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The data are from WIKI Research 2021.09.29 updated
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Basic Information & Regulation
HD Markets is a Forex and CFD broker based in South Africa and is not currently subject to any active regulation.
Safety Analysis of HD Markets
The prerequisite of measuring the safety of a broker is to see if it is formally regulated.
HD Markets is currently an unregulated broker, which means that the safety of clients' funds and trading activities on the HD Markets platform are completely unprotected compared to those regulated by the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.
So Far, we only know that investors can trade Forex currency pairs with the HD Markets, and other instruments are not fully disclosed.
Accounts & Leverage of HD Markets
HD Markets offers its clients USD accounts and ZAR accounts. Additionally, the maximum leverage offered by HD Markets is 1:1000.
Spreads & Commissions of HD Markets
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 Available of HD Markets
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 and Withdrawal of HD Markets
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.
Pros & Cons of HD Markets
The main advantages of HD markets are:
1. MT4 trading platform
2. The availability of demo accounts
The main disadvantages of HD markets are:
1. Not subject to any regulation
2. No real-time customer support
3. Spreads not competitive
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.