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HMS Markets belongs to the НМS LUХ S.A., a forex company registered in Luxembourg. The company provides brokerage services for banks, hedge funds and forex traders.
The HMS Markets broker is authorized by the Luxembourg Ministry of Finance that allows the company to gain access to over-the-counter financial markets and to supply consulting services in the sphere of finance and investment. The broker’s activity is supervised by the CSSF regulatory agency of Luxembourg.
HMS Markets is an independent firm and is licensed as the Commission agent and dealer of the financial instruments market. The company is also a member of the Deposit Guarantee and Investor Association. The collaborating banks provide the broker with high liquidity of trading assets and warrant an instant execution of orders.
The broker offers a huge number of trading assets, including currency pairs, futures, shares and funds. Trading is carried out through the HMS Trader 2 trading platform which ensures quick opening and closing of the positions and is fitted with the instruments of technical analysis.
I have been with HMS Markets for 6 months and I find them very professional and honest. I have done 10 withdrawals so far without any problem. Their platform is very easy to use. Just make sure you have a good internet connection to ensure the platform functions without any problem. I am very happy with HMS Markets service and I will stay with them for a very long time.
My trading experience at HMS is pretty decent. They have a stable platform with reasonable fees. And their charts are also updated. I am only quite disappointed with the lack of efficiency when processing withdrawal transactions. I have been waiting for a week now for the $200 that I withdrew and it still hasn't been transferred.
HMS Markets has a crazy minimum deposit. I can't even afford that, but one of my friends has been trading with them. He said this broker would only run behind our money without giving excellent services. He said this broker is not a reliable as they present on their ads. Their platform has a fake price, and it's not stable. Order executions are also slow. As a trader, I will never take a risk to invest my money with them.
At first, my trading activities at HMS Markets are going really well. The platform was always in good condition and I never had any problem with slippage. But lately, their platform is acting up and bugs have frequently occurred. The broker said that they are fixing it already but they are taking so long. My trades are being affected already.
This broker has so high minimum account. From that itself, I shouldn't take a risk, but instead, I opened an account at this broker. I thought with high minimum account size, they will handle clients professionally, but they didn't. I started to trade, the platform is bit hard to use, spreads get so high, and leverage is also not competitive. I don't like most from this broker, they always delay my withdrawal requests. They will only process it after two days. I will withdraw my rest balance and stop trading with them.