Overview of Horuz Markets
Horuz Markets is an unregulated financial platform headquartered in Saint Vincent and the Grenadines. Horuz Markets stands out for offering an extensive array of market instruments, including Currencies, Metals, Cryptocurrencies, Index CFDs, and Commodities. While operating in an unregulated environment, it provides traders with account flexibility through Raw, Pro, and CENT types. The platform ensures accessibility with a low minimum deposit of $20 and a generous maximum leverage of 1:1000.
Horuz Markets distinguishes itself through its competitive spreads, commencing from 0.0 pips, making it an attractive choice for traders seeking optimal pricing. Traders can navigate the financial markets using the advanced MT5 and C Traders platforms.
Regulatory Status
Horuz Markets stands as an autonomous trading platform, operating independently without oversight from any financial regulatory authority. Traders and investors must acknowledge that this lack of regulatory supervision introduces an additional element of risk.
Pros and Cons
Pros of Horuz Markets:
Diverse Market Instruments: Horuz Markets provides access to a broad range of market instruments, including Currencies, Metals, Cryptocurrencies, Index CFDs, and Commodities, allowing traders to diversify their portfolios.
Flexible Account Types: With Raw, Pro, and CENT accounts, Horuz Markets provides a variety of trading preferences, offering flexibility for both novice and experienced traders.
Competitive Spreads: Traders can benefit from competitive spreads starting from 0.0 pips, enhancing the potential for cost-effective trading.
Advanced Trading Platforms: The availability of both MT5 and C Traders ensures traders have access to advanced and user-friendly platforms, accommodating various trading strategies.
Low Minimum Deposit: Horuz Markets offers a low minimum deposit of $20, making it accessible to a wide range of traders, including those who are just starting their trading journey.
Cons of Horuz Markets:
Unregulated Status: The platform operates in an unregulated environment, potentially raising concerns among traders who prioritize regulatory oversight for investor protection.
Limited Investor Protection: Due to the absence of regulation, traders on Horuz Markets may have limited recourse and protection in the event of disputes or unforeseen issues.
Learning Curve for New Traders: While offering a demo account, new traders might face a learning curve with the advanced features of platforms like MT5 and C Traders.
Dependence on Electronic Communication: Customer support relies heavily on electronic communication channels, and some traders may prefer more traditional methods, such as direct phone support.
Market Instruments
Discover a diverse array of market instruments with Horuz Markets, offering a comprehensive range of trading options:
Currencies: Engage in the dynamic world of currency trading with Horuz Markets. Explore a multitude of currency pairs, providing opportunities for traders to navigate the forex market and capitalize on currency fluctuations.
Metals: Diversify your portfolio by trading precious metals through Horuz Markets. Access markets for metals such as gold and silver, taking advantage of their unique market dynamics and potential for short-term and long-term investment strategies.
Cryptocurrencies: Stay at the forefront of digital finance with Horuz Markets' cryptocurrency offerings. Trade popular digital assets like Bitcoin, Ethereum, and more, leveraging volatility and opportunities presented by the rapidly evolving crypto market.
Index CFDs: Participate in the performance of global markets through Index CFDs with Horuz Markets. Gain exposure to major market indices, allowing for diverse investment strategies and the ability to track broader market trends.
Commodities: Seize opportunities in the commodities market with Horuz Markets. Trade a variety of commodities such as oil, natural gas, and agricultural products, providing a gateway to the global commodities market and its profit potential. Horuz Markets empowers traders with a comprehensive suite of market instruments.
Account Types
The platform provides three distinct account types – RAW, PRO, and CENT.
The RAW account demands a minimum deposit of $200 and boasts competitive spreads starting from 0.0 pips, offset by a $7 commission per lot. In contrast, the PRO account requires a more modest minimum deposit of $20, offering spreads from 1.0 pips and maintaining the same $7 commission structure. The CENT account, designed for entry-level traders, also necessitates a $20 minimum deposit but differentiates itself with wider spreads starting from 2.0 pips and, notably, does not charge any commissions.
All three accounts support USD, EUR, and GBP as base currencies, share a maximum leverage of 1:1000, and feature a minimum trading lot size of 0.01. Traders can select the account type that best aligns with their financial preferences and trading strategy.
How to Open an Account？
Opening an account with Horuz Markets is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:
Visit the Horuz Markets website and click “Register Now.”
Fill out the online application form: The form will request your personal information, financial details, and trading experience. Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.
Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.
Start trading: Once your account is verified, you're ready to explore the Horuz Markets trading platform and start making trades.
Leverage
Horuz Markets provides a maximum leverage of 1:1000, empowering traders with the potential for amplified positions in their trading activities. This high leverage allows users to control larger positions with a relatively smaller amount of capital, offering increased flexibility in their trading strategies.
Trading Platform
Explore the world of trading with Horuz Markets through cutting-edge platforms designed to enhance your trading experience:
MT5 (MetaTrader 5): Horuz Markets offers the powerful MetaTrader 5 platform, a versatile and feature-rich tool for traders. With support for multiple order types and timeframes, traders can execute precise strategies. The platform also facilitates algorithmic trading with its built-in Expert Advisors (EAs), making it an ideal choice for both novice and experienced traders seeking a robust and customizable trading environment.
cTrader: Dive into the financial markets with the cTrader platform, another exceptional offering from Horuz Markets. Renowned for its intuitive interface, cTrader provides order execution and advanced charting tools. The platform is designed to enhance transparency, offering features like Level II pricing and one-click trading. With cTrader, traders can access a variety of instruments, utilize diverse technical analysis tools, and execute trades swiftly. The platform's user-centric design makes it a popular choice for those looking for an efficient and user-friendly trading experience.
Deposit & Withdrawal
Horuz Markets prioritizes convenience and flexibility for traders by offering a variety of secure and accessible deposit and withdrawal methods. Traders can manage their funds through the following options:
Bank Transfer: Enjoy the reliability of traditional banking with easy deposit and withdrawal options through bank transfers. Horuz Markets facilitates swift and secure transactions, allowing traders to fund their accounts or withdraw profits conveniently.
Credit Card: For added convenience, Horuz Markets accepts credit card payments. Traders can use their credit cards to deposit funds, providing a quick and efficient way to kickstart their trading journey.
Neteller: Horuz Markets supports Neteller, a widely used e-wallet, enabling traders to make deposits and withdrawals. Neteller offers a secure and efficient electronic payment solution for enhanced financial management.
Bitcoin: Embrace the world of digital currency by funding your Horuz Markets account with Bitcoin. This cryptocurrency option allows for quick and secure transactions, aligning with the preferences of traders engaging in the crypto market.
Tether (USDT): For traders seeking stability in their digital transactions, Horuz Markets accepts Tether (USDT), a popular stablecoin pegged to the value of the US dollar. Traders can benefit from the stability and efficiency of USDT transactions.
Customer Support
Horuz Markets provides excellent customer support, ensuring that assistance is readily available whenever you need it. With live agents accessible 24 hours a day, seven days a week, including weekends, you can reach out for real-time support and guidance. For immediate assistance, you can contact the support line at (+44) 02032894388. Whether you have general inquiries, need technical support, or seek clarification on any trading-related matters.
Horuz Markets also values your feedback, and for any complaints, suggestions, or compliments, you can direct your communication to our dedicated email address at inquiry@horuzmarkets.com. This ensures that your concerns are addressed promptly and that we continually strive to enhance our services based on your valuable input.
Conclusion
In summary, Horuz Markets offers a diverse range of market instruments and flexible account types, providing traders with options to diversify their portfolios. Competitive spreads and advanced trading platforms further enhance the trading experience. However, its unregulated status may attract attention about investor protection, and new traders may face a learning curve with the sophisticated platforms. Additionally, dependence on electronic communication for customer support may not suit everyone.
FAQs
Q: Where is Horuz Markets based？
A: Horuz Markets is headquartered in Saint Vincent and the Grenadines.
Q: Is Horuz Markets regulated？
A: No, Horuz Markets operates in an unregulated environment.
Q: What account types does Horuz Markets offer？
A: Horuz Markets offers three account types: Raw, Pro, and CENT.
Q: What is the minimum deposit required to start trading on Horuz Markets？
A: The minimum deposit to start trading on Horuz Markets is $20.
Q: What is the maximum leverage provided by Horuz Markets？
A: Horuz Markets offers a maximum leverage of 1:1000.
Q: What trading platforms are available on Horuz Markets？
A: Horuz Markets provides access to MT5 and C Traders as trading platforms.
Q: What deposit and withdrawal methods are supported by Horuz Markets？
A: Horuz Markets supports various methods, including bank transfer, credit card, Neteller, Bitcoin, and Tether.
