House Of Borse Review 2024


2.5 / 5
House Of Borse is #108 in our CFD broker rankings.

House of Borse offers trading in over 200 financial instruments on MT4 and MT5.

$5000
MT4, MT5
Forex, CFDs, indices, commodities
-
Wire Transfer, Visa, Mastercard, Credit Card

Forex Trading

Trade an extensive list of online currency pairs with up to 1:30 leverage.

Stock Trading

House of Borse offers global cash and futures indices on major exchanges.

CFD Trading

Trade leveraged CFDs with competitive and dynamic spreads.

House of Borse is an online broker trading in global markets including CFDs, forex, commodities and indices. This article reviews the MT4 and MT5 platforms, the minimum deposit requirement, and the regulatory status of the company. Read on before you open a live trading account at House of Borse.

Company Details

House of Borse is an FCA regulated broker, established in 2001 and incorporated as a private limited company in 2014. Headquartered in London and with a presence in the Middle East, the broker has built a global client base with a focus on professional traders. House of Borse operates using an ECN model, connecting clients directly to the interbank market to secure the best prices.

Trading Platforms

House of Borse offers the globally recognised MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can download either to desktop devices or trade through major web browsers. Both solutions are also available as a slick mobile app so you can invest on the go.

MetaTrader 4

Highlights of MT4:

House of Borse MetaTrader 4
House of Borse MetaTrader 4

MetaTrader 5

Highlights of MT5:

House of Borse MetaTrader 5
House of Borse MetaTrader 5

Please refer to the broker’s website for full details on the installation of the platforms and account opening requirements.

House Of Borse Assets

House of Borse offers clients access to over 200 financial instruments in the following markets:

Fees

Spreads are competitive, with zero-pip spreads available on major currency pairs under the ECN pricing model. Spreads on leading pairs, such as the GBPUSD and EURGBP, start at 0.4 pips. Dynamic spreads are updated in real-time in the MT4 and MT5 platforms.

Commissions vary from $4 per $100,000 traded with Silver accounts to a $3 commission in Platinum accounts. Commission charges drop with increased trading volumes.

Leverage

Leverage rates are capped at 1:30 in line with ESMA regulations for retail traders. HOB does provide leverage up to 1:100 for professional traders. Leveraged trading should always be approached with caution.

Mobile Apps

The MT4 and MT5 platforms are both available for mobile trading, compatible with iOS and Android devices. The mobile offering supports the functionality found on the desktop terminals.

Key features of the MetaTrader mobile apps include:

House of Borse mobile trading
House of Borse mobile trading

Payments

Deposits

The minimum deposit at House of Borse is $5,000. Accepted methods include bank wire transfer (1 – 5 days), plus debit and credit cards (24 – 48 hours). Bank fees and card charges apply from transferring banks, more details can be found once logged in to the customer portal. Clients can deposit funds through the Member’s Area.

Withdrawals

Clients must complete a withdrawal request form to collect any profits. House of Borse process payments within 2 working days if submitted before 11 am (GMT) on business working days.

Demo Account

The broker offers a demo account where users can test their strategies on the MT4 and MT5 platforms. The client must complete an online registration form to practice trading in forex, gold, or silver. Virtual deposit funds are available up to $1,000,000.

House Of Borse Bonuses

At the time of writing, there are no promotions or bonuses, this includes a new account welcome deal and no deposit bonus. This is standard practice at FCA regulated brokers.

Regulation Review

House of Borse is authorised and regulated by the Financial Conduct Authority (FCA), a reputable financial agency. Clients are also covered under the Financial Services Compensation Scheme (FSCS) and funds are segregated from the company’s equity in FCA approved tier 1 banks.

The online trading broker also operates under the EU’s MiFID II (Markets in Financial Instruments Directive). This allows it to provide services across the European Economic Area.

Additional Features

The only additional tool of note at HOB is the economic calendar which keeps you up to date with key financial events. Aside from this, clients have to make do with the features built into the trading platforms. This is disappointing and may deter some beginners who benefit from useful extras.

House of Borse economic calendar
House of Borse economic calendar

House Of Borse Accounts

House of Borse offers several accounts depending on trading volumes:

All accounts offer:

To open an account, clients must complete an online application form with supporting identification, proof of residence, and details of trading experience.

Benefits

Drawbacks

Trading Hours

House of Borse operates 24 hours a day, Sunday through to Friday. But trading hours do vary by instrument and a full list can be found on the broker’s website.

Customer Support

House of Borse Ltd offers several customer support channels:

Security

All data between client terminals and trading platforms have high-tech encryptions and secure logins. The MT4 platform also supports the use of RSA digital signatures and dual factor authentication.

House of Borse Verdict

House of Borse offers a range of live accounts and multiple trading instruments, including forex, indices and commodities. This, combined with access to the globally recognised MT4 and MT5 platforms, alongside tight spreads and 24/5 customer support, means the broker has a lot to offer new traders.

Top 3 Alternatives to House Of Borse

Compare House Of Borse with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex
  3. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
    Go to Interactive Brokers

House Of Borse Comparison Table

Compare House Of Borse With Similar Brokers
House Of Borse IG World Forex Interactive Brokers
Rating 2.5 4.4 4 4.3
Markets Forex, CFDs, indices, commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Demo Account Yes Yes Yes Yes
Minimum Deposit $5000 $0 $1 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots $100
Regulators FCA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA SVGFSA FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB
Bonus 100% Deposit Bonus
Education No Yes No Yes
Platforms MT4, MT5 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5 Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:1000 1:50
Payment Methods 4 6 10 6
Visit Visit Visit Visit
Review IG
Review
World Forex
Review
Interactive Brokers
Review

Compare Trading Instruments

Compare the markets and instruments offered by House Of Borse and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare House Of Borse Trading Instruments
House Of Borse IG World Forex Interactive Brokers
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes No
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes No
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes No Yes
Options No Yes No Yes
ETFs No Yes No Yes
Bonds No Yes No Yes
Warrants No Yes No Yes
Spreadbetting No Yes No No
Volatility Index No Yes No No

House Of Borse vs Other Brokers

Compare House Of Borse with any other broker by selecting the other broker below.

 

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House of Borse offers trading in over 200 financial instruments on MT4 and MT5.

FAQ

Is House of Borse regulated?

House of Borse is authorised and regulated by the UK Financial Conduct Authority (FCA). This is a highly regarded financial regulator.

Does House of Borse offer a demo account?

Yes, the broker offers a demo account so traders can test their strategies risk-free with $50,000+ in virtual funds.

What currencies can I deposit with at House of Borse?

House of Borse accepts deposits in EUR, GBP and USD. Note payments into these currencies may incur fees.

What is the minimum deposit requirement to trade with House of Borse?

All account types have a $5,000 minimum deposit amount. This is high and means the broker isn’t the most accessible choice for beginners.

What trading model does House of Borse operate?

House of Borse operates under an ECN/DMA trading model. Clients trade directly through the interbank market with prices sourced from multiple liquidity providers.