General Information & Regulation
Henordy Foreign Exchange (Henordy) is a London-based provider of foreign exchange trading and related services. It offers trading in currency pairs, CFDs and precious metals on the widely used MetaTrader 4 platform. The company is registered in the UK as a private limited company (dormant), but is not authorized to provide financial services by the FCA. Instead, the broker is registered as a commodity pool operator (CPO) and commodity trading advisor (CTA) with US Commodity Futures Trading Commission (CFTC) and NFA. Henordy Limited is a provider of foreign exchange (Forex) trading and related services to traders and individual customers globally.
Market Instruments
Trading instruments on offer at Henordy includes Forex, Forex market is the largest and most liquid financial market in the world with trillions of dollars exchange hands each day, Since the exchange rate is constantly fluctuating, one can find many trading opportunities in the Forex market. HENORDY provides 1:100 leverage.
Also the Precious Metals, The trading and holding of physical precious metals by individual investors as a long-term investment have gained popularity in recent years. And the other instrument is CFD, CFDs provide investors with many of benefits and risks of owning a security without actually owning the goods or securities with leverage up to 100:1.
Account & Leverage
Henordy offers a single forex trading account with variable spreads, leverage up to 1:100, and the option to trade in micro lots. It claims to offer STP execution.
The minimum initial deposit required by Henordy is average, amounting t0 $100.
Spreads & Commissions
The spreads offered by this broker amount to around 3.3 pips for the EUR/USD on average, while most brokers provide spreads within the range of 1.0 – 1.5 pips for this pair. In comparison, forex brokerage HYCM (holding multiple licenses, including from FCA) offers fixed spread of 2 pips on EUR/USD, and one can open an account with $100.
Trading Platform Available
Henordy offers MetaTrader 4 as the platform for trading Forex, analyzing financial markets and using Expert Advisors. It is the most popular Forex trading platform. Millions of Forex traders with a wide range of needs to trade in the market. MetaTrader 4 offers ample opportunities to traders of all skill levels. It provides advanced technical analysis, flexible trading system, algorithmic trading and Expert Advisors, as well as mobile trading applications.
Deposit & Withdrawal
Clients of Henordy may use bank wire transfer, debit/credit cards, as well as China UnionPay as payment methods.
Clients can also request for a withdrawal from the Broker through the available payment method.
Customer Service
Henordy provides support to their clients upon request, although the Broker doesn't offer a live chat or contact number, but can only be contacted through email.
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