FxGecko reminds investment enthusiasts that choosing a platform that is regulated by reliable regulatory agencies is crucial. Understanding the historical background of the platform, researching the trading conditions provided by the platform, trading software, and customer service are all essential processes.
Before choosing a foreign exchange platform for investment, it is essential to conduct sufficient research and investigation in order to better obtain investment security and a better trading experience. (More Forex complaint)
Recently, a foreign exchange platform caught the attention of FxGecko, where investors complained through the FxGecko app that the black platform HYCM owed money and did not repay it!
The whistleblower stated that I have been owed funds by HYCM, a subsidiary of Hengxingye Group, and have not been paid. I went to the Hong Kong headquarters of Hengxingye Group to ask for money. At first, the front desk admitted that this was HYCM headquarters. When I mentioned that I came to ask for money, the front desk changed their words and said they did not know the company. Afterwards, they went to the boss's house to ask for money, but the boss couldn't come out.
About HYCM
Hengxingye Group was founded in the early 1970s and is headquartered in the UK, dedicated to providing global retail investor financial product trading and services. Hengxingye Group owns subsidiaries such as HYCM (UK), Industrial Securities Limited, and Industrial Capital Markets (UK) Limited.
HYCM (UK), a subsidiary of the group, is authorized and regulated by the Financial Conduct Authority (FCA) and the Cayman Islands Monetary Authority (CIMA), ensuring maximum financial security for customers. With a 40 year operating history and an annual trading volume of over 35 billion US dollars, it has established a global leading position in the financial services industry, providing comprehensive capital market investment products including stocks and indices, while customers only need a single account to complete transactions of different products in major international markets. The company provides three different trading platforms for investors to choose from, meeting the preferences of different investors. All product quotations of the company are based on the trading prices of financial exchanges and banks, providing high transparency from quotation to transaction
HYCM is the trading name of HYCM Capital Markets Limited, HYCM Europe Limited, HYCM Ltd, HYCM Capital Markets (DIFC) Limited, and HYCM Limited. HYCM CapitalMarkets Group holds a controlling interest in the aforementioned company.
HYCM displays 5 business licenses on the FxGecko app. Publicly claiming that the regulatory status of CySEC in Cyprus, FCA in the UK, and DFSA in Dubai they hold is under regulation; The Cayman Islands CIMA regulatory status is offshore regulation; The regulatory status of Saint Vincent FSA is over limit operation. The safety of investor funds is not guaranteed!
FxGecko risk warning: HYCM foreign exchange platform has 57 monitoring warnings. Pay attention to early warning!
HYCM, FxGecko APP has a rating of 5.8 and a low credit rating. Investors are advised to stay away!
