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

HFGFX

United Kingdom|5-10 years|
Common Financial Service License|Suspicious Scope of Business|United Kingdom Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|Offshore Regulated|

http://www.hfgfx.com

Website

Rating Index

Contact

4000920177
support@hfgfx.com
http://www.hfgfx.com
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

Single Core

1G

40G

Open Now

Contact number

English

4000920177

Chinese (Simplified)

4000177336

Other ways of contact

Broker Information

More

Company Name

HonorFalcon Global Limited

Abbreviation

HFGFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-27
  • 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!
  • This broker exceeds the business scope regulated by Belize FSC(license number: IFSC/60/528/BCA/19)International Financial Services Commission-UNFX Non-Forex License. Please be aware of the risk!
  • The Belize FSC regulation with license number: IFSC/60/528/BCA/19 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

HFGFX · WikiFX Survey

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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.

Review 61

61 Comments
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