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HSFX

United Kingdom|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

http://www.hsfx365.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
ELM-Live MT4
Server Location United States

Contact

service@hsfx365.com
http://www.hsfx365.com/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Contact number

Broker Information

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Company Name

HS FX PRIME LTD

Company Abbreviation

HSFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-06-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

HSFX · WikiFX Survey

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HSFX · Company Summary

Aspect Information
Company Name HSFX
Registered Country/Area United Kingdom
Founded Year 2013
Regulation Unregulated
Minimum Deposit £1000
Products Forex,forex pair,commodities,asset management,daily investment advisory
Trading Platforms Meta Trader 4
Demo Account Available
Customer Support Email:service@hsfx365.com,QQ:14153324
Deposit & Withdrawal Bank transfer,credit/debit card,third-party payment

Overview of HSFX

HSFX, established in 2013 and based in the United Kingdom, is a trading company that operates without formal regulation.

The company requires a minimum deposit of £1000 and offers a diverse range of products, including Forex trading, Forex pairs, commodities, asset management services, and daily investment advisory.

HSFX exclusively utilizes the Meta Trader 4 (MT4) trading platform, and it provides a demo account for practice trading. Customer support is available through email at service@hsfx365.com and QQ at 14153324.

For financial transactions, HSFX accepts various methods, including bank transfers, credit/debit card payments, and third-party payment systems. However, clients should be aware of the unregulated status of the company and the associated risks when considering trading with HSFX.

Overview of HSFX

Is HSFX Legit or a Scam?

HSFX operates as an unregulated trading company, lacking oversight from any formal financial regulatory body.

This unregulated status means that the company may not adhere to the compliance and investor protection standards typically associated with regulated financial institutions, potentially exposing clients to increased risks and uncertainties in their trading activities.

Pros and Cons

Pros Cons
Diverse Product Offering Unregulated
Demo Account High Minimum Deposit
Meta Trader 4 Platform Limited Trading Platforms
Multiple Deposit Methods Risk of Poor Customer Support
Customer Support Absence of Regulatory Safeguards

Pros of HSFX:

  1. Diverse Product Offering: HSFX provides a wide range of trading options, including Forex, Forex pairs, commodities, asset management services, and daily investment advisory, catering to various trading preferences.

  2. Demo Account: Clients have access to a demo account, allowing them to practice trading strategies without risking real capital.

  3. Meta Trader 4 Platform: The use of Meta Trader 4 (MT4) offers a familiar and robust trading platform known for its user-friendly interface and advanced charting tools.

  4. Multiple Deposit Methods: HSFX supports various deposit methods, including bank transfers, credit/debit card payments, and third-party payment systems, providing flexibility for funding accounts.

  5. Customer Support: Customer support is available through email and QQ, offering avenues for clients to seek assistance and inquiries.

Cons of HSFX:

  1. Unregulated: The lack of regulation raises concerns about the safety and security of client funds and the absence of investor protection mechanisms.

  2. High Minimum Deposit: The minimum deposit requirement of £1000 may be prohibitive for traders with smaller capital or those new to trading.

  3. Limited Trading Platforms: HSFX exclusively uses Meta Trader 4 (MT4), which may not suit traders who prefer alternative platforms or more advanced technology.

  4. Risk of Poor Customer Support: The effectiveness and responsiveness of customer support via email and QQ can vary, potentially leading to slower issue resolution.

  5. Absence of Regulatory Safeguards: Clients may lack access to regulatory safeguards such as compensation schemes or dispute resolution mechanisms that are typically offered by regulated brokers.

Products

Forex Trading: HSFX provides clients with the opportunity to engage in Forex trading, allowing them to speculate on the price movements of various currency pairs. Currency pairs such as EUR/USD, USD/JPY, and GBP/USD are examples of the instruments available for trading. Forex trading is known for its high liquidity and the potential for profit in both rising and falling markets, making it a popular choice among traders.

Forex Pairs: Within the Forex market, HSFX offers a wide selection of currency pairs, catering to the preferences of different traders. Major pairs like EUR/USD, USD/JPY, and GBP/USD are characterized by their high liquidity and are among the most actively traded pairs. Minor pairs, such as EUR/GBP and AUD/JPY, provide opportunities for traders looking to explore less commonly traded currencies. Exotic pairs, such as USD/SGD and EUR/TRY, involve currencies from smaller or emerging economies and are known for their higher volatility.

Commodities Trading: HSFX allows clients to trade commodities, including precious metals like Gold and Silver, energy commodities such as Crude Oil and Natural Gas, and agricultural products like Wheat and Corn. Commodities trading offers diversification opportunities and allows traders to speculate on the price movements of these physical assets, often influenced by global supply and demand factors and geopolitical events.

Asset Management: HSFX offers asset management services, allowing clients to delegate the management of their funds to professional investment managers. These managers make investment decisions on behalf of the client, aiming to achieve specific financial goals and optimize returns based on the client's risk tolerance and investment objectives.

Daily Investment Advisory: Clients of HSFX receive daily investment advisory services, which typically include market analysis, trading recommendations, and insights. These advisories assist traders in making informed decisions by providing valuable information on current market conditions, potential trading opportunities, and risk management strategies. The daily investment advisory can be a valuable resource for traders seeking guidance in their trading activities.

Products

How to Open an Account?

Opening an account with HSFX involves the following three steps:

  1. Visit the HSFX Website:

    Start by accessing the official HSFX website. Navigate to the registration or account opening section, which is typically found on the homepage or in the “Account” or “Sign Up” menu.

  2. Complete the Registration Form:

    Fill out the registration form with the required information. You will typically need to provide personal details such as your name, email address, phone number, and potentially additional information for identity verification, as per HSFX's Know Your Customer (KYC) requirements.

  3. Deposit Funds and Start Trading:

    Once your registration is complete and your account is approved, you can proceed to deposit funds into your trading account. The minimum deposit requirement is £1000. After funding your account, you can access the trading platform and start trading in various financial instruments, including Forex, commodities, and more.

Trading Platform

HSFX exclusively offers the Meta Trader 4 (MT4) trading platform to its clients. Meta Trader 4 is a widely recognized and industry-standard trading platform known for its user-friendly interface, advanced charting tools, and extensive technical analysis capabilities.

Traders using MT4 can access a wide range of features, including customizable charts, a variety of technical indicators, and the ability to automate trading strategies using Expert Advisors (EAs).

The platform is available on multiple devices, including desktop computers, smartphones, and tablets, ensuring clients can access their accounts and trade from anywhere with ease.

While MT4 is a popular and reliable choice, it's important to note that HSFX exclusively using this platform may limit options for traders who prefer alternative trading software or more advanced technology.

Trading Platform

Deposit & Withdrawal

HSFX offers clients a range of deposit and withdrawal options to manage their trading accounts. Here are the key details regarding deposit and withdrawal methods, including the minimum deposit requirement:

Minimum Deposit:

  • HSFX requires a minimum deposit of £1000 to open a trading account and start trading.

Payment Methods:

  • Bank Transfer: Clients can deposit funds via bank transfer, which involves transferring money directly from their bank account to their HSFX trading account. Bank transfers are secure but may have longer processing times.

  • Credit/Debit Card: HSFX accepts deposits made with major credit and debit cards. This method is often faster and convenient for many users.

  • Third-Party Payment Systems: The company may also support third-party payment systems for deposits, providing additional flexibility and potentially quicker transaction processing.

Deposit & Withdrawal

Customer Support

HSFX provides customer support through email at service@hsfx365.com and QQ at 14153324, offering clients avenues to seek assistance and address inquiries.

While these contact options can be useful for reaching out to the company, it's important to note that the effectiveness and responsiveness of customer support may vary.

Conclusion

In summary, HSFX is a United Kingdom-based trading company established in 2013, offering a range of financial products such as Forex trading, Forex pairs, commodities, asset management services, and daily investment advisory.

However, it operates without formal regulation, which raises certain concerns regarding client fund security and the absence of regulatory safeguards.

With a minimum deposit requirement of £1000 and access to the Meta Trader 4 (MT4) trading platform, HSFX caters to traders seeking diverse trading opportunities. Nevertheless, potential clients should carefully consider the unregulated status of the company and the associated risks before engaging in trading activities with HSFX.

FAQs

Q: What is the minimum deposit required to open an account with HSFX?

A: HSFX requires a minimum deposit of £1000 to open a trading account.

Q: Is HSFX a regulated trading company?

A: No, HSFX operates as an unregulated trading entity, meaning it does not fall under the oversight of any official financial regulatory body.

Q: What trading platform is available for clients of HSFX?

A: HSFX exclusively offers the Meta Trader 4 (MT4) trading platform, known for its user-friendly interface and advanced charting tools.

Q: Can I practice trading before risking real funds with HSFX?

A: Yes, HSFX provides a demo account, allowing clients to practice trading with virtual funds before engaging in real trading activities.

Q: What deposit and withdrawal methods does HSFX support?

A: HSFX supports various deposit and withdrawal methods, including bank transfers, credit/debit card payments, and potentially third-party payment systems.

Q: How can I contact customer support at HSFX?

A: Customer support at HSFX can be reached via email at service@hsfx365.com and QQ at 14153324, providing options for clients to seek assistance and address inquiries.

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FX1589079135
more than one year
I recently encountered a frustrating experience with HSFX. The website has been shut down, and attempting to withdraw funds only resulted in a message stating that the account has been closed. It seems like they've completely vanished, leaving me with no access to my money. Falling for this scheme is a real letdown!
2024-01-05 23:52
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