English

Hengda Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.hengdagol..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), United KingdomFCAMarket Maker (MM), Hong KongHKGXType AA License, New ZealandFSPRFinancial Service Corporate to enhance the security of the company's address

Hengda Forex Broker

Basic Information

Registered Region

China

Operating Period

Company Name

Hengda Group

Abbreviation

Hengda

Company employee

Company Website

http://www.hengdagold.com/

912315723

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm United Kingdom

Clone Firm Hong Kong

Clone Firm Australia

Clone Firm New Zealand

Suspicious Overrun

High potential risk

Company profile

Note: Hengdas official site - https://www.hengdagold.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. 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 contained in this article is for general information purposes only. General Information Hengda Review Summary in 2 Points Registered Country/Region China Regulation Not regulated (Counterfeit dealer) What is Hengda？ Hengda is an online trading platform based in China that offers trading services to individuals interested in the financial markets. However, it is important to note that Hengda‘s website is currently unavailable, making it difficult to verify its legitimacy or regulatory status. It’s categorized as Counterfeit Dealer on WikiFX.The lack of regulation also raises concerns about the level of security and protection provided to customers. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Pros Cons • None • Not regulated (Counterfeit dealer) • Lack of transparency • Website unfunctional • No way to contact • Negative reviews from their clients Hengda Alternative Brokers There are many alternative brokers to Hengda depending on the specific needs and preferences of the trader. Some popular options include: XGLOBAL- An online forex and CFD broker providing traders with access to a wide range of markets, advanced trading technologies, and competitive trading conditions through its innovative platforms and liquidity network. Eightcap – A trusted broker that offers competitive trading conditions, including tight spreads, flexible account options, and a user-friendly trading platform, making it a top choice for both beginner and experienced traders looking for a seamless trading experience. XTB- XTB is a well-established broker known for its competitive spreads, extensive educational resources, and user-friendly platforms, making it a reliable option for traders of all levels. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is Hengda Safe or Scam？ When considering the safety of a brokerage like Hengda 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: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky. User feedback: 3 reports on WikiFX about scams, fraud and inability to withdraw should be taken into consideration as potential red flags. It is recommended to conduct thorough research and due diligence before engaging with any financial company or investment platform. 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 Hengda is a personal one. You should weigh the risks and benefits carefully before making a decision. User Exposure on WikiFX On our website, you can see those 3 pieces of reports of scam, fraud and unable to withdraw on WikiFX. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Customer Service Hengda, unfortunately, does not offer customer service channels through the internet, limiting the convenience and accessibility for its clients. The absence of any customer service channels for Hengda is deeply concerning and raises questions about the company's transparency and commitment to addressing its clients' needs. Without clear avenues for reaching out for assistance or resolving inquiries, clients may feel left in the dark and uncertain about the reliability of the company. Conclusion According to available information, Hengda is a China-based trading platform that offers trading services to its clients. However, the fact that it is non-regulated is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct. Additionally, an unfunctional website and no customer service channel indicates a lack of professionalism and attention to detail, which further erodes confidence in the company's ability to provide reliable and efficient services. Besides of this, it even gets 3 reports of scam, fraud and unable to withdraw on WikiFX, which makes it extremely unreliable. As such, individuals considering Hengda as their brokerage firm should exercise extreme caution and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability. Frequently Asked Questions (FAQs) Q 1: Is Hengda regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: Is Hengda a good broker for beginners？ A 2: No. It is not a good choice for beginners. It is a counterfeit dealer and the website is unavailable currently. Morever, there are several reports of scams and unable to withdraw. We don't advise any traders trade with such brokers. Please be aware of the risks!

Hengda broker review

Is Hengda safe or scam

Rating Index

How to login to Hengda?

Hengda Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Hengda Account Registering for a Hengda account is the first step to accessing the platforms trading features. Follow these detailed steps to complete the regist

Hengda Forex Broker - Complete Information Guide

1. Broker Overview

　　Hengda, officially known as Hengda Real Estate Group, was established in 1998 and is headquartered in Wenzhou, China. The company operates as a private entity and primarily serves the real estate market, focusing on property development and management. Over the years, Hengda has developed a reputation within the financial markets, particularly in the realm of online trading services.

　　Hengda has gone through various milestones, including notable expansions in its real estate portfolio and the introduction of financial services. The company has leveraged its real estate ventures to diversify its business model, which now includes offering retail forex trading services to individual investors and institutional clients alike. The Hengda broker operates under the umbrella of the Evergrande Group, a conglomerate that has diversified interests across various sectors, including real estate, healthcare, and electric vehicles.

　　Hengda's business model includes retail forex trading, where it provides clients with access to financial markets, including forex and CFDs. The broker aims to cater to both novice and experienced traders, offering a platform that facilitates trading in various financial instruments.

2. Regulatory and Compliance Information

　　Hengda broker is currently unregulated, which raises significant concerns regarding its legitimacy and the security it provides to its clients. There are no major financial authorities overseeing its operations, and the lack of regulation has led to its classification as a counterfeit dealer by sources like WikiFX.

　　Due to its unregulated status, Hengda does not possess a regulatory number or any valid licenses that would typically assure clients of compliance with financial standards. The absence of oversight means that there are no guarantees regarding the safety of client funds, and there are no investor compensation schemes in place to protect clients in the event of insolvency or fraud.

　　Hengda has not publicly disclosed its policies regarding the segregation of client funds or its adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. This lack of transparency further compounds the risks associated with trading through this broker.

3. Trading Products and Services

　　Hengda broker offers a limited range of trading products, primarily focusing on forex currency pairs. The broker provides access to a selection of major, minor, and exotic currency pairs, enabling traders to engage in various trading strategies. However, the exact number of forex pairs available is not specified in the available information.

　　In addition to forex, Hengda also provides access to Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This range of products allows traders to diversify their portfolios and engage in different market segments.

　　The broker's product offerings may evolve over time, but there is currently no information available regarding the frequency of updates or the introduction of new trading instruments. Retail trading services are the primary focus, with limited institutional offerings mentioned in the context of the broker's overall operations.

4. Trading Platforms and Technology

　　Hengda broker does not appear to support the widely popular MetaTrader 4 or MetaTrader 5 platforms, which are commonly used by forex traders for their robust trading capabilities. Instead, the broker may offer its proprietary trading platform, although specific details about this platform, including its features and functionalities, are not readily available.

　　The broker's website indicates that there may be a web-based trading platform available, but the lack of a functional official site raises questions about the accessibility and reliability of the platform. Additionally, there is no information on mobile applications for iOS or Android devices, which are essential for traders who prefer to trade on the go.

　　The execution model employed by Hengda is also unclear, with no specific mention of whether it operates as an ECN, STP, or Market Maker. Furthermore, the details regarding server locations and technological infrastructure remain undisclosed, which further complicates the evaluation of the broker's operational capabilities.

5. Account Types and Trading Conditions

　　Hengda broker offers a standard account type, but specific details regarding the minimum deposit requirements, spreads, and commissions are not provided in the available information. The broker may also have advanced account types such as VIP or professional accounts, but these are not explicitly mentioned.

　　The broker does not appear to offer specialized accounts such as Islamic accounts or corporate accounts, which may limit its appeal to a broader range of traders. Information about the availability of demo accounts for practice trading is also lacking.

　　Leverage ratios available through Hengda broker are unspecified, which is a critical consideration for traders looking to understand the risks associated with margin trading. Additionally, the minimum trade sizes and overnight fees are not detailed, leaving potential clients without essential information to make informed decisions.

6. Fund Management

　　Hengda broker supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, the minimum deposit requirements for different account types are not clearly outlined in the available information.

　　The processing times for deposits are also unspecified, which may lead to uncertainty for clients looking to fund their trading accounts promptly. There is no information available regarding any deposit fees that may apply.

　　Withdrawal methods and limitations are not detailed, making it difficult for potential clients to assess the ease of accessing their funds. The processing times for withdrawals and any associated fees are also not provided, which could be a significant concern for traders considering this broker.

7. Customer Support and Educational Resources

　　Hengda broker appears to have limited customer support channels, with no clear indication of available contact methods such as phone, email, or live chat. The absence of a functional official website raises concerns about the broker's commitment to addressing client inquiries and providing necessary support.

　　There is no information available regarding the service hours or time zone coverage for customer support, nor is there any mention of multilingual support options. The lack of educational resources, such as webinars, tutorials, or eBooks, further diminishes the broker's appeal to novice traders.

　　Market analysis services, including daily analyses, news updates, and research reports, are also not mentioned, which could hinder traders' ability to make informed decisions. Additionally, there is no information on trading tools such as calculators, calendars, or signal services that could assist traders in their trading activities.

8. Regional Coverage and Restrictions

　　Hengda broker primarily serves clients within China, but specific details regarding its regional offices or distribution are not provided. The broker's operational scope may extend to other regions, but this information is not clearly outlined.

　　There are no explicit mentions of countries or regions from which Hengda does not accept clients, which could lead to potential legal challenges or compliance issues. The absence of such information may deter potential clients who are concerned about regulatory compliance and the legitimacy of the broker's operations.

　　In conclusion, while Hengda broker presents itself as a trading platform for forex and CFD trading, the lack of regulation, transparency, and detailed operational information raises significant concerns. Potential clients should exercise caution and conduct thorough research before engaging with this broker.

Hengda Similar Brokers

Zenith

Best brokers