HFX Crypto is a forex broker whose official website domain was registered on July 26, 2023. It primarily offers financial derivative trading services such as forex, stocks, indexes, energy, metals, and ETF contracts for difference to investors. This broker does not provide services to jurisdictions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the HFX Crypto official website reveals that the broker has several corporate entities under its name, regulated by multiple authorities. Among these, HFX Crypto Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with the license number 1780019. HFX Crypto (registration number HRB11677B) serves as a designated agent for Ultra Booster Trade Ltd registered with the German Federal Financial Supervisory Authority (BaFin), while also being authorized by the Mauritius Financial Services Commission (FSC) as an investment dealer on October 2, 2017, under license number C17554381. Additionally, TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA) with the license number SD0175.
However, according to verification from their official website, the Cyprus Securities and Exchange Commission (CySEC), the German Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) have no regulatory registration information for the broker.
Account Opening:
To open an account with HFX Crypto: Visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the page to enter the account registration page, fill in personal information such as name and email address, set a login password, and submit. The account is successfully registered upon submission.
Account Types:
HFX Crypto offers a demo trading account and four types of trading accounts: STARTER, BASIC, PRO, and EXECUTIVE. However, information related to spreads, trading leverage, margin call/stop-out levels, contract sizes, trading commissions, minimum/maximum trading volume, maximum orders/positions, and minimum price precision is not disclosed on its website.
Trading Platform:
HFX Crypto provides a proprietary trading platform for its users.
Deposits and Withdrawals:
HFX Crypto supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Conclusion:
Traderknows reminds investors that HFX Crypto is a scam platform providing false regulatory information. The website design and content of this broker are identical to those of Phemextrade, SplitNow Invest, Crypto Max Returns, Daily Financial Earners, SupaTrade FX, and Prudence FX Trades. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
