Hk-markets Review 2023 – Is it scam or is it legit?
| General Information | |
|---|---|
| Broker Name: | Hk-markets |
| Broker Type: | Forex & CFDs |
| Country: | N/A |
| Operating since year: | N/A |
| Regulation: | N/A |
| Address: | N/A |
| Broker status: | Active |
| Customer Service | |
| Phone: | N/A |
| Email: | Support@Hk-markets.com |
| Languages: | English |
| Availability: | 24/7 |
| Trading | |
| The Trading platforms: | Proprietary |
| Trading platform Time zone: | N/A |
| Demo account: | No |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | Yes |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit: | $0 |
| Maximal leverage: | 1:400 |
| Spread: | Floating From 0.0 Pips |
| Scalping allowed: | Yes |
Welcome to our comprehensive Hk-markets review! If you’re in search of a reliable and experienced online CFD broker, you’ve come to the right place. The broker has been catering to traders for the past 9 years, establishing itself as a trusted name in the industry.
One of the standout features of the broker is its extensive range of tradable assets. With over 200 assets available, including currencies, commodities, stocks, and indices, there is no shortage of opportunities to diversify your trading portfolio. Whether you’re an experienced or new trader, the broker offers a wide selection to suit your investment preferences.
In terms of user engagement, the company boasts an impressive number of active monthly users, surpassing 24,000. This high level of activity speaks volumes about the platform’s popularity and reliability. It’s always reassuring to see a broker with such a thriving community of traders.
One of the notable advantages we noticed for our Hk-markets review is its fee structure. Unlike many other brokers, the broker operates on a commission-free model. This means you can trade without the worry of additional costs eating into your profits. It’s a refreshing approach that enhances the overall trading experience.
In the following sections of this review, we will delve deeper into the platform’s features, trading tools, customer support, and more. So, let’s continue our exploration of the broker and see what it has to offer.
Hk-markets Review: Is it Safe to Invest With?
Safety is of crucial importance when it comes to choosing a CFD broker, and Hk-markets prioritises the safety of its traders. The platform follows industry-standard security procedures to provide a secure trading environment.
The broker implements advanced encryption technology to safeguard sensitive data, ensuring that your personal and financial information remains protected. Additionally, the broker conducts thorough verification processes to verify the identity of its users, adding an extra layer of security.
As we already noted in our Hk-markets review, it’s diligent regarding user security. As such, it carries out KYC (Know Your Customer) checks. These checks include procedures such as Customer Due Diligence (CDD), Anti-Money Laundering (AML), and Counter-Terrorist Financing (CTF) measures. By adhering to these regulations, the broker helps prevent fraudulent activities and promotes a trustworthy trading ecosystem.
Another commendable aspect of Hk-markets is its commitment to transparency. The broker operates in a straightforward and honest manner, ensuring that information is conveyed truthfully to its traders. This transparency builds trust and allows traders to make informed decisions about their investments.
With a strong focus on security, compliance with industry regulations, and a commitment to honesty, hk-markets.com provides a safe and reliable trading environment. In the next sections, we will explore more aspects of this broker, including its accounts, trading platform, and additional features that contribute to its overall appeal.
Hk-markets Review of Accounts
The broker adopts a tiered, deposit-based account structure, which provides traders with a fair and straightforward approach to account management. This system ensures that your account level is determined by your cumulative deposits, eliminating the need for additional spending to secure a higher-tier account.
The advantages of this approach are two-fold. Firstly, it allows all traders, regardless of their initial deposit, to access the full range of features and benefits offered by the broker. Whether you are starting with a modest investment or have a larger trading capital, you can enjoy the same comprehensive set of tools and resources.
The second of the two advantages we mentioned in our hk-markets.com review is that it takes a responsible approach to leverage. As account levels increase, leverage ratios are adjusted accordingly. This means that while leverage may increase, other features and resources are always maximised, irrespective of the account tier. This approach is particularly beneficial for traders on limited budgets, as it prevents them from risking too much capital and promotes a more controlled trading experience.
By ensuring that traders have access to a full suite of features and tailoring leverage based on account levels, the broker maintains a balanced and inclusive trading environment. This account structure allows traders to progress and upgrade their accounts organically as they accumulate more deposits and experience growth in their trading journey.
In the following section of our Hk-markets review, we will lay out the exact leverage you can expect, depending on the accounts you’ve chosen.
Account specifications at hk-markets.com
Beginner
- Deposit: £0
- Fx Majors leverage 1:50
- Fx Exotics leverage 1:25
- Commodities leverage 1:5
- Indices leverage 1:5
- Stocks leverage 1:5
- Crypto leverage 1:1
Basic
- Deposit: £2.500
- Fx Majors leverage 1:50
- Fx Exotics leverage 1:25
- Commodities leverage 1:5
- Indices leverage 1:5
- Stocks leverage 1:5
- Crypto leverage 1:2
Student
- Deposit: £10.000
- Fx Majors leverage 1:100
- Fx Exotics leverage 1:50
- Commodities leverage 1:10
- Indices leverage 1:10
- Stocks leverage 1:10
- Crypto leverage 1:3
Bronze
- Deposit: £25.000
- Fx Majors leverage 1:200
- Fx Exotics leverage 1:100
- Commodities leverage 1:20
- Indices leverage 1:20
- Stocks leverage 1:10
- Crypto leverage 1:4
Silver
- Deposit: £50.000
- Fx Majors leverage 1:300
- Fx Exotics leverage 1:200
- Commodities leverage 1:50
- Indices leverage 1:50
- Stocks leverage 1:15
- Crypto leverage 1:5
Gold
- Deposit: £100.000
- Fx Majors leverage 1:400
- Fx Exotics leverage 1:300
- Commodities leverage 1:100
- Indices leverage 1:100
- Stocks leverage 1:50
- Crypto leverage 1:6
Platinum
- Deposit: £250.000
- Fx Majors leverage 1:500
- Fx Exotics leverage 1:400
- Commodities leverage 1:200
- Indices leverage 1:250
- Stocks leverage 1:100
- Crypto leverage 1:7
VIP
- Deposit: £500.000
- Fx Majors leverage 1:500
- Fx Exotics leverage 1:400
- Commodities leverage 1:200
- Indices leverage 1:250
- Stocks leverage 1:100
- Crypto leverage 1:8
Hk-Markets Top member
- Deposit: £250.000
- Fx Majors leverage 1:500
- Fx Exotics leverage 1:400
- Commodities leverage 1:200
- Indices leverage 1:250
- Stocks leverage 1:100
- Crypto leverage 1:9
Hk-markets’ Platform
As we noted earlier in our Hk-markets review, it runs on customer trading software. The platform offers a seamless and intuitive experience for traders of all levels. With its user-friendly design and extensive analytical capabilities, the platform empowers traders to make informed decisions and execute trades with confidence.
The broker understands the importance of equipping traders with the necessary knowledge and skills to succeed. That’s why it goes the extra mile by offering a full introduction to the trading platform on its website. Even before signing up, users can explore and familiarise themselves with the platform’s features, tools, and functionalities. This level of transparency and accessibility demonstrates the company’s commitment to empowering traders and enabling them to make informed choices.
Another thing we would like to mention in this bit of our hkmarkets.com review is that it provides a wealth of educational resources that users can access for free. These resources cover a broad topic range, including market analysis, risk management, and more. Whether you’re a novice trader or an experienced professional, these educational materials can enhance your trading knowledge and skills, helping you stay ahead of the game.
By offering a user-friendly platform with robust analytical capabilities and providing comprehensive educational resources, the broker ensures that traders have the necessary tools and knowledge to thrive in the dynamic world of online trading.
Hk-markets Review Conclusion
Hk-markets emerges as a reliable and customer-centric online CFD broker. With over 9 years of experience and a diverse range of over 200 tradable assets, it offers traders ample opportunities to diversify their portfolios and explore various markets.
The broker’s commitment to security is evident through its implementation of industry-standard safety measures, such as encryption, verification procedures, and fund segregation. By conducting thorough KYC checks, including CTF and AML protocols, the broker ensures a safe and balanced trading environment for its users.
And as we said before in our Hk-markets review, its tiered, deposit-based account structure eliminates the need for additional spending. That allows all traders to access the same comprehensive set of features and resources. The responsible approach to leverage, increasing it as accounts progress, ensures that users can maximise their trading potential while maintaining risk management.
The platform itself stands out for its user-friendly design and powerful analytical capabilities. Coupled with the broker’s commitment to education, providing a full introduction to the platform and a wealth of free educational resources, Hk-markets equips traders with the knowledge and tools necessary for success.
Considering the broker’s strengths in security, account structure, platform functionality, and educational resources, we highly recommend this broker to traders seeking a reliable and transparent trading experience. Whether you’re a beginner or an experienced trader, Hk-markets offers the support and opportunities needed to thrive in the ever-changing world of CFD trading.
