HighFx Forex Broker

Note: HighFx's official website: https://www.highfx.com/ is currently inaccessible normally.HighFx Review SummaryFounded2013Registered Country/RegionBulgariaRegulationNo RegulationMarket InstrumentsForex pairs, CFDs, indices, commodities, stocks, and cryptocurrenciesDemo Account❌LeverageUp to 1:400EUR/USD SpreadFrom 1.4 pips (Standard account)Trading PlatformWeb-based, MetaTrader4Min Deposit$250Customer SupportPhone: +852 +442031500227, +442031500227, +33176729693Email: info@highfx.comSocial media HighFx is an unregulated brokerage company based in Bulgaria. It claims to offer forex pairs, CFDs, indices, commodities, stocks, and cryptocurrencies trading via a web-based platform and the industry-leading MetaTrader4.Pros and ConsPros Cons MT4 platformNon-functional websiteA wide range of productsNo regulationDiverse account typesNo demo accountsHigh minimum depositIs HighFx Legit? At present, HighFx lacks valid regulation. Its domain was registered on June 27, 2013, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.What Can I Trade on HighFx? HighFX offers more than 300 tradeable instruments to its clients. Among these are numerous forex pairs and a variety of CFDs on indices, commodities, stocks, and cryptocurrencies.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Indices✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌Account Type HighFx provides four types of accounts: Standard, Gold, Platinum, and Diamond. Moreover, it also offers Islamic swap-free accounts.Account TypeMin DepositStandard $250Gold Not specifiedPlatinum Not specifiedDiamond Not specifiedLeverage The maximum leverage is 1:400 for all account types. However, please note that high leverage can amplify both profits and losses.Spreads & Commission This broker asserts that it provides tight spreads and commission-free trading. Specifically, HighFX claims that holders of Standard accounts can trade with spreads averaging 1.4 pips on EUR/USD.Account TypeAverage SpreadStandard 1.4 pipsGold 1.1 pipsPlatinum 0.8 pipsDiamond 0.5 pipsTrading Platform HighFx offers a web-based platform and MetaTrader4 for clients. However, it seems that HighFX does not offer downloadable desktop MT4, but only mobile apps for iOS and Android.Trading PlatformSupported Available Devices Suitable for Web-based✔Web/MT4✔iOS, AndroidBeginnersMT5❌/Experienced tradersDeposit and Withdrawal HighFX provides some bonuses, but note that these bonus funds are non-deposited funds and also include any profits obtained due to or derived from them. These funds are not regarded as the client's money and are not available for immediate withdrawal. Moreover, clients of HighFX can make a withdrawal free of charge once a month. Any additional withdrawals are subject to a withdrawal fee of 30 USD, EUR, or GBP depending on the trading currency.