ehamarkets
Pros and Cons
Pros
- Diverse trading instruments: forex, shares, commodities, and indices
- Accessible proprietary trading platform
- Multiple customer support channels: email and live chat
- Availability of demo accounts for practice trading
- Flexible deposit and withdrawal options
Cons
- No regulatory oversight or licenses
- Potential risks associated with unregulated trading
- Limited educational resources for traders
- Withdrawal process may face delays
- No support for popular trading platforms like MT4/MT5
Basic Information
User Reviews
ehamarkets Overview
Ehamarkets is a forex broker founded within the last year, operating under the full name Hooya Plus Capital Inc., and is registered in Malaysia. As of now, it does not hold any regulatory licenses, which is an important consideration for potential traders seeking to understand the safety and oversight of their broker’s operations.
Ehamarkets offers a variety of trading instruments, including forex, shares, commodities, and indices. The broker provides access to its proprietary trading platform, allowing users to engage in trading activities with various features that enhance their experience. Customer support is available via multiple channels, including live chat and email, ensuring that traders can receive assistance when needed. However, the lack of regulation and the potential risks associated with trading with an unregulated broker are important factors that traders should take into account when considering Ehamarkets for their trading needs.
Is ehamarkets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No Regulatory Authority | Malaysia | No protection measures available |
Is ehamarkets Regulated and How Are Client Funds Protected?
Ehamarkets is not regulated by any recognized financial authority. This lack of regulation raises significant concerns regarding the safety of client funds, as there are no established investor protection mechanisms in place. Traders should be aware that engaging with an unregulated broker carries inherent risks, including a higher potential for fraud and the absence of oversight that could help safeguard their investments.
Trading Products and Services
What trading instruments does ehamarkets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | N/A |
Ehamarkets offers a diverse range of trading instruments that cater to various trader preferences and strategies. With options across forex, commodities, indices, and stocks, traders can explore different markets to find opportunities that align with their specific trading styles. This variety is particularly valuable for both novice and experienced traders, as it allows for portfolio diversification and the flexibility to adapt strategies according to market conditions. By providing access to multiple asset categories, Ehamarkets enhances the potential for traders to optimize their investment approaches, making it a platform worth considering for those looking to engage in trading.
Account Types and Trading Conditions
What Account Types and Fees Does ehamarkets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Real Account | All traders | Access to live trading with real funds | Standard requirements for opening an account |
| Credit Account | Experienced traders | Flexibility in trading and funding | May require higher trading volume |
| Demo Account | Beginners | Practice trading with virtual funds | Ideal for testing strategies without risk |
Account Opening Process
To open an account with ehamarkets, users need to complete several steps. First, personal information must be submitted, including details about employment and financial background. Following this, identity verification is necessary, which typically includes providing a valid ID and proof of address. The process is designed to ensure that the broker complies with necessary checks. Additionally, ehamarkets offers account flexibility, allowing traders to upgrade to a professional account later if they meet the required criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads on major currencies |
| CFDs (Stocks) | Varies | $0 | Access to a range of global stocks |
| CFDs (Indices) | Varies | $0 | Includes major indices |
| CFDs (Commodities) | Varies | $0 | Popular commodities like gold and oil |
| Cryptocurrencies | N/A | $0 | Not available for trading |
Other Fees
Traders should be aware of several other fees associated with ehamarkets. These include deposit and withdrawal fees, which may apply based on the payment method chosen. Additionally, there may be inactivity fees for accounts that remain dormant for extended periods. While there are no platform usage fees, overnight interest (swap rates) may apply to positions held overnight. Currency conversion fees might also be incurred if trading in a currency different from the account’s base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does ehamarkets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Proprietary Trading Platform | Windows, macOS | Secure login, multiple order types, price alerts | Demo account available |
| Web Version | Any web browser | Login security, market search, technical indicators | None |
| Mobile App | iOS, Android | Convenient login, push notifications, one-click trading | None |
Ehamarkets offers a proprietary trading platform that is accessible on both desktop and mobile devices, allowing traders to engage flexibly with their accounts. The mobile app supports secure logins and real-time alerts, making it suitable for trading on-the-go. The web version provides essential trading tools and market search features, enhancing the user experience. Overall, these platforms emphasize security and user-friendly interfaces, facilitating efficient trading activities.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 10,000 | USD, MYR |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000 | USD, MYR |
| E-wallet (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min 50, Max 20,000 | USD, MYR |
Minimum Deposit
The minimum deposit requirement at ehamarkets is $50. This applies uniformly across all payment methods, ensuring accessibility for traders looking to start their trading journey.
How to Withdraw
To withdraw funds from your ehamarkets account, follow these steps:
1. Log in to your ehamarkets account.
2. Navigate to the ‘Withdrawal’ section in your account dashboard.
3. Select your preferred payment method from the available options.
4. Enter the amount you wish to withdraw.
5. Confirm your withdrawal request.
6. Wait for the processing time as per the selected payment method to receive your funds.
Customer Support
Ehamarkets Customer Support Overview
Support Channels
Ehamarkets offers multiple contact methods for customer support to assist traders effectively. The primary channels include:
- Email: Traders can reach out to the support team via support@ehamarkets.com for assistance with their inquiries.
- Live Chat: A live chat option is available on the website, providing instant help for urgent questions.
Service Availability
The customer support services are available during regular business hours. While specific hours are not detailed, traders can expect assistance during typical working days. Additionally, Ehamarkets provides support in multiple languages, ensuring a broader reach to accommodate diverse traders.
Frequently Asked Questions
No, Ehamarkets is not regulated by any recognized financial authority, which raises concerns regarding the safety of client funds and the lack of investor protection mechanisms.
Ehamarkets offers a variety of trading instruments, including forex, shares, commodities, and indices, allowing traders to diversify their portfolios.
To withdraw funds, log in to your Ehamarkets account, navigate to the ‘Withdrawal’ section, select your payment method, enter the amount, and confirm your request. Processing times may vary based on the chosen method.
Ehamarkets provides customer support through email and live chat. Traders can reach out via email at support@ehamarkets.com or use the live chat feature on the website for immediate assistance.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.