Abstract:CryptoFxTrade HFx-247, a trading name of CryptoFxTrade HFx-247 Ltd, is allegedly a crypto and forex broker registered in Saint Vincent and the Grenadines.
Note: CryptoFxTrade HFx-247 is to operate via the website - https://cryptofxtradehfx-247.com/index.php, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
CryptoFxTrade HFx-247, a trading name of CryptoFxTrade HFx-247 Ltd, is allegedly a crypto and forex broker registered in Saint Vincent and the Grenadines.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.
As for regulation, it has been verified that CryptoFxTrade HFx-247 currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.19/10. Please be aware of the risk.
Market Instruments
As the brokers name implies, CryptoFxTrade HFx-247 appears to specialize in cryptocurrency and forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Customer Support
CryptoFxTrade HFx-247‘s customer support can be reached by telephone: +15168565891, email: support@cryptofxtradehfx-247.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Pros | Cons |
N/A | • No regulation |
• Website inaccessible |
Frequently Asked Questions (FAQs)
Q 1: | Is CryptoFxTrade HFx-247 regulated? |
A 1: | No. It has been verified that CryptoFxTrade HFx-247 currently has no valid regulation. |
Q 2: | Is CryptoFxTrade HFx-247 a good broker for beginners? |
A 2: | No. CryptoFxTrade HFx-247 is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. |
TD Securities was fined $15M for manipulating the U.S. Treasury market through an illegal spoofing strategy. SEC and DOJ impose penalties for broker-dealer failures.
The foreign exchange (forex) market is a highly dynamic arena, where global events significantly shape market trends and prices. In this fast-paced environment, both traders and brokers must stay attuned to major economic indicators and geopolitical shifts. Key factors like interest rate decisions, employment reports, and political developments not only affect currency prices but also impact broker offerings, spreads, and volatility. Understanding how brokers respond to global events is crucial for traders aiming to navigate the market more effectively.
Saxo Bank closes its Hong Kong and Shanghai offices, shifting focus to Singapore as geopolitical and business changes impact its strategy in the Asia-Pacific.
This article outlines he most recent list of unlicensed brokers flagged by the FCA from September 23 to 27.