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HMS Markets review
HMS Markets


On-line since: 2001
Country of origin: Luxembourg
Regulation: Registered in Luxembourg (registration number: B-10.559)
Payment options: Wire transfer
Minimum account size: €10,000
Minimum lot size: 0.1 lot
Leverage: 1:50
Spreads: Variable; 3 pips on average on EUR/USD

About the company:

HMS Markets Company was found in 1972. HMS LUX S.A. is one of the leading inter-dealer brokerage companies in Luxembourg, which service banks, hedge funds, traders and investors around the world.

HMS LUX S.A. is an independent firm licensed as Commissionaire et Courtier en Instruments Financiers. HMS LUX S.A. is a member of the Deposit Guarantee and Investor Compensation Scheme in Luxembourg.

HMS Markets 8/10 (votes 4245)
Author of HMS Markets: Tamliv | Date 2018-12-02
HMS is terrible broker. The EA I use chases 15 to 25 pips, and if it makes 30 pips, one third of the profits are taken as their commissions, if it makes only 15 pips, then nothing is left. Second thing they widened spreads 20 pips in 30 seconds. Yesterday I had a limit order on USD/CHF and they executed my order 60 pips away from my entry price, stealing me $120! The most terrible they not replied my email. Choose wisely and avoid HMS.
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Author of HMS Markets: Audrei | Date 2018-09-20
I regret opening an account with HMS Markets. When I used their demo account, everything was fine. The spread is always 3pips regardless of the currency pair and the execution is really fast. But when I opened a real account, only the EURUSD pair is at 3 pips. And it still goes beyond that. Their spread varies and can reach up to 7 pips on normal market condition. And the execution is now slow. Sometimes I can't open a position because the price has already changed. And that's because the platform takes long before it executes.
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Author of HMS Markets: Kenneth | Date 2018-07-20
This broker is the worse when you need any level of support. They are just after one's money. An absolute train wreck in customer service and integrity. Any problem you have will require lots of phone calls and many days before you are lucky enough to get a solution.
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Author of HMS Markets: Edmondfx | Date 2018-03-19
HMS Markets is one of the worst brokers I traded on the market. They use such a big deposit to start to trade, have all this information on their website and also the support team is very well trained to convince you to deposit. Well, the platform has delays, not because market conditions but because the broker is manipulating the prices. I traded mainly shares with them, and sometimes exotic pairs EUR/DKK and EUR/NOK. I had negative slippage due to delays and lost around 300$ in two months only because o slippage. I called their support team which is very well trained to make you believe that is your problem not theirs.
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Author of HMS Markets: Musa | Date 2018-01-29
I am really disappointed with this broker, they move prices sometimes, especially when there is volatility, and its platform is too slow, thousands of re-quotes. To be sincere I had a really hard time with hms markets. So much stress. I cannot withdraw my money, I placed a withdrawal request (which is my first withdrawal on this platform)of $120 through wire transfer 3 months ago. I have not, gotten my money till now, I have sent so many mails but no response!
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Author of HMS Markets: fxsujii | Date 2017-12-21
I think HMS is recommendable for beginner traders because they have provide the best service in the demo and they can really hone the trading skills. But for real traders and professional they are bad. I join their real trading account for a week and every trading the platform got frozen, especially when I was about to close my profitable trades. I call the technical support and they couldn't help me at all with a problem. Then they transfer me to every department because they can’t solve the issues. It's not my first time to encounter such issue. They are unable to tell me the reason. I leave them and about to find another reliable broker.
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Author of HMS Markets: Mike | Date 2017-12-21
I have with hms market for over six months with an account of more than $100k and being a professional trader, I can tell you that they are a SCAM! They have developed their own trading platform, but it has many bugs and problems.
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Author of HMS Markets: kelly_trader74 | Date 2017-11-16
I used to trade with them using the HMS Trader Go platform; my first month of trading was very fruitful. All my orders were honored, but as the days passed, the platform kept on freezing. To be honest, I don't know the reason behind it, because, my Internet connection is stable and I connected to the trading server nearest to my place. It came to point that I nearly lost all my funds when I tried to sell the EURJPY on Monday morning, around 9:00:45 AM GMT-7. I contacted their Support Team right away to request for a compensation, but to no avail. Imagine, the trading volume I set on Monday was $130 and because of their unresponsive platform, I earned nothing! Because of this, I decided stop my trading activities with them. Anyway, I already requested to withdraw all my funds worth $610.54 via local transfer, and hope to receive my money tomorrow.
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Author of HMS Markets: Goodiepip | Date 2017-10-17
For the minimum requested deposit this broker HMS markets have very bad services. Starting with the transfer which is available only with wire transfer, I passed that but it took 2 working days to have my money in the account. The support team is there but they don't speak with you, they listen, and the classic we will contact you back with our answer. The platform MT4 works with delays during the morning news feed when the London market opens. I tried to trade shares from Amazon, Google, Apple and major currency pairs EUR/USD, USD/JPY, USD/CHF, USD/CAD some exotic pairs USD/DKK , USD/NOK, and Crude Oil. I lost during 2 months of trading 1400$. I requested to withdraw the rest of my money and now is been 2 weeks since I keep waiting the approval. I don't recommend it at all!
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Author of HMS Markets: kevin | Date 2017-09-20
my journey with HMS Markets is only for 3 month after I try their systems it is not suit with me at all. I join them because I still searching broker that are suit with my trading strategy but then they are not an ideal broker. Registration account takes 3 days to be able to run because of their verification that slow and complicated. Deposit amount is not acceptable which is using euro and it must be 10 000 euro. Method of payment is only have one which through wire transfer and trader don’t have any choice to use method of payment that suit with them. Leverage only 1:50 which for me it is not a good leverage since other broker can provide 1:1000 even more. Spread is variable but it start from 3 pips and this is not good spread because other broker can give me 2 pips fixed. For 3 month trading of course there is profit and loss that I have face but I manage to gain 30% profit a month and they slow in approving my withdrawal which takes a weeks. I left them after 3 month trading and close my account and withdraw all the money and it took 2 weeks for them to transfer into my bank account. To all trader out there if you want join them considered again because there is not much benefit when join them.
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