HFX: Safe Investment or Scam?

HFX, a trading name of PT. HFX Internasional Berjangka is an online trading service provider based in Indonesia whose goal is to provide traders with the best trading conditions by allowing them unlimited access to liquidity, low spreads, and a wide range of products and services.

Is HFX Legit?

Based on the information provided, it appears that PT. HFX Internasional Berjangka (formerly known as PT. Fortis Asia Futures) is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade in Indonesia. They hold a Retail Forex License with license number 877/BAPPEBTI/SI/1/2006.

The regulatory agency, BAPPEBTI, oversees and regulates commodity futures trading in Indonesia.

Market Instruments

HFX offers traders a wide range of financial products, mainly popular currency pairs, indices, metals, and energy in the Forex market.

Currency Pairs:

HFX provides access to a variety of currency pairs, allowing traders to participate in the foreign exchange market. Currency pairs include major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

Indices:

HFX offers trading on various stock market indices, representing a basket of stocks from specific regions or sectors.

Metals:

Traders on HFX have the opportunity to trade precious metals like gold and silver. Precious metals are often sought after as a safe haven during times of market volatility or economic uncertainty.

Energy:

HFX offers energy trading, allowing traders to participate in the price movements of commodities like crude oil and natural gas. Energy markets can be influenced by various factors, including geopolitical events and supply and demand dynamics.

Account Types

HFX offers investors four types of live accounts: Micro (minimum deposit of $100), Mini Classic (minimum deposit of $100), Classic (minimum deposit of $5,000), and Premium (minimum deposit of $5,000).

Micro Account:

The Micro Account offered by HFX requires a minimum deposit of $100. It is suitable for investors who want to start with a smaller capital. The maximum trading leverage for Micro accounts is 1:100, allowing traders to amplify their trading positions.

Mini Classic Account:

The Mini Classic Account also requires a minimum deposit of $100. It provides a slightly higher trading leverage compared to the Micro Account, with a maximum of 1:100. This account type is suitable for traders who prefer a smaller initial investment but still want the benefits of increased leverage.

Classic Account:

The Classic Account is designed for traders who are willing to deposit a minimum of $5,000. With this account, traders have access to a higher maximum trading leverage of 1:50. The Classic Account offers more advanced features and benefits compared to the Micro and Mini Classic Accounts.

Premium Account:

The Premium Account is HFX's highest-tier account, requiring a minimum deposit of $5,000. It provides the same maximum trading leverage of 1:50 as the Classic Account.

Trading Platform

HFX provides its traders with the widely recognized and highly popular MetaTrader 4 (MT4) trading platform. This platform is renowned for its advanced features, user-friendly interface, and extensive range of trading tools.

Deposit & Withdrawal

HFX provides options for traders to deposit funds into their accounts through wire transfers. The minimum deposit amount required by HFX is $100, allowing traders to start their trading activities with a manageable initial investment.

Leverage & Spreads

The maximum leverage is 1:500 for metals and energies and 1:200 for forex trading.

Typical spreads are 0.3 pips for EURUSD, 0.7 pips for EURGBP, 0.8 pips for EURCHF, and 0.5 pips for GBPUSD. The spread for the US 30 index is 3.4 pips, and the spread for the US 500 index is 0.2 pips.

Customer Support

HFXs customer support can be reached by telephone: at +6221-2933-7651, email: at support@hfx.co.id or live chat. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: APL Tower Central Park Mall Lantai 16 No. T2 Jl. Let.Jend S.Parman Kav 28 Jakarta Barat 11470 Indonesia.

Email- (support@hfx.co.id), and live chat. They are also active on social media platforms like Facebook, Instagram, and LinkedIn.

Conclusion

HFX Internasional Berjangka is a regulated broker under the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. They hold a Retail Forex License and offer a diverse range of market instruments, including currency pairs, indices, metals, and energy products. The broker provides various account types to cater to different trading preferences, with different leverage options available. HFX utilizes the popular MetaTrader 4 (MT4) trading platform, which offers advanced features and a range of trading tools.