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Hamilton FE Review - is it scam or safe?

Hamilton FE review - Is scam or good forex broker?

RATING: 1 / 5 REVIEWS ForexBrokerz Hamilton FE
Hamilton FE is an offshore broker. Your money is not safe.


Hamilton FE is a forex and CFD broker offering a good variety of currency pairs as well as CFDs on various assets, with a choice of five account types on a web based trading platform. Unfortunately we have some serious issues with the broker's legitimacy and its regulatory status, so if you are planing to invest with Hamilton FE be sure to read this review first.


Account type Min. deposit Max. leverage Spreads
Micro Account $500 1:200 3.6 pips, floating
Mini Account $2500 1:200 n/a
Silver Account $5000 1:200 n/a
Gold Account $10 000 1:200 n/a
Diamond Account $50 000 1:300 n/a


Hamilton FE Advantages:


Over 50 currency pairs and a number of crypto CFDs


The choice of trading instruments with Hamilton FE is really good. They offer over 50 forex pairs, some with exotic currencies like Honk Kong Dollar, Norwegian Krone, Swedish Krona, Danish Krone, Hungarian Forint, Israeli Shekel, Mexican Peso, Polish Zloty, Russian Rubble, Chinese Yuan, Singapore Dollar, Turkish Lira and South African Rand. 


Other assets include CFDs on spot metals like gold, silver, platinum, palladium and copper, energy and agricultural commodities including oil, natural gas, cocoa, coffee, cotton, orange juice, soybean, sugar and wheat, 23 major indices and a number of ETFs, bonds and stocks.


On  Hamilton FE trading platform we even found a selection of crypto CFDs with a variety of coins, including Zcash, Ripple, Monero, Stellar, Qtum, Tron, NEO, Litecoin, IOTA, Ethereum, Ethereum Classic, EOS, Dash, Bitcoin Gold, Bitcoin, Bitcoin Cash and Cardano. And as crypto assets are getting more and more popular, here you may check our list of brokers, offering Bitcoin CFDs as well:


>>Bitcoin Forex Brokers<<


Leverage of up to 200:1


Leverage as high as 200:1 is considered quite generous and is definitely enough to accommodate even the most aggressive trading strategy. Still, you should use leverage with caution as it comes with an implied risk of loosing your funds very rapidly, if the market turns in the wrong direction. 


Not surprisingly in early August the European Securities and Markets Authority (ESMA) caped the maximum leverage allowed with forex transactions in Europe at 30:1.


Hamilton FE Disadvantages:


No license


Hamilton FE does not have a license to operate as a forex and CFD broker on markets like Europe, US, UK, Australia and Japan.


All brokers, operating on those markets, should hold a license by a local financial authority such as the Financial Conduct Authority in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). 


Licensed brokers are obliged to make regular reports, to allow external audits and to maintain a certain minimum operational capital, in order to guarantee all outstanding payments to traders. They should also keep all clients funds in a segregated, protected form creditors account and in certain cases they are even obliged to insure traders money.


FCA brokers for example participate in a clients money compensation scheme, guaranteeing up to 50 000 GBP of a trader's capital in case a broker turns insolvent. 


We should note that Hamilton FE is owned and operated by Y2 MEDIA GROUP LTD – a company based on St. Vincent & the Grenadines. On their website we found the name of another company as well - SolutionsCM LTD, which have a contact address in Bulgaria.


However, neither Hamilton FE nor the companies behind it have a license by a respected financial watchdog such as the FCA. So basically, we are talking about an unregulated, off shore broker with very limited credibility.


Keep in mind that the safety of any potential investment with unregulated brokers is granted solely by the integrity of the people, who operate them. 


With that in mind, here you may check our list of FCA regulated brokers:


>>FCA Regulated Forex Brokers<<


Uncompetitive spreads 


As tested with a demo account the benchmark EURUSD spread fluctuated about 3,5 pips – 3,6 pips, which is an absurdly high spread. With a standard account traders would usually expect spreads starting below 1,5 pips, so here you may also check our list of brokers, offering tighter spreads:


>> Lowest spread forex brokers<<


MetaTrader4 not supported


Hamilton FE offers a rather simplified, web based trading platform, which we have seen with many binary options brokers. 



After ESMA banned all binary options bets in the beginning of July a version of the platform has been modified to support forex and CFD trade. However, it lacks many functionalities, standard with traditional trading platforms like the MetaTrade4. MT4 features an excellent charting package, more than 50 in-build market indicators and the option to run automated trading sessions with the help of specially designed, customizable trading robots or Expert Advisors. Here you may check our list of brokers, supporting the MetaTrader4:


>>MT4 Brokers<<


Excessive minimum deposit requirement


For the opening Micro Account Hamilton FE asks for 500 USD and that, in our view, is excessive as with most brokers you can open a trading account with 250 USD or so. Besides, some big, well established players like FBS and IG do not have a minimum deposit requirement at all.


In addition Hamilton FE has some rather unusual withdraw conditions. If you have accepted a bonus, in order to withdraw you will  have to reach a trading volume of at least 30 times the bonus plus your initial deposit. In certain cases that might prove rather challenging.


Neteller and Skrill not available as payment options


You can fund your account at Hamilton FE with major credit or debit card like VISA and MasterCard, bank wire and some e-wallets like QIWI, WebMoney and Yandex. However, you can not use Neteller and Skrill and that is a negative. Also, you do not have the option to pay with Bitcoins, so here you may check our list of brokers, accepting payments with Bitcoins:


>>Forex Brokers Accepting Bitcoin<<




Unfortunately Hamilton FE turned out to be an offshore, unregulated broker, where you can not expect any security for your investment. As we already discussed, trading with unregulated brokers is associated with a significant risk of loosing your money to scammers. 

Latest news about Hamilton FE
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Traders` reviews for Hamilton FE
















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1 star is too much

After a year that I trust them and I want to withdrawel some of my money, they shut me down from their "platform"and telephone.
I find an other way to look at my account, and now everything is empty.
with excuses they rob you of your last money.
Don;t trust Chris Backer, he is very bad and criminal.
It is SCAM and you lose all of your money.
In the first month they pay you back with a small amount to get your trust.
Do NOT invest in these criminals

Els Peters 01/17/2020

Fraudsters and scammers!

Lost more than 6k€! On the account with HamiltonFE I had a equity of less than 22k€ but then when I had trust and could not put in more money, then he, Chris Backer said that he was going to transfer nearly all my money to my bank and then the problems started, it went quiet, and now, two weeks later they blocked me off and I can’t even log in to my trading account!
I workt with Cris for one year until I started to trust him, then it all went fast.

Olle Nordin 12/13/2019

Fraudsters! Beware

Fraudsters and scammers! Lost more than £3k! On their account I gain a profit of more than 10k€ but when I wanted withdraw part of the money the problems started, now they blocked me off and I can’t even log in to my trading account! AVOID AND BEWARE!!!

Rafal Lozynski 08/10/2019

Crypto Theft

The real truth about this company is that they are a bunch of complete fraudsters.
They rang and emailed on many occasions, persuaded me into depositing and sending funds into a crypto wallet, then they claimed they didn’t receive my money - £842.00. Did the money get lost then? NO, my bank traced the money directly to their bank.
Hamilton FE does not have a license to operate as a forex and CFD broker on markets like Europe, US, UK, Australia and Japan, So basically, we are talking about an unregulated, off shore broker with very limited credibility. No doubt they have many ways of obtaining their money illegally, this was just one of them - Don’t trust them!

Dorothea Read 05/21/2019

hamiltonfe non mi ha pagato è ha chiuso il mioaccount

Ho versato in due trance 200 euro,il promotore che mi ha contattato mi ha prodotto un guadagno di circa 160Euro in poche settimane.
per un periodo non ha prodotto niente,allora mi sono messo a puntare io.
la fortuna a volito che in soli 10 minuti (tanto e durato il tempo in cui ho fatto 24 transazioni vincenti) ho vinto 8300uro.e richiedo ul bonifico di 8000.00 .Il giorno seguente mi chiama l'operatore tutto incazzato che l'avevo messo nei guai e che mi avrebbe tolto dal sito,cosa che ha fatto,Ho fatto denuncia alla Polizia Postale ,alla Codacons,e non mi fermo qui.vorreo almeno il mio capitle .cosa mi consigliate

Translated by Google:

I paid 200 euro in two tranches, the promoter who contacted me gave me a profit of about 160Euro in a few weeks.
for a while he did not produce anything, so I set about myself.
luck was that in just 10 minutes (a lot and lasted the time when I made 24 winning transactions) I won 8300uro.e require a bank transfer of 8000.00 .The following day I call the operator all pissed off that I had put in woe and that I would have taken away from the site, which he did, I made a complaint to the Postal Police, the Codacons, and I do not stop here. I want at least my capitle.

Vincenzo De ROSA 12/20/2018
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