The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
License Type:Common Financial Service License
Regulated in Country/AreaUnited States
Regulatory License No.：0535400
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :马汇 NFA监管 View Certified Documents
Most visited countries/areas
The data are from WIKI Research 2021.05.16 updated
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Basic Information & Regulators of Horseforex
Horse Group was founded in 2010 and has a global presence with companies in various fields such as equestrian clubs, research, finance, etc. Horseforex Pty Limited was founded in 2016 and officially entered the Chinese market in 2017. The broker is currently regulated offshore by the Financial Services Commission (FSC) of Mauritius (Regulatory Certificate No. C118023277) and holds a license from the Dubai Multi Commodities Centre (DMCC) (License No. DMCC-711698).
Safety Analysis of Horseforex
Horse Forex claims to be regulated by the DMCC, but the DMCC is not a regulatory body. Additionally, the trader is only regulated by the Mauritius Financial Services Commission, which is not a mainstream regulator. Therefore investors should take careful consideration when choosing this trading broker.
DMCC provides investors with popular trading products in the global financial markets, mainly foreign exchange, commodities (natural gas, copper, cotton, sugar, crude oil), rare metals, indices, stocks, cryptocurrencies (Bitcoin, Litecoin, Dashcoin, Ripple, Ethereum).
Leverage & Account
Both accounts have a minimum deposit of $50 and are available with leverage of 1:30, 1:40, 1:100, 1:200, 1:400 for traders to choose from.
Spreads & Commission Fees of Horseforex
The main spreads for Forex products: the average spread for EURUSD is 0.2 pips, the average spread for EURGBP is 0.6 pips, and the average spread for GBPUSD is 0.6 pips. The main spreads of metal products: the average spread of gold dollar is 1.3 pips, the average spread of silver dollar is 3.6 pips. Main spreads for commodities: 1.5 pips for Natural Gas, 2.6 pips for Brent Crude Oil, and 2.4 pips for West Texas Crude Oil. Main spreads for index products: 26.0 points for the German 30, 26.0 points for the Nasdaq, and 40.0 points for the Hong Kong Hang Seng. Main spreads for stocks: Apple's average spread was 7.0, Amazon's average spread was 80.0, and Facebook's spread was 5.0. Cryptocurrency spreads: Litecoin has an average spread of 316.0, Ripple has an average spread of 320.0, and Bitcoin has an average spread of 2400.0.
Trading Platform Applied
HorseFX provides traders with MT4, MT5, MT Apple Mobile, MT Apple PC, and MT Android Mobile trading platforms.
Deposit & Withdrawal of Horseforex
Forex offers traders a wide range of convenient and efficient ways to deposit and withdraw funds, including UnionPay, Alipay, Digital Currency, Wire Transfer, PayPal, WeChat, Visa, Skrill/NETELLER, ZOTAPAY, Perfect Money, etc.
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Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.