HunterFx Broker Trade

HunterFX Trade: A Comprehensive Review of a Controversial Forex Broker

　　The Forex market is a vital component of the global financial landscape, providing opportunities for traders to engage in currency exchange and investment. Among the myriad of brokers available, HunterFX has emerged as a player, but its reputation is marred by concerns regarding regulation and transparency. This article aims to address three core questions about HunterFX:

• What are the trading conditions and offerings provided by HunterFX？
• How does the trading platform perform in terms of usability and features？
• What are the advantages and disadvantages of trading with HunterFX, especially concerning safety and security？

　　

Broker Overview and Trading Conditions

Established	Regulatory Authority	Headquarters Location	Minimum Deposit	Leverage	Average Spread
2017	None (Revoked License)	Bulgaria	$100	Up to 1:3000	7 pips (EUR/USD)

　　HunterFX was established in 2017 and was previously licensed under the New Zealand Financial Services Providers Register (FSPR), but this license has since been revoked. The broker operates from Bulgaria and offers a minimum deposit requirement of $100, which is relatively competitive compared to many industry standards. However, the high leverage of up to 1:3000 is concerning, particularly for inexperienced traders who may not fully understand the risks involved.

　　The average spread of 7 pips for major currency pairs is significantly higher than the industry average, which typically ranges from 1 to 2 pips. This high spread indicates that traders may incur higher costs when executing trades, which can eat into potential profits.

　　

Trading Platform and Product Analysis

　　HunterFX primarily utilizes the widely recognized MetaTrader 4 (MT4) trading platform, which is known for its user-friendly interface and robust analytical tools. MT4 allows traders to customize their trading environment, automate trading strategies using Expert Advisors (EAs), and access a wide range of technical indicators.

Currency Pair Category	Number Offered	Minimum Spread	Trading Hours	Commission Structure
Major Currency Pairs	20+	1.6 pips	24/5	None
Minor Currency Pairs	10+	3.5 pips	24/5	None
Exotic Currency Pairs	5+	7 pips	24/5	None

　　The execution speed on the MT4 platform is generally reliable; however, traders have reported instances of slippage during high volatility periods. This can lead to discrepancies between expected and actual trade prices, impacting overall trading performance.

　　

Advantages and Disadvantages with Safety Assessment

　　Advantages:

• User-Friendly Platform: The MT4 platform is widely regarded for its ease of use and extensive features, making it suitable for both novice and experienced traders.
• Low Minimum Deposit: With a minimum deposit of $100, HunterFX allows traders to start with a relatively low financial commitment.
• High Leverage Options: The broker offers significant leverage, which can amplify potential returns for experienced traders.

　　Disadvantages:

• Lack of Regulation: The revocation of its New Zealand license raises serious concerns about the broker's legitimacy and safety for traders.
• High Spreads: The average spread of 7 pips for major currency pairs is considerably higher than the industry average, increasing trading costs.

　　HunterFX lacks adequate safety measures for client funds, such as segregated accounts and negative balance protection. The absence of regulatory oversight means that traders have little recourse in the event of disputes or issues with withdrawals. Customer satisfaction ratings are low, with many users reporting difficulties in accessing their funds.

　　

Practical Strategies and Summary Recommendations

　　For traders considering using HunterFX, a basic trading strategy involves starting with a demo account to familiarize oneself with the MT4 platform. Focus on the following:

• Risk Management: Use a risk-reward ratio of at least 1:2, ensuring that potential profits outweigh potential losses.
• Start Small: Begin with the minimum deposit and gradually increase exposure as confidence and understanding of the market grow.
• Utilize EAs Wisely: If using Expert Advisors, ensure they are well-tested on demo accounts before deploying them in live trading.

　　In conclusion, while HunterFX offers a user-friendly trading platform and competitive minimum deposit requirements, the lack of regulation and high trading costs are significant red flags. It is advisable for traders to exercise caution and consider more reputable, regulated brokers for their trading activities.

　　

FAQ

　　1. Is HunterFX a regulated broker？

　　No, HunterFX has had its regulatory license revoked, which raises concerns about its legitimacy.

　　2. What is the minimum deposit required to start trading with HunterFX？

　　The minimum deposit is $100, which is relatively low compared to many other brokers.

　　3. What trading platform does HunterFX use？

　　HunterFX primarily uses the MetaTrader 4 (MT4) platform, known for its user-friendly interface and robust analytical tools.

　　Risk Warning: Trading in Forex and other financial markets involves significant risks, and it is possible to lose all your invested capital. Always ensure you fully understand the risks before trading.