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What fees does HEMILTON FINANCE charge? Swap fee, transaction fee, commission?
Maria Sousanidou
Colombia
2023-10-13
ANSWER Before considering the trading conditions a broker provides, it is the top priority to check whether it is authorized to provide trading services in forex market. Since HEMILTON FINANCE is not licensed, we strongly suggest you drop the plan to engage with it.HEMILTON FINANCE does not reveal its licensing data and regulatory information, which is a clear sign of a scam.It claims to be based in British Virgin Islands, but there is no evidence that it is registered with the Financial Services Commission (BVI FSC).Moreover, the Comisión Nacional del Mercado de Valores (CNMV) has issued a warning against HEMILTON FINANCE for offering investment services without authorization. The CNMV warning list can be accessed here.In short, HEMILTON FINANCE is not supervised by any authority. Investing with this broker is very dangerous, as there are no legal safeguards to protect the funds. To avoid the risks of fraud and identity theft, it is advisable to stay away from unlicensed brokers like HEMILTON FINANCE and instead choose a fully regulated, reputable one.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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