REALHX is a new broker in the financial trading business, established in 2024. Despite this, the company provides various financial instruments: forex, precious metals, commodities, energy, and index CFDs. It offers a user-friendly trading platform designed to satisfy the diverse needs of global clients. However, there are certain aspects related to its regulatory status, transparency, and overall reliability that raise several questions.
Account Types
The broker offers two main types of accounts: Standard Account and ECN Account.
Standard Account
- Platform: REALHX proprietary platform
- Speed: Instant execution
- Products: Multiple commodities, soybean and cocoa CFDs
- Leverage: Up to 500:1
- Minimum Spread: Starts from 1 pip
- Commission: $0 per transaction
- Minimum Deposit: $200
ECN Account
- Platform: REALHX proprietary platform
- Speed: Instant execution
- Products: Multiple commodities, soybean and cocoa CFDs
- Leverage: Up to 500:1
- Minimum Spread: Starts from 0.0 pips
- Commission: $6 per round
- Minimum Deposit: $200
These account types are devised for the benefit of different traders, mainly with high leverage opportunities, though the risk of high leverage is indeed high. At the same time, traders should be very cautious and aware of the potential dangers of leveraged products.
Trading Platform
He says his firm provides its main proprietary trading software REALHX, which supports multiple devices, including PC, tablet, iOS, and Android. The platform is advertised to feature fast execution, customizable charts, and a wide range of built-in market analysis indicators.
However, upon investigation, the links mentioned for download on PC are unreachable, and the Android and iOS links are problematic. What is worse, the AppStore link redirects users not to the REALHX they promise, but to an application called NativeFX6. This makes a big difference, and there is much to question about this broker's honesty and trustworthiness.
Regulatory Issues
The broker's website claims regulation by the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN). However, verification failed to find REALHX's registration in the official databases of NFA or FinCEN. This verification failure suggests the broker may have exaggerated its regulatory status, further questioning its legitimacy.
Transparency Issues and Missing Features
The REALHX maintains a big problem in terms of a complete lack of transparency. There is no clear contact information on the broker's website whatsoever, meaning it is not easy for customers to actually get in touch with them. Besides, they do not have social media, nor investor education resources, which are common resources typical for good-quality brokers.
Also, while the supported payment systems are shown, such as NETELLER, Skrill, VISA, Bank Transfer, it does not explain how funds are kept or moved. This lack of crucial information exposes a potential customer to great risk.
User Reviews and Online Reputation
With several trading products available and having a proprietary platform, no user reviews or feedback could be found on credible forums or review websites. Lack of public testimonials or reviews on REALHX demonstrates that the firm has not developed a good customer base or reputation so far.
Furthermore, no information about the company's employees or physical office location can be found, further heightening suspicions about the company's legitimacy.
Website Traffic and Brand Exposure
According to data analysis from Semrush, here are the key points:
- Authority Score: 0, indicating very low domain authority.
- Organic Traffic: The website has no organic search traffic, with records showing 0 visits.
- Paid Search Traffic: There is also no paid search traffic.
- Backlinks: The website has 4 backlinks, but they remain quite limited.
- Referring Domains: It has 2 referring domains, indicating very few external mentions of the website.
- Keywords: There are no keywords associated with the website, indicating it does not rank on search engines.
These data further confirm that the website has a very weak online presence, lacking both organic and paid traffic, with low authority.
According to data analysis from Ahrefs, here are the key points:
- Domain Rating (DR): 0, indicating a very low authority.
- URL Rating (UR): 0, suggesting the URL has very low authority as well.
- Backlinks: The domain has no recorded backlinks.
- Referring Domains: None, meaning no external websites link to this site.
- Organic Search Keywords: No ranking keywords, indicating it does not appear in any search engine rankings.
- Traffic: No recorded organic or paid traffic.
These data indicate that the website lacks online presence or visibility, has poor indexing in search engines, which could be dangerous for potential traders wanting a serious broker.
Conclusion
Even though high leverage, very low spreads, and customizable platforms are in the product line of trading, there are a number of warning signs to be particularly cautious about with this broker. It includes unverified regulatory claims, non-functional platform links, lack of transparency, and weak online reputation.
Advice: Considering the uncertainties on the regulatory status of REALHX, the lack of transparency, and negative reviews by prospective traders, it's best to approach the brokerage company with caution. Investors are better-off selecting brokers that have efficient regulation, good customer support, and a reputable industry standing.
According to the identified risks, it is recommended that traders select more mature and regulated brokers to ensure their investments are secure.
