Huobit Pro is a forex broker officially registered on March 4, 2024. This broker primarily offers a wide range of trading markets through its proprietary trading platform, including forex, metals, commodities, indices, etc., and does not operate in the United States, Iran, North Korea, and other regions.
Corporate Registration Information and Regulatory Status:
Public information on Huobit Pro's official website shows that its corporate entity is Huobit Pro Limited. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Huobit Pro is also a registered member of THE FINANCIAL COMMISSION.
In addition, the broker's official website indicates that its UK registered entity is Y&C FINANCIAL INVESTMENT CO., LTD, with the company registration number 15172116. Y&C FINANCIAL INVESTMENT CO., LTD is registered with the US Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA), with MSB number 31000254808319 and NFA ID 0559240.
Upon verification, the official website of the Australian Securities and Investments Commission (ASIC) shows that the license number 296805 corresponds to the corporate entity DLS MARKETS (AUST) PTY LTD, while the website of the Vanuatu Financial Services Commission (VFSC) shows that the license number 700455 corresponds to the corporate entity DLS MARKETS LIMITED. Moreover, THE FINANCIAL COMMISSION has not listed Huobit Pro as a registered member. The information on Huobit Pro's website about Y&C FINANCIAL INVESTMENT CO., LTD is plagiarized from another fraudulent broker's website https://www.ycsa7.com.
Furthermore, the "Terms and Conditions" section of the broker's website provides symbols instead of actual documents, which cannot be opened.
Account Opening:
To open an account with Huobit Pro: Visit the broker's official website, click on “Open Account” to enter the registration interface, submit your personal email address, and set a login password. After submission, the account can be successfully registered. A full KYC verification is required before deposit trading can be completed.
Account Types:
Huobit Pro offers two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit amount: $200
- Spread: From 1.0 pips
- Maximum trading leverage: 1:500
- Trading commission: $0
ECN ACCOUNT
- Minimum deposit amount: $200
- Spread: From 0 pips
- Maximum trading leverage: 1:500
- Trading commission: $6 per round trade
Trading Platform:
Huobit Pro claims to offer the MT4 trading platform on its official website, but in reality, it uses a proprietary trading platform, and the broker is not found on MT4.
Deposits and Withdrawals:
Huobit Pro supports deposits and withdrawals using credit/debit cards, e-wallets, bank wire transfers, and other methods.
Conclusion:
Traderknows reminds investors that Huobit Pro is actually an unregistered, unregulated scam website that does not provide any contact information. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
