House of Borse Review

houseofborse.com in brief

House of Borse is an international financial services company that is authorized and regulated by the Financial Conduct Authority (FCA). Customers can trade a wide variety of markets, including CFDs on currency pairs, commodities, and indices through one of the world’s most widely used trading terminals – MetaTrader 5 (MT5) with floating spreads. The company claims to offer deep liquidity, tight spreads operating under the ECN/DMA trading model.  It focuses exclusively on professional and institutional clients. You can start trading with USD 5,000.

Regulation

It is important to know about the company’s regulations. House of Borse is a trading name of House Of Borse Limited, which is authorized and regulated by the Financial Conduct Authority (FCA), under Firm Reference Number 631382. As an FCA regulated firm, House of Borse is obligated to meet the rigorous standards set by the FCA and submit financial reports on a regular basis. Client funds are held in an FCA approved Tier 1 bank. Funds transferred by clients to House of Borse will be received directly into a segregated client bank account at Barclays bank PLC. House of Borse is a member of the Financial Services Compensation Scheme (FSCS).

Account Types

There are three types of trading accounts, which differ mainly in the minimum required amount traded per month and the accrued commission.

Silver Trader account – If your amount traded per month is below USD 100 million, then you will be classified in this type of account. The commission here is USD 7 per 100,000 units traded.

Gold Trader account – You are required to trade at least 1 billion units per month to be classified in this type of account. The commission here is USD 6 per 100,000 units traded.

Platinum Trader account – If your amount traded per month is more than 1 billion units, then you will be selected for the Platinum Trader account. The commission here is USD 5 per 100,000 units traded.

There are no differences in trading sizes and trading platforms for all types of accounts.

What Type of Brokerage the Company Is?

The company informs that House of Borse operates under the ECN/DMA trading model. This means that it does not take any risk and all client trades are passed straight through to the market, and there is no conflict of interest. House of Borse connects traders directly to the Interbank Market and uses aggregated prices from multiple liquidity providers. The “Order Execution Policy” file shows that House of Borse Ltd provides to its client a Direct Market Access with all trades executed directly in the market at actual, true live conditions without any manipulations, without any exceptions or any delays. It is also noted that House of Borse is dealing with one main aggregator (Saxo Capital Markets Limited), which aggregates price feeds from 21 liquidity providers. It is also written that when orders are received by the company via the trading platform, the orders are automatically routed to an execution venue. In other words, House of Borse uses the Straight Through Processing (STP) model to fulfill client orders, hedging all risk with its liquidity providers. Therefore, there is no conflict of interest, and the company earns money only from the spread and commissions.

The “Risk Disclosure Statement” document informs that placing a stop-loss order will not necessarily limit your losses to the intended amounts, as market conditions may make it impossible to execute such an order at the stipulated price. There is a substantial risk that stop-loss orders left to protect open positions held over the weekend will be executed at levels significantly worse than their specified price.

The same file warns that when trading margin transactions, you may lose more than your initial investment. Because the company works exclusively with professional clients, they may lose more than they deposit. In other words, they are not covered by the Negative Balance Protection policy.

Fees

There is no inactivity fee, so you can determine the time frame in which you want to trade. Of course, there are common fees such as spread, swap and rollover.

Deposits and Withdrawals

Deposits can be made by bank transfer and credit or debit cards. Third party payments or cash deposits are not accepted. The typical deposit time for bank deposits can be from 1 to 5 working days and for credit cards it is within 24 to 48 hours of payment being authorized by the card issuer, the company informs.

Withdrawals are made using the same channel as deposits. All withdrawal requests are processed within two business days if received by House of Borse before 11am UK time on any business day. You must complete a “Withdrawal Request Form” and send it to company mail.

There are fees applicable to card payments and they are described on the relevant website.

Trading Platforms

You can trade via one of the most popular trading platforms in the industry – MetaTrader 5 (MT5). Continuing the successful line of its predecessor, МТ 5 is a powerful all-in-one platform that provides you with everything you need to trade the financial markets. It is both powerful and easy to use, allowing you to customize its layout to suit your trading style. Built-in with a large selection of pre-installed technical indicators and graphics, MT5 allows you to analyze markets, place orders and manage your exposure with ease. In addition to technical and fundamental analysis tools, МТ 5 can also trade automatically using trading robots (EAs) and trading signals. In addition to the desktop and mobile versions, the platform is available online and can be accessed from any device.

Assets

There are more than 80 instruments available for trading

Forex – 26 majors, 20 minor, and 20 exotic currency pairs can be traded. The average spread for the EUR/USD pair is 0.5 pips. Margin is dynamic and depends on the instrument and amount traded. The necessary margin for the EUR/USD pair is 1% (0-50 lots), 2% (50.01-100 lots), 3% (100.01-150 lots), 5% (150.01-200 lots) and 10% (200.01+ lots).

Indices – You can trade 18 CFDs on the most popular major and minor indices globally, such as DJIA, S&P500, and FTSE100. The necessary margin for the DAX index is 1% (0-50 lots), 2% (50.01-100 lots), 3% (100.01-150 lots), 4% (150.01-200 lots), 5% (200.01-250 lots) and 10% (250+ lots).

Commodities – 2 precious metals (Gold and Silver), and 2 energies (WTI Crude Oil and Brent Oil). The average spread for Gold is USD0.25 and for Crude Oil it is USD0.038. The necessary margin for the WTI Oil is 5% (0-50 lots), 10% (50.01-100 lots), 15% (100.01-150 lots), 20% (150.01-200 lots), 25% (200.01-250 lots) and 30% (250+ lots).

Shares – You can trade CFDs on 31 shares of UK companies, on 413 shares of US companies, on 25 shares of German companies, and on 15 shares if French companies. The necessary margin is between 10% and 25%. The average spread for Apple Inc shares is USD 0.3.

Cryptocurrencies – CFDs on 4 cryptocurrencies are available – Bitcoin, Ethereum, Litecoin, and Ripple. The average spread for Bitcoin is USD 1,120 and the necessary margin is 100%.

Data Center

ETO Markets claims its servers are in London in the Equinix data center LD4, which helps ensure low latency and fast order execution. Equinix is known as the world’s most reliable data center.

Summary

House of Borse has an FCA regulation and uses the STP model to execute orders, so the main conflict of interest does not exist here. The company provides CFDs on many trading instruments via the well-known terminal MT5. There are three types of real accounts designed primarily for professional clients. In addition to the spread, you will be charged a commission within USD5-USD7 per lot traded. You can start trading by investing at least USD 5,000.