HYHLB Group FX Broker Review: High Risk (Suspected Fraud)

HYHLB Group Overview:

HYHLB Group's official website states that its corporate entity is Transaction types of foreign exchange marketHYHLB GROUP LIMITED, managed by the UK Companies House, headquartered in London, UK. The UK Companies House website reveals that a company with the same name was registered on April 12, 2023, with the registration number 14796272, and the registered address is 30 FLORAL ST, LONDON, UNITED KINGDOM, WC2E 9DP.

Domain Registration:

According to Whois information, the domain of HYHLB Group's official website was registered on April 11, 2023, meaning the domain is less than 8 months old.

Is HYHLB Group Compliant and Legitimate? Does It Hold Relevant Financial Regulatory Licenses?

HYHLB Group is a UK-registered forex broker but currently lacks effective regulation. HYHLB Group claims to be regulated by the U.S. MSB, with the MSB registration number 31000236051743. However, this MSB registration number is associated with a different entity, GLFXM GLOBAL FOREX LIMITED, located at Floor 1 Office 25, 22 Market Square, authorized on March 2, 2023. TraderKnows warns investors that HYHLB Group is likely misusing GLFXM GLOBAL FOREX LIMITED's information for illegal activities, urging investors to protect their assets and avoid falling into a scam.

Website Template Quality of HYHLB Group:

HYHLB Group's website uses a generic template. Upon verification by TraderKnows, it was found that the broker's website template is highly similar to those used by DEOASIS LIMITED, SXHJAS GLOBAL LIMITED, ASEX CAPITAL GROUP LIMITED, KFCP GLOBAL LIMITED, Cberry Wt, Kaerm IM, RH Trade, HCapitalForex, Arlington Asset Investment, Huigu Limited, and other companies.

Employees of HYHLB Group:

No information about the company's team members was found on the public internet.

Trading Software Provided by HYHLB Group:

The trading software offered on their website is named HYANB Group, which does not have any physical companies behind it. This software poses significant risks to users, as the broker can manipulate markets, forcibly close positions, and engage in other irregular practices.

Is HYHLB Group involved in False Advertising?

HYHLB Group's official website claims that the broker cooperates with the internationally renowned analysis firm Trading Central. However, this claim has not been confirmed by Trading Central, raising suspicions of false advertising by the broker.

Trading Products Provided by HYHLB Group:

The broker mainly provides trading services in forex, precious metals, crude oil, and indices. However, key information on trading products, such as commission and spreads, has not been disclosed. The broker advertises a leverage ratio of 1:400, but information on spreads and commissions is opaque.

Contact Information of HYHLB Group:

The broker only supports contact via email, lacking phone and live chat options.

Conclusion:

HYHLB Group is a high-risk forex broker involved in illegal financial activities, using false regulatory information. The broker has not disclosed any crucial information regarding user fund security, employee details, or specific trading product commissions and spreads. Currently, the broker is flagged as "Suspected Fraud" on TraderKnows. Investors are advised to stay away from this platform to avoid potential 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!（9534）