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Huobi Review (Huobi Global) 2024

8.96/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $1
Trading platform:
  • Web platform
  • Mobile application
Trading features
  • OTC trading
Updated:
8.96/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $1
Trading platform:
  • Web platform
  • Mobile application
Trading features
  • OTC trading
367*
people picked this broker on the Traders Union website over the last 3 months
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Huobi Global isn't available in United States
Check out the best Crypto exchanges

Our Evaluation of Huobi Global

8.96/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
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Huobi Global is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Huobi Global clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.

The Huobi Global cryptocurrency exchange offers traders a wide range of financial assets, but the company's activities are not certified, which may entail high financial risks during cooperation.

Brief Look at Huobi Global

Huobi Global (pronounced “haw-be”; with “huo” meaning “hot” or “popular” and “bi” meaning “coin” or “currency” = “popular currency”) is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company Huobi Global started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity. More about the safety of cooperation with Huobi.

Advantages of trading with Huobi Global:
  • a vast array of trading instruments;
  • the minimum level is US$1;
  • the site is integrated for clients worldwide.
Disadvantages of Huobi Global:
  • lacks a demo account;
  • few ways to contact support;
  • the activities of the cryptocurrency exchange are not licensed or regulated by any authority;
  • clients' financial assets are not protected by segregated accounts or compensation payments in the event of an exchange liquidation;
  • there are no training materials or courses for users on its website.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

Huobi Global is a popular worldwide cryptocurrency exchange, which can be safely called universal since the minimum deposit is only $1 but demo accounts are not available to exchange clients.

Among cryptocurrency exchanges, Huobi Global is distinguished by 300+ trading instruments. Trading is carried out in several formats. It is possible to trade on the web platform that is built into the user's account, as well as trade from mobile devices using the Huobi Global application. The company also periodically runs promotions that include financial rewards to participants.

The Huobi Global website contains basic information about the exchange's activities, while the website’s interface is fully adapted for English-speaking users. It is worth noting that the exchange does not provide details on its license, if any. Also, it has no section that contains training materials.

Trade with this broker, if:
  • You are interested in yield-generating opportunities. Huobi offers the ability to deposit funds and earn attractive yields ranging from double-digit to triple-digit percentages on various cryptocurrencies, making it appealing for those seeking passive income streams.
  • You appreciate educational resources. Huobi offers educational content to help users stay informed about cryptocurrency markets and trading strategies, empowering them to make informed investment decisions and improve their trading skills.
Do not trade with this broker, if:
  • Regulatory concerns are a priority for you. Huobi Global operates from an unlicensed entity in Seychelles, which may raise regulatory concerns in certain jurisdictions. It's important to consider the regulatory landscape and potential risks associated with trading on an unlicensed exchange.
  • You are a US citizen. Huobi Global is not accessible to US citizens due to regulatory restrictions. If you reside in the United States, you will need to explore alternative exchanges that are compliant with US regulations.

Huobi Global Summary

Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.

💻 Trading platform: Web platform, mobile app for iOS and Android
📊 Accounts: Standard
💰 Account currency: Account replenishment is possible in all currencies and cryptocurrencies provided by the exchange
💵 Replenishment / Withdrawal: Cryptocurrency wallet
🚀 Minimum deposit: 1 USDT / 0,0005 BTC
⚖️ Leverage: Up to 1:200
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Commission: No
🔧 Instruments: Cross rates, currency pairs
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Market
⭐ Trading features: OTC trading
🎁 Contests and bonuses: Yes

The trading conditions provided by Huobi Global exchange are competitive. So, the minimum deposit is $1 — or 0.0005 BTC, when replenishing in any of the currencies on the site. The size of the deposit is automatically converted. More than 140 assets are available on the exchange, which contains more than 300 currency pairs. The exchange does not provide information on the size of its spreads, leverage, margin calls, and stop / out levels, or the minimum order sizes.

User Satisfaction

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Pro Javid
3 days ago
Social link Verified
Location AZ Baku
Dignity

Convenient trading platform and favorable commissions

Shortcomings

While looking for negative sides of the company

HuobiGlobal provides traders with a detailed trading platform that integrates popular trading indicators and candles. I can easily use the platform's original chart or the TradeView or depth to ascertain different market trends within a minute, helping me make good market movement. Again, trades can be opened with 0.01 lots. A micro lot of 0.01 lot size allows for a potentially profitable but relatively small investment. It is the recommended lot size for beginner traders getting started on the HuobiGlobal platform. A trader will profit $1 (10 cents per pip) for every ten points gained if they initiate a 0.01 lot position in the EURUSD currency pair. So for EURUSD, ten pips for 0.01 lot size profit are $1.

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Pro Imran Khan
2 weeks ago
Social link Verified
Location PK Karachi
Dignity

wounderfull orgnization

Shortcomings

there is no any weakness

HuobiGlobal media authenticator helps limits the rate at which scammers use social media channels they claim is affiliated with them to scam. I was a victim of social media scam and it was telegram the people claim is connected to the broker I was using to trade crypto then used, I have to stop trading after I got scammed. I registered with HuobiGlobal and with the HTX official media authenticator, i can identify social media channels truly affiliated with HTX. It is important for traders to watchout for scammers using some crypto exchanges to hide thier thier identity. With the HuobiGlobal media authenticator, ensure you verify each social media channels that tells you they are affiliated with HTX before you subscribe.

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Pro Tom
6 weeks ago
Social link Verified
Location TJ Dushanbe
Dignity

Customer service

Shortcomings

Nothing

HuobiGlobal trading platform includes a trading bot that you to trade with quant strategies. You can configure this bot to trade with strategies like mean reversion which focuses on the reverting of the price of stocks and financial instruments to their average value. This bots monitors the market, identify the best trade format, and executes the trade using the parameter set by the trader. The HTX grid trading bot an excellent tool for financial derivatives that to buys gradually when the market goes down, and sells automatically when the market starts to recover. The best way to maximize investors' profits in a volatile market is to buy coins during periods of declining value and earn USDT during periods of strong market conditions! Because major tokens are highly liquid and guarantee capital preservation and appreciation, the Grid Trading Bot is especially useful when trading them.HTX provides a grid trading user guide to help traders get started with the platform bots.

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Pro Vanessa Kute
7 weeks ago
Dignity

Helped with passport verification

Shortcomings

Took time to process passport

HuobiGlobal customer service was helpful and patient with me during my account verification. Verification on HuobiGlobal took me time and to pass pass level 4 which is the address verification and it was approved after 2 days which I think was a long time to verify an account. But the account still hadn't verified the message from the customer care is account did not match with profile this was because the naming differences in profile and id. It then I realized that the name and country different. The issue was resolved with the help of the customer agent. So, I went through this long process because name and country was not same as seen on the passport.

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botafogorio
5 weeks ago

What I liked about Huobi is that here you won’t be left alone with the market. They will always help if needed. They help those who are just starting and don’t currently have a strategy. It is important to note that trading and conditions here are suitable for everyone. Both novice and experienced traders feel comfortable here.

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Georgefoolo
29 weeks ago

huobi global quickly processes withdraws. Funds are credited instantly as soon as the request is submitted. This is of course a plus for the company. But there are plenty of downsides, I won’t lie. Sometimes, the platform is slow, and support cannot be reached....

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JANILKUMAR
13 weeks ago

My impression of Huobi is quite ok. There are good charts. At first it was not quite usual to trade here, as there are still some peculiarities, but now everything is fine.

Commissions and fees

Information
Traders Union specialists checked the Huobi Global cryptocurrency exchange for the presence of explicit and hidden fees. No hidden fees were found, and the trading fee for opening orders is 0.2%. The exchange does not charge users a trading fee for deposits or withdrawals, but be careful because commissions are often set by payment systems (Visa, PayPal, etc.)
Account type Commission (minimum value) Withdrawal commission
Standart $18 Absent

There is no information on the commission for transferring a position to the next day on the exchange website (swaps). Trading fees at Huobi Global have been analyzed and compared to other popular trading exchanges. Based on the data obtained, the commission level of the exchanges was determined as low, medium, or high.

Broker Average commission Level
$18
Medium
$6
Low
$20
High

Investment Options

Huobi’s Global Cryptocurrency Exchange aims to provide services for productive work. The company does not provide investors with the necessary programs to generate passive income (e.g., PAMM accounts, etc.). However, the exchange still allows users to make a profit from its affiliate referral program.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Huobi Global’s affiliate program:

  • Huobi Global Referral Program. Any client of the company can join the program. The partner's task is to attract new users using an individual referral link. The partner receives a financial reward in the form of a 15% commission from all trading done by the attracted referral. The bonus is credited within 12 months.

The more clients a partner attracts the higher his commission. Thus, the user can make money with the exchange, even without being an active trader.

Latest Huobi Global News

15.05.2024
Mirjan Hipolito
HTX subsidiary withdraws application for Hong Kong license
​HBGL Hong Kong Limited, a subsidiary of cryptocurrency exchange HTX, has once again withdrawn its application for a VATP license. This means that the
27.02.2024
Mirjan Hipolito
HTX has withdrawn its Hong Kong license application
​Crypto exchange HTX (formerly Huobi Global) has withdrawn its application for a cryptocurrency services license submitted just six days ago. On
21.02.2024
Mirjan Hipolito
HTX applies for VATP license in Hong Kong
​Crypto exchange HTX (formerly Huobi) has applied for a VATP license from the Hong Kong Securities and Futures Commission (SFC). HBGL Hong Kong Limited,
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