HCFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-31 10:53

Abstract：HCFX is a brokerage firm that offers a diverse range of trading instruments across multiple asset classes. To facilitate efficient and seamless trading, HCFX offers the MT5 trading platform to its clients. While it is important to note that HCFX's regulatory status is currently facing challenges and it operates without valid regulation from authoritative bodies.

　　Note: HCFX's official website: https://en.hcfx.com/ is currently inaccessible normally.

HCFX Review Summary
Founded	2006
Registered Country/Region	United States
Regulation	FSPR (Exceeded) and NFA (Unauthorized)
Market Instruments	Forex, metals, crypto, indices, commodities, shares and cryptocurrencies
Demo Account	Yes
Leverage	Up to 1: 1000
Spread	Starting from 1.5 pips
Trading Platform	MT5
Min Deposit	$20
Customer Support	00852-35902333
Customer Support	customerservice@hcfx.com

HCFX Information

　　HCFX is a brokerage firm that offers many trading instruments across multiple asset classes including forex, metals, crypto, indices, commodities, shares, and cryptocurrencies. It provides both Standard accounts and free demo accounts through MetaTrader 5 with high leverage up to 1:1000 and spreads starting from 1.5 pips.

Pros and Cons

Pros	Cons
Supports MetaTrader 5	FSPR (Exceeded) and NFA (Unauthorized)
High leverage up to 1:1000
A low minimum deposit of $20

Is HCFX Legit?

　　HCFX was a Financial Service Corporation regulated by the Financial Service Providers Register (FSPR) in New Zealand with a license number of 646029. But the license is revoked now.

　　Besides, HCFX once had a Common Financial Service License regulated by the National Futures Association (NFA) in the United States with a license number of 0508498. But it is unauthorized.

Regulatory Status	Revoked
Regulated by	The Financial Service Providers Register (FSPR)
Licensed Institution	HC HOLDINGS GROUP LIMITED
Licensed Type	Financial Service Corporate
Licensed Number	646029

Regulatory Status	Unauthorized
Regulated by	National Futures Association (NFA)
Licensed Institution	H C INFOMATION TECHNOLOGY CO LIMITED
Licensed Type	Common Financial Service License
Licensed Number	0508498

What Can I Trade on HCFX?

　　HCFX offers many trading instruments across different asset classes, including forex, metals, crypto, indices, commodities, shares, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Metals	✔
Indices	✔
Cryptocurrency	✔
Shares	✔
Stock	❌

Account Type

　　HCFX offers both Standard accounts, which require a minimum deposit of $20, and free demo accounts for traders.

HCFX Fees

　　HCFX provides spreads starting from 1.5 pips. The company does not charge any commissions for trading pairs, metals, indices, commodities, and stocks. But the commission rate for cryptocurrencies is 0.8% per lot.