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Score

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HuiFeng

Canada|5-10 years|
Suspicious Overrun|High potential risk|

http://www.hf-international.com/en/

Website

Rating Index

Contact

+1 784 485 6124
trader@hf-international.com
http://www.hf-international.com/en/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+1 784 485 6124

Other ways of contact

Broker Information

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Company Name

HuiFeng Iternational

Abbreviation

HuiFeng

Platform registered country and region

Canada

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 6
Previous Detection : 2024-11-07
  • 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 3. Please be aware of the risk and the potential scam!
  • The United KingdomFCA regulation (license number: 677530) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 421210) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The New ZealandFSPR regulation (license number: 348606) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
A Visit to HuiFeng in UK -- Finding No Office

A Visit to HuiFeng in UK -- Finding No Office

The investigators went to London to visit the foreign exchange dealer HuiFeng as planned. They did not find the dealer’s office on the publicly displayed business address. The dealer might simply register the company here without real business premises. Please choose the dealer carefully.

Danger HuiFeng United Kingdom
A Visit to HuiFeng in Australia - Fake Address

A Visit to HuiFeng in Australia - Fake Address

It is ascertained by the investigation staff that the address of HuiFeng is inconsistent with that from the regulatory information. The broker’s alleged ASIC MM License(No.421210), FCA STP License(No.677530) and FSPR Financial Service Corporate License(No.348606) are suspected to be cloned licenses.

Danger HuiFeng Australia
Huifeng's New Zealand Office Address Does Not Exist

Huifeng's New Zealand Office Address Does Not Exist

It has been proved by the on-the-site investigation of the staff that the actual address of the New Zealand licensed broker HuiFeng is inconsistent with that declared by the supervision agency. The STP license (No. 677530), MM license (No. 421210) and the Financial Service Corporate License (No. 348606) issued by FCA, ASIC and FSPR respectively that the broker claims are suspicious of cloning.

Danger HuiFeng New Zealand
A Visit to HuiFeng in UK -- Finding No Office

A Visit to HuiFeng in UK -- Finding No Office

The investigators went to London to visit the foreign exchange dealer HuiFeng as planned. They did not find the dealer’s office on the publicly displayed business address. The dealer might simply register the company here without real business premises. Please choose the dealer carefully.

Danger HuiFeng United Kingdom
A Visit to HuiFeng in Australia - Fake Address

A Visit to HuiFeng in Australia - Fake Address

It is ascertained by the investigation staff that the address of HuiFeng is inconsistent with that from the regulatory information. The broker’s alleged ASIC MM License(No.421210), FCA STP License(No.677530) and FSPR Financial Service Corporate License(No.348606) are suspected to be cloned licenses.

Danger HuiFeng Australia
Huifeng's New Zealand Office Address Does Not Exist

Huifeng's New Zealand Office Address Does Not Exist

It has been proved by the on-the-site investigation of the staff that the actual address of the New Zealand licensed broker HuiFeng is inconsistent with that declared by the supervision agency. The STP license (No. 677530), MM license (No. 421210) and the Financial Service Corporate License (No. 348606) issued by FCA, ASIC and FSPR respectively that the broker claims are suspicious of cloning.

Danger HuiFeng New Zealand

WikiFX Verification

HuiFeng · WikiFX Survey
Danger A Visit to HuiFeng in UK -- Finding No Office
United Kingdom

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HuiFeng · Company Summary

Note: HuiFeng's official website: https://www.hf-international.com/en/ is currently inaccessible normally.

HuiFeng Information

HuiFeng is a financial company registered on Apri 11, 2023. Currently its website is not functional, even though we recorded opened website of this company, there's limited information available on its business scope, office location, trading conditions, etc. Through investigation we only found that the company's server locates in the United States and offers MT4 as trading platform with demo and live versions, but seems the software provided by HuiFeng is a pirated one.

The company can be contacted at telephone: +1 784 485 6124 and email: trader@hf-international.com.

HuiFeng's homepage

Is HuiFeng Legit?

HuiFeng claims to hold three regulatory licenses: an Australia Securities & Investment Commission (ASIC) license numbering 421210, an FCA (Financial Conduct Authority) license numbers at 677530 and an FSPR (Financial Service Providers Register) license with number 348606. However, all these licenses are suspected to be fake clone, indicating that the broker does not complay to any regulatory authority rule.

Financial Service Providers Register (FSPR)
Current StatusSuspicious Clone
Regulated by New Zealand
License TypeFinancial Service Corporate
License No.348606
Licensed InstitutionCharterprime Limited
Financial Conduct Authority (FCA)
Current StatusSuspicious Clone
Regulated by United Kingdom
License TypeStraight Through Processing(STP)
License No.677530
Licensed InstitutionGlobal Market Index Limited
Australia Securities & Investment Commission (ASIC)
Current StatusSuspicious Clone
Regulated by Australia
License TypeMarket Making(MM)
License No.421210
Licensed InstitutionHUIBAO GLOBAL MARKETS LIMITED

Downsides of HuiFeng

Unavailable website: Global Finance's website cannot be opened currently. We can't test their trading conditions and trading platforms.

Lack of transparency: The unavailable website and limited info through internet about the company leave traders in the dark about its current operational status and trading conditions.

Regulatory concerns: The suspicious clone regulation by three authorities FCA, ASIC and FSPR indicates nonexistent compliance to industry standards of the broker. This brings you great risks to trade with them.

Exposure on WikiFX about cheating: There is an exposure on WikiFX about the company's false propoganda and brought loss to customer. You should be cautious.

Pirated MT4 trading platform: Though the company provides MT4 trading platform in demo and live versions, the software was found to be pirate. It has high risks such as much more loopholes, inaccurate quotes and unreliable transactions.

Negative HuiFeng Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there is one piece of HuiFeng exposure in total, details as below:

Exposure. Cheat

ClassificationCheat
Date2019-07-29
Post CountryHong Kong

An investor from Hong Kong reported liquidation loss due to false propaganda and cheating on HuiFeng. The company pretended to be HSBC and conducted order recommendation deliberately.

Exposure. Cheat

Conclusion

To sum up, we don't recommend trading with this broker. Its suspicious ASIC, FCA and FSPR clone status raises questions about regulatory compliance. Moreover, an inaccessible website indicates possible cease of operation. Most worriesome of all, the company was reported to cheat customer by false propoganda as HSBC.

All these factors indicate that the broker is untrustworthy. Choosing reputable and regulated alternatives is a smart decision to protect your money.

Review 1

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