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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Hmarl

United Kingdom United Kingdom | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | Suspicious Overrun | High potential risk

https://www.hmcfds.com/simplified/

Website

Rating Index

Contact

85264322383
https://www.hmcfds.com/simplified/
The WikiFX Score of this broker is reduced because of too many complaints!
Warning: Low score, please stay away!
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
5

Basic Information

Registered Region
United Kingdom United Kingdom
Operating Period
5-10 years
Company Name
Hmarl(UK) Global Holdings Limited
Contact Number
85264322383
倒霉蛋

倒霉蛋

Unverified

Hong Kong

The cash withdrawal did not arrive after transaction, account is locked, and it can only be unlocked by calling for a 30% security deposit.

Exposure

FX7565268352

FX7565268352

Unverified

Hong Kong

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.

Exposure

FX4101867522

FX4101867522

Unverified

Hong Kong

An individual tax, verification fee, overseas tax and margin were asked for before a withdrawal. The withdrawal was unavailable. It is simply a scam.

Exposure

drs

drs

Unverified

Hong Kong

The platform didn’t give no access to withdrawal and even asked for individual tax! The so-called flexible deposit and withdrawal is nonsense.

Exposure

drs

drs

Unverified

Hong Kong

The fraud broker gave no access to the withdrawal, asking me to pay the individual tax, and its staff even blackmailed me.

Exposure

FX5629163734

FX5629163734

Unverified

Hong Kong

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.

Exposure

6
Website
Company Summary
Comment

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Official website

Website

  • hmcfds.com
    103.252.114.61
    Server Location
    Singapore Singapore
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    2018-08-10
    Website
    WHOIS.WEST263.COM
    Company
    CHENGDU WEST DIMENSION DIGITAL TECHNOLOGY CO., LTD.

Company Summary

Note: Hmarl's official website: https://www.hmcfds.com/simplified/ is currently inaccessible normally.

Hmarl Information

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.

Is Hmarl Legit?

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.

Is Hmarl Legit?
Is Hmarl Legit?
Is Hmarl Legit?

Downsides of Hmarl

  • Unavailable Website

Hmarl's official website is currently inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since Hmarl does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

The FCA and ASIC regulate Hmarl. However, the Suspicious Clone status is less safe than a regulated one.

  • Withdrawal Difficulty and Scams

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.

Negative Hmarl Reviews on WikiFX

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.

Negative Hmarl Reviews on WikiFX

As of now, there were 6 pieces of Hmarl exposure.

Exposure. Cannot withdraw & scams

ClassificationUnable to Withdraw & Scams
Date2019-2023
Post CountryHong 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.

Conclusion

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.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Suspicious Overrun
  • High potential risk

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