Score
HDG MARKETS
United Kingdom|5-10 years| https://www.hdglimited.com/en/
Website
Rating Index
Contact
Licenses
Licensed Institution：HDG MARKETS PTY LIMITED
License No.：001295273
Single Core
1G
40G
1M*ADSL
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
Basic information
United Kingdom
Scam Brokers 5-10 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskUsers who viewed HDG MARKETS also viewed..
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Website
hdglimited.com
Server Location
United States
Website Domain Name
hdglimited.com
Server IP
154.38.118.161
-
caxtonglobal-fx.net
Server Location
United States
Website Domain Name
caxtonglobal-fx.net
Server IP
50.63.202.56
Company Summary
Note: HDG MARKETS official site - https://www.hdglimited.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| HDG MARKETS Review Summary in 10 Points | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | ASIC revoked; NFA Unauthorized |
| Market Instruments | Not disclosed |
| Demo Account | Not disclosed |
| Leverage | Not disclosed |
| EUR/USD Spread | Not disclosed |
| Trading Platforms | MT4 |
| Minimum Deposit | Not disclosed |
| Customer Support | Email, Address, Phone |
What is HDG MARKETS？
HDG MARKETS, with full name HDG Markets Limited, is a United Kingdom-based global brokerage firm who also operate in Philippines. It offers online trading services to its clients. However, it is important to note HDG MARKETS currently has a revoked ASIC (Australia Securities & Investment Commission) license with number 001295273 and unauthorized NFA (National Futures Association) license with number 0545805 which raises concerns when trading. Also, it was categorized as illegal and scam broker on WikiFX.
In the forthcoming sections, we intend to dissect and comprehensively evaluate this broker's features from diverse perspectives, delivering to you well-structured and user-friendly information. We encourage you to read further if you're intrigued. Wrapping up the article, a concise summation will be provided to allow a quick and thorough grasp of the broker's distinguishing traits.
Pros & Cons
| Pros | Cons |
| • MT4 trading platforms | • ASIC revoked |
| • NFA unauthorized | |
| • Website dysfunctional | |
| • Categorized as illegal and scam broker on WikiFX | |
| • Lack of transparency | |
| • Negative reviews from their clients |
The broker provides MT4 trading platforms, which is certainly a beneficial aspect considering its widespread acceptance and advanced features.
However, the cons significantly outweigh this advantage. Their ASIC license has been revoked, and there's a lack of NFA authorization. The poor design and functionality of their website further impugn their credibility. Being categorized as an illegal and scam broker on WikiFX raises serious safety concerns. Also, transparency is lacking, and there have been numerous negative reviews regarding unable to withdraw from their clients. Overall, these downsides point towards a high-risk, low-trust scenario for potential investors.
Is HDG MARKETS Safe or Scam？
When considering the safety of a brokerage like HDG MARKETS or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: The situation of its ASIC license no. 001295273 being revoked, and the NFA license no. 0545805 being unauthorized, combined with the categorization as an illegal and scam broker on WikiFX, certainly casts doubts regarding the security of trading with them. Furthermore, the inaccessibility of their official website suggests a possible halt in operations. All these aspects together enhance the overall risk factors associated with making investments via the platform.
User feedback: The existence of 36 reports on WikiFX regarding withdrawal challenges emerges as potential alert signals. Before opting to interact with any broker or investment platform, it's wise to conduct in-depth research and due diligence to prevent making unfortunate choices.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with HDG MARKETS is a personal one. You should weigh the risks and benefits carefully before making a decision.
Trading Platforms
HDG Markets utilizes the highly regarded MT4 trading platform which caters to all devices including Windows, Desktop, iOS, and Android.
Renowned for its user-friendly interface, this platform empowers traders with seamless one-click operations for initiating and concluding trades, setting stops and entry limits. It allows the direct placement and modification of orders and the setting of stop-loss limits. Moreover, the MT4 platform offers a robust charting package providing comprehensive market analysis options.
User Exposure on WikiFX
On our website, you'll find a total of 36 reports of withdrawal issues on WikiFX, which signals a significant red flag. We strongly advise all traders to thoroughly investigate all accessible information before putting their hard-earned money at risk. Serving as a comprehensive resource, our platform is designed to assist traders in making well-informed decisions. If you've experienced fraudulent activities by brokers or fallen victim to such incidents, we strongly urge you to report this in our 'Exposure' section. We greatly appreciate your contributions. Our dedicated team remains steadfast in addressing these issues, working vigorously to find resolutions for such challenging situations.
Customer Service
HDG MARKETS provides multiple customer service options to assist its clients. Customers can reach out to HDG MARKETS through various channels to address their queries and concerns as below:
Phone: +63 9663 490485
Email: ceo@hdglimited.com.
Address: 291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom;
4th Floor, One E-com Center, Harbour Dr, Pasay City, Metro Manila, Philippines.
Conclusion
HDG MARKETS, an online brokerage based in the UK, provides trading services per available online information. Yet, its revoked ASIC and unauthorized FCA regulatory status pose immediate warnings- regulated brokers must comply with established financial rules, instilling clients with a sense of assurance. Being branded as an illegal and scam broker on WikiFX further heightens risks for traders, opening them up to potentially fraudulent activities. Furthermore, the dysfunctional website and 36 reports of withdrawal issues on WikiFX reflect a deficit in professionalism and attention to detail, undermining faith in their service reliability.
Therefore, those considering HDG MARKETS should exercise caution and explore alternative, regulated brokers that value transparency, security, and accountability.
Frequently Asked Questions (FAQs)
| Q 1: | Is HDG MARKETS regulated？ |
| A 1: | No. It has been verified that this broker is currently under ASIC revoked and FCA unauthorized condition. |
| Q 2: | Is HDG MARKETS a good broker for beginners？ |
| A 2: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and reports of unable to withdraw. |
| Q 3: | Does HDG MARKETS offer the industry leading MT4 & MT5？ |
| A3: | Yes, it offers MT4 platform. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- Scam Brokers
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
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摸金校尉43536
Hong Kong
After the announcement on August 8, 2002, I have not been able to log in until now or withdraw
Exposure
2022-09-20
许利红
Hong Kong
Cannot withdraw. It is suspect that the platform absconded with fund. How can I get the money back?
Exposure
2022-08-14
FX2802760752
Hong Kong
No withdrawal for no reason. The login access is denied, and the customer service cannot be contacted.
Exposure
2022-08-10
旧梦。
Hong Kong
Suddenly, an announcement was issued without any warning, and the background login was closed, and MT4 could not be logged in either. The funds could not be withdrawn, and there was no response to contacting customer service.
Exposure
2022-08-09
陈羿菡
Hong Kong
On the 8.8th, the platform is closed the network and ran away. The account prompts that the password is wrong, and I can't get in at all.
Exposure
2022-08-09
FX1357374316
Hong Kong
On August 8, 2022, the account could not be logged in, and the website reminded that the assets were frozen by Australian supervision. I don’t know if it is true.
Exposure
2022-08-09
李宸宇
Hong Kong
Unable to withdraw. The account cannot be logged in. MT4 cannot be used normally
Exposure
2022-08-09
清清1314
Hong Kong
The official announced that I waw suspected of money laundering. My account is trading normally, and I have not participated in any transactions other than transactions
Exposure
2022-08-09
腾源
Hong Kong
Said that there is a problem so they do not withdraw. There is no clear regulation. They might abscond.
Exposure
2022-08-09
Lion99870
Hong Kong
The withdrawal on Friday did not arrive in the account, and now the platform cannot be directly logged on, and the customer service has not responded to messages. I just want to get my money now.
Exposure
2022-08-09
鹿茸面膜（东北特产批发）
Hong Kong
Cannot log in and do not withdraw. It is said to cooperate with regulator. Please verify it.
Exposure
2022-08-09
FX3502169710
Hong Kong
On August 8, I found out that the account cannot be logged in. The account number is: 678826916. The current account amount is: 58743.18 US dollars! This is all the money I have on hand! The most important thing is that I use loans for financial management. I suddenly closed my account, and my capital turnover is not working. My child has to teach piano lessons and rent at home in a few days. I am really helpless. help! Otherwise, I’m really going to jump off the building. As for the platform’s announcement to assist the investigation, it said that the account involved in money laundering was closed. I can provide the source of all my investment funds. I have loan records in the bank. I need to repay the loan every month, please help me! If you can't log in to the account, there is no way to take a screenshot to show that the money cannot be withdrawn. Please ask the staff to investigate and collect evidence!
Exposure
2022-08-09
东东怪咖
Hong Kong
I need the regulatory authorities to give me an explanation, how could it suddenly be reviewed and not allow deposits and withdrawals. That's life saving money. And I can't even log in to my account now.
Exposure
2022-08-09
FX1506807338
Hong Kong
The platform freezes the account on the grounds of anti-money laundering, cannot withdraw funds, and the customer service does not respond
Exposure
2022-08-08
FX1506807338
Hong Kong
A notice was issued on the grounds of anti-money laundering, the account was frozen and no login was allowed, and money could not be withdrawn
Exposure
2022-08-08
李宸宇
Hong Kong
Announcement: Our dear customers First of all, we would like to express our heartfelt thanks to investors from all over the world for their trust and support to HDG Markets. Due to the recent transfer and withdrawal of funds from some customers with doubtful sources of funds, our current business had to be suspended due to regulatory requirements. On July 14, 2022, we received an inquiry from the Australian ASIC and the Australian Anti-Transnational Crime Department, asking us to investigate a batch of suspected wire fraud, financial fraud and use HDG as its illegally concealed illicit money flowing to HDG Markets. Means of funding to launch an investigation. After we received the investigation request, we immediately froze suspicious accounts and restricted the use, deposits and withdrawals of corresponding accounts. Unfortunately, during the two-week appeal period, we were unable to receive strong supporting materials during our communication with the account holders, which led to further escalation of our investigation by the regulatory authorities, which has now been frozen. Our margin clearing account at National Australia Bank (NAB) and all our liquidity clearing accounts. In view of the requirements of the regulators and the Australian police, from now on, all new accounts, derivatives contract trading services and customer deposits and withdrawals of HDG Markets will be suspended until we cooperate with the police to complete all evidence transfer and operate normally. During this period, I hope that investors will remain patient, and we will continue to further investigate the accounts involved in this incident and ask them to add more evidence so that we can complete the review as soon as possible. We are very sorry for the inconvenience caused to you during this period, and thank you for your active understanding and patience. HDG Markets
Exposure
2022-08-08
外汇行业大师
Malaysia
Our dear customers: First of all, we would like to express our heartfelt thanks to investors from all over the world for their trust and support to HDG Markets. Due to the recent transfer and withdrawal of funds from some customers with doubtful sources of funds, our current business had to be suspended due to regulatory requirements. On July 14, 2022, we received an inquiry from the Australian ASIC and the Australian Anti-Transnational Crime Department, asking us to investigate a batch of suspected wire fraud, financial fraud and use HDG as its illegally concealed illicit money flowing to HDG Markets. Means of funding to launch an investigation. After we received the investigation request, we immediately froze suspicious accounts and restricted the use, deposits and withdrawals of corresponding accounts. Unfortunately, during the two-week appeal period, we were unable to receive strong supporting materials during our communication with the account holders, which led to further escalation of our investigation by the regulatory authorities, which has now been frozen. Our margin clearing account at National Australia Bank (NAB) and all our liquidity clearing accounts. In view of the requirements of the regulators and the Australian police, from now on, all new accounts, derivatives contract trading services and customer deposits and withdrawals of HDG Markets will be suspended until we cooperate with the police to complete all evidence transfer and operate normally. During this period, I hope that investors will remain patient, and we will continue to further investigate the accounts involved in this incident and ask them to add more evidence so that we can complete the review as soon as possible. We are very sorry for the inconvenience caused to you during this period, and thank you for your active understanding and patience. HDG Markets August 8, 2022 Confirmed
Exposure
2022-08-08
腾源
Hong Kong
Can't log in, our dear customers First of all, we would like to express our heartfelt thanks to investors from all over the world for their trust and support to HDG Markets. Due to the recent transfer and withdrawal of funds from some customers with doubtful sources of funds, our current business had to be suspended due to regulatory requirements. On July 14, 2022, we received an inquiry from the Australian ASIC and the Australian Anti-Transnational Crime Department, asking us to investigate a batch of suspected wire fraud, financial fraud and use HDG as its illegally concealed illicit money flowing to HDG Markets. Means of funding to launch an investigation. After we received the investigation request, we immediately froze suspicious accounts and restricted the use, deposits and withdrawals of corresponding accounts. After we received the investigation request, we immediately froze suspicious accounts and restricted the use, deposits and withdrawals of corresponding accounts. Unfortunately, during the two-week appeal period, we were unable to receive strong supporting materials during our communication with the account holders, which led to further escalation of our investigation by the regulatory authorities, which has now been frozen. Our margin clearing account at National Australia Bank (NAB) and all our liquidity clearing accounts. In view of the requirements of the regulators and the Australian police, from now on, all new accounts, derivatives contract trading services and customer deposits and withdrawals of HDG Markets will be suspended until we cooperate with the police to complete all evidence transfer and operate normally. During this period, I hope that investors will remain patient, and we will continue to further investigate the accounts involved in this incident and ask them to add more evidence so that we can complete the review as soon as possible. We are very sorry for the inconvenience caused to you during this period, and thank you for your active understanding and patience. HDG Markets August 8, 2022 Confirmed
Exposure
2022-08-08
环中国
Hong Kong
I have been withdrawing every Saturday since April. Till August 6, the exchange is settled on Monday every time. But today I received a notification from them. Moreover, I can't log in to my account now. My withdrawal and investment principal are all in it, and I can't get out. I hope you can help me. thank you very much
Exposure
2022-08-08
安哥35759
Hong Kong
Now it is impossible to withdraw, please supervise the platform and strictly investigate the illegal platform, and return our principal!
Exposure
2022-08-08