Score

3.39 /10
Danger

HFGFX

United Kingdom

5-10 years

Regulated in Belize

Common Financial Service License

Suspicious Scope of Business

United Kingdom Appointed Representative(AR) Revoked

Suspicious Overrun

High potential risk

Offshore Regulated

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Comparison

Quantity 61

Exposure

Open Account
Website

Score

Regulatory Index3.05

Business Index7.45

Risk Management Index0.00

Software Index4.00

License Index3.05

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

open now

Broker Information

More

Company Name

HonorFalcon Global Limited

Company Abbreviation

HFGFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-25
  • The number of the complaints received by WikiFX have reached 54 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 807949) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
    HFGFX · Company summary

    Note:HFGFX's official website:http://www.hfgfx.com is currently inaccessible normally.

    AspectInformation
    Company NameHFGFX
    Registered Country/AreaUnited Kingdom
    Founded Year2018
    RegulationFSC(Exceeded),FCA(Revoked)
    Trading PlatformMT4/5
    Customer SupportPhone:4000920177,4000177336(Chinese)

    HFGFX Information

    Established in 2018 and with headquarters in the United Kingdom, HFGFX runs under FSC control (Exceeded.). The business provides a complete license for the trading systems MT4/5. For customer service, they offer Chinese-speaking clients phone assistance using the numbers 4000177336 and 40009 20177.

    HFGFX Information

    Is HFGFX Legit or a Scam?

    FSC
    Financial Services Commission(FSC)
    Current StatusExceeded
    Regulated byFSC
    License TypeNo Sharing
    License No.IFSC/60/528/BCA/19
    Licensed InstitutionKATO PRIME BELIZE LIMITED
    FCA
    Financial Conduct Authority(FCA)
    Current StatusRevoked
    Regulated byFCA
    License TypeAppointed Representative(AR)
    License No.807949
    Licensed InstitutionHonorfalcon(UK)Global Ltd

    Downsides of HFGFX

    Cons
    Limited information on the webstie
    Lack of transparency
    Regulatory concerns
    Unable to withdrawal
    1. Limited Information: HFGFX presents limited details on its operations, services, and trading conditions, which makes it difficult for potential clients to have a complete awareness of the company.
    2. Lack of clarity: Important elements like firm policies and cost structures clearly lack clarity, therefore eroding trust.
    3. Exceeded regulation:Though the FSC (Exceeded) controls this, there are questions over the dependability and efficacy of this regulatory control.
    4. Unable to Withdraw: Clients have complained about problems withdrawing their money, which calls serious questions regarding the dependability of the business and financial policies.

    Negative HFGFX Reviews on WikiFX

    On WikiFX, “Exposure” is listed as user-generated word of mouth.

    Traders encouraged to review content and assess risks before dealing on prohibited platforms. Regarding connected details, kindly consult our platform. Report dishonest brokers in our Exposure section; our team will strive to resolve any issues you come across.

    There were 63 overall pieces of HFGFX exposure as of right now. I'll mention two of them.

    Exposure.1 Unable to withdraw

    ClassificationUnable to Withdraw
    DateJuly 9, 2020
    Post CountrySingapore

    The client claimed that HFGFX is a fake business, pointing out that they couldn withdraw their $20,000 deposit and that no one answered their emails following a profit of $70,000.You may visit:

    https://www.wikifx.com/en/comments/detail/202007294212667287.html

    Exposure.2 Dead Market

    ClassificationDead Market
    DateApril 2nd, 2020
    Post CountryHong Kong,China

    While other accounts traded without issue, the client claimed their account displayed no market movement, a shortcoming particular to this platform.You may visit:

    https://www.wikifx.com/en/comments/detail/202004021472312352.html

    Conclusion

    Selling using HFGFX appears dangerous. Clients have complained about things including lack of openness, account limits, and withdrawal difficulties. To guarantee a safe trading experience, one should pick well-regulated brokers who offer open, honest information.

    User Reviews

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    User comment

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    Comments

    Write a review

    bgcgcvgh
    more than one year
    Lately, I've noticed significant lags on HFGFX's trading platform. Just found out they're exiting the domestic market today. Disappointing experience; hoping for improved performance until their exit.
    Lately, I've noticed significant lags on HFGFX's trading platform. Just found out they're exiting the domestic market today. Disappointing experience; hoping for improved performance until their exit.
    Translate to English
    2023-12-20 21:30
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    大风歌19239
    more than one year
    This broker is the worst broker in the whole world, very dubious and manipulative. I want to close my account but there is no email reply on all pending cases i have once opened.
    This broker is the worst broker in the whole world, very dubious and manipulative. I want to close my account but there is no email reply on all pending cases i have once opened.
    Translate to English
    2023-03-03 11:06
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