Minimum deposit – 20$
Leverage: from 1:1 to 1:1000
Demo: there is limited in the absence of activity ( 30 days)
Spread: 0 items floating in ECN
|Address||Trust House, 112 Bonadie Street, Kingstown, POB613 Saint Vincent and the Grenadines; firstname.lastname@example.org; phone number: +44 3308 280 893|
The international ECN broker HiWayFX started its work in 2014 with opening its office on Saint Vincent and the Grenadines. The small and ambitious company set the introduction of high-speed ECN connection as its goal, which gave an opportunity to create a qualitative business model without any conflict of interest. Soon another office on Cyprus has been opened and it let the company get closer to European traders; and, as the HiWayFX clients’ feedbacks show, it was worth doing.
To confirm an effective work structure and show the clarity of mechanisms, the HiWayFX broker became aware of a regulation question. At the moment, as it was fairly noticed by the representatives of the company, it is very important for a trader to know that his facilities are secured and brought out to the Forex market by a broker, whose activity meets the high world standards.
For this reason HiWayFX has got the FCA certificate for its office on Saint Vincent and the Grenadines; and the work on Cyprus, as it is well known, cannot be executed without the license of CySEC – the Cyprus Securities and Exchange Commission that controls the compliance of work in all financial companies with strict norms of the European legislation. The clients’ feedbacks show that such an approach to the regulation and the broker’s wish to become maximally prosaic was duly appreciated by them.
When visiting the official website of HiWayFX, you can see that the variety of accounts is rather impressive and the clients can choose:
* Standard NDD;
* ECN NDD;
* Zulu Trade;
* Demo Standard;
* ECN NDD Demo.
For natural reasons, especially popular are the first two kinds of account - Standard NDD и ECN NDD, where traders can carry on independent active trade, what they are willingly doing, according to the feedbacks. A minimal deposit on both accounts makes makes out a moderate amount: 20 USD or 20 EUR as you can choose one of them as a share dealing account currency.
The MyFXbook and Zulu Trade accounts will suit better to the traders that love increasing their capitals passively becoming a kind of Forex investors; and the two variants of training accounts Demo Standard и ECN NDD Demo will allow appreciate the trading conditions offered by the HiWayFX trader without putting up real facilities.
As the main trading terminal for active trader there is the beloved of all MetaTrader4, which is presented in a PC version and two varieties for mobile devices: MT4 Android and MT4 iOS, and where, as it is shown by the feedbacks, the HiWayFX programmers have offered a lot of interesting functions.
The trading platform executes the orders in the shortest time possible and with minimal time lagged, which allows working confidently during the news or by using scalping strategies. It should be noted that such trading approaches can be conveniently used only on ECN NDD, where the maximal leverage level is 1:300 for Forex tools. In comparison, Standard NDD offers to use 1:500 but doesn’t allow scalping, and during the news one can get requites and not get to the market.
The ECN broker HiWayFX offers over 80 trading tools, among which the traders can choose the work with:
* Major, minor and cross-currency pairs;
* It is possible to trade oil by the brands USCrude oil and UKBrent;
* There is trading with the 9 most important world indexes;
* And the list is completed with precious metals; HiWayFX offers gold, silver, platinum and palladium for earning.
The oil trade is being carried on on the spot market, it means, momentary and termless, which is unlike the work with futures and forwards, where a tool has defined dates of expiration that must be taken into account when choosing the time of trading.
The HiWayFX broker offers a service of the PAMM and MAM accounts, the last of which will be a perfect solution for financial managers that use MT4 and speculators who like working with expert advisors.
Professional managers will definitely appreciate the high level of service offered by the HiWayFX broker as the work with the multi-account software allows controlling any technical moments of open and placed orders in a convenient way, up to the possibility to set up the parameters of the targeted commission etc.
It will be quite useful for the beginning traders to visit the “Instruction” section, where there are two subsections: “Webinars” and “Video Lessons”. The last one will be very interesting for the newcomers as here the phased steps for mastering the trader’s profession are presented. All materials are divided into categories, what allows finding the information quickly for filling gaps in the knowledge, when any difficulties come out; this allows acting confidently and effectively in real conditions of Forex.
Beside the general data about the functioning of a trader, broker and international exchange market there are certain recommendations for the trading strategies; each of them can become a basis for getting good and constant profits. Also very interesting for studying can be a special e-book created in form of a convenient online app and providing an idea of all general moments of the trader’s actions.
Among the ways of replenishments one can meet the traditional bank transfers, payments with plastic cards and by electronic systems, among that there are no WebMoney or Yandex Money popular with Russian traders; but the deposit of trading funds using Qiwi or a new convenient electronic payment system Okpay is supported. The HiWayFX also allows using for transfers the popular world systems Skrill, Neteller, Egopay and others.
To withdraw funds easily in the short time one will obligatorily have to go through the verification procedure and upload the scanned personal documents as it is required by regulators in accordance with the law.
For the traders that want to provide the uninterrupted work of trading experts or wish to reduce the break maximally, there is the service of renting virtual servers located all over the world. The price for such service makes out the moderate $100 for a month, which is very little in comparison with the average prices for this kind of offers. To make sure of it, it is enough to read the feedbacks left by pleased clients of HiWayFX.