Hamilton FE is a Saint Vincent and the Grenadines based forex and CFDs broker. It has 5 trading accounts that require high initial funds. It claims to provide high values of the maximum leverages and high floating spreads. Several trading assets like foreign exchange pairs, commodities, 23 indexes and others are provided to trade on a web trader trading terminal. If our readers think that the broker’s offerings are great they must consider it’s unregulated characteristics. This Hamilton FE review will explore all the possible positives and negatives of it. So let’s dwell into it, shall we!
About Hamilton FE:
The 5 trading accounts presented to traders are Micro, Mini, Silver, Gold, and Diamond that need the initial findings of $500, $2500, $5000, $10000, and $50000 respectively. The maximum leverage of 1:200 and 1:300 can be seen. Also, the higher spread values of 3.6 pips are traced by us floating on USD/EUR fx pair. To formulate unbiased and logical Hamilton FE review, we must dwell into the possible positives and negatives of it. At first, we will look at all the positives. The broker provides over fifty foreign exchange currency pairs with some exotic one’s like Hong Kong Dollars to South African Rand. Also, assets like spot metals, energy, agriculture products, and 23 major indexes are present. The broker also facilitates cryptocurrency CFDs in the major and minor crypto. Leverage level of 1:200 is offered that is generous and acclimating greatly vigorous trading style. However, one should be cautious while dealing with such leverages. Considering the risk of high leverage levels ESMA has capped leverages at 1:30.
Nevertheless, there are plenty of negatives of Hamilton FE and no proper regulation and unlicensed nature is one of them. The brand is operated by Y2 Media Group LTD a company based in SVG. Also, another firm named Solutions CM LTD registered in Bulgaria is mentioned. None of them is regulated by any financial authority. The spreads of 3.6 pips are uncompetitive and raise the cost of actual trading with Hamilton FE. The trading terminus MetaTrader is not supported and the above given initial funding is excessive. Skrill and Neteller are not offered as payment gateways.
Is Hamilton FE scam or legit?
The broker Hamilton FE is SVG based and do not hold a proper regulatory status. The initial investment, spreads and leverages are uncompetitive. MetaTrader, Skrill, and Neteller are not supported. Therefore, we claim that the broker is a potential scam broker 2020.