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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

HeHuan

Hong Kong|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.hehuanfx.com/

Website

Rating Index

Contact

service@hehuanfx.com
https://www.hehuanfx.com/
Shop 8, 11/F, Wang Fai Industrial Building, 29 Liu Hop Street, San Po Kong, Kowloon, Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
Hong Kong
Operating period
2-5 years
Company Name
HeHuan Global Limited
Abbreviation
HeHuan
Company employee
--
Customer Service Email Address
service@hehuanfx.com
Company website
Company address
Shop 8, 11/F, Wang Fai Industrial Building, 29 Liu Hop Street, San Po Kong, Kowloon, Hong Kong
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

JSWU2022@

Australia

My trading account has been frozen for over eight months! Unable to withdraw money! Their customer service and company manager Aileen are still in communication with me! Ask me to return the company's VIP reward of $38888usd, I ask you to unfreeze my account, take it out and return it! They disagreed and asked me to make another bank transfer! They swear to God and guarantee their family, because the company's regulations cannot be changed, many times [d840][dd18] promised that my account balance of 4.17usd million funds is real, earned through a large number of transactions, as long as I return...$38888, it will be You can unfreeze and withdraw the account balance of 4.17 million US dollars! These days I promised to transfer money via bank, and they agreed, and asked for the bank account number on the company's account, they couldn't get it, but gave me a private account. I said that I can write a bank cash check and send it to the company's financial hand! They were speechless, completely exposing the ugly face of fraud! Attached below is the screenshot of the communication on WhatsApp

Exposure

2023-02-22

FX57947855

United States

I invested about a lot with this firm over the since February , and rencenly , they issued me an email informing me that my activities were unlawful and that I had to pay a nearly $21,000 fee before I could continue trading or request a withdrawal. I repeatedly reached out to customer care to enquire about what exactly was prohibited about my business, but I never heard back. the withdrawal did not go through. Assetsclaimback/com assets. Without them, they would have held my money in their possession forever.I requested a withdrawal after paying the US$21,000 fee, but it hasn't been done yet, and I've already invested all of my money but i didn’t lose it all.

Exposure

2022-11-01

FX1046320678

United States

My experience with Hehuan have been really bad and this happened right after deposits were made from my cryptocurrency account to their wallet addresses. they received the deposits and trades started as usual and when I requested withdrawal of some funds out of my account , it was declined blatantly. Several messages were sent to the support and there was a response that I make a tax deposit before withdrawal. I inquired with the tax authorities in my country and there was nothing of such in existence. several others are facing the same withdrawal issues but there happens to be a solution proferred by some financial authorities. as shown in the pictural representation below; having my deposit to Hehuan from Blockchain and other relevant information for victims

Exposure

2022-10-26

Fx3578064

Brazil

It appears legit. There is a license number and an address of their location . There was no supervision or offshore license when I tried to investigate my funds was not accessible for withdrawal, documented all the proof and filed the necessary paperwork in order to resolved issue and stop continue making deposits to withdraw. It’s all scam they ask for withdrawal fee tax fee and many order fee just to manipulate us and deposit more.

Exposure

2022-10-18

Nhial

Australia

Hehuan refused to withdraw my money

Exposure

2022-10-14

JSWU2022@

Australia

I can only enter the funds, not withdraw them, ask me to join the VIP, reward $38888 into my account, and then ask me to transfer another $300000! This is a trap scam! I asked to withdraw, deducted the reward $38888, they didn't agree, froze my account! I have more than 4 million dollars in my account!

Exposure

2022-09-03

JSWU2022@

Australia

My trading account can only deposit money, not withdraw money! They want me to join VIP to withdraw money. Reward me $38888USD, transfer it to my trading account, and immediately ask me to pay $300000USD, I feel that this is a scam, and I don't have the funds, so I ask to withdraw and deduct $38888USD from my account! They disagreed and froze my account. I have communicated with customer service many times and asked me to transfer $38888USD from the bank. I think it is cheating. My trading account has enough balance to be deducted.

Exposure

2022-08-29

James Keane

Australia

All my funds were swallowed up in one fraudulently trade. My MT5 account was forced close on a deal that did not exist according to other market data.

Exposure

2022-08-23

Jackie56759

Canada

Hello, on June 25, 2022, I met a person named Yang Rui on the Internet. He introduced me to the gold huhang platform to speculate on Bitcoin. I deposited a total of 10,780 US dollars on July 19, 21, 26, and 30, and I came out on the 24th. Gold 1,000, during which this person named Yang Rui deposited money into my account twice, once on July 21 for 5,000, and once on July 31 for 35,000. But on August 12th and 13th, I applied for a withdrawal 3 times, but they were unsuccessful. I contacted the customer service, and the customer service replied that because someone who was not in my name made two calls into my account, they suspected that I was laundering money and put the money in my account. My account is frozen and I will pay another $5,000 if it is unfrozen. I realize I've run into scammers and scammer platforms, and I implore you to help me solve the problem and get me out of the $10,780 I put in, it's all my hard-earned money. I would like to say here first, thank you. Looking forward to your reply.

Exposure

2022-08-14

James Keane

Australia

Manipulate live trading app MT5 Lost all my money in one trade 190,000 au dollars

Exposure

2022-07-20

James Keane

Australia

This broker will not explain how all my funds were manipulated by a third party and the loss of 190000 au

Exposure

2022-07-18

Calvin97463

Argentina

Hey fellow traders! Check out HeHuan – they offer a wide range of trading instruments, including Forex, Stock Index, Energy, Metals, and Commodities. Love the fact that they provide demo and live accounts, letting us practice risk-free before diving into the real deal. The multilingual website is a nice touch for global accessibility, and they've got various payment options. Customer support is also available through email, online chat, and they have a registered office address. Seems promising!

Neutral

2023-12-08

12
Website
Company Summary
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Official website

Website

  • hehuanfx.com

    Server Location

    Singapore

    Website Domain Name

    hehuanfx.com

    Server IP

    161.117.253.185

Company Summary

Aspect Information
Company Name HeHuan
Registered Country/Area Hong Kong
Founded Year N/A
Regulation No License
Minimum Spread From 0.0 pips
Trading Platform MT5
Tradable Assets Forex, Stock Index, Energy, Metals, Commodities
Customer Support Phone & Email Support, Live Chat
Deposit & Withdrawal VISA, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Transfer, Local Transfers, VLoad

Overview of HeHuan

HeHuan is a brokerage platform operating in Hong Kong, offering trading services without a specific regulatory license. Traders considering HeHuan should be aware of the potential risks associated with trading on an unregulated platform. The minimum deposit requirement is not disclosed, so prospective clients will need to contact HeHuan directly for accurate and up-to-date information.

The platform offers a maximum leverage level that is unspecified. Traders should exercise caution when utilizing leverage as it can magnify both profits and losses. HeHuan claims to provide competitive spreads, starting from 0.0 pips, though the actual spreads may vary depending on market conditions.

The trading platform offered by HeHuan is MT5 (MetaTrader5), known for its advanced features and user-friendly interface. Traders can access a range of trading assets, including Forex, Stock Indices, Energy, Metals, and Commodities. In terms of payment methods, HeHuan accepts various options such as VISA, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Transfer, and Local Transfers. Customer support is available via phone, email, and live chat, allowing traders to seek assistance and address any concerns they may have while using the platform.

Is HeHuan safe to trade with?

HeHuan is operated by HeHan Global Limited, whose registered address is Shop 8, 11/F, Wang Fai Industrial Building, 29 Liu Hop Street, San Po Kong, Kowloon, Hong Kong.

Unfortunately, we feel HeHan has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.

Pros and Cons

HeHuan offers several advantages to its clients. Firstly, traders have access to a wide range of trading instruments, including Forex, Stock Index, Energy, Metals, and Commodities. This allows for diversification and the opportunity to explore various markets. Additionally, HeHuan provides both demo and live accounts, enabling traders to practice their strategies in a risk-free environment and engage in real-money trading when ready. The availability of a multilingual website ensures accessibility for traders from different regions, enhancing their user experience. Furthermore, HeHuan offers a variety of payment methods, providing convenience and flexibility to clients for deposits and withdrawals. The customer support options, including email, online chat, and a registered office address, demonstrate their commitment to assisting traders with any questions or concerns they may have.

On the other hand, there are some drawbacks to consider when trading with HeHuan. The lack of disclosed minimum deposit requirement and specific information on maximum leverage may make it challenging for potential clients to assess the financial requirements and risks involved. Additionally, the absence of regulatory information and licensing details raises potential uncertainties about HeHuan's compliance and oversight. The limited educational resources offered by HeHuan may also be a disadvantage for traders seeking comprehensive learning materials and support. Furthermore, the lack of information on different account types may limit customization options for traders with varying preferences and trading needs.

pros
Pros Cons
Access to various trading instruments Lack of disclosed minimum deposit requirement
Availability of demo and live accounts No specific information on maximum leverage
Multilingual website for broader reach Lack of regulatory information and licensing
Wide range of payment methods available Limited educational resources provided
Accessible customer support options No information on account types

Market Instruments

HeHuan provides traders with access to a wide range of trading instruments, offering a diverse selection of trading assets through its brokerage platform. Clients can trade various types of assets, including Forex (foreign exchange currency pairs), Stock Index, Energy (such as oil and gas), Metals (such as gold and silver), and Commodities. This extensive range of trading instruments allows traders to explore different markets, diversify their portfolios, and take advantage of various market opportunities. By offering access to these diverse asset classes, HeHuan aims to cater to the trading preferences and strategies of its clients.

Account Types

HeHuan offers its clients the choice between two types of trading accounts: a demo account and a live account. The demo account allows traders to practice and familiarize themselves with the trading platform and strategies in a risk-free environment using virtual funds. On the other hand, the live account enables clients to engage in real-money trading, allowing them to trade with their own funds and potentially generate profits. By offering both account types, HeHuan caters to traders with different levels of experience and objectives in the financial markets.

Trading Platform

HeHuan offers its clients access to the widely-used MT5 (MetaTrader 5) trading platform, which is available for Desktop, Mobile, and Web terminals. Traders can benefit from the platform's versatility and convenience, allowing them to analyze market activity, place trades, and integrate automated trading systems seamlessly. The platform's workspace, including the use of Expert Advisors, provides a comprehensive trading environment. With all the necessary features and tools integrated into a single interface, traders have everything they need to start trading on the financial markets efficiently.

trading-platform

Deposit & Withdrawal

The specific minimum deposit requirement for HeHuan is not disclosed. However, clients of HeHuan have the flexibility to make deposits and withdrawals using various trading instruments, including Forex, Stock Index, Energy, Metals, and Commodities. This diverse range of options allows clients to choose the instruments that align with their trading preferences and investment goals when funding their trading accounts or withdrawing funds.

payment-methods

Customer Support

The HeHuan website is available in multiple languages, catering to traders from different regions. Traders can contact HeHuan for any inquiries or concerns regarding their accounts or trading through various methods. They can reach out via email at service@hehuanfx.com or engage in online chat for immediate assistance. In addition, HeHuan's registered office address is Shop 8, 11/F, Wang Fai Industrial Building, 29 Liu Hop Street, San Po Kong, Kowloon, Hong Kong. Traders can use these contact methods to communicate with HeHuan and obtain the necessary support and information they require.

Conclusion

In conclusion, trading on the financial markets, including instruments like foreign exchange, futures, CFDs, and other financial contracts, entails both advantages and disadvantages. The use of leverage can amplify potential profits, but it also increases the risk of substantial losses. It is crucial for individuals to carefully assess their risk tolerance and suitability for this type of investment activity. While trading offers opportunities for financial growth, it comes with inherent dangers that require thorough understanding and diligence. Seeking professional advice, conducting proper research, and making informed decisions are vital to navigating the complexities of the financial markets successfully.

FAQs

Q: What are the risks associated with trading on the financial markets?

A: Trading on the financial markets involves inherent risks due to the complex nature of instruments such as foreign exchange, futures, CFDs, and others.

Q: How does leverage affect trading on the financial markets?

A: Leverage can be both advantageous and detrimental in trading. It allows traders to control larger positions with a smaller capital investment, potentially increasing profits.

Q: Is trading on the financial markets suitable for everyone?

A: Trading on the financial markets may not be suitable for everyone.

Q: What should I consider before engaging in investment activities?

A: Before engaging in investment activities, it is essential to conduct thorough research, seek professional advice, and understand the risks involved.

Q: Is the information provided here sufficient for making investment decisions?

A: The information provided here is intended for reference purposes only and should not be considered as financial or investment advice.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. You can use the leverage to your benefit or to your detriment. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

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