They repeatedly asked for my address and ID proof, rejecting each submission I made (bank statements, utility bills, etc.). In the end, they have copies of all my documents, including my personal and confidential information, yet refused to open an account. I believe their intention is to collect and retain (possibly even sell) your private data. Don't waste your time, stay away from them, and avoid disclosing your personal information.

As per the information on the Internet, it appears that HKIF is not regulated and there are several red flags that should cause concern. There are various complaints online about the company and its misleading advertising practices. Therefore, it is important to stay away from such unregulated brokers and choose a more reliable and professional broker with a proven track record.