Company Profile
Company Profile
Review summary
Note:HFGFX's official website:http://www.hfgfx.com is currently inaccessible normally.
| Aspect | Information |
| Company Name | HFGFX |
| Registered Country/Area | United Kingdom |
| Founded Year | 2018 |
| Regulation | FSC(Exceeded),FCA(Revoked) |
| Trading Platform | MT4/5 |
| Customer Support | Phone: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.
Is HFGFX Legit or a Scam？
 | Financial Services Commission(FSC) |
| Current Status | Exceeded |
| Regulated by | FSC |
| License Type | No Sharing |
| License No. | IFSC/60/528/BCA/19 |
| Licensed Institution | KATO PRIME BELIZE LIMITED |
 | Financial Conduct Authority(FCA) |
| Current Status | Revoked |
| Regulated by | FCA |
| License Type | Appointed Representative(AR) |
| License No. | 807949 |
| Licensed Institution | Honorfalcon(UK)Global Ltd |
Downsides of HFGFX
| Cons |
| Limited information on the webstie |
| Lack of transparency |
| Regulatory concerns |
| Unable to withdrawal |
- 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.
- Lack of clarity: Important elements like firm policies and cost structures clearly lack clarity, therefore eroding trust.
- Exceeded regulation:Though the FSC (Exceeded) controls this, there are questions over the dependability and efficacy of this regulatory control.
- 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
| Classification | Unable to Withdraw |
| Date | July 9, 2020 |
| Post Country | Singapore |
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
| Classification | Dead Market |
| Date | April 2nd, 2020 |
| Post Country | Hong 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.
池鱼6225
Hong Kong
HFGFX made fake market price, which hadn’t be reached in other platforms.Pic 1 is the statement. Pic 2 is the market in HFGFX and Pic 3 is the comparison in other platforms.
Exposure
FX8939757222
Hong Kong
On December 3, I traded XAU/USD in HFGFX . I couldn’t unlock the position on 4th.There was 4700 RMB in my account, with net value 1200 or so. But the balance became 0 on the 5th morning. The clients manager shirked it on the market fluctuation. Hum, how interesting. How could be the spread expanded for over 20 times. Making complaints yo WikiFX, I want to safeguard my rights. It couldn’t, I will call the police.
Exposure
小布
Hong Kong
The suspected scam platform threatened me to make a withdrawal. The withdrawal process was done in 10 minutes.
Exposure
徽郎
Singapore
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.
Exposure
徽郎
Singapore
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.
Exposure
徽郎
Singapore
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.
Exposure
快乐人生7391
Hong Kong
When making profits, I couldn’t close position due to a stuck system, causing losses.
Exposure
蒙启天秀
Hong Kong
The slippage in HFGFX was up to 1000 pips, causing forced liquidation.
Exposure
FX2292882182
Hong Kong
After causing forced liquidation, the broker withdrew form the market. The customer service gave no response.
Exposure
子不语10986
Hong Kong
The system began to get stuck these 2 days. I didn’t know that HFGFX would withdraw from Chinese market.
Exposure
往事清零
Hong Kong
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.
Exposure
诱饵元 园长
Hong Kong
Why the market was dead in my account, which hadn’t occurred in other platforms? It is restrained?
Exposure
包~~
Hong Kong
As long as I made profits, the platform would claim that I violated the rules. Thus, the withdrawal is unavailable.
Exposure
FX2859122719
Hong Kong
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.
Exposure
包~~
Hong Kong
The illegal platform only allows losses and gives no s to withdrawal. The customer service is out of contact.
Exposure
包~~
Hong Kong
As long as I made profits, the platform would claim that I had violated the trading rule.
Exposure
包~~
Hong Kong
The platform only allows losses, which is so mean.
Exposure
爱的时光
Hong Kong
I deposited 2000 and profited 3284, while the customer service rejected my withdrawal request in bad manner.
Exposure
笑对人生6391
Hong Kong
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!
Exposure
FX2194019235
Hong Kong
Now that the platform is under 2 regulation, why it doesn’t allow scalping trading? It is unreasonable.
Exposure
阿凡达
Hong Kong
The customer service didn’t reply to me. Having drawn a blood lesson on it, I reported to FCA. It must have absconded. Now the market is collapsed.
Exposure
...72321
Hong Kong
On March 13rd, the platform locked my position, making my profit lap form 5000 to 15000. But it gives no access to withdrawal now and even withholds my all profits. It is simply a scam platform.
Exposure
❦
Hong Kong
The platform closed clients’ position and deleted the record, giving no access to withdrawal.
Exposure