HFGFX Forex broker specializes in providing foreign exchange trading services, the company's official website http://trader.hfgfx.com/register, the company's legitimate regulatory information United KingdomFCAAppointed Representative(AR),BelizeFSCCommon Financial Service License, to enhance the security of the company's address .
HFGFX Forex Broker
Basic information
United Kingdom
5-10 years Regulated in Belize Common Financial Service License Suspicious Scope of Business United Kingdom Appointed Representative(AR) Revoked Suspicious Overrun High potential risk Offshore RegulatedCompany profile
Note:HFGFX's official website:http://www.hfgfx.com is currently inaccessible normally.
AspectHFGFX 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 Status | Exceeded |
| Regulated by | FSC |
| License Type | No Sharing |
| License No. | IFSC/60/528/BCA/19 |
| Licensed Institution | KATO PRIME BELIZE LIMITED |
| Financial Conduct Authority(FCA) | |
| Current Status | Revoked |
| Regulated by | FCA |
| License Type | Appointed Representative(AR) |
| License No. | 807949 |
| Licensed Institution | Honorfalcon(UK)Global Ltd |
Downsides 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
| Classification | Unable to Withdraw |
| Date | July 9, 2020 |
| Post Country | Singapore |
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
| Classification | Dead Market |
| Date | April 2nd, 2020 |
| Post Country | Hong 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.html
Conclusion
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.
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Latest Reviews
徽郎
Singapore
Take heed on this 2 frauds. They induced me to deposit 20 thousand yuan. After I profited 70 thousand and wanted to make a withdrawal, they disappeared. The saleswoman names Zhang Jinyu. The are both online on WhatsAPP, but gave no reply to withdrawal process. I caution you against it.
Exposure
2020-07-13
徽郎
Singapore
Unable to withdraw. The photos of the business manager Mr. Chen and the trader Zhang are attached below. They didn’t answer any messages and calls when they appeared online on WhatsApp. It was my first investment from which I was scammed USD 20,000. I lost all my capital. I hope other investors can take the warning.
Exposure
2020-07-11
徽郎
Singapore
It is simply a gang of fraud. I deposited 20 thousand dollars and profited 70 thousand. When it came to withdrawal, both the sales manager Chen and Zhang Jinyu were out of contact. No service dealt with my email. Actually, there is no such person named in TongHai company. Take heed on it.
Exposure
2020-07-29