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HT-FX Group MT -

Score

1.29 /10
Danger

HT-FX Group MT

China

2-5 years

Suspicious Regulatory License

High potential risk

https://www.smccw.com/index.html

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Comparison

Quantity 5

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.33

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

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Company Name

HT-FX Group MT

Company Abbreviation

HT-FX Group MT

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Call the police! But can you still chase it back?

My funds have already been stolen and transferred! ! I just found out today! ! Called the police! But can you still chase it back? How long have you acted with me! ! The point is the MT_5 downloaded by mobile phone software has not been updated and funds have been withdrawn. It was not updated until today.

LUO7211
2023-07-01 13:15
Unable to Withdraw

No withdrawal money is given! ! Ask for money again! !

I managed to collect 128,888 US dollars in the gold order, and can finally withdraw funds. I didn't expect that HT-FX required membership to withdraw quickly! ! I wanted to wait slowly, but the row number became 7000 instead of the former 5000! ! I asked the customer service why it was getting longer and longer, who said that I have to pay $18,888 to withdraw quickly! How can I have money! ! I replied that they were delaying the withdrawal! ! Unexpectedly, the customer service did not let me ask any more questions! !

LUO7211
2023-06-22 14:56
Unable to Withdraw

If the standard is not met, the account will be frozen and cannot be withdrawn! When you ask when the account deadline is up, you get banned from customer service!

At first, a friend was chatting with me on Instagram. I didn't think much of it! I just got curious about investing and started playing small amounts of $10,000 and won $2,000. I successfully withdrew the money! Then, their ambition grew and they kept asking me to invest, but I refused because I didn't have the money. They then invested $40,000 and said I only needed to invest another $10,000 to make it $50,000 total and follow their plan, which would work. The reward would all be mine! I was greedy and I took the advice，I invested $10,000 and it worked! However, they said there were bonuses we could win, and I didn't ask many questions or understand the rules, so I followed along. Unfortunately, it required me to put in $60,000 before I could withdraw the money, and I was shocked! I told them and they suggested I borrow high interest loans, saying I could repay it in a week! They thought I was stupid! Although believing them would prove I was stupid, I would not be stupid enough to borrow high interest loans.

LUO7211
2023-06-07 14:13
Unable to Withdraw

Unable to withdraw

I met a netizen who felt very chatty on IG. At the beginning, he also said that he was investing in gold and asked me if I wanted to try it. I was not interested in it at first. After all, I had a record of being cheated before, but he kept advocating that I said It can be withdrawn directly, so I tried it once and I was able to withdraw it. Although I still had doubts, I couldn’t tell what was strange. Then I put 20 Taiwan dollars back and forth, and then asked me to ask the customer service. I made an appointment without asking if there was any activity to build a warehouse. It turned out that after the appointment, I had to deposit 88888USDT before I could withdraw it~ I was dumbfounded... I told him that I didn’t have that much money, but the other party said as long as I raise 50,000 US dollars, he would help me handle the rest, and even ask me to apply for a salary loan~ Am I stupid? ? Of course I didn't do that. I wondered in my heart if I had encountered a scam! ! Sure enough, liars are everywhere~ Here it's the website www.wyysm.com.

YUTING
2023-06-18 11:54
Scam

Many black platforms are a family: look for victims by social software, change the URL and name after being blocked, do not allow to withdraw. Please be cautious when making friends.

Based on my own experience, I think scammers rely on group members to attract people online. After gaining trust, they start to talk to you about investment step by step, and post you the latest website that has not been blocked and reported. However, after registration, your funds in the dealer’s account are at the hand of them. At the beginning, you will be let off guard for small withdrawals. After you deposit a large amount, you will be refused to withdraw funds for various reasons. The customer service will just disappear without response and transfer all funds out of your account without warning once they can't persuade you ! The official website of the black platform searched online cannot log in. They find the victim through the fraudster member network, and privately send a valid and unblocked URL to the victim. This netizen firstly sent me a website called HT-FX Group MT. It was blocked by the government later. The second link he sent to me is Yun Shang Hui Xin Limited, and I can log in with the same group of accounts. Obviously these two brokers are a family. Next, I posted the link in the line message today, and found that the names are different. After being reported, they will continue to change the name. Please do not deposit money on black platforms ! I think making friends online is ok, but you still need to pay more attention to details. If it is illogical, you should stop it immediately and check it out. Don’t impulsively touch areas you are not familiar with. Share my painful experience with everyone !

6820
2023-07-20 16:20
HT-FX Group MT · Company summary

Note: HT-FX Group MT's official site - https://www.smccw.com/ is currently is currently inaccessible normally.

HT-FX Group MT Review Summary
Founded2022
Registered Country/RegionChina
RegulationNo regulation
Market InstrumentsForex, Precious Metals, Crude Oil, Indices, Cryptocurrency
Demo Account/
SpreadFrom 1 pip
Leverage1:100 - 1:500
Minimum Deposit/
Trading PlatformOBV Trade MT5
Customer SupportTel: +447354484858
Email: support@obvforex.com
Line: @d8_qIdtRsw; Telegram: @ElementCS00

HT-FX Group MT Information

HT-FX Group MT is a Chinese-based brokerage firm established in 2022 and offers trading services in major and minor forex currency pairs, precious metals, crude oil, indices, and cryptocurrencies. The broker uses OBV Trade MT5 to execute trades and offers economic calendar as a tading tool to help traders plan their trading strategies. Though claimed to offer 3 tiered live accounts, account details and trading conditions of the broker is actually not publicly disclosed.

In addition, it is worth noting that the broker operates without any valid regulations so far, imparing its credibility and legitimacy. The inaccessible website further confuses the public about its current operational status.

What makes matters worse, there are 5 exposures on WikiFX regarding withdrawal issues, indicating that the broker might be a scam that freeze clients' accounts.

HT-FX Group MT's homepage

Is HT-FX Group MT Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

Downsides of HT-FX Group MT

Unavailable website: HT-FX Group MT's website cannot be opened currently.

Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.

Lack of transparency: The broker does not reveal info on trading conditions such as account details, initial deposits, leverage, commission, etc.

5 exposures about withdrawal issues on WikiFX: 5 reports about withdrawal difficulties on WikiFX indicate that the broker might freeze investors' funds.

What Can I Trade on HT-FX Group MT?

HT-FX Group MT provides access to a diverse array of financial instruments such as Forex, Indices, Commodities and Cryptos.

Forex (Foreign Exchange): Forex is the global marketplace for trading national currencies against one another, making it the largest financial market in the world. Popular pairs are EURUSD, CADUSD, GBPUSD, etc.

Indices: Traders have the option to trade indices such as the Hong Kong Hang Seng Index (HK50), German Index (GER30), and S&P 500 Index (US500), allowing them to gain exposure to the performance of specific markets or sectors.

Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, including physical assets like precious metals, as well as energy products like crude oil.

Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. Popular coins like Bitcoin, Ether and Ripple are available at HT-FX Group MT.

Always follow the rule of investment and scatter risks by putting money in different products instead of only one that you are optimistic about.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
Product range

Account Type/Spread

With HT-FX Group MT, clients can choose from three different account types, namely Comprehensive, Finance, and Financial STP. Spread floats from 1pip, but other account details and trading conditions such as minimum deposit requirement and commissions are not disclosed.

Account Type

Leverage

HT-FX Group MT offers leverage options ranging from 1:100 to 1:500 for its trading accounts.

Leverage is a fundamental aspect of forex and CFD trading that allows traders to control larger positions in the market with a smaller amount of capital. However, it amplifies losses at the same time with gains. Thus, you should always use leverage prudently and ensure related risks are within your tolerance.

Trading Platform

HT-FX Group MT offers its clients the OBV Trade MT5, an all-in-one CFD trading platform that provides a comprehensive trading experience. The platform is built on MetaTrader 5 (MT5), a powerful and popular trading software known for its advanced features and capabilities.

With OBV Trade MT5, traders have access to an exceeding 100 options of tradable assets. And the platform allows trading around the clock, enabling clients to seize opportunities in different markets and time zones, 24 hours a day, 7 days a week.

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Cooper Clark
more than one year
Their slippage problems cost me pips, big time. But what's even worse were the spreads - I've seen better in the aftermath of a spaghetti explosion. When you're in a tight spot, you expect support that's at least remotely responsive. Not with HT-FX Group MT. Their customer support made me feel like I was communicating via snail mail. Waiting days for a reply, only to get a vague response, added insult to injury.
Their slippage problems cost me pips, big time. But what's even worse were the spreads - I've seen better in the aftermath of a spaghetti explosion. When you're in a tight spot, you expect support that's at least remotely responsive. Not with HT-FX Group MT. Their customer support made me feel like I was communicating via snail mail. Waiting days for a reply, only to get a vague response, added insult to injury.
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2023-10-11 14:41
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