Huobit (huobit.io) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: huobit.io.
I requested my data from Huobit (huobit.io) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Multi-currency support|Intuitive for beginners|Market news feed
Cons: No dark mode on mobile
After spending for about ten months trying to make Huobit (huobit.io) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Smooth onboarding|Tax reports included
Cons: Withdrawal takes 1-2 business days
I experienced a security concern with my Huobit (huobit.io) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Instant funding|Customizable dashboard|Helpful community forum
Cons: Website design could be more modern|Some tools only available on higher tiers
Do not be fooled by the professional-looking website. Behind the scenes, Huobit (huobit.io) is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Social trading features|Portfolio tracking tools|Two-factor authentication|Fast deposits
Cons: Charting tools need more indicators|No crypto staking
The spread at Huobit (huobit.io) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: Excellent charting|Economic calendar|Responsive team|Instant funding
Cons: Mobile app could be improved
The reporting at Huobit (huobit.io) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Customizable dashboard|Real-time alerts
Cons: Wish they had more educational resources
I had high hopes for Huobit (huobit.io) from a review site like this one, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Fast execution|Fast support response
Cons: None so far
Huobit (huobit.io) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Tax reports included|Excellent charting|Intuitive for beginners
Cons: Alert system is basic
I am in a dispute with Huobit (huobit.io) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Fast support response|Automated trading options
Cons: Charting tools need more indicators|Slow to add new assets
I gave Huobit (huobit.io) a fair chance. After for about five months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Reliable uptime|Real-time alerts|Professional team|Easy withdrawals
Cons: Inactivity fee applies after 12 months|Minimum deposit could be lower