Horizon FX Pro Review: Beware of this Platform

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Horizon FX Pro review
  • Deposit and safety of funds
  • License and Compliance
  • Payouts and Withdrawals
  • Trading Platform
  • User Experience
0.8

Summary

There’s a warning regarding the trading platform, Horizon FX Pro. The platform fails to allow members to make any withdrawals. Here’s the complete horizonfxpro.com review.

Horizon FX Pro (horizonfxpro.com) is another trading platform you must avoid. The platform is in the crosshairs of several regulators in Europe. CNMV and CONSOB plan to issue a press statement warning investors from using the platform. We have to dig deep to find out why the platform is such a high risk. Several members indicated their disgust with the platform’s withdrawal policies. Here’s what we found out in our detailed HORIZON FX PRO REVIEW.

Note: If you want to invest safely in the forex markets, we recommend using the right tools. These include tools backed by experts and the trading community. Go for the best forex trading robots the industry has to offer.

About Horizon FX Pro

The platform claims to have over 200 trading pairs with multiple crypto assets. With crypto being a volatile market, every platform wants to have a hand in it. Unfortunately, the platform is in complete disarray, thanks to the design.

Horizon FX Pro Pros and Cons

We spotted several design flaws immediately after landing on the homepage. First, navigating through the website is a hassle as the platform pumps the website with information. And that makes the user experience one to forget.

You don’t get to see their background and history, which tells you there are hiding something. The platform is silent when it comes to its mission and objective statement. In the forex world, your reputation means everything to investors.

There’s no way investors get to know the reputation of these users. And that’s a huge problem for investors. The platform openly fails to offer any human interaction aspect. You won’t even get to talk to a representative on the platform.

Other features also make us question the intent of the platform. For example, why do clients have to declare their earnings with the platform? In addition, the platform claims offices in Beach Mont, Buenos Aires, and London.

Before you invest in any platform, experts recommend doing due diligence. Try and find out what makes a platform tick. It’s the best way to protect yourself from such scams. You can also reach out and request a review on your behalf.

Accounts Horizon FX Pro

There are three account tiers to choose from on Horizon FX Pro. These are Pro, VIP, and Corporate accounts. Each of these accounts explicitly targets a different trading demographic. The accounts also offer several distinctive features.

Here’s a closer look at each of these accounts;

Pro

You have to deposit a minimum of $100 to get started with the account. The maximum leverage with the pro account is 1:500. Members use all strategies with spreads starting from 0.0 pips on all accounts.

VIP

For the VIP account holder, there’s a minimum investment requirement of $2,500. You also have to keep a minimum balance of $1,000 to continue using the account. Leverage is also set at 1:500, with the minimum lot size at 0.5 on all accounts.

Corporate

It’s the most exclusive account with the platform targeting institutional investors. There’s a minimum required deposit of $100,000 with this account. In addition, you have to keep a minimum balance of 10,000 to get started.

Account features

Accounts Horizon FX Pro

From the onset, we can tell you that these are harsh features. The maximum leverage is way above the industry recommended maximum. In Europe, regulators have set the maximum leverage at 1:100.

There’s no excuse for why the platform chooses to put trading positions at risk. Only experienced traders take advantage of high leverage. And this is on rare occasions and certain assets such as cryptocurrencies.

The demo account is also a huge problem as it doesn’t incorporate the set features. You get a demo account offering only buy and sell options. It’s not what you would expect from a real demo account that integrates leading platforms.

On the homepage, the platform promises a spread of 0.3 pips. The account page differs as the spread is 0.0 pips. The platform mumbles up the features to fool investors. We also see the homepage listing the maximum leverage at 1:1000.

Assets and trading instruments Horizon FX Pro

Are funds safe with horizonfxpro.com? NO

There are five classes of trading instruments available on the platform. These include commodities, cryptocurrencies, forex, indices, and stocks. Some of the commodities to find include crude oil and natural gas.

Some of the cryptocurrencies you will find include Bitcoin, Ethereum, Litecoin, and Ripple. The platform pairs these coins against each other and major currencies. Example BTC/USD, ETH/USD, and more.

Forex trading is at the epicenter of the platform’s activities. The platform offers major and minor currency pairs. Sadly, members don’t get to spread their risks with exotic pairs as they are missing from the trading assets.

We also have indices that give rise to today’s traders making a living from the markets. Some of the indices to find include DAX, NASDAQ, NIKKEI, S&P 500, etc. Traders get to trade and predict the prices of some of the global products and services.

Stock trading has been around for years. The platform offers shares from leading companies from all sectors. These include shares from the manufacturing, tech, and textile industries. Some of the most traded shares include those of tech giants Apple, Google, and Microsoft.

Business holder

There’s little information to point to who owns or runs the platform. And that makes Horizon FX Pro an anonymous forex trading platform. But, of course, you don’t want to invest in an anonymous trading platform for security reasons.

The problem with such platforms is that there’s no way of recovering funds in case of insolvency. That’s why the platform’s owners want to remain anonymous and avoid such scenarios.

Those who claim to hire recovery agents don’t know that these agents are just using them. Moreover, the agents don’t have the mandate to freeze bank accounts belonging to the platform owners. Only regulators have the power to do so after completing an investigation.

Recovery agents are part of the scam as they buy your information from the platform. These agents reach out and claim to have won a lawsuit against the platform. All you have to do to get part of the settlement is cover legal fees.

Please don’t send any fees to these agents, as once you do, that’s the last you will hear from them. These agents are the final nail in your coffin. Most of the agents don’t even have any experience with trading.

Is Horizon FX Pro Licensed or Regulated? NO

Compliance, License, and Regulation Horizon FX Pro

Horizon FX Pro is not a licensed platform and doesn’t hold valid certificates. The business itself doesn’t have a business registration certificate. That means the platform fails to follow any legal framework.

That’s why the platform uses harsh trading conditions such as high leverage. There’s no one stopping them from doing so. As a result, the member loses more than just their funds and their information.

Deposit and fund safety Horizon FX Pro

There’s no deposit of funds on a platform where segregation of funds is unavailable. The platform also fails to offer a safety net for members. There’s no insurance cover for deposits made by clients.

Final remarks horizonfx.com

After seeing what victims have gone through, we urge that you stay away from horizonfxpro.com. The platform will try and squeeze every penny from you.

PS: Go for the best trading tools the industry has to offer.

Feel free to drop a comment or email us with any queries.

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