Score

1.49 /10
Danger

HFTrading

New Zealand

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm Australia

High potential risk

D

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Score

Regulatory Index0.00

Business Index6.86

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

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Broker Information

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Company Name

CTRL Investments Limited

Company Abbreviation

HFTrading

Platform registered country and region

New Zealand

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-20
  • The claimed AustraliaASIC regulation (license number: 414198) is verified as a clone firm. Please pay attention to the risk!
  • The New ZealandFMA regulation (license number: 197465) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

HFTrading · Company summary

General Information

It has been verified that HFTrading is a clone. The licensed company it impersonates is a New Zealand company called CTRL Investments Ltd.

What is CTRL Investments Ltd?

HFTrading is the brand name of CTRL Investments Ltd, a company based in New Zealand and registered in Australia. HFTrading offers a wide array of CFDs and assets, including currency pairs, crypto markets, indices, precious metals, commodities, stocks, and more.

Official Website

As of now, the website of HFTrading (Clone) - https://www.hftrading.com/ is not available. We can't even find any information about this fake broker online. It is worth mentioning that the official website of the real CTRL Investments Ltd is located at https://www.ctrlinvestments.com/

What are clone brokers?

As it turns out, clone brokers are on the rise these days, with fraudulent companies setting up shop by using names of reputable companies to trick clients into thinking that theyre trading with a regulated Forex firm. They even use the license number of regulated brokers to fool traders into opening accounts with them! And identity theft is a typical fraudulent method for “cloned companies”: the fraudster uses information about an actual authorized company, such as company registration number (CRN), address, email, etc., to gain credibility and even legitimacy in order to convince and solicit investors.

Risk Warning

The license number 414198 issued by ASIC, which HFTrading (Clone) claims to hold, proved to be a clone. Meanwhile, the license number 197465 issued by FMA, which this scam broker claims to hold, proved to be a suspicious clone. As this broker has been proven to be a clone, investors are advised to stay away from this shady platform and do not make any transactions with it!

User Reviews

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User comment

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Comments

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Stalinium
more than one year
HFTrading’s web platform will sometimes give you bad prices, but when you buy and sell, it's at the real price. So, never use this broker and don’t let your money fall into their pockets.
HFTrading’s web platform will sometimes give you bad prices, but when you buy and sell, it's at the real price. So, never use this broker and don’t let your money fall into their pockets.
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2023-03-01 09:54
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搭UFO去旅行
more than one year
The worst broker I ever met. My account manager treated me very rudely, as I cannot afford to invest what he wanted me to. He insulted me and yelled that I have been wasting his time. He did not care about my loss at all. I hate this HFTrading!
The worst broker I ever met. My account manager treated me very rudely, as I cannot afford to invest what he wanted me to. He insulted me and yelled that I have been wasting his time. He did not care about my loss at all. I hate this HFTrading!
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2023-02-16 09:36
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