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Hmarl Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.hmcfds.c..., the company's legitimate regulatory information United KingdomFCAInvestment Advisory License, AustraliaASICCommon Business Registration to enhance the security of the company's address

Hmarl Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Hmarl(UK) Global Holdings Limited
Abbreviation
Hmarl
Company employee
--
Contact Number
85264322383
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk

Company profile

Note: Hmarl's official website: https://www.hmcfds.com/simplified/ is currently inaccessible normally.Hmarl Information Hmarl is an unregulated brokerage company registered in the United Kingdom. The broker's official website has been closed, so traders cannot obtain more security information.Is Hmarl Legit? Hmarl is authorized and regulated by the Financial Conduct Authority(FCA) and Australia Securities & Investment Commission(ASIC), while Suspicious Clone status will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with Hmarl. After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.Downsides of HmarlUnavailable Website Hmarl's official website is currently inaccessible, raising concerns about its reliability and accessibility.Lack of Transparency Since Hmarl does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.Regulatory Concerns The FCA and ASIC regulate Hmarl. However, the Suspicious Clone status is less safe than a regulated one.Withdrawal Difficulty and Scams According to a report on WikiFX, users encountered significant difficulties with fund withdrawals and scams. The issues remained unresolved despite the request being pending for a long time.Negative Hmarl Reviews on WikiFX On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders must review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter. As of now, there were 6 pieces of Hmarl exposure. Exposure. Cannot withdraw & scamsClassificationUnable to Withdraw & ScamsDate2019-2023Post CountryHong Kong, China The users said that they had problems with withdrawals and suspicion of brokerage scams, and it was still pending after a long time. You may visit: https://www.wikifx.com/en/comments/detail/202307044512966879.html https://www.wikifx.com/en/comments/detail/202006224702139730.html.Conclusion Hmarl Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Suspicious Clone status and unregistered domain name indicate that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

Rating Index

  

Hmarl Broker - Comprehensive Information Guide

  

1. Overview of the Broker

  Hmarl, officially known as Hmarl (UK) Global Holdings Limited, was founded between 2018 and 2021. The company is headquartered in the United Kingdom, specifically located at 12 Stafford Street, Stone, Staffordshire, ST15 8QW. Hmarl operates as a private entity, providing a range of financial services primarily to retail clients and businesses.

  The broker's core offerings include various market instruments, such as loans, investment funds, insurance products, savings accounts, credit cards, and foreign exchange services. Hmarl aims to cater to diverse financial needs, positioning itself as a comprehensive financial solutions provider.

  Over the years, Hmarl has developed its business model to include retail forex trading, targeting individual investors and small to medium-sized enterprises (SMEs). The company has seen significant growth and expansion, although it has also faced challenges related to regulatory compliance and customer satisfaction.

  Hmarl broker has established itself in the competitive financial services market, but it is essential for potential clients to be aware of the various concerns surrounding its operations and regulatory status.

  

2. Regulatory and Compliance Information

  Hmarl claims to be regulated by the Financial Conduct Authority (FCA) in the United Kingdom, holding license number 469112. However, there are significant concerns regarding the legitimacy of this regulation, as there are suspicions of cloning and the presence of unregulated entities associated with Hmarl.

  The broker also references an Australian entity, Hma Investments Pty Ltd, which claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, it has been confirmed that this entity does not possess valid regulation, raising further doubts about Hmarl's compliance.

  Client funds are reportedly held in segregated accounts, which is a standard practice aimed at protecting client investments. However, the effectiveness of these measures has been questioned due to numerous complaints regarding withdrawal difficulties and potential fraudulent practices.

  Hmarl has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for maintaining regulatory standards and ensuring the safety of client transactions.

  Hmarl broker operates under a complex regulatory framework, and potential clients are advised to conduct thorough research and exercise caution before proceeding with any investments.

  

3. Trading Products and Services

  Hmarl offers a diverse range of trading products and services, primarily focusing on foreign exchange (forex) and Contracts for Difference (CFDs). The broker provides access to numerous currency pairs, enabling clients to trade major, minor, and exotic currencies.

  In addition to forex, Hmarl's CFD offerings encompass various asset classes, including:

  • Indices: Clients can trade major stock indices, providing exposure to the performance of entire markets.
  • Commodities: Hmarl offers trading in commodities such as gold, oil, and agricultural products.
  • Stocks: Clients can trade shares of popular companies, allowing for investment in individual stocks.
  • Cryptocurrencies: The broker includes digital currencies in its product lineup, catering to the growing demand for crypto trading.

  The frequency of product updates and the introduction of new trading instruments depend on market demand and regulatory considerations. Hmarl aims to provide a comprehensive suite of trading options for both retail and institutional clients.

  The broker's retail trading services are designed to accommodate individual investors, while it also offers institutional services, including white label solutions and asset management for larger clients.

  

4. Trading Platforms and Technology

  Hmarl supports the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing clients with robust tools for market analysis and trade execution. These platforms are known for their user-friendly interfaces, advanced charting capabilities, and extensive range of technical indicators.

  In addition to the MetaTrader platforms, Hmarl offers a proprietary web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation. The broker also provides a mobile application compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

  The execution model employed by Hmarl includes both Market Making and ECN (Electronic Communication Network) options, catering to different trading strategies and preferences. The broker's technical infrastructure is designed to ensure fast order execution and minimal latency, which is crucial for active traders.

  Hmarl's server locations are strategically chosen to enhance trading performance, and the broker supports API access for automated trading, allowing clients to implement algorithmic trading strategies seamlessly.

  Hmarl broker emphasizes technology and platform accessibility, ensuring that clients have the tools necessary for effective trading.

  

5. Account Types and Trading Conditions

  Hmarl offers various account types to meet the needs of its diverse clientele. The primary account types include:

  • Standard Account: This account is designed for retail traders, with conditions that typically include a minimum deposit requirement (not specified), variable spreads, and potential commissions based on trading volume.
  • VIP and Professional Accounts: Tailored for experienced traders, these accounts may offer enhanced features, lower spreads, and higher leverage options.
  • Islamic Accounts: Hmarl provides Sharia-compliant accounts for Muslim traders, ensuring that trading adheres to Islamic principles.
  • Corporate Accounts: Designed for businesses and institutions, these accounts offer specialized services and trading conditions.

  The minimum trading lot sizes, leverage ratios, and overnight fees vary by account type and trading conditions. Hmarl has not explicitly stated its leverage limits, which can be a critical factor for traders looking to maximize their positions.

  The availability of demo accounts allows potential clients to practice trading strategies without financial risk, although specific policies regarding demo accounts have not been detailed.

  Hmarl broker strives to accommodate various trading styles and preferences through its flexible account offerings.

  

6. Fund Management

  Hmarl supports multiple deposit methods, including bank transfers, credit/debit cards, and electronic payment systems. The broker has not specified minimum deposit requirements for its account types, which can vary based on individual circumstances.

  Deposit processing times are generally prompt, although specific timelines have not been provided. Clients should be aware of any potential deposit fees, as these can vary depending on the payment method used.

  Withdrawal methods mirror those available for deposits, but clients have reported challenges in accessing their funds, with some indicating that withdrawal requests have been denied or delayed. The processing times for withdrawals can also vary, and clients should familiarize themselves with the broker's policies to avoid unexpected issues.

  The fee structure for withdrawals has not been clearly defined, and clients are advised to review all terms and conditions related to fund management before proceeding with transactions.

  Hmarl broker emphasizes the importance of transparent fund management and encourages clients to stay informed about their financial activities.

  

7. Customer Support and Educational Resources

  Hmarl offers customer support through various channels, including phone, email, and online chat. The primary support number is +85264322383, and the company provides assistance in Chinese (Simplified) as well as English.

  The broker's customer support operates during standard business hours, but specific time zone coverage has not been disclosed. Clients may experience limited support availability during peak trading hours or holidays.

  In terms of educational resources, Hmarl provides a range of materials designed to enhance trader knowledge and skills. These resources include:

  • Webinars: Regularly scheduled sessions covering market trends and trading strategies.
  • Tutorials: Step-by-step guides on various trading topics, catering to both beginners and experienced traders.
  • Ebooks and Podcasts: Informative content available for download or streaming, focusing on market analysis and investment strategies.

  Market analysis services, including daily reports and research updates, are also available to clients, helping them stay informed about market movements and opportunities.

  Hmarl broker places significant emphasis on client education and support, ensuring that traders have access to the resources they need to succeed.

  

8. Regional Coverage and Restrictions

  Hmarl primarily serves clients in the United Kingdom and surrounding regions, although it also targets international markets. The broker's regional offices are located in key financial hubs, facilitating its global outreach.

  While Hmarl aims to provide services to a broad audience, certain countries and regions may be restricted from accessing its platform. Specific countries where Hmarl does not accept clients have not been disclosed, and potential clients are encouraged to verify their eligibility based on local regulations.

  The broker adheres to various legal requirements and regulations that may impact its operations in different jurisdictions, ensuring compliance with international standards.

  Hmarl broker continues to expand its market presence while navigating the complexities of global financial regulations.

  In conclusion, Hmarl presents a multifaceted approach to trading, offering a range of products and services tailored to meet the diverse needs of its clients. However, potential users should be vigilant and conduct thorough research, considering the concerns raised regarding its regulatory status and customer experiences.

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Latest Reviews

倒霉蛋

倒霉蛋

Hong Kong

The cash withdrawal did not arrive after transaction, account is locked, and it can only be unlocked by calling for a 30% security deposit.

Exposure

2023-07-04

FX7565268352

FX7565268352

Hong Kong

So if you go long in London Gold, you place the order at the price of 1900yuan/ounce, but the bid price will rise to 1905yuan/ounce. Sometimes the spread skyrockets and my worst experience was 500 pips, which is 10 to 20 times the spread of a normal platform. The platform disconnects at the very moment of your closing out, and when you log in the market has already fluctuated! They play the trick of "deposit $200 to get $300" but you must trade 20 lots in order to withdraw(the lowest spread is 70-80 pips at usual). That is to say, you should first surrender $1400-$1600 to the scam platform for commission. This trick is really deceptive.

Exposure

2020-10-04

FX4101867522

FX4101867522

Hong Kong

An individual tax, verification fee, overseas tax and margin were asked for before a withdrawal. The withdrawal was unavailable. It is simply a scam.

Exposure

2020-06-22

Hmarl Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.37, Software Index 4.00 Risk Control Index 0.00.