HFGFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-08-12 11:55

Abstract：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.

　　Note:HFGFX's official website:https://www.hfgfx.com is currently inaccessible normally.

Aspect	Information
Company Name	HFGFX
Registered Country/Area	United Kingdom
Founded Year	2018
Regulation	FSC(Exceeded),FCA(Revoked)
Trading Platform	MT4/5
Customer Support	Phone: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 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.