Abstract: It is not the first time that we talk about HeHuan. This broker is an HK-based online forex broker that was newly established within 1 year. In today’s article, we will analyze the reliability of this broker from specific information, regulation, etc.
About HeHuan
HeHuan, also called HeHuan Global Limited, according to its website, it is a multi-award-winning, multi-asset British forex CFD broker, where customers around the world can trade forex, indices, and various commodities with high-quality trading conditions. HeHuan Global Limited is committed to building long-term relationships with clients. Although it claimed to be regulated in the United States, the physical address of this broker is Shop 8, 11/F, Wang Fai Industrial Building, 29 Liu Hop Street, San Po Kong, Kowloon, Hong Kong
Trading Platform of HeHuan
According to its website, this broker uses MT5 as its main trading platform. However, recently WikiFX received a complaint that HeHuan uses MT5 as a tool to manipulate clients trading processes.
Regulation: Is HeHuan legit?
HeHuan claimed itself to be regulated by the NFA with license number 0549477. However, according to WikiFX, The regulatory status of NFA with license number: 0549477 is abnormal, the official regulatory status is Unauthorized, Therefore, we can see that HeHuan is not legit. It does not hold a legitimate license. In addition, WikiFX has given this broker a very low rating of 1.37/10. Investing in an unregulated broker is more likely to cause you a heavy financial loss.
HeHuan and Natural Seven Limited both have similar website designs.
(HeHuan)
(NATURAL SEVEN LIMITED)
HeHuan website design has a lot of similarities with other unregulated brokers, such as NATURAL SEVEN LIMITED. If you want to know more details about NATURAL SEVEN LIMITED. You can check this article by clicking this link.
https://www.wikifx.com/en/newsdetail/202209022154131358.html
Record of Fraud
This broker currently has been accused by one investor of scams. This victim lost more than 22,000 AU dollars after investing in this broker. If you want to know more, dont hesitate to read the relevant article by clicking the link below.
https://www.wikifx.com/en/newsdetail/202207206194507619.html
Conclusion
HeHuan is not a broker we can easily trust. It is an unregulated broker with extremely low WikiFX score. Investing in this broker is risky as it already has a bad track of record for scam.
If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Click on HeHuan' WikiFX page for details
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