HEZBIT claims to be an online platform offering various financial trading products, with the tagline "Your Trusted Narrow Spread Platform" aiming to highlight its low spread appeal. However, a deeper analysis of the platform's information reveals several concerning factors. Here is a detailed review of HEZBIT to help investors understand its potential risks from multiple angles.
Company Background: Establishment History and Transparency
Registration Information and Team Background
The legal entity of HEZBIT is listed as GZHYS-HEZBIT Limited, with a registration date of December 17, 2008. However, the current team reacquired and registered the brand on October 18, 2024. It is concerning that verifying the company's authenticity through public channels is difficult, with a murky background adding uncertainty to the firm's reliability.
Website Traffic and Reputation
In terms of website traffic, data from Semrush and Ahrefs show that HEZBIT's monthly visits fall below 100, indicating it is virtually unnoticed. Such low traffic not only points to a lack of platform recognition but also suggests low user trust and a lack of active user support.
Employee Information and Operational Address
HEZBIT does not disclose employee information or an office address, further lowering the company's transparency. This lack of information makes it difficult for users to assess the platform's reliability, potentially posing risks to the safety of funds.
Products and Services: Trading Conditions and User Experience
Variety of Products Offered
HEZBIT claims its products cover Forex, precious metals, commodities, and indices CFD trading, supporting PC, iOS, and Android devices. However, user feedback suggests that some download links do not function properly, indicating that the actual user experience is unsatisfactory, casting doubt on the platform's infrastructure stability.
Risks of Fake Trading Software
In terms of trading software, HEZBIT claims to offer the widely used MetaTrader 4 (MT4) platform. In reality, HEZBIT uses the "SuperAI Options7" software, commonly associated with fraudulent schemes, unrelated to MT4. This misleading promotion not only affects user experience but is a severe violation of traders' right to be informed.
Account Types and Fund Security Concerns
Two Account Types and Trading Conditions
HEZBIT offers two account types, Standard Account and ECN Account, featuring low spreads (0-1 pips) and commissions of $0-6 per lot, with leverage up to 1:500, attracting investors with a high-risk appetite. However, despite the seemingly favorable conditions, HEZBIT does not disclose deposit and withdrawal channels. This means users' funds are difficult to track, and the security of deposits and withdrawals is not guaranteed, raising concerns.
Regulatory and Compliance Issues
False Regulatory Information
HEZBIT claims on its website to hold regulatory licenses from US NFA, Fincen MSB, ASIC (No. 296805), and VFSC (No. 700455). However, verification shows no records of HEZBIT in the NFA and Fincen MSB databases. The regulatory information displayed by HEZBIT belongs to another company, Y&C FINANCIAL INVESTMENT CO LTD, which is suspected of fraud itself.
Impersonating Others' Regulatory Qualifications
Additionally, the ASIC and VFSC information HEZBIT displays has also been proven false, belonging to counterfeit licenses. This not only indicates that HEZBIT has not undergone proper financial regulation but also suggests a tendency towards license compliance fraud, increasing investment risks for users.
Lack of Customer Support and Service Shortcomings
Lack of Contact Information and Social Media
In terms of customer support, HEZBIT does not provide any contact information on its website, nor does it have active social media accounts, which is highly unusual for an international broker. Users cannot get official support when problems arise, which undoubtedly reduces the platform's credibility.
Lack of Educational Resources and Agency Policy
In educational resources, HEZBIT provides no investment education materials. Furthermore, HEZBIT also does not display any Introducing Broker policy, leading to a lack of service diversity and user guidance.
User Reviews and Brand Exposure
Lack of User Reviews and Doubts
There are virtually no user reviews or feedback about HEZBIT available in public domains, indicating a lack of actual user base. Additionally, the absence of any positive or negative user experience data makes it difficult for potential investors to ascertain the real trading experience.
Lack of Media Exposure
HEZBIT lacks any exposure in major media or financial news outlets, significantly diminishing its credibility and recognition. This is unfavorable for an investment platform aiming to gain market trust, further weakening its reliability.
TraderKnows Risk Alert
In conclusion, HEZBIT performs poorly in terms of transparency, compliance, and fund security. According to TraderKnows' analysis and data, the platform is a non-regulated new shell company that is highly likely involved in fraudulent activities. Investors are advised to stay away from HEZBIT to avoid financial losses.
