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HDG MARKETS Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.hdglimite..., the company's legitimate regulatory information AustraliaASICAppointed Representative (AR) to enhance the security of the company's address 291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom

HDG MARKETS Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

HDG Markets Limited

Abbreviation

HDG MARKETS

Company employee

Customer Service Email Address

ceo@hdglimited.com

Contact Number

+639663490485

Company Website

https://www.hdglimited.com/en/

Company Address

291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom

Keywords

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

High potential risk

Company profile

Note: HDG MARKETS official site - https://www.hdglimited.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. HDG MARKETS Review Summary in 10 Points Founded 2-5 years Registered Country/Region United Kingdom Regulation ASIC revoked; NFA Unauthorized Market Instruments Not disclosed Demo Account Not disclosed Leverage Not disclosed EUR/USD Spread Not disclosed Trading Platforms MT4 Minimum Deposit Not disclosed Customer Support Email, Address, Phone What is HDG MARKETS？ HDG MARKETS, with full name HDG Markets Limited, is a United Kingdom-based global brokerage firm who also operate in Philippines. It offers online trading services to its clients. However, it is important to note HDG MARKETS currently has a revoked ASIC (Australia Securities & Investment Commission) license with number 001295273 and unauthorized NFA (National Futures Association) license with number 0545805 which raises concerns when trading. Also, it was categorized as illegal and scam broker on WikiFX. In the forthcoming sections, we intend to dissect and comprehensively evaluate this broker's features from diverse perspectives, delivering to you well-structured and user-friendly information. We encourage you to read further if you're intrigued. Wrapping up the article, a concise summation will be provided to allow a quick and thorough grasp of the broker's distinguishing traits. Pros & Cons Pros Cons • MT4 trading platforms • ASIC revoked • NFA unauthorized • Website dysfunctional • Categorized as illegal and scam broker on WikiFX • Lack of transparency • Negative reviews from their clients The broker provides MT4 trading platforms, which is certainly a beneficial aspect considering its widespread acceptance and advanced features. However, the cons significantly outweigh this advantage. Their ASIC license has been revoked, and there's a lack of NFA authorization. The poor design and functionality of their website further impugn their credibility. Being categorized as an illegal and scam broker on WikiFX raises serious safety concerns. Also, transparency is lacking, and there have been numerous negative reviews regarding unable to withdraw from their clients. Overall, these downsides point towards a high-risk, low-trust scenario for potential investors. Is HDG MARKETS Safe or Scam？ When considering the safety of a brokerage like HDG MARKETS or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: The situation of its ASIC license no. 001295273 being revoked, and the NFA license no. 0545805 being unauthorized, combined with the categorization as an illegal and scam broker on WikiFX, certainly casts doubts regarding the security of trading with them. Furthermore, the inaccessibility of their official website suggests a possible halt in operations. All these aspects together enhance the overall risk factors associated with making investments via the platform. User feedback: The existence of 36 reports on WikiFX regarding withdrawal challenges emerges as potential alert signals. Before opting to interact with any broker or investment platform, it's wise to conduct in-depth research and due diligence to prevent making unfortunate choices. Security measures: So far we cannot find any security measures info on Internet for this broker. Ultimately, the decision of whether or not to trade with HDG MARKETS is a personal one. You should weigh the risks and benefits carefully before making a decision. Trading Platforms HDG Markets utilizes the highly regarded MT4 trading platform which caters to all devices including Windows, Desktop, iOS, and Android. Renowned for its user-friendly interface, this platform empowers traders with seamless one-click operations for initiating and concluding trades, setting stops and entry limits. It allows the direct placement and modification of orders and the setting of stop-loss limits. Moreover, the MT4 platform offers a robust charting package providing comprehensive market analysis options. User Exposure on WikiFX On our website, you'll find a total of 36 reports of withdrawal issues on WikiFX, which signals a significant red flag. We strongly advise all traders to thoroughly investigate all accessible information before putting their hard-earned money at risk. Serving as a comprehensive resource, our platform is designed to assist traders in making well-informed decisions. If you've experienced fraudulent activities by brokers or fallen victim to such incidents, we strongly urge you to report this in our 'Exposure' section. We greatly appreciate your contributions. Our dedicated team remains steadfast in addressing these issues, working vigorously to find resolutions for such challenging situations. Customer Service HDG MARKETS provides multiple customer service options to assist its clients. Customers can reach out to HDG MARKETS through various channels to address their queries and concerns as below: Phone: +63 9663 490485 Email: ceo@hdglimited.com. Address: 291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom; 4th Floor, One E-com Center, Harbour Dr, Pasay City, Metro Manila, Philippines. Conclusion HDG MARKETS, an online brokerage based in the UK, provides trading services per available online information. Yet, its revoked ASIC and unauthorized FCA regulatory status pose immediate warnings- regulated brokers must comply with established financial rules, instilling clients with a sense of assurance. Being branded as an illegal and scam broker on WikiFX further heightens risks for traders, opening them up to potentially fraudulent activities. Furthermore, the dysfunctional website and 36 reports of withdrawal issues on WikiFX reflect a deficit in professionalism and attention to detail, undermining faith in their service reliability. Therefore, those considering HDG MARKETS should exercise caution and explore alternative, regulated brokers that value transparency, security, and accountability. Frequently Asked Questions (FAQs) Q 1: Is HDG MARKETS regulated？ A 1: No. It has been verified that this broker is currently under ASIC revoked and FCA unauthorized condition. Q 2: Is HDG MARKETS a good broker for beginners？ A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and reports of unable to withdraw. Q 3: Does HDG MARKETS offer the industry leading MT4 & MT5？ A3: Yes, it offers MT4 platform. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

HDG MARKETS broker review

Is HDG MARKETS safe or scam

Rating Index

How to login to HDG MARKETS?

hdg markets Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a hdg markets Account Registering for an account with hdg markets is the first step to accessing their trading services. Below are the detailed steps to succe

HDG Markets Forex Broker - Complete Information Guide

1. Broker Overview

HDG Markets, officially known as HDG Markets Limited, was established in 2019. The company is headquartered in the United Kingdom, with additional operations in the Philippines. It operates as a private entity, primarily targeting retail clients in the forex trading market.

Since its inception, HDG Markets has aimed to provide online trading services, particularly focusing on foreign exchange (forex) and contracts for difference (CFDs). The broker claims to offer a diverse range of trading instruments, but information regarding the specific products available has been limited.

The company has faced significant scrutiny regarding its regulatory status, with claims of operating under multiple licenses including the Australian Securities and Investments Commission (ASIC) and the National Futures Association (NFA). However, these claims have been disputed, raising concerns about the legitimacy of its operations.

While HDG Markets has made efforts to establish itself in the competitive forex market, it has encountered numerous challenges, including complaints from users about withdrawal issues and the overall functionality of its trading platform.

Overall, HDG Markets aims to cater to a global clientele, offering services primarily in the retail forex sector, but potential clients are advised to exercise caution due to the broker's questionable regulatory standing.

2. Regulatory and Compliance Information

HDG Markets claims to operate under the supervision of several regulatory bodies, including:

United Kingdom Financial Conduct Authority (FCA)
National Futures Association (NFA): License No. 0545805
Australian Securities and Investments Commission (ASIC): License No. 001295273

However, investigations have shown that HDG Markets is not registered with these agencies, and its ASIC license has been revoked. This lack of regulation raises significant concerns regarding the safety of client funds and the overall integrity of the broker.

The broker does not provide clear information about its client fund segregation policies, which is crucial for protecting investors in case of insolvency. Additionally, there is no indication of participation in any investor compensation schemes, which further heightens the risk for potential clients.

HDG Markets claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, but the lack of verification from regulatory bodies puts these claims into question. Overall, the regulatory environment surrounding HDG Markets is precarious, making it essential for traders to conduct thorough due diligence before engaging with the broker.

3. Trading Products and Services

HDG Markets offers a range of trading products, primarily focusing on forex and CFDs. The specifics include:

Forex Currency Pairs: The broker provides access to a variety of major, minor, and exotic currency pairs, although the exact number of available pairs is not disclosed.
CFD Products: These include indices, commodities, stocks, and cryptocurrencies, but detailed information about each category remains scarce.
Special Products: There are no unique or proprietary products mentioned in the available information, indicating a standard offering typical of many brokers.

The frequency of product updates and the addition of new trading instruments have not been clearly communicated, which may limit traders looking for diverse trading opportunities.

HDG Markets primarily serves retail clients, but there is no mention of institutional services or white-label solutions, which could enhance its market appeal. The absence of detailed information about asset management services suggests that the broker may not cater to a wide range of trading needs.

4. Trading Platforms and Technology

HDG Markets utilizes the widely recognized MetaTrader 4 (MT4) trading platform, which is compatible with various operating systems, including Windows, iOS, and Android.

MetaTrader 4 Support: The platform is renowned for its user-friendly interface and robust functionality, allowing traders to execute trades efficiently.
Web-Based Trading: There is limited information available regarding a dedicated web trading platform, suggesting that most trading activities are conducted through MT4.
Mobile Applications: HDG Markets supports mobile trading via the MT4 app, enabling traders to manage their accounts on the go.
Execution Model: The broker claims to operate on a Straight Through Processing (STP) model, although this has been contested due to regulatory concerns.
Server Locations: The trading servers are reportedly located in Hong Kong, which may affect latency for users in other regions.

The broker does not appear to offer any proprietary trading platforms or advanced API access for automated trading, which could limit the trading experience for more sophisticated traders.

5. Account Types and Trading Conditions

HDG Markets provides a limited range of account types, primarily focusing on standard trading accounts. Key features include:

Standard Account Conditions: Specific details regarding minimum deposits, spreads, and commissions are not disclosed, raising concerns about transparency.
Advanced Account Types: There is no mention of VIP or professional account types, which could cater to more experienced traders.
Special Accounts: Information about Islamic accounts or corporate accounts is not provided.
Demo Account Policy: The availability of demo accounts is unclear, which is essential for traders to practice before committing real funds.
Leverage Ratios: While leverage options are mentioned, specific ratios for different products are not clearly defined.
Minimum Trade Sizes: The minimum trade sizes are not disclosed, which could impact trading strategies.
Overnight Fees: Information regarding overnight fees or swap rates is also absent.

Overall, the lack of detailed information about account types and trading conditions raises red flags for potential clients considering HDG Markets.

6. Fund Management

HDG Markets supports various deposit methods, including:

Deposit Methods: Clients can use bank transfers, credit cards, and possibly electronic wallets, although specific details are lacking.
Minimum Deposit Requirements: The minimum deposit amount varies, but exact figures are not provided for different account types.
Deposit Processing Times: There is no clear information on how long deposits take to process, which can affect traders' ability to access their funds.
Deposit Fees: Details regarding any applicable deposit fees are not disclosed.
Withdrawal Methods and Restrictions: Clients can withdraw funds through similar methods as deposits, but specific limitations or processing times are not mentioned.
Withdrawal Processing Times: The time it takes for withdrawals to be processed is unclear, which could lead to frustration among users.
Withdrawal Fees Structure: There is no information available regarding withdrawal fees.

The overall lack of transparency in fund management practices is concerning and may deter potential clients from trusting HDG Markets with their capital.

7. Customer Support and Educational Resources

HDG Markets claims to offer multiple customer support channels, including:

Support Channels: Clients can reach out via phone, email, and possibly live chat, although specifics on response times are not provided.
Service Hours and Time Zone Coverage: Support is available during business hours, but exact times are not clearly stated.
Multilingual Support: The broker reportedly supports English, with limited information on other languages.
Educational Resources: There is no substantial information on educational resources such as webinars, tutorials, or e-books, which are crucial for trader development.
Market Analysis Services: Daily market analysis, news updates, and research reports are not mentioned, limiting traders' access to critical information.
Trading Tools: The availability of trading tools like calculators, calendars, or signal services is not specified.

The absence of robust customer support and educational offerings could hinder traders' overall experience with HDG Markets.

8. Regional Coverage and Restrictions

HDG Markets primarily operates in the following areas:

Main Service Markets: The broker focuses on clients in the United Kingdom and the Philippines, but its global reach is unclear.
Regional Office Distribution: There is limited information regarding the presence of regional offices outside its headquarters.
Countries/Regions Not Accepted: Specific countries where HDG Markets does not accept clients are not disclosed, which is essential for potential clients to know.
Special Restrictions: There are no details provided about any unique restrictions that might apply to certain regions.

In conclusion, while HDG Markets presents itself as a forex broker with various offerings, the lack of transparency, regulatory compliance issues, and limited information on services raise significant concerns for potential traders. It is crucial for individuals considering this broker to conduct thorough research and consider alternatives that demonstrate a commitment to regulatory compliance and client safety.

HDG MARKETS Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.38, Software Index 4.00 Risk Control Index 0.00.

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