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/10

HXFX Global

United Kingdom|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|The server is only located in China.|Suspicious Overrun|High potential risk|

https://hxfxglobal.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

FeeLLC-Demo

China
MT4
2

Influence

C

Influence index NO.1

Thailand 3.16

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
FeeLLC-Demo MT4
Server Location China

Influence

Influence

C

Influence index NO.1

Thailand 3.16

Surpassed 86.61% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+84 2844582358
cs@hxfxglobal.com
https://hxfxglobal.com/
Suite 803, 162 Warwick Way, London, England, SW1V 4JE.

Licenses

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

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
HXFX Global
Proton Markets
RCPro

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
HXFX Global

Contact number

English

+84 2844582358

English

+60 1800819625

English

+60 1800819320

English

+63 180016530003

Broker Information

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Warning: Low score, please stay away! 4
Previous Detection : 2024-02-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0517064) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Expose

HXFX Global · Company Summary

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 & Regulation

Feature Information
Registered Country/Region United Kingdom
Found 2010
Regulation Suspicious clone
Market Instrument Forex Share, Index, Commodity, and Cryptocurrency
Account Type Mini, Standard and Senior
Demo Account yes
Maximum Leverage 1:500
Spread Vary on the account type
Commission N/A
Trading Platform MT4
Minimum Deposit $20
Deposit & Withdrawal Method Malaysian banks and Help2pay

HXFX Global is a global forex broker with three financial institutions, Rhino Smart Pty Ltd, HXFX Global Investments Limited, and HX WORLDWIDE COMPANY LIMITED. HXFX Global itself does not hold any reliable regulatory license.

Here is the home page of this brokers official site:

home page

Safety Analysis of HXFX Global

After investigation, it is clear that although the three financial institutions under HXFX Global hold different regulatory licenses, HXFX Global itself does not hold any valid license, which means that HXFX Global is an unregulated brokerage platform, and the safety of investors' funds and trading activities on the HXFX Global platform cannot be effectively protected. Therefore, it is best for investors to stay away from this HXFX Global Forex broker.

General Information & Regulation

Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

HXFX Global provides investors with 40+ trading products, mainly Forex (20+ currency pairs, major currency pairs such as EUR/USD, USD/JPY and GBP/USD), Share, Index, Commodity, and Cryptocurrency.

Market Instruments

Account Types

Apart from demo accounts, HXFX Global offers investors three different types of real trading accounts: Mini (minimum deposit of $20), Standard (minimum deposit of $50), and Senior (minimum deposit of $2,000).

Account Types

Leverage

The leverage is capped at 1:500. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

The spread on the HXFX Global platform is 1.5 pips on the EURUSD for Mini accounts, 1.3 pips on the EURUSD for Standard accounts, and 1.1 pips on the EURUSD for Senior accounts.

Trading Platform

HXFX Global offers traders the most popular MT4 trading platform available today, with unparalleled charting tools and an environment for developing custom indicators, and an automated trading system (EA). The HXFX Global trading platform is available in various formats and versions - desktop download, web browser, Android & iOS mobile app.

Deposit & Withdrawal

HXFX Global only supports deposits from Malaysian banks and Help2pay for deposits to investment accounts. HXFX Global charges a $3 fee for single deposits of less than $50, a 6% fee if the transaction margin amount is less than 50% of the deposit amount and a 5% withdrawal fee from the fourth withdrawal within 24 hours.

Customer Support

HXFX Globals customer support can be reached 24/5 by telephone: 120852310 (Vietnam), 12280875 (Viettel network), +84-2844581687, 1800819320 (Malaysia), 180016530003 (Philippines), +84-2844582358 (VN, Fees required), +60-1800819625 (MA, Fees required), email: cs@hxfxglobal.com, Zalo and WhatsApp. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn.

Pros & Cons

Pros Cons
• Wide range of trading instruments • The absence of any valid license itself
• Demo accounts available • Regional restrictions
• Minimum account deposit acceptable ($20) • Limited funding options
• MT4 supported • High withdrawal fees

Frequently Asked Questions (FAQs)

Q 1: Is HXFX Global regulated?
A 1: No. Vanuatu Financial Services Commission (VFSC) and National Futures Association (NFA) licenses are both suspicious clones.
Q 2: At HXFX Global, are there any regional restrictions for traders?
A 2: Yes. The information on HXFX Globals website is not intended for residents of the United States, nor is it intended for use in any country or jurisdiction where distribution or use would violate local laws and regulations.
Q 3: Does HXFX Global offer demo accounts?
A 3: Yes.
Q 4: Does HXFX Global offer the industry-standard MT4 & MT5?
A 4: Yes. HXFX Global supports MT4.
Q 5: What is the minimum deposit for HXFX Global
A 5: The minimum initial deposit to open an account is $20.
Q 6: Is HXFX Global a good broker for beginners?
A 6: No. HXFX Global is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations. Take care!

News

HXFX Global Review – is hxfxglobal.com scam or good forex broker?

NewsHXFX Global Review – is hxfxglobal.com scam or good forex broker?

2021-12-11 21:51

HXFX Global presents itself as a global forex brokerage holding licenses with three financial institutions. It offers its clients access to the popular MetaTrader4 platform, and a choice of three account types, however we couldn’t register a demo one for the purposes of this review. What is worse, our investigation on the regulatory status of the entities within the HXFX Global group revealed that the broker doesn’t actually hold a credible license of its own.

WikiFX
2021-12-11 21:51
News
HXFX Global Review – is hxfxglobal.com scam or good forex broker?

User Reviews

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4

Comments

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FX1289127016
more than one year
This HXFX's official website is fully of promotional materials. Customer service is not professional at all, and they kept asking your name yet refusing other questions.
2023-02-27 12:00
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0
0
FX1048174733
more than one year
I must say that although the trading conditions offered by HXFX seem good, low initial deposit, high leverage, various promotions... but offshore regulation means more flexible trading conditions and lower security. I think the most important thing is safety. If your money is scammed, what is the point of other trading conditions?
2022-11-27 09:49
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0
0
Quân Phan Văn
more than one year
Their website advertises to offer some extremely high bonuses, but I think it must be a way to induce people to invest in their platform. Deposits and withdrawals are both not free of charge, instead, you have to pay a very high transaction fee.
2022-11-23 18:07
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0
0
曾云
more than one year
I am here just to say what they advertise is not the real thing, they clearly say that if you recommend a friend, they will give you rewards. My friend Mike opened an account here, I haven’t received any rewards yet, I asked their staff, no response…
2022-11-23 14:44
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0
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