Horizon Review 1
They scam people of their hard earned money. Do not trade with them. over 2000$ lost because of them. beware and be safe








Horizon Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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They scam people of their hard earned money. Do not trade with them. over 2000$ lost because of them. beware and be safe
In this comprehensive review of Horizon, we delve into the various aspects of this forex broker based on recent findings. While some sources highlight potential opportunities, many raise significant concerns regarding regulation and user experience. Key features include unregulated status and mixed user feedback, which are critical for potential traders to consider before engaging with this broker.
Note: It is essential to recognize that there are different entities operating under the name "Horizon," which can lead to confusion. This review focuses on the most commonly referenced Horizon brokers and aims for fairness and accuracy in its assessment.
Category | Rating (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 4 |
Trading Setup (Experience) | 5 |
Trustworthiness | 3 |
User Experience | 4 |
Additional Features | 3 |
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding the broker's services and reputation.
Horizon has been operational since at least 2007, primarily focusing on forex and CFD trading. However, it lacks proper regulatory oversight, which is a significant red flag for potential investors. The broker does not utilize popular trading platforms like MT4 or MT5, instead opting for proprietary software, which may not be as familiar to traders. The asset classes available for trading include forex, commodities, and indices, but the absence of regulation raises concerns about the safety of client funds.
Horizon operates in various regions, but it is notably unregulated, which is a major concern highlighted in multiple reviews. According to PediaFX, Horizon is not properly regulated and originates from Egypt. This lack of oversight means that clients have little to no protection in case of disputes or issues with withdrawals.
The broker's minimum deposit requirement is reported to be around $10,000, which may deter many potential traders. Additionally, users have reported difficulties in withdrawing funds, indicating a lack of transparency and reliability in financial transactions. As noted by BrokerChooser, many users have faced obstacles during the withdrawal process, making it a significant concern for anyone considering this broker.
Horizon does not appear to offer any substantial bonuses or promotions, which is common among unregulated brokers. This absence of incentives further emphasizes the need for caution when considering trading with Horizon, as many legitimate brokers provide attractive bonuses to entice new clients.
Horizon offers a range of trading instruments, including forex, CFDs, commodities, and indices. However, the lack of a robust regulatory framework raises questions about the integrity of the trading environment. According to BrokersView, the broker's operations lack transparency, which is critical for users to make informed decisions.
The cost structure for trading with Horizon is not well-defined in the available reviews. Some sources indicate that spreads can be tight, but the lack of clarity on commissions and fees makes it difficult to assess the overall cost of trading with this broker.
Horizon offers high leverage options, which can be attractive for traders looking to maximize their potential returns. However, high leverage also increases the risk of significant losses, especially for inexperienced traders.
Horizon utilizes a proprietary trading platform, which may not provide the same level of functionality and user experience as established platforms like MT4 or MT5. This could be a disadvantage for traders accustomed to the features and tools available on more widely used platforms.
The broker does not provide clear information regarding restricted regions, which can be a concern for potential traders from various jurisdictions. It is essential for users to verify whether they can legally trade with Horizon based on their location.
Customer service appears to be another area of concern, with reports of unresponsive support. The available languages for customer support are not clearly stated, which can hinder communication for non-English speaking clients.
Category | Rating (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 4 |
Trading Setup (Experience) | 5 |
Trustworthiness | 3 |
User Experience | 4 |
Additional Features | 3 |
In conclusion, while Horizon may offer some trading opportunities, the significant concerns regarding regulation and user experience suggest that potential clients should proceed with caution. The overall consensus from the horizon review indicates a need for thorough research and consideration before engaging with this broker.