Note: HighFx's official website: https://www.highfx.com/ is currently inaccessible normally.
HighFx is an unregulated brokerage company based in Bulgaria. It claims to offer forex pairs, CFDs, indices, commodities, stocks, and cryptocurrencies trading via a web-based platform and the industry-leading MetaTrader4.
Pros and Cons
Is HighFx Legit?
At present, HighFx lacks valid regulation. Its domain was registered on June 27, 2013, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on HighFx?
HighFX offers more than 300 tradeable instruments to its clients. Among these are numerous forex pairs and a variety of CFDs on indices, commodities, stocks, and cryptocurrencies.
Account Type
HighFx provides four types of accounts: Standard, Gold, Platinum, and Diamond. Moreover, it also offers Islamic swap-free accounts.
Leverage
The maximum leverage is 1:400 for all account types. However, please note that high leverage can amplify both profits and losses.
Spreads & Commission
This broker asserts that it provides tight spreads and commission-free trading. Specifically, HighFX claims that holders of Standard accounts can trade with spreads averaging 1.4 pips on EUR/USD.
Trading Platform
HighFx offers a web-based platform and MetaTrader4 for clients. However, it seems that HighFX does not offer downloadable desktop MT4, but only mobile apps for iOS and Android.
Deposit and Withdrawal
HighFX provides some bonuses, but note that these bonus funds are non-deposited funds and also include any profits obtained due to or derived from them. These funds are not regarded as the client's money and are not available for immediate withdrawal.
Moreover, clients of HighFX can make a withdrawal free of charge once a month. Any additional withdrawals are subject to a withdrawal fee of 30 USD, EUR, or GBP depending on the trading currency.
