House Of Borse Review 2024

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House of Borse is an online broker specialising in forex and CFD trading opportunities. It provides access to 200+ instruments including commodities, indices, equities, and currency pairs. Our House of Borse Ltd review will cover minimum deposit requirements, commission fees, UK regulation, accepted payments, and more. 

House Of Borse Headlines

The brokerage was established in 2001 and incorporated as a private limited company in 2014. It is authorised by the Financial Conduct Authority (FCA) in the UK, a highly-regarded regulator with stringent compliance requirements. The broker operates under an ECN trading model, providing direct market access to a range of tier 1 liquidity providers with low latency and ultra-fast execution. 

Trading Platforms

House of Borse offers the industry-recognised MetaTrader 4 and MetaTrader 5 platforms. Both are suitable for new and experienced traders and are available to download to desktop devices compatible with Windows and Mac, or via all major web browsers. Mobile applications are also available for traders looking to invest on the go. Installation links are provided on the broker’s website. 

MetaTrader 4

Benefits of the MT4 platform include:

• Strategy tests
• Financial news
• Nine timeframes
• Three chart types
• One-click trading
• MQL programming 
• 30+ technical indicators 
• Live streaming prices and alerts
• Ability to trade directly from charts
• Access to Expert Advisors for automated investing
• Various order types accepted including Market Order, Pending Order and Stop Loss 

MetaTrader 5

Advantages of investing on the financial markets with MT5 include:

• 20+ timeframes 
• Tick chart trading 
• Customisable interface
• Alerts and financial news
• Trading robots and signals
• Market and navigator window 
• Various pre-installed indicators 
• Technical and fundamental analysis tools

Products

House of Borse offers UK traders investment opportunities in 200+ instruments in the following markets:

• Commodities – Spot and futures, including gold, silver and energies
• Indices – Cash and futures global indices, including UK100, US30 and DE30
• Forex – 60+ currency pairs, including majors such as GBP/EUR and USD/EUR
• Equities – Access to hundreds of shares in global corporations such as Apple, Amazon, BP Plc and Google

Spreads & Commission

House of Borse offers ultra-low, competitive spreads across all assets with fast execution times. It operates using a pure ECN pricing model with direct market execution. Spreads are offered as low as 0.0 pips for major currency pairs. This includes those from 0.4 pips on GBP/USD and 0.2 pips on EUR/USD. Real-time spreads can be viewed on the MT4 and MT5 platforms.

The commission varies by account type and is reduced with increased trading volumes. The Silver trader account commission is $7 or equivalent currency per $100,000 traded. The Platinum trader account commission is subject to the lowest fees at $5 per $100,000 traded. House of Borse also charges swap rates for positions held overnight.

Leverage

With House of Borse, leverage is capped at a maximum of 1:30 due to ESMA regulations. Maximum leverage also varies by asset:

• Equities – 1:5
• Commodities – 1:10
• Minor forex pairs – 1:30
• Minor forex pairs and indices – 1:20

Mobile Trading

House of Borse offers MetaTrader 4 and MetaTrader 5 for mobile trading. Both apps are available for free download to iOS and Android devices. Access the full suite of features from the desktop platforms, including trading management, portfolio evaluation and technical analysis while on the go.

Key features of the mobile apps include:

• Offline mode
• Full set of trade orders
• Real-time streaming quotes
• Viewable transaction history
• Create and amend watchlists
• Complete deposits and withdrawals
• A range of interactive and customisable charts 

Deposits

House of Borse requires a minimum deposit of $5,000 or equivalent currency. This is relatively high, especially for new traders. It is therefore recommended that traders utilise the demo account provided before trading with real funds.

Clients must log in to the Member Area to complete deposits and withdrawals. Accepted payments include:

• Debit/credit cards – Processing time takes 24 to 48 hours
• Bank wire transfer – Processing time takes 1 to 5 working days

Although the broker does not charge a deposit fee, third-party card charges apply and vary by the provider. 

Withdrawals

House of Borse does not charge a fee for withdrawals. Clients must complete an online withdrawal request form to receive their funds. Withdrawals must be processed back to the original deposit method. A two working day average processing time applies if requests are received before 11 am GMT.

Demo Account

House of Borse offers a free demo account and is available on the MT5 platform. These accounts are a good way to practise trading, navigate platform features, and test strategies risk-free. Traders can access up to $100,000 in virtual funds. A simple online registration form is required before traders are granted an account.

UK Regulation

House of Borse Ltd is authorised and regulated by the Financial Conduct Authority (FCA). This is a highly respected regulator with stringent requirements that protect retail traders. Under this authorisation, UK clients can be assured of segregated funds in top-tier banks, negative balance protection and FSCS protection. Traders can also access the Financial Ombudsman Service in the case of financial disputes. 

Additional Features

House of Borse offers a very limited set of educational resources for traders. A global economic calendar is the only tool available, which integrates worldwide events and real-time economy updates. It is disappointing to see no other published support, and clients will have to maximise tools offered by the MT4 and MT5 platforms.

Account Types

UK clients have access to three account options; Silver, Gold, or Platinum. These are suitable for both new and experienced traders. Minimum deposit requirements are $5,000 or equivalent currency across all accounts. Account types vary by trade volumes. The commission charged is reduced the higher the volume traded. 

• Silver trader – Less than one million traded per month 
• Gold trader – Up to one yard traded per month
• Platinum trader – More than one yard traded per month

All accounts offer the following features:

• Hedging 
• ECN execution 
• One-click trading 
• Competitive spreads
• Minimum lot size 0.01
• Access to expert advisors
• Full trading instrument access
• MT4 & MT5 platform compatibility
• Three base currencies including GBP

To open a live account, traders are required to complete an online registration form. Trading experience, personal identification, and proof of residency are required. Swap-free accounts are available for Muslim traders. 

Pros

• FCA-regulated
• Dynamic spreads
• Negative balance protection 
• Demo account with virtual funds
• 24-hour customer contact options
• Industry-established MT4 and MT5 trading platforms 
• FSCS protection and access to the Financial Ombudsman Service

Cons

• No cryptocurrency trading 
• No House of Borse welcome bonus
• High minimum deposit requirements 
• Limited additional features and education 

Opening Hours

The broker supports trading 24 hours a day, from 9:05 pm GMT on Sunday to 8:55 pm GMT on Friday. Trading hours by instrument may vary. Public holidays or market closures are notified within the platforms. 

Contact Details

House of Borse provides multiple customer contact options for UK clients:

• Email – support@houseofborse.com 
• UK telephone number – +44(0)203-327-7001
• Online contact form – Located on the Contact Us page 
• Whatsapp live chat – In the bottom right of all website pages
• Address – Berkeley Square House, 2nd Floor, Berkeley Square, Mayfair, London, W1J 6BD

Safety

UK clients can feel assured that House of Borse provides a safe trading environment. The Member Area is password protected and all personal data between client terminals and the platform service is encrypted. Both MT4 and MT5 platforms offer secure logins, industry-standard data privacy and integrate the use of RSA digital signatures and dual-factor authentication. 

Should You Trade With House Of Borse?

House of Borse provides opportunities in various asset classes on the industry-established MT4 and MT5 terminals. Benefits include FCA regulation, 24/5 customer support, demo accounts, and dynamic spreads with direct connections to the interbank market to secure the best prices. Although minimum deposit requirements are high, the broker offers UK clients a safe and transparent trading environment. 

FAQs

Top 3 House Of Borse Alternatives

These brokers are the most similar to House Of Borse:

1. Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
2. FXOpen - FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
3. Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.

House Of Borse Feature Comparison

Trading Instruments Comparison

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