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Score
United Kingdom
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
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Comparison
Quantity 6
Exposure
Score
Regulatory Index0.00
Business Index7.24
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
Hmarl(UK) Global Holdings Limited
Company Abbreviation
Hmarl
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
The fraud broker gave no access to the withdrawal, asking me to pay the individual tax, and its staff even blackmailed me.
I couldn’t log in the mt5 today, so I logged in the website, only to find the 66 dollars which transferred from the mt5 to the platform were gone. The customer service personnel did not reply me. It is fortunate that I only deposited in 20 dollars. I have to thought the problem as a lesson.
An individual tax, verification fee, overseas tax and margin were asked for before a withdrawal. The withdrawal was unavailable. It is simply a scam.
The platform didn’t give no access to withdrawal and even asked for individual tax! The so-called flexible deposit and withdrawal is nonsense.
The cash withdrawal did not arrive after transaction, account is locked, and it can only be unlocked by calling for a 30% security deposit.
So if you go long in London Gold, you place the order at the price of 1900yuan/ounce, but the bid price will rise to 1905yuan/ounce. Sometimes the spread skyrockets and my worst experience was 500 pips, which is 10 to 20 times the spread of a normal platform. The platform disconnects at the very moment of your closing out, and when you log in the market has already fluctuated! They play the trick of "deposit $200 to get $300" but you must trade 20 lots in order to withdraw(the lowest spread is 70-80 pips at usual). That is to say, you should first surrender $1400-$1600 to the scam platform for commission. This trick is really deceptive.
Note: Hmarl's official website: https://www.hmcfds.com/simplified/ is currently inaccessible normally.
Hmarl is an unregulated brokerage company registered in the United Kingdom. The broker's official website has been closed, so traders cannot obtain more security information.
Hmarl is authorized and regulated by the Financial Conduct Authority(FCA) and Australia Securities & Investment Commission(ASIC), while Suspicious Clone status will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with Hmarl.
After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.
Hmarl's official website is currently inaccessible, raising concerns about its reliability and accessibility.
Since Hmarl does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.
The FCA and ASIC regulate Hmarl. However, the Suspicious Clone status is less safe than a regulated one.
According to a report on WikiFX, users encountered significant difficulties with fund withdrawals and scams. The issues remained unresolved despite the request being pending for a long time.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders must 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.
As of now, there were 6 pieces of Hmarl exposure.
Exposure. Cannot withdraw & scams
Classification | Unable to Withdraw & Scams |
Date | 2019-2023 |
Post Country | Hong Kong, China |
The users said that they had problems with withdrawals and suspicion of brokerage scams, and it was still pending after a long time. You may visit: https://www.wikifx.com/en/comments/detail/202307044512966879.html https://www.wikifx.com/en/comments/detail/202006224702139730.html.
Hmarl Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Suspicious Clone status and unregistered domain name indicate that this brokers trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.
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