HMP Brokers
Experiences, reviews and information about the provider
Details
Pros
- Personal support and trading coaching from fixed contact persons
- Access to professional trading platforms for futures and options
- German location with German-language service
- Regulatory link to a BaFin-licensed liability umbrella
Cons
- No BaFin permit of its own, only a tied agent
- No deposit protection of its own, cover depends on the settling institution
- Coaching offers incur additional costs on top of trading fees
- Little publicly verifiable information on fees and terms
Fact sheet: HMP Brokers
| Company name | HMP Brokers |
| Founded | 2014 |
| Headquarters | Düsseldorf |
| Country | 🇩🇪 Germany |
| Type | trading plattform |
| Website | hmpbrokers.com * |
About HMP Brokers
The HMP Brokers brand belongs to Helbig Marx und Partner GmbH of Düsseldorf, which was entered in the commercial register in 2014. The company has no permit of its own under the German Securities Institutions Act (Wertpapierinstitutsgesetz) but works as a tied agent (vertraglich gebundener Vermittler, BaFin register no. 80160148) under the liability umbrella (Haftungsdach) of Innovative Investment Solutions GmbH, which bears regulatory responsibility and is supervised by BaFin (the German financial regulator). Besides access to trading platforms for shares, futures, options and currencies, it also offers trading coaching and managed asset management. Because HMP Brokers is not a credit institution itself, there is no deposit protection (Einlagensicherung) of its own: securities are held separately as customer property at the settling custodian bank, and cash balances are covered by the protection scheme of the institution that holds the account. The offer is aimed at active traders looking for personal support and training.
Special features
- Legal entity is Helbig Marx und Partner GmbH, Hüttenstraße 4, Düsseldorf
- Operates under the liability umbrella of Innovative Investment Solutions GmbH
- Combination of brokerage, training and asset management
- Entered in the BaFin register of tied agents
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