Hengtuo Finance is a forex broker with its official website domain registered on November 2, 2023, primarily offering investors trading services in financial derivatives such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. This broker does not provide services in jurisdictions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the Hengtuo Finance official website indicates that its headquarters are located in London, and the business entity registered with the UK Companies House is Hengtuo Finance GROUP LIMITED. This entity is also registered with the Financial Crimes Enforcement Network (FinCEN) in the USA.
Upon verification, neither the UK Companies House nor the Financial Conduct Authority (FCA) has records of an entity registered under the name Hengtuo Finance GROUP LIMITED. Similarly, the Financial Crimes Enforcement Network (FinCEN) in the USA has no registration information for this entity, and the agency does not regulate financial derivatives trading.
Additionally, the web design and content of this broker are identical to those of brokers CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, GYG INVESTMENT LTD, and Maxtra Financial Limited.
Account Opening:
To open an account with Hengtuo Finance: Visit the broker's official website, click on "Register" at the homepage or the top-right corner of the page, fill in your email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Trading Account Information:
Hengtuo Finance has not disclosed information on spreads, trading leverage, margin call/stop-out levels, account types, trading commissions, minimum/maximum trading volumes, maximum positions/orders, or minimum price precision on its official website.
Trading Platform:
Hengtuo Finance offers a proprietary trading platform to its users.
Deposits and Withdrawals:
Hengtuo Finance has not explicitly published its supported methods of deposit and withdrawal, fees, or minimum deposit and withdrawal amounts on its official website.
Summary:
Traderknows warns investors that Hengtuo Finance is a forex scam website with opaque registration and regulatory information. It can only be contacted via email, offering very limited communication options. The design and content of its official website use the same template as those of brokers such as CPT Limited, Unisnfx, XCY Global Ltd, BCC markets limited, Texttforex, Maxtra Financial Limited, and GYG INVESTMENT LTD. Traderknows advises investors to opt for brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
