in brief

The website is operated by HUA REN (Cyprus) Financial Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). Customers can trade currency pairs, indices, and commodities through the world’s most used trading terminal – MetaTrader 5 (MT5). Spreads of the most instruments are fixed. You can open a live account by investing at least USD200.


A good starting point is to check the company’s regulations. Hua Ren is a trading name of HUA REN (Cyprus) Financial Limited, a Cyprus Investment Firm (CIF), which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 374/19. Client’s funds are held in segregated bank accounts. The Company is a member of the Investors Compensation Fund (ICF) and its clients will be compensated if the company is unable to meet its obligations. HUA REN claims to allow news trading, hedging, and scalping as trading strategies.

Account Types

There are three types of live accounts you can open with HUA REN, which differ in the required deposit amount, offered spreads and commissions. There is also a demo account available where you can test your strategies risk free.

Mini Account – The minimum deposit amount is USD200. Spreads are fixed and the one for the EUR/USD pair is 1 pip. Trading is commission free and the value of the minimum lot is 0.01.

Classic Account – The minimum deposit amount is USD500. Spreads are fixed and the one for the EUR/USD pair is 3 pips. Trading is commission free and the value of the minimum lot is 0.1.

VIP Account – The minimum deposit amount is USD50,000. Spreads should be close to zero (although the account info shows 3 pips for the major currency pairs) at the expense of the commission of USD50 per lot traded. You can trade at least 0.1 lots.

Market Maker or STP Brokerage?

The document, which confirms how the company transact to the client orders is the Order Execution Policy. It informs that client orders are automatically routed to an execution venue, which the company has assessed to be the best execution. HUA REN uses several liquidity providers striving to provide the best price, the company claims. It does not disclose any specific details regarding the liquidity providers and the execution venues. However, the Customer Agreement document informs that the company enters into transactions with the customer as the principal counterparty and not as an agent despite the fact that the company may transmit orders to liquidity providers/brokers for execution. This confirms that HUA REN (Cyprus) Financial Limited may act as a market maker as its own discretion. The company may or may not transmit for execution client orders to its liquidity providers. Being a market maker involves a conflict of interest because when the company executes orders, it keeps the risk to itself. Every loss for customers is a profit for the company.

It is also written that re-quoting and slippage are normal practices while orders are executed. You can receive a secondary quote after an instant order has been submitted and this will be the next available market price. If you use a market execution model, your order may be subject to slippage, filled at the next available market price.

The same document warns that once the market reaches the stop loss price, the order is triggered and treated as a market order. However, market orders are subject to slippage, which means that stop loss orders are not guaranteed and will be filled at the next available market price.

The Customer Agreement file shows that all the retail clients are covered by Negative Balance Protection. The company takes the necessary steps to ensure that the maximum loss for the clients on an account basis, never exceeds the clients’ available funds in the specific account.


In addition to the usual fees such as spread, rollover, etc., there is also an inactivity fee. If there is no trading activity in your account for more than 12 months, the company reserves the right to charge an account maintenance fee to keep the trading account open. However, the amount of this fee is not mentioned.

Deposits and Withdrawals

Deposits can be made by bank transfer, credit/debit cards or by e-wallets such as Neteller and Skrill.

Withdrawals should be made using the same method used by the customer to fund his trading account. Bank transfers are usually processed by the company within 1-2 business day. However, it takes about 3-5 business days for the funds to be credited to your bank account. Skrill withdrawal requests are normally processed the same day if the request was submitted during work hours.

HUA REN does not charge any fees for either deposits or withdrawals, but any fees charged by your respective banks or payment providers are covered by you.

If you place a chargeback with your credit card company (on purpose or by mistake) for any deposit you made in your account, the company reserves the right to charge a research fee of USD150 upon receiving the chargeback to cover the investigative expenses to prove that you did make the deposit, and you hereby authorize the company to charge this amount to your credit card.

Trading Platforms

You can trade via one of the most widespread terminals in the industry – MetaTrader 5 (MT5).

MT5 is the newer version and successor to MT4. It is a modern and powerful trading platform that offers more execution options, order types, indicators, and graphical objects. You can use built-in plug-ins created to speed up the ways of trading. An economic calendar is built in and you can create your own trading robots, charting objects, and technical indicators.


HUA REN offers three asset groups for trading:

Currency Pairs – 17 major and minor currency pairs can be traded. Spreads are fixed and depend on the account type. The one for the EUR/USD pair is 3 pips for Classic account.

Indices – You can trade CFDs on 4 indices with variable spreads. They include Dow Jones Industrial Average, Nasdaq100, S&P500 and DAX.

Commodities – 2 precious metals, and 1 energy product are available for trading. They include Gold, Silver, and Crude Oil.


HUA REN has a CySEC regulation, which allows it to provide financial services across European Union (EU). It can act as a market maker and as an STP brokerage and the company decides how to act on its own discretion. There are only a few instruments available for trading via the popular MT5 terminal. Spreads are fixed but not so attractive. There are three types of live accounts and you can start trading with as low as USD200.


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