Overview of Hui deli global
Hui Deli Global is a financial company with a presence in the global market. It was established in 2021 under the company name Cang Limited. The regulatory license of Hui deli global raises suspicions and requires careful consideration. The minimum deposit to open an account with Hui deli global is $500, providing access to a single trading account.
Hui deli global offers a maximum leverage of 1:500, allowing traders to potentially amplify their trading positions. The spreads on the platform are variable, meaning they may fluctuate depending on market conditions. The broker operates on a non-MT4/MT5 trading platform, providing an alternative option for traders who seek a different trading experience.
In terms of tradable assets, Hui deli global provides opportunities to trade forex, CFDs, and cryptocurrencies. While the presence of a demo account is advantageous for traders to practice and test their strategies, there is no Islamic account option available for those requiring compliance with Islamic principles of finance.
Customer support at Hui deli global is available through email, with the provided contact being support@cang-global.com. However, specific details about payment methods are not specified, which may lead to uncertainty for potential clients. Furthermore, the broker does not offer any educational tools or resources to assist traders in expanding their knowledge and skills.
Is Hui deli global legit or a scam？
The regulatory claims of Hui deli global have left us in a state of uncertainty and skepticism. Despite boasting about their NFA (National Futures Association) regulations and holding an NFA license, our attempts to validate this information through the official NFA website have left us empty-handed.
Therefore, This puzzling discrepancy regarding the NFA regulation raises a flurry of questions about the authenticity and transparency of Hui deli global.
Pros and Cons
Market Intruments
Hui deli global presents a limited yet diverse range of trading instruments for aspiring traders, including forex, CFDs, and cryptocurrencies.
Forex, also known as foreign exchange, represents the largest and most liquid market globally. It allows traders to engage in the buying and selling of currency pairs, aiming to capitalize on fluctuations in exchange rates.
CFDs enable traders to speculate on the price movements of various financial instruments, such as stocks, indices, commodities, and more.
Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, have revolutionized the financial industry with their decentralized and blockchain-based nature.
Account Types
Hui deli global simplifies its account offerings by providing a single account option for traders. To open an account with Hui deli global, a minimum deposit of $1000 is required. It's important to note that this minimum deposit requirement is relatively higher compared to many other brokers in the industry. The higher minimum deposit may pose a barrier for some traders, particularly those who are just starting or have limited capital to invest.
Hui deli global provides a demo account option. A demo account allows traders to practice their trading strategies and explore the platform's features without risking real money. This is particularly beneficial for new traders who want to gain experience and confidence in their trading skills before transitioning to live trading.
Leverage
Hui deli global offers a leverage ratio of up to 1:200. The high leverage ratio offered by Hui deli global provides traders with the flexibility to take advantage of market movements and potentially generate higher returns on their investments. However, it's crucial to note that higher leverage also increases the exposure to potential losses. Traders should exercise caution and implement risk management strategies to protect their capital.
Spreads & Commissions (Trading Fees)
While real-time spreads are not explicitly provided, it is worth noting that the EUR/USD pair demonstrates a slender 1.0 pip spread on its demo accounts, indicating a relatively tight range in which market prices for this particular currency pair are quoted.
Non-Trading Fees
Hui Deli Global imposes various non-trading fees that traders should consider. These include deposit and withdrawal fees, which vary depending on the chosen payment method. An inactivity fee may also be charged for dormant accounts. Optional services, such as account upgrades or access to advanced tools, may come with additional fees. Traders should carefully assess these fees to understand their impact on overall trading costs.
Trading Platform
Hui Deli Global provides traders with the renowned MetaTrader 5 (MT5) trading platform, an industry-leading software solution designed to meet the diverse needs of modern traders. With its robust and feature-rich interface, the MT5 platform offers a comprehensive range of tools and functionalities to facilitate efficient and effective trading activities.
Built upon a solid foundation of reliability and performance, the MT5 platform empowers traders with a seamless and user-friendly experience. Its intuitive interface allows for effortless navigation and quick access to essential trading functions, enabling traders to execute trades with ease and precision. The platform's stability and advanced technology infrastructure ensure reliable connectivity to global markets, minimizing disruptions and maximizing trading opportunities.
One of the notable advantages of the MT5 platform is its extensive charting capabilities. Traders can access a wide range of chart types, timeframes, and technical analysis tools, empowering them to perform in-depth market analysis and make well-informed trading decisions. The platform also offers a comprehensive suite of built-in indicators and drawing tools, providing traders with the necessary resources to conduct detailed technical analysis.
Additionally, Hui Deli Global's MT5 platform supports automated trading through its robust algorithmic trading capabilities. Traders can develop, backtest, and deploy their own trading strategies using the platform's integrated development environment (IDE) and advanced testing tools. With access to a vast library of trading robots and expert advisors, traders can leverage automated trading to execute trades with speed and precision.
Deposit & Withdrawal
Hui Deli Global offers a variety of deposit and withdrawal methods, including credit cards, debit cards, and wire transfer. The minimum deposit is $1000. The broker promises to process deposits and withdrawals within 24 hours, but there are many negative reviews online that suggest that this is not always the case.
Customers have complained about long wait times for withdrawals, and some have even had their accounts frozen or closed without explanation. Hui Deli Global does not have a clear or transparent policy on deposit and withdrawal fees, which can add to the confusion and frustration of customers.
Overall, the deposit and withdrawal process at Hui Deli Global seems to be unreliable and problematic. Customers should be aware of the risks involved before depositing any money with this broker.
Customer Support
Hui Deli Global offers customer support primarily through email, with the designated contact address being support@huidelilimited.com. While this channel provides a means of communication, it is important to note that other contact channels, such as phone or live chat, are not available for assistance.
Educational Resources
Hui Deli Global, unfortunately, does not offer any educational resources to support the knowledge and skill development of its traders.
Is Hui deli globalsuitable for beginners？
Hui Deli Global may not be the most suitable choice for beginners due to several factors. The absence of educational resources provided by the broker limits the availability of learning materials specifically tailored to novice traders. Beginner traders often require comprehensive educational materials to grasp fundamental trading concepts, risk management strategies, and market analysis techniques.
Moreover, the limited customer support options, primarily relying on email communication, can pose challenges for beginners who may benefit from immediate assistance or real-time guidance. The absence of alternative contact channels such as phone or live chat may hinder the timely resolution of queries or concerns, potentially impeding the learning process for beginners seeking guidance.
Additionally, the negative reviews surrounding deposit and withdrawal experiences raise concerns about the reliability and efficiency of these essential processes. Beginners typically require a seamless and transparent deposit and withdrawal system to manage their funds effectively, and the presence of negative reviews may deter them from choosing this broker.
Is Hui deli globalsuitable for experienced traders？
Hui Deli Global may have certain aspects that make it potentially suitable for experienced traders. Experienced traders typically have a solid foundation of trading knowledge and may rely less on educational resources provided by the broker. Therefore, the absence of in-house educational materials may have less impact on their decision-making.
Experienced traders often prioritize factors such as competitive pricing, advanced trading tools, and access to a wide range of financial instruments. While specific information about Hui Deli Global's offerings in these areas is not available, experienced traders may consider evaluating the broker's spreads, commissions, trading platform features, and available markets to assess their compatibility with their trading strategies.
Additionally, experienced traders often have a higher level of self-sufficiency and may require less frequent customer support. Although Hui Deli Global primarily offers customer support through email, experienced traders who rely less on immediate assistance or real-time guidance may find this mode of communication acceptable.
Conclusion
In conclusion, Hui Deli Global presents a trading platform and services that may have certain limitations and concerns. The absence of educational resources and limited customer support channels, primarily relying on email communication, can be restrictive for traders, particularly beginners who require comprehensive guidance and immediate assistance. Negative reviews regarding deposit and withdrawal experiences raise concerns about the reliability and efficiency of these essential processes.
FAQs
Q: What trading platform does Hui Deli Global offer？
A: Hui Deli Global offers the MetaTrader 5 (MT5) trading platform.
Q: What are the available payment methods for deposits and withdrawals？
A: Hui Deli Global supports various payment methods, including credit cards, debit cards, and wire transfers.
Q: What is the minimum deposit requirement？
A: The minimum deposit requirement at Hui Deli Global is $1000.
Q: How long does it take for deposits and withdrawals to be processed？
A: Hui Deli Global promises to process deposits and withdrawals within 24 hours, although this may vary based on individual circumstances.
Q: Does Hui Deli Global provide educational resources for traders？
A: No, Hui Deli Global does not offer in-house educational resources or materials.
Q: What customer support options are available？
A: Hui Deli Global primarily offers customer support through email communication. Other contact channels, such as phone or live chat, are not available.
Q: Are there any non-trading fees charged by Hui Deli Global？
A: Yes, Hui Deli Global may impose non-trading fees, such as deposit and withdrawal fees, as well as potential inactivity fees.
Q: Is Hui Deli Global suitable for beginners？
A: Hui Deli Global may not be the most suitable choice for beginners due to the lack of educational resources and limited customer support options.
