HomeFX-plus REVIEW

Homefx plus is an online forex brokers. With its digital technology, modern platform, professional staff, traders are guaranteed satisfaction and a conducive trading environment. The broker operates the Straight-through processing (STP) brokerage model, where clients’ orders are passed to the liquidity providers for execution without broker intervention.

Pros

• The proprietary online platform that runs on all devices
• Social trading is available on the platform.
• Professional and multilingual support team available 24/5
• Fast account opening.
• Multiple tradable assets.

Cons

• Clients from the USA are not welcome.
• No tier1 regulation yet.
• Inactivity fees are charged.

Fees

homefx-plus has reasonable trading fees and charges no commissions. The spread on the major forex pairs is two pips. If you have not opened a position for three months, an inactivity fee of $25 will be charged from the dormant account. No internal deposit and withdrawal fees are charged.

Account opening

It only takes a few minutes to open an account with homefx-plus . Just fill the online form available on the website. If you already have accounts with Google or Facebook, click the appropriate button to import your profile to Homefx plus.

Who can open an account? Anyone from anywhere in the world can open an account, except in the USA or where trading CFDs is against the local laws of the land.

Once you create an account, you are given access to the clients’ area. This is where you can upload your verification documents, make a deposit and commence trading.

Account types

What is the minimum deposit with Acri? The minimum deposit is 1000 units of your base currency.

Which account currencies are available? You can open accounts in USD, EUR and GBP.

What are the account types? homefx-plus offers three major account types: Bronze, Silver and Gold.

 

Are Demo accounts available? Of course! It comes automatically with the registration. It is preloaded with $500 virtual funds which can be used for practice.

Does homefx-plus offer Islamic accounts? Yes, swap-free Islamic accounts are available on all 3 account types. Traders will first open any Bronze, Silver or Gold account; then, request for an Islamic account via email.

 

homefx-plus Deposit and Withdrawal

How can I make deposits into an Homefx plusaccount? You can use cards, bank transfers or cryptos.

A debit/Credit card is the fastest way of making a deposit into your trading account. There are no deposit fees and the money is immediately credited into your account.

Cryptocurrencies like Bitcoin, Ethereum can be used to make deposits into your homefx-plus account. It usually takes from 1-24 hours before the money reflects in your account.

Bank wire transfer is a universal way of sending and receiving money from banks all over the world. This method can be used to deposit or withdraw from your homefx-plus account. The only problem is that it is the slowest method because it may take 3-5 days before the transfer process is complete.

How long do withdrawals take? Homefx plusprocesses withdrawals on the same day but when you get your money depends on the payment option used. Cards and cryptos take up to 24 hours but bank wires take a longer time; sometimes up to 5 working days.

 

Markets and Products

What instruments can I trade with HomeFX Plus? About 48 major, minor and exotic pairs are available. You can trade can also trade 4 metals, 84 European stocks, 60 American stocks and 2 Cryptocurrencies.

 

Tools and education

Social trading is available on its online trading platform. With this tool, clients or investors can automatically replicate the trades of other traders who are experts.

Which training resources are available? homefx-plus has a few trading articles on its website. These articles give traders some tips, introduce technical and fundamental analysis as well as leverage and margin.

Homefx plusPro Security

Is Homefx pluss afe? Though not yet regulated by any authority, Homefx plusPro has put in place standard security procedures to ensure a safe trading environment.

How are clients protected? First, all funds received from traders are kept in segregated accounts different from that of homefx-plus . Then, firewalls, secured socket layer (SSL), etc have been implemented to ward of cybercriminals. Next, the broker keeps monitoring, researching and improving its hardware and software infrastructure to make sure that only the best is provided.

Homefx plusPro Customer Service

How can the support team be reached? They can be contacted via email, phone call, completing the ‘contact us’ form, and social media.

Check the FAQs for answers to questions on accounts, deposits, withdrawals, documents, etc. The support team speaks several international languages. Homefx plusPro is also on Facebook, Instagram, Pinterest and Twitter.

Bottom line

Though a new player in the brokerage industry; homefx-plus is off to a smooth ride. Its asset index is great, technology and security are top-notch. Social trading is available and more exciting features are on the way.

 

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