Forex HedgeHood Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.9

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.1

Business 1.4

Risk Control 1.7

Software 2.4

Regulatory 1.9

Terminal Snapshot

HedgeHood Trading Conditions

Registered Region Australia

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@hedgehood.com

Contact Number +611800845095

Website www.hedgehood.com

Balanced Review

Pros & Cons

Pros

Regulated by the Australian Securities and Investments Commission (ASIC)
Diverse trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
Advanced trading platform: MetaTrader 5 (MT5) with automated trading options
Competitive pricing with spreads starting from 0.0 pips
24/5 customer support available for assistance

Cons

Limited regulatory oversight beyond ASIC
Commission fees applicable on Raw Account
No educational resources highlighted
Potential inactivity fees for dormant accounts
Withdrawal fees for e-Wallet withdrawals

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	HedgeHood	DBG Markets	IC Markets Global	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does HedgeHood Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Standard Account	Beginners and casual traders	Commission-free trading, spreads starting from 1.0 pips	Minimum deposit of $100 AUD or equivalent
Raw Account	Experienced traders	Tighter spreads from 0.0 pips, commission of $2.5 per side	Minimum deposit of $100 AUD or equivalent

Account Opening Process

To open an account with HedgeHood, follow these steps: First, submit your personal information, including your full name, email address, and password. Next, provide your employment and financial details as requested. Then, complete the identity verification process by uploading the necessary documents, such as a government-issued ID and proof of address. Once verified, you can access your account. HedgeHood offers flexibility, allowing you to upgrade to professional account types later if your trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	1.0	$0	Standard Account
Forex (EUR/USD)	0.0	$2.5	Raw Account
CFDs (Stocks)	Varies	Commission applies	Minimum commission on share CFDs
CFDs (Indices)	Varies	Commission applies	Minimum commission on index CFDs
Cryptocurrencies (BTC/USD)	Varies	Commission applies	Dependent on market conditions

Other Fees

HedgeHood does not charge fees for deposits, but external fees may apply based on the payment method. There may also be inactivity fees for dormant accounts. Platform usage fees are not applicable. Traders should be aware of overnight interest (swap rates) for positions held overnight and currency conversion fees when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

HedgeHood User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Michael Smith

Sydney

★ ★ ★ ★ ★

I experienced significant delays in withdrawing my funds. Customer support was not very helpful and took too long to respond to my inquiries. I expected better service considering they are regulated by ASIC.

Emily Johnson

Melbourne

★ ★ ★ ★ ★

I had a frustrating experience with HedgeHood. I tried to contact support multiple times but received no useful responses. My account was inactive for a while, and I was charged an inactivity fee without prior notice. Not impressed.

David Brown

Brisbane

★ ★ ★ ★ ★

HedgeHood offers a solid trading platform with MT5, which I find very user-friendly. The speed of execution has been great for my trades. However, I wish they offered more educational resources for new traders.

Sarah Wilson

Perth

★ ★ ★ ★ ★

I am very satisfied with my experience at HedgeHood. The variety of trading instruments is impressive, and I appreciate the commission-free trading on the Standard Account. The customer support has been responsive whenever I’ve needed assistance.

Australia Market