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HTFX -

Score

1.49 /10
Danger

HTFX

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://hightopfx.com

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.85

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

HTFX

Company Abbreviation

HTFX

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 000332890) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Withdrawal Issues

I tried more than 5 times to withdraw and received email confirmation that request under review. It’s been more than 2 weeks and nothing happened

FX1093316775
2020-12-29 00:12
Unable to Withdraw

A trap

I was actually so stupid to beleave this people and put through Bitcoin money to that account. First I made profit. Then after I raised funds they made all loose in a trade, and ask to put again money in the fund. So I lost 2000Usd to them. It could be possible that the currencypair called GDH they are trading is invented.

FX2480058652
2020-11-29 18:02
Resolved

Required to pay taxes and margin. Later, the customer service informed me that I could not withdraw funds.

I met this person on IG. The person claimed to be doing financial management, and later I took the initiative to ask how to manage finances. That person taught me to take out loans and asked me to deposit 200,000, and said he was willing to provide 42,000 US dollars to help me into depositing. Then the operation was no problem, until I wanted to withdraw funds, I was told that I had to pay 6,000 in taxes and fees, and 25,000 was the 17,000 margin that the person had helped to pay before. Finally, I was suspected of money laundering and asked me to pay a margin. As a result, I can't withdraw my own margin now.

JIAJIA9441
2024-06-06 11:47
Others

Hacked into my MT4 account and empty all my profit

After my last trade led by teacher Zhang 张德林 on 21 July 2020 at 9:50pm, I could no longer log back into my MT4 account after several attempts. I suspected something went wrong and so I went to login to the backoffice or system account of HTFX and found out a lot of unauthorized trades were performed with my knowledge. I believed this is an insider job as my password is 12characters long and I never disclose my password to anyone. The whole purpose as I watched before my eye that night was to empty all my profit by either sell or buy and immediately closed the order on GDH product. Each lot cost me $40 in a commission paid to the broker. So started with 100lots and gradually to smaller lots till my account run of margin. I called teacher Zhang and his assistant but no reply. HTFX has no 24hours customer hotlines and I have written several emails to HTFX but no response from them either. I lost a total of US$126,000. I demand an audit trail from HTFX if you seeing this. I will file a police report against HTFX.

Affetto
2020-07-23 17:16
HTFX · Company summary

Note: HTFX's official website: https://hightopfx.com/ is currently inaccessible normal.

HTFXReview Summary
Founded2023
Registered Country/RegionAustralia
RegulationASIC (Suspicious clone)
Market InstrumentsCryptos, Forex, Indices
Demo Account✅
LeverageUp to 1:400
EUR/USD Spread0.3 pips
Trading PlatformMT4
Min DepositA$1 000
Customer SupportEmail: service@htfx.com.au

HTFX is allegedly a forex broker registered in Australia, yet with the company behind it undisclosed to all. HTFX offers two trading accounts to choose from, access to MT4 trading platform. With lack of regulatory information, funds are not safe.

HTFX claims ASIC regulation but is flagged as a suspicious clone. ASIC is responsible for regulating financial activities in Australia. HTFX offers two account types, Standard and Advanced, with different minimum deposits and potential benefits. Leverage options range from 1:100 to 1:400.

HTFX‘s homepage

Pros and Cons

Pros Cons
Support MT4Unregulated
Lower spreadsInaccessible website
Support demo accountsHigh minimum deposit
Limited contact channels

Is HTFX Legit?

HTFX claims to be regulated by the Australia Securities & Investment Commission (ASIC) with license number 332890. However, it has been detected as a suspicious clone.

Regulatory Status Suspicious Clone
Regulated by Australia Securities & Investment Commission (ASIC)
Licensed Institution Neptune Securities LTD
Licensed TypeNo Sharing
Licensed Number332890

It is advisable to exercise caution and avoid engaging with this broker.

Investing with unregulated entities can carry significant risks, including potential fraud, loss of funds, and lack of recourse in case of disputes.

It is generally recommended to choose regulated brokers that are authorized by reputable regulatory authorities.

Is HTFX Legit?
Is HTFX Legit?

What Can I Trade on HTFX?

HTFX offers limited trading asset classes, only cryptos, forex, and indices, other popular trading products such as stocks, cryptocurrencies, etc. are not available.

Tradable Instruments Supported
Cryptos✔
Forex✔
Indices✔
Stocks❌
Cryptocurrencies❌
Bonds❌
Options❌
Mutual Funds❌
ETFs ❌

Account Type

HTFX offers two trading accounts: Standard and Advanced.

The minimum initial deposit for the Standard Account is AUD$1,000, and the Advanced accounts require AUD$50,000.

Leverage

HTFX offers leverage up to 1:400. It is important to note that high leverage means high potential returns, but it also means high risk.

Spreads

HTFX claims to offer low spreads, but without being able to register a real account, we cannot verify the actual spreads for live trading. However, the demo EUR/USD spread is mentioned as favorable at 0.3 pips.

Trading Platform

HTFX offers the MetaTrader 4 platform to its clients, which is a widely recognized and popular trading platform in the forex industry. It allows users to access real-time market data, analyze charts, use technical indicators, execute trades, and even automate trading strategies through its built-in programming language (MQL).

Trading PlatformSupported Available Devices Suitable for
MT4✔WebBeginners
MT5❌/Experienced traders
Trading Platform

Deposit and Withdrawal

The broker accepts Alipay EFT, and UnionPay.

The minimum initial deposit is 1000 Australian dollars, around 8 times higher than the sum regulated brokers asks from the traders on average- 100 US dollars.

The standard withdrawal requests are free of charge, but the extra ones cost 30 Australian dollars.

HTFX claims to process withdrawal requests within 3 days.

User Reviews

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User comment

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Comments

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BenjaminSmith
more than one year
400xleverage? Sounds exciting. But you can win big, but you can also lose your shirt, just like playing Russian roulette with your money.
400xleverage? Sounds exciting. But you can win big, but you can also lose your shirt, just like playing Russian roulette with your money.
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2024-08-07 11:57
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菩提58947
more than one year
This hateful HTFX gave me the most terrible trading experience! Their ignorant and rude customer support staff refused to reply me when I cannot log into my MT4 trading account. I would definitely give it 0 stars if I have the choice!
This hateful HTFX gave me the most terrible trading experience! Their ignorant and rude customer support staff refused to reply me when I cannot log into my MT4 trading account. I would definitely give it 0 stars if I have the choice!
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2023-02-24 16:19
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