Reviews · March 14, 2022

HubbleBIT Review – Evaluating the Services of the Broker

HubbleBIT Review

Do you want to supplement your existing income? Many people are struggling to make ends meet in their current earnings and are looking for ways to give them a boost. Wouldn’t it be great if there was a way for you to make thousands of dollars in a short time span and without having to work round the clock? There was a time when it wasn’t easy to find opportunities that could generate high and quick returns. Most of the ones that did exist were unreliable or illegal and there was no point in taking such risks with your money. The good news is that the world today is drastically different from a couple of decades ago.

In this modern and digital age, a lot of things that were deemed impossible have now become a reality. There are different ways people can use for making money online, while continuing their existing job. One such option is to trade in the financial markets, which is certainly not a new introduction. For decades, people have been trading in the stocks and forex markets and there have been many who have made entire fortunes from there. So, what has changed? Previously, people didn’t step into the financial markets because they required full attention and carried a high level of risks.

The complexities of starting your journey in the financial market kept people at bay, but the fact is that the digital age has simplified a lot of these problems. To start with, there is no longer any need for traders to have to go anywhere to begin trading because everything is right at your fingertips. You just need a device and an internet connection to start trading, which means you can trade from anywhere and at any time. In addition, the financial markets have also expanded over the years and a ton of new trading vehicles have also been added.

Today, you can trade in the stock and forex markets, and also get a shot at others like commodities, indices and the most-recent, cryptocurrencies. The popularity of trading has experienced a major surge because there is a greater potential for people to earn higher returns. Therefore, it is not surprising that there has been a tenfold increase in the influx of people in the financial markets and even people without any experience or knowledge have decided to experiment because they want to be able to make high returns. Most importantly, there is no longer any need to start trading with huge amounts of capital and you can start with a small sum and increase gradually once you understand how the markets work.

This can make trading appealing for everyone, but you should remember that you first need to sign up with a broker to be able to trade online. They are an important part of the financial markets and have been since the beginning. In the world of online trading, they provide you with the trading platform, access to the markets of your choice and other features and tools that can play a vital role in trading. Thus, finding a brokerage is the first step in the financial markets and you will come to know that a substantial number of these companies can be found.

It gives people plenty of options to explore when they are looking for a brokerage, but it is important to remember that this decision cannot be made without proper consideration as it has a big impact on your experience. If you want to trade in the long-run and want to avoid the complications and hassles associated with trading, you need a solid and dependable company to help you out. Also, when you make the right choice in the first go, you can save yourself from the hassle of having to switch companies later on.

But, the question is how do you decide which company to choose? The best way to go about it is to evaluate the services and features of a broker carefully in order to determine if they are capable of providing you everything you need. While reviews, are important, you should bear in mind that just because the company is good for some traders doesn’t mean they will be appropriate for you as well. Hence, it is better to do your own assessment and then reach a decision. One of the companies you will find is HubbleBIT, a European brokerage that was established by Hubblebits Global (CY) Ltd. in May, 2018.

HubbleBIT

HubbleBIT

Some may believe that since it hasn’t been around for very long, HubbleBIT may not be a suitable choice, but once you take a look at their offerings, you will find that they click all the boxes. As it is overseen by the Crypto Conduct Authority (CCA), which is one of the most reputable regulatory authorities in the world. The regulation of the company by CCA can go a long way in establishing trust with traders because it gives it the stamp of legitimacy and authenticity.

Traders will be able to access the HubbleBIT website in various languages. Furthermore, the fact that the company is based in Europe and offering its services across the continent, it also complies with the MIFID II (The Markets in Financial Directive). These are rules that have been especially developed for ensuring consumer protection, transparency and efficiency. It also increases the level of trust associated with the company. It should also be noted that HubbleBIT is a CFD (Contract for Difference) broker, which means that it can offer clients greater variety in terms of trading instruments.

Let’s evaluate HubbleBIT further to determine if it is the right choice for you or not:

The Status of Regulation

The regulation status of any brokerage should be prioritized because it can make a big difference in the quality and standard of services that are provided to you. HubbleBIT is a regulated firm and this can make a massive difference because they were granted this approval after they met certain requirements in terms of capital. Plus, regulated companies are also required to keep up with international standards of transparency, fairness and honesty and their policies have to be in the best interest of the consumer. This means that you don’t have to worry about exploitation and their policies are also clearly outlined.

They do not provide any vague or misleading information and have to deliver optimal trading services by incorporating the highest standards of features and tools. Since HubbleBIT is regulated by CCA, they automatically become members of the Investor Compensation Fund (ICF). As the name indicates, this fund is designed to provide compensation to the investors and acts as insurance in the case the broker has to file for bankruptcy or suspend its services for some other reason. This can keep you safe from losses that you would have dealt with if they were an unregulated company.

Furthermore, the regulation also obligates HubbleBIT to keep segregated customer accounts with the leading European institutions for ensuring safety of funds deposited with them. The company’s own accounts are kept separate to ensure the money is not mixed up and there is no discrepancy or misappropriation. Apart from that, regulated brokers are also required to implement the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) measures. The purpose of these policies is to prevent their platform for being used for terrorist financing, money laundering, financial fraud or identity theft.

To comply with these policies, HubbleBIT requires its clients to submit documents for proof of ID and proof of address. The former can be provided by submitting a national identity card, an international passport or a driver’s license. The latter can be given via a utility bill (gas, water or electricity) or bank statement. This verification procedure has to be completed before you can make any transactions with the broker. Lastly, they also use SSL (Secure Socket Layer) encryption for protecting any and all data shared with them by their clients to ensure no confidential and personal information ends up in the wrong hands. You can also check their Privacy Policy for more information.

The Variety in Instruments

Once you are aware of the regulation status of HubbleBIT, it is now time to take a look at their asset offerings because you should know how much variety they can provide you in regard to instruments. You will find many brokerages promising to give you access to a wide array of financial instruments, but most of these end up being false and can be disappointing. You need to know what instruments are available, particularly if you want to diversify your trading portfolio. A total of 170 trading instruments have been added to HubbleBIT’s asset index and these are from various financial markets. This can go a long way in helping traders in reducing their risks and improve their chances of making high profits.

Some of the leading options to explore are:

Instrument 1: Commodities

Traders who are looking for consistent returns and wish to trade in less volatile markets can certainly opt for commodities. There are soft and hard commodities available, which can provide traders with a horde of options. The former refers to agricultural products, such as corn, wheat, soybeans, cocoa and coffee. The latter comprises of precious metals like gold, silver, palladium and platinum. There are other commodities like Brent crude oil and natural gas also available.

Instrument 2: Indices

Those who are looking for lucrative and volatile options and have a high risk appetite will certainly enjoy the opportunities in the indices market. It comprises of baskets of stocks and deals with the big picture instead of considering every company separately. There are numerous indices that can be traded, such as FTSE 100, S&P 500, Dow Jones and NASDAQ.

Instrument 3: Stocks

Perhaps one of the most popular markets in the trading world is none other than the stock market, where many people have made their fortunes and you can trade stocks of some of the biggest and well-known companies in the world. These include names like Facebook, Google, Microsoft, Fiat and eBay, ENI, Amazon, Unicredit and Apple. Some unique choices have also been added, such as Cannabis stocks.

Instrument 4: Forex

The foreign exchange market has a daily trading volume in excess of $5 trillion and it is brimming with money-making opportunities for traders who are ready to take the risk. The kind of heavy returns this market has to offer are not easy to find. You will come across major and minor currency pairs and there are some exotic ones as well that can be quite interesting. Some of the top pairs to consider trading include EUR/USD, GBP/USD, USD/JPY and USD/CAD.

Instrument 5: Cryptocurrencies

One of the latest additions that were made to the financial markets in 2009 were cryptocurrencies. They are renowned all over the world for their immense volatility and these instruments are in very high demand. The market has expanded rapidly and there are now more than 7,000 cryptocurrencies that can be traded. You can trade some of the most promising cryptocurrencies to enjoy great returns, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

The Trading Software

It doesn’t matter what other features a brokerage has to offer to you, if they don’t provide a solid trading software. You should never choose a company without taking a look at what trading software is provided because most of your experience will depend on this one feature. If you talk to expert traders who have been around for years, they will tell you that their worst experiences happened because they didn’t have a proper trading platform. Some software may have security issues, lack in trading tools, or may break down and lag every now and then.

Thus, it is vital that you check HubbleBIT’s trading platform before you decide to use their services. Rather than coming up with their own platform as some companies are known to do, they have opted to incorporate one of the options that already exist in the market; the MetaTrader4. This is the top trading software in the market and is used all over the world by traders for its next-generation features and performance. You will find a range of the MT4 platform available here, which can facilitate beginner traders as well as experts. Take a look at the options and then select the one that seems most appropriate to you:

Platform 1: The MT4 desktop

The most cutting-edge and powerful version of the MT4 suite is its desktop platform that has to be downloaded and installed. Boasting advanced technology, the platform can be downloaded in a couple of minutes and is known for delivering a seamless performance. It provides fast trading execution with one-click trading and the intuitive user-interface has made it incredibly easy to use for every trader. There are numerous customizable features that also give you room to make adjustments to the tools you want.

There are analysis tools available with the MT4 desktop, along with a charting package. You will find a navigator window, order execution capabilities, 85 pre-installed trading indicators, multiple chart setup and the latest news. You can also choose to download Expert Advisors (EAs), which can come in handy for automated trading. Moreover, the desktop version of the MT4 also gives room to traders for customizing and developing their own trading indicators for use.

Platform 2: The MT4 for Android and iOS

Traders who enjoy flexibility and are interested in modern solutions have also been accommodated by HubbleBIT, as they have added MT4 mobile apps that can be downloaded on both Android and iOS devices. They can be used on tablets and smartphones and allow you to trade from anywhere and everywhere.

Not only do the apps provide you access to your trading account, they also come with impressive features and tools that help you trade on the go rather efficiently. You will come across an intuitive charting package on the apps, a full set of trading orders, real-time quotes, different types of execution modes and access to your full trading history. In fact, the apps also allow you to trade from the charts directly, which also gives you a lot of convenience.

Platform 3: The MT4 WebTrader

The third option that you will come across on HubbleBIT when you check out their trading solutions is the MT4 WebTrader, which provides you the power and capability of a desktop platform in a simple manner. There is no download or installation required for this trading software, as it is accessed through the browser. This means that traders will be able to use it in a couple of clicks and only have to visit the broker’s website to do so. The platform is safe to use because they have implemented encryption for protecting data and information.

As far as features are concerned, the MT4 WebTrader comes with 9 chart time-frames, 24 tools for technical analysis, 30 trading indicators, multiple trading orders and execution modes, data protection and one-click trading. You can also get real-time quotes in MarketWatch. These can prove to be immensely useful for traders and can be accessed on any device that has a web browser, providing cross-device functionality.

The Useful Resources

It is not just the platform, assets and security that will make up your overall trading experience; there are other smaller, yet equally important resources and features that can have an impact. Every broker can provide basic services, but it is the extras that can help companies in standing out in the crowd and truly showcasing their care towards their clients. HubbleBIT doesn’t disappoint in this regard, as they have added some very useful resources to assist traders during their journey. First and foremost, they have created an education center on their website, which comprises of a ton of learning resources that can help you in gain a better understanding of the trading market.

They provide in-depth and extensive information in different forms, such as videos, blogs, tutorials, articles and e-books. As a matter of fact, they have also added a glossary that provides meanings of the different terminologies and jargon that’s used by traders. HubbleBIT has also added webinars to their platform that are conducted by experts and can provide their clients with valuable and useful insights into the functioning of the trading markets. In addition, you will also find a complete FAQ section on their website where they provide answers to any questions or queries that users may have.

This can help traders in understanding how their services work and the steps to take. Furthermore, customer support channels have also been added to assist traders in whatever problem they might encounter. The department is available 24/5 for answering questions and resolving problems that traders might face during the course of trading. HubbleBIT allows you to talk to their agents via phone or send them an email. Different numbers and email addresses have been provided on the website for different regions. There is also an Online Contact form that can be completed by traders and sent in with their query in order to get a quick response or a callback.

After you have evaluated all these services and aspects of HubbleBIT, you can create an account with them in order to trade the asset of your choice, as they prove to be a dependable and trustworthy broker for traders of all levels.