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HQ Broker review and ratings

Established 2017
Location Marshall Islands
Regulation None
Offices Majuro, Hong Kong
Broker type STP | ECN
Leverage up to 1:400
Deposit from 250 USD
Spreads mid  mid
Platforms Web MetaTrader 4
Instruments Currencies Indices Metals Energies Softs Stocks Bonds
Funding methods Wire Transfer Credit Cards

Company information

HQ Broker is a legally registered entity located in the Marshall Islands, but not regulated by any government agency.

Availability

HQ Broker accepts clients from all over the world, excluding USA, France and Hong Kong.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

50+ Currency Pairs Based on major and minor world currencies.
15 Indice Futures Based on baskets of different blue-chip stocks and US Volatility Index.
2 Metal Spot CFDs Based on Gold and Silver.
3 Metal Futures Based on Platinum, Palladium and Copper.
5 Energy Furures Based on Crude Oil (WTI, Brent), Heating Oil, Gasoline and Natural Gas.
9 Soft Futures Based on Cocoa, Coffee, Corn, Cotton, Rice, Soybean, Sugar, Wheat and Live Cattle.
4 Bond Futures Based on US and German government securities.
500+ Stocks CFDs Based on shares of US, UK and EU companies.

Comprehensive review

HQ Broker is an offshore-based forex & CFD broker registered in both Hong Kong and Majuro in the Marshall Islands. As of 2018, the broker is not regulated by any government regulator, which means traders should do their own due diligence to make sure this is a broker they fully trust before depositing money with it.

However, there are still a lot of advantages to trading with offshore brokers, including this particular one. As with all offshore forex brokers, available trading leverage is much higher than what would be possible to get as a retail client from brokers based in Europe or Australia. In HQ’s case, leverage goes up to a maximum of 1:400 for all clients, regardless of where they are based.

In addition, HQ Broker offers an unusually large selection of CFDs based on individual stocks, with more than 500 such instruments available for trading. HQ also offer more than 50 currency pairs to choose from, ranging from majors, minors, and exotic pairs, a long range of stock indices, metals, commodities, and even government bonds.

As far as trading platforms goes, HQ Broker has made the traditional choice of going with the popular MetaTrader 4 (MT4) platform, offered in desktop, web (dubbed “HQ Web Trader” by the broker), and mobile versions. Unfortunately, there are no other trading platforms available to choose from at this time.

The broker further offers 5 different account types for clients to choose from:
– Starter
– Silver
– Golden
– Platinum
– Investor

The minimum deposit requirements to start trading increase gradually depending on the account type a trader wishes to sign up with, starting from USD 250 for the Starter account to USD 100,000 for the Investor account. In addition, the more elite account types Golden, Platinum, and Investor also comes with fixed spreads as opposed to floating spreads for the lower-level accounts. These accounts also offer more free access to relevant market analysis, as well as 24-hour customer support.

HQ Broker handles deposits and withdrawals with major debit and credit cards, as well as international bank transfer (SWIFT), and the popular cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. The broker does not charge any additional fees for processing deposits and withdrawals other than what may be charged by the payment provider. The minimum withdrawal amount via bank transfer is USD 50, while via debit or credit card it is just USD 0.01.

The broker has a whole section on its website dedicated to educational resources for traders. This includes a large library of video courses on virtually everything related to trading, including technical and fundamental market analysis, trading psychology, trading strategies, signals, and how-to guides for various technical indicators. The educational section also includes free ebooks on topics like CFD and crypto trading, which would certainly be helpful for new traders in these assets.

In terms of customer service, HQ Broker has provided local phone numbers for a range of countries and regions to make it easier for clients from around the world to get in touch with support. Customer support can also be reached via email or a live chat option on the broker’s website that is open 24 hours a day on trading days.

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