Huobi Review 2021

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 trading fees that you need to be aware of as they may affect your bottom line.

How Huobi Fees Compare Against Other Brokers

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 trading 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 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Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.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, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

Huobi for example allow you to withdraw your funds to Cryptocurrency.

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 Desposit Fees

Huobi does charge deposit fees.

You must always review deposit fees as 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 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
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

Is the Huobi Trading Platform Secure?

Huobi safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Huobi also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Huobi.

Huobi Trading Platform Options

Once you have logged into your Huobi account you will see the below trading platform options available to you.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)

Huobi does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options Huobi gives you.

Huobi review
Huobi MetaTrader 4 (MT4)

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Huobi. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Huobi in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Huobi MetaTrader 4 is compatible with the latest macOS Mojave. Huobi allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Huobi

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Huobi MetaTrader 4 on IOS Devices

You can download the Huobi app or also trade with Huobi through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Huobi MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Huobi provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Huobi MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Huobi MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

• Analyst Perspectives - A go-to resource for leadership and key levels.
• Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Huobi MetaTrader 4 Advanced Trading Tools

The Huobi advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Huobi offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Huobi MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Huobi MetaTrader 4 & MetaTrader 5 AutoChartist

Huobi Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Huobi review
Huobi MetaTrader 5 (MT5)

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Huobi MetaTrader 5 WebTrader

Access your Huobi MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

Huobi review
Huobi MT5 Buying and Selling

Huobi MetaTrader 5 on IOS Devices

Huobi MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Huobi MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Huobi MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to Huobi trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

Huobi Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

• Financial instrument quotes
• View in depth price charts of financial instruments
• Manage trades and open positions
• View your trading history
• View market news
• MetaTrader internal messaging
• View and research market statics of Huobi financial instruments
• Position opening and closing
• Lookup symbols in the quotes section
• Display of deals on graphs
• Timeframe selection for graphs and charts
• Additional vertical scaling of graphs
• Capability to transfer accounts to other devices using QR codes
• Information is available only if it's supplied by Huobi
• Access the OTP generator through FaceID or fingerprint

Huobi MetaTrader 5 Advanced Trading Tools

Huobi MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

• Depth of market bids and asks
• Price Data
• Margin Calculation, Futures, Forex
• Advanced Techincal Analysis
• One click trading
• Spreads
• Futures
• Trading Reports

Huobi Trading benefits

• Low min deposit

Huobi Trading Accounts Offered

Below we give an overview on the account types that Huobi offer. Whatever you are looking to trade the varying Huobi account types will be able to provide you with what you need.

• 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 Huobi payment methods below depend on the Huobi Entity and the Clients Country of Residence.

All available Huobi payment methods available to you can be found in your Huobi members area checked on the Huobi website.

Huobi offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Huobi

Huobi Payment Methods

• Huobi accepts Cryptocurrency

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. You will need to provide some basic documentation to prove your identity as part of Huobi onboarding and normal KYC identity checks. These checks are standard practice and help Huobi provide a safe financial environment for their 10,000 users.

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. Make sure you make full use of all education tools. This includes eduction tools with Huobi and externally.

Huobi offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing 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

As part of our Huobi review we review customer service options, response times and Huobi trading platform problem resolution effectiveness.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

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 April 12, 2021.

Huobi review written by Andrew Blumer and Mark Hansen