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HTotal Review - Is it scam or safe?

HTotal Review - is htotal.ru scam or good forex broker?

RATING: 2 / 1 REVIEWS HTotal
HTotal is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

  

Trading Account Minimum deposit  Min. trade size Maximum leverage Spreads (Commission)
Standard  $1 0.01 1:500 From 0.7 pips
NDD  $1 0.01 1:500 From 0.0 pips + $10 /lot
Cent  $1 0.01 1:500 From 0.7 pips

 

Hedge Total (HTotal) offers its clients several account types.  All accounts are offer floating spreads, leverage up to 1:500 and the opportunity to trade micro lots on the MetaTrader 5 platform with no minimum initial deposit requirement. Two of them are commission-free and the NDD one involves a commission, but spreads start at zero. PAMM services are also available with this broker.

 

The offerings of HTotal seem really attractive: you can start trading with a couple of bucks, use high leverage and the spreads fall within the average range of 1.0 – 1.5 pips for EUR/USD. However, we do not recommend doing business with this broker, as it is not regulated and could be engaged in fraudulent practices.

 

The Company. Security of Funds

 

Company

Country

Regulation

HTotal Company International Corporation

SVG

N/A

 

Established in 2009, HTotal is a Russian broker headquartered in London and registered offshore. It offers a wide range of instruments for trade on MT5: more than 50 Forex pairs, a number of CFDs on stocks, commodities, precious metals, as well as various Futures.

 

The company behind the brand is HTotal Company International Corporation, an International Business Company (IBC) registered in Saint Vincent and the Grenadines. SVG is a popular offshore forex destination due to the fast and inexpensive registration procedure and the liberal control over brokerage firms.

 

Trading with an offshore broker is a risky business and we generally advise traders to invest their money elsewhere.  What is more, while user reviews of HTotal are a mixed bag, which is usually the case with almost any forex broker, we found that that there is a FPA Traders Court guilty vote against this company. The Forex Peace Army (FPA) recommends caution dealing with this broker and we would advise you to select among brokerages licensed in UK, Cyprus, or Australia for instance, where traders have certain level of.

 

Trading Platform

 

HTotal offers its clients the MetaTrader 5 (MT5), desktop, and mobile versions available.

 

MT5 is a multi-asset platform suitable for trading in the forex, stocks, futures and CFD markets. As most MT4’s indicators and Expert Advisors (EA) are not supported on the MT5 platform, the latter is still in the shadow of its predecessor. Recently, however, a number of enhancements were made to the MetaTrader 5, including the adding of hedging feature. As a result, MT5 gained popularity both among brokers and traders. Besides, its developer MetaQuotes announced it will no longer issue updates to the MT4 and will instead concentrate on the MT5.

 

More brokers using the MT5 can be viewed here.

 

Promotion

HTotal runs 100% on-deposit welcome bonus and 50% bonus on each subsequent deposit.

 

Methods of Payment

 

Payment methods with HTotal are the following: credit/debit cards, bank wire transfer, and e-wallets Yandex, MonetaRu, WebMoney, and RBKMoney.

 

Conclusion

 

HTotal is a Russian broker registered offshore that provides online trading in forex, CFDs and futures on the MT5 platform. Although its offerings seem attractive, we would not recommend doing business with HTotal, because it is not regulated and could be a scam.

 

Pros Cons
MT5 available, wide range of tradeable products offered Not regulated
High leverage levels  No choice of platforms, no MT4
No minimum initial deposit set  

 

Latest news about HTotal
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Traders` reviews for HTotal

Spread

Pros

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Slippage

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Requotes

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Cons

 

 

Price feed

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Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

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Summary

Pros

Cons

 

 

HTotal SCAM

They are not processing my withdraw. A week ago I sent a request to withdraw and they didn't processed it, and they do not answer my e-mails too.
When I opened the account, they were always online at chat, but now, they are always offline.
I sent a lot of messages and they do not answer.
Seems like a SCAM!!

Leonardo Chalub 05/09/2017
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