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Hai Hui International

China|2-5 years|
Suspicious Scope of Business|Suspicious Overrun|High potential risk|

http://hifxx.cn

Website

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Contact

http://hifxx.cn

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Warning: Low score, please stay away! 4
Previous Detection : 2024-06-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0519147) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 421210) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Hai Hui International · WikiFX Survey

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Hai Hui International · Company Summary

Note: Hai Hui Internationals official site - http://hifxx.cn 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

Hai Hui International Review Summary
Founded 2-5 years
Registered Country/Region China
Regulation Suspicious ASIC and NFA clone

What is Hai Hui International?

Hai Hui International, abbreviation for High Inspiration International Limited, is an online trading platform based in China that offers trading services to individuals interested in the financial markets. However, it is important to note that Hai Hui Internationals website is currently unavailable, making it difficult to verify its legitimacy or regulatory status.

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
• None • Suspicious ASIC and NFA clone
• Lack of transparency
• Website unfunctional
• No customer support options

Hai Hui International Alternative Brokers

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

  • XGLOBAL - An online forex and CFD broker providing traders with access to a wide range of markets, advanced trading technologies, and competitive trading conditions through its innovative platforms and liquidity network.

  • XTB- XTB is a well-established broker known for its competitive spreads, extensive educational resources, and user-friendly platforms, making it a reliable option for traders of all levels.

  • Swissquote - Swissquote is a reputable and reliable broker with a wide range of financial instruments and excellent trading services, making it a top choice for traders.

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

Is Hai Hui International Safe or Scam?

When considering the safety of a brokerage like Hai Hui International or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with. The ASIC (Australia Securities & Investment Commission) license no. 421210 and the NFA (National Futures Association) license no. 0519147 claimed by the broker are suspected to be fake clones.

Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

suspicious clone ASIC license
suspicious clone NFA license
  • Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with Hai Hui International is a personal one. You should weigh the risks and benefits carefully before making a decision.

Customer Service

Customer Service

Hai Hui International does not offer customer service channels through the internet, limiting the convenience and accessibility for its clients. The absence of any customer service channels for Hai Hui International on the internet is deeply concerning and raises questions about the company's transparency and commitment to addressing its clients' needs. Without clear avenues for reaching out for assistance or resolving inquiries, clients may feel left in the dark and uncertain about the reliability of the company.

Conclusion

According to available information, Hai Hui International is a China -based trading platform that offers trading services to its clients. However, the fact that it is non-regulated (suspicious ASIC and NFA clone) is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct. Additionally, an unfunctional website and no customer service channel indicates a lack of professionalism and attention to detail, which further erodes confidence in the company's ability to provide reliable and efficient services. As such, individuals considering Hai Hui International as their brokerage firm should exercise extreme caution and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability.

Frequently Asked Questions (FAQs)

Frequently Asked Questions (FAQs)
Q 1: Is Hai Hui International regulated?
A 1: No. It has been verified that this broker currently has no valid regulation, the ASIC (Australia Securities & Investment Commission) license no. 421210 and NFA (National Futures Association) license no. 0519147 claimed by the broker are suspected to be fake clones.
Q 2: Is Hai Hui International a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its suspicious clone condition, but also because of the lack of transparency and exposure on some websites about scams.

Broker Information

Company Name

High Inspiration International Limited

Company Abbreviation

Hai Hui International

Regulatory Status

Suspicious Clone

Platform registered country and region

China

Company website
Phone of the company

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Company Summary

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Passerby38973
more than one year
Do not trade with this company Hai Hui International. When I wanted to withdraw, that's when things got suspicious. They delayed my withdrawal and eventually lost all the money in my account and now I'm left with zero.
2023-03-10 14:58
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