HCapitalForex Trading Platform Review: High Risk (Scam)

HCapitalForex Company Overview:

According to HCapitalForex official website,Foreign exchange experts make 20 million in a year the broker is a Korean subsidiary of a company headquartered in Tulsa, Oklahoma, USA. The company provides retail and commercial banking services in the Midwestern and Southwestern regions of the United States, ranking among the top 50 financial services companies in the country. It is also the largest financial services company in the state of Oklahoma. In recent years, the company has raised over $3 billion in funds by supporting numerous significant projects. According to a Whois search, the official domain of the broker was registered just one month ago as of November 15, 2023.

Is HCapitalForex Compliant and Legal? Does it Hold the Appropriate Financial Regulatory Licenses?

HCapitalForex claims that the broker is regulated by the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States, with NFA registration number 0559483 and MSB registration number 31000256114249.

Upon verification by TraderKnows, it is confirmed that HCapitalForex is only a non-member of the NFA and is not regulated by the NFA. Furthermore, FinCEN is an organization overseeing anti-money laundering, and it does not provide regulatory oversight for the forex margin trading activities conducted by HCapitalForex.

HCapitalForex, along with Varna Trade, RH Trade, Kaerm IM, Arlington Asset Investment Corp Ltd, Huigu Limited, and several other broker websites, shares a highly similar design, suggesting they may be batch-produced using the same template and are registered with FinCEN and NFA to confuse investors.

Trading Instruments Offered by HCapitalForex:

According to its official website, the broker primarily offers Contract for Difference (CFD) trading services for forex, stocks, indices, commodities, energy, precious metals, and other instruments.

Trading Software Provided by HCapitalForex:

HCapitalForex only provides users with its proprietary ST trading platform. The rules of this proprietary platform are highly opaque, leaving users susceptible to artificial manipulation of prices and slippage, along with the imposition of high trading fees.

Fund Security:

HCapitalForex does not disclose any third-party fund supervision information on its official website, leaving the security of users' funds uncertain.

Deposit and Withdrawal Channels:

HCapitalForex has not disclosed any information regarding users' deposit and withdrawal channels, making it unclear how users can make deposits and withdrawals.

Leverage Ratio:

The broker publicly states a leverage ratio of 1:100-1:500, while generally compliant brokers commonly offer leverage ratios ranging from 1:10-1:100.

Conclusion:

HCapitalForex is a forex broker engaging in illegal financial activities by utilizing false regulatory information. The broker has not disclosed any critical information concerning user fund security, deposit and withdrawal channels, and more. Currently, this broker is marked as "SCAM" on TraderKnows. We advise you to stay away from HCapitalForex, as it is a highly risky forex trading platform that may result in personal financial losses.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

Very good!（72548）