Hillfort Invest Review
Clients of Hillfort Invest are offered several account types, all of which are said to provide STP execution. The Standard and Premium ones offer commission-free trading with fixed spreads. Unfortunately, there are no micro tradeable lots for investors who don’t want to trade in large volumes.
Apart from the high initial deposit required, Hillfort’s trading conditions appear standard – high leverage levels and average fixed spreads. Most fixed spread brokers offer 2 pips spread for the EUR/USD pair. If you prefer trading with fixed spreads, however, you’d better check out easyMarkets – apart from offering better pricing, this broker is properly regulated, while this is not the case with Hillfort Invest.
The Company. Security of Funds
Hillfort Invest is a Russian broker that claims to have more than 15 years of experience on financial markets. It offers trading in forex pairs, various CFDs, as well as binary options.
The company behind the brand, Hillfort Invest ltd., is not regulated in Russia, but instead is registered in the British Virgin Islands, which is the common practice of many Russian brokerages.
Investing with non-regulated (and offshore) brokers is a risky thing to do, because no authority is overseeing their activity, they are not obliged to keep client money in segregated accounts, to meet any capital adequacy requirements, nor to report transactions. This means that traders as clients are not protected if something goes wrong and in many cases such brokerages simply stop answering your emails and calls and disappear with your heard-earned money.
That is why we advise traders to choose among brokers regulated by the FCA, ASIC, CySEC or another trustworthy regulatory body.
Unlike most brokers, this one does not support the popular MetaTrader 4 platform. Instead, Hillfort Invest offers its clients UTIP platform.
Developed by Russian company UTIP Technologies Ltd., the UTIP platform and provides access to wide range of trading instruments (Forex, various CFD, and more). It supports multiple chart types and is equipped with the basic trading features, Unfortunately, it does not offer automated trading strategies, such as MT4’s EAs.
At the time of writing this review, Hillfort Invest offers welcome on-deposit bonus from 20% to 60% and Refer-a-Friend bonus of 5% of the initial investment of the referred trader.
Methods of Payment
Hillfort Invest supports the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, and e-wallets WebMoney, Yandex Money, Qiwi, and others.
Hillfort Invest is a Russian forex and CFD broker that uses the UTIP platform. Its main disadvantages are the lack of regulation, lack of MT4 (and EAs), as well as the high initial deposit it requires.
Hillfort Invest Review Conclusion
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