Homefx-plus Review – A New Broker In The Mix
in our Homefx-plus review, we will look a bit deeper into this new brokerage; not a lot of information is available besides what they told us and what we could read on their website and when we opened an account. we encourage you to do your research and try for yourself ( we also would love to hear about your experiences)
Homefx-plus is a Forex broker that offers numerous financial products under a single roof, which conveniently attracts a huge chunk of retail traders from the global pool of investors across the various financial markets.
Homefx-plus review started its brokerage service in 2022. It has ever since been on an upward trajectory by incorporating new products and improving its overall service offerings to meet its customers’ demands. Homefx-plus is NOT a market maker broker and offers a standard FX brokerage service with a range of features that one can expect from a regular STP broker.
In this Homefx-plus review, our primary aim is to offer you the best information regarding the Broker’s performance and whether your funds are secured and safeguarded against the most known broker issues.
Is Homefx-plus Regulated Through Proper Channels?
Homefx-plus does seem to be a genuine and reliable broker, but there is a lot of confusion on the regulatory aspect. Homefx-plus is located in St Vincent and Grenadines.
After an in-depth investigation, it became apparent that Homefx-plus is corporated under company number: REG 1070 LLC 2021. Its address of registration is the address: the financial service centre, Stoney Ground, Kingstown. ST. Vincent and the Grenadines. The processing and clearing company” ITM SOLUTIONS LLC, Incorporation” under company Number REG 1070 LLC 2021 has registered address ST. Vincent and the Grenadines and is not regulated.
The company is explicitly clear that it does not provide any services for traders from the US, Japan, and Australia. Therefore, it is ultimately clear that Homefx-plus is not regulated.
Homefx-plus Review | What Are The Homefx-plus Account Funding Options & Cost Of Trading?
There are four types of accounts offered by Homefx plus for all clients opening a statement with the Broker.
Homefx-plus used to stipulate a minimum deposit of $1000. Still, they have soon realized that a lack of regulation or any other innovative benefits to the trader will prevent traders from opening an account for a significant amount of money.
Therefore, Homefx-plus now offers a trading account for only $1000, and traders are also provided with an Homefx plus bonus on all deposits up to 50% on the initial deposit.
More bonus options are available for traders to test the platform using real money without actually investing a dime. This is one of the enormous benefits of opening an Homefx-plus account.
The bonus and profits can only be withdrawn after satisfying several conditions, and it is the responsibility of the traders to evaluate these conditions properly before trading with Homefx-plus.
The maximum Homefx-plus leverage is 1:400, which is certainly a respectable amount of leverage. A margin of 1:400 is neither too huge nor too low, as it is easy for traders to strike a balance between risk and reward—the one aspect where Homefx-plus. Live excels in the industry is when one considers the cost of trading, which is one of the best trading conditions ever offered by an STP market maker broker.
The Broker spreads start from 0.3 pips with no commissions, which provides ECN like trading environment without the cost. An Homefxplus trading account is the best option available in the market if you are looking for the tightest spreads and the lowest cost of trading.
Every Homefx-plus client has access to global financial markets to trade currency pairs, indices, metals, commodities, options, shares, and other ETFs. It is usually tough to find a broker that offers so many different financial instruments for a small deposit, making Homefxplus one of the few mainstream Forex brokers that provide its traders with the option of diversifying their investment portfolio.
Trading On A Proprietary Homefx-plus Platform
Homefx-plus Review of the Homefx plus trading platform shows us that it is not like any other interface currently available in the market. Unlike conventional platforms such as the MT4, the Homefx-plus live platform offers revolutionary platform access to the different markets. The Homefx plus Platform platform can be utilized across all Windows, Mac, and Linux operating systems, including an Homefx-plus. Live mobile trading platform will surely help the Broker’s chances of catering to a large group of mobile traders who wish to trade on the go.
The Homefx-plus platform has all the essential features that one would expect from a Forex trading platform, but it does not have the skill and performance compared to the MT4.
Why Should I Choose Homefx-plus?
Homefx plus has a tough job of convincing traders to open an account, especially since the Broker does not have a valid regulatory status. But the advantages regarding the lower cost of trading, small initial deposit option, acceptable leverage, and an excellent customer service channel should enable traders to enjoy an overall excellent brokerage service.
Homefx plus can indeed work towards improving its positioning in the industry by being regulated by a regulatory body and redesigning its website to offer more information to the trader.
The well-designed website is clear. Having a feature-rich web page will help traders get more information on the brokerage services and help clients trust the company to make an actual investment. The Homefx-plus bonuses and free educational tools are excellent incentives for traders to test the Broker before investing with the company.