BROKERHAZ Review 1
My goodness, the BROKERHAZ website is all in Hungarian and I don't know anything about it! If you don't know the language just like I do, you can simply stop wasting your time here.
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My goodness, the BROKERHAZ website is all in Hungarian and I don't know anything about it! If you don't know the language just like I do, you can simply stop wasting your time here.
Summary: Brokerhaz has garnered a mixed reputation among traders, with an average rating of 4.16/10 according to various reviews. While it offers competitive features like cashback rebates, its language barrier and regulatory status raise concerns for international traders.
Note: Its crucial to recognize that Brokerhaz operates under different entities in various regions, which impacts its regulatory compliance and user experience. This review aims for fairness and accuracy by compiling insights from multiple sources.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 5 |
Customer Service and Support | 4 |
Trading Experience | 6 |
Trustworthiness | 5 |
User Experience | 4 |
Additional Category (Rebates) | 7 |
How We Rated the Broker: Ratings are derived from a combination of user reviews, expert opinions, and factual data regarding the broker's services.
Brokerhaz, officially known as Ebrókerház Zrt., was established in July 1999 and is based in Hungary. The brokerage offers a range of integrated financial services, including domestic and international securities trading, foreign exchange, and commodity markets. It operates on the popular MetaTrader 4 and MetaTrader 5 platforms, providing traders with a familiar interface for executing trades. Brokerhaz is regulated by the Czech National Bank (CNB), which adds a layer of credibility, although reviews indicate that its regulatory status is not universally recognized across all regions.
Brokerhaz is primarily regulated in Hungary and the Czech Republic. However, the broker's services may not be available in certain jurisdictions, limiting access for potential users. This regulatory framework is crucial, as it informs users about the protections in place when trading with Brokerhaz.
Brokerhaz supports several fiat currencies for deposits and withdrawals, although specifics on cryptocurrencies are less clear. Users have reported a straightforward deposit process, but withdrawal times can vary, leading to some frustration among traders.
The minimum deposit required to open an account with Brokerhaz is competitive, though exact figures vary based on account types. Some reviews indicate a minimum of around €100, making it accessible for new traders.
Brokerhaz offers cashback rebates, which are a significant draw for many traders. According to eBrokerhaz Review 2024, these rebates can effectively lower trading costs, making it an attractive option for frequent traders. However, the specifics of these promotions can be complex and may require further clarification from customer support.
The broker provides access to a diverse range of asset classes, including forex, commodities, and securities. This variety allows traders to diversify their portfolios but may not be as extensive as some competitors in the market.
Brokerhazs cost structure is competitive, with spreads that are generally considered reasonable. However, some users have expressed concerns about hidden fees that may not be immediately apparent. According to WikiBit, the average score for cost efficiency is around 4.16, indicating that while costs are manageable, there is room for improvement.
Brokerhaz offers leverage, which can enhance trading potential but also increases risk. The exact leverage ratios vary based on the asset class and account type, so traders should be cautious and fully understand the implications before utilizing high leverage.
The primary trading platforms offered by Brokerhaz are MetaTrader 4 and MetaTrader 5, both of which are well-regarded in the trading community for their robust features and user-friendly interfaces.
Brokerhaz has certain restrictions in place, particularly for traders located in regions where it is not regulated. This limitation can hinder access for potential users and should be a consideration for anyone looking to open an account.
Customer service is a critical aspect of any brokerage, and Brokerhaz primarily offers support in Hungarian, which can be a significant barrier for non-Hungarian speakers. While there is an English support hotline, the overall customer experience may suffer due to language limitations.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 5 |
Customer Service and Support | 4 |
Trading Experience | 6 |
Trustworthiness | 5 |
User Experience | 4 |
Additional Category (Rebates) | 7 |
In conclusion, Brokerhaz presents a mixed bag of offerings for traders in 2025. While it has attractive features such as competitive spreads and cashback rebates, the language barrier and customer service issues may deter some potential users. As always, prospective traders should conduct thorough research and consider their specific needs before engaging with Brokerhaz.
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