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

HK Fortune

Hong Kong|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Chinese market only|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.xgfhjtvip.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
HKFortuneForex-Demo MT5
Server Location Hong Kong

Contact

hkffglmt5@gmail.com
https://www.xgfhjtvip.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Hong Kong Fortune Forex Group Limited

Company Abbreviation

HK Fortune

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2023-11-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Unable to withdraw

Fraud

HK Fortune scam I downloaded an app to aid in my cryptocurrency trading and deposited $30,000 into the account. Since all of my transactions were genuinely profitable, all of my doubts were gone. Then, all of a sudden, I was informed that in order to meet their reserve, I had to deposit an extra $100,000 into my account, failing which, my account would be locked until the reserve was satisfied. Nothing was traded or spent. it is senseless.I immediately AUSTRAC.ORG recognized it Now, all of my money are locked to one account. This is scam. Can I get my money back in any way?

2022-11-30 23:48
Unable to withdraw

Scam Zone, they almost went away with all my funds

The trade platform appeared to be semi-professional but shady. Johnathon first contacted me over the phone, then through WhatsApp, and convinced me to invest my Bitcoin with him. After a week of witnessing its phony performance, he began pressuring me to invest more, which I refused because I could become a premium member if I invested $75,000, which was as absurd as it seemed. So he harassed me for a few phone calls before saying I'd be passed on to a more 'junior associate,' which he did, and Laura began contacting me on a regular basis every night, pleading with me to invest more, which I eventually did. So my portfolio began to expand at an alarming rate, which pleased me, and she only called every other night. Then I get a call claiming that they are no longer dealing with consumers in my region and that my account will be closed. So they ask me to pay the tax so that they can settle the account, and I asked if they could pay me a portion of the money and then ask me to pay the tax later, which she stated was against corporate policy. So I made the mistake of doing this, and once the funds had passed, there was no money handed back to me for the $45,000 invoice, and I couldn't reach them since they wouldn't answer the phone calls. I was able to recover my initial deposit when i reached out to Assetsclaimback recovery service with thorough investigation and cyber evaluation it was a success. This company has no rules or anything, they don't care about the anyone and they brutal emotionless people behind this organization stay away from this hell, they are all scammers.

2022-04-17 10:58

    HK Fortune · Company Summary

    Note: HK Fortunes official site (www.xgfhjtvip.com) is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    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 contained in this article is for general information purposes only.

    General Information

    HK Fortune Review Summary in 10 Points
    Founded 2021
    Registered Country/Region Hong Kong
    Regulation NFA (unauthorized)
    Market Instruments forex currency pairs, cryptocurrencies, stock indexes, energies, precious metals, commodities
    Demo Account N/A
    Leverage N/A
    EUR/USD Spread N/A
    Trading Platforms MT5
    Minimum deposit N/A
    Customer Support Email

    What is HK Fortune?

    HK Fortune, full name is Hong Kong Fortune Forex Group Limited, is a financial brokerage company founded in 2021 that offers online trading services for various financial instruments such as forex currency pairs, cryptocurrencies, stock indexes, energies, precious metals, and commodities on MT5 trading platform. However, HK Fortune currently faces regulatory issues and negative reviews from its clients, raising concerns about its safety and legitimacy.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    The pros of HK Fortune include a wide range of market instruments and the availability of the MT5 trading platform. However, the cons include the lack of a valid regulatory license, negative client reviews and complaints, an unavailable website, and limited customer service only through email.

    Pros & Cons
    Pros Cons
    • Offers a variety of market instruments • No valid regulatory license
    • Supports MT5 platform • Negative reviews and complaints from clients
    • Website currently unavailable
    • Limited customer support options (only email support)

    HK Fortune Alternative Brokers

      There are many alternative brokers to HK Fortune depending on the specific needs and preferences of the trader. Some popular options include:

      • AvaTrade: With a user-friendly trading platform, numerous educational resources, and a range of markets and instruments available, AvaTrade is a good option for traders of all experience levels.

      • Rakuten Securities: With its comprehensive research offerings and excellent customer support, Rakuten Securities is a strong contender for those looking to trade Forex and CFDs in the Asia-Pacific region.

      • GO Markets: With its low trading costs, range of trading platforms and account types, and strong regulatory oversight, GO Markets is a good choice for both beginner and experienced traders.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is HK Fortune Safe or Scam?

    HK Fortune is an offshore broker that does not hold a valid regulatory license and have received negative reviews from clients raises concerns about the legitimacy of the company. Additionally, the fact that their website is currently unavailable is also a cause for concern. Your funds may not be safe if you are trading with this broker. It is always important to do thorough research and exercise caution when dealing with any online broker.

    Market Instruments

    HK Fortune provides a diverse range of financial instruments for trading, including forex currency pairs, cryptocurrencies, stock indexes, energies, precious metals, and commodities. With such a wide variety of assets available, traders can easily diversify their portfolios and take advantage of various market conditions. The broker's extensive selection of instruments ensures that traders can easily access global markets and make informed trading decisions based on current market trends and news.

    Trading Platforms

    HK Fortune provides its clients with the widely used trading platform, MetaTrader 5 (MT5). MT5 is a powerful and comprehensive platform that offers advanced charting capabilities, multiple order types, and a range of technical analysis tools. Traders can use MT5 on desktop, web, and mobile devices, making it convenient to access their accounts and trade from anywhere. Additionally, MT5's user-friendly interface and customizable features make it suitable for both beginner and experienced traders.

    See the trading platform comparison table below:

    Broker Trading Platform(s)
    HK Fortune MetaTrader 5 (MT5)
    AvaTrade MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, AvaOptions
    Rakuten Securities MetaTrader 4 (MT4), Trading Station, Rakuten FX
    Go Markets MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader

    Deposits & Withdrawals

    There is very limited information available about HK Fortune's deposit and withdrawal methods. It seems that they only support crypto coins such as Bitcoin. Note that HK Fortune is currently not available online and there have been many complaints and negative reviews from their clients. It is always recommended to thoroughly research a broker's deposit and withdrawal methods before investing any funds.

    Customer Service

    HK Fortune only offers email: hkffglmt5@gmail.com, which may not be ideal for traders who require prompt assistance with their trading accounts. Email support may have a longer response time compared to live chat or phone support, which can be a disadvantage for traders who need quick solutions to their queries or issues. It is important for traders to have access to efficient customer service in order to ensure a smooth trading experience.

    User Exposure on WikiFX

    On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    Based on the information available, it is not recommended to trade with HK Fortune due to the lack of a valid regulatory license, negative reviews and complaints from clients, and an unavailable website. Trading with an unregulated broker carries significant risk, and it is crucial to choose a reputable and trustworthy broker with proper regulatory oversight. Therefore, it is advised to choose a different broker with a valid license and a good reputation in the market.

    Frequently Asked Questions (FAQs)

    Q 1: Is HK Fortune regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: Does HK Fortune offer the industry-standard MT4 & MT5?
    A 2: Yes. It supports MT5.
    Q 3: Is HK Fortune a good broker for beginners?
    A 3: No. HK Fortune is not a good broker because of many clients complaints and report about their lost money to HK Fortune scam.

    User Reviews

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    5

    Comments

    Write a review

    建新W
    more than one year
    Your withdrawal just sits there un-actioned. From the moment you request a withdrawal, they ghost you. they do not respond to any of your communication. This is where I am at with them after several withdrawal requests.
    2023-02-22 14:48
    Reply
    0
    0
    azam jutt
    6-12months
    I'm need money
    2023-01-25 21:21
    Reply
    0
    0
    OT
    more than one year
    HK fortune is a no go area for investors
    2022-12-09 15:46
    Reply
    0
    1
    FX1318527514
    more than one year
    A lady contacted me on TikTok and conned me into investing with HK Fortune.I lost total of $35,000 to this scam.I was directed by the FCA to report to r e f u n d b a c k ,,,,org to get my money back.That was how I got lucky if not I would have been very depressed as I put all my savings.
    2022-12-01 01:16
    Reply
    0
    1
    张伟70687
    more than one year
    hi
    2022-11-30 19:59
    Reply
    0
    0
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