General Information & Regulation
HWG Securities is a retail trading broker that offers over 80 financial instruments — forex, precious metals, cryptocurrencies, bonds, and more — for trading online via the MetaTrader 4 trading platform. Operating from Kingstown, Saint Vincent and the Grenadines, there is no regulatory information on the brokers website at the moment.
HWG Securities offers the following trading instruments: forex, metals, bonds, cryptocurrencies.
Clients can choose the account type that best suits their individual trading objectives from a choice of two live trading accounts: the Standard Account (with a minimum deposit of $15) and the ECN Account (with a minimum deposit of $2,000).
HwgSecurities offers leverage as high as 1:1000, but because we strongly doubt their credibility – they have no license and this is a major issue.
Spreads & Commissions
As for the trading conditions, as tested with a demo account, the benchmark EURUSD spread floated about 0,7 pips, which along with the fact that no trading commission is taken, looks really attractive. Still, no matter how attractive the trading conditions might look, you should always remember that the safety of your funds comes first.
Trading Platform Available
HWG Securities gives traders access to trade on the MT4 trading platform, a user-friendly trading platform that was developed in 2005. The platform allows its users to trade all the available financial instruments with ease.
All deposit and withdrawal requests are processed through credit/debit cards (Visa and MasterCard). Some popular e-wallets including PayPal, Skrill, Neteller, POLi, Sofort, FasaPay, GiroPay, iDeal, PerfectMoney are not available. Our general advice when dealing with online brokers, however is to use your VISA or MasterCard, because that way you will have the option to file for a charge back in case you realize you have been scammed. Similar option is available with some of the major e-wallets like PayPal, Skrill and Neteller. Otherwise, if you pay with bitcoins or other crypto coins like Ethereum or Monero, you will not be able to reverse the payment if needed, and that is exactly the reason why scammers prefer to receive your deposits in crypto coins.
HWG Securities‘ customer support team is available 24/7 to respond to all clients’ trading inquiries, and they can be reached via the following contact channels: telephone, email, Live Chat, online form, and social media.