Note: HDG MARKETS official site - https://www.hdglimited.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is HDG MARKETS？
HDG MARKETS, with full name HDG Markets Limited, is a United Kingdom-based global brokerage firm who also operate in Philippines. It offers online trading services to its clients. However, it is important to note HDG MARKETS currently has a revoked ASIC (Australia Securities & Investment Commission) license with number 001295273 and unauthorized NFA (National Futures Association) license with number 0545805 which raises concerns when trading. Also, it was categorized as illegal and scam broker on WikiFX.
In the forthcoming sections, we intend to dissect and comprehensively evaluate this broker's features from diverse perspectives, delivering to you well-structured and user-friendly information. We encourage you to read further if you're intrigued. Wrapping up the article, a concise summation will be provided to allow a quick and thorough grasp of the broker's distinguishing traits.
Pros & Cons
The broker provides MT4 trading platforms, which is certainly a beneficial aspect considering its widespread acceptance and advanced features.
However, the cons significantly outweigh this advantage. Their ASIC license has been revoked, and there's a lack of NFA authorization. The poor design and functionality of their website further impugn their credibility. Being categorized as an illegal and scam broker on WikiFX raises serious safety concerns. Also, transparency is lacking, and there have been numerous negative reviews regarding unable to withdraw from their clients. Overall, these downsides point towards a high-risk, low-trust scenario for potential investors.
Is HDG MARKETS Safe or Scam？
When considering the safety of a brokerage like HDG MARKETS 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: The situation of its ASIC license no. 001295273 being revoked, and the NFA license no. 0545805 being unauthorized, combined with the categorization as an illegal and scam broker on WikiFX, certainly casts doubts regarding the security of trading with them. Furthermore, the inaccessibility of their official website suggests a possible halt in operations. All these aspects together enhance the overall risk factors associated with making investments via the platform.
User feedback: The existence of 36 reports on WikiFX regarding withdrawal challenges emerges as potential alert signals. Before opting to interact with any broker or investment platform, it's wise to conduct in-depth research and due diligence to prevent making unfortunate choices.
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 HDG MARKETS is a personal one. You should weigh the risks and benefits carefully before making a decision.
Trading Platforms
HDG Markets utilizes the highly regarded MT4 trading platform which caters to all devices including Windows, Desktop, iOS, and Android.
Renowned for its user-friendly interface, this platform empowers traders with seamless one-click operations for initiating and concluding trades, setting stops and entry limits. It allows the direct placement and modification of orders and the setting of stop-loss limits. Moreover, the MT4 platform offers a robust charting package providing comprehensive market analysis options.
User Exposure on WikiFX
On our website, you'll find a total of 36 reports of withdrawal issues on WikiFX, which signals a significant red flag. We strongly advise all traders to thoroughly investigate all accessible information before putting their hard-earned money at risk. Serving as a comprehensive resource, our platform is designed to assist traders in making well-informed decisions. If you've experienced fraudulent activities by brokers or fallen victim to such incidents, we strongly urge you to report this in our 'Exposure' section. We greatly appreciate your contributions. Our dedicated team remains steadfast in addressing these issues, working vigorously to find resolutions for such challenging situations.
Customer Service
HDG MARKETS provides multiple customer service options to assist its clients. Customers can reach out to HDG MARKETS through various channels to address their queries and concerns as below:
Phone: +63 9663 490485
Email: ceo@hdglimited.com.
Address: 291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom;
4th Floor, One E-com Center, Harbour Dr, Pasay City, Metro Manila, Philippines.
Conclusion
HDG MARKETS, an online brokerage based in the UK, provides trading services per available online information. Yet, its revoked ASIC and unauthorized FCA regulatory status pose immediate warnings- regulated brokers must comply with established financial rules, instilling clients with a sense of assurance. Being branded as an illegal and scam broker on WikiFX further heightens risks for traders, opening them up to potentially fraudulent activities. Furthermore, the dysfunctional website and 36 reports of withdrawal issues on WikiFX reflect a deficit in professionalism and attention to detail, undermining faith in their service reliability.
Therefore, those considering HDG MARKETS should exercise caution and explore alternative, regulated brokers that value transparency, security, and accountability.
Frequently Asked Questions (FAQs)
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2022-12-11 11:06
2022-12-06 16:53
