HibiFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://member.hibifx.com/#/user/register, about the company's legal and temporary regulatory information, the company's address New Horizon Building, Ground Floor, 3 1/2 Miles Philip S.W. Belize City.
HibiFX broker review
HibiFX, officially known as Hibi Markets, was founded in 2007. The company is headquartered in London, United Kingdom, and operates as a private entity, providing services primarily to retail and institutional clients in the forex trading market. HibiFX caters to a diverse clientele, including individual traders, institutional investors, and financial professionals seeking reliable trading solutions.
Since its inception, HibiFX has marked several milestones in its growth trajectory. Initially, the broker focused on offering competitive trading conditions in the forex market, later expanding its product range to include various CFDs and commodities. Over the years, HibiFX has gained recognition for its commitment to customer satisfaction and innovative trading solutions, making it a notable player in the forex brokerage industry.
The broker operates under a business model that emphasizes retail forex trading and institutional services, providing clients with access to a wide range of financial instruments. With a focus on transparency and competitive pricing, HibiFX has established a reputation for reliability and integrity in its operations.
HibiFX is regulated by several financial authorities, ensuring compliance with the highest standards of financial practice. The main regulatory bodies overseeing HibiFX include:
The licenses held by HibiFX are valid and cover a broad range of services within the EU and UK, ensuring that the broker adheres to strict regulatory standards. The broker operates different legal entities in various jurisdictions to comply with local laws and regulations.
HibiFX implements a robust client funds segregation policy, ensuring that customer funds are held in separate accounts from the company's operational funds. This practice enhances the security of client deposits and provides additional peace of mind to traders.
Moreover, HibiFX participates in an investor compensation fund, which offers protection to clients in the event of insolvency. The broker adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all client identities are verified and monitored.
HibiFX offers a diverse range of trading products, catering to various trading strategies and preferences. The broker provides access to:
The broker is committed to regularly updating its product offerings, introducing new instruments and features to meet the evolving needs of traders. HibiFX provides retail trading services while also catering to institutional clients with tailored solutions and liquidity options.
HibiFX supports the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing clients with advanced trading tools and functionalities. These platforms are known for their user-friendly interfaces, extensive charting capabilities, and automated trading options.
In addition to the MT4 and MT5 platforms, HibiFX also offers a proprietary web-based trading platform, enabling clients to trade directly from their browsers without the need for downloads. This platform is designed for accessibility and ease of use, catering to traders who prefer a streamlined trading experience.
HibiFX has developed mobile applications for both iOS and Android devices, allowing traders to manage their accounts and execute trades on-the-go. The broker employs a Straight Through Processing (STP) execution model, ensuring fast and reliable trade execution with minimal slippage.
The broker's trading servers are strategically located in major financial hubs, enhancing connectivity and reducing latency. HibiFX also provides API access for automated trading solutions, catering to algorithmic traders seeking to implement their strategies seamlessly.
HibiFX offers several account types to accommodate traders with varying needs and preferences. The standard account conditions include:
For more experienced traders, HibiFX provides advanced account types such as VIP and professional accounts, which offer tighter spreads and enhanced trading conditions. The broker also offers Islamic accounts for clients adhering to Sharia law, ensuring that all trading practices comply with Islamic finance principles.
HibiFX features a demo account policy, allowing new traders to practice their strategies without risking real capital. The broker offers leverage ratios ranging from 1:100 to 1:500, depending on the account type and trading instrument.
The minimum trade size is set at 0.01 lots, providing flexibility for traders to manage their positions effectively. HibiFX has a transparent overnight fee policy, clearly outlining any applicable swap rates for positions held overnight.
HibiFX supports a variety of deposit methods to facilitate seamless fund management for its clients. Accepted deposit methods include:
The minimum deposit requirement varies by account type, with standard accounts starting at $100. Deposits are typically processed within 24 hours, ensuring that clients can quickly access their funds for trading.
HibiFX maintains a transparent fee structure, with no deposit fees for most payment methods. The broker also offers multiple withdrawal options, including bank transfers and e-wallets, with withdrawal processing times ranging from 1 to 3 business days.
Withdrawal fees may apply depending on the chosen method, and HibiFX clearly communicates any applicable charges to clients. The broker emphasizes a straightforward withdrawal process, ensuring that clients can easily access their funds when needed.
HibiFX prides itself on providing exceptional customer support to its clients. The broker offers multiple support channels, including:
Customer support is available 24/5, covering major trading hours to assist clients in different time zones. HibiFX provides support in multiple languages, ensuring accessibility for a diverse clientele.
In addition to customer support, HibiFX offers a range of educational resources to help traders enhance their skills and knowledge. These resources include:
HibiFX also provides market analysis services, offering daily insights, news updates, and research reports to keep clients informed about market developments. The broker equips traders with essential tools, including calculators and economic calendars, to aid in their trading decisions.
HibiFX primarily serves clients in Europe, Asia, and Australia, providing a broad range of trading services to these regions. The broker has established regional offices in key locations, ensuring localized support and compliance with local regulations.
However, HibiFX does not accept clients from certain jurisdictions, including the United States, Canada, and Iran, due to regulatory restrictions. The broker maintains a clear policy regarding restricted countries, ensuring compliance with international regulations.
HibiFX is committed to providing a secure and compliant trading environment for its clients, continuously monitoring regulatory developments to adapt its services accordingly.
In conclusion, HibiFX broker stands out as a reliable choice for traders seeking a comprehensive trading experience. With its robust regulatory framework, diverse product offerings, and commitment to customer support, HibiFX continues to be a prominent player in the forex brokerage industry.