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Score
United Kingdom
Stoppage of Business5-10 years
Regulated in Belize
Common Financial Service License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
Offshore Regulated
Add brokers
Comparison
Quantity 61
Exposure
Score
Regulatory Index3.05
Business Index7.45
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
HonorFalcon Global Limited
Company Abbreviation
HFGFX
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
The platform only allows losses, which is so mean.
Why the market was dead in my account, which hadn’t occurred in other platforms? It is restrained?
The illegal platform only allows losses and gives no s to withdrawal. The customer service is out of contact.
It is simply a gang of fraud. I deposited 20 thousand dollars and profited 70 thousand. When it came to withdrawal, both the sales manager Chen and Zhang Jinyu were out of contact. No service dealt with my email. Actually, there is no such person named in TongHai company. Take heed on it.
The slippage in HFGFX was up to 1000 pips, causing forced liquidation.
The system began to get stuck these 2 days. I didn’t know that HFGFX would withdraw from Chinese market.
As long as I made profits, the platform would claim that I violated the rules. Thus, the withdrawal is unavailable.
Unable to withdraw. The photos of the business manager Mr. Chen and the trader Zhang are attached below. They didn’t answer any messages and calls when they appeared online on WhatsApp. It was my first investment from which I was scammed USD 20,000. I lost all my capital. I hope other investors can take the warning.
When making profits, I couldn’t close position due to a stuck system, causing losses.
I deposited 2000 and profited 3284, while the customer service rejected my withdrawal request in bad manner.
The promotion is not genuine. The platform prohibited clients from closing position quickly and locked clients’ accounts inexplicably, paltering with the problem of system stuck.
I contacted with HFGFX in last June through FX 110. The customer service asked me to add WeChat and lobbied me to open account. As it was ranked first on FX 110, I deposited fund into 2 accounts, while the trading became unavailable on 10:00 AM. After inquiring the customer service, I was informed that I had violated the rule. Now $9845.62 balance is unavailable. Hope you punish this scam platform severely! Thank you!
As long as I made profits, the platform would claim that I had violated the trading rule.
After causing forced liquidation, the broker withdrew form the market. The customer service gave no response.
Take heed on this 2 frauds. They induced me to deposit 20 thousand yuan. After I profited 70 thousand and wanted to make a withdrawal, they disappeared. The saleswoman names Zhang Jinyu. The are both online on WhatsAPP, but gave no reply to withdrawal process. I caution you against it.
I have been trading in HFGFX . But there is a stuck system since this year. In recent one month, HFGFX has suspended the trading on XAU/USD with the reason of lowering the risk. I know it was an abracadabra since the price difference is $2, sometimes only $1. For example, at 22:20 on April 2nd, the price difference was higher than $2.3, then it suddenly soared after 22:26, making the gap into $1. Then the trading was banned.
Note:HFGFX's official website:http://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) |
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.
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 |
Cons |
Limited information on the webstie |
Lack of transparency |
Regulatory concerns |
Unable to withdrawal |
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
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.
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