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Score
United Kingdom
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 14
Exposure
Score
Regulatory Index0.00
Business Index7.55
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
HonFx Ltd
Company Abbreviation
HonFX
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
Its website is disabled for one month. Pay attention!
The platform is out of contact since April 14th. The service email has been canceled. The broker couldn’t be found on MT4. My profit has been withheld. Stay away from HonFX .
HonFX shut the website maliciously. We couldn’t search information of HonFX on MT4 anymore. The withdrawal is unavailable. Give back my hard-earned money.
The website is disabled since April 14th, causing unavailable trading and withdrawal.
It has been one month and one week since HonFX disappeared. Fraud!
HonFX closed the trading system in the middle April. Then the website became disabled, as well the service. I couldn’t search anything about this broker. It is simply a fraud.
The exposure has been released for 2 months since April 14th. Now I couldn’t log in, let alone make withdrawal. It disappeared on MT4. Dare you to end up here?
I couldn’t search HonFX on Mt4. The website is disabled for 2 months. It is out of contact.
The website and withdrawal in HonFX are unavailable. It changes trading server.
On April 14th, HonFX shut my account, leading to unavailable withdrawal. The official service didn’t reply to me. My email was also rejected. The fund is doomed. HonFX has been vanished.
The website of HonFX is disabled for one week, still less the withdrawal. The customer service doesn’t reply to the email. The platform has changed the trading software.
The website is disabled since April 14th, leading unavailable withdrawal. Hope you take back money for us.
HonFX has been out of contact, thus the withdrawal is unavailable. Take heed on it.
Having been disappeared for more than one month, the salesman came to me seeing my exposure. I required him to solve my problem, while he seemed to be more grievous. Boasting an absolute fund security and then paltering you was their routine. It has no bottom line.
Aspect | Information |
Company Name | HonFX |
Registered Country/Area | United Kingdom |
Founded year | 5-10 years ago |
Regulation | Not regulated |
Market Instruments | Securities, futures, and forex |
Account Types | N/A |
Spreads | N/A |
Trading Platforms | N/A |
Customer Support | Email support@honfx.com |
HonFX, operating from the United Kingdom for 5-10 years, lacks regulatory oversight, exposing traders to significant risks. Despite offering a variety of trading assets including securities, futures, and forex, the absence of regulation raises risks about transparency and investor protection. Traders face uncertainties due to the undisclosed founding location and time, casting doubt on the broker's credibility.
The lack of regulatory compliance undermines trust and reliability, urging traders to proceed cautiously and consider alternative options for their investments.
HonFX operates without any regulatory oversight.
This absence of regulation means there are no rules or standards to ensure the fairness and security of transactions. Customers are vulnerable to potential fraud, manipulation, and misconduct without any recourse or protection. Unregulated entities like HonFX lack transparency and accountability, exposing investors to significant risks such as loss of funds and lack of legal recourse in case of disputes.
Pros | Cons |
N/A | Official website inaccessible |
Lack of regulatory oversight | |
Limited transparency | |
Potential for fraudulent activity |
Pros:
N/A
Cons:
Official Website Inaccessibility: HonFX's official website is currently inaccessible, preventing traders from accessing essential information and services.
Lack of Regulatory Oversight: HonFX operates without regulatory oversight from established financial authorities, exposing traders to potential risks.
Limited Transparency: HonFX exhibits limited transparency in its operations, with insufficient disclosure of key information such as corporate ownership, regulatory status, and financial performance. This lack of transparency makes it challenging for traders to assess the broker's credibility, evaluate risks, and make informed decisions.
Potential for Fraudulent Activity: The absence of regulatory oversight and limited transparency create an environment conducive to fraudulent activities within HonFX. Traders are at risk of encountering scams, Ponzi schemes, and other fraudulent practices that could result in financial losses.
HonFX offers a range of trading assets including securities, futures, and forex.
The inclusion of securities allows for investment in stocks, representing ownership in publicly traded companies.
Futures enable trading contracts for the future delivery of commodities or financial instruments at pre-set prices.
Forex trading involves the exchange of currencies, facilitating speculation on exchange rate fluctuations.
HonFX lacks valid regulation, exposing investors to significant risks. With 14 complaints in the past 3 months and suspected clone FCA regulation (license number: 781452), it's crucial to stay away from this broker. Unregulated entities like HonFX pose serious threats, including potential scams and loss of funds. Protect yourself and your investments by avoiding involvement with unregulated brokers like HonFX.
HonFX has faced a staggering 14 exposures, including complaints about pyramid schemes, website disappearance, and withdrawal issues.
Users report being unable to access their profits and encountering unresponsive customer service, with some even alleging their accounts were banned before the broker vanished. The website has been disabled for an extended period, leaving traders unable to conduct transactions or reach support.
This prolonged absence and lack of communication suggest severe operational issues or potential fraudulent activity. Such instability undermines trust and reliability, making trading on the platform extremely risky and potentially resulting in significant financial losses for investors.
In conclusion, while HonFX offers a wide range of trading assets, its notable disadvantages outweigh potential advantages.
The lack of regulatory oversight and transparency poses significant risks for traders, undermining trust and reliability. Despite accessible customer support, the absence of clear corporate information and an inaccessible website further exacerbates risks about the broker's credibility.
Question: Is HonFX regulated?
Answer: No, HonFX operates without regulatory oversight.
Question: What trading assets are available on HonFX?
Answer: HonFX offers a variety of assets including securities, futures, and forex.
Question: How can I contact customer support?
Answer: You can reach HonFX customer support via email at support@honfx.com.
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