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HCFX -

Score

1.57 /10
Danger

HCFX

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://en.hcfx.com

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.44

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

HC HOLDINGS GROUP LIMITED

Company Abbreviation

HCFX

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 6
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 this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

HCFX

New Zealand

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Sources
Data Source WikiFX Data provide
Updated: 2025-01-01
HCFX · Company summary

Note: HCFX's official website: http://en.hcfx.com/ is currently inaccessible normally.

HCFX Review Summary
Founded2006
Registered Country/RegionUnited States
RegulationFSPR (Exceeded) and NFA (Unauthorized)
Market InstrumentsForex, metals, crypto, indices, commodities, shares and cryptocurrencies
Demo AccountYes
LeverageUp to 1: 1000
SpreadStarting from 1.5 pips
Trading PlatformMT5
Min Deposit$20
Customer Support00852-35902333
customerservice@hcfx.com

HCFX Information

HCFX is a brokerage firm that offers many trading instruments across multiple asset classes including forex, metals, crypto, indices, commodities, shares, and cryptocurrencies. It provides both Standard accounts and free demo accounts through MetaTrader 5 with high leverage up to 1:1000 and spreads starting from 1.5 pips.

Pros and Cons

Pros Cons
  • Supports MetaTrader 5
  • FSPR (Exceeded) and NFA (Unauthorized)
  • High leverage up to 1:1000
  • A low minimum deposit of $20

Is HCFX Legit?

HCFX was a Financial Service Corporation regulated by the Financial Service Providers Register (FSPR) in New Zealand with a license number of 646029. But the license is revoked now.

Besides, HCFX once had a Common Financial Service License regulated by the National Futures Association (NFA) in the United States with a license number of 0508498. But it is unauthorized.

Regulatory Status Revoked
Regulated by The Financial Service Providers Register (FSPR)
Licensed Institution HC HOLDINGS GROUP LIMITED
Licensed TypeFinancial Service Corporate
Licensed Number646029
Regulatory Status Unauthorized
Regulated by National Futures Association (NFA)
Licensed Institution H C INFOMATION TECHNOLOGY CO LIMITED
Licensed TypeCommon Financial Service License
Licensed Number0508498
Is HCFX Legit?
Is HCFX Legit?

What Can I Trade on HCFX?

HCFX offers many trading instruments across different asset classes, including forex, metals, crypto, indices, commodities, shares, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
Commodities✔
Metals✔
Indices✔
Cryptocurrency✔
Shares✔
Stock❌

Account Type

HCFX offers both Standard accounts, which require a minimum deposit of $20, and free demo accounts for traders.

HCFX Fees

HCFX provides spreads starting from 1.5 pips. The company does not charge any commissions for trading pairs, metals, indices, commodities, and stocks. But the commission rate for cryptocurrencies is 0.8% per lot.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MetaTrader 5✔PC and MobileInvestors of all experience levels

Deposit and Withdrawal

HCFX requires a minimum deposit of $20 for Standard accounts.

User Reviews

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User comment

3

Comments

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FX1050390472
more than one year
Un día, de repente recibí un anuncio de este broker en instagram. Por curiosidad, eché un vistazo y encontré las condiciones comerciales muy atractivas. Luego, solo para estar seguro, vine a wikifx para buscar esta empresa y vi que su estado regulatorio es terrible. Realmente aprecio wikifx por ayudarme a elegir un broker.
Un día, de repente recibí un anuncio de este broker en instagram. Por curiosidad, eché un vistazo y encontré las condiciones comerciales muy atractivas. Luego, solo para estar seguro, vine a wikifx para buscar esta empresa y vi que su estado regulatorio es terrible. Realmente aprecio wikifx por ayudarme a elegir un broker.
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2022-11-27 11:08
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FX1043133969
more than one year
It must be another forex trading scam. When they have made enough money from we traders, they shut down their site and disappear without a trace.
It must be another forex trading scam. When they have made enough money from we traders, they shut down their site and disappear without a trace.
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2022-11-24 16:48
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