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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

hiifx

Malaysia|5-10 years|
Regulated in United States|Suspicious Regulatory License|MT4 Full License|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.hiifx.com/home

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

HighInspirationIntlCo-Demo

MT4
2

Influence

C

Influence index NO.1

Taiwan 2.94
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
HighInspirationIntlCo-Demo MT4
Server Location

Influence

Influence

C

Influence index NO.1

Taiwan 2.94

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

enquiry@hiifx.com
https://www.hiifx.com/home

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

High Inspiration International Co., Ltd

Company Abbreviation

hiifx

Platform registered country and region

Malaysia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-04-23
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

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Pyramid scheme complaint
Expose
Unable to Withdraw

HIIFX's withdrawal has not arrived for 4 month.

I applied for a withdrawal at HIIFX International on November 24, 2021, but it has not yet been received; I applied for a withdrawal again on February 17, 2022; I have not received the funds both times. I keep urging them during this time, but there is no response. It's really a heart-stopping investment, and I implore the platform to help us.

2022-03-11 23:03
Unable to Withdraw

HIIFX is a Ponzi Scheme that cannot withdraw. Eveyone does not be deceived any more

Because of the relationship between the old classmates and trust, I entered this market, it is still the same sentence, don't trust acquaintances, acquaintances specialize in deceiving acquaintances, it is easy to gain trust. They are a bit like MLM organizations relying on people to enter the game to make commissions, and constantly attract new people to enter. The early withdrawals are still stable, and they will not be able to withdraw funds from December 2020! Their routine is to use what insurance mechanism to settle claims for losses, and let them escrow to give some pocket money every month! All kinds of successful cases share their hearts and brains, and they say that they should not post on Moments because they are afraid that others will find out and expose them! It is also often used to send little hens to tempt you to increase your investment to maintain their financial scam of bridging the east and the west. Up to now, there have been many times when thunder and gold have been withdrawn. If the reason is unsuccessful, it means that there is no money! All the advertisements in the broker's circle of friends have also been deleted, that is, they also know that there is a problem, but they continue to fool you in queuing up to withdraw money! They think that others are foolish!

2022-04-28 01:48

    hiifx · Company Summary

    Note: hiifxs official site - https://www.hiifx.com/home is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    hiifx Review Summary in 10 Points
    Founded N/A
    Registered Country/Region Malaysia
    Regulation NFA (unauthorized)
    Market Instruments forex currency pairs
    Demo Account N/A
    Leverage 1:400
    EUR/USD Spread N/A
    Trading Platforms MT4
    Minimum Deposit N/A
    Customer Support email

    What is hiifx?

    HiiFX is a company that has been associated with fraudulent activities. This broker has been verified to be illegal and all of its licenses have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros & Cons
    Pros Cons
    • MT4 supported • Unauthorized NFA license
    • Illegal broker
    • Unavailable website
    • Many exposures of unable to withdraw and scams
    • Lack of transparency
    • Limited trading instruments
    • Only email support

    hiifx Alternative Brokers

      There are many alternative brokers to hiifx depending on the specific needs and preferences of the trader. Some popular options include:

      • Valutrades - A reputable broker with competitive trading conditions and a range of trading platforms, suitable for both novice and experienced traders.

      • Darwinex - A unique social trading platform that allows traders to invest in strategies and gain exposure to a diverse range of markets, combining innovation with transparency.

      • ForexChief - A reliable broker offering competitive trading conditions, a variety of trading instruments, and multiple account types to cater to different trading needs.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is hiifx Safe or Scam?

    Based on the information available, hiifx is an unregulated and illegal broker with an unauthorized National Futures Association (NFA, License No. 0519147) license and a listing on WikiFX's Scam Brokers list. The fact that the website is currently unavailable further raises concerns about its legitimacy. Considering these red flags and the risk associated with trading on an unregulated platform, it is advisable to avoid hiifx as it may pose a potential scam risk. It is important for traders to prioritize their safety and choose regulated and reputable brokers for their trading activities.

    Market Instruments

    As an unregulated broker, hiifx claims to offer trading in forex currency pairs, including major, minor, and exotic pairs. Forex trading involves the buying and selling of currencies in the global foreign exchange market. Major currency pairs typically include combinations of widely traded currencies like the US dollar, Euro, British pound, Japanese yen, and Swiss franc. Minor currency pairs involve currencies of smaller economies, while exotic pairs include currencies from emerging or less-traded markets.

    While hiifx advertises these market instruments, it is important to exercise caution and consider the risks associated with trading on an unregulated platform, as the lack of regulation may impact the safety and reliability of the trading environment.

    Leverage

    hiifx claims to offer a maximum leverage of up to 1:400 for forex trading. Leverage allows traders to control a larger position in the market with a smaller amount of capital. For example, with a 1:400 leverage, a trader can control a position that is 400 times the amount of their initial investment. This can potentially amplify profits but also magnify losses.

    While high leverage can be attractive to traders looking to maximize their potential gains, it also increases the level of risk involved. It is important to note that trading with high leverage carries a higher risk of significant losses, especially if proper risk management strategies are not implemented. Traders should carefully assess their risk tolerance and financial capabilities before utilizing high leverage offered by brokers like hiifx.

    Trading Platforms

    hiifx provides its clients with the popular MetaTrader4 (MT4) trading platform, which is available in multiple versions to cater to different trading preferences. The MT4 platform is known for its user-friendly interface and comprehensive set of trading tools and features. Traders can access the desktop version of MT4, which offers advanced charting capabilities, a wide range of technical indicators, and the ability to execute trades directly from the platform.

    In addition to the desktop version, hiifx also offers the web-based version of MT4, allowing traders to access their accounts and trade from any web browser without needing to download or install any software. This provides flexibility and convenience for traders who prefer to access their accounts from different devices or locations.

    For traders on the go, hiifx offers mobile versions of MT4 for both iOS and Android devices. These mobile apps provide full trading functionality, allowing traders to monitor the markets, place trades, and manage their accounts while on the move. The mobile apps are designed to be intuitive and user-friendly, providing a seamless trading experience on smartphones and tablets.

    MT4

    Overall, hiifx's provision of the widely recognized and popular MT4 trading platform in its various versions ensures that traders have access to a powerful and versatile trading platform that can cater to their individual trading needs and preferences.

    See the trading platform comparison table below:

    Broker Trading Platforms
    hiifx MetaTrader 4
    Valutrades MetaTrader 4
    Darwinex MetaTrader 4
    ForexChief MetaTrader 4

    Customer Service

    hiifx offers customer support primarily through email communication. Traders can reach out to the company's customer service team by sending an email to the designated email address, which is enquiry@hiifx.com. However, the lack of alternative contact methods, such as phone support or live chat, may also limit the options for direct and immediate assistance.

    Pros Cons
    N/A • Unavailability of multiple contact options
    • Lack of live chat or phone support

    Note: These pros and cons are subjective and may vary depending on the individual's experience with hiifx's customer service.

    User Exposure at WikiFX

    On our website, you can see that there are a large number of negative reviews on this broker, such as HIIFX absolutely fraud platform, unable to withdraw, etc. We can see that HIIFX is 100% scam broker, and traders must stay away from this broker.

    Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure at WikiFX

    Conclusion

    Overall, hiifx is an unregulated and illegal platform, it carries inherent risks. Trading with such a broker can expose traders to potential scams, fraudulent activities, and lack of investor protection. It is crucial for traders to prioritize safety and choose regulated brokers that offer transparent services, regulatory oversight, and a robust customer support system. Conducting thorough research and due diligence is essential to make informed decisions and mitigate risks in the financial markets.

    Frequently Asked Questions (FAQs)

    Q 1: Is hiifx a regulated broker?
    A 1: No. hiifx National Futures Association (NFA, License No. 0519147) is unauthorized.
    Q 2: Does hiifx offer the industry leading MT4 & MT5?
    A 2: Yes. It supports MT4.
    Q 3: Is hiifx suitable for beginner traders?
    A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

    News

    WikiFX Field Survey: High Inspiration International Limited(HIIFX)Not Found

    NewsWikiFX Field Survey: High Inspiration International Limited(HIIFX)Not Found

    2022-07-05 16:38

    In the previous article, WikiFX exposed the fraud case of DRCFX, a forex broker that gets involved in a scam. DRCFX is considered another name for HIIFX. As we mentioned in the previous article, HIIFX (DRCFX) is a Ponzi Scheme, and it constantly changes its name, and location, and set up a new scam to lure investors to join. According to WikiFX’s investigation, HIIFX claimed it has a physical address in Canada. Therefore, recently, the WikiFX team has made a field survey on HIIFX in Canada. We want to verify if the address of this broker really exists and give you a clear view of the reliability of this broker.

    WikiFX
    2022-07-05 16:38
    News
    WikiFX Field Survey: High Inspiration International Limited(HIIFX)Not Found

    User Reviews

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    傅晨挺
    more than one year
    When I was investing in HIIFX before, it asked me to provide a variety of materials to prove that I was myself, and this process took a long time! I think the experience is not good, so I want to put all the money, but I did not expect it to charge a high non -transaction fee.
    2023-02-28 14:33
    Reply
    0
    0
    Mr.付
    more than one year
    I saw this company's advertisement on the Internet before and wanted to take a look at it today, but wikifx showed that this company is completely a liar, and has already run away! I have seen many complaints from many people... I hope the scammers will be punished soon!
    2022-12-14 09:56
    Reply
    0
    0
    FX1078135364
    more than one year
    Don't trade with hiifx! Totally a scam company. They rejected my withdrawal request for various reasons. You can also see on this website that there are still many victims. I hope more people can see my review and stay away from this scammer.
    2022-11-30 14:47
    Reply
    0
    0
    请叫我李先生
    more than one year
    Unable to withdraw. There has been no response to the application for withdrawal, and it didn't take long for their website and platform to be accessed. Customer service can’t be contacted anymore. They must have absconded.
    2022-11-28 09:39
    Reply
    0
    0
    hy
    more than one year
    They are a scam broker. There is no reason to end your trades, and they have done it many times before. This broker has terrible customer service and doesn't care about your business. I'll never put my money here again. I thank God for putting me in touch with you. I will write a review on WikiFX about how I really feel.
    2022-11-27 09:55
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