HIBT
Pros and Cons
Pros
- Competitive spreads starting from 0.0 pips
- Variety of trading instruments including Forex, commodities, and cryptocurrencies
- Access to popular trading platforms: MT4 and MT5
- Flexible account types catering to different trading experiences
- Customer support available via email and live chat
Cons
- Regulatory status classified as ‘Suspicious Clone’
- No 24/7 customer support availability
- High withdrawal fees for international wire transfers
- Limited educational resources for traders
- Potential risks associated with unregulated trading environment
Basic Information
User Reviews
HIBT Overview
HIBT Markets Limited is a forex broker established in the Bahamas, operating for a period of 1-2 years. The company is registered under the code 8115725902, but it is important to note that its regulatory status is labeled as ‘Suspicious Clone’, indicating potential risks for traders seeking a fully regulated environment. For more information, you can visit their official website at https://www.wikifx.com/en/dealer/8115725902.html.
HIBT offers a variety of trading instruments, including forex, commodities, and CFDs. The broker provides access to popular trading platforms such as MT4 and MT5, featuring essential tools and charting options. While customer support is available via email and live chat, it’s notable that the support does not operate 24/7. Unique advantages of HIBT include competitive spreads and various account types, catering to different trading strategies. However, potential clients should carefully consider the broker’s regulatory standing before engaging in trading activities.
Is HIBT Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Not Regulated | Bahamas | No investor protection measures |
Is HIBT Regulated and How Are Client Funds Protected?
The broker HIBT is not regulated by any recognized financial authority. Its regulatory status is classified as a ‘Suspicious Clone’, indicating potential risks associated with trading through this broker. Clients should be aware that trading with an unregulated broker poses significant risks, including the lack of investor protection and a higher potential for fraud. It is crucial for traders to consider these factors before engaging in trading activities.
Trading Products and Services
What trading instruments does HIBT offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ | Many |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH | Many |
HIBT offers a diverse range of trading instruments, allowing traders to engage in multiple markets. With categories including Forex, commodities, indices, stocks, and cryptocurrencies, the broker caters to various trading styles and preferences. This variety is particularly beneficial for beginners who may wish to explore different asset classes, as well as seasoned professionals looking for comprehensive trading options. By supporting multiple asset categories, HIBT enhances the potential for portfolio diversification and flexible trading strategies, making it a suitable choice for traders at all levels.
Account Types and Trading Conditions
What Account Types and Fees Does HIBT Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| HIBT Account | Experienced traders | Low spreads, commission-based | Requires higher trading volume |
| Standard Account | Beginners and casual traders | Commission-free, slightly higher spreads | Suitable for small-capital practice |
Account Opening Process
To open an account with HIBT, prospective traders must follow a series of steps. Initially, they will need to submit personal information, including their name, address, and contact details. Following this, employment information and financial background details are required to assess the applicant’s trading experience and financial situation. Identity verification is also mandatory, which typically involves providing a government-issued ID and proof of address. It is important to note that HIBT allows for account flexibility, where traders can upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.0 | 7 AUD per 100,000 transactions | Tight spreads for major pairs |
| Forex (Minor Pairs) | Varies | 7 AUD per 100,000 transactions | Competitive pricing |
| CFDs (Stocks) | Varies | Commission-free | Access to a wide range of stocks |
| CFDs (Indices) | Varies | Commission-free | Includes major indices |
| Cryptocurrencies | Varies | Commission-free | Limited leverage on crypto |
Other Fees
Traders should also be aware of various other fees that may apply. These include deposit and withdrawal fees, with international wire transfer withdrawals typically incurring a fee of approximately 20 Australian dollars. Additionally, there may be inactivity fees for dormant accounts. While platform usage is generally free, overnight interest (swap rates) may apply for positions held overnight. Currency conversion fees may also be relevant for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does HIBT Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, multiple order types, technical indicators | Demo account, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, market search, price alerts | Demo account, VPS |
| Web Version | Browser-based (any OS) | Secure login, symbol lookup, push notifications | Demo account |
| Mobile App | iOS, Android | Biometrics, one-click trading, real-time alerts | Demo account |
HIBT provides a selection of trading platforms catering to various trader needs. MT4 is well-suited for those seeking a robust trading experience with extensive technical analysis tools, while MT5 offers advanced functionalities for multi-asset trading. The web version allows for convenient access across devices, and the mobile app enables traders to operate on the go, ensuring secure logins and real-time market alerts. Overall, HIBT supports efficient trading with fast execution and comprehensive market search tools.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | 20 AUD withdrawal fee | Min 100 AUD, Max 10,000 AUD per transaction | AUD, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50 AUD, Max 5,000 AUD per transaction | AUD, USD |
| e-Wallets (e.g., Skrill, Neteller) | Instant | 1.5% charge on deposits | Min 50 AUD, Max 20,000 AUD daily | AUD, USD |
Minimum Deposit
HIBT requires a minimum deposit of 50 AUD to open an account. This amount is consistent across all payment methods and account types, making it accessible for both beginners and experienced traders.
How to Withdraw
To withdraw funds from your HIBT account, follow these steps:
- Log in to your HIBT trading account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits specified.
- Submit your withdrawal request.
- Await confirmation and processing of your request, which may take up to 5 days depending on the method selected.
Customer Support
HIBT Customer Support Overview
Support Channels
HIBT provides various support channels for customers seeking assistance. Traders can reach out via:
- Email: Customers can contact support through email at support@hibtus.com.
- Live Chat: Available on their website for immediate assistance.
Service Availability
The customer support service is not available 24/7, which may limit immediate assistance for traders in different time zones. Multilingual support details have not been specified.
Frequently Asked Questions
HIBT is not regulated by any recognized financial authority, and its regulatory status is classified as a ‘Suspicious Clone’. This indicates potential risks associated with trading through this broker.
HIBT offers a diverse range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies, allowing traders to engage in multiple markets.
To withdraw funds from your HIBT account, log in to your trading account, navigate to the ‘Withdrawal’ section, select your preferred withdrawal method, enter the withdrawal amount, and submit your request. Processing may take up to 5 days depending on the method selected.
HIBT offers customer support via email and live chat. However, it’s important to note that support is not available 24/7, which may limit immediate assistance.
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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.