XHK Forex Broker

XHK Forex Broker - Complete Information Guide

1. Broker Overview

　　XHK Ltd. is a licensed investment firm established in 2019 and headquartered in Hong Kong at Unit A, 6/F CNT Tower, 338 Hennessy Road, Wan Chai. The company operates as a private entity and is regulated by the Hong Kong Securities and Futures Commission (SFC). XHK primarily serves a diverse clientele, including wealth managers, banks, and private investors, providing them access to a broad range of financial instruments through its trading platform.

　　Since its inception, XHK has made significant strides in the financial services industry. One of its major milestones was the launch of the Exante trading platform, which offers clients direct market access to over 50 global markets and more than 1,000,000 financial instruments. The business model focuses on providing retail forex trading, institutional services, and wealth management solutions, making it a versatile choice for various trading needs. As part of the Exante brand, which is owned by XNT Ltd., XHK has established itself as a trusted broker in the competitive financial landscape.

2. Regulatory and Compliance Information

　　XHK operates under strict regulatory oversight, primarily governed by the Hong Kong Securities and Futures Commission (SFC). The regulatory license number is BNN 565, which is valid as of January 29, 2019. This license allows XHK to engage in various investment activities, ensuring compliance with local laws and regulations.

　　In addition to SFC regulation, XHK adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that client funds are safeguarded and that there is no misuse of personal data. The company employs a robust client funds segregation policy, which ensures that clients' assets are kept separate from the company's operational funds. This practice is crucial for protecting investors in case of financial difficulties faced by the broker.

　　XHK is also compliant with the Personal Data (Privacy) Ordinance (PDP), further emphasizing its commitment to safeguarding client information. The firm does not participate in any investor compensation fund, but it maintains high standards of operational integrity and transparency.

3. Trading Products and Services

　　XHK offers a comprehensive range of trading products, making it an attractive option for traders looking to diversify their portfolios. The broker provides access to over 40,000 stocks and ETFs, a wide variety of bonds, and thousands of options on stocks, futures, and interest rates. The firm also facilitates trading in futures contracts, with over 500 types available across global exchanges such as Eurex, HKEX, and LSE.

　　For forex traders, XHK supports a wide array of currency pairs, allowing clients to engage in both major and minor currency trading. Additionally, the broker offers Contracts for Difference (CFDs) on various asset classes, including indices and commodities. However, it is important to note that XHK does not currently offer cryptocurrency trading.

　　The platform frequently updates its product offerings, ensuring that clients have access to the latest financial instruments. Retail trading services are complemented by institutional client services, which cater to wealth management firms and banks seeking tailored trading solutions.

4. Trading Platform and Technology

　　XHK utilizes the Exante trading platform, which is a proprietary system designed to meet the needs of both retail and institutional traders. Unfortunately, the platform does not support MetaTrader 4 or MetaTrader 5, which may be a consideration for traders accustomed to these popular platforms.

　　The Exante platform is accessible via web, desktop, and mobile applications, providing clients with flexibility in managing their trades. The web platform is user-friendly and allows for fast trades without the need for software installation. For mobile users, the Exante app is available on both iOS and Android, offering essential trading tools and real-time market data.

　　XHK employs a high-performance technology infrastructure, utilizing a network of over 1,100 servers globally to ensure low latency and secure data transfers. The platform supports various execution models, including ECN and STP, allowing for competitive pricing and fast execution times. Furthermore, API access is available for clients interested in automated trading solutions.

5. Account Types and Trading Conditions

　　XHK offers several account types to cater to different trading needs. The minimum deposit required to open an individual account is €10,000, while corporate accounts require a minimum deposit of €50,000. The broker's trading conditions include competitive spreads, starting as low as 0.02 USD for stocks and ETFs, and €1.5 for futures.

　　For traders seeking advanced features, XHK provides options for VIP and professional accounts. Unfortunately, XHK does not offer Islamic accounts. The leverage ratios vary by product, with forex pairs typically allowing up to 1:20 leverage. The minimum trade size is also competitive, with clients able to manage their positions effectively.

　　XHK implements a transparent fee structure, with no hidden management fees or maintenance charges. However, a withdrawal fee of €30 applies, regardless of the withdrawal amount.

6. Fund Management

　　XHK supports various funding methods, primarily through bank transfers. This includes deposits in multiple currencies, such as EUR, USD, GBP, and HKD. The minimum deposit requirement is €10,000 for individual accounts and €50,000 for corporate accounts.

　　Deposits are processed within 1-5 business days, depending on the banking institution. Importantly, XHK does not charge any deposit fees, making it cost-effective for clients to fund their accounts.

　　When it comes to withdrawals, clients can expect a processing time of 3-5 business days. The same €30 withdrawal fee applies, which could be considered a drawback for some traders. Overall, the deposit and withdrawal processes are straightforward, ensuring clients can manage their funds efficiently.

7. Customer Support and Educational Resources

　　XHK prides itself on providing exceptional customer support. Clients can reach the support team via multiple channels, including phone, email, and online chat. The support team is available 24/7, catering to clients across different time zones. The broker supports several languages, enhancing accessibility for a global clientele.

　　In terms of educational resources, XHK offers a limited selection. While there are some market analysis services, including daily insights and research reports, the broker lacks comprehensive educational materials such as tutorials or e-books. However, clients can access useful trading tools, including calculators and economic calendars, to aid in their trading decisions.

8. Regional Coverage and Restrictions

　　XHK primarily serves clients in Hong Kong and has a presence in over 100 countries worldwide. The broker's services are designed to cater to both retail and institutional clients, ensuring a broad market reach.

　　However, XHK does not accept clients from certain countries due to regulatory restrictions. Specific countries where services are not offered include the United States and regions under strict financial regulations. This ensures compliance with local laws and regulations, protecting both the broker and its clients.

　　In summary, XHK broker stands out as a reliable investment firm with robust regulatory oversight, a comprehensive trading platform, and a diverse range of financial instruments. With a commitment to client safety and satisfaction, XHK continues to position itself as a trusted player in the global financial market.