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    Horseforex

    2-5 years
    |
    Regulated in Australia
    |
    Suspicious Regulatory License
    |
    MT4/5 full license
    Open an Account Online
    Trading software download
    MT4 Download
    MT5 Download
    VPS

    Rating

    0123456789
    .
    0123456789
    0123456789

     /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

    Licenses

    Australia Securities & Investment Commission

    Appointed Representative(AR)

    ASIC Unsubscribed

    Financial Service Providers Register

    Financial Service Corporate

    FSPR Revoked

    National Futures Association

    Common Financial Service License

    NFA Unauthorized

    Australia Securities & Investment Commission

    Common Financial Service License

    ASIC Suspicious Clone

    Overview

    • Company Name:

      Horseforex PTY Limited

    • Company Abbreviation:

      Horseforex

    • Place of registration:

      HorseforexAustralia

    • Regulatory Status:

      Lots of Complaints

    • Customer Service Email Address:

      --

    • Customer Service Phone Number:

      --

    • Company summary

      GeneralInformation&RegulationHorseForexisthetradingnameofHorseGroupLimited,whichwasfoundedin2010andhasaglobalpresencewithcompaniesinvariousfieldssuchasequestrianclubs,research,finance,etc.HorseGroupLimitediscurrentlyregulatedoffshorebytheFinancialServicesCommission(FSC)ofMauritius(RegulatoryCertificateNo.C118023277)andholdsalicensefromtheDubaiMultiCommoditiesCentre(DMCC),LicenseNo.DMCC-711698.MarketInstrumentsprovidesinvestorswithpopulartradingproductsintheglobalfinancialmarkets,mainlyforeignexchange,commodities(naturalgas,copper,cotton,sugar,crudeoil),raremetals,indices,stocks,cryptocurrencies(Bitcoin,Litecoin,Dashcoin,Ripple,Ethereum).MinimumDepositTherearetwotradingaccountsonoffer:theSTPandtheECNaccounts.Theminimuminitialdepositforbothaccountsis$50,quitereasonablecomparedwithmanyotherbrokerswhorequiresanintialdepositof$200~$500.HorseForexLeverageIntermsoftradingleverage,themaximumleverageofferedbyHorseforexisupto1:400,whichisconsideredhigh.Usingsuchhighleveragelevelisrisky,especiallyforinexperiencedtraders.Spreads&CommissionsThemainspreadsforForexproducts:theaveragespreadforEURUSDis0.2pips,theaveragespreadforEURGBPis0.6pips,andtheaveragespreadforGBPUSDis0.6pips.Themainspreadsofmetalproducts:theaveragespreadofgolddollaris1.3pips,theaveragespreadofsilverdollaris3.6pips.Mainspreadsforcommodities:1.5pipsforNaturalGas,2.6pipsforBrentCrudeOil,and2.4pipsforWestTexasCrudeOil.Mainspreadsforindexproducts:26.0pointsfortheGerman30,26.0pointsfortheNasdaq,and40.0pointsfortheHongKongHangSeng.Mainspreadsforstocks:Apple'saveragespreadwas7.0,Amazon'saveragespreadwas80.0,andFacebook'sspreadwas5.0.Cryptocurrencyspreads:Litecoinhasanaveragespreadof316.0,Ripplehasanaveragespreadof320.0,andBitcoinhasanaveragespreadof2400.0.HorseForexTradingPlatformHorseForexsupportsbothMetaQuotesplatforms–theMetaTrader4andtheMetaTrader5.Thosetwosharealotofsimilarities,mostofwhicharehighlypraisedbytheforexcommunity:thetop-notchchartingandmarketanalysistools,thesupportofautomatedtradingbots(ExpertAdvisors),thecustomizationoptions,andmore.Deposit&WithdrawalForexofferstradersawiderangeofconvenientandefficientwaystodepositandwithdrawfunds,includingUnionPay,Alipay,DigitalCurrency,WireTransfer,PayPal,WeChat,Visa,Skrill/NETELLER,ZOTAPAY,PerfectMoney,etc. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

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    Warning: Low score, please stay away!

    Previous Detection: 2021.09.19 Risk: 8 Item

    • The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!
    • The number of the complaints received by WikiFX have reached 93 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • AustraliaASIC (license number: 001276032) The regulatory status is abnormal, the official regulatory status is Unsubscribed, please be aware of the risk!
    • New ZealandFSPR (license number: 672971) The regulatory status is abnormal, the official regulatory status is Revoked, please be aware of the risk!
    • United StatesNFA (license number: 0535400) The regulatory status is abnormal, the official regulatory status is Unauthorized, please be aware of the risk!
    • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 672971)Financial Service Providers Register Non-Forex License, please be aware of the risk!
    • This broker exceeds the business scope regulated by United States NFA(license number: 0535400)National Futures Association-UNFX Non-Forex License, please be aware of the risk!
    • The AustraliaASIC regulatory (license number: 330757) claimed by this broker is a suspicious clone, please be aware of the risk!

    WikiFX Verification

    Transaction data

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    • Total Margin

    • Active Trading

    • New User

    • Stop Out Rate

    • Total Profit

    • Total lots

    • Spread Cost

    • Net Deposit

    • Net Withdraw

    Last Updated Time 2021-09

    WikiResearch

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Ad Brand

    • Search Source

    • External Chain Proportion

    • External Chain Summary

    • Language

    Last Updated Time 2021-09

    Brokers

    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    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.

    • Licensed Institution :

      HORSEFOREX PTY LTD

      Effective Date :

      2019-05-28

    • Email Address of Licensed Institution :

      george@alphasecurities.com.au

      License Type:

      No Sharing

    • Website of Licensed Institution :

      --

      Expiry Date :

      2019-09-01

    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      1300 316 357

    • Licensed 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
    Financial Service Providers Register

    Financial Service Providers Register (FSPR)

    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.

    • Licensed Institution :

      HORSE GROUP LIMITED

      Effective Date :

      2019-06-22

    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing

    • Website of Licensed Institution :

      --

      Expiry Date :

      2020-09-03

    • Address of Licensed Institution :

      Level 3, 292 Church Street Palmerston North Palmerston North 4410

      Phone 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

    National Futures Association (NFA)

    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.

    • Licensed Institution :

      HORSE GROUP CO LIMITED

      Effective Date :

      --

    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing

    • Website 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
    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    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.

    • Licensed Institution :

      ALPHA SECURITIES PTY LTD

      Effective Date :

      2008-11-06

    • Email Address of Licensed Institution :

      george@alphasecurities.com.au

      License Type:

      No Sharing

    • Website of Licensed Institution :

      --

      Expiry Date :

      --

    • Address of Licensed Institution :

      Suite 301, 10 Bridge Street, SYDNEY NSW 2000

      Phone Number of Licensed Institution :

      02 9299 9270

    • Licensed 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

    Horseforex · MT4/5

    Identification Result

      Horseforex · Website

      Most visited countries/areas

          No content

          No data

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          Horseforex· Genealogy

          Horseforex · Clones

          Horseforex · Market Analysis

          The data are from WIKI Research    2021.09.20 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
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          Data Sources WikiResearch 2021.09.20 Update

          Horseforex · Chart
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          Insufficient data samples

          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
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          Data Sources WikiResearch 2021.09.20 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          Horseforex
          * Contact number
          0086
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          *Reporting Reasons

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          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          Horseforex · Company summary

          　　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.

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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.

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          License or other information error correction, please send the information to:qawikifx@163.com;

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          Risk Warning

          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.