English

Horizon foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://english.honsec.com.tw/Content.Files/English.Files/Mainframe/index.aspx, about the company's legal and temporary regulatory information, the company's address 3-5 and 7 Fl., No. 236, Sec. 4, Hsin-I Rd.Taipei, Taiwan 106, R.O.C.

Horizon Forex Broker

Basic Information

Registered Region

United States

Operating Period

Company Name

Horizon Securities Corp

Abbreviation

Horizon

Company employee

Contact Number

+8860227008899

Company Website

https://english.honsec.com.tw/Content.Files/English.Files/Mainframe/index.aspx

Company address

3-5 and 7 Fl., No. 236, Sec. 4, Hsin-I Rd.Taipei, Taiwan 106, R.O.C

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Horizon Review Summary in 5 Points Founded 1961 Registered Country/Region Taiwan Regulation Unregulated Products & Services Stock brokerage, proprietary trading, underwriting and future trading Customer Support Address, Phone, Contact us form What is Horizon？ Horizon, with full name Horizon Securities Corp, is a securities broker in Taiwan and provides a wide range of services to its traders. These include stock brokerage, proprietary trading, underwriting and future trading. However, it is important to note that the company currently operates with an unregulated status. In the following article, we plan to review and evaluate the characteristics of this financial organization from multiple angles, presenting data in a precise and organized manner. If this information appeals to you, we invite you to keep reading. At the end of the article, we will offer a brief recap encapsulating the standout qualities of the bank, enabling you to grasp its salient features quickly. Pros & Cons Pros Cons • Wide range of financial services • Unregulated • Many years industry experience Pros: Wide Range of Financial Services: Horizon offers a broad array of services that cater to various financial needs. From stock brokerage, proprietary trading, underwriting to future trading, the company has a comprehensive suite of offerings. Many Years Industry Experience: Having operated since 1961, the company has invaluable industry experience. This often translates to proficiency in managing various types of financial transactions and situations, which can benefit their clients. Cons: Unregulated: The company currently operates without valid regulations, which poses significant risks to its operations and its customers. This implies that the company may be operating beyond the scope permitted by its licensing authority, questioning its legality and compliance. Is Horizon Safe or Scam？ When considering the safety of a security broker like Horizon or any other platform, it's important to conduct thorough research and consider various factors. Regulatory sight: Presently, Horizon is functioning without compliance to any valid regulations, raising substantial concerns about its operations, legality, and the level of safety it provides for its clients investments. User feedback: To get a deeper understanding of Horizon, it is suggested for you to explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms. Security measures: So far we have not found any info regarding security measures taken by Horizon on its website, you should seek clarification from the company before engaging in actual trading. In the end, the choice to engage in trade with Horizon is a deeply personal one. It's crucial to carefully balance the potential risks and advantages before coming to a decision. Products & Services With a legacy dating back to 1961, Horizon Securities has grown from its roots as Da Shin Securities, one of Taiwan's first securities brokers, into a multifaceted financial powerhouse. Today, they cater to a wide range of client needs through a comprehensive suite of services. Stock Brokerage: Horizon acts as a trusted intermediary, allowing clients to buy and sell stocks on major exchanges. They provide guidance and facilitate transactions, ensuring clients can participate in the stock market. Proprietary Trading: Horizon leverages its market expertise by engaging in proprietary trading. This means they trade securities using their own capital to generate profits from short-term market movements. This activity can also provide valuable insights that benefit their overall client service strategy. Underwriting: Horizon act as an intermediary between companies seeking to issue new securities (like stocks or bonds) and investors looking to purchase them. Horizon shoulders the responsibility of ensuring a successful offering by evaluating the company's financials, marketing the securities, and managing the overall issuance process. Futures Trading: Looking beyond stocks, Horizon offers access to futures markets. These markets allow speculation on the future price of commodities like oil or gold, or financial instruments like currencies. Customer Service Clients can reach Horizon support team through Email, physical address and a contact us form on their websitefrom Monday to Friday 8:00 a.m. to 5:00 p.m. Taipei Time. Address: 3-5 and 7 Fl., No. 236, Sec. 4, Hsin-I Rd.Taipei, Taiwan 106, R.O.C TEL：02-2700-8899, Conclusion Horizon is a securities broker based in Taiwan that offers a wide spectrum of services in the financial domain. These services include stock brokerage, proprietary trading, underwriting and future trading. However, Horizon's operations currently abide by no official regulations, which raises concerns about its legitimacy and operational safety, as regulated firms are generally obliged to follow industry norms. We thus strongly encourage you to directly engage with Horizon to garner the most up-to-date and valid information before finalizing investment decisions. Also, it's of paramount importance for you to understand the potential risks and rewards associated with Horizon's financial offerings to make the most informed decisions. Frequently Asked Questions (FAQs) Q 1: Is Horizon regulated？ A 1: Yes. It has been verified that this company is currently under no valid regulation. Q 2: What kind of financial services does Horizon offer？ A 2: Horizon is a Taiwan-based financial company offers financial services including stock brokerage, proprietary trading, underwriting and future trading to traders. Q 3: Is Horizon a good bank for beginners？ A3: No. It is not a good choice for beginners because its not regulated properly by any recognized regulatory bodies. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Horizon broker review

Is Horizon safe or scam

Rating Index

Pros

Offers access to various financial instruments, including forex, CFDs, commodities, and indices.

Provides a user-friendly trading platform, which may appeal to both new and experienced traders.

Responsive customer support with a dedicated account manager for clients.

Cons

Not properly regulated, raising concerns about the safety of client funds and overall legitimacy.

Numerous negative reviews and complaints about withdrawal issues and unprofessional customer service.

Lacks well-known trading platforms like MetaTrader 4 or 5, which may limit trading functionalities for some users.

How to login to Horizon?

horizon Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a horizon Account Creating a horizon account is the first step to accessing a variety of services offered by the platform. Below are the detailed steps to success

Horizon Forex Broker - Comprehensive Information Guide

1. Broker Overview

Horizon Broker, established in 2007, is a trading platform based in Egypt, specifically located at 18 Abbas Al Akkad Street. The firm operates as an unregulated private entity, which raises concerns regarding its legitimacy and operational standards. Horizon Broker primarily serves a global clientele, offering trading services to retail and institutional clients alike.

Since its inception, Horizon Broker has aimed to provide a diverse range of financial instruments, including forex and CFDs. However, the lack of proper regulation has hindered its reputation within the forex and CFD industry. The firm has not achieved significant milestones or recognitions that could enhance its credibility. As a result, many financial experts advise caution when considering this broker for trading activities.

The business model of Horizon Broker revolves around providing trading services in forex, CFDs, commodities, and indices. Despite its offerings, the absence of regulatory oversight means that clients may face significant risks when trading with this broker.

2. Regulatory and Compliance Information

Horizon Broker operates without proper regulation, which is a significant red flag for potential investors. The broker has not registered with any recognized financial authority, which means it lacks the necessary oversight to ensure client protection.

This unregulated status implies that:

No regulatory numbers are associated with Horizon Broker.
There are no valid licenses to operate, and thus no defined scope of operations or timeframes for regulatory compliance.
The broker does not have any established client fund segregation policies, which is critical for protecting investor capital.
Horizon Broker does not participate in any investor compensation schemes, leaving clients without recourse in the event of financial disputes or insolvency.

The firm claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations; however, the lack of independent verification raises concerns about the effectiveness of these measures. Given these factors, potential clients should exercise extreme caution when dealing with Horizon Broker.

3. Trading Products and Services

Horizon Broker offers a variety of trading products, including:

Forex Currency Pairs: The broker provides access to a selection of currency pairs, though the exact number is unspecified.
CFD Products: These include indices, commodities, stocks, and cryptocurrencies, allowing traders to diversify their portfolios.
Unique Trading Instruments: While specific unique products are not detailed, the broker claims to offer innovative trading solutions.
Retail Trading Services: Horizon Broker primarily focuses on retail clients, providing them with access to various financial markets.
Institutional Client Services: Although not extensively detailed, the broker does cater to institutional clients, offering tailored services.

The frequency of product updates and the introduction of new trading instruments remain unclear, which may impact traders looking for fresh opportunities.

4. Trading Platforms and Technology

Horizon Broker does not support the widely-used MetaTrader 4 or 5 platforms, which may deter many traders accustomed to these tools. Instead, the broker relies on its proprietary trading platform, which lacks detailed information regarding its features and functionalities.

Key aspects of the trading technology include:

Web-Based Platform: The broker offers a web-based trading solution, but specifics about its capabilities are limited.
Mobile Applications: There is no clear information on whether Horizon Broker provides mobile trading applications for iOS or Android.
Execution Model: The broker's execution model is not explicitly defined, which leaves potential clients uncertain about the trading conditions.
Server Locations: The technical infrastructure details, including server locations and performance metrics, are not disclosed.
API Access: Information regarding API integration and support for automated trading is also lacking.

This lack of transparency regarding the trading platform may raise concerns for traders looking for reliable and efficient trading environments.

5. Account Types and Trading Conditions

Horizon Broker offers various account types, although specific details are sparse:

Standard Account Conditions: The minimum deposit requirement and spread details are not provided.
Advanced Account Types: The existence of VIP or professional accounts is mentioned, but specifics are not available.
Special Accounts: Information regarding Islamic accounts or corporate accounts is not provided.
Demo Account Policy: The availability of a demo account for practice trading is not mentioned.
Leverage Ratios: The broker offers leverage up to 1:500, which is considered high and may pose significant risks.
Minimum Trade Sizes: The minimum trade size is unspecified.
Overnight Fees: Details about swap rates or overnight fees are not available.

The lack of clarity in account types and trading conditions may hinder potential clients from making informed decisions.

6. Fund Management

Horizon Broker supports various funding methods, although specifics are limited:

Deposit Methods: Accepted methods include bank transfers, credit cards, and electronic wallets, but precise options are not detailed.
Minimum Deposit Requirements: The minimum deposit for different account types is unspecified.
Deposit Processing Times: Information regarding how quickly deposits are processed is not provided.
Deposit Fees: The broker does not specify any fees associated with deposits.
Withdrawal Methods and Restrictions: The available withdrawal methods and any associated restrictions remain unclear.
Withdrawal Processing Times: Details on how long withdrawals take to process are not mentioned.
Withdrawal Fee Structure: The broker does not disclose any fees related to withdrawals.

The ambiguity surrounding fund management practices raises concerns about the broker's operational transparency.

7. Customer Support and Educational Resources

Horizon Broker provides customer support through various channels, although specifics are limited:

Support Channels: Options include phone, email, and possibly online chat, but the effectiveness of these channels is unverified.
Service Hours and Time Zone Coverage: The operating hours for customer support are not specified.
Multilingual Support: There is no indication of which languages are supported for customer service.
Educational Resources: The broker does not provide extensive educational materials such as webinars, tutorials, or e-books.
Market Analysis Services: There is no mention of daily market analysis, news updates, or research reports.
Trading Tools: The availability of trading tools like calculators, calendars, or signal services is not mentioned.

The lack of robust customer support and educational resources may limit traders' ability to make informed decisions.

8. Regional Coverage and Restrictions

Horizon Broker primarily serves clients in Egypt and potentially other regions, although specific markets are not detailed. The broker's operational reach may extend globally, but it is essential to verify local regulations.

Regional Offices: The broker's headquarters in Egypt is the only known office location.
Countries Not Accepted: There is no clear information about which countries or regions are restricted from opening accounts with Horizon Broker.
Special Restrictions: Any specific limitations or conditions for certain markets are not provided.

The lack of detailed regional coverage information may pose challenges for potential clients looking to understand their eligibility.

In conclusion, while Horizon Broker offers a range of trading services, the lack of regulation, transparency, and detailed information raises significant concerns. Potential clients are advised to conduct thorough research and consider the risks involved before engaging with this broker.

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