Huobi review
Huobi is a Multi-Assets Trading Platform with over 140+ Assets
Huobi is a multi asset platform with 140+ tradable Assets.
Assets available on Huobi include Forex trading, Spread Betting, Social trading, Share Dealing.
Huobi trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Spread Betting, Social trading, Share Dealing are considered financial assets.
Huobi review
Features of Huobi
- Social Trading available
- Copy Trading available
- Huobi offers Advanced Financial Chart comparison tools
- Huobi offers Research-backed analysis on financial markets and investments from top analysts
- The Huobi platform is available to use on multiple devices inclding and online through a Web Browser.
- Huobi offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- Huobi users benefit from using the Huobi platform in over 15 different languages
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 13 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.
Your capital is at risk
Huobi review
Is my money safe with Huobi?
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.
What are Tier 1 banks and why should Huobi use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.
What does it mean to have your funds in Huobi deposited in a Tier 1 bank?
Having any money you deposit with Huobi means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Huobi goes out of business for some reason.
Therefore, we can safely conclude that Huobi is secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Forex trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Huobi also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regrding Huobi. let us look at the Huobi features in more detail.
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
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
|
XTB
|
| Year Established | 2008 | 2006 | 2007 | 2002 |
| Head Office | Singapore | Cyprus, UK | Australia | Poland |
| Regulation | Japans Financial Services Agency (FSA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) |
| Used By | 10,000+ Huobi users | 17,000,000+ eToro users | 60,000+ IC Markets users | 250,000+ XTB users |
| Negative balance protection | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | |
| Learn More | Visit Huobi | Visit eToro | Visit IC Markets | Visit XTB |
| Risk Warning | Your capital is at risk | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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
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 for license approval, this is 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. Financial regulation and license approval is essential.
- Japans Financial Services Agency (FSA)
Huobi is regulated, 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
Is Huobi Global?
Yes, Huobi is global as Huobi is available in over 194 countries.
Huobi is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Huobi covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Huobi has a total of more than 10,000 users.
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
|
XTB
|
| Min Deposit | 1 | 200 | 200 | 0 |
| Withdrawal Fees | varies | Yes | No | varies |
| Inactivity Fees | Yes | No | No | |
| Deposit Fees | No | Varies | No | |
| CFD Commission Fees | No | Yes | Yes |
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 Cryptocurrency.
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.
How Huobi Trading Options Compare Against Other Brokers
| Broker |
huobi
|
eToro
|
IC Markets
|
XTB
|
| Instruments Available | 140 | 2000 | 232 | 4000 |
| Platforms | MetaTrader 4,MetaTrader 5,cTrader | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps |
| FX / Currencies | ||||
| Forex pairs offered | 50 | 65 | 57 | |
| Major Forex pairs | Yes | Yes | Yes | Yes |
| Minor Forex pairs | No | Yes | Yes | Yes |
| Exotic Forex pairs | No | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes |
| Commodity CFDs | ||||
| Commodities Offered | 0 | 31 | 19 | 21 |
| Metals | NO | Yes | Yes | Yes |
| Energies | NO | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes | Yes |
| Indiced & Stock CFDs | ||||
| Stocks Offered | 2042 | 110 | 1696 | |
| 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
71% of retail investor accounts lose money when trading CFDs with this provider. |
Visit IC Markets
Losses can exceed deposits |
Visit XTB
82% 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 review
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 review
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 :
- 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. learn more about Huobi
Huobi Payment Methods
- Huobi accepts Cryptocurrency
| Broker |
huobi
|
eToro
|
IC Markets
|
XTB
|
| Bank transfer | No | Yes | Yes | Yes |
| Credit Cards | No | Yes | Yes | Yes |
| Paypal | No | Yes | Yes | Yes |
| Skrill | No | Yes | Yes | Yes |
| Payoneer | No | Yes | No | Yes |
| Neteller | No | Yes | Yes | Yes |
*please note available Huobi and other broker payment methods depend on the clients country of residence.
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. 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. 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
|
XTB
|
| Support |
|
|
|
|
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish |
| Learn More | Visit Huobi | Visit eToro | Visit IC Markets | Visit XTB |
| Risk Warning | Your capital is at risk | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 January 20, 2021.
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 13 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.
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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 vs eToro
- Huobi vs ICMarkets
- Huobi vs XTB
- Huobi vs FPMarkets
- Huobi vs Roboforex
- Huobi vs Trading212
- Huobi vs Plus500
- Huobi vs Pepperstone
- Huobi vs easyMarkets
- Huobi vs XM
- Huobi vs FXPrimus
- Huobi vs SpreadEx
- Huobi vs Forex.com
- Huobi vs CityIndex
- Huobi vs OctaFX
- Huobi vs NordFX
- Huobi vs Markets.com
- Huobi vs IG
- Huobi vs HYCM
- Huobi vs Axitrader
- Huobi vs Swissquote
- Huobi vs AvaTrade
- Huobi vs ForexMart
- Huobi vs Eightcap
- Huobi vs AdmiralMarkets
- Huobi vs ForTrade
- Huobi vs FxPro
- Huobi vs PhoenixMarkets
Huobi review
HUOBI Frequently Asked Questions
Read our detailed Huobi FAQ Section updated for 2021.
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 Cryptocurrency, among other payment methods.
Learn more here
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.
Your capital is at risk
Is Huobi trading good?
Huobi is considered good and reputable to trade with Huobi. Huobi is used by over 10,000 active traders and Huobi users. Huobi offers Forex trading, Spread Betting trading, Social 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 13 years. Huobi offers clients Forex trading, Spread Betting trading, Social 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, Spread Betting trading, Social 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). Regulatory bodies conduct regular reviews and audits as part of Huobi maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
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 13 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 10,000 registered Huobi users.
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 Huobi users and 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?
Please note that funding methods available with Huobi can be found in the Huobi Members area and depend on the Huobi client’s country of residence. Please check your specific available payment methods on the Huobi website. Huobi accept the following funding methods : Cryptocurrency.
Huobi review written by Andrew Blumer and Mark Hansen
