About HIGHSTREET
Overview of High Street Networking
High Street Networking (HSN) is a forex broker operating under the domain forexhsn.com. According to the broker's website, it was founded in 1998 and is based in the United States. However, independent records indicate a registration date of September 3, 2019. HSN offers retail forex trading services focused on small-scale traders, providing mini accounts with low deposit requirements.
Regulatory Status
A critical factor for traders to consider is that High Street Networking is not regulated by any recognized financial authority. Our records show no regulators on file for this broker. The absence of regulation means there is no independent oversight of the broker's operations, and client funds may not be protected by compensation schemes or dispute resolution services. This lack of oversight is a significant risk for potential clients.
Account Types and Trading Conditions
HSN offers three main account types: a Mini Forex Trading Account, a Demo Trading Account, and a Contest Demo Account. The Mini Forex account has a minimum deposit of $100, a minimum lot size of 10,000 units, and margin requirements of $50 per lot. The broker states that there is no commission on trades, and swaps are applied based on a daily schedule. These conditions are designed to attract retail traders with limited capital.
Trading Platforms
The broker provides three platforms: TradingDesk Pro, Forex Web Trader, and Mobile Forex. TradingDesk Pro is a downloadable desktop platform, while the Web Trader offers browser-based access. The Mobile Forex platform allows trading on the go. The platforms are provided by a third-party developer, Forex Ltd, and include charting, news feeds, and order execution capabilities.
Funding and Security Claims
High Street Networking accepts funding through the MiniPay system, which uses USD stablecoins for deposits. The broker claims that client funds are segregated from corporate accounts and insured against fraud and embezzlement. It also states that a Guarantee Fund is maintained equal to the total balance of all trader accounts. However, these claims are not verified by any regulatory authority.
Target Audience
HSN targets retail forex traders, particularly those who want to start with a small initial investment. The mini accounts enable traders to participate in the forex market with lower capital requirements than standard accounts. The broker also offers a contest for demo account traders, likely to attract and engage new users.
Overview compiled by FXCanary from regulatory records and public data. full HIGHSTREET review