HYANB Group is a forex broker established in the United Kingdom, primarily providing investors with trading services in forex, precious metals, crude oil, stocks, and indices. The company's official website supports Simplified Chinese, Traditional Chinese, English, German, French, Russian, Japanese, Korean, Thai, and Arabic as the languages of use. Additionally, the account registration page on HYANB Group's official website only supports English as the language of use.
Corporate Background:
According to the information on HYANB Group's official website, the company is registered in the United Kingdom. However, no registration information related to this company can be found on the website of Companies House in the UK, indicating that the information about the company's registration in the United Kingdom is false. Moreover, a Whois search of the website's domain name registration information shows that the domain name of the company's official website was registered on October 14, 2023, meaning the domain registration is less than 1 year old.
Account Registration:
Information on the HYANB Group's official website indicates that the company provides links for investors to register real accounts. The method to register a real account is as follows: click “Register” at the top right corner of the HYANB Group official website or on the left side of the homepage, enter the account login page and click “Haven't registered an account yet? Register Now”, fill in your Email and Email verification code, password, then click Register, and subsequently click “User Center” to fill in your name and upload identity proof documents to complete the registration for a real account. The account registration page on HYANB Group's official website only supports English as the language of use. However, HYANB Group's official website does not provide a link for registering a demo account.
Account Types:
HYANB Group's official website does not provide information on the types of trading accounts.
Trading Products:
Although HYANB Group displays on its official website and user center that the company provides trading services in forex, precious metals, crude oil, stocks, and indices, and lists the specific trading products covered, it does not provide detailed information on commissions, spreads, minimum trading units, maximum trading units, overnight interest rates, etc.
Margin Ratios:
HYANB Group's official website does not provide information on the margin (leverage) ratios for the specific trading products covered in forex, precious metals, crude oil, stocks, and indices.
Trading Hours:
HYANB Group's official website does not provide trading hours information for the specific trading products covered in forex, precious metals, crude oil, stocks, and indices.
Deposits and Withdrawals:
HYANB Group's official website neither provides information on supported deposit and withdrawal methods and channels, supported currencies, nor fees and timing for deposits and withdrawals.
Trading Software:
Although HYANB Group displays on its official website the trading software it offers to investors, supporting desktop (Windows) and mobile (iOS/Android) versions, it does not provide the name of the trading software.
Other Services:
Information on HYANB Group's official website shows that the company provides an economic calendar service, which allows investors to understand economic data or financial events that have occurred or are about to occur in the financial markets.
Regulatory Information:
Information on HYANB Group's official website shows that the company holds a Money Services Business license (MSB license) from the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury. However, a search of the MSB registration number on the FinCEN website shows that the registration number belongs to GLFXM GLOBAL FOREX LIMITED, and that the company has misused the information of the MSB license held by GLFXM GLOBAL FOREX LIMITED at FinCEN.
Summary:
HYANB Group is suspected of fraud. On one hand, HYANB Group's official website states it is registered in the United Kingdom, but no registration information related to this company can be found on the website of Companies House in the UK. On the other hand, HYANB Group's official website states that it holds a Money Services Business license (MSB license) from the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury. However, a search of the MSB registration number on the FinCEN website shows that the registration number belongs to GLFXM GLOBAL FOREX LIMITED, indicating that the company has misused the information of the MSB license held by GLFXM GLOBAL FOREX LIMITED at FinCEN. Based on this information, HYANB Group is suspected of fraud, and investors should be cautious when choosing the services provided by this company. The Traderknows reminds you to be aware of your asset safety and avoid falling into fraud traps.
