General Information & Regulation
HIIFX is an online broker, owned and operated by High Inspiration International Co., Ltd. HIIFX claims that its liquidity provider in Australia-Chartered, regulated by ASIC and its liquidity provider in UK-CFH, regulated by FCA. However, HIIFX itself does not fall under any regulatory agency.
Negative Reviews
There are a large number of negative reviews on this broker, such as HIIFX absolutely fraud platform, unable to withdraw, etc. We can see that HIIFX is 100% scam broker, and traders must stay away from this broker.
Market Instruments
HIIFX mainly offers trading in forex currency pairs, majors, minors, and exotics.
Minimum Deposit
In terms of minimum initial deposit, HIIFX does not make this part clear. In most cases, most brokers would requires an account opening amount of $100 or even lower to start real trading.
Leverage
The maximum leverage for forex trading is up to 1:400. Unregulated brokers love to offer high leverage to attract traders. Since margin trading is full of risks, inexperienced traders should take extra care when using it.
Spreads & Commissions
HIIFX does not specify its detailed spreads on particular instruments. Most brokers offer the spread of EUR/USD pair of 1. 5 pips or even lower.
Trading Platform Available
HIIFX offers its clients MetaTrader 4 trading platform, available as desktop, web, as well as mobile ios and Android) versions. The MT4 Terminal is a perfectly equipped and provides the all necessary tools and features to analyze price dynamics of financial instruments, make the trade transactions, and create and use automated trading programs (Expert Advisors).