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HFGFX -

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/10

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

HFGFX

Item: HFGFX
Rating: 3.83

United Kingdom|5-10 years|

http://www.hfgfx.com

Website

Open Account Time Machine

Rating Index

MT4/5 Identification

Full License

Server Name

Honorfalcon-Demo MT4

Server Location

Hong Kong

Contact

4000920177

support@hfgfx.com

http://www.hfgfx.com

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

Licenses

FCA Revoked

United Kingdom AR

FSC Exceeded

Belize Common fin.

VPS Standard

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

Single Core

40G

Open Now

Contact number

English

4000920177

Chinese (Simplified)

4000177336

Other ways of contact

Broker Information

Company Name

HonorFalcon Global Limited

Company 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 : 2024-07-06

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

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

HFGFX · WikiFX Survey

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

Meta Trader 4

Full LicensePerfect

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Exposure

61 pieces of exposure in total

Pyramid scheme complaint

Expose

Resolved

Illegal trading in HFGFX

The platform only allows losses, which is so mean.

2020-03-24 23:49

Others

Dead market

Why the market was dead in my account, which hadn’t occurred in other platforms? It is restrained?

2020-04-02 14:19

Resolved

Unable to withdraw

The illegal platform only allows losses and gives no s to withdrawal. The customer service is out of contact.

2020-03-25 09:28

Unable to Withdraw

It is simply a gang of fraud. I deposited 20 thousand dollars and profited 70 thousand. When it came to withdrawal, both the sales manager Chen and Zhang Jinyu were out of contact. No service dealt with my email. Actually, there is no such person named in TongHai company. Take heed on it.

2020-07-29 19:05

Others

Slippage with HFGFX

The slippage in HFGFX was up to 1000 pips, causing forced liquidation.

2020-04-03 16:56

Others

HFGFX has withdrawn from Chinese market

The system began to get stuck these 2 days. I didn’t know that HFGFX would withdraw from Chinese market.

2020-04-03 10:54

Resolved

Garbage

As long as I made profits, the platform would claim that I violated the rules. Thus, the withdrawal is unavailable.

2020-03-25 20:45

Unable to Withdraw

Unable to withdraw

Unable to withdraw. The photos of the business manager Mr. Chen and the trader Zhang are attached below. They didn’t answer any messages and calls when they appeared online on WhatsApp. It was my first investment from which I was scammed USD 20,000. I lost all my capital. I hope other investors can take the warning.

2020-07-11 15:28

Others

When making profits, I couldn’t close position due to a stuck system, causing losses.

2020-04-12 10:57

Unable to Withdraw

Unable to withdraw profits in scam platform

I deposited 2000 and profited 3284, while the customer service rejected my withdrawal request in bad manner.

2020-03-20 18:33

Others

Rule-breaking operations

The promotion is not genuine. The platform prohibited clients from closing position quickly and locked clients’ accounts inexplicably, paltering with the problem of system stuck.

2020-03-25 17:30

Unable to Withdraw

Unable to withdraw in HFGFX

I contacted with HFGFX in last June through FX 110. The customer service asked me to add WeChat and lobbied me to open account. As it was ranked first on FX 110, I deposited fund into 2 accounts, while the trading became unavailable on 10:00 AM. After inquiring the customer service, I was informed that I had violated the rule. Now $9845.62 balance is unavailable. Hope you punish this scam platform severely! Thank you!

2020-03-20 09:57

Resolved

Illegal trading

As long as I made profits, the platform would claim that I had violated the trading rule.

2020-03-25 01:35

Others

After causing forced liquidation, the broker withdrew form the market.

After causing forced liquidation, the broker withdrew form the market. The customer service gave no response.

2020-04-03 12:06

Unable to Withdraw

Unable to withdraw

Take heed on this 2 frauds. They induced me to deposit 20 thousand yuan. After I profited 70 thousand and wanted to make a withdrawal, they disappeared. The saleswoman names Zhang Jinyu. The are both online on WhatsAPP, but gave no reply to withdrawal process. I caution you against it.

2020-07-13 16:40

Others

Risk on HFGFX

I have been trading in HFGFX . But there is a stuck system since this year. In recent one month, HFGFX has suspended the trading on XAU/USD with the reason of lowering the risk. I know it was an abracadabra since the price difference is $2, sometimes only $1. For example, at 22:20 on April 2nd, the price difference was higher than $2.3, then it suddenly soared after 22:26, making the gap into $1. Then the trading was banned.

2020-04-03 10:58

User Reviews

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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.

2023-12-20 21:30

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.

2023-03-03 11:06

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