HighFX Review

HighFX was a forex broker that was established by a team of successful traders and is operated within the United Kingdom. Their vision is to make a difference for their traders by creating a unique relationship and to provide information and strategies to help them succeed. With a high-quality customer support team behind them, HighFX is confident that they can achieve this. That is what the website says, we will be looking into the services on offer to see if this is achieved.To get more news about highfx, you can visit wikifx.com official website.

5 different accounts are available from HighFx, these are the Standard, Gold, Platinum, Diamond and Islamic accounts. We will take a little look at each as they each have their own requirements and conditions.

Standard Account: This entry-level account comes with spreads starting from 1 pip, it also has a leverage range between 1:5 – 1:400. Hedging is allowed and swaps are present on the account. There is a deposit bonus of 15% and it has access to fast and safe withdrawals. You can get support from a personal investment expert and access to forex analysis. This account comes with 24/5 support and also has access to forex training and the WebTrader and mobile applications.

Gold Account: The Gold account reduces the spreads slightly as they now start at 0.8 pips, the account has the same leverage range of 1:5 – 1:400 and hedging is allowed. Swap charges are present and there is an investment bonus of 20% available. The account offers high lot refunds along with fast and safe withdrawals and access to a VIP investment expert. The account received WhatsApp signal and analysis support as well as live trading sessions, dealing room access, 24/5 customer support and access to the EbTrade rand mobile trading platforms.
Platinum Account: The Platinum account reduces the spreads further as they now drop down to a starting level of 0.5 pips. Leverage remains the same between 1:5 and 1:400 and hedging and swaps are both allowed and present. There is a bonus of 30% available and the account offers high lot refunds as well as fast and safe withdrawals. You are able to contact the VIP investment expert, the account also receives WhatsApp signals and analysis support as well as live trading sessions, dealing room access, 24/5 customer support and access to the WebTrade rand mobile trading platforms.

Diamond Account: The Diamond account is the top tier account on offer from HighFx and so the spreads are further reduced down to 0.1 pips. Leverage remains the same between 1:5 and 1:400 and hedging and swaps are both allowed and present. There is a bonus of 30% available and the account offers high lot refunds as well as fast and safe withdrawals. You are able to contact the VIP investment expert, the account also receives WhatsApp signals and analysis support as well as live trading sessions, dealing room access, 24/5 customer support and access to the WebTrade rand mobile trading platforms.

Islamic Account: The Islamic account seems to be similar to the Standard account except for the fact that it has no swap charges. It has a spread starting from 1 pip and leverage between 1:5 and 1:400. Hedging is allowed and there is a bonus of 15% available. Withdrawals remain fast and secure and there is access to a personal investment expert, along with access to forex analysis and 24/5 customer support. The account can use both the WebTrader and the mobile platforms to trade.
WebTrader: Features of the WebTrader include trading through your browser easily, enables creating a favorites list, so traders can easily access their preferred assets. Easily trading option for your preferred investing assets. Live Stream Technology, a unique live feed that gives instant information and insights about market events and mass trading behaviors. This option also allows traders to get real-time notifications about important financial events or news directly on the platform. Cashback Bonus Program, a Bonus program that enables customers to earn for every position they open. Traders can easily see how much they can earn on the related assets box. The Web Trader platform enables access over all browsers without downloading. Trading Central signal and analysis access and 7 language options.

Mobile Application: The Mobile Forex Application includes all the features of the desktop platforms but with an intuitive interface so you can trade in the quickest possible and most comfortable manner. The main advantage of mobile, in general, is that it is made as simple as possible in order to accommodate our fast-paced lives. Efficiency is a must and most people want to utilize their spare time in the best possible way. By trading with your mobile device, you will be able to actively participate in the world of Forex trading, no matter where you are – on holiday, on a business trip, waiting in a long queue or just during your lunch break.

Trade Sizes
Trading sizes start as low as 0.01 lots and go up in increments of 0,01 lots so the next trade would be 0.02 lots and then 0.03 lots. We could not locate information regarding the maximum trade size, however, we would not recommend trading more than 50 lots as it can become harder for the markets and liquidity providers to execute trades quickly and without commission the bigger they are.

Trading Costs
The majority of the accounts use a spread based system so there is no added commission. It is not clear if this is for all accounts as there is no mention of any commissions on the accounts comparison page or within the terms of service. So we can not comment on any potential commissions.

Swap charges are present on all account types apart from the Islamic account, there are charges for holding trades overnight and can be either negative or positive. These can often be viewed from within the trading platform you are using. There is also a dormancy fee of 10% of the account balance for not trading for an extended period of time.