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HXPM Forex Broker provides real users with * positive reviews, * neutral reviews and 10 exposure review!

HXPM Broker Review

1.59

WikiFX monitor

Business

Influence E

License

HKGX Clone Firm

HXPM Review 10

Latest All(10) Exposure(10)
Exposure

My friend recommended this broker to me. But this broker absconded.

.47551
2021-03-04
Exposure
HXPM

HXPM changed its name to BanXingHuanQin 8BX. Now we can't log in

似水流年57571
2021-01-21
Exposure
Why a 10-year aged broker changed its name and website, neglecting users’ comments?

I don’t understand why a 10-year aged broker with moderate spread changed its name and cloned the NFA license? If it hasn’t changed the information or cloned license, with CGSE license, it still could maintain a reputation on WikiFX. Now its name is HX金融. I knew WikiFX accidentally, on which HX金融’s score is low with some compliants. Thus, I need to observe for some while.

神经蛙57937
2020-04-20
Exposure
The acoount was blocked up

I use it many years ago,I feel the function was good,it comes out many new rules ,they looged out my account without transaction

Silvia 大苹果
2019-09-27
Exposure
Going against the international trend,HX8888 intends to make clients’ accounts become forced liquidation

Please pay attention to HX8888 platform I failed to buy 2 lots of Hang Seng Index when it opened in the morning.The system always showed ”The current price has changed,please replace the order.” Finally,I bought it successfully with price higher for 25,377.And the operator began to manipulated the market. The candlestick disappeared with the server disabled. I made a screen recording immediately.The Heng Seng Index went down to 25180 straightly while the Baidu international market didn’t fluctuate with going up lightly,maintaining at 25367. Showing this screen recording,I want warn you to stay away from fraud platform.

FX3119977365
2019-08-26
Exposure
HXPM is a scam. They deleted my account and won’t let me deposit.

On August 21, 2018, I saw the advertisement of HXPM on a stock market software, which showed some account opening bonus and the income doubled things. So I opened an account and deposited. Some time ago my trade was normal and slightly profitable. During the period, the deposit and withdrawal are also normal. Before the deposit was made through some official payment channel, and later the deposit was changed to a private account. During that time, their customer service often called me and said that the investment instructors in their live room were very powerful. I was misled by the so-called instructor in the platform’s live broadcast, causing serious losses. At this time, the platform suddenly issued an announcement, and then transferred my account to another platform called HXPM International and deleted all my original transaction records. During the period, they also opened several new platforms with various names. They open a new platform as simple as a street vendor, and they don't need regulatory supervision because they simply earn customers' losses, so they change their names to attract new incomers. Now that I have lost all my money, so they shut down my account directly for no reason, so that I can't deposit and can't do any search on my account. I asked the customer service why, the explanation he gave was vague. They did not reply to my emails. If you want to earn back the money, or want to make money, they will not give you a chance. All of the things I said have screenshots to testify. Those who want to make money in the forex market should pay attention to see if you are intending to invest in the website of HXPM. I have no way to protect my rights but WikiFX.

丁布小
2019-01-26
Exposure
Something wrong withHXPM

HXPM’s official qq has been discontinued, and related business has been given to the next small company. It may not be regulated

陈来生
2019-01-16
Exposure
Fraud HXPM

HXPM is a scam company. It changed the company name later into Hengxin Global Investment, Fortis Global Investment. It gives order advice in live stream studio. When it comes to a key market, the software is offline and orders can not be closed out. HXPM once contacted me to deal with the problem, but it kept delaying the problem until the company name has been changed and has not dealt with the problem.

我本善良18
2019-01-04

  

HXPM 2025 Review: Everything You Need to Know

  HXPM, a Hong Kong-based forex broker, has garnered mixed reviews from users and experts alike. Established in 2017, the broker primarily offers trading services on the MetaTrader 4 (MT4) platform, catering to clients interested in various financial instruments. While it boasts high leverage and competitive spreads, significant concerns regarding its regulatory status and customer service persist.

  Note: It is important to highlight that HXPM operates under different entities across regions, which may influence its regulatory compliance and user experience. Therefore, potential traders should conduct thorough research and remain vigilant.

  

Rating Summary

Category Score (out of 10)
Account Conditions 4.0
Tools and Resources 3.0
Customer Service and Support 2.0
Trading Experience 5.0
Trustworthiness 3.0
User Experience 4.0

  How We Rate Brokers: Our ratings are based on comprehensive analysis and user feedback, ensuring an objective assessment of the broker's offerings.

  

Broker Overview

  Founded in 2017, HXPM operates from Hong Kong and offers trading services primarily through the MetaTrader 4 platform. The broker provides access to a variety of asset classes, including forex, commodities, indices, and cryptocurrencies. However, it lacks robust regulatory oversight, raising red flags about its legitimacy and the safety of client funds. According to sources, it has been identified as a potential clone firm, operating under the guise of regulated entities but lacking genuine oversight.

  

Detailed Breakdown

  

Regulatory Landscape

  HXPM is primarily regulated by the Chinese Gold & Silver Exchange Society (CGSE), which is not recognized as a robust regulatory authority by many traders. The absence of stricter regulatory oversight from more established bodies raises concerns about investor protection and fund security. Furthermore, multiple complaints have been lodged against the broker, indicating issues with withdrawals and customer service.

  

Deposit/Withdrawal Options

  HXPM supports several deposit methods, including bank wire transfers, credit/debit cards, and e-wallet services like Skrill and Neteller. However, the withdrawal process has been criticized for its inefficiency and potential delays. Users have reported complications when attempting to withdraw funds, which is a significant red flag for any broker.

  

Minimum Deposit

  To open an account with HXPM, traders need a minimum deposit of $100 for the starter account, which is relatively accessible. However, users should be cautious, as the low entry point might not reflect the overall quality of service.

  

Bonuses/Promotions

  Currently, there are no specific promotional offers or bonuses mentioned in the available reviews, indicating a lack of competitive incentives for new traders.

  

Tradable Asset Classes

  HXPM provides access to a variety of financial instruments, including forex pairs (major, minor, and exotic), indices, commodities (like gold and oil), and cryptocurrencies (such as Bitcoin and Ethereum). However, the actual execution and trading conditions for these assets have received mixed reviews.

  

Costs (Spreads, Fees, Commissions)

  The broker claims to offer competitive spreads, starting from 1.0 pip for the starter account and going as low as 0.1 pip for the pro elite account. However, the lack of transparency regarding commissions and additional fees has been a point of contention among users, with many expressing concerns about hidden costs.

  

Leverage

  HXPM offers a maximum leverage of up to 1:500, which can be attractive for traders looking to maximize their potential returns. However, high leverage comes with substantial risk, especially for inexperienced traders who may not fully understand the implications.

  

Allowed Trading Platforms

  The primary trading platform offered by HXPM is MetaTrader 4 (MT4), known for its user-friendly interface and extensive customization options. However, the platform is considered outdated by some, lacking advanced features that are increasingly demanded by modern traders.

  

Restricted Regions

  While HXPM primarily targets the Chinese market, it also accepts clients from various regions. However, traders should verify the regulatory status in their respective jurisdictions before opening an account.

  

Available Customer Service Languages

  Customer support at HXPM is mainly available in Simplified Chinese, which may pose challenges for non-Chinese speaking clients. The limited support options and language barriers have led to negative feedback regarding the overall customer service experience.

  

Repeated Rating Summary

Category Score (out of 10)
Account Conditions 4.0
Tools and Resources 3.0
Customer Service and Support 2.0
Trading Experience 5.0
Trustworthiness 3.0
User Experience 4.0

  

Detailed Rating Breakdown

  

Account Conditions (4.0)

  The account types offered by HXPM, including starter, advanced, and pro elite accounts, cater to different trading needs. However, the minimum deposit requirement of $100 is offset by concerns over the broker's transparency regarding account features and hidden fees.

  

Tools and Resources (3.0)

  HXPM lacks educational resources, tutorials, and market analysis tools, which are crucial for traders, especially beginners. This deficiency hampers traders' ability to enhance their skills and make informed decisions.

  

Customer Service and Support (2.0)

  Customer support has received significant criticism, with many users reporting long wait times and language barriers. The lack of a dedicated support line for English speakers further complicates the customer experience.

  

Trading Experience (5.0)

  The trading experience on the MT4 platform is generally positive, with users appreciating its customization options. However, the outdated nature of the platform and the absence of advanced features limit its appeal.

  

Trustworthiness (3.0)

  The regulatory concerns surrounding HXPM, coupled with multiple user complaints about withdrawal issues, significantly impact its trustworthiness. Traders should exercise caution and conduct thorough research before engaging with this broker.

  

User Experience (4.0)

  While the user interface of MT4 is generally user-friendly, the overall experience is marred by concerns over customer service and regulatory compliance. Traders may find better alternatives that offer a more robust support system.

  In conclusion, while HXPM presents some attractive features, such as high leverage and a variety of tradable assets, significant red flags regarding regulatory status, customer service, and user experiences warrant caution. Potential traders are advised to consider these factors carefully before committing to this broker.