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Rating
/10.00
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Benchmark
A
Appointed Representative(AR)
ASIC Unsubscribed
Financial Service Corporate
FSPR Revoked
Common Financial Service License
NFA Unauthorized
Common Financial Service License
ASIC Suspicious Clone
Company Name:
Horseforex PTY LimitedCompany Abbreviation:
HorseforexPlace of registration:
Australia
Regulatory Status:
Lots of ComplaintsCustomer Service Email Address:
--Customer Service Phone Number:
--Company summary
Horse Group was founded in 2010 and has a global presence with companies in various fields such as equestrian clubs, research, finance, etc. Horseforex Pty Limited was founded in 2016 and officially entered the Chinese market in 2017. The broker is currently regulated offshore by the Financial Services Commission (FSC) of Mauritius (Regulatory Certificate No. C118023277) and holds a license from the Dubai Multi Commodities Centre (DMCC) (License No. DMCC-711698). About MoreWarning: Low score, please stay away!
Previous Detection: 2021.06.19 Risk: 8 Item
Exhibition Area
Survey
MT4/5
Website
Genealogy
Clones
Keywords
Time Machine
Score
Total Margin
Active Trading
New User
Stop Out Rate
Total Profit
Total Transaction
Spread cost
Net Deposit
Net Withdraw
Delivery Index
Market Analysis
Material Delivery
Brand Launch
Search Source
External Chain Proportion
External Chain Summary
Language
I’ve invested over $60,000 since November 2019 and withdrawn over $10,000. Now there is still $16,000. And there is over $1,300 in my commission account. And withdrawals won’t be processed since May 16, 2021. At the beginning, they replied to me that they were changing the deposit channel of the digital currency. Now they just ignored me. Unable to access to customer center. They are not afraid of breaking laws?
FXCVXcky1192
2021/06/18
China
I registered on this platform when Mahui was separated from Aushui in 2019. During this period, I have been losing money for nearly two years until May 2021, and I have been losing money continuously during the period. The total deposit is about 13,000 US dollars. On 5.19, because of the short position in Bitcoin and Ethereum, the previous losses were earned back. Then I applied for a withdrawal of US$3,000 in the background on 5.20. On 5.21, the Mahui platform sent an email saying that the withdrawal request had been approved. During the period, the account has not arrived. On 5.23, Ma Hui emailed me saying that I had violated the rules, what arbitrage robots I used, and profited by delaying the quotation. My MT4 account was blocked directly, and I was also forbidden to log in in the background. I contacted Ma Hui and asked them to take out my transaction list and provide evidence of my violation. Ma Hui did not respond. If I could use these, would I lose two years before using it? Could it be that Ma Hui can only lose money, not earn money? Loss is correct operation? And what I pay out is still my own principal. Isn't that all right? From 5.23 till now, I contacted Ma Hui every day and contacted the customer service, but the account manager did not respond. Do you just want to eat the client's principal directly like this? Ma Hui, pay back my principal and hard-earned money.
FXFDFvdi2023
2021/06/16
China
Horseforex banned the account when he made a profit. The salesperson had blocked him, and the email did not reply. It was impossible to contact anyone related to Horseforex, spamming the black platform.
FXIFWlkv3455
2021/06/15
China
On the morning of May 25 this year, I applied for a withdrawal of US$932.23, and then I received an email that passed the review in the afternoon (Figure 1), but I never paid. I looked for customer service feedback, but kept dragging, saying that the domestic digital currency exchange channel is prohibited, allowing customers to deposit and withdraw through digital currency, and then I registered a digital currency website as required and gave the USDT wallet address, and the customer service came I have to wait for another week (Figures 2, 3, and 4 are screenshots of communicating with customer service), but now I can’t even access the login webpage, big liar!
FXQOMxli6651
2021/06/15
China
I registered on this platform when Mahui was separated from Aushui in 2019. During this period, I have been losing money for nearly two years until May 2021, and I have been losing money continuously during the period. The total deposit is about 13,000 US dollars. On 5.19, because of the short position in Bitcoin and Ethereum, the previous losses were earned back. Then I applied for withdrawal in the background on 5.20, and on 5.21, Mahui platform sent an email saying that the withdrawal request had been approved. During the period, the account has not arrived. On 5.23, Ma Hui emailed me saying that I had violated the rules, what arbitrage robots I used, and profited by delaying the quotation. My MT4 account was blocked directly, and I was also forbidden to log in in the background. I contacted Ma Hui and asked them to take out my transaction list and provide evidence of my violation. Ma Hui did not respond. If I could use these, would I lose two years before using it? Could it be that Ma Hui can only lose money, not earn money? Loss is correct operation? And what I pay out is still my own principal. Isn't that all right? From 5.23 till now, I contacted Ma Hui every day and contacted the customer service. There was no response, and the account manager did not reply. Ma Hui, pay back my principal and hard-earned money.
FXFDFvdi2023
2021/06/15
China
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
UnsubscribedLicense Type:
Appointed Representative(AR)Regulated in Country/Area
Australia
Regulatory License No.：
001276032Email Address of Licensed Institution :
george@alphasecurities.com.auLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
2019-09-01Address of Licensed Institution :
--Phone Number of Licensed Institution :
1300 316 357Licensed Institution Certified Documents :
Horseforex ASIC AR牌照 View Certified Documents Alpha Securities AFCA20200522更新 View Certified Documents 马汇 ASIC监管截图更新20200320 View Certified Documents
The Financial Service Providers Register (FSPR) has been established under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. FSPR is a searchable register of people, businesses and organisations that provide financial services in New Zealand. It enables over-the-counter brokerage firms that are unregulated, as well as new start-ups, to gain customer confidence and credibility, without the worry of complying with regulatory barriers imposed in a number of other countries.
Current Status:
RevokedLicense Type:
Financial Service CorporateRegulated in Country/Area
New Zealand
Regulatory License No.：
672971Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
2020-09-03Address of Licensed Institution :
Level 3, 292 Church Street Palmerston North Palmerston North 4410Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
Horseforex FSP牌照 View Certified Documents Horseforex FSCL 页面 View Certified Documents HORSE GROUP FSP20200915更新 View Certified Documents
National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
Current Status:
UnauthorizedLicense Type:
Common Financial Service LicenseRegulated in Country/Area
United States
Regulatory License No.：
0535400Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
马汇 NFA监管 View Certified Documents
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
Suspicious CloneLicense Type:
Common Financial Service LicenseRegulated in Country/Area
Australia
Regulatory License No.：
330757Email Address of Licensed Institution :
george@alphasecurities.com.auLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Suite 301, 10 Bridge Street, SYDNEY NSW 2000Phone Number of Licensed Institution :
02 9299 9270Licensed Institution Certified Documents :
Alpha Securities Pty ASIC监管信息截图 View Certified Documents 1 View Certified Documents ALPHA SECURITIES AFCA20200812更新 View Certified Documents 假冒阿尔法证券 afca投诉页面 View Certified Documents
Identification Result
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WIKI Research
2021.06.19 updated
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Basic Information & Regulators of Horseforex
Horse Group was founded in 2010 and has a global presence with companies in various fields such as equestrian clubs, research, finance, etc. Horseforex Pty Limited was founded in 2016 and officially entered the Chinese market in 2017. The broker is currently regulated offshore by the Financial Services Commission (FSC) of Mauritius (Regulatory Certificate No. C118023277) and holds a license from the Dubai Multi Commodities Centre (DMCC) (License No. DMCC-711698).
Safety Analysis of Horseforex
Horse Forex claims to be regulated by the DMCC, but the DMCC is not a regulatory body. Additionally, the trader is only regulated by the Mauritius Financial Services Commission, which is not a mainstream regulator. Therefore investors should take careful consideration when choosing this trading broker.
Market Instruments
DMCC provides investors with popular trading products in the global financial markets, mainly foreign exchange, commodities (natural gas, copper, cotton, sugar, crude oil), rare metals, indices, stocks, cryptocurrencies (Bitcoin, Litecoin, Dashcoin, Ripple, Ethereum).
Leverage & Account
Both accounts have a minimum deposit of $50 and are available with leverage of 1:30, 1:40, 1:100, 1:200, 1:400 for traders to choose from.
Spreads & Commission Fees of Horseforex
The main spreads for Forex products: the average spread for EURUSD is 0.2 pips, the average spread for EURGBP is 0.6 pips, and the average spread for GBPUSD is 0.6 pips. The main spreads of metal products: the average spread of gold dollar is 1.3 pips, the average spread of silver dollar is 3.6 pips. Main spreads for commodities: 1.5 pips for Natural Gas, 2.6 pips for Brent Crude Oil, and 2.4 pips for West Texas Crude Oil. Main spreads for index products: 26.0 points for the German 30, 26.0 points for the Nasdaq, and 40.0 points for the Hong Kong Hang Seng. Main spreads for stocks: Apple's average spread was 7.0, Amazon's average spread was 80.0, and Facebook's spread was 5.0. Cryptocurrency spreads: Litecoin has an average spread of 316.0, Ripple has an average spread of 320.0, and Bitcoin has an average spread of 2400.0.
Trading Platform Applied
HorseFX provides traders with MT4, MT5, MT Apple Mobile, MT Apple PC, and MT Android Mobile trading platforms.
Deposit & Withdrawal of Horseforex
Forex offers traders a wide range of convenient and efficient ways to deposit and withdraw funds, including UnionPay, Alipay, Digital Currency, Wire Transfer, PayPal, WeChat, Visa, Skrill/NETELLER, ZOTAPAY, Perfect Money, etc.
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You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.
Official Email：wikifx001@163.com；
Feedback WeChat:fxeye005, fxeye003
Customer Service Phone Number：（HK）+00852 54200870
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License or other information error correction, please send the information to:qawikifx@163.com;
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The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
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