HQBroker Review 2024

HQBroker has closed. Please see the list of similar brokers or the Best Brokers List for alternatives.

1.5 / 5
HQBroker is #108 in our CFD broker rankings.

HQBroker is a no-frills forex broker offering easy-access live trading accounts.

MT4, MT5
Forex, stocks, commodities
Credit Card, Wire Transfer, Visa, Mastercard, HUMBL Pay

Forex Trading

You can start trading online currencies with up to 1:400 leverage at HQBroker.

Stock Trading

Trade shares in global powerhouses including Amazon, Apple and Alibaba.

CFD Trading

Invest in the financial markets using dynamic CFD products.

HQBroker is an unregulated online forex provider offering advanced trading solutions. Traders of all levels are catered for across five live accounts and the MT4 and MT5 platforms. Our HQBroker review details the instruments available, the login process and market spreads.

HQBroker Headlines

HQBroker was established in 2017 and has since amassed an international client base from its Hong Kong headquarters. Despite its growth, the broker is currently unregulated. The company is owned and operated by Capzone Invest Limited which is based in the Marshall Islands.

Trading Platforms

MetaTrader 4

The industry-standard MT4 solution is available upon login. Highlights of the popular forex trading platform include:

HQBroker MT4
HQBroker MT4

MetaTrader 5

HQBroker also offers the MT5 platform which is more suited to experienced traders. Benefits of the MT5 terminal include:

HQBroker MT5
HQBroker MT5


HQBroker offers 200+ financial instruments across:

Trading Fees

HQBroker offers reasonable floating spreads with its Starter and Silver accounts. However, for fixed spreads under 1 pip on majors forex pairs, you’ll need to open a Gold, Platinum or Investor account. This will require a minimum $20,000 investment which may be too much for some beginners. Overall though, the broker is fairly competitive when it comes to trading fees.


HQBroker offers leverage up to 1:400. This is high and means traders can take serious positions with small capital outlay. This is good news for those with low starting deposits, but it also brings with it the risk of serious losses. European regulated brokers, for example, cap leverage rates at 1:30 to protect traders.

Mobile Apps

HQBroker offers mobile trading on all of its accounts. Both MT4 and MT5 are available for download to mobile from either Apple or Android app stores. Clients can make deposits, request withdrawals and monitor trades from their mobile devices. The apps also allow for risk alerts to be set up and for automated trading programs.

HQBroker mobile trading
HQBroker mobile trading



The minimum deposit at HQBroker is $250. Payment methods include:


Withdrawals can be made via wire transfer or credit/debit card. A $50 minimum withdrawal rate applies to wire transfers and transactions take 3-15 days to process, which is longer than most brokers. There is no minimum withdrawal with credit and debit cards, and transactions are processed within 7 working days.

Unfortunately, a number of customer reviews highlight difficulty when it comes to withdrawing profits. This is a serious concern and may indicate a potential scam.

Demo Account

Another drawback to HQBrokers is the lack of demo account. Practice accounts, funded with virtual cash, are a great way for new clients to explore trading platforms and test the broker’s services. The absence of one may deter prospective users.


At the time of writing, HQBroker does not offer any deposit bonuses or promotions. It is common practice among providers not to offer welcome deals however this is subject to change. Traders should check the broker’s website before opening an account.


HQBroker is not regulated by a trusted financial authority. Users should proceed with caution when signing up to unregulated brokers as they won’t get the same robust protections afforded by the likes of the FCA.

Despite an office in Hong Kong, HQBroker is not authorised to provide financial services in Hong Kong, France, or the USA.

Additional Features

The broker’s website hosts a number of free resources, including educational videos, ebooks, and news updates. Videos cover topics such as market strategies, trading psychology, and price analysis. HQBroker also offers MT4 tutorials and an economic calendar.

economic calendar
HQBroker economic calendar

Live Accounts

HQBroker offers five account types to suit different traders. Each option comes with an account manager, full access to instruments and a minimum 0.01 position size. As you move up the account tiers, you benefit from daily market analysis, around the clock support, and fixed, tight spreads.


Reasons to sign up with HQBroker include:


Unfortunately this review found several reasons not to open an account with HQBroker:

Trading Hours

HQBroker follows standard global trading hours. Hours may vary slightly depending on the instrument, details can be found on the broker’s website. Forex trading runs from Monday 00:00 to Friday 23:00 GMT +2.

Customer Support

HQBroker offers 24/5 telephone support in 10 different countries. Trader can also reach the customer service team via:

Unfortunately the live chat service didn’t meet expectations upon testing – wait times were long and operators were unhelpful.

Trader Safety

The MetaTrader platforms comes with premium security features including 128-bit encryption and 2FA protocols. Despite this, we would recommend caution before investing money with HQBrokers due to poor customer reviews and the lack of regulation.

HQBroker Verdict

The company offers a straightforward route to forex trading with access to both the MT4 and MT5 platforms. But without accreditation from a reputable regulatory body, plus the lack of a demo account and $250 minimum deposit, HQBroker is not the best option on the market.

Top 3 Alternatives to HQBroker

Compare HQBroker with the top 3 similar brokers that accept traders from your location.

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  2. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand 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
  3. Swissquote – Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
    Go to Swissquote

HQBroker Comparison Table

Compare HQBroker With Similar Brokers
HQBroker AvaTrade IG Swissquote
Rating 1.5 4.9 4.4 4
Markets Forex, stocks, commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account No Yes Yes Yes
Minimum Deposit $250 $0 $1000
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Education No Yes Yes No
Platforms MT4, MT5 WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, AutoChartist, TradingCentral
Leverage 1:400 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:250 (Pro) 1:30
Payment Methods 5 13 6 5
Visit Visit Visit Visit Visit
Review AvaTrade

Compare Trading Instruments

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

Compare HQBroker Trading Instruments
HQBroker AvaTrade IG Swissquote
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes No
Silver Yes Yes Yes Yes
Corn No Yes No No
Crypto No Yes Yes Yes
Futures No Yes Yes Yes
Options No Yes Yes Yes
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No No Yes No
Spreadbetting No Yes Yes No
Volatility Index No Yes Yes No

HQBroker vs Other Brokers

Compare HQBroker with any other broker by selecting the other broker below.


Customer Reviews

There are no customer reviews of HQBroker yet, will you be the first to help fellow traders decide if they should trade with HQBroker or not?

Submit Your Own Review of HQBroker

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HQBroker is a no-frills forex broker offering easy-access live trading accounts.


Is HQBroker regulated?

No, HQBroker is not regulated and therefore is not bound by the same customer capital protection as other brokers. We always recommend caution before signing up with unregulated providers.

How much capital do I need to trade at HQBroker?

The minimum deposit at HQBroker is $250. The minimum position size is 0.01 lots, although stake requirements do vary among instruments.

Does HQBroker offer a demo account?

No – the broker does not provide an accessible demo account. This is a real drawback and means new traders have no way of testing HQBroker’s services before investing money.

What trading platforms does HQBroker use?

HQBroker offers the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both terminals can be downloaded to desktop devices or traded through major internet browsers.

Is HQBroker available on mobile?

Yes, all trading platforms are compatible with iOS and Android devices. The MT4 and MT5 mobile apps can be downloaded from the respective app stores.