Score

1.56 /10
Danger

huitong

United Kingdom

5-10 years

Suspicious Regulatory License

Fake MT4

Regional Brokers

Suspicious Overrun

High potential risk

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Comparison

Quantity 10

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.38

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

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

汇通国际金融集团

Company Abbreviation

huitong

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! 5
Previous Detection : 2024-09-21
  • 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 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    huitong · Company summary

    Note: huitong's official website: http://www.fxhtworld.com/ is currently inaccessible normally.

    huitong Information

    Founded in 2023, huitong is a brokerage company with a suspicious clone license registered in the United Kingdom. The company offers the MetaTrader 4 (MT4) platform.

    huitong

    Is huitong Legit?

    FCA
    Financial Conduct Authority (FCA)
    Current StatusSuspicious Clone
    Regulated by United Kingdom
    License TypeInvestment Advisory License
    License No.149028
    Licensed InstitutionMonument Securities Limited

    huitong claims regulation by the Financial Conduct Authority (FCA) in the United Kingdom. However, huitong's current status is “Suspicious Clone”. This means their license may be fake. We advise traders to look for a regulated one.

    Downsides of huitong

    • Unavailable Website

    huitong's official website is currently inaccessible. We can not get first-hand information from its website.

    • Lack of Transparency

    There is a notable lack of information about huitong available online. Its legality and safety are debatable.

    • Regulatory Concerns

    huitong currently only holds a suspicious clone license. Its safety and legitimacy are doubtful.

    • Withdrawal Difficulty

    According to a report on WikiFX, many users encountered significant difficulties with fund withdrawals.

    Negative huitong Reviews on WikiFX

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

    Traders are encouraged to 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 huitong Reviews on WikiFX

    As of now, there are 10 pieces of huitong exposure in total. I will introduce 2 of them.

    Exposure 1. Cannot withdraw

    ClassificationUnable to Withdraw
    Date2020-03-11
    Post CountryHong Kong China

    The user said that the company's customer service kept holding off. You may visit: https://www.wikifx.com/en/comments/detail/202003114552169985.html

    Exposure 2. Cannot withdraw

    ClassificationUnable to Withdraw
    Date2021-09-17
    Post CountryMalaysia

    The user said that he communicated with the staff about the transaction process and made some profits. But they rejected his withdrawal due to illegal trading. You may visit: https://www.wikifx.com/en/comments/detail/202109177892221236.html

    Conclusion

    Trading huitong can put your security at danger. Their licensing as a “suspicious clone” under the National Futures Association (NFA) creates doubts about their regulatory current. To ensure the safety of your money, we encourage traders to use regulated brokers with open business practices.

    User Reviews

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    User comment

    2

    Comments

    Write a review

    摩羯座
    more than one year
    完全就是一個騙子,我看到他們已經騙了好多人,說是註冊在英國但是wikifx的工作人員去看了,根本沒有辦公室!希望這些騙子早日被繩之以法。
    完全就是一個騙子,我看到他們已經騙了好多人,說是註冊在英國但是wikifx的工作人員去看了,根本沒有辦公室!希望這些騙子早日被繩之以法。
    Translate to English
    2022-12-20 11:48
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