Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Warning: The FCA Flags HobitalFxTrade as a Fraud
Abstract：An unregulated forex broker will not follow the industry's practices, and thus investors are likely to lose their money.
HobitalFxTrade (HobitalFxTrade.com) is a completely unknown website claims to be “one of largest forex brand”. Additionally, it is claiming to offer a trusted and secure trading platform. But fact-checking confirms that the company is a scam website that has already attracted the attention of the FCA.
An unlicensed UK-based company
HobitalFxTrade claims it is one of the world's leading Forex CFD provider and is providing fair and transparent Forex trading to active traders, but actually it has no authorization to do so.
It presents no regulatory information. Headquartered in the UK, the entity must be registered and regulated by the FCA. But no result matched with HobitalFxTrade was found on the regulator. Instead, we only found an unauthorised record.
The FCA flags HobitalFxTrade as a scam
On 5 July 2022, the financial watchdog added HobitalFxTrade to its alert list, saying that this firm is not authorised by it and is targeting people in the UK.
Forex accounts with leverage up to 1:1000
As you can see, HobitalFxTrade provides four types of forex trading accounts, with leverage ranging between 1:300 and 1:1000. According to the laws and rules of the UK financial authority, it is not possible for a UK-regulated broker to have such risky levels of leverage.
Misleading copyright info
Its page footer shows Copyright © 2010 - 2022 HobitalFxTrade All Rights Reserved, but its domain (https://hobitalfxtrade.com/) was actually created just a few days ago. It is obviously a sign of a scam.
An unregulated broker is clearly not authorized to operate in any regulated country.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
Leverage
Indicator
Quoted currency
Roll-Over
US Non-farm Payrolls
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
monetary policy
mortgage-backed securities
interest rates
inflationary
Non-farm payrolls
Ramadan
Stock
Read more
Close Up With WikiFX —— Take A Close Look At Amillex
With the rapid growth of global multi-asset investment markets, the differences among regional forex markets have become increasingly significant. As a forex broker information service platform operating in more than 180 countries and regions, WikiFX is dedicated to helping investors in every market identify reliable brokers. Therefore, we have launched an exclusive interview series —— "Close Up With WikiFX", offering in-depth conversations with local brokers. This series aims to dive deep into frontline markets and provide first-hand information, helping investors gain a clearer and more comprehensive understanding of quality brokers.
Original 58m
Seacrest Markets Exposed: Are You Facing Payout Denials and Spread Issues with This Prop Firm?
Seacrest Markets has garnered wrath from traders owing to a variety of reasons, including payout denials for traders winning trading challenges, high slippage causing losses, the lack of response from the customer support official to address withdrawal issues, and more. Irritated by these trading inefficiencies, a lot of traders have given a negative review of Seacrest Markets prop firm. In this article, we have shared some of them. Take a look!
Original 13h
GKFX Review: Are Traders Facing Slippage and Account Freeze Issues?
Witnessing capital losses despite tall investment return assurances by GKFX officials? Do these officials sound too difficult for you to judge, whether they offer real or fake advice? Do you encounter slippage issues causing a profit reduction on the GKFX login? Is account freezing usual at GKFX? Does the United Kingdom-based forex broker prevent you from accessing withdrawals? You are not alone! In this GKFX review guide, we have shared the complaints. Take a look!
Original 14h
Is Seaprimecapitals Regulated? A Complete Look at Its Safety and How It Works
The straightforward answer to this important question is no. Seaprimecapitals works as a broker without proper regulation. This fact is the most important thing any trader needs to know, because it creates serious risks for your capital and how safely the company operates. While this broker offers some good features, like the popular MetaTrader 5 platform and a low starting deposit, these benefits cannot make up for the major risks that come from having no real financial supervision. This article will give you a detailed, fact-based look at Seaprimecapitals regulation, what the company claims to do, the services it provides, and the clear differences between official information and user reviews. Our purpose is to give you the information you need to make a smart decision about the risks and benefits of working with this company.
Original 15h
WikiFX Broker
Latest News
Simulated Trading Competition Experience Sharing
WikiFXWinproFx Regulation: A Complete Guide to Its Licensing and Safety for Traders
WikiFXInteractive Brokers Expands Access to Taipei Exchange
WikiFXAxi Review: A Data-Driven Analysis for Experienced Traders
WikiFXINZO Regulation and Risk Assessment: A Data-Driven Analysis for Traders
WikiFXCleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
WikiFXDelayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
WikiFXThe CMIA Capital Partners Scam That Cost a Remisier Almost Half a Million
WikiFXeToro Cash ISA Launch Shakes UK Savings Market
WikiFXIs Seaprimecapitals Regulated? A Complete Look at Its Safety and How It Works
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate