Hiway FX Review

Up to 1,000:1
Up to $10,000 BONUS
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Hiway FX
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Company Information This time, we are going to present you another young broker from the Forex industry. The brand HiWayFX was found in 2013 and became an official institution that… more

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BrokerHiway FX
Website URLhttps://www.hiwayfx.com/
HeadquartersSt. Vincent and the Grenadines
Support Number+ 44 3308 280 893
Support Emailsupport@hiwayfx.com
Support TypesPhone, Live Chat, E-mail, Call Back
LanguagesEnglish, French, Russian, Indonesian, Arabic, Greek
Minimum 1st Deposit20 CCY
Minimum Trade Amount0.01 lots
Maximum Trade Amount100 lots
BonusUp to $10,000
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
Account TypesStandard, ECN PRO, Standard Demo, ECN PRO Demo, Standard MyFxBook, Standard ZuluTrade
Deposit MethodsVisa, MasterCard, Payout to Card, Skrill, Neteller, FasaPay, OkPay, Qiwi, MoneyPolo, WebMoney, ON, Bank Wire
Withdrawal MethodsVisa, MasterCard, Payout to Card, Skrill, Neteller, FasaPay, OkPay, Qiwi, MoneyPolo, WebMoney, ON, Bank Wire
Types of AssetsForex, Oil, Indices
Account CurrencyUSD, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

This time, we are going to present you another young broker from the Forex industry. The brand HiWayFX was found in 2013 and became an official institution that provides financial and trading services in early 2014. The enterprise behind the scenes is called Hiway Capital Ltd. with headquarters located on the islands of St. Vincent and the Grenadines. HiWayFx is a fully licensed and regulated broker supervised by CYSEC (Cyprus Securities Exchange Commission) and under the International Business Companies Act. However, the legal rights are not directly issued by the Hiway Capital, but to a sister company of theirs. It goes by the name of Hiway Markets with the central office located in Gibraltar. The broker operates widely around the world and has clients in Europe, Asia, and South America. Despite its short period in the branch, HiWayFX managed to grow a significant audience by providing accurate services and top notch support for their clients. The broker has still a lot of potential, so traders who are looking for new opportunities will be euphoric to join. Both expert traders and beginners should find their place with HiWayFX.


Trading Information

Compared to many others brokers, HiWayFX offers an excellent trading environment for its clients. The spreads are very tight, and some may even go to 0 for ECN accounts. When it comes to order execution, this company is not top rated. The time for one order to be placed is about 2 ms, which is acceptable. The trading opportunities presented by HiWayFX are very well picked, there are about 66 Forex pairs, nine indices, crude oil, gold, silver, platinum and even palladium. For those who don’t want to invest and trade a significant amount of money, there are micro lots that start from 0.01, and they are available on all accounts. The broker supports the NDD model as well. Leverage can go up to 1:1000 so traders will have lots of option for risk management. HiWayFX also assures us that trading during big new will go smoothly and without any complication.


Trading Platforms

Just like many other brokers worldwide, HiWayFX is betting on the best. The company is partnering with MetaQuotes Software Corp. and employs their leading trading platform called – MetaTrader 4. Detailed instructions are provided for Windows and Mac users on how to install the platform on their computers. MT4 is also perfectly adjusted for clients on Android and iOS. The software can use various EA (Expert Advisors) as well as a complete set of tools and indicators to support the trader.


HiWayFX also provides an incredible solution for newbie traders. Their partnership with ZuluTrade allows newly registered customers to participate in a social platform, which connects the inexperienced traders with professionals around the world. The software is based on copy trading and it’s perfect for amateurs who want to learn quickly and by doing.


Security and Customer Services

Security is tight as with any other financial institution. As we’ve said above, the online broker is well regulated, and client should not worry about their money. All accounts are segregated and kept in some of the world’s most secure banks. HiWayFX also uses SSL encryption on their website for additional security with certification by Comodo CA Ltd.


Another factor of importance is the customer care team, which in this case is more than capable to handle almost any request. The staff is polite and highly responsive. There are various methods to contact them including phone, callback, emails and live chat. In fact, traders can get in touch easily with any department via phone or mail. The support is operational 24/5 and all other services are available from 07:00 to 16:00 UTC on the business days.


Deposits and Withdraws

HiWayFX supports a broad range of payment options, so they’ve probably got you covered. The usual bank transactions and debit/credit cards are available. There are also various electronic payment transfers, such as e-wallets. You can check all of them in the table. The processing time of deposits is instant, except for the bank wire transfer. Additional charges are not applied to any of the methods. However, withdraws have some costs for processing. These are usually a percentage of the amount of withdrawal or some fixed fee. Withdraws are also processed from two to five days, which mainly depends on the chosen method.


Deposit Bonus and Loyalty Program

Trading with HiWayFX has many benefits, and some of them are the fine bonus offers. The welcoming promotion is the first that we are going to introduce to you. It’s a 100% welcome bonus for new clients, which goes up to $10 000. The minimum amount required to get a bonus is $100. However, the promo cash is not automatically credited. Take note that every customer has to contact the broker’s finance department to obtain the free money. After that, the trader has two months to collect the bonus and by the time he claims it, the account balance should be more than 50% of the initial deposit.


Another type of bonus is the “35% Tradeable Bonus”. This kind of promotion shares almost the same requirements as the previous one. However, the maximum possible amount that a customer can obtain is $3000. Traders should be wary that scalping is prohibited when applying for this deal. HiWayFX may cancel the bonus if any suspicions arise.


For those who like to compete, the online broker organizes fantastic trading races called “World Rally Forex.” The prizes for the best traders can go up to $4000, and the most exciting thing is that traders can participate in this event every month.

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