HWMarkets was an unlicensed binary options broker that opened for business in September 2016.
HWMarkets listed an address of 10 Bishopsgate, London EC2N 3AQ United Kingdom on their website. The listed phone number in the United Kingdom is: +44 203 807 1525, and their contact email is [email protected].
Make sure you read about the typical broker complaints here.
Scam Trading Robots
We found this broker for a scam auto trading robot called Profits Eternity. The problem is that you are not allowed to use a software like this because it is against the brokers terms and conditions.
2.1. You May Not Use, Under Any Circumstances, Any Software Which Automatically Accesses Or Operates On HWMARKETS’s Systems, Websites Or Systems, Unless Such Software Is Officially Provided By HWMARKETS.
WARNING: If you plan on using a trading robot, learn how to choose a good one, see here.
See a variety of automated trading systems and software here.
HWMarkets Broker Review
HWMarkets like many other binary option brokers is using the AirSoft trading platform for binary options made by Airsoft Ltd. The software we have seen popping up at many new brokers lately. You can compare trading platforms here.
The trading platform has over 100 underlying assets for binary options on Currency Pairs, Individual Shares, Commodities and Stock Market Indexes, with payouts up to 86%. They have three option types; Short Term, Long Term & Count Down. All the options are typical high/low options but the expiry times are changed. The main reason why investors enjoy the trading system has to do with the flexibility of option expiry times. You can choose really any time from from 60 seconds to 6 months. The trading platform is available in English and Arabic.
Their account types are interesting to say the least, as they are the first broker we have seen, with a minimum deposit requirement of €1,500.
HWMarkets Licensed?
The team at Scam Broker does a quick and easy test while reviewing a new binary options brokers to see if they are a legit or scam broker. We simply look to see if they are licensed by FSB South Africa, CySEC Cyprus or ASIC Australia.
HWMarkets is not a licensed broker.
Most people are interested in trading with a licensed and regulated broker so they choose one here.
ASIC Warning!
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
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