EFG Hermes Review 2022

EFG Hermes is a MENA-focused online broker that offers OTC securities and CFD trading in a wide range of markets.

EFG Hermes is broker that offers traders CFD, Forex and Stocks. Surprisingly, EFG Hermes does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, EFG Hermes has Demo Accounts and Islamic Accounts but is missing Social Trading, Signals and Auto Trading.

EFG Hermes is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

EFG Hermes Summary

EFG Hermes is a MENA-focused online broker that offers OTC securities and CFD trading in a wide range of markets.

Ratings

30%
Trust
50%
Instruments
28%
Features
BonusNone
InstrumentsCFD, Forex, Stocks
Demo Account
Min. Deposit$0
Min. TradeNo
Regulated ByDIFC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Clients can speculate on a range of CFDs, encompassing foreign exchange, equities, indices and commodities.

LeverageVariable
FTSE SpreadVariable
GBPUSD SpreadVariable
Oil SpreadVariable
Stocks SpreadVariable

Forex Trading

EFG Hermes supports spot and CFD forex day trading through both its desktop and mobile platforms.

GBPUSD SpreadVariable
EURUSD SpreadVariable
EURGBP SpreadVariable
AssetsN/A

Payment Methods

EFG Hermes accepts the following payment methods:

  • Wire Transfer
  • Cheque
Risk Warning – Your capital is at risk

FAQ

Is EFG Hermes Safe?

In our review we gave EFG Hermes a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that EFG Hermes is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does EFG Hermes Accept PayPal?

No, EFG Hermes does not accept PayPal payments.

Is EFG Hermes Halal?

Yes, EFG Hermes does offer an Islamic trading account and should thus be Halal to trade with.

Is EFG Hermes Regulated?

Yes, EFG Hermes is regulated by DIFC.

The fact that EFG Hermes is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

EFG Hermes vs Other Brokers

If you want to compare EFG Hermes with other brokers, use the detailed comparisons below.

EFG Hermes vs
EFG Hermes is a MENA-focused online broker that offers OTC securities and CFD trading in a wide range of markets.