- June 30, 2019
- Posted by: Michael
- Category: CFD brokers
HWFX is an STP CFD Broker that features on its trading platform CFDs on Forex, Spot metals, shares, indices. HWFX is a subsidiary company of Holiway Investments Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. This company also runs 10tradeFX, a broker with an almost identical offer to HWFX.The minimum spread is for EUR/USD 1.5 pips*, real trading is possible with the minimum deposit of $200. The HWFX website is available only in English.
What do we cover in our HWFX Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.HWFX.eu
- Leverage: up to 1:30
- Instruments: CFDs – Forex (37), Spot metals (gold, silver), shares (13), indices (10),
- Minimum deposit: $200 (accounts held in USD, EUR, GBP)
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Bank wire, Neteller, Skrill, Nganluong, 4Cash
HWFX Trading Platform
For FX and CFD trading, HWFX offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The trading platform gives access to 62 trading instruments. HWFX supports hedging and according to the broker, the average trade execution time is 85 millisecond.
As any other CFD broker, HWFX charges a spread fee. For the most current spread charges, please visit the HWFX.eu website. Here is a spread comparison table that contrasts HWFX spreads with popular industry competitors.
*Minimum spreads recorded on 30.05.2019 at 22:28 GMT, spread charges were taken from the website of the broker. **Spreads recorded on 31.05.2019 at 8:23 GMT from the trading platform of the broker.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce HWFX.
- Hedging allowed
- Low number of CFDs (a very few stocks and commodities, no cryptos)
To sum up the HWFX Review
HWFX adheres to strict regulatory guidelines of the CySEC. The minimum spreads are at HWFX quite attractive, what are the actual/avarage spread charges is, however, unknown to us. The amount of available CFDs is not particularly attractive, especially when we look at the number of tradable stocks and indices (not to mention there are no CFDs on a single cryptocurrency).
Your review can make a difference to other traders, please leave a comment if you have any personal experience with HWFX.
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