WikiFX

Sagot

In my experience as a trader, regulation is one of the core factors I rely on when assessing whether a broker can be trusted with my funds. With HGNH, I paid particular attention to their regulatory history. While they were once authorized and regulated by the Securities and Futures Commission (SFC) of Hong Kong for their futures contracts—under a specific license number—it's clear from the current information that their leveraged forex trading license has been revoked. Additionally, several other licenses related to securities appear to have been “exceeded,” and licenses from other major jurisdictions (like the FCA in the UK or NFA in the US) are listed as unverified. From my point of view, regulatory revocations and unverified status raise significant concerns. Effective regulation—especially from respected authorities like the SFC—generally means client funds are subject to strict segregation, transparent disclosures, and structured dispute resolution. When elements of that oversight are revoked or exceeded, the direct protections I look for as a trader are logically weakened or absent. Moreover, reading credible user accounts describing difficulties and restrictions in withdrawing funds makes me particularly cautious. For me, the combination of these regulatory lapses and withdrawal complaints points to a heightened risk profile. Even if a broker has operated for many years, regulatory standing is only valuable if it is current, unrevoked, and actively enforced. Without such active and comprehensive oversight, I would personally hesitate to trust my capital to HGNH, regardless of past credentials. This underscores the need for continued vigilance and prioritizing brokers with verifiable, active regulation for the ongoing protection of funds.