HORIZONS SECURITIES

Horizons Securities is a Cyprus-based brokerage firm operating under the domain horizonsforex.com. The company was incorporated on 28 December 2020, making it a relatively new entrant in the online trading space.

Given its recent establishment and limited public footprint, Horizons Securities presents a profile that requires cautious evaluation. The broker's focus appears to be on retail forex and CFD trading, targeting individual traders seeking leveraged exposure to global markets.

Horizons Securities holds a licence from the Cyprus Securities and Exchange Commission (CySEC), classified under a Market Making (MM) designation. CySEC is a well-known regulator within the European Union, overseeing many forex and CFD brokers.

However, the status of this licence is marked as unknown in our records, which raises questions about its current validity. A gap in regulatory status – whether suspended, revoked, or simply unreported – is a significant concern for potential clients. Traders are advised to independently verify the licence through CySEC's official register before committing funds.

Founded in late 2020, Horizons Securities is a young entity with limited operational history. The broker is based in Cyprus, a jurisdiction that hosts a large number of forex firms under CySEC supervision.

The lack of publicly available corporate details – such as parent company structure, key personnel, or audited financials – makes it difficult to assess the firm's stability and resources. In our view, this opacity, combined with the short track record, warrants extra scrutiny from traders.

Based on the broker's domain and regulatory classification, it likely offers forex currency pairs, indices, commodities, and possibly cryptocurrency CFDs. However, we have not been able to verify the specific instrument list from official sources.

Without concrete information on spreads, leverage, or trading conditions, traders cannot fully evaluate the cost and risk profile. It is essential to obtain a detailed product disclosure statement before considering this broker.

No official account types, minimum deposit requirements, or platform details are available in the public domain. Standard offerings for CySEC-regulated brokers often include multiple account tiers (e.g., Standard, VIP) and popular platforms like MetaTrader 4/5.

However, in the absence of verifiable data, these remain speculative. Traders should not assume any specific features without direct confirmation from the broker.

Information on deposit and withdrawal methods is not publicly accessible. Typical options in the industry include bank transfers, credit/debit cards, and e-wallets.

We caution that new or unverified brokers may impose restrictive withdrawal policies or hidden fees. It is advisable to test the funding process with a small amount initially and review the terms thoroughly.

FXCanary's scam risk score for Horizons Securities is 85 out of 100, indicating a severe level of concern. This high score reflects the combination of a very short operating history, ambiguous regulatory status, and the absence of independent user reviews or verifiable online presence.

Traders should approach this broker with extreme caution. The lack of transparent information and the potential for regulatory gaps make it a high-risk choice. We strongly recommend prioritising well-established, fully regulated brokers with a proven track record.