HMD FX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://customer11.hmdsystem.com/Account/Register, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.
Note: HMD FXs official site - https://hmdspan293.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
HMD FX, also known as HMD Investment LLC, is a trading entity that operates without the oversight or regulation of any recognized financial authority. One concerning aspect of HMD FX is its registration in Saint Vincent and the Grenadines, an offshore jurisdiction known for its lenient regulations compared to more tightly controlled financial centers. The company claims to offer a range of market instruments, including currency pairs, stocks, cryptocurrencies, gold, and indices, providing traders with access to diverse assets for investment and trading purposes.
Pros | Cons |
Multiple Market Instruments | Lack of Regulation |
Nontransparent Trading Conditions | |
Official Website Malfunctioning |
Multiple Market Instruments: HMD FX offers a wide range of market instruments, including currency pairs, stocks, cryptocurrencies, gold, and indices. This diversity provides traders with opportunities to access various assets for investment and trading purposes, allowing for portfolio diversification.
Lack of Regulation: HMD FX has not been regulated by any recognized financial authority. The absence of a regulatory framework raises questions about the company's legitimacy and commitment to industry standards.
Nontransparent Trading Conditions: However, HMD FX's nontransparent trading conditions may pose challenges for traders in terms of understanding fees, spreads, and other key trading parameters.
Official Website Malfunctioning: HMD FX'S official website is malfunctioning , which can hinder traders' ability to access important information, trade efficiently, or seek assistance from customer support.
HMD FX provides a range of market instruments, including Currency, Stocks, Crypto, Gold, and Indices, allowing traders access to diverse assets for investment and trading purposes.
HMD FX offers comprehensive customer support to its clients.Clients can reach out to HMD FX through various channels.
In summary, while HMD FX offers a diverse range of market instruments,the lack of regulation, nontransparent trading conditions, and issues with the official website raise significant concerns for potential traders. It is advisable for investors to proceed with caution and consider these drawbacks carefully before engaging with HMD FX as a trading partner.
What markets can I trade with HMD FX?
Currency pairs, stocks, cryptocurrencies, gold, and indices.
Is HMD FX regulated by any financial authority?
No, HMD FX operates without regulation from recognized financial authorities.
How about the trading conditions on HMD FX?
It's opaque and their website is currently unavailable.
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.
SelçuQ
Turkey
I signed in with hmd investments llc 140 thousand₺. I made a considerable profit with the help of investment advisor. It's in the pictures. Then, when I wanted to withdraw this money, I was asked to deposit extra money under 18% tax + dividend. After that, I did not open a transaction for a long time, and then the person he claimed to be an FCA expert contacted me, supposedly came to audit FCA. The company does not have an FCA license. I contacted FCA via mail and provided this information to them, and it turned out they didn't have a license. Now, because I filled the trading volume, they would not receive dividends and if I switched to another price provider, I could only pay $3400 to withdraw my money. My finance expert is Süleyman UĞURLU and the other person is Özgür Bey who contacted me first. And if these people actually exist? My phone was broken, I lost some information. But I took some screenshots. After the earthquake, I sold my vehicle and entered the forex market with this money. I was planning to build my house with my earnings. It was all lies. Now I'm on the minus, not even at zero. I hope they won’t pocket the money they took from me.
Exposure
2023-07-31