Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

HD Markets

South Africa|2-5 years|
White label MT4|Regional Brokers|High potential risk|

https://hdmarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
HDMarkets-DEMO MT4
Server Location France

Contact

+27 21 207-3972
support@hdmarkets.com
https://hdmarkets.com
https://www.facebook.com/HDMARKETSZA/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+27 21 207-3972

Broker Information

More

Company Name

HD Markets

Company Abbreviation

HD Markets

Platform registered country and region

South Africa

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-06-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

HD Markets · WikiFX Survey

Users who viewed HD Markets also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FP Markets

8.88
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

J.P. Morgan

7.47
Score
Above 20 yearsRegulated in Hong KongDealing in futures contractsSelf-developed
Official website
Pyramid scheme complaint
Expose

HD Markets · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

HD Markets Review Summary in 10 Points
Founded N/A
Registered Country/Region South Africa
Regulation No license
Market Instruments forex currency pairs, commodities, indices, stocks, gold, silver, oil, bitcoin and other cryptocurrencies
Demo Account N/A
Leverage 500:1
EUR/USD Spread N/A
Trading Platforms MT4
Minimum deposit $20
Customer Support Phone, email

What is HD Markets?

HD Markets is a Forex and CFD broker registered in South Africa and is not currently subject to any active regulation.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• Wide range of trading instruments • Not subject to any regulation
• Low minimum deposit • Reports of deposit and withdrawal issues
• MT4 supported • Unavailable website
• Spreads not competitive
• Limited payment methods
• No real-time customer support

HD Markets Alternative Brokers

    There are many alternative brokers to HD Markets depending on the specific needs and preferences of the trader. Some popular options include:

    • ActivTrades - A reputable broker with a wide range of trading instruments and advanced trading platforms, suitable for both beginners and experienced traders.

    • Darwinex - An innovative broker offering unique investment strategies through its proprietary Darwinex platform, ideal for traders looking for social and copy trading opportunities.

    • ForexChief - A reliable broker with competitive trading conditions, low minimum deposit requirements, and a user-friendly trading platform, suitable for traders of all levels.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is HD Markets Safe or Scam?

Based on the information available, HD Markets raises concerns regarding its lack of valid regulation and reports of withdrawal issues. The unavailability of their website further adds to the uncertainty. Traders are advised to exercise caution and carefully evaluate the risks associated with trading on an unregulated platform. It is important to prioritize the safety and security of funds when choosing a broker.

Market Instruments

HD Markets provides a diverse range of market instruments for personal investment and trading options. Traders can access over 45 forex currency pairs, allowing for potential opportunities in major, minor, and exotic currency pairs. Additionally, HD Markets offers commodities such as gold, silver, and oil, which are popular choices for traders seeking exposure to the commodities market.

The platform also includes a variety of indices and stocks, enabling traders to participate in global market movements. Furthermore, HD Markets supports cryptocurrencies, including Bitcoin and other digital assets, allowing traders to capitalize on the growing popularity and volatility of the cryptocurrency market.

Accounts

HD Markets provides clients with the flexibility to choose between USD accounts and ZAR accounts. This allows traders to select the currency that aligns with their preferences and trading objectives. The minimum initial deposit requirement to open a live account is $20, which is relatively low and makes it accessible for traders with different budget levels.

Leverage

HD Markets offers its clients leverage of up to 500:1, providing traders with the opportunity to amplify their trading positions and potentially increase their profits. The high leverage allows traders to control larger positions in the market with a relatively smaller amount of capital. This can be advantageous for experienced traders who have a solid understanding of risk management and are comfortable with higher levels of leverage.

However, it is important to note that while leverage can magnify profits, it can also amplify losses. Therefore, it is crucial for traders to exercise caution and employ proper risk management strategies when utilizing high leverage.

Spreads & Commissions

HD Markets offers competitive spreads on its trading platform, with the EURUSD pair having a spread of 1.7 pips. The spread represents the difference between the buying and selling price of a financial instrument and serves as a cost for traders. A tighter spread indicates a more favorable trading environment as it reduces the overall cost of executing trades.

While there is no specific information available regarding commissions, it is important to consider that some brokers may charge additional fees in the form of commissions on certain account types or trading instruments. Traders should carefully review the broker's fee structure and account terms to understand any potential commission charges.

It is recommended to compare the spreads and commissions offered by HD Markets with other brokers to ensure they align with your trading strategy and goals. Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commissions
HD Markets 1.7 pips No information
ActivTrades 0.5 pips Variable
Darwinex 0.2 pips Variable
ForexChief 1.0 pips No information

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

HD Markets provides traders with access to the popular MetaTrader4 (MT4) trading platform, a widely recognized and reliable platform in the industry. With MT4, traders can enjoy advanced charting tools, technical analysis indicators, and a user-friendly interface. The platform offers a range of order types, including market orders, limit orders, and stop orders, allowing traders to execute trades with precision and flexibility.

Additionally, HD Markets offers MT4 Mobile, a mobile version of the platform that enables traders to access their accounts and trade on the go using their smartphones or tablets. The mobile platform provides the same powerful features and functionality as the desktop version, allowing traders to stay connected to the markets and manage their trades conveniently from anywhere at any time.

Whether on a desktop or mobile device, HD Markets' trading platforms offer a seamless trading experience with robust features and tools to support traders in their financial endeavors.

See the trading platform comparison table below:

Broker Trading Platforms
HD Markets MetaTrader 4 (MT4)
ActivTrades MetaTrader 4 (MT4), MetaTrader 5 (MT5), ActivTrader (Web-based)
Darwinex MetaTrader 4 (MT4), Darwinex Web Platform
ForexChief MetaTrader 4 (MT4), MetaTrader 5 (MT5)

Deposits & Withdrawals

HD Markets provides traders with several convenient options to deposit and withdraw funds from their trading accounts. Traders can make deposits using Bank Wire (Bank Transfer/SWIFT), EFT (Electronic Funds Transfer), and PayFast, ensuring flexibility and ease of transactions.

When it comes to withdrawals, traders can choose between Bank Wire (Bank Transfer/SWIFT) and EFT (Electronic Funds Transfer). The minimum deposit and withdrawal amounts are both set at $20, allowing traders to start trading with a relatively low initial investment and providing flexibility in accessing their funds.

HD Markets minimum deposit vs other brokers

HD Markets Most other
Minimum Deposit $20 $100

Customer Service

HD Markets ensures customer support through phone: +27 21 207-3972 and email: support@hdmarkets.com. Company address: 26 Baker Street Rosebank 2196, Gauteng, South Africa.

Pros Cons
• Phone and email support • Limited customer support channels available
• Company address revealed openly • No 24/7 customer support availability
• No live chat support available

Note: These pros and cons are subjective and may vary depending on the individual's experience with HD Markets' customer service.

User Exposure on WikiFX

On our website, you can see that some reports of deposit and withdrawal issues. As a responsible platform, we encourage traders to thoroughly review all available information and take into account the risks associated with trading on an unregulated platform. It is essential to conduct proper due diligence and research before engaging in any financial transactions. We urge traders to explore our platform for comprehensive information and seek guidance from trusted sources.

User Exposure on WikiFX

If you have encountered fraudulent brokers or have been a victim of such practices, we encourage you to share your experiences in the Exposure section. We greatly appreciate your input, and our team of experts is committed to addressing any issues and finding appropriate solutions. Ensuring a safe and secure trading environment is our utmost priority.

Conclusion

Based on the information available, HD Markets is an unregulated Forex and CFD broker with limited information and an unavailable website. There are reports of deposit and withdrawal issues, which raises concerns about the reliability and trustworthiness of the broker. It is important for traders to exercise caution and conduct thorough research before engaging with HD Markets or any unregulated broker. It is recommended to choose regulated brokers that offer greater transparency and protection for client funds.

Frequently Asked Questions (FAQs)

Q 1: Is HD Markets regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does HD Markets offer the industry leading MT4 & MT5?
A 2: Yes. It supports MT4.
Q 3: Is HD Markets a good broker for beginners?
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

News

WikiFX Scam Alert: Don’t be deceived by HD Markets!

ExposureWikiFX Scam Alert: Don’t be deceived by HD Markets!

2022-08-05 14:42

WikiFX has complied reasons to avoid trading with HD Markets in the following review.

WikiFX
2022-08-05 14:42
Exposure
WikiFX Scam Alert: Don’t be deceived by HD Markets!
What Is Forex Trading and How It Work in South Africa?

NewsWhat Is Forex Trading and How It Work in South Africa?

2022-04-06 15:11

Although Forex trading is regulated in South Africa, it is still possible for traders to take advantage with WikiFX of busy times in the market to make a profit.

WikiFX
2022-04-06 15:11
News
What Is Forex Trading and How It Work in South Africa?

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

花香
more than one year
They are scammers. They operate on many social networks to get you to think that they recommending a forex trader and are so happy with what they get out of it. But the fact is that they are scammers. They only stole money from innocent traders.
2023-02-24 14:12
Reply
0
0
凯蒙来了
more than one year
No matter how many times you ask them for a withdrawal, they will not return your money. The only you can do is learn some lessons from them. Never put trust easily in any unregulated brokers!!!
2023-02-14 15:22
Reply
0
0
FX1070090082
more than one year
This HD Markets maliciously manipulates the market to trigger losses for you. They are just a group of greedy thieves trying to steal your money. Even today, my $2246 in my mt4 trading account still cannot be withdrawn. Support is never online. DISGUSTING CHEATERS!
2022-12-01 17:25
Reply
0
0
2
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com