Recently, some investors asked forex broker Hankotrade has partnered with Fyntura, are they good?
According to the broker data on the FxGecko APP, Hankotrade, whose original company name was Hankotrade LLC, an unregulated forex broker, was renamed Hankotrade Global Markets Limited, registered in Comoros, and still does not have a valid forex trading license.
Much the same can be said of Fyntura (Fyntura Limited), which, while claiming to segregate client funds from its own working capital, does not specify what measures are in place to safeguard client funds. The whereabouts of its clients' funds were unknown. Fyntura also failed to provide information about its valid regulatory and forex trading licenses. (For forex brokers, registration information alone does not mean it is legal and regulated)
Overall, Hankotrade and Fyntura are both low rated and high risk trading platforms. When you trade with such forex brokers that do not have a valid forex trading license, your funds and personal information are not safe.
You should also be wary of the companies associated with these non-compliant brokers and their risk information (which can be viewed on the FxGecko app).
In addition, according to information provided by other clients, Hankotrade is asking clients to transfer funds from Hankotrade to their new MT4 broker Fyntura and are unable to withdraw their funds, this is a high risk signal, beware!
Reminder 1: The trading market is full of uncertainty, do not blindly pursue high returns. And always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely to be scams.
Reminder 2: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".
If you've been scammed, your best option is to gather evidence and report it to your local police and law enforcement as soon as possible.
In the meantime, you can also file a complaint on the FxGecko website or app, where staff will further expose the scam to alert others not to be scammed.
You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams.
Click here to recognize common investment trading scams to avoid being scammed.
Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.
