io.HFT-Trades is a contract-for-difference broker whose official website domain was registered on July 5, 2023. This broker primarily provides investment services in trading markets like Forex, stocks, options, cryptocurrencies, and copy trading to both retail and institutional clients. It does not offer services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on its official website (www.io.hft-trades.com), the broker uses the trading name "HFT-Trades," and its corporate entity is HFT-Trades Ltd, regulated by the Seychelles Financial Services Authority (FSA) with the securities dealer license number SD018.
Upon investigation, the company with the FSA license number SD018 is Raw Trading Ltd, which is the registered company entity of the well-known broker IC Markets in FSA. In reality, io.HFT-Trades uses IC Markets' regulatory information fraudulently.
Therefore, io.HFT-Trades (www.io.hft-trades.com) is actually a scam broker website without a corporate entity or any regulation.
Account Opening Process
The account opening process for an io.HFT-Trades trading account involves visiting the broker's official website, clicking "Open an Account" or "Sign up" in the top right corner to access the account registration page. Then, fill in personal information such as name, phone number, email address, and set a login password as required. After submitting the information and going through account verification, you can successfully register.
Investment Plans
io.HFT-Trades offers users three different investment plans: Start Up Plan, Re-Investment, and Big Earners Plan.
Start Up Plan:
- Trading period: 7 days
- Minimum deposit: $300
- Maximum deposit: $9,999
- Daily return rate: 59%
Re-Investment:
- Trading period: 14 days
- Minimum deposit: $10,000
- Maximum deposit: $49,999
- Daily return rate: 29%
Big Earners Plan:
- Trading period: 1 month
- Minimum deposit: $50,000
- Maximum deposit: $9,999
- Daily return rate: 15%
Trading Platforms
io.HFT-Trades claims to provide users with MT4/MT5 trading platforms, but their provided download links are not accessible, and the broker cannot be found on MT4 or MT5.
Deposits and Withdrawals
io.HFT-Trades supports deposits and withdrawals via Skrill, PayPal, Mastercard, VISA, NETELLER, and UnionPay.
Conclusion:
Traderknows reminds investors that io.HFT-Trades is a fraudulent broker website that has stolen regulatory information from IC Markets. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Suspected Fraud" on Traderknows.
