Overview of HXQNA
HXQNA FOREX TRADING LTD, founded in 2000 and based in the United States, operates under the regulation of the United States National Futures Association (NFA). This broker offers forex, precious metals, energy, global indices, stocks, CFDs, and cryptocurrencies. HXQNAs platform allows management of diverse assets within a single account, and claims to support high leverage and competitive spreads. It provides demo accounts with up to $100,000 in virtual capital, facilitating risk-free practice for traders.
Pros and Cons
Is HXQNA legit or a scam?
HXQNA is an unregulated broker.
Market Instruments
- Foreign Exchange: HXQNA provides up to dozens of mainstream foreign exchange currency pairs, including popular pairs like EUR/USD, USD/CAD, and GBP/USD.
- Precious Metals: Clients can trade spot precious metals such as gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: The platform offers trading in US crude oil (USOIL).
- Indices: HXQNA provides access to major global indices, including the Hong Kong Hang Seng Index (HK50), German Index (GER30), and S&P 500 Index (US500).
- Cryptocurrency: The broker offers trading in various digital currency pairs, including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
- Stocks: Clients can trade CFDs on high-profile stocks such as Apple, Microsoft, Alphabet Inc., and Facebook.
Account Types
HXQNA offers three account types:
- Comprehensive Account: Enables 24/7 CFD trading with HXQNA's proprietary composite index, which closely mimics real market movements, offering a comprehensive trading experience.
- Finance Account: Ideal for trading forex, commodities, and cryptocurrencies with high leverage. It supports both large standard transactions and microcurrency pairs, accommodating different trading strategies.
- Financial STP Account: Focuses on straight-through processing (STP) trading. It benefits traders in markets where the trade volume of currency pairs with smaller spreads has surged, suitable for both major and minor trades.
The demo account includes up to $100,000 in virtual funds, ideal for those looking to hone their skills without financial risk.
Spreads & Commissions
With base trading spreads starting as low as 0 pips, the broker claims to feature highly competitive transaction costs.
Trading Platform
HXQNA offers a comprehensive all-in-one CFD trading platform. Traders can access forex, synthetic indices, stocks, stock indices, and cryptocurrencies all from a single interface. The platform is available on mobile apps, desktop applications, and web browsers.
Customer Support
Email: info@hxqna.com
Educational Resources
HXQNA offers two kinds of educational resources. The economic calendar offers schedules of global economic events, including GDP reports, employment data, and central bank announcements. It features specific dates and times, market impact indicators, and comparisons of previous and forecasted values for economic indicators. Real-time updates have the most current information available. Additionally, HXQNA offers timely news updates to keep traders informed about market developments.
Conclusion
HXQNA, under the regulation of the United States National Futures Association (NFA), offers forex, precious metals, energy, global indices, stocks, CFDs, and cryptocurrencies. The broker facilitates trading through a single account, supported by demo accounts that enable risk-free practice. Despite these advantages, there are potential problems regarding the transparency of non-trading fees, minimum deposit requirements, and leverage information. Additionally, the lack of phone support and unclear commission details could be potential drawbacks.
FAQs
What trading instruments are available at HXQNA?
HXQNA offers a variety of trading instruments, including forex, precious metals, energy, global indices, stocks, CFDs, and cryptocurrencies.
Does HXQNA offer a demo account?
Yes, HXQNA provides a demo account with up to $100,000 in virtual capital for risk-free trading practice.
What trading platforms does HXQNA provide?
HXQNA offers a comprehensive all-in-one CFD trading platform that is accessible via mobile apps, desktop applications, and web browsers.
What types of accounts does HXQNA offer?
HXQNA offers three types of accounts: Comprehensive Account, Finance Account, and Financial STP Account.
What customer support options are available at HXQNA?
HXQNA provides customer support primarily through email at info@hxqna.com.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders.
