Hamilton FE Review
The broker Hamilton FE is operational from Saint Vincent and the Grenadines but claims to be situated in Bulgaria. It provides CFDs over many cryptocurrencies and assets like foreign exchange, metals, agro and energy products, commodities as well as indices. All of these assets can be traded on the five different trading account choices. The higher spreads and elevated maximum leverages are offered. All of the trading facility mentioned above can be traded on a web traders trading platform. However, the broker is uneasy to trade as it is unregulated. A detailed synopsis is presented in this Hamilton FE review.
About Hamilton FE:
The names of the provided five trading accounts and needed minimum deposits are as follows – Micro need $500, Mini need $2500, Silver needs $5000, Gold need $10000, and Diamond needs $50000. The leverage ratio of 1:200 and 1:300 are higher and lucrative. Spreads are floating around 3.6 pips on the primary crypto exchange pair of USD-BTC.
Some positives of Hamilton FE are as follows. The crypto broker Hamilton FE has many cryptocurrencies to offer from a minor, major, to exotic. They are Bitcoin, Ethereum, Ripple, Dash, EOS, IOTA, Stellar, Qtum, Tron, NEO, Litecoin, and several others. Other tradable assets are over 23 primary indices, EFTs, Bonds, Stocks, Foreign Exchange pairs and more.
All of the negatives are discussed below. A company based in Saint Vincent and the Grenadines dubbed Y2 Media Group LTD. Also, a Bulgarian company entitled Solutions CM LTD is also mentioned on the website. As we all now know that the brokers from SVG are not governed by financial authorities. Also, countless brokers from here are identified as a scam broker. The spreads of 3.6 pips are not favourable and escalate the comprehensive cost of trading at Hamilton FE. Furthermore, 200:1 leverage ratios are not competitive and loss causing. Such high and loss causing leverages are outlawed from the properly managed trading markets. The broker gives trading access on the web trader trading terminal. Many regulated crypto brokers offer Meta Trader that has many advantages over a web trader. Also, the minimum deposits need of $500 to open a basic trading account is very high. Payment methods like Neteller and Skrill are not accessible at this broker.
Is Hamilton FE scam or legit?
The crypto broker Hamilton is a potential scam cryptocurrency broker. The reasons are unregulated and overseas nature, high leverage ratios, non-competitive spreads, high minimum deposits, and lack of Meta Trader, Skrill and Neteller.