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Suspicious Clone
Score
1.47 /10
Danger
FNFX
2-5 yearsSuspicious Regulatory License
Fake MT4
Regional Brokers
Suspicious Overrun
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.69
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2024-09-20
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The United StatesNFA regulation (license number: 0323769) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Note: FNFX is to operate via the website - http://hnmarkets.com/En/index.html, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
The United States NFA regulation (license number: 0323769) claimed by FNFX is suspected to be a clone. Please be aware of the risk!
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 contained in this article is for general information purposes only.
General Information & Regulation
FNFX, a trading name of Huinuo International Co. Ltd, is allegedly a forex broker registered in the United Kingdom.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that FNFX holds a suspicious clone National Futures Association (NFA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.35/10. Please be aware of the risk.
Market Instruments
FNFX advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Trading Platform Available
FNFX claims to offer the worlds most widely-used and popular MetaTrader4 trading platform, but it has been verified to be counterfeit. Anyway, it is advised for traders, especially for beginners to choose the brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Customer Support
FNFX‘s customer support can be reached by telephone: 0044-20-3769740, 4402083754599, email: info@hnmarkets.com, service@ahmforex.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| N/A | • Suspicious clone |
| • Website inaccessible | |
| • Counterfeit MT4 offered |
Frequently Asked Questions (FAQs)
| Q 1: | Is FNFX regulated？ |
| A 1: | No. It has been verified that the United States NFA regulation (license number: 0323769) claimed by FNFX is suspected to be a clone. |
| Q 2: | Does FNFX offer the industry-standard MT4 & MT5？ |
| A 2: | No. FNFX offer a counterfeit MT4. |
| Q 3: | Is FNFX a good broker for beginners？ |
| A 3: | No. FNFX is not a good choice for beginners. Not only because of its suspicious clone condition, but also because of its inaccessible website and counterfeit MT4. |
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