Hope Fluent Ltd is a forex broker established in 2024, primarily offering investors trading services in financial derivatives such as foreign exchange, commodities, stocks, and cryptocurrencies. The transparency of information on its official website is poor, lacking key information such as the minimum deposit amount, spreads, leverage ratios, and account types.
Company Background:
Hope Fluent Ltd is a company registered in 2024, headquartered in Saint Lucia with its registered address at The Sotheby Building Rodney Bay Gros-Islet Saint Lucia, registration number 2024-00023. As an emerging broker, the firm provides investors with diverse trading options covering currency pairs, commodities, stocks, and cryptocurrencies.
Despite providing its registration address and number on its official website, its registration information has yet to be verified on the Saint Lucia company registry website, which might suggest false promotion of its registration information. Additionally, the broker's official domain was registered on February 8, 2024, indicating a short establishment period of just two months. Investors are advised to proceed with caution when opting for this broker's services.
Regulatory Information:
Hope Fluent Ltd holds a Money Services Business (MSB) license issued by the United States Financial Crimes Enforcement Network (FinCEN), with the regulatory number 31000266709740. The institution's primary role is to ensure compliance with the Bank Secrecy Act (BSA) to prevent and mitigate money laundering, terrorism financing, and other illegal activities. Although Hope Fluent Ltd offers forex and related services, it is not regulated. This means that investors need to carefully consider when choosing to trade with this platform and should be knowledgeable about the platform's regulatory status.
Trading Products:
This broker offers trading services in forex, commodities, stocks, and cryptocurrencies. For stock trading, investors can receive support from a professional team specializing in trading US stocks, including the NASDAQ, Dow Jones, and S&P 500 indexes. For commodities trading, buyers and sellers can easily trade among a vast range of transactions without the need to exchange physical goods. Moreover, the broker also provides access to these platforms, enabling investors to invest across various financial instruments, including cryptocurrencies and traditional stocks. However, it is important to note that specific trading conditions, trading hours, spreads, and other product information are not provided. Investors should seek to understand these critical trading details before opting to trade on this platform.
Account Registration:
To register an account, go to its official website and click on the "Open an Account" option. On the registration page, fill in basic information including account name, email address, set a password, and personal identification information. After successful registration, you can log in with the provided email and password. However, specific details such as the minimum deposit amount, spreads, leverage ratios, and account types are currently not provided. Further understanding of these crucial trading details might be necessary before registering an account, to make a decision that aligns with your investment needs.
Trading Platform:
The broker has not disclosed information about its trading platform. Generally, brokers might use well-known trading platforms like MT4/MT5 or develop their own trading platform. However, due to the lack of specific information about its trading platform, investors are unable to obtain relevant details or evaluate its functionality, interface, execution speed, and other important details. Investors should remain vigilant and are advised to conduct a thorough investigation of its trading platform before deciding to trade with this broker.
Customer Support:
Customer support from this broker is primarily conducted through email. Investors can contact the broker by sending emails to info@hopelent.com for inquiries, consultations, or feedback. However, besides email, the broker does not offer other forms of customer support services like phone support, online chat, or online support request submission. The broker's customer support method is relatively simple, which might cause inconvenience to investors during use.
Conclusion:
Hope Fluent Ltd is a newly established forex broker, yet its forex and related services are not effectively regulated. When registering an account, it lacks key information such as the minimum deposit amount, spreads, leverage ratios, and account types. Additionally, the broker has not disclosed information on its trading platform, increasing investors' uncertainty. Hence, opting for this broker might entail a higher trading risk. Investors are advised to choose strictly regulated brokers to ensure the safety of their assets.
Currently, Hope Fluent Ltd is marked as "Suspected Fraud" on TraderKnows.
