HT-FX Group MT is a forex broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that HT-FX Group MT is a scam.
Company Overview
HT-FX Group MT is a Chinese brokerage firm that was founded in 2022. The company offers online trading services in the financial markets, but it is not regulated by any reputable financial authority. This lack of regulation raises concerns about the company’s transparency and accountability.
The platform offers a wide range of tradable assets, including major and minor forex currency pairs, precious metals, crude oil, indices, and cryptocurrencies. This makes it a suitable option for traders with a variety of interests.
However, it is important to note that the lack of regulation also means that there is no governing body to protect investors from fraud or other wrongdoing. Traders should carefully consider the risks before opening an account with HT-FX Group MT.
Does HT-FX Group MT Have Any Licenses?
No, It does not have any licenses or registrations from any reputable regulatory authorities.
Is HT-FX Group MT Regulated By Any Authority?
No, It is not regulated by any authority. This means that there is no governing body that can protect investors from fraud or other wrongdoing.
Pros and Cons
Pros:
- Low minimum deposit
- Variety of trading products
- Leverage up to 1:500
- No deposit fees
Cons:
- Unregulated
- No customer reviews
- No contact information
- High spreads
- Lack of transparency
How Does HT-FX Group MT Reach To Their Prey?
HT-FX Group MT uses a variety of methods to reach potential victims, including:
- Online advertisements
- Social media
- Cold calls
- Spam emails
The company often targets inexperienced traders who are looking to make a quick profit. This company will make false promises of high returns and easy trading. Once the victim has deposited money, the company will make it difficult or impossible to withdraw the funds.
Technical Details
Minimum Deposit:
The minimum deposit requirement for HT-FX Group MT is $200.
Trading Platform:
They offers a proprietary trading platform that is not very user-friendly. The platform lacks many of the features that are standard in other trading platforms, such as charting tools and technical analysis indicators.
Spread:
The spreads offered by HT-FX Group MT are high, which means that traders will incur significant losses on each trade.
Leverages:
This company offers leverage up to 1:500. This means that traders can control a large position with a small amount of capital. However, high leverage can also magnify losses, making it a risky proposition for inexperienced traders.
Packages and Products They Offer
HT-FX Group MT offers a variety of trading products, including forex, commodities, indices, and stocks. The company also offers a variety of account types, each with different features and benefits.
Withdrawal and Deposit Method
They offer a variety of deposit methods, including credit cards, debit cards, and wire transfers. Withdrawals can be made through the same methods, but there are often high fees associated with withdrawals.
What Do Their Previous Traders Say?
There are no reliable reviews of HT-FX Group MT from previous traders. This is a major red flag, as it suggests that the company is not legitimate.
Summing Up- Why Should Not You Trust This site
There are a number of reasons why you should not trust this company. The company is unregulated, has no customer reviews, and has a high minimum deposit requirement. The trading platform is not user-friendly and the spreads are high. Additionally, there have been reports of the company making false promises to potential victims.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to HT-FX Group MT, you may be able to get your money back through a chargeback or by filing a complaint with the Financial Industry Regulatory Authority (FINRA). You can also contact the authorities in the Marshall Islands, where the company is registered.
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Final Thoughts
HT-FX Group MT is a suspicious and unregulated forex broker. There are a number of red flags that suggest that the company is a scam. If you are considering trading with HT-FX Group MT, we urge you to reconsider. There are many legitimate forex brokers out there that offer better trading conditions and a lower risk of fraud.
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