HTX Trade MT5 is a contract for difference broker established on December 6, 2023, primarily offering trading services in financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex to retail and institutional clients. This broker does not provide services to jurisdictions where doing so may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on HTX Trade MT5’s (gdrivestream.com) official website indicates that its headquarters are located in Ireland, while the company profile page claims it is headquartered in London, UK. The broker claims to be regulated by multiple authorities, including the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Japan Financial Services Agency (FSA), the Central Bank of Ireland (CBI), and the National Futures Association (NFA) in the USA. However, it only discloses the NFA license number 0552935, while registration numbers for other authorities are not provided.
Upon investigation, no records of a company named HTX Trade MT5 were found on the official websites of the FCA, ASIC, FSA, or CBI. The NFA website shows that the NFA ID 0552935 belongs to HTX MARKET LIMITED, registered as a non-member entity and not subject to NFA regulation.
Therefore, HTX Trade MT5 (gdrivestream.com) is essentially a fraudulent broker website with no corporate entity or regulation.
Account Opening Process:
Attempts to open an account with HTX Trade MT5 revealed that its account opening page could not be accessed, always displaying an unexpected interruption in connection.
Trading Account Information:
The HTX Trade MT5 website only discloses information about spreads, trading leverage, margin call/stop-out levels, and contract sizes. However, it does not provide details regarding account types, trading commissions, minimum/maximum trade sizes, maximum position/orders, or minimum price precision.
- Spreads: Floating spreads starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-out Levels: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
HTX Trade MT5 offers a proprietary trading platform for users, including desktop and mobile versions. The platform provides over 50 technical indicators and intraday analysis tools, while also featuring functionalities used by advanced traders.
Deposits and Withdrawals:
HTX Trade MT5 does not clearly specify the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that HTX Trade MT5 is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
