HT-FX Group MT Forex Broker

Note: HT-FX Group MT's official site - https://www.smccw.com/ is currently is currently inaccessible normally.HT-FX Group MT Review SummaryFounded2022Registered Country/RegionChinaRegulationNo regulationMarket InstrumentsForex, Precious Metals, Crude Oil, Indices, CryptocurrencyDemo Account/SpreadFrom 1 pipLeverage1:100 - 1:500Minimum Deposit/Trading PlatformOBV Trade MT5Customer SupportTel: +447354484858Email: support@obvforex.comLine: @d8_qIdtRsw; Telegram: @ElementCS00HT-FX Group MT Information HT-FX Group MT is a Chinese-based brokerage firm established in 2022 and offers trading services in major and minor forex currency pairs, precious metals, crude oil, indices, and cryptocurrencies. The broker uses OBV Trade MT5 to execute trades and offers economic calendar as a tading tool to help traders plan their trading strategies. Though claimed to offer 3 tiered live accounts, account details and trading conditions of the broker is actually not publicly disclosed. In addition, it is worth noting that the broker operates without any valid regulations so far, imparing its credibility and legitimacy. The inaccessible website further confuses the public about its current operational status. What makes matters worse, there are 5 exposures on WikiFX regarding withdrawal issues, indicating that the broker might be a scam that freeze clients' accounts.Is HT-FX Group MT Legit? The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.Downsides of HT-FX Group MT Unavailable website: HT-FX Group MT's website cannot be opened currently. Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them. Lack of transparency: The broker does not reveal info on trading conditions such as account details, initial deposits, leverage, commission, etc. 5 exposures about withdrawal issues on WikiFX: 5 reports about withdrawal difficulties on WikiFX indicate that the broker might freeze investors' funds.What Can I Trade on HT-FX Group MT? HT-FX Group MT provides access to a diverse array of financial instruments such as Forex, Indices, Commodities and Cryptos. Forex (Foreign Exchange): Forex is the global marketplace for trading national currencies against one another, making it the largest financial market in the world. Popular pairs are EURUSD, CADUSD, GBPUSD, etc. Indices: Traders have the option to trade indices such as the Hong Kong Hang Seng Index (HK50), German Index (GER30), and S&P 500 Index (US500), allowing them to gain exposure to the performance of specific markets or sectors. Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, including physical assets like precious metals, as well as energy products like crude oil. Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. Popular coins like Bitcoin, Ether and Ripple are available at HT-FX Group MT. Always follow the rule of investment and scatter risks by putting money in different products instead of only one that you are optimistic about.Tradable InstrumentsSupportedForex✔Commodities✔Indices✔Cryptocurrencies✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type/Spread With HT-FX Group MT, clients can choose from three different account types, namely Comprehensive, Finance, and Financial STP. Spread floats from 1pip, but other account details and trading conditions such as minimum deposit requirement and commissions are not disclosed.Leverage HT-FX Group MT offers leverage options ranging from 1:100 to 1:500 for its trading accounts. Leverage is a fundamental aspect of forex and CFD trading that allows traders to control larger positions in the market with a smaller amount of capital. However, it amplifies losses at the same time with gains. Thus, you should always use leverage prudently and ensure related risks are within your tolerance.Trading Platform HT-FX Group MT offers its clients the OBV Trade MT5, an all-in-one CFD trading platform that provides a comprehensive trading experience. The platform is built on MetaTrader 5 (MT5), a powerful and popular trading software known for its advanced features and capabilities. With OBV Trade MT5, traders have access to an exceeding 100 options of tradable assets. And the platform allows trading around the clock, enabling clients to seize opportunities in different markets and time zones, 24 hours a day, 7 days a week.