Huixin Global Markets is a forex broker registered in London, UK, which entered the Chinese market in 2014. The company primarily offers trading services for forex, commodities, precious metals, and stocks. The broker claims to collaborate with renowned institutions such as Citibank, Swiss Bank, and JPMorgan Chase to provide users with access to liquidity from banks and other financial institutions. It operates without regulation from any supervisory authority, and specific information regarding the company's entity and address remains undisclosed.
Company Background
Huixin Global Markets has not disclosed its specific establishment date. According to a WHOIS domain query, the broker's domain huixinfx.com was registered on May 4, 2023, indicating a very recent registration, which contradicts the claim of the company's entry into the Chinese market in 2014. Furthermore, although Huixin Global Markets is registered in London, UK, more relevant information is not publicly available.
Trading Products
The broker offers CFD trading services covering financial products and derivatives such as forex, precious metals, commodities, and stocks.
Forex CFD: The forex market is the world's largest financial market involving the buying and selling of different national currencies. Investors can engage in forex trading through Huixin Global Markets.
Precious Metals CFD: Precious metal CFDs are derivatives in the financial market, allowing investors to trade based on the future price fluctuations of metals like gold and silver without physically owning them.
Commodity CFD: Commodities play a crucial role in the global market and are a highly volatile asset class. Traders can use them to diversify their investment portfolios.
Stock CFD: Investors can trade stock CFDs of different companies through Huixin Global Markets. Trading stock CFDs allows investors to go long or short on stocks without physically owning them.
Trading Software
The broker utilizes the MT4 online trading platform, available for both PC and mobile versions. Huixin Global Markets provides a download link for the PC version of MT4.
Regulatory Status
The broker operates without regulation from any supervisory authority, resulting in higher trading risks and lower credibility. Brokers and brokerage firms in the financial market are typically regulated by supervisory authorities to ensure market fairness, transparency, and investor protection. It is advisable for investors to cautiously choose brokers, giving preference to those regulated and reputable financial institutions to reduce trading risks and enhance credibility.
Language Support
Huixin Global Markets' website is displayed in Chinese, with no other language options available for selection.
Login Methods
Huixin Global Markets supports two login methods: CRM login and IB login, enabling direct access through the Huixin Global Markets website. However, new user registration is not supported.
Summary
Huixin Global Markets is a forex scam with a poorly constructed website that operates without regulation from any supervisory authority. Currently, the company is marked as "Scam" on TraderKnows. Investors are advised to steer clear of this platform and promptly withdraw any corresponding funds to avoid falling into a fraudulent trap.
