HIGHNESS

Highness is a Mauritius-registered brokerage company operating under the legal name Highness Investment LLC. According to official records, the firm was incorporated on 12 August 2022, though its website claims operations began in 2009. The company lists its registered address in Ebène, Mauritius, at The Cyberati Lounge.

The broker presents itself as a multi-asset provider offering forex, CFDs, commodities, indices, shares, and ETFs. It targets both retail and institutional clients with a tiered account structure and the choice of MetaTrader 5 or a proprietary platform.

The known facts state that FXCanary has no regulators on file for Highness. However, the broker’s own Client Agreement and website claim authorization and regulation by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer under license number GB23201935. This discrepancy is significant; traders should independently verify any regulatory claims before committing funds.

It is important to note that a license from the FSC Mauritius does not equate to the same level of oversight as major regulators such as the FCA or CySEC. Mauritius-based brokers are not subject to strict European or UK investor protection rules.

Highness offers three live account types: Basic (minimum deposit $100), Premium ($10,000), and Institutional ($50,000). A demo account is also available for practice. The Basic account targets entry-level traders with zero commission and spreads from 1.2 pips, while the Premium and Institutional accounts offer tighter spreads (from 0.8 and 0.5 pips respectively) at higher capital requirements.

Leverage is capped at 1:400 across all accounts, which is high and carries significant risk, especially for smaller balances. The stop-out level is set at 10%, meaning positions may be closed automatically if margin falls too low.

The broker advertises 470+ trading instruments, including forex pairs, indices, commodities, shares, and metals. However, the account-specific pages list only 28 currency pairs, metals, and CFDs. This inconsistency suggests either a broader offering for certain account types or potential exaggeration.

Traders can use MetaTrader 5 (MT5), a widely respected platform, or the broker's own 'Highness trader' platform. Both are promoted for their advanced charting and execution capabilities.

The broker states that trading accounts have zero commissions, with costs embedded in the spread. Minimum trade size is 0.01 lots. Specific deposit and withdrawal methods are not detailed on the site, but the Payments Policy document mentions general fund transfer options.

Segregated client funds are claimed, but without independent verification of a reputable regulatory framework, such promises should be treated with caution.

Highness appears to target a wide range of traders, from beginners (Basic account from $100) to high-net-worth individuals and institutions (Institutional from $50,000). The availability of a demo account and educational help center suggests an attempt to attract less experienced traders.

However, the high maximum leverage (1:400) and the lack of a clear regulatory safety net make this broker more suitable only for experienced traders who fully understand the risks and can afford to lose their entire capital.