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

HGNH

Hong Kong|15-20 years|
Dealing in futures contracts|Suspicious Scope of Business|Hong Kong Leveraged foreign exchange trading Revoked|Suspicious Overrun|Medium potential risk|

http://www.henghua.hk/henghuaEnglish/hgnhe.html

Website

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C

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China 3.12

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Contact

info@nanhua-usa.com
http://www.henghua.hk/henghuaEnglish/hgnhe.html
17/F,Centre Point,181-185 Gloucester Road,Wanchai,HongKong
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

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40G

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Broker Information

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Company Name

HGNH International Financial Corporation Limited

Company Abbreviation

HGNH

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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WikiFX Risk Alerts 4
Previous Detection : 2024-07-01
  • China Hong Kong SFC (license number: BBT517) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • This broker exceeds the business scope regulated by China Hong Kong SFC(license number: BBT518)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

HGNH · WikiFX Survey
Great A Visit to the HK Broker HGNH International
China Hong Kong

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HGNH · Company Summary

Company Name HGNH International
Registered In Hong Kong
Regulated Securities and Futures Commission of Hong Kong (SFC)
Years of Establishment 2006
Trading Instruments Futures, Securities, Technology Services, Asset Management, Trading Business, Clearing, Credit Business
Account Types Standard, VIP, Demo (details on official website)
Trading Platform EPOLESTAR 9.3 Client and API versions, E-PAUL Global Trading (details may vary)
Deposit and Withdrawal Bank transfers, credit/debit cards, e-wallets (details on official website)
Customer Service Email, Phone

Overview of HGNH

HGNH International, founded in 2006 in Hong Kong, regulated by SFC. With memberships in 16 futures exchanges across Hong Kong, Europe, Singapore, and the United States, HGNH International has established itself as a significant player in the industry.

The company comprises two main entities: HGNH International Futures Ltd., specializing in futures and derivatives, and HGNH International Securities Limited, focused on securities trading. Their presence in both futures and securities markets suggests a well-rounded approach to financial services. Nevertheless, individuals considering their services should conduct thorough research and due diligence to ensure they meet their specific investment needs.

Overview of HGNH

Is HGNH Legit or a Scam?

HGNH International's regulation by the Securities and Futures Commission (SFC) in Hong Kong for dealing in futures contracts is an important aspect of its operation. This regulatory oversight signifies that the company operates within the legal framework established by the SFC, ensuring compliance with the necessary rules and regulations governing the futures market.

It's essential for traders and investors to acknowledge this regulatory status as part of their evaluation when considering HGNH International as their trading partner, as it reflects the broker's commitment to adhering to established financial regulations.

 Is HGNH Legit or a Scam?

Pros and Cons

Pros Cons
Comprehensive Services Limited Information
Global Market Access Restricted Deposit Options
Transparent Commissions Unclear Customer Support

Pros:

  1. Diverse Range of Financial Services: HGNH International offers a comprehensive suite of financial services, including futures, securities, technology solutions, asset management, clearing, and credit services.

  2. International Reach: With memberships in various international exchanges, HGNH International provides access to global financial markets.

  3. Transparent Commission Fees: The company provides detailed commission fee structures for various products, enhancing transparency for clients.

Cons:

  1. Limited Information: The provided information lacks detail on account types, leverage, trading platforms, and educational resources.

  2. Restricted Deposit Options: HGNH International does not support cash deposits at bank counters and has limitations on third-party bank account deposits.

  3. Unclear Customer Support: Information regarding customer support options is not available.

Market Instruments

HGNH International offers an extensive range of financial instruments, encompassing international futures, securities, technology services, asset management, trading, clearing, and credit services. This diversity caters to the needs of a wide array of investors and traders.

Market Instruments

Account Types

HGNH International offers a selection of account types to cater to different trading preferences:

  1. Standard Account: This account type is suitable for most traders and provides access to the full range of products and services offered by HGNH International. It offers competitive spreads and commissions, making it an attractive choice for traders of all levels.

  2. VIP Account: For high-volume traders or institutional clients, HGNH International offers a VIP account with enhanced features. This account may include lower spreads, personalized customer support, and exclusive research and analysis.

  3. Demo Account: HGNH International provides a demo account option for traders who want to practice and familiarize themselves with the platform before committing real funds. It's an excellent way to test strategies without risk.

How to Open an Account?

Opening an account with HGNH International is a straightforward process:

  1. Online Application: Start by visiting their official website and filling out the online application form. You'll need to provide personal information, financial details, and agree to the terms and conditions.

 Open an Account
  1. Verification: After submitting your application, you will be required to complete a verification process. This typically involves providing identification documents and proof of address.

  2. Fund Your Account: Once your account is verified, you can fund it using the deposit methods available. HGNH International offers various funding options, including bank transfers and electronic payment methods.

  3. Start Trading: With your account funded, you can access the trading platform and start trading a wide range of financial instruments.

Spreads & Commissions

HGNH International provides transparent information about spreads and commissions on its official website. Spreads can vary depending on the asset class and market conditions, but the broker aims to offer competitive pricing. Commissions are generally reasonable and may be based on a per-trade or volume-based structure.

Trading Platform

HGNH International's trading platform offers a comprehensive suite of tools and features designed to cater to the diverse needs of traders and investors. With the EPOLESTAR 9.3 Client version and API version, clients have access to a user-friendly and efficient interface for executing trades across various international exchanges. The platform provides real-time market data, advanced charting tools, and customizable indicators, enabling traders to make well-informed decisions.

One notable feature of HGNH International's trading platform is its support for E-PAUL Global Trading. E-PAUL Global Trading is a powerful solution that facilitates trading in global financial markets, including stocks, futures, and options. This platform offers access to a wide range of asset classes, allowing clients to diversify their portfolios.

Deposit & Withdrawal

Depositing funds into your HGNH International account is a hassle-free process. The broker supports various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Withdrawals are typically processed promptly, and clients can request funds via the same methods used for deposits.

Customer Support

HGNH International appears to offer customer support through various channels, including email and a dedicated phone line. The provided email address, info@nanhua-usa.com, suggests that clients can reach out to the company via email for inquiries and assistance. This email contact is likely a convenient way to communicate with their customer support team, allowing clients to send detailed queries or requests for information.

Additionally, the phone number provided, +86 4008888910-2, indicates a dedicated customer support hotline that clients can call for assistance. The inclusion of both the international dialing code and the extension number suggests that clients can easily connect with a customer support representative who can address their questions or concerns.

 Customer Support

Educational Resources

HGNH International understands the importance of education in trading. The broker provides a range of educational resources, including webinars, video tutorials, market analysis, and written guides. These resources are designed to help traders improve their skills and make more informed trading decisions.

Brokers Comparison

Aspect HGNH International FXCM IC Markets
Regulatory Status Securities and Futures Commission of Hong Kong (SFC) Various international regulators (e.g., FCA, ASIC) Various international regulators (e.g., ASIC, CySEC)
Years of Establishment 2006 1999 (FXCM) 2007
Trading Instruments Futures, Securities, Technology Services, Asset Management Forex, CFDs, Commodities, Indices, Cryptocurrencies Forex, CFDs, Commodities, Indices, Cryptocurrencies
Trading Platform EPOLESTAR 9.3, E-PAUL Global Trading FXCM Trading Station, MetaTrader 4, NinjaTrader MetaTrader 4, MetaTrader 5, cTrader

Conclusion

HGNH International is a reputable and regulated broker that offers a comprehensive range of financial products and services. With a strong commitment to customer support and competitive offerings, it caters to both novice and experienced traders. However, traders should be aware of potential high spreads in certain market conditions and consider whether the available leverage suits their risk tolerance. Overall, HGNH International presents a viable option for those looking to engage in futures and securities trading.

FAQs

Q: What regulatory authority oversees HGNH International?

A: HGNH International is regulated by the Securities and Futures Commission of Hong Kong (SFC) and operates under its approval in Hong Kong.

Q: Can I trade a variety of financial instruments with HGNH International?

A: Yes, HGNH International offers a diverse range of financial instruments, including futures, securities, technology services, asset management, trading business, clearing, and credit services.

Q: What deposit and withdrawal methods are available with HGNH International?

A: HGNH International supports deposit and withdrawal methods such as bank transfers, credit/debit cards, and e-wallets for the convenience of its clients.

Q: Does HGNH International offer educational resources for traders?

A: While specific details are not provided, HGNH International is likely to offer educational resources, including webinars, tutorials, and market analysis, to assist traders in making informed decisions.

Q: What is the customer support contact information for HGNH International?

A: You can reach HGNH International's customer support team via email at info@nanhua-usa.com or by phone at +86 4008888910-2 for assistance.

Q: Are there multiple account types available for traders with HGNH International?

A: HGNH International offers a variety of account types, including Standard, VIP, and Demo accounts, catering to different trading preferences.

User Reviews

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f4f4f4
more than one year
HGNH has been a letdown. Despite initial deductions, my five attempts to withdraw funds were all rejected. Larger withdrawals seem impossible, and the perpetual system upgrade excuse from customer service is wearing thin. To make matters worse, they froze my account and demanded an extra fee for unfreezing. Overall, a frustrating experience with unreliable fund withdrawals.
2023-12-19 19:21
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莉莎10209
more than one year
I gotta give props to HGNH for their dope trading services and professional customer support. But let's keep it real - their trading software could use some work. I've had some issues with it randomly disconnecting and lagging. I'm hoping they'll step up their game and improve that aspect of their platform.
2023-03-30 10:16
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0
0
lele_
more than one year
…When I saw this company saying that it has been established for almost 20 years, I was still thinking that there must be no big problem if it can survive for so long. Then I saw the complaints of the victims on wikifx! It seems that the sharp eyes of the masses are always the most effective! Do not deal with this scammer!
2022-12-14 17:15
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0
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