HEDGECENT is a forex broker registered on September 28, 2023, in the Union of the Comoros, mainly providing financial trading services such as forex, commodities, metals, stocks, indices, and cryptocurrencies to investors. The company's headquarters are located in Sofia, Bulgaria. The broker does not provide services to jurisdictions that may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to public information on the HEDGECENT official website, the enterprise entity registered in the Union of the Comoros is HEDGECENT LTD, with the company's registered address at Bonovo Road – Fomboni – Island of Mohéli – Comoros Union, and the specific office address is 7 Spas Sokolov Str., Fl:3, Manastirski Livadi, 1404 Sofia, Bulgaria.
Upon verification, an entity named HEDGECENT LTD is found registered with the Mwali International Services Authority (Comoros Union), registered as a brokerage firm with registration number T2023375. According to Whois information, the domain name of the broker's official website was registered on April 13, 2021. As of January 16, 2024, the broker has been registered for less than four months.
Opening an Account:
To open an account with HEDGECENT, visit the broker's official website and click "Open Account" in the upper right corner to enter the account registration interface, fill in personal information as requested and submit. The broker will send an email with a verification code to the user, who upon confirmation is automatically logged into the account. A full identity verification must be completed to make deposits and trade.
Account Types:
HEDGECENT offers four different types of real trading accounts to its users: Cent Account, Standard Account, ECN Account, Elite Account. Although the official website indicates the possibility to start a demo account, clicking on this option redirects back to the original page and does not work properly.
Cent Account:
- Initial minimum deposit amount: $10
- Account base currency: USD
- Minimum trading volume: 0.01 lots
- Maximum trading volume: 200 lots
- Margin call level: 50%
- Stop out level: 20%
- Trading commission: None
- Maximum leverage: 1:2000
- Negative balance protection: Provided
Standard Account:
- Initial minimum deposit amount: $100
- Account base currency: USD
- Minimum trading volume: 0.01 lots
- Maximum trading volume: Unlimited
- Margin call level: 50%
- Stop out level: 20%
- Trading commission: None
- Maximum leverage: 1:2000
- Negative balance protection: Provided
ECN Account:
- Initial minimum deposit amount: $1,000
- Account base currency: USD
- Minimum trading volume: 0.01 lots
- Maximum trading volume: Unlimited
- Margin call level: 50%
- Stop out level: 20%
- Trading commission: $10/lot
- Maximum leverage: 1:2000
- Negative balance protection: Provided
Elite Account:
- Initial minimum deposit amount: $10,000
- Account base currency: USD
- Minimum trading volume: 0.01 lots
- Maximum trading volume: Unlimited
- Margin call level: 50%
- Stop out level: 20%
- Trading commission: None
- Maximum leverage: 1:2000
- Negative balance protection: Provided
Trading Platform:
HEDGECENT provides the MT5 trading platform, with servers provided by HEDGECENT LTD. However, this broker only allows connection to existing trading accounts on the MT5 platform and does not facilitate the opening of demo accounts or new real accounts.
Deposits and Withdrawals:
The HEDGECENT official website does not disclose its supported methods of deposit and withdrawal.
Conclusion:
Traderknows reminds investors that HEDGECENT is under offshore regulation with very weak regulatory strength. Traderknows advises investors to choose brokers with strong regulation and good reputation for investment and trading activities, in order to avoid unnecessary losses to their assets.
Currently, this broker is marked as 'Suspected Scam' on Traderknows.
