Huaprime EU Ltd

Huaprime EU Ltd, operating under the brand HuaPrime, is a Cyprus-based retail forex and CFD broker. The company is registered in Cyprus and is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIF) with licence number 426/23. According to public records, the firm was previously known as Ultima Markets Cyprus Ltd before rebranding to HuaPrime.

HuaPrime offers trading services to retail and professional clients, providing access to a range of CFD instruments including currency pairs, indices, commodities, and share CFDs. The broker positions itself as a transparent and client-centric firm, with a focus on fast execution and competitive trading conditions.

HuaPrime is regulated by CySEC, one of the most established financial regulators in the European Union. The licence number 426/23 is listed on the CySEC register, and the firm's status is marked as Authorised. This regulatory oversight means that HuaPrime must comply with EU financial regulations, including client fund segregation, negative balance protection, and participation in the Investor Compensation Fund.

However, our records indicate that there is no verifiable website or social-media presence beyond the official domain, which is a factor in our risk assessment. While the regulatory status is a positive sign, traders should still exercise due diligence when considering this broker.

HuaPrime offers two main account types: Standard and ECN. The Standard account is designed for traders who prefer a straightforward pricing model with no commission, featuring a minimum spread of 1.0 pips. The ECN account, on the other hand, offers raw spreads from 0.0 pips but charges a commission of 5 USD per trade. Both accounts require a minimum deposit of 500 USD and provide leverage up to 1:30, which is in line with ESMA retail client limits.

These account options cater to different trading styles, with the Standard account suited for those who prioritise simplicity, while the ECN account appeals to more active traders seeking tighter spreads. The broker also states that both accounts provide access to over 250 instruments, including forex pairs, indices, commodities, and share CFDs.

HuaPrime offers trading through the Xcore and Webtrader platforms. Xcore is a proprietary platform that provides a user-friendly interface and advanced charting tools, while Webtrader allows trading directly from a web browser without the need for downloads. Both platforms support instant execution, which the broker claims ensures fast and efficient trade processing.

The broker's trading infrastructure is hosted in the Equinix LD4 data centre in London, a Tier 3 facility known for its reliability and low-latency connectivity. This setup is intended to provide clients with stable trading conditions and access to global markets.

HuaPrime supports funding and withdrawals through bank transfers via Bank of Cyprus and Moneygate. The broker states that it does not charge any additional fees on deposits or withdrawals, and processing times range from 1 to 5 working days depending on the method. Clients can manage their funds through a secure client area on the website.

It is important to note that while the broker does not impose its own fees, clients may incur charges from their own banks or intermediary banks. Traders should also be aware that bank transfers can take longer than alternative methods such as cards or e-wallets, which are not currently offered.

Huaprime EU Ltd was incorporated in Cyprus on 30 June 2021, according to the Companies Registry of Cyprus. The company was formerly known as Ultima Markets Cyprus Ltd, and it rebranded to HuaPrime at some point. The firm received its CySEC licence on 13 March 2023, and it operates under the brand HuaPrime.

Despite the relatively recent establishment, the broker's website claims '15 Years of Experience in Strategy Planning', which may refer to the experience of its founding team rather than the company itself. This discrepancy is not uncommon in the industry, but traders should verify such claims independently.

HuaPrime appears to target both retail and professional traders, offering a range of CFD products and account types to suit different experience levels. The minimum deposit of 500 USD is moderate, making the broker accessible to traders with some capital, while the availability of ECN accounts may attract more experienced traders seeking tighter spreads.

The broker's regulatory status under CySEC means it is authorised to provide services across the European Economic Area (EEA) under passporting rights. This makes HuaPrime a potential option for traders within the EU who prefer a regulated broker.