Score
HTFX
Australia|2-5 years| https://hightopfx.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Neptune Securities LTD
License No.：000332890
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskAccount Information
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Website
hightopfx.com
Server Location
United States
Website Domain Name
hightopfx.com
Server IP
104.27.158.166
Company Summary
Note: HTFX's official website: https://hightopfx.com/ is currently inaccessible normal.
| HTFXReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Australia |
| Regulation | ASIC (Suspicious clone) |
| Market Instruments | Cryptos, Forex, Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| EUR/USD Spread | 0.3 pips |
| Trading Platform | MT4 |
| Min Deposit | A$1 000 |
| Customer Support | Email: service@htfx.com.au |
HTFX is allegedly a forex broker registered in Australia, yet with the company behind it undisclosed to all. HTFX offers two trading accounts to choose from, access to MT4 trading platform. With lack of regulatory information, funds are not safe.
HTFX claims ASIC regulation but is flagged as a suspicious clone. ASIC is responsible for regulating financial activities in Australia. HTFX offers two account types, Standard and Advanced, with different minimum deposits and potential benefits. Leverage options range from 1:100 to 1:400.
Pros and Cons
| Pros | Cons |
| Support MT4 | Unregulated |
| Lower spreads | Inaccessible website |
| Support demo accounts | High minimum deposit |
| Limited contact channels |
Is HTFX Legit?
HTFX claims to be regulated by the Australia Securities & Investment Commission (ASIC) with license number 332890. However, it has been detected as a suspicious clone.
| Regulatory Status | Suspicious Clone |
| Regulated by | Australia Securities & Investment Commission (ASIC) |
| Licensed Institution | Neptune Securities LTD |
| Licensed Type | No Sharing |
| Licensed Number | 332890 |
It is advisable to exercise caution and avoid engaging with this broker.
Investing with unregulated entities can carry significant risks, including potential fraud, loss of funds, and lack of recourse in case of disputes.
It is generally recommended to choose regulated brokers that are authorized by reputable regulatory authorities.
What Can I Trade on HTFX?
HTFX offers limited trading asset classes, only cryptos, forex, and indices, other popular trading products such as stocks, cryptocurrencies, etc. are not available.
| Tradable Instruments | Supported |
| Cryptos | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |
| ETFs | ❌ |
Account Type
HTFX offers two trading accounts: Standard and Advanced.
The minimum initial deposit for the Standard Account is AUD$1,000, and the Advanced accounts require AUD$50,000.
Leverage
HTFX offers leverage up to 1:400. It is important to note that high leverage means high potential returns, but it also means high risk.
Spreads
HTFX claims to offer low spreads, but without being able to register a real account, we cannot verify the actual spreads for live trading. However, the demo EUR/USD spread is mentioned as favorable at 0.3 pips.
Trading Platform
HTFX offers the MetaTrader 4 platform to its clients, which is a widely recognized and popular trading platform in the forex industry. It allows users to access real-time market data, analyze charts, use technical indicators, execute trades, and even automate trading strategies through its built-in programming language (MQL).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
The broker accepts Alipay EFT, and UnionPay.
The minimum initial deposit is 1000 Australian dollars, around 8 times higher than the sum regulated brokers asks from the traders on average- 100 US dollars.
The standard withdrawal requests are free of charge, but the extra ones cost 30 Australian dollars.
HTFX claims to process withdrawal requests within 3 days.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
Review 6
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佳佳9441
Taiwan
I met this person on IG. The person claimed to be doing financial management, and later I took the initiative to ask how to manage finances. That person taught me to take out loans and asked me to deposit 200,000, and said he was willing to provide 42,000 US dollars to help me into depositing. Then the operation was no problem, until I wanted to withdraw funds, I was told that I had to pay 6,000 in taxes and fees, and 25,000 was the 17,000 margin that the person had helped to pay before. Finally, I was suspected of money laundering and asked me to pay a margin. As a result, I can't withdraw my own margin now.
Exposure
06-06
FX1093316775
Singapore
I tried more than 5 times to withdraw and received email confirmation that request under review. It’s been more than 2 weeks and nothing happened
Exposure
2020-12-29
FX2480058652
Italy
I was actually so stupid to beleave this people and put through Bitcoin money to that account. First I made profit. Then after I raised funds they made all loose in a trade, and ask to put again money in the fund. So I lost 2000Usd to them. It could be possible that the currencypair called GDH they are trading is invented.
Exposure
2020-11-29
Affetto
Singapore
After my last trade led by teacher Zhang 张德林 on 21 July 2020 at 9:50pm, I could no longer log back into my MT4 account after several attempts. I suspected something went wrong and so I went to login to the backoffice or system account of HTFX and found out a lot of unauthorized trades were performed with my knowledge. I believed this is an insider job as my password is 12characters long and I never disclose my password to anyone. The whole purpose as I watched before my eye that night was to empty all my profit by either sell or buy and immediately closed the order on GDH product. Each lot cost me $40 in a commission paid to the broker. So started with 100lots and gradually to smaller lots till my account run of margin. I called teacher Zhang and his assistant but no reply. HTFX has no 24hours customer hotlines and I have written several emails to HTFX but no response from them either. I lost a total of US$126,000. I demand an audit trail from HTFX if you seeing this. I will file a police report against HTFX.
Exposure
2020-07-23
BenjaminSmith
United States
400xleverage? Sounds exciting. But you can win big, but you can also lose your shirt, just like playing Russian roulette with your money.
Neutral
08-07
一梦不愿醒。
Hong Kong
I have been scammed for a lot of money by this broker. Don't fall for the HTFX broker scam if you guys don’t wanna have the same terrible experience as me.
Neutral
2022-12-11