Today I’m taking a closer look at a new Forex brokerage that getting quite a bit of attention from the community, HQ Broker. Their goal is to provide traders with reliable trading solutions, with a focus on low latency performance to make sure that their clients are one step ahead of the competition. I will be looking at their trading conditions, but a lot of my focus will be on the current climate and client reviews, so we get an insider’s look at what they have to offer.
The broker is owned and operated by Hokkaido Investments Sp. Located at Pilsudskiego 3, 00-078, Warsaw Poland. They claim to be regulated, but they don’t tell us there regulation number or what governing body is regulating them. In order to get in touch with support, traders can either email email@example.com or phone 852-5808-4980.
HQ Broker Review
THe HQ Broker the team believe that their utilization of cutting-edge technologies is the main reason why traders should sign up with their services. As mentioned above, they are making a determined effort to provide traders with the best trade execution time in the market. This way, when traders place a trade, it is immediately reflected at the price in which they place the order act, and trades are less susceptible to slippage and other broker side issues that can impact performance.
Another focus of theirs, is security. They believe that traders should feel 100% secure that their investment is safely deposited “in trustworthy financial firms of the highest global standard.” They don’t tell us exactly where these funds are deposited, but this would go a long way in providing us with more confidence in their services.
They are utilizing the meta-trader 4 platform, which is a requirement for any broker that I’m considering signing up with. They offer leverage up to 1:400, competitive spreads, a copy trading service, and more than 200 instruments are available to trade. Most recent brokers I’ve reviewed offer the same, like Capital88 and VideForex.
- Type: Forex Broker
- Founded: Undisclosed
- Location: Poland
- Minimum Deposit: $250
- Platform: MT4
- Minimum Lot Size: 0.01
Despite my efforts, I’ve been unable to find much clarity regarding when this company was founded. From what I’m seeing in terms of reviews, and general information the HQ Broker is brand-new, and was likely founded in 2017.
They currently require a minimum deposit of $250, and as I mentioned above they do utilize the MetaTrader 4 platform, which is vital to Forex robot trading.
There are currently 5 different account types available for traders looking to sign up with the HQ Broker. The starter package which requires a $250 minimum deposit, the silver package which requires a $5000 minimum deposit, the Golden package which requires a $20,000 minimum deposit, the platinum package which requires a $50,000 minimum deposit and the investor package which requires a $100,000 minimum deposit.
Depending on how much you deposit, you could gain access to mobile trading capabilities, daily analysis, account management, 24 hour support, a free VPS, and free bank wires. The only way to gain access to the free VPS, or 24 hour support is to sign up with the investor package. Mobile trading, and account management is available on all packages, but account management isn’t something I ever recommend.
I really don’t see the purpose in investing a large amount of money with this broker, because none of the additional features are really necessary as far as I’m concerned.
In doing research on the HQ Broker, I haven’t been overly impressed with a lot of the client feedback. There seems to be a considerable amount of people claiming that this broker is calling them, without consent or ever signing up for a phone call. Multiple traders have mentioned that the broker has called them and told them that they’ve “signed up with or or you were referred by a successful client who wants you to make more money.” There are a handful of quotes like these on the reddit discussion.
Another complaint I read, was from a man who claimed he let the management team trade his account, and they lost the entire account in 2 days. This is a very scary thought.
While the platform, and general approach of the HQ Broker comes across as professional and technologically savvy, there are some underlying issues. It is difficult for me to sign up with a broker, that is receiving negative feedback from clients, over such a small period of time. If a product or a broker has been around for years, it is common to see both negative and positive reviews, because you can’t keep everyone happy. Yet, when a broker has just been on the market for a few months and it’s already getting negative reviews, we have to weigh them a little more heavily.
Please let me know what you think about this broker by leaving your reviews and comments below the article now.
HQ Broker Deposit
- Ease of Use
- Account Types
- Client Feedback
- Customer Support
HQ Broker is a Forex broker with a fair amount of negative client feedback.
Multiple account types
Bad client feedback
Negative comments here