HCFX Forex Broker

Note: HCFX's official website: http://en.hcfx.com/ is currently inaccessible normally.HCFX Review SummaryFounded2006Registered Country/RegionUnited StatesRegulationFSPR (Exceeded) and NFA (Unauthorized)Market InstrumentsForex, metals, crypto, indices, commodities, shares and cryptocurrenciesDemo AccountYesLeverageUp to 1: 1000SpreadStarting from 1.5 pipsTrading PlatformMT5Min Deposit$20Customer Support00852-35902333customerservice@hcfx.comHCFX Information HCFX is a brokerage firm that offers many trading instruments across multiple asset classes including forex, metals, crypto, indices, commodities, shares, and cryptocurrencies. It provides both Standard accounts and free demo accounts through MetaTrader 5 with high leverage up to 1:1000 and spreads starting from 1.5 pips.Pros and ConsPros Cons Supports MetaTrader 5FSPR (Exceeded) and NFA (Unauthorized)High leverage up to 1:1000A low minimum deposit of $20Is HCFX Legit? HCFX was a Financial Service Corporation regulated by the Financial Service Providers Register (FSPR) in New Zealand with a license number of 646029. But the license is revoked now. Besides, HCFX once had a Common Financial Service License regulated by the National Futures Association (NFA) in the United States with a license number of 0508498. But it is unauthorized.Regulatory Status Revoked Regulated by The Financial Service Providers Register (FSPR)Licensed Institution HC HOLDINGS GROUP LIMITEDLicensed TypeFinancial Service CorporateLicensed Number646029Regulatory Status UnauthorizedRegulated by National Futures Association (NFA)Licensed Institution H C INFOMATION TECHNOLOGY CO LIMITEDLicensed TypeCommon Financial Service LicenseLicensed Number0508498What Can I Trade on HCFX? HCFX offers many trading instruments across different asset classes, including forex, metals, crypto, indices, commodities, shares, and cryptocurrencies.Tradable Instruments Supported Forex✔Commodities✔Metals✔Indices✔Cryptocurrency✔Shares✔Stock❌Account Type HCFX offers both Standard accounts, which require a minimum deposit of $20, and free demo accounts for traders.HCFX Fees HCFX provides spreads starting from 1.5 pips. The company does not charge any commissions for trading pairs, metals, indices, commodities, and stocks. But the commission rate for cryptocurrencies is 0.8% per lot.Trading PlatformTrading PlatformSupported Available Devices Suitable for MetaTrader 5✔PC and MobileInvestors of all experience levelsDeposit and Withdrawal HCFX requires a minimum deposit of $20 for Standard accounts.