General Information & Regulation
HD Markets is a Forex and CFD broker based in South Africa and is not currently subject to any active regulation.
Market Instruments
So Far, we only know that investors can trade Forex currency pairs with the HD Markets, while other instruments are not fully disclosed.
Minimum Deposit
HD Markets offers its clients USD accounts and ZAR accounts. While minimum initial deposit requirements are not fully disclosed.
HD Markets Leverage
When it comes to trading leverage, the maximum leverage offered by HD Markets super high, reaching up to 1:1000. Since leverage, can amplify both profits as well as losses, inexperienced traders are not advised to use so high leverage level in case of heavy fund losses.
Spreads & Commissions
The spread on the HD Markets platform for EURUSD is 1.7 pips, which is slightly higher than the industry standard of 1.5 pips. When the spreads are too wide, the trading transaction goes up.
Trading Platform
HD Markets offers traders the market-leading and highly acclaimed MT4 trading platform. MT4 is equipped with an automated trading option, trading information, VPS, custom scripts. MT4 is best known for having a large number of charts, time frames, colors, and even the option to create custom templates.
Deposit & Withdrawal
HD Markets supports traders to deposit and withdraw funds to their investment accounts via credit card, bank transfer, PayFast. HD Markets requires a minimum withdrawal amount of $20.
HD Markets Pros & Cons
HD Markets Advantages Include:
1. MT4 trading platform
2. The availability of demo accounts
HD Markets Disadvantages Inlcude:
1. Not subject to any regulation
2. No real-time customer support
3. Spreads not competitive
