Overview of High Rise Market
High Rise Market is an unauthorized brokerage firm registered in Saint Vincent and the Grenadines.
They offer a maximum leverage of up to 1:500 and spreads starting from 0.6 pips. The trading platforms they provide are not specified. Traders can access a range of assets, including shares, forex, energy metals, indices, and cryptocurrency CFDs. High Rise Market offers three types of trading accounts and provides a demo account for practice. Customer support is available through telephone, email, and social media. Deposit options include bank transfers (free) and credit cards (5% fee for USD deposits).
However, there is a lack of clear information regarding educational resources. It is important to notice that High Rise Market is currently not regulated by any valid regulatory authority.
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Is High Rise Market Legit or a Scam？
High Rise Market is currently not regulated by any valid regulatory authority. However, it is important to note that it holds an abnormal regulatory status with the United States National Futures Association (NFA) under license number 0555818. The official regulatory status of High Rise Market is unauthorized. It is crucial to exercise caution and be aware of the associated risks when dealing with this broker.
Pros & Cons
High Rise Market offers a range of pros and cons for traders to consider. On the positive side, the brokerage provides diverse trading products, including stocks, forex, energy, metals, indices, and cryptocurrency CFDs. Traders also have access to signal analysis and can benefit from 24/7 customer support. Additionally, High Rise Market offers a demo account for practice trading. However, it is important to note that the brokerage lacks regulatory authorization, which can be a concern for some traders. The availability and transparency of educational resources are limited, and there is no clear information provided regarding account minimums and maximums. Considering these pros and cons can assist traders in making informed decisions about their engagement with High Rise Market.
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Market Instruments
High Rise Market offers a diverse range of trading products for investors to participate in various markets. Here is an overview of the trading products available:
1. Shares:
Investors can trade shares without any minimum or maximum limits. It is important to have a good understanding of the factors that affect stock prices.
2. Forex:
High Rise Market provides the opportunity to trade in the Forex market. Investors can open an account with a brokerage corporation of their choice to engage in Forex trading.
3. Energy:
Energy products can be traded on the organized market, which includes securities like stocks and government bonds, as well as commodities related to the energy sector.
4. Metals:
Trading in metals involves the exchange of country currencies and their ratios to one another. High Rise Market facilitates trading in different metals and their corresponding currency pairs.
5. Indices:
Indices are indicators that measure the proportional change of investment instruments traded in the stock market. High Rise Market enables traders to participate in index trading.
6. Cryptocurrency CFDs:
High Rise Market allows traders to trade Contract for Difference (CFDs) on more than 70 FX pairs, including cryptocurrencies. Traders can benefit from tight spreads and fast order execution.
These trading products provide investors with a wide range of opportunities to diversify their portfolios and take advantage of different market sectors. It is essential for investors to conduct thorough research and analysis before engaging in any trading activity.
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Account Types
High Rise Market offers three types of trading accounts to cater to clients with varying investment preferences and budgets.
1. Standard Account:
The Standard Account is designed for individuals who are interested in exploring the world market with low-budget investments. It offers spreads starting from 1.2 pips. Tradable assets include stocks, cryptocurrencies, currency pairs, and commodities. Traders using the Standard Account have access to signal analysis to assist them in making informed trading decisions. Additionally, customer support is available 24/7 to address any inquiries or concerns.
2. Gold Account:
The Gold Account is suitable for individuals looking to explore the world market with low-budget investments. It provides spreads starting from 0.8 pips. Similar to the Standard Account, it offers a range of tradable assets, including stocks, cryptocurrencies, currency pairs, and commodities. Traders using the Gold Account have access to signal analysis, enabling them to make more informed trading choices. Customer support is available around the clock to provide assistance and support.
3. VIP Account:
The VIP Account is designed for individuals who want to explore the world market with low-budget investments. It offers spreads starting from 0.6 pips, providing tighter spreads compared to the other account types. Tradable assets include stocks, cryptocurrencies, currency pairs, and commodities. Traders using the VIP Account can take advantage of signal analysis to enhance their trading strategies. Similar to the other accounts, customer support is available 24/7 to assist clients with any questions or concerns they may have.
These three account types offer different features and benefits to accommodate the trading needs and preferences of a diverse range of investors. Clients can choose the account type that best suits their investment goals, risk tolerance, and trading style.
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Demo Accounts
In addition to the availability of demo accounts, High Rise Market LLC pleasantly surprises clients by providing them with an opportunity to test the trading environment of their platform and practice their trading strategies. When it comes to spreads and commissions, these are determined by the specific trading accounts. The Standard account offers spreads starting from 1.2 pips, while the Gold account features spreads starting from 0.8 pips. For those with a VIP account, spreads begin at 0.6 pips. These varying spreads allow traders to choose an account type that aligns with their trading preferences and objectives.
How to Open an Account？
To open an account with High Rise Market, please follow the steps below:
1. Visit the High Rise Market website at https://highrise.market/.
2. Locate and click on the “Open Real Account” or “Sign Up” button. This is typically found on the homepage or in the top navigation menu.
Frequently Asked Questions" />3. You will be directed to the account registration page. Fill in the required information accurately and completely. This may include personal details such as your name, email address, phone number, and country of residence.
4. Create a username and password for your account. Make sure to choose a strong and secure password.
5. Review and agree to the terms and conditions, privacy policy, and any other relevant agreements or disclosures presented during the account registration process.
6. Complete any additional steps or information required by High Rise Market to verify your identity and fulfill any regulatory requirements. This may involve submitting identification documents, proof of address, or other documentation.
7. Once you have filled in all the necessary information and completed the verification process, submit your account registration application.
8. Wait for confirmation from High Rise Market regarding the status of your account. This may involve receiving a verification email or further instructions to activate your account.
Leverage
Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while High Rise Market enables its clients to use leverage of up to 1:500. This is much higher than the proper amount considered appropriate by most regulators.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.
Trading Platform
High Rise Market offers the MetaTrader4 trading platform, which is a popular and widely used platform among experienced traders. The platform provides a simple and intuitive way to trade the markets. Traders can take advantage of features such as trailing stop, partial close, instant trading from charts, and market sentiment analysis. The platform is also available on iOS devices, allowing traders to access their accounts and trade on the go.
MetaTrader4 offers one-click and automated trading options, giving traders flexibility in executing their strategies. Microlot and minilot trading are available, allowing traders to trade with smaller position sizes. The platform provides a historic data center and strategy tester for back testing and optimizing trading strategies. Traders can set price alerts and utilize trailing stops to manage their trades effectively. MetaTrader4 is available in 21 languages, catering to a diverse range of traders worldwide.
Frequently Asked Questions" /> Deposit & Withdrawal
Regarding the information related to access to deposit and withdrawal, its official website gives a very detailed, we can get the following information very clearly.
Deposit Methods:
- Bank Transfer: Free (bank transfer fee may apply)
- Credit Cards: EUR (€) - Free, USD ($) - 5% of deposited amount
Withdrawal Processing Times:
- USD Withdrawals: Same day processing if requested before 1 PM GMT. Requests made after 1 PM will be processed the next working day.
- All Other Withdrawals: Processing within 2 working days
Withdrawal Fees:
- Threshold: USD ($1000), EUR (€800)
- Amounts Smaller Than Threshold: USD ($30), EUR (€16)
Frequently Asked Questions" /> Customer Support
High Rise Market provides customer support for clients who have inquiries or trading-related issues. Clients are encouraged to first visit the FAQ section on the High Rise Market website, where they can find answers to commonly asked questions.
If further assistance is required, clients can get in touch with High Rise Market through various contact channels. They can reach out via telephone at +994 12 310 35 10 or send an email to info@highrisemarketfx.com.
Additionally, clients have the option to follow High Rise Market on social media platforms such as Facebook, Twitter, and Instagram to stay updated with the latest information and announcements.
It is important to note that High Rise Market has certain restricted regions where its services are not offered. These regions include Italy, Spain, North Korea, Japan, Turkey, the United States, and other specified areas.
Frequently Asked Questions
Q: What trading platforms does High Rise Market offer？
A: High Rise Market offers the widely recognized MetaTrader4 platform.
Q: Can I trade cryptocurrencies on High Rise Market？
A: Yes, High Rise Market provides the opportunity to trade cryptocurrency CFDs.
Q: What are the available customer support channels？
A: High Rise Market offers multiple customer support channels, including telephone, email, and social media platforms like Facebook, Twitter, and Instagram.
Q: Does High Rise Market have a demo account？
A: Yes, High Rise Market offers a demo account.
Q: What is the maximum leverage offered by High Rise Market？
A: High Rise Market provides a maximum leverage of up to 1:500.
Q: Is High Rise Market regulated？
A: High Rise Market is currently not regulated by any valid regulatory authority.
