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HVTrader Review - Is it scam or safe?

HVTrader Review - is hvtrader.com scam or good forex broker?

RATING: 1.7 / 1 REVIEWS ForexBrokerz HVTrader
HVTrader is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit  Min. trade size Maximum leverage Average Spreads
Standard $200 0.01 1:400 1.8 pips
Pro N/A 0.1 1:400 From 0.1 pips + $7 / lot 

 

HVTrader offers its clients two basic account types – Stannard & Pro. Both accounts provide variable spreads and leverage up to 1:400 on the industry’s standard MT4. Micro tradeable lots are available on the Standard account only, which is commission-free. The Pro account, on the other hand, offers tighter spreads, but commission fees are charged.

 

However, HVTrader’s typical spreads amount to 1.8 pips for the EUR/USD pair, which is above the average for the market (1.0 – 1.5 pips for this pair). For further information and comparison, you may check out real-time spreads of 15 leading brokers here.

 

The trading costs on the Pro accounts offered by HVTrader seem lower, however there is no information about the minimum initial deposit to open such an account and we presume that this amount is quite high. And we do not recommend investing too much money with offshore brokerages.

 

The Company. Security of Funds

 

Company

Country

Regulation

HVTrader Ltd.

Vanuatu

VFSC

 

HVTrader claims to be a STP brokerage, offering online trading in a wide range of financial assets on the popular MetatTrader 4 platform.

 

Behind the brand is HVTrader Ltd., a company licensed in Vanuatu. We keep reiterating that one of the most important things to look for in a forex brokerage is proper regulation. And brokerages registered offshore, in Vanuatu, Belize or elsewhere, are not really regulated, no matter what they claim. Investing with an offshore broker is a risky business and that is why we advise traders to select among companies licensed by the respective authorities in the UK, Australia or Cyprus, for example.

 

Trading Platforms

 

HVTrader supports the ever popular MetaTrader 4 (MT4), available as a desktop and mobile versions.

 

MT4 was launched more than 10 ago and has proved to be stable, easy to use and professional trading platform. It has many functionalities and add-ons that have been developed over the years – most notably Expert Advisors, which allow full automatization of trades, and technical analysis indicators.

 

Methods of Payment

 

Clients of HVTrader are offered the following payment modes: credit cards, bank wire transfers, and e-wallets Skrill, and China UnionPay.

 

Conclusion

 

HVTrader is an forex and CFD broker that supports the industry’s standard MT4 platform. We do not reccomend it, as the company behind the brand is registered offshore and besides we find its spreads above the average for the industry. To sum up the above: 

                                                                                               

Pros  Cons
MT4 offered  Registered offshore
STP environment available   High spreads
   

Latest news about HVTrader
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Traders` reviews for HVTrader

Spread

Pros

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Slippage

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Cons

 

 

Requotes

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Price feed

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Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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