Homefx Plus Review Forex Broker |
is Homefx Plus a good broker to trade with and do they offer enough to be an options
HomefxPlus is a forex and CFD broker that offers its services over the internet. Founded in 2022 by a team of professional traders and industry experts, the broker cites honesty, professionalism, transparency and technology as the underlying principles guiding its brokerage operations. More than 100 financial assets can be traded on its platform. The platform supports order management, market analysis, MAM and features some other tools.
Homefx-Plus review: On its website, HomeFX PLUS states that Homefx plus is a trading name of Astrica Ltd. and the website www.homefx-plus.com is owned and operated by Astrica Ltd. Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96961. Perhaps, as a new broker, it is yet to meet the requirements of a regulatory authority, but Homefx-Plus has implemented the security standards just like the top brokers.
Clients’ funds are kept in segregated accounts and never used by Homefx plusexcept to fund traders’ positions. The segregated funds are maintained only in the highly rated international banks. Several firewalls and SSL encryption has also been installed to further strengthen the security of the trading environment.
Account opening with Homefx-Plus
Homefx plus accounts can be opened within a few minutes. All that is required is to complete the registration form found on the Homefx plus website. After filling the form; a live account is opened and you are logged into the clients’ area. from there, you can upload your ‘Know your customer’ (KYC) documents, monitor your account, fund your account and commence opening of trade positions.
Homefx plus states that traders from USA and other restricted jurisdictions are not allowed to register.
Homefx plus offers its clients the access to speculate on a wide variety of financial assets via contracts for differences (CFDs). Traders can open positions on over 40 currency pairs, cryptocurrencies, more than 50 stocks, indices, precious metals and commodities.
Account types at Homefx-Plus
Homefx plus has 4 account types designed with the aim of accommodating all levels and types of traders. They are as follows:
Demo accounts are automatically created with every registration. It comes with virtual funds meant for trading practice. Islamic faithful can apply for their accounts to be converted to an Islamic account; which do not incur swap fees when open positions are left overnight.
Homefx-Plus accounts can be maintained in USD, EUR and GBP. The broker does not charge commissions, rather its trading fees are incorporated into the ask-bid spread. Typical spreads for the forex majors start from 2 pips.
Homefx-Plus Deposit and withdrawals
Homefx-Plus does not charge commissions on both deposits and withdrawals but any surcharges incurred is transferred to the trader’s account. Below are the payment options:
- Bank wire transfer is often a popular method because it is available to everyone and can move unlimited funds between banks from any location in the world. However, it is slow because it takes 2-7 days before the deposit or withdrawal is completed.
- Debit or Credit cards is the fastest method of funding your account because the payment is processed instantly.
- Cryptocurrency: If you have Bitcoin or Ethereum; then you can use the digital coins to fund your account.
Homefx Plus processes all withdrawal requests within one business day.
Homefx-Plus review : Education and trading tools
To help beginner traders with some knowledge resources, Homefx-Plus has a few articles on its website. The focus is on financial markets analytical methods, leverage, margin and forex trading strategies.
The Homefx-Plus trading platform incorporates social trading; which involves the replicating of the strategies of an expert trader by a newbie or investor. New traders can opt in for social trading, access the leaderboard and choose an expert trader to copy. Whenever the expert trader opens positions, his trades are automatically copied to the investor’s account. This gives him to opportunity to make profits without doing anything.
Homefx-Plus Customer support
At any time when you need to ask questions or to resolve any issues, the client support desk is available on a 24/5 basis. You can make a phone call, send them an email or fill the ‘contact us’ form available on the Homefx-Plus website.
Homefx-Plus forex and CFD broker is a legit broker that has created a digitally secure environment for its clients. Modern technologies have been implemented to ensure a secured and reliable trading environment. Over 100 instruments can be traded on its platform which also supports social trading, risk management, market analysis, etc.
Conclusively, with the services offered, the team’s passion and determination; Homefx-Plus is definitely on the right path to the top.