Horseforex was established in 2010 and has a global business presence. It operates companies in multiple fields such as equestrian clubs, scientific research, and finance. Horseforex PTY Limited was founded in 2016 and officially entered the Chinese market in 2017. In 2018, it acquired a well-known foreign exchange in Mauritius. Broker AUSINVEST. The broker is currently regulated offshore by the Mauritius Financial Services Commission (FSC) (Regulatory license number: C118023277) and holds a license licensed by the Dubai Multi-Commodity Center (DMCC) (license number: DMCC-711698).
Horseforex claims to be regulated by the DMCC, but the DMCC is not a regulator. In addition, the broker is only regulated by the Mauritius Financial Services Commission, which is not a mainstream regulator. Therefore, investors should consider carefully when choosing this trading platform.
Horseforex provides investors with popular trading products in the global financial market, mainly foreign exchange, commodities (natural gas, copper, cotton, sugar, crude oil), rare metals, indices, stocks, cryptocurrencies (Bitcoin, Wright) coin, Dash, Ripple, Ethereum).
Leverage & Account
Horseforex has set up ECN accounts and STP accounts for different traders. The minimum deposit for both accounts is $50, and the available trading leverage is 1:30, 1:40, 1:100, 1:200, 1:400, traders can choose flexibly.
Spread & Commission Fees
The main spreads of foreign exchange products: the average spread on EURUSD is 0.2 pips, the average spread on EURGBP is 0.6 pips, and the average spread on GBPUSD is 0.6 pips. The main spreads for metal products: the average spread on the gold dollar is 1.3 pips, and the average spread on the silver dollar is 3.6 pips. The main spreads for commodities: Natural gas has an average spread of 1.5 points, Brent crude oil has an average spread of 2.6 points, and U.S. West Texas crude oil has an average spread of 2.4 points. The main spreads of index products: the average spread of the German 30 index is 26.0 points, the average spread of the Nasdaq index is 26.0 points, and the average spread of the Hong Kong Hang Seng Index is 40.0 points. Key spreads for stocks: Apple has an average of 7.0, Amazon has an average of 80.0, and Facebook has an average of 5.0.
Cryptocurrency spreads: Litecoin has an average spread of 316.0, Ripple has an average spread of 320.0, and Bitcoin has an average spread of 2400.0.
Horseforex provides traders with MT4, MT5, MT Apple mobile terminal, MT Apple computer terminal, and MT Android mobile terminal trading platform.
Horseforex provides traders with many deposit and withdrawal methods, mainly including UnionPay, Alipay, digital currency, wire transfer, PayPal, WeChat, Visa, Skrill/NETELLER, ZOTAPAY, Perfect Money, etc.