Investors Buz – Global Markets Roundup
Founded in early 2013, HiwayFX is new forex broker that joined the forex arena in the beginning of 2014. The HiwayFX brand is owned by Hiway Capital Ltd – based on the islands of St Vincent and the Grenadines. However the website itself is managed and operated by a separate sister company based in Gibraltar called Hiway Markets Ltd. Legal legitimacy to operate as a financial services provider within the Eurozone is provided by a CIF license (#252/14) issued by the Cyprus Securities Exchange Commission
As for the trading platform available at HiwayFX, they operate with the industry-proven MetaTrader 4 (MT4) trading platform developed by MetaQuotes Software Corp. The platform features a wide range of trading tools as well as being extremely versatile. With the built in API programming language, traders can create their own Expert Advisors (EAs) to automate the trading process based on their own customized trading rules. For traders wanting to trade on their smartphones or mobile devices, mobile versions of the MT4 platform are also available for downloading.
At HiwayFX, they have only 2 main types of trading account; Standard Non Dealing Desk (NDD) account and ECN NDD account. The standard account is ideal for beginners since the minimum initial deposit starts from only $20. With it, you can get to trade in forex, metals, energy and market indices. For the more experienced traders who want lower trading costs, they can opt for the ECN NDD trading account. This account requires a minimum deposit of $1000.