious metals like gold and silver, as well as other commodities.

• Stocks: CFDs on shares from prominent companies such as Apple, Google, and Amazon are also available.

• Cryptocurrencies: Hermes Market provides trading options for popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

• Unique Trading Products: The broker does not specifically mention any unique or proprietary trading products that set it apart from competitors.

• Product Update Frequency: There is no detailed information on how frequently Hermes Market updates its product offerings or adds new instruments.

• Retail Trading Services: Hermes Market primarily focuses on retail trading, providing individual traders with the tools and resources needed to participate in the financial markets.

• Institutional Client Services: Information regarding services tailored for institutional clients is not provided.

• White Label Solutions: There is no mention of white label solutions offered by Hermes Market.

• Asset Management Services: The broker does not advertise any asset management services.

The third mention of "Hermes Market broker" highlights the broker's diverse product offerings, which can appeal to various trading strategies.

4. Trading Platform and Technology

Hermes Market provides access to the widely recognized MetaTrader 4 (MT4) trading platform, which is favored by many traders for its user-friendly interface and robust features.

• MetaTrader 4 Support: The broker exclusively supports MT4, allowing traders to benefit from advanced trading tools, real-time charting, and technical analysis capabilities.
• Proprietary Platform Details: There is no indication that Hermes Market has developed its own proprietary trading platform.
• Web-Based Trading Platform: Information regarding a web-based trading platform is not provided.
• Mobile Application Support: The broker supports mobile trading through the MT4 application, which is available for both iOS and Android devices.
• Execution Modes: Hermes Market does not specify its execution model, such as whether it operates on an ECN, STP, or Market Making basis.
• Server Locations and Technical Infrastructure: The broker has not disclosed information regarding its server locations or the technical infrastructure supporting its trading operations.
• API Access and Automated Trading Support: There is no mention of API access or support for automated trading through Expert Advisors (EAs).

The fourth mention of "Hermes Market broker" serves to inform readers about the trading technology available for users.

5. Account Types and Trading Conditions

Hermes Market offers several account types designed to meet the needs of different traders. However, specific details about the trading conditions are limited.

• Standard Account Conditions: The broker has not disclosed information regarding minimum deposits, spreads, or commissions for its standard accounts.

• Advanced Account Types: Hermes Market offers specialized accounts, including:

• Islamic Account (Swap-Free): Designed for Muslim traders, this account type adheres to Islamic finance principles.

• Rebate Account: This account allows traders to receive rebates on their trades, helping to reduce overall trading costs.

• Scalper Account: Tailored for high-frequency traders, this account type typically features lower spreads and faster execution speeds.

• Demo Account Policy: Hermes Market provides demo accounts for traders who wish to practice trading without risking real funds.

• Leverage Ratios: The broker does not specify the leverage ratios available for different products.

• Minimum Trade Sizes: Information regarding minimum trade sizes is not available.

• Overnight Fees Policy: The broker does not provide details about overnight fees or swap rates.

The fifth mention of "Hermes Market broker" highlights the account types available for traders.

6. Fund Management

Hermes Market claims to support a variety of deposit and withdrawal methods, although specific details are limited.

• Supported Deposit Methods: The broker accepts deposits through over 70 different payment methods, including traditional bank transfers, credit cards, and electronic wallets.
• Minimum Deposit Requirements: Information regarding minimum deposit requirements for different account types is not provided.
• Deposit Processing Times: The broker has not specified the processing times for deposits.
• Deposit Fees: There is no information available regarding any fees associated with deposits.
• Withdrawal Methods and Restrictions: Details about withdrawal methods and any associated restrictions are not provided.
• Withdrawal Processing Times: The broker does not disclose the processing times for withdrawals.
• Withdrawal Fee Structure: Information regarding withdrawal fees is not available.

7. Customer Support and Educational Resources

Hermes Market offers several channels for customer support, although specific details are limited.

• Support Channels: Customers can reach the support team via telephone and email:
• Telephone: +44 752 063 86 79
• Email: contact@hermespty.com
• Service Hours and Time Zone Coverage: The broker does not specify its service hours or time zone coverage.
• Multilingual Support: Information regarding the languages supported by customer service is not provided.
• Educational Resource Types: Hermes Market does not provide clear information on the educational resources available, such as webinars, tutorials, or e-books.
• Market Analysis Services: Details about market analysis services, including daily analysis, news updates, or research reports, are not available.
• Trading Tools: The broker does not specify any trading tools offered, such as calculators, calendars, or signal services.

8. Regional Coverage and Restrictions

Hermes Market primarily serves clients in the United Kingdom and potentially other regions, although specific details are limited.

• Main Service Markets: The broker's primary service market is the United Kingdom, but additional regions are not clearly defined.
• Regional Office Distribution: There is no information available regarding regional offices or their locations.
• Countries/Regions Not Accepted: Hermes Market does not disclose any specific countries or regions from which it does not accept clients.
• Special Restrictions: The broker does not provide information on any special restrictions that may apply to certain clients or regions.

In conclusion, while Hermes Market offers a variety of trading instruments and specialized account types, potential clients should be cautious due to the broker's unregulated status and the inaccessibility of its official website. It is crucial for traders to consider these factors before deciding to engage with Hermes Market.