HORIZON FX PRO

Horizon FX PRO is a forex and CFD broker registered in Saint Vincent and the Grenadines, with a registered address at Suite 305, Griffith Corporate Centre. The company was founded in February 2022 and operates under the legal entity HorizonFXPro Ltd. It primarily targets retail traders in Latin America, as indicated by its Spanish-language website and commercial office listed in Huelva, Spain.

The broker is not regulated by any known financial authority. It holds no licence from a major regulator such as the FCA, CySEC, or ASIC. The legal framework in Saint Vincent and the Grenadines does not require forex brokers to obtain a licence or adhere to strict oversight, which places the burden of due diligence entirely on the trader.

Horizon FX PRO offers three account tiers designed to accommodate different capital levels. The PRO account requires a minimum deposit of $100 and a maximum leverage of 1:500. The VIP account requires $2,500, and the CORPORATE account requires $100,000. All accounts share the same maximum leverage of 1:500, which is high compared to regulated brokers, typically capped at 1:30 for retail clients under European regulations.

The broker's website states that trading is halted during a daily 10-minute window to mitigate risks associated with low liquidity. While this policy may protect traders from slippage, it also restricts trading activity at a time when markets can be volatile. The minimum lot size is not explicitly stated, but the platform likely supports standard, mini, and micro lots.

The broker provides the MetaTrader 4 (MT4) platform, a widely used trading interface known for its advanced charting tools, automated trading capabilities, and custom indicators. MT4 is available for desktop, web, and mobile devices. Additionally, Horizon FX PRO offers a Super PAMM system, which allows money managers to manage multiple accounts from a single master account.

The range of tradable instruments includes forex pairs, CFDs on metals, indices, shares, and commodities. The broker advertises over 200 instruments and ultra-fast execution under 50 ms. However, the specific list of available assets is not detailed on the website.

Deposits can be made via bank transfer (SEPA or SWIFT) with a minimum of €10. Fees vary by method: SEPA transfers incur a 0.75% fee with no maximum limit, while SWIFT transfers have tiered fees starting at €35. Withdrawals are touted as being processed within minutes, though specific withdrawal methods and fees are not disclosed on the site.

The broker does not explicitly state its spread or commission structure. The homepage claims spreads from 0.3 pips, but it is unclear whether this applies to all account types and instruments. Traders should verify the actual trading costs by reviewing the platform or contacting support.

The website prominently displays a risk warning stating that CFDs carry a high level of risk and may not be suitable for all investors. It advises clients to consider their trading objectives and risk appetite before trading. The Client Services Agreement, available as a PDF, outlines the terms of service, including the company's limited liability and the client's responsibility to provide accurate information.

The agreement is governed by the laws of Saint Vincent and the Grenadines. Notably, the document focuses on technology-based services rather than traditional brokerage services, which may limit legal recourse in case of disputes.

Horizon FX PRO markets itself to both retail and institutional clients, but its low minimum deposit on the PRO account and high leverage appeal to novice traders seeking high returns. The broker's Latin American focus is evident from its Spanish-language website and the office in Spain.

Experienced traders may find the VIP and CORPORATE accounts more suitable, though the lack of regulation and audited financial statements creates significant counterparty risk. The broker is not suitable for traders who prioritize regulatory protection or deposit insurance.