HVTrader offers its clients two basic account types – Stannard & Pro. Both accounts provide variable spreads and leverage up to 1:400 on the industry’s standard MT4. Micro tradeable lots are available on the Standard account only, which is commission-free. The Pro account, on the other hand, offers tighter spreads, but commission fees are charged.
However, HVTrader’s typical spreads amount to 1.8 pips for the EUR/USD pair, which is above the average for the market (1.0 – 1.5 pips for this pair). For further information and comparison, you may check out real-time spreads of 15 leading brokers here.
The trading costs on the Pro accounts offered by HVTrader seem lower, however there is no information about the minimum initial deposit to open such an account and we presume that this amount is quite high. And we do not recommend investing too much money with offshore brokerages.
The Company. Security of Funds
HVTrader claims to be a STP brokerage, offering online trading in a wide range of financial assets on the popular MetatTrader 4 platform.
Behind the brand is HVTrader Ltd., a company licensed in Vanuatu. We keep reiterating that one of the most important things to look for in a forex brokerage is proper regulation. And brokerages registered offshore, in Vanuatu, Belize or elsewhere, are not really regulated, no matter what they claim. Investing with an offshore broker is a risky business and that is why we advise traders to select among companies licensed by the respective authorities in the UK, Australia or Cyprus, for example.
HVTrader supports the ever popular MetaTrader 4 (MT4), available as a desktop and mobile versions.
MT4 was launched more than 10 ago and has proved to be stable, easy to use and professional trading platform. It has many functionalities and add-ons that have been developed over the years – most notably Expert Advisors, which allow full automatization of trades, and technical analysis indicators.
Methods of Payment
Clients of HVTrader are offered the following payment modes: credit cards, bank wire transfers, and e-wallets Skrill, and China UnionPay.
HVTrader is an forex and CFD broker that supports the industry’s standard MT4 platform. We do not reccomend it, as the company behind the brand is registered offshore and besides we find its spreads above the average for the industry.
HVTrader Review Conclusion
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