HFGFX Forex Broker

Note:HFGFX's official website:http://www.hfgfx.com is currently inaccessible normally. AspectInformation Company NameHFGFX Registered Country/AreaUnited Kingdom Founded Year2018 RegulationFSC(Exceeded),FCA(Revoked) Trading PlatformMT4/5 Customer SupportPhone:4000920177,4000177336(Chinese)HFGFX Information Established in 2018 and with headquarters in the United Kingdom, HFGFX runs under FSC control (Exceeded.). The business provides a complete license for the trading systems MT4/5. For customer service, they offer Chinese-speaking clients phone assistance using the numbers 4000177336 and 40009 20177.Is HFGFX Legit or a Scam？ Financial Services Commission(FSC) Current StatusExceeded Regulated byFSC License TypeNo Sharing License No.IFSC/60/528/BCA/19 Licensed InstitutionKATO PRIME BELIZE LIMITED Financial Conduct Authority(FCA) Current StatusRevoked Regulated byFCA License TypeAppointed Representative(AR) License No.807949 Licensed InstitutionHonorfalcon(UK)Global LtdDownsides of HFGFX Cons Limited information on the webstie Lack of transparency Regulatory concerns Unable to withdrawal Limited Information: HFGFX presents limited details on its operations, services, and trading conditions, which makes it difficult for potential clients to have a complete awareness of the company.Lack of clarity: Important elements like firm policies and cost structures clearly lack clarity, therefore eroding trust.Exceeded regulation:Though the FSC (Exceeded) controls this, there are questions over the dependability and efficacy of this regulatory control.Unable to Withdraw: Clients have complained about problems withdrawing their money, which calls serious questions regarding the dependability of the business and financial policies.Negative HFGFX Reviews on WikiFX On WikiFX, “Exposure” is listed as user-generated word of mouth. Traders encouraged to review content and assess risks before dealing on prohibited platforms. Regarding connected details, kindly consult our platform. Report dishonest brokers in our Exposure section; our team will strive to resolve any issues you come across. There were 63 overall pieces of HFGFX exposure as of right now. I'll mention two of them. Exposure.1 Unable to withdraw ClassificationUnable to Withdraw DateJuly 9, 2020 Post CountrySingapore The client claimed that HFGFX is a fake business, pointing out that they couldn withdraw their $20,000 deposit and that no one answered their emails following a profit of $70,000.You may visit: https://www.wikifx.com/en/comments/detail/202007294212667287.html Exposure.2 Dead Market ClassificationDead Market DateApril 2nd, 2020 Post CountryHong Kong,China While other accounts traded without issue, the client claimed their account displayed no market movement, a shortcoming particular to this platform.You may visit: https://www.wikifx.com/en/comments/detail/202004021472312352.htmlConclusion Selling using HFGFX appears dangerous. Clients have complained about things including lack of openness, account limits, and withdrawal difficulties. To guarantee a safe trading experience, one should pick well-regulated brokers who offer open, honest information.