HonorFX Journal

Journal status: live
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HonorFX Profile
Year
2018
Country
SVG
Branches
1
Regulation
FSC Mauritius, FSA Labuan
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Canada (BC), Canada (Quebec), Japan, Mauritius, US
Broker type
STP, DMA, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
Tier-1 Banks, Non-banks
LPs names
...

HonorFX Accounts
STP
ECN
Minimum Deposit
100 $
10000 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.2 pips
0.2 pips
Commission
0 $/lotRT
...
Volume
...
...
Margin Call
50 %
50 %
Stop Out
30 %
30 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Update broker

Is HonorFX safe?

  • Investor protection: no
  • Regulation: FSC Mauritius, FSA Labuan
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: ...
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is HonorFX trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • HonorFX website: semi-detailed, updated ★★★
  • HonorFX popularity (by visitor count): average ★★★

How HonorFX works

When HONORFX decides to deal, we will carry out the trade by executing the order directly in the market ourselves. The price feed streamed to Clients consists of liquidity from various bank and non-bank providers to ensure the Client has the best execution possible. We do not aggregate or allocate client orders when Straight Line Processing our trading flow to HONORFX’s liquidity providers.

It is HONORFX’s decision as to what markets to offer its clients and we will deal with you as principal and counterparty to each trade, providing you with two-way price quotes. As such, every market offered by HONORFX is quoted as a derivative of the underlying market and we are the only execution venue to which you have access through us.

https://honorfx.com/about-us/order-execution-policy

HonorFX provides true ECN connectivity, so our clients have direct access to other participants in equity and currency markets using best conditions for their trading experience.

https://honorfx.com/

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