Hadwins Capital Review
Hadwins Capital Review
Like most brokers, Hadwins Capital offers its clients a choice of several account types: Micro, Standard & Premium. All of them offer market execution with no requotes and leverage up to 1:100.
Both Micro & Standard account types offer commission-free trading, while the Premium involves a commission. Micro lots available for trade on the Micro account for those unwilling to trade in large volumes and expose themselves to greater risk. Of course, demo practice accounts are provided as well.
This broker, however, does not provide managed account solutions, such as PAMM/MAM accounts, nor Islamic (swap-free) service to Muslim clients, who would not earn or pay interest for religious reasons.
The Company. Security of Funds
Hadwins Capital is a No Dealing Desk (NDD) broker providing online trading services in about 40 currency pairs, as well as Contract for Differences (CFDs) on world’s most actively traded Stock Indices, popular commodities & precious metals through most popular trading platform, MetaTrader 4.
Hadwins Capital is the trading brand of Hadwins Capital Capital Ltd., a Manchester-based company, which is authorized and regulated by the Financial Conduct Authority (FCA).
FCA regulation its famous for being among the strictest in the EU. To acquire a license from the UK financial watchdog, UK-based brokerages have to provide proof of financial stability and to meet various requirements. For example, clients` funds shall be kept in segregated bank accounts, separated from the company operating funds.
Moreover, brokers must hold a minimum of €730 000 net tangible assets in order to prove their good financial standing and to operate legitimately.
Probably the most important thing in relation to FCA regulation is the fact that it involves a compensation scheme in the event that a licensed broker becomes insolvent. The Financial Services Compensation Scheme (FSCS) provides a maximum compensation cover of £50,000 per person.
Minimum Initial deposit
Minimum initial deposit with Hadwins Capital is $50, which is a comparatively low amount to start with. In comparison, HY Markets also requires $50 from clients in order to start trading, and leading broker FxPro – $500.
Spreads & Commissions
Hadwins Capital offers variable spreads, starting from 1.6 pips on EUR/USD on the Standard commission-free account, which is average for the forex market. Tighter spreads, starting from 0.6 pips on EUR/USD are provided on Premium account, however they involve a negotiable commission, based on the volume traded.
In comparison, Trading212 offers variable spreads amounting to 0,9 pips on EUR/USD on its commission-free accounts, while FxPro charges $4.5 per lot and offers average spreads as low as 0.4 pips on the EUR/USD for its cTrader accounts. You may look up real-time spreads of 15 leading brokers here.
The maximum leverage available to Hadwins Capital clients is just 1:100, while most FX brokers offer at least 1:200. FxPro, for example, provides leverage up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.
Leverage ratios of 1:100 are deemed low or at least mediocre, however we would like to remind traders that high leverage levels involve higher risk, not only the probability of multiplied profits earned on a small deposit. Trading on margin may lead to heavy, exceeding initial investments.
Clients of Hadwins Capital are offered access to the most commonly used FX trading platform, Metatrader 4 (MT4).
MT4 is globally popular for its innovative, on the go trading capabilities, advanced charting, extensive back-testing environment and automated trade options with Expert Advisor strategies (EA). Not to mention its fast and user-friendly technology, designed to let you trade with ease. Hadwins Capital offers a range of MT4 platforms for both Windows, Mac Operating Systems and different Mobile Applications. Here is a list of more forex brokers offering MT4 platform.
What is more, the broker has developed an enhancement of the MT4, called MyHadwins account management tool. It enables users to manage their account, make deposits, withdraw and transfer funds, check their trading history and manage their personal information.
Methods of Payment
Clients of Hadwins Capital can make deposits to and withdrawals from their accounts via bank wire, credit/debit card, and e-wallets, such as Skrill & SafeCharge.
The accepted currencies are: USD, EUR and GBP.
Hadwins Capital is a relatively young broker with strong regulation, whose offerings under the STP/ECN model seem quite decent.
Hadwins Capital Review Conclusion
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