Overall House of Borse can be described as a trustworthy broker and has an overall rating of 8 out of 10. House of Borse offers a maximum leverage ratio of 1:100 with a minimum deposit amount of $5000/R80 000 and is regulated by FCA.
House of Borse at a glance
| Broker’s Name | House of Borse |
| ?️ Headquarters | London, England |
| ? Year Founded | 2001 |
| ⚖️ Regulating Authorities | FCA |
| ? Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| ? Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| ??? Managed Accounts | Yes |
| ? Maximum Leverage | 1:30/1:100 for professionals |
| ? Minimum Deposit | $5000/R80 000 ZAR |
| ➕Deposit Options | Bank wire Credit cards Debit cards |
| ➖Withdrawal Options | Bank wire Credit cards Debit cards |
| ? Sign up bonus | No |
| ? Platform Types | Bank wire Credit cards Debit cards |
| ? Tradable assets offered | Forex, indices, commodities, equities |
| ? Spreads | from zero-pip(ECN) and from 0.4 pips(GBPUSD and EURGBP) |
| ? OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| ? Languages supported on Website | Multilingual |
| ? Customer Support Languages | Multilingual |
| ⏲️ Customer Service Hours | 24/5 |
| ? Open a account | ? Click Here |
House of Borse Review – 19 Key Point Quick Overview
House of Borse – Overview- House of Borse Safety and Security
- House of Borse Sign-up Bonus
- House of Borse Minimum Deposit
- House of Borse Account Types
- How to Open a House of Borse Account – Step by Step Guide
- House of Borse Trading Platform
- House of Borse Fees, Spreads, and Commissions
- House of Borse Deposit and Withdrawals
- House of Borse vs Etoro vs XM – A Comparison
- House of Borse Pros and Cons
- House of Borse Leverage
- House of Borse Market Instruments
- House of Borse Customer Support
- House of Borse Education
- House of Borse Research
- House of Borse AWARDS
- CONCLUSION
- DISCLAIMER
- Frequently asked Questions
House of Borse – Overview
According to research in South Africa, House of Borse is a UK-based brokerage firm that has been operating since 2001. During its time of operation, House of Borse has become a company that is well known for the excellent service it provides towards the interest of clients.
House of Borse specializes specifically in the trading of online Forex and CFD for both professional and corporate clients. Trading in a diverse range of markets from all over the world can occur 24 hours a day.
House of Borse uses an ECN/DMA trading model through which operations are conducted and ensure that no risks are taken and that the trades of clients are passed through the market directly without any conflict of interest arising.
With House of Borse, clients are connected directly to the Interbank Market and aggregated prices are used from not only singular liquidity providers, but multiple providers. This allows House of Borse to provide clients with the best possible prices.
House of Borse has advantage over competitors in that they develop a presence not only in the United Kingdom, but also in the Middle East through innovation growth and control over the specific professional trading account that they serve. Since it is a matched principle ECN broker and an aggregator of Tier-1 banks along with being FCA UK regulated, House of Borse furthermore offers clients:
| ➡️️ Ultra-low spreads |
| ➡️️ A variety of products |
| ➡️️ Fast execution |
House of Borse Safety and Security
The FCA is one of the strictest regulators and authorizing bodies in the UK with its strict standards of operation, high capitalization and sharp safety measures. House of Borse is not only regulated but also authorized by the FCA and it complies to the strict measurements put in place by this regulating and authorizing body. Every position made by Horse of Borse is not only overseen by the FCA, but also audited in reverse to ensure the safety of clients.
Clients’ funds are also kept separately from the company funds in segregated accounts and held in top Tier Banks, which ensures that clients funds are not used for operational purposes, which further adds to the safety measures. For a financial broker to acquire a license from the FCA, brokers must be able to provide proof of their financial stability. Net tangible assets of at least €730,000 is required in order to legitimately conduct business.
Should it happen that the company becomes insolvent, the FSCS provides clients with a compensation fund which will cover the claims of clients. The FSCS provides a maximum compensation of £50,000 per person should the company become insolvent.
House of Borse Sign-up Bonus
House of Borse does not offer a welcome bonus to new traders who choose to register for a real account with the broker; this includes such offers as deposit bonuses and no deposit bonuses. House of Borse does not offer broker bonuses due to its regulatory status with the Financial Conduct Authority (FCA), a leading regulator of the financial and investments markets which is based in the UK.
The FCA, along with several other European regulators, has placed a ban on the offering of such bonuses as part of a broad-based initiative to improve client protection measures, particularly for beginner traders and smaller retail traders.
House of Borse Minimum Deposit
House of Borse Minimum Deposit is $5000/R80 000 ZAR across all the different account types. Based on this high minimum deposit, it is the broker positions itself more towards advanced and professional traders, as many beginner and smaller retail traders would find this to be an unaffordable deposit amount.
House of Borse Account Types
House of Borse offers clients the choice between three different accounts which are based and dependent on volume of trading. The accounts available are Silver, Gold and Platinum.
| ✅ Silver Trader | ✅ Gold Trader | ✅ Platinum Trader |
| For users trading less than 100 million per month. | For users trading up to one yard per month. | For users trading more than one yard per month. |
| $4 commission per side per USD 100K Traded. | $3.5 commission per side per USD 100K Traded. | $3 commission per side per USD 100K Traded. |
Although each account requires a certain volume to be traded to qualify for each account, there is a set of key features that apply to all accounts, such as:
| ➡️️ Currencies used for all accounts – EUR, USD, GPB |
| ➡️️ More than 60 FX pairs, Futures and precious metals |
| ➡️️ Competitive spreads on all accounts |
| ➡️️ Minimum lot size of 0.01 |
| ➡️️ Only ECN execution allowed |
| ➡️️ Hedging is allowed |
| ➡️️ All accounts use the MT4 trading platform |
| ➡️️ Mobile trading available on both iOS and Android |
| ➡️️ Access to expert advisors |
| ➡️️ One-click trading available |
| ➡️️ Swap Free Account allowed |
| ➡️️ Fifth Decimal trading permitted |
House of Borse also has a demo account option which allows traders, especially beginners to test and finetune their trading skills in a risk free environment. Using the demo account, traders have access to:
| ➡️️ Opportunity to trade Forex, Gold and Silver |
| ➡️️ Opportunity to test trading strategies |
| ➡️️ Access to $50,000 virtual funds to practice trading |
| ➡️️ Ability to monitor markets |
| ➡️️ Familiarization with trading platforms |
How to Open a House of Borse Account – Step by Step Guide
Potential clients who are interested in opening an account with House of Borse need only visit the accounts section on the website. Based on their volume of trading, clients can choose between the Silver, Gold and Platinum accounts.
1. Step 1: Get Started
You will need to complete the whole form.
2. Step 2: Agree to the risk disclaimer
You will need to agree to the terms and conditions and then submit your application.
3. Step 3: Upload documentation
You will need to provide a valid Photo ID Verification and a Proof of Residency Verification. After that your account will be created and you can start trading.
House of Borse Trading Platform
House of Borse mainly uses the MetaTrader 4 trading platform along with FIX API, but the company has announced that it will soon incorporate MetaTrader 5 as well. MetaTrader 4 is the most well-known and most used trading platform and due to its ease of use, functionality and powerful performance, it is thus far the platform of choice for the trading community.
MetaTrader 4 can be used by all traders, whether they are beginners or professionals and it incorporates all types of trading strategies.
MetaTrader 4
MetaTrader 4 features include:
| ➡️️ Live streaming prices |
| ➡️️ 3 different types of charts and 9 different timeframes |
| ➡️️ An interface which is customizable |
| ➡️️ Over 30 technical indicators that are pre-installed |
| ➡️️ MT 4 is secure and offers a great level of convenience |
| ➡️️ MT 4 supports one-click trading, trading from charts, Multi-asset trading and various order types that are supported |
MetaTrader can be used by Windows, Web Trader, Mac and Android devices from anywhere in the world.
FIX API
This is a protocol that was enabled with the purpose of enabling greater connectivity among participants in the market. Not only is it used by stock exchanges, but also banks, mutual funds, money managers and investment funds.
The FIX API provided by House of Borse provides traders with an ideal solution to be able to take advantage of the deep liquidity pools while traders also have the added advantage of ultra-low latency along with high-speed connectivity. The API can be plugged into the trading platform in use to not only receive data on prices, but it can also be used to modify and send orders and receive confirmations.
House of Borse Fees, Spreads, and Commissions
House of Borse has different commission fees that are applicable and depend on the type of account that the trader uses. There are lower commission that applies for clients who have higher deposits or who trade in higher volumes. FX Commission is charged per $100,000 of volume traded and any amount above that is charged pro-rata.
Should a trade occur in a currency that is not USD, the volume of the trade will be converted into an equivalent to that of USD. This conversion will occur at the spot rate at the time when the trade is executed. CFD commission is charged on a per lot basis with the full amount of CFD commission being debited on the opening of a trade. Should there be amounts greater than the per lot basis, the commission charged will be pro-rata.
House of Borse also offers a rollover or an overnight fee as a cost. This is normally charged daily should the position held last longer than a day. Every market instrument has its own ratio, and this might act in favour of the trader as a refund, or it will be deducted as a fee.
There is also an interest-free account which is available and known as a Swap-free account. With this type of account, there is a fixed management fee which is charged on the open position, for example:
| ➡️️ EUR/USD | Common – $8.5 |
| ➡️️ USD/CAD | Common – $8.5 |
| ➡️️ USD/JPY | Common – $8.5 |
| ➡️️ CHF/NOK | Minor – $14.5 |
| ➡️️ EUR/PLN | Minor – $14.5 |
House of Borse Deposit and Withdrawals
Once a trader has applied for an account with House of Borse and it has been verified and approved, traders can deposit funds into their account either through credit card or wire transfer. Unfortunately, these two payment methods are the only options that House of Borse provides in comparison with other brokers who offer significantly more payment methods.
House of Borse requires a minimum deposit of $5,000 which is very high considering the minimum deposits of other brokers. But taking into consideration that House of Borse caters for more professional and corporate clients, this amount seems reasonable.
There are no fees charged when either depositing or withdrawing funds, but traders need to verify with the payment provider first as they might charge additional fees. Fees that are charged by the payment provider will be passed onto the client.
Card fees can be determined on the country off issue while incoming bank fees with sending or withdrawing money through Wire Transfer will also be passed onto the client. House of Borse requires the completion of a Withdrawal Request Form which must be sent to the treasury department.
Withdrawals that are received before 11am UK time on any business day will be processed within two business days.
House of Borse vs Etoro vs XM – A Comparison
| ? Broker | ? House of Borse | ? eToro | ? XM |
| ? Minimum Deposit | $5000/R80 000 ZAR | $1000 USD | $5 USD |
| ? Sign-Up Bonus | ❌ No | ☑️ Yes | ☑️ Yes |
| ➖ Min. Spread | 0.4 | 3 | 1 |
| ➕ Max. Leverage | 1:30/1:100 | 1:400 | 1:888 |
| ? Currency Pairs | zero | 47 | 57 |
| ? Open an Account | ? Click Here | ? Click Here | ? Click Here |
House of Borse Pros and Cons
| ✔️ Pros | ❌ Cons |
| Suited for corporate and professional clients | No choice of trading platforms |
| FCA regulated | Maximum leverage mediocre |
| Competitive tight spreads | Minimum deposit is very high |
| Makes use of an ECN Model | US clients not allowed |
House of Borse Leverage
Under regulatory obligations towards taking risk measures, House of Borse allows retail traders a maximum leverage of 1:30 and professional traders a maximum of 1:00 once their status has been proven. Leverage levels allows for operating position to be multiplied by a defined number of times which is done in reverse and allows traders larger exposure to markets.
Traders need to keep in mind that higher levels of leverage also mean that there are higher levels of risk. The levels provided by House of Borse are relatively low levels when compared to other brokers which provide higher levels of risk from 1:300 even up to 1:500.
House of Borse Market Instruments
House of Borse provides for trade in Forex, CFD and Metals.
Forex Trading and Online FX Trading
The FX market is the largest and most liquid market globally and hosts trading volumes of over $5 trillion a day. With House of Borse, traders can harness this advantage as it is a pure ECN broker. Through STP (Straight Through Processing), orders are sent directly into the market and this feature is available across all account types.
House of Borse provides the following benefits of trading Forex
| ➡️️ Ultra-low spreads which are competitive and start from 0 |
| ➡️️ Access to not only deep liquidity but also a variety of liquidity providers |
| ➡️️ Orders are executed at the best available price with low latency |
| ➡️️ Trades are sent directly through to the market and thus there is no conflict of interest with clients |
| ➡️️ Traders have access to various assets such as Equities, metals, etc |
House of Borse also provides a live spread on Forex. Trading of Forex can be done on common, minor and exotic currency pairs.
CFD Trading
Both US and European indices and commodity CFDs are provided by House of Borse and both these come with tight spreads and low commission. With CFD trading, traders can speculate on the price movement of several financial markets, which include shares, commodities and bonds.
This can be done regardless of whether prices rise or fall. CFD trading does not mean that the trader owns the asset they trade, but instead they are merely speculating on the price movement of the asset.
Key features of trading CFDs with House of Borse include:
- Flexibility on trading on rising and falling markets
- No Exchange fees – Seeing that the trader does not own the asset, they do not require any rights or obligations relating to the underlying asset.
- Leveraged product – the trader can use a small amount of money to be able to control a value position which is much larger. Although this has a lot of benefits, there are also risks involved pertaining to the quick loss of capital.
- Hedging tools – CFDs can be used by traders in order to offset potential loss in value of their physical investments by choosing to go short instead of long.
There is a variety of CFD markets in which traders can trade. Each symbol has their own trading hours, but all have dynamic request margin along with the fact that all symbols close a day before expiration.
The lot sizes and minimum lot sizes of these are:
| ? Lot sizes | ? Minimum lot sizes | |
| ➡️️ US 30 | 10 Index | min 1 |
| ➡️️ US 100 | 20 Index | min 2 |
| ➡️️ US 500 | 50 Index | min 5 |
| ➡️️ UK 100 | 10 Index | min 1 |
| ➡️️ UK Gas | 100 Metric Ton | min 10 |
| ➡️️ UK Oil | 1000 Barrel | min 100 |
| ➡️️ US Oil | 1000 Barrel | min 100 |
Precious Metals and Spot Metal
The trade in metals are provided accompanied by competitive spreads, fast execution and trading tools which are advanced in helping the trader trade a variety of metals successfully and efficiently.
The benefits of trading metals through House of Borse include:
| ➡️️ The ECN liquidity pool provides low spreads |
| ➡️️ The ECN model ensures direct market execution |
| ➡️️ Commission is relatively low |
| ➡️️ No extra fees |
House of Borse Customer Support
House of Borse has a contact section on its website where clients can fill out the request form and have a support team member contact them back regarding a query. House of Borse can also be contacted via telephone or email or clients can make use of the Live Chat provided.
House of Borse Education
House of Borse unfortunately does not have any educational tools provided on the website, other than the provision of a demo account through which beginner traders can learn about trading in a hands-on and risk free environment.
House of Borse Research
House of Borse provides live spreads on the Forex and Metals which allows traders to monitor the movement of these instruments. In addition, provision is also made for an economic calendar under the support section of the website. The House of Borse website also makes provision for access to important documents and policies, along with a trade cost guide.
House of Borse Awards
The House of Borse website does not make mention of any awards obtained by the company.
Conclusion
In the case of professional and corporate traders, House of Borse is a very attractive opportunity for trading. The minimum deposit required wards off traders who are only just beginning or traders who do not trade at high volumes.
This broker is specifically designed with specific trading conditions which are more suited to traders who want to trade large volumes.
As a regulated ECN broker, House of Borse is dependable with competitively tight spreads and reasonable fees on commission.
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Disclaimer
Traders who decide to use House of Borse as their broker need to acknowledge the fact that not only are CFDs and FX complex instruments, but they can also lead to the risk of losing money quickly due to leverage.
The understanding of how CFDs work is fundamental and traders need to consider whether they can afford to risk losing money, especially when traders can lose more money that they deposited, According to research in South Africa.
Frequently asked Questions
Featured SA Shares Writer and Forex Analyst.
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