Score

1.58 /10
Danger

HF

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Hong Kong Dealing in securities Revoked

Suspicious Overrun

High potential risk

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.56

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
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Single Core

1G

40G

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Broker Information

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Company Name

汇福证券及期货有限公司

Company Abbreviation

HF

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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HF · Company summary
Key Information Details
Company Name HF Securities and Futures Limited
Years of Establishment 5-10 Years
Headquarters Hong Kong
Office Locations N/A
Regulation/Licenses Unregulated
Tradable Assets N/A
Account Types N/A
Minimum Deposit N/A
Leverage N/A
Spread N/A
Deposit/Withdrawal N/A
Trading Platforms N/A
Customer Support Phone Number, Email

Overview of HF

HF Securities and Futures Limited is an unregulated company based in Hong Kong. Established within the last 5 to 10 years, the company provides financial services in the field of securities and futures trading. While specific details about their tradable assets, account types, minimum deposit requirements, leverage options, and spread information are not available, it is important to note that the company lacks regulatory oversight.

HF Securities and Futures Limited's headquarters is located in Hong Kong, but no information about their office locations is provided. As an unregulated entity, the company operates without the oversight and supervision of a regulatory authority. This may raise concerns regarding the level of protection and accountability afforded to clients who choose to engage with the company's services.

While the company does offer customer support through a provided phone number and email address, comprehensive information about the range of services, trading platforms, educational content, and bonus offerings is not available. The limited information provided raises questions about the transparency and clarity of the company's operations, potentially impacting its reputation and making it difficult for potential clients to fully understand the services they offer.

basic-info

Regulation

HF Securities and Futures Limited was regulated by the Securities and Futures Commission of Hong Kong under license number BFA119. This license pertained to the company's dealing in securities. However, according to the provided information, the current status of the license is revoked. The revocation of the license indicates that the regulatory authority has taken action to withdraw the company's authorization to operate as a securities dealer. This revocation signifies that HF Securities and Futures Limited no longer holds the necessary regulatory approval to engage in securities trading activities. The absence of a valid license raises concerns about the company's compliance with regulatory standards, potentially impacting its credibility and the level of protection provided to clients.

regulation

Risk Warning

HF Securities and Futures Limited operates without current regulatory oversight, as its license from the Securities and Futures Commission of Hong Kong has been revoked. Engaging with an unregulated entity carries inherent risks and disadvantages that potential clients should carefully consider. The lack of regulatory supervision means that there is no external authority monitoring the company's activities, potentially leading to a higher level of uncertainty and reduced investor protection.

Pros and Cons

HF Securities and Futures Limited has established its presence in Hong Kong for approximately 5-10 years, indicating a certain level of experience in the industry. The company offers financial services in the field of securities and futures trading, providing potential opportunities for clients interested in these investment instruments. Additionally, the company provides customer support through a provided phone number and email address, allowing clients to seek assistance or address any concerns they may have.

The major disadvantage of HF Securities and Futures Limited is its lack of regulation and the revoked license by the Securities and Futures Commission of Hong Kong. The absence of regulatory oversight raises concerns about the company's compliance with industry standards, investor protection, and transparency of operations. Clients face increased risks and limited recourse in case of disputes or malpractices. Moreover, the company's website provides little information about account types, minimum deposit requirements, leverage options, spread details, deposit/withdrawal methods, and available trading platforms, which can hinder clients' ability to make informed decisions and assess the suitability of the company's services.

Pros Cons
Established presence Lack of regulation and revoked license
Offers securities and futures trading services Limited information provided on website
Provides customer support Potential risks and limited recourse for clients
Lack of transparency and compliance with industry standards

Ambiguous Website

The website of HF Securities and Futures Limited appears to provide limited information regarding various important aspects such as account types, minimum deposit requirements, leverage options, spread details, deposit and withdrawal methods, and available trading platforms. This lack of information can have implications for the clarity and reputation of the company.

By not providing clear details about the different account types, potential customers may find it difficult to understand and choose the most suitable option that aligns with their trading preferences and investment goals. The absence of minimum deposit requirements creates uncertainty about the initial amount needed to open an account, making it challenging for prospective clients to plan their investments accordingly.

Overall, the scarcity of information on account types, minimum deposit requirements, leverage, spreads, deposit/withdrawal methods, and trading platforms can negatively impact the clarity and reputation of HF Securities and Futures Limited. This lack of transparency may lead potential customers to question the company's credibility and choose alternative brokers or investment firms that provide more comprehensive and transparent information.

website

Customer Feedback

According to the provided information, a customer expressed dissatisfaction with HF Securities and Futures Limited regarding difficulties in withdrawing funds. The customer reported encountering issues for a week without successful withdrawal, leading to a loss of trust in the company. Additionally, there was a previous negative experience shared about an employee of HF from India, who was described as having poor trading skills and blocking the customer after a significant financial loss in 2018. It is advised to exercise caution when dealing with this company as the employees actions represent the activities the company conducts itself with.

Customer Service

HF Securities and Futures Limited offers customer support through phone and email channels. Customers can reach their support team by the following:

Phone Support: Customers can reach HF Securities and Futures Limited's customer support team by calling the provided phone number, +852 3692 4248. This direct communication channel allows clients to seek assistance, ask questions, or address any concerns they may have regarding the company's services or their accounts.

Email Support: Another customer support option offered by the company is through email. Clients can reach out to the customer support team by sending an email to hfsf.cs@hf-group.com.hk. This method allows for written communication, giving customers the opportunity to detail their queries or issues in writing and receive a response from the company's representatives.

customer-support

Conclusion

In conclusion, HF Securities and Futures Limited is an unregulated company that has been operating in Hong Kong for around 5-10 years. The company provides financial services in securities and futures trading but lacks detailed information about its tradable assets, account types, deposit requirements, leverage options, spread details, deposit/withdrawal methods, and available trading platforms.

The regulatory status of the company's license has been revoked by the Securities and Futures Commission of Hong Kong, raising concerns about compliance with industry standards and investor protection. It is crucial for potential clients to exercise caution and carefully evaluate the risks associated with engaging with an unregulated company that lacks transparency and regulatory oversight. Considering alternative options that offer regulatory supervision and transparent information is advisable for a more secure and reliable trading experience.

FAQs

Q: How long has HF Securities and Futures Limited been operating in Hong Kong?

A: The company has been established for approximately 5-10 years in Hong Kong.

Q: Are there any office locations provided by HF Securities and Futures Limited?

A: No specific office locations are mentioned in the available information.

Q: Is HF Securities and Futures Limited regulated?

A: No, the company operates as an unregulated entity.

Q: What are the available customer support options?

A: Customers can reach the company's support team through phone and email channels.

Q: Is there information available about the company's tradable assets and account types?

A: Unfortunately, specific details about tradable assets and account types are not provided.

Q: What is the regulatory status of HF Securities and Futures Limited?

A: The company's license has been revoked by the Securities and Futures Commission of Hong Kong.

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