Huobi Review 2020

Huobi Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
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Huobi Guide - Read our In Depth Huobi Review

This Huobi review was written by industry experts with over 20 years of financial experience in Forex trading, Spread Betting, Social trading, Share Dealing.

Huobi are an online broker founded in 2008 offering Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Huobi are a global broker and have a head office in Singapore.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Huobi we breakdown the pros and cons. What Huobi are able to offer, what countries Huobi are available in. Who Huobi are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Huobi

Open Huobi's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Huobi

With this Huobi review we hope to help you see if Huobi is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Huobi that will help you get off to a good start in the world of online trading.

Huobi Review Table of Contents

Huobi review
What you should know

Huobi offer four ways to trade: Forex trading, Spread Betting, Social trading, Share Dealing.

With Huobi you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with Huobi platform.

Huobi are able to accommodate various levels of traders whether you are experienced or a beginner.


Huobi review
Are Huobi safe?

When choosing a broker like Huobi the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years Huobi have a head office in Singapore.

Huobi is regulated. This means Huobi are supervised by and is checked for conduct by the Japans Financial Services Agency (FSA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Huobi, this will be honored. If Huobi violate any regulatory rules their regulated status could be stripped.

Any payments funded to Huobi accounts by traders are held in a segregated bank account.

For added security Huobi use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Huobi. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Huobi

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Huobi as a Company Compare Against Other Brokers

Broker huobi eToro IC Markets Trading212
Year Established 2008 2006 2007 2006
Head Office Singapore Cyprus, UK Australia UK
Regulation Japans Financial Services Agency (FSA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Huobi Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Huobi review
Huobi Pros and Cons

What we like about Huobi

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Japans Financial Services Agency (FSA)
  • Min. deposit from $1

What we don't like about Huobi

Huobi review
Huobi Regulation and Licensing in more detail

We have checked and Huobi is regulated and supervised by reputable organisations. You are able to check every Huobi supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Huobi. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Huobi traders and provide a safe trading environment.

  • Japans Financial Services Agency (FSA)

Huobi is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Huobi you should be sure they're legitimate online agent.

Huobi review
Huobi Fees Explained

  • Huobi withdrawal fees varies on payment method
  • Huobi does charge a fee for inactive accounts.
  • Huobi does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Huobi Fees Compare Against Other Brokers

Broker huobi eToro IC Markets Trading212
Min Deposit 1 200 200 1
Withdrawal Fees varies Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes No

Huobi review
Huobi Minimum Deposit

Huobi require a minimum desposit of 1 GBP/USD when opening an Huobi trading account.

A minimum deposit is the minimum amount of money required by Huobi to open a new online brokerage account with them.

Dont be scared off by brokers like Huobi charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Huobi review
Huobi Withdrawal Fees

Huobi withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Huobi for example allow you to withdraw your funds to

Huobi review
Huobi Inactivity Fees

Huobi does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Huobi review
Huobi Desposit Fees

Huobi does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Huobi review
Huobi Commission Fees

Huobi does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Huobi review
What can you trade with Huobi?

Be aware that Different entities under Huobi Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Huobi over 140 instruments infact.

If you are looking at trading currency pairs Huobi offer over currency pairs.

Compare Huobi with eToro and IC Markets below.

Your capital is at risk

How Huobi Trading Options Compare Against Other Brokers

Broker huobi eToro IC Markets Trading212
Instruments Available 140 100 232 3000
Platforms MetaTrader 4,MetaTrader 5,cTrader Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 177
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 0 19 14
Metals NO Yes Yes Yes
Energies NO Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1731
UK Shares NO Yes No Yes
US Shares No Yes Yes Yes
German Shares NO Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Huobi
Your capital is at risk
Visit eToro
75% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit Trading 212
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Huobi review
Trading on Huobi web platforms and other applications

Huobi is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Huobi also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Huobi's platforms

Huobi Trading benefits :

  • Low min deposit

Huobi Trading Accounts Offered :

  • Mini account
  • Standard account
  • Islamic account

Can I try Huobi before I buy?

Huobi offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Huobi withdrawal and funding methods.

Please note that the list of payment methods below depend on the Huobi Entity and the Clients Country of Residence.

Huobi offer the below funding payment methods. learn more about Huobi

  • Credit cards
Broker huobi eToro IC Markets Trading212
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No No No No
Neteller No Yes Yes No

How can I start trading with Huobi?

When opening a trading account with Huobi, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Huobi trading platforms here.

Your capital is at risk

Performing trades with Huobi

Huobi allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Huobi allow you to execute a maxium trade of varies.

As a market maker, Huobi may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Huobi

To trade effectively with Huobi, it's important to get a have a good understanding of the Huobi trading tools and the markets.

Huobi offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Huobi.

Take time to look around the Huobi platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Huobi

Huobi support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Huobi have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Huobi less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages.

Livechat Support at Huobi

We tested the Huobi live chat and it works well. We sent messages to Huobi livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Huobi support in multiple languages in multiple countries. Huobi where able to resolve our customer issues.

Email Support at Huobi

We sent several emails to Huobi and answer times overall were excellent. The fastest response from Huobi was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Huobi, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Huobi.

Phone Support at Huobi

Huobi does not offer Phone Support.

See how Huobi Support Compares Against Other Brokers

Broker huobi eToro IC Markets Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit Huobi Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Huobi

As Huobi is regulated by Japans Financial Services Agency (FSA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Huobi Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Huobi's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Huobi you can visit the Huobi trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.huobi.com/ on 12th August 2018.

Huobi review
Is Huobi A Good Broker?

We spent over 3 months examining Huobi in depth. Although we found some very useful aspects of the Huobi platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Huobi broker.

  • Huobi have a good track record of offering Forex trading, Spread Betting, Social trading, Share Dealing.
  • Huobi has a history of over 12 years.
  • Huobi has a reasonable sized customer support of at least 10.
  • Huobi are regulated by Japans Financial Services Agency (FSA). This means Huobi fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Huobi have regulation from a Tier 1 reputable country.
  • Huobi has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Huobi have an international presence in multiple countries. This includes local Huobi seminars and training.
  • Huobi are able to hire people from various locations in the world who can better communicate in your local language.

Huobi Risk Disclaimer

Your capital is at risk

Huobi review
Huobi not quite right?

If after reading this Huobi review, Huobi does not fulfill your needs check out these Huobi Alternatives.

Click here to view the best Huobi Alternatives

We have spent years researching the best alternatives to Huobi. Click the links below to learn more.

If you feel some of the above Huobi are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Huobi alternatives below.

Huobi review
Related Huobi Vs Comparisons

We have covered allot in this Huobi review, If you want to see how Huobi compares side by side with other brokers check out our Huobi Vs pages.

If you would like to see how Huobi stands up against other brokers you can read some of our Huobi comparisons below. We compare side by side some of our top rated Huobi versus comparisons. Read our indepth Huobi VS pages below.

Huobi review
HUOBI Frequently Asked Questions

Can I try Huobi before I buy?

Huobi do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Huobi accept?

Please note that the list of payment methods below depend on the Huobi Entity and the Clients Country of Residence.

Huobi offer the following funding payment methods accept Credit cards, among other payment methods.
Learn more here

Your capital is at risk

Is Huobi safe?

Huobi are considered safe as they are regulated by and checked for conduct by the Japans Financial Services Agency (FSA). Any payments funded to Huobi accounts by traders are held in a segregated bank account. For added security Huobi use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Huobi trading good?

Huobi is considered good and reputable to trade with. HuobiHuobi is used by over Huobi active traders. Huobi offers Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with Huobi is 1.

Is Huobi trading Legit?

Huobi was founded in Singapore in 2008. Huobi has been facilitating trade on the financial markets for over 12 years. Huobi offers clients Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to Huobi are held in segregated tier 1 bank accounts for security. Huobi is regulated by Japans Financial Services Agency (FSA) so can be considered legit.

Is Huobi a good broker?

Huobi is overseen by the top tier financial regulators Japans Financial Services Agency (FSA) so can be considered a good broker. Huobi allows Forex trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is Huobi trustworthy broker?

Huobi can be considered trustworthy. All money funded to Huobi is placed into a segregated tier 1 bank account. this means your money in not held by Huobi directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Huobi is regulated by Japans Financial Services Agency (FSA).

What is the minimum deposit for Huobi?

The minimum deposit to trade with Huobi is 1.

How long do Huobi withdrawals take?

Withdrawing money from Huobi processing time varies but averages 2-5 days.

Is Huobi regulated?

Huobi is regulated by Japans Financial Services Agency (FSA).

Is Huobi a market maker?

Huobi is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Huobi?

When opening a trading account with Huobi, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Huobi trading platforms here.

Is my money safe with Huobi?

Huobi is regulated by Japans Financial Services Agency (FSA). One of the most important criteria for traders when choosing a broker like Huobi is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Huobi, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Huobi a con?

Huobi is regulated and well established having been in business for over 12 years. Huobi is definitely not a con.

Can you make money with Huobi?

Although traders have had great success with Huobi. Trading on the financial markets with Huobi is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Huobi have fees?

Huobi withdrawal fees varies on payment method. Huobi does charge a fee for inactive accounts. Huobi does charge deposit fees.

When was Huobi founded?

Huobi was founded in 2008.

How many people use Huobi?

Huobi is used by over 10000 registered traders.

What is Huobi Headquarters country?

Huobi has its head quarters office in Singapore.

Does Huobi offer negative balance protection?

Huobi does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Huobi offer guaranteed stop loss?

Huobi does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Huobi allow scalping?

Huobi does not offer scalping.

Does Huobi allow hedging?

Huobi does not offer hedging.

Does Huobi offer CFD trading?

Huobi does not offer CFD trading.

Does Huobi offer STP?

Huobi does not offer STP trading.

How many people use Huobi?

Huobi is used by over 10000 traders.

Is Huobi an ECN broker?

Huobi does not offer ECN trading.

Does Huobi offer a demo account?

Huobi does not offer demo account.

Does Huobi offer an Islamic account?

Huobi offers a Islamic accounts.

What are the funding methods for Huobi?

Huobi accept the following funding methods : Credit cards,

Huobi review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Huobi brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Huobi review written by Mark Hansen of Comparebrokers.co