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

Horseforex

Australia|5-10 years|
Regulated in Australia|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|New Zealand Financial Service Corporate Revoked|Suspicious Overrun|High potential risk|

https://www.horsegroup.top/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
Ausinvest-Live MT4
Server Location United States

Contact

support@horseforex.com
https://www.horsegroup.top/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Broker Information

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Company Name

Horseforex PTY Limited

Company Abbreviation

Horseforex

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 8
Previous Detection : 2024-03-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 94 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to withdraw

Unable to withdraw after profiting

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.

2021-06-15 20:47
Resolved

Unable to withdraw funds or contact the staff in Horseforex. Close my account

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.

2021-06-15 16:35
Unable to withdraw

Unable to withdraw

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?

2021-06-18 13:36
Unable to withdraw

Unable to withdraw in Horseforex. Close my account. Out of contact

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.

2021-06-16 19:34
Unable to withdraw

I've applied for withdrawal for nearly 20 days

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!

2021-06-15 18:06
Unable to withdraw

Horseforex give my money back

I registered on this platform when Horseforex was just separated 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 back end on 5.20. On 5.21, the Horseforex platform sent an email saying that the withdrawal request had been approved. During the period, the account has not arrived. On 5.23, Horseforex emailed me saying that I had violated the rules, that I have used arbitrage robots, and profited by delaying the quotation. My MT4 account was blocked directly, and I was also forbidden to log in in the back end. I contacted Horseforex and asked them to take out my transaction list and provide evidence of my violation. Horseforex did not respond. If I could use these, would I lose two years before using it? Could it be that Horseforex can only lose money, not earn money, and if it makes money, it is an illegal operation? 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 contact Horseforex every day without any response. Do you just want to eat the client's principal directly like this? Horseforex, pay back my principal and hard-earned money.

2021-07-08 19:51

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • HoChiMinh
    • 403***
    • GBPUSD
    • 03-06 09:30:00
    • Shanghai
    • 731***
    • XAUUSD
    • 04-13 15:56:23
    • BeiJing
    • 265***
    • EURUSD
    • 02-02 11:21:22

    Stop Out

    0.84%

    Stop Out Symbol Distribution

    6 months

    Sources

    Horseforex · Company Summary

    Company Summary

    Company profile

    General Information & Regulation

    Horse Forex is the trading name of Horse Group Limited, which was founded in 2010 and has a global presence with companies in various fields such as equestrian clubs, research, finance, etc. Horse Group Limited 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.

    Market Instruments

    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).

    Minimum Deposit

    There are two trading accounts on offer: the STP and the ECN accounts. The minimum initial deposit for both accounts is $50, quite reasonable compared with many other brokers who requires an intial deposit of $200~$500.

    Horse Forex Leverage

    In terms of trading leverage, the maximum leverage offered by Horseforex is up to 1:400, which is considered high. Using such high leverage level is risky, especially for inexperienced traders.

    Spreads & Commissions

    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.

    Horse Forex Trading Platform

    Horse Forex supports both MetaQuotes platforms – the MetaTrader4 and the MetaTrader5. Those two share a lot of similarities, most of which are highly praised by the forex community: the top-notch charting and market analysis tools, the support of automated trading bots (Expert Advisors), the customization options, and more.

    Deposit & Withdrawal

    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.

    User Reviews

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    User comment

    3

    Comments

    Write a review

    陌生人9267
    more than one year
    Do not trade with Horseforex! Totally a scam company. They rejected my withdrawal request for various reasons. They also claimed to freeze my account to investigate my alleged suspicious behavior.
    2022-11-28 17:21
    Reply
    0
    0
    海纳百川21498
    more than one year
    Can’t log in to the website and platform of Horseforex. There has been no reply to the email I sent, and I feel worried every day. Whether this broker will have gone away with money or not?
    2022-11-25 18:57
    Reply
    0
    0
    FX1059527891
    more than one year
    This platform has cheated me, and they owe me $2,000. Now their official website cannot be opened, with support team unreachable, I didn’t know how to get my money back. Now you can see, this broker is just an unregulated one.
    2022-11-25 16:22
    Reply
    0
    0
    99+
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