WikiFX

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As someone who has navigated the forex industry for many years, I always prioritize regulatory clarity and operational transparency before risking any funds. With HCFX, I noticed they were previously regulated by the UK Financial Conduct Authority (FCA) with both a Payment License and an Investment Advisory License issued in 2018. However, it's clear these licenses are now marked as “Exceeded,” which means their regulatory status is no longer current. For me, active regulation is critical—it ensures oversight, dispute resolution mechanisms, and some degree of client fund safety. When licenses lapse or are exceeded, those protections are essentially gone. While HCFX appears to offer specialized services for institutions—such as FX hedging and treasury management—the absence of valid, ongoing regulatory supervision immediately raises my risk threshold. I also found their user feedback sparse, and the one review I came across was neutral, with concerns about missing or questionable regulatory qualifications. Combine this with the site labeling HCFX as "medium potential risk" and listing a "suspicious scope of business," and I can't help but be cautious. Ultimately, regulation and trust go hand in hand for me, especially with significant sums. If HCFX reestablishes official regulatory standing, I would reconsider. Until then, given the risks and lack of clear, active oversight, I would not personally feel comfortable using HCFX for my trading or treasury activities.