Flying Hummingbird 2025 Review: Everything You Need to Know
Summary: The Flying Hummingbird broker presents a troubling picture for potential investors, with numerous complaints highlighting issues related to withdrawal difficulties and a lack of regulatory oversight. Despite offering a trading platform based on MT5 and access to various trading instruments, the overall user experience appears to be marred by negative reviews and concerns about trustworthiness.
Note: It is essential to recognize that different entities may operate under the same name across various regions, which can complicate the assessment of their legitimacy. This review aims to provide a fair and accurate evaluation based on available data.
Ratings Overview:
How We Rate Brokers: Our ratings are derived from a comprehensive analysis of user experiences, expert opinions, and factual data related to the broker's operations.
Broker Overview
Flying Hummingbird, established in 2020, is a forex and CFD broker that claims to provide access to over 50 currency pairs and various trading instruments. The broker operates on the popular MetaTrader 5 (MT5) platform, known for its advanced features and tools that cater to both novice and experienced traders. However, it has come under scrutiny for its lack of proper regulatory oversight, primarily being flagged by the National Futures Association (NFA) as unauthorized, which raises significant concerns regarding the safety of investor funds.
Detailed Section
Regulatory Regions
Flying Hummingbird operates primarily as an offshore broker, with claims of being registered in China. However, it lacks legitimate regulatory oversight, as indicated by its unauthorized status with the NFA. This absence of regulation is a red flag for potential investors, as it implies that there is no official body ensuring the broker adheres to industry standards.
Deposit/Withdrawal Currencies and Cryptocurrencies
The broker accepts deposits through wire transfers, with a minimum initial deposit requirement reported to be as low as $1. However, the lack of clarity regarding withdrawal methods and associated fees raises concerns about hidden costs that could impact traders negatively.
Minimum Deposit
The minimum deposit for opening an account with Flying Hummingbird is relatively low, starting at $1. This low barrier to entry may attract new traders; however, it is crucial to weigh this against the potential risks associated with trading on an unregulated platform.
There is limited information regarding bonuses or promotional offers associated with Flying Hummingbird. Many brokers offer incentives to attract new clients, but the absence of such details may indicate a lack of competitive offerings.
Tradable Asset Classes
Flying Hummingbird claims to offer a diverse range of tradable assets, including over 50 forex currency pairs, indices, commodities, and gold. However, the actual availability of these instruments may be questionable given the broker's dubious reputation.
Costs (Spreads, Fees, Commissions)
The spreads offered by Flying Hummingbird are reported to be around 2.5 pips, but there is little transparency regarding other costs, such as withdrawal fees or commissions. This lack of clarity can lead to unexpected expenses for traders, making it challenging to assess the overall cost of trading with this broker.
Leverage
Flying Hummingbird offers a maximum leverage of 1:500, which can amplify both potential gains and losses. While high leverage can be appealing, it also significantly increases the risk, especially for inexperienced traders who may not fully understand the implications of leveraged trading.
The broker exclusively utilizes the MetaTrader 5 (MT5) platform, which is widely recognized for its robustness and feature set. However, the lack of additional platforms or mobile trading options may limit flexibility for traders who prefer diverse trading environments.
Restricted Regions
There is no clear information regarding specific regions that are restricted from trading with Flying Hummingbird. However, the offshore nature of the broker suggests that it may not be accessible to traders in certain regulated markets.
Available Customer Service Languages
The customer service information for Flying Hummingbird is limited, which is concerning for potential clients. The absence of readily available support channels can lead to difficulties in resolving issues, particularly when it comes to withdrawals or account management.
Repeated Ratings Overview
Detailed Breakdown
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Account Conditions: The broker's account conditions are rated poorly, primarily due to the lack of transparency and regulatory oversight.
Tools and Resources: While MT5 offers advanced tools, the absence of additional resources or educational materials limits trader development.
Customer Service and Support: The lack of accessible customer support channels is a significant drawback, making it difficult for traders to get assistance when needed.
Trading Setup (Experience): The trading experience on the MT5 platform is hindered by the broker's questionable practices and user complaints about withdrawal issues.
Trustworthiness: Given the numerous complaints and the broker's unregulated status, trustworthiness is rated extremely low.
User Experience: The overall user experience is marred by reports of scams and withdrawal problems, leading to a negative perception of the broker.
Additional Considerations: The high leverage offered may attract some traders, but it also poses significant risks, particularly for those who are inexperienced.
In conclusion, the Flying Hummingbird review paints a concerning picture for potential investors. The combination of unregulated status, numerous user complaints, and lack of transparency makes it a risky choice for trading. It is strongly advised to consider regulated brokers with a proven track record to ensure the safety of your investments.
