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Huigu Trading Platform Review: High Risk (Scam)

TraderKnows
TraderKnows
2023-12-05

Huigu is a forex broker registered and established in the United States. This article will conduct a comprehensive evaluation of Huigu from various perspectives, including corporate entity, domain registration, regulatory licenses, company employees, trading software, and trading products.

Huigu Overview

Huigu's registered corporate entity is Huigu Limited, with its office address located at 96 WADSWORTH BLVD NUM 127-3255 LAKEWOOD, CO 80226 U.S.A. The broker's official website indicates that Huigu is headquartered in Tulsa, Oklahoma, providing retail and commercial banking services in the central and southwestern United States. It claims to be one of the top 50 financial services companies in the U.S. and the largest in the state of Oklahoma.

Huigu

Domain Registration of Huigu

Huigu's official website domain is huigulimited.com, and as of December 5, 2023, the broker's website has been registered for less than four months.

Huigu

Is Huigu legHuiguit or a scam? Does Huigu have any regulatory licenses?

The broker states that it is regulated by the National Futures Association (NFA) in the United States, with regulatory number 0558557. Upon verification, it is found that Huigu is only a non-member of the National Futures Association (NFA) and is not subject to NFA regulation. Huigu, along with Varna Trade, RH Trade, Kaerm IM, HCapitalForex, Arlington Asset Investment Corp Ltd, among others, shares a highly similar website design, suggesting a potentially templated approach to creating multiple websites. These brokers are mostly registered with the Financial Crimes Enforcement Network (FinCEN) in the United States, and they are registered as non-member entities with the National Futures Association (NFA) to potentially mislead investors.

Huigu

Huigu

Website Template Quality of Huigu

The TNFL FX website employs a generic template. Upon verification by Traderknows, it has been discovered that this broker's website design bears a striking resemblance to several other brokerage websites, including Varna Trade, RH Trade, Kaerm IM, HCapitalForex, Arlington Asset Investment Corp Ltd, etc. These broker websites appear to be batch-produced.

huigu官网

Employees of Huigu

Traderknows was unable to find any information about the company's team members on public networks.

Trading Software Provided by Huigu

Huigu exclusively offers users a proprietary web-based trading platform. However, this trading platform has highly opaque rules, exposing users to potential manipulation of prices and slippage, along with the imposition of exorbitant trading fees.

Huigu

Is Huigu Involved in False Advertisement?

Huigu, like many other forex brokers, claims to be a partner of the internationally renowned analysis firm Trading Central. However, this information cannot be verified, suggesting potential false advertising regarding partnership information.

huigu的合作宣传

Online Reputation and Client Complaints:

Huigu Limited is accused of being a suspected scam. Reports indicate that the company deceives individuals by requesting payment for taxes, fines, or freezing accounts. After contacting overseas scammers, many individuals were introduced to Huigu Limited and fell victim to financial fraud.

huigu的相关舆情

Investor reports highlight a distinctive aspect of forex investment fraud involving Huigu Limited. The process of obtaining refunds from Huigu Limited is deemed unusually difficult compared to typical fraud cases. Victims have faced a variety of fraudulent tactics, including being compelled to make additional deposits and being required to pay fines, deposits, or taxes. Huigu Limited is identified as a high-risk investment platform, subjecting investors to a range of risks in the course of their investment endeavors.

huigu的相关舆情2

Trading Products Provided by Huigu

Huigu primarily offers CFD trading services for forex, stocks, indices, commodities, energy, and precious metals. The broker claims to provide low spreads and trading leverage ranging from 1:100 to 1:500. However, specific details regarding minimum deposit amounts, trading commissions, margin levels, stop-loss levels, minimum trade volumes, etc., are not clearly disclosed.

huigu的交易品种介绍

Huigu

Contact Information

This broker only supports email and lacks other contact methods such as phone and real-time chat.

Website Traffic of Huigu

Orfinex's website traffic is relatively low compared to larger brokers, and generally, lower traffic suggests fewer users for the company and a lack of corporate strength.

huigu的网站流量

Conclusion

Huigu is a forex broker not regulated by any supervisory authority. The broker has not disclosed crucial information regarding user fund security, corporate staff, and registration address. The clarity of Huigu's corporate entity registration information is questionable, and its official website shares a similar design template with several other brokers. Currently labeled as "Scam" on Traderknows, Huigu is recognized as a highly risky forex broker. Users are strongly advised to steer clear of this platform to prevent potential financial losses.

huigu(英)

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Wiki

Pig Butchering Scam

The 'Pig Butchering Scam' is a type of financial fraud that originated in Southeast Asia, but has now become prevalent globally. The name stems from the scammers' method of dealing with their victims: similar to raising pigs, they first 'fatten' them by building trust, and then 'slaughter' them by swindling away all their money.

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Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

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