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    Horseforex:Horseforex-Some Important Points about This Broker

    Abstract: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).

      General Information & Regulation

      Horse Forex is the trading name of Horse Group Limited, which was founded in 2010 and has a global presence with companies in various fields such as equestrian clubs, research, finance, etc. Horse Group Limited 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.

      Market Instruments

      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).

      Minimum Deposit

      There are two trading accounts on offer: the STP and the ECN accounts. The minimum initial deposit for both accounts is $50, quite reasonable compared with many other brokers who requires an intial deposit of $200~$500.

      Horse Forex Leverage

      In terms of trading leverage, the maximum leverage offered by Horseforex is up to 1:400, which is considered high. Using such high leverage level is risky, especially for inexperienced traders.

      Spreads & Commissions

      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.

      Horse Forex Trading Platform

      Horse Forex supports both MetaQuotes platforms – the MetaTrader4 and the MetaTrader5. Those two share a lot of similarities, most of which are highly praised by the forex community: the top-notch charting and market analysis tools, the support of automated trading bots (Expert Advisors), the customization options, and more.

      Deposit & Withdrawal

      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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    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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