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Hmarl -

Score

1.54 /10
Danger

Hmarl

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://www.hmcfds.com/simplified

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Comparison

Quantity 6

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.22

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Hmarl(UK) Global Holdings Limited

Company Abbreviation

Hmarl

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

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

Fraud broker

The fraud broker gave no access to the withdrawal, asking me to pay the individual tax, and its staff even blackmailed me.

2020-04-29 18:46
Scam

Please stay away from the scam platform Hmarl

I couldn’t log in the mt5 today, so I logged in the website, only to find the 66 dollars which transferred from the mt5 to the platform were gone. The customer service personnel did not reply me. It is fortunate that I only deposited in 20 dollars. I have to thought the problem as a lesson.

2019-06-25 18:09
Scam

It is simply a fraud platform.

An individual tax, verification fee, overseas tax and margin were asked for before a withdrawal. The withdrawal was unavailable. It is simply a scam.

2020-06-22 10:43
Unable to Withdraw

My withdrawal request was refused.

The platform didn’t give no access to withdrawal and even asked for individual tax! The so-called flexible deposit and withdrawal is nonsense.

2020-04-30 09:54
Unable to Withdraw

The cash withdrawal did not arrive after transaction, account is locked, and it can only be unlocked by calling for a 30% security deposit

The cash withdrawal did not arrive after transaction, account is locked, and it can only be unlocked by calling for a 30% security deposit.

2023-07-04 13:30
Others

Slippage, disconnection with no reason and bonus cheat

So if you go long in London Gold, you place the order at the price of 1900yuan/ounce, but the bid price will rise to 1905yuan/ounce. Sometimes the spread skyrockets and my worst experience was 500 pips, which is 10 to 20 times the spread of a normal platform. The platform disconnects at the very moment of your closing out, and when you log in the market has already fluctuated! They play the trick of "deposit $200 to get $300" but you must trade 20 lots in order to withdraw(the lowest spread is 70-80 pips at usual). That is to say, you should first surrender $1400-$1600 to the scam platform for commission. This trick is really deceptive.

2020-10-04 07:14
Hmarl · Company summary

Note: Hmarl's official website: https://www.hmcfds.com/simplified/ is currently inaccessible normally.

Hmarl Information

Hmarl is an unregulated brokerage company registered in the United Kingdom. The broker's official website has been closed, so traders cannot obtain more security information.

Is Hmarl Legit?

Hmarl is authorized and regulated by the Financial Conduct Authority(FCA) and Australia Securities & Investment Commission(ASIC), while Suspicious Clone status will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with Hmarl.

After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.

Is Hmarl Legit?
Is Hmarl Legit?
Is Hmarl Legit?

Downsides of Hmarl

  • Unavailable Website

Hmarl's official website is currently inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since Hmarl does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

The FCA and ASIC regulate Hmarl. However, the Suspicious Clone status is less safe than a regulated one.

  • Withdrawal Difficulty and Scams

According to a report on WikiFX, users encountered significant difficulties with fund withdrawals and scams. The issues remained unresolved despite the request being pending for a long time.

Negative Hmarl Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders must review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Hmarl Reviews on WikiFX

As of now, there were 6 pieces of Hmarl exposure.

Exposure. Cannot withdraw & scams

ClassificationUnable to Withdraw & Scams
Date2019-2023
Post CountryHong Kong, China

The users said that they had problems with withdrawals and suspicion of brokerage scams, and it was still pending after a long time. You may visit: https://www.wikifx.com/en/comments/detail/202307044512966879.html https://www.wikifx.com/en/comments/detail/202006224702139730.html.

Conclusion

Hmarl Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Suspicious Clone status and unregistered domain name indicate that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

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User comment

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Comments

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Bee
more than one year
Hmarl is suspected of being a clone and does not provide a secure trading service, which means that it may be a great security risk, and your trading funds and personal information may be compromised. Therefore, I strongly recommend everyone to stay away from this site and trade with a broker that offers secure and trustworthy trading services. When choosing a brokerage firm, it is important to do thorough background checks and research to ensure the safety of your funds and personal information
Hmarl is suspected of being a clone and does not provide a secure trading service, which means that it may be a great security risk, and your trading funds and personal information may be compromised. Therefore, I strongly recommend everyone to stay away from this site and trade with a broker that offers secure and trustworthy trading services. When choosing a brokerage firm, it is important to do thorough background checks and research to ensure the safety of your funds and personal information
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2023-03-29 11:43
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