House of Borse is an online broker that trades CFDs, currencies, commodities, and indices in global markets. The MT4 and MT5 platforms, as well as the minimum deposit requirement and the company’s regulatory status, are discussed in this article. Read the following before you open a live trading account with House of Borse.
The MT4 and MT5 trading platforms provide access to a variety of financial markets, including currency, indices, commodities, equities, and more. In addition, they offer a variety of instructional resources and trading tools, as well as a customer support service that is available 24 hours a day, seven days a week, to help traders.
We’ll go over some of the most crucial factors to consider when picking the best broker for your online trading needs in this in-depth House Of Borse review.
Pros and Cons
Pros
- Quality educational resources
- High Leverage
- Wide range of asset classes
- Economic calendar
- Advanced trading platforms
- Regulated brokerage firm
Cons
- $5000 minimum deposit
- High trading commission
- No services for U.S. residents
- Limited deposit methods
Is House of Borse a Scam?
Established in 2001 and formed as a private limited company in 2014, House of Borse is an FCA-regulated broker. The broker, which is based in London and has a Middle East presence, has created a global client base with an emphasis on professional traders. The ECN model is used by House of Borse, which connects clients directly to the interbank market to ensure the cheapest prices.
All data exchanged between customer terminals and trading platforms are encrypted and password-protected. In addition, the MetaTrader 4 platform also supports the process of RSA computerized markings and two-factor authentication.
The broker is an international financial services firm whose Firm Reference Number (FRN) is 631382. It is authorised and regulated by the Financial Conduct Authority.
Account tiers
Silver, Gold, and Platinum are the three categories of accounts offered by House of Borse. To begin trading, you must make a $5,000 deposit. Then, depending on your trading volume, House of Borse offers a variety of accounts. The commission fees decrease as traders go-to gold and platinum trading. Notably, one advances to a more significant account only after earning and learning enough.
The accounts are denominated in EUR/USD/GBP and have up to 1:100 leverage. For practice reasons, a demo account is available. Before you open a trading account with House of Borse for online trading, make sure you review and understand all of the latest information.
House of Borse Account Opening?
To open an account, go to the broker’s homepage and click the ‘Open Live Account‘ option, then follow the on-screen instructions.
It is vital that you read all of the broker’s terms, conditions, and policies before submitting an application. Continue only if you have completely understood and agreed to the terms.
Trading Platforms
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two well-known trading platforms offered by House of Borse (MT5). You may trade using main web browsers or download to desktop computers. Both options have a sleek mobile app that easily allows you to invest.
MetaTrader 4
- One-tap trade execution
- Various customization features
- Multilingual support
- Over 30 useful technical indicators
- Stop-loss/take profit setup
- Expert advisors (EAs) for automated trading features
- Highly data security with top-level encryption
- Multiple market order types supported
MetaTrader 5
- In-depth market analysis
- Instant trade execution
- Smooth technical analysis experience
- Tick chart trading
- Multiple time frames for charting
- Multiple market order types supported
- Intuitive and user-friendly interface
- Stop-loss/take profit setup
Mobile Apps
Mobile trading is accessible on both the MT4 and MT5 systems, which are compatible with iOS and Android devices. In addition, the functionality provided on desktop terminals is supported by the mobile offering.
The following are some of the essential features of the MetaTrader mobile apps:
- Multilingual support
- Offline mode is available
- Interactive trading charts
- One-click smooth trading operations
- Real-time streaming trading quotes
- Trade History is accessible
Trading Instruments
Despite the fact that cryptocurrencies are constantly offering customers offers and perks, the House of Borse does not have it on its product list. Only forex, stocks, indices, and commodities are available.
Trading Fees
The ECN pricing approach offers zero-pip spreads on major currency pairings, making spreads competitive. For example, spreads on popular currency pairs like the GBPUSD and EURGBP begin at 0.4 pips. In addition, in the MT4 and MT5 platforms, dynamic spreads are updated in real-time.
Deposits and withdrawals are free of charge at the House of Borse. However, payment provider fees are passed on to the consumer. Withdrawal methods include bank wire, cards, and e-wallets. Fees vary by card type and issue nation, which you may verify in your member area. Similarly, you will be charged incoming bank fees when sending or receiving money using Wire Transfer.
Silver accounts have a $4 commission per $100,000 moved, while Platinum accounts have a $3 commission. With greater trading volume, commission fees decrease.
Deposit & Withdrawal methods
Traders can use a variety of payment methods to deposit and withdraw funds, including bank wire transfers, e-wallets like Skrill and Neteller, and credit/debit cards (Visa, MasterCard, and more).
Leverage
In terms of leverage levels, House of Borse also provides this option, which multiplies your operational position by a certain number of times in reverse, increasing your market exposure.
However, as a regulated U.K. broker, the House of Borse is bound by the proper risk controls. Therefore, it allows a maximum of 1:30 for retail traders and up to 1:100 for professionals once their registration has been established.
House of Borse Education
A trading lexicon, articles, and trading tutorials are available learning resources. They can be found on the broker’s website and are designed to assist traders in making informed trading decisions.
Customer Support
The House of Borse customer support team helps its clients with their general, technical, and account-related questions by phone, live chat, email, and social media.
UK phone – 44(0)203 327 7001
Email – [email protected]
House of Borse Verdict
House Of Borse is known for its multi-asset brokerage service that provides advanced trading platforms for trading over 200 financial instruments. In addition, traders have access to instructional information, useful trading tools, and a friendly customer service team. To begin trading, you must make a $5,000 deposit. In contrast, up to 1:100 leverage is available.
So, if you’re a professional or a business client, we recommend the House of Borse as a viable trading option. However, as a beginner trader or a trader of smaller size, you may be trapped with a very high minimum deposit, and the House of Borse proposal is clearly built with specific trading conditions for larger-size traders.
FAQs
What is House of Borse?
House of Borse is a leading online brokerage firm that offers trading opportunities in multiple asset classes, including forex currency pairs, stocks, indices, and commodities. It is an FCA regulated under the Firm Reference Number (FRN) is 631382. In addition, the firm offers advanced trading platforms like MetaTrader 5 (MT5) and MetaTrader 4 (MT4).
Is House of Borse a scam or legit?
House of Borse is not a scam broker. It is known for providing a good trading environment to its clients. One can be satisfied by the safety broker is providing the client funds through the segregated bank accounts services. The FCA authority highly regulates the broker under the registered firm reference number (FRN).
What are the trading fees of the House of Borse?
House of Borse charges high trading fees from beginners. The broker’s trading fee for lower account tiers is not suitable for beginners. It charges $4 commission per $100,000 moved. But in the case of upper account tiers, the charges are comparatively less.
What currencies are supported for deposit by the House of Borse?
The brokerage firm House of Borse allows traders to deposit their funds in international currencies such as EUR, USD, and GBP. But the financial services provider charges a fee for accepting funds in some of the currencies. Apart from these, currency conversion charges may also apply.
Does House of Borse offer a demo account?
Yes, the online brokerage firm offers a free demo account for traders to get familiar with real-world trading markets and trading platforms. One can use a demo trading account to quickly learn and apply the basic knowledge of the markets in live trading. Demo trading is an important stepping stone to start the trading journey through a live trading account.
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