Wikilix
HXFX Global logo

HXFX Global

Offshore
United Kingdom
,
Since 2018
Last Updated:
25/100
Overall Score

Trading Conditions

Min Deposit:
USD20
Max Leverage:
500
Account Types
StandardMini

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

5 methods

Bank Transfer

bank transfer
2 days
Fee:
Free
Fee:
$25

Credit/Debit Card

credit card
Instant
Fee:
Free
Fee:
Free

E-Wallets (e.g., Neteller, Skrill)

e wallet
Instant
Fee:
Free
Fee:
Free

Cryptocurrency (e.g., Bitcoin)

crypto
Instant
Fee:
Free
Fee:
Free

China Union Pay

other
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 26%, 3: Software 50%, 4: Spread 0%, 5: Account Type 18%, 6: Symbol 0%
Regulation
4%Poor
License
26%Poor
Software
50%Fair
Spread
0%Poor
Account Type
18%Poor
Symbol
0%Poor

Company Information

Full Name:HXFX GLOBAL Investments Limited
Founded:2018
Headquarters:United Kingdom
Enterprise Offices:N/A

Customer Support

Phone:
+84 2844582358
Live Chat:
business_hours
Response Time:
Languages:
English
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Editorial review
Updated

Broker Summary

What Wikilix has recorded about HXFX Global: its history, the licences it holds, its trading conditions and its fees.

Introduction

Finding a trustworthy broker in the ever-changing financial trading environment is vital for both new and experienced traders alike. HXFX Global positions itself as a trading broker with all-encompassing solutions and services to meet the diverse needs of all types of traders; while the financial markets are constantly changing, brokers like HXFX Global have only one goal, which is to provide a platform and service to aid traders in achieving a frictionless experience trading these markets.

The following article provides an overview of HXFX Global, covering its history, functionality and key features, regulatory status, trading experience, fee schedule and overall reputation in the market, given the abundance of limited public data available at this time; therefore, the goal of this overview is to provide as much information about HXFX Global's offering to potential client(s) as possible with the available information on their standing in the financial services sector.

Background

HXFX Global is a trading broker and operates in the financial services industry with a focus on providing traders access to various types of asset classes to trade. Unfortunately, the lack of public data available means that I cannot provide any detail about when HXFX Global was formed, where they are located, or any history of the company itself. Although this lack of information is not uncommon with up-and-coming brokerages, it is illustrative of the need for traders to conduct extensive Due Diligence on any financial services provider before conducting business with them.

Although there is very little historical data available for HXFX Global the broker appears to be focused on providing online traders access to the world's financial markets via their trading platform. Accordingly, the company has developed their trading platform with a focus on the ease of use, together with necessary tools and services needed to support traders when executing their trading strategies.

Key Features

HXFX Global has developed many features designed to help traders execute their strategy efficiently (For details, refer to specific sections below).Specific information on the entire suite of services is limited at this point; however, brokers tend to offer a multitude of different types of asset classes including (but not limited to) the following:

- Forex

- Commodities

- Indices

- Possibly Cryptocurrencies

HXFX Global probably offers support for popular trading platforms that allow users to analyze the markets in real time, execute orders, and manage their risk. The platforms will be compatible with both desktop and mobile devices, thus providing users a flexible way to trade on the move.

Trading Instruments

While no specific details are available; brokers in this category generally offer various instruments within an array of instruments. Traders may expect to find:

Types of Major & Minor CurrencyPairs

- Commodities – Gold, Oil

- Global Stock Indices

- Possible Cryptocurrencies

Regulatory Compliance/Licensing

Regulatory oversight represents an important factor when choosing a broker since it establishes a level of trust through industry standards and ensures protection for traders, Unfortunately, no available information regarding HXFX Global's regulatory licenses is published. As such, anyone considering doing business with HXFX Global may be wise to do additional research in order to ensure that they have sufficient information to conclude that it meets their criteria prior to completing any transactions.

Summary of Regulatory Information Tabulated based upon Available Information

Regulator

License Number

Regulatory Status

Limited information available

n/a

Not dislosed

Trading Conditions & Technology

Traders need to be aware of the regulatory environment before committing to trading. Some of the most important variables surrounding trading conditions include: spreads, leverage and minimum deposit.

Unfortunately HXFXIn practice, brokers within this space generally have comparable spreads and variable leverage, and many brokers measure their value/profitability based on their client’s profile.

HXFX Global is expected to use well-known trading platforms with advanced charting features & functionality (for example; automated trading) that are accessible from multiple devices; these features are important when trying to achieve flexibility and efficiency as a trader today.

Overview of Trading Conditions

Feature

Details

Spreads

Limited Information Available

Leverage

Limited Information Available

Minimum Deposit

Limited Information Available

Trading Platforms

Likely supporting popular platforms (example; MetaTrader)

Understanding Fees

In addition to learning about trading conditions outlined, it's also necessary to understand the fee structure that is going to be presented to you; failure to do this could lead to unanticipated expenses when trading. Unfortunately, HXFX Global does not have available information on fees including deposits, withdrawals, commissions, etc., and as such, this can make it difficult to know what kinds of costs may be associated with doing business with HXFX.

Typically, brokers charge fees in the following areas;

Deposits fees

withdrawal fees

commissions per trade

overnight swap fees

In light of no specific numbers available, potential clients of HXFX Global should reach directly to HXFX Global with any questions regarding fees before establishing an account.

Fee Type

Details

Deposit Fees

Limited Information Available

Withdrawal Fees

Limited Information Available

Commissions

Limited Information Available

User Experience & Reputation

When looking at potential brokers user experience & reputation play a critical role in determining the quality of service provided by that broker. Due to the available public data on HXFX Global being very minimal, it makes it difficult to fully assess feedback from clients along with independent reviews of the broker.

Potential traders looking at HXFX Global, would be encouraged to reach out directly to the broker, request demo accounts & testimonials, & search for independently reviewed by 3rd parties in order to get a complete picture of the type of trading environment/ customer support being provided by HXFX Global.

Conclusion

HXFX Global Markets has positioned itself as a trading broker within the Financial Services Sector, providing access to a variety of markets through its online trading platform. As such, there is insufficient available information concerning its regulatory status, trading conditions, fees & company, therefore all prospective customers should exercise caution.

Any trader contemplating trading with HXFX Global should perform detailed research and establish direct communication with the broker to verify all significant information about the broker before they invest their capital. Transparency and compliance with regulations are critical factors in ensuring a safe & profitable trading experience.

Regulation check

Regulatory Licenses

Every licence HXFX Global has in force is from an offshore regulator. Most carry no compensation scheme — each row below says what the issuing regulator actually requires.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
0
Offshore
1

How far our check got

  • 1 not yet checked
  • VFSCTier 4OffshoreVanuatuDealing in securitiesNo. 40453

    What the register says

    Licence number
    40453
    Type
    Dealing in securities

    Client protection under this licence

    • No compensation scheme
    • Complaints routeVFSC Complaints
    • Maximum leverage1:997

    These are the rules VFSC sets for the firms it licenses. They are not a statement about how HXFX Global applies them, or about which of its companies would hold your account.

    About Vanuatu Financial Services Commission

    Offshore regulatorGovernment bodyNo compensation schemePublic registerTransparency: low
    Typical cost of this licence
    USD 5000-10000
    Open the full licence record
Trading accounts
Updated

Account Types

2 account types on record. Minimum deposit from USD 50. Leverage up to 1:500.

2 account types
AccountMin DepositLeverageCommission
StandardUSD 2001:500Not recorded
MiniCentUSD 501:500Not recorded
Account names and conditions as published by HXFX Global, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

5 ways to fund an account. 5 with no deposit fee. 4 credit instantly.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer
Clients should be aware of potential intermediary bank fees during withdrawals.
FreeUSD 25USD 100USD 50USD 250,0002 days
Credit/Debit CardCredit CardNo additional fees charged by the broker for card transactions.FreeFreeUSD 25USD 50USD 20,000Instant
E-Wallets (e.g., Neteller, Skrill)E-WalletWithdrawal fees may vary depending on the e-wallet provider.FreeNot recordedUSD 5USD 5USD 5,000Instant
Cryptocurrency (e.g., Bitcoin)Cryptocurrency
Clients should ensure correct receiving address for cryptocurrency withdrawals.
FreeNot recordedUSD 50USD 50Not recordedInstant
China Union PayOther
Clients should be aware of potential fees imposed by the receiving bank during withdrawals.
FreeNot recordedCNY 300CNY 50CNY 15,000Instant
Fees, limits and processing times as published by HXFX Global, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 4.

1 platform
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Social channels

Social Presence

4 official channels on record.

4 channels
Channels as published by the broker, recorded by Wikilix.

Comments

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