HTFX Limited is an emerging cryptocurrency broker established in 2024, primarily offering investors trading services in financial derivatives such as foreign exchange, stocks, futures, energy, precious metals, and cryptocurrencies. This broker provides its services through the MetaTrader 5 (MT5) trading platform.
Company Background:
HTFX Limited claims to be a cryptocurrency broker headquartered in London, UK, founded by a team of senior quantitative traders from Wall Street, Japan, and Europe. However, there is no record of this broker in the UK company registration search, and there is a lack of evidence regarding the team's establishment. In addition, the content and design of the broker's website are highly similar to those of Unisnfx, XCY Global Ltd, BCC markets limited, CPT Limited, Maxtra Financial Limited, and GYG INVESTMENT LTD. The official website domain of HTFX Limited was registered on March 20, 2024, making it relatively new.
Regulatory Status:
HTFX Limited claims on its official website that it is headquartered in London and regulated by the Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury, and holds a financial license. Additionally, the broker also claims to be registered with the National Futures Association (NFA) and FinCEN in the United States. However, after verification, FinCEN and the NFA have not found any registration entity named HTFX Limited.
HTFX Limited has used false regulatory information for promotion. Such false advertising by the broker may deceive and mislead investors because they might make investment decisions based on the false regulatory information, and their funds may lack regulatory protection in reality.
Trading Software:
HTFX Limited provides a MetaTrader 5 (MT5) trading platform for contract for difference (CFD) trading, which supports downloading on mobile devices. CFD trading carries certain risks, and investors should control the leverage effect, assess market volatility, formulate good money management strategies, and choose high liquidity trading varieties when participating. Careful trading decisions and effective risk management can help investors reduce losses and achieve investment goals.
Account Registration:
HTFX Limited is a broker focused on financial investment services and also provides a cryptocurrency trading platform. The registration process is relatively simple, with users able to visit the official website and click the registration button to access the registration page. During the registration process, users need to provide personal information such as their name, contact details, and email. The platform emphasizes the importance of ensuring the accuracy of information to successfully complete the registration. Once the application is submitted, users can successfully register an account and start using the services provided by the platform.
Trading Account Information:
HTFX Limited's official website only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes, while not publishing details on account types, trading commissions, minimum/maximum trade sizes, maximum positions/orders, and minimum price precision.
- Spread: Variable from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Deposit and Withdrawal Methods:
HTFX Limited does not clearly disclose its supported deposit and withdrawal methods, fees, and minimum deposit and withdrawal amounts on its official website.
Conclusion:
HTFX Limited is a scam website with opaque registration and regulatory information, and suspected of false advertising. The broker's contact information is extremely limited, and its website's design and content are highly similar to websites like Unisnfx, XCY Global Ltd, and BCC markets limited, suggesting the use of the same template. Investors are advised to opt for brokers with transparent information and robust regulation for their investment trading activities to avoid unnecessary losses to their property.
Currently, HTFX Limited is marked as "suspected fraud" on TraderKnows.
