HengryFX Review- Is HengryFX a scam or legit broker?

HengryFX is an offshore broker and an unreliable one. Please read HengryFX review before investing. The broker is not regulated by any of the known regulatory authorities in the jurisdiction. This broker offers operations in many asset classes and provides investment services in many countries throughout the globe without having a proper license from any of the known regulators like SEC, ASIC, FCA, BaFin, CNMV, CySEC, etc. On investigating online we found that there are many negative HengryFX reviews and complaints on different broking forums. This is a red flag, for the hengryfx.net broker can be possible scam/fraud. Your investments/funds may not be secured if you are trading with this broker.

Website – hengryfx.net, hengry-fx.com, hengryfx.com, hengryltd.com

Official Address – 2308 E 34th Ave, Vancouver, BC V5R 2S7, Canada

Warned by regulating authority – Financial Conduct Authority (United Kingdom) and British Columbia Securities Commission (Canada)

HengryFX Review

HengryFX broker is operated and owned by Hengry Global Capital Limited (HGCL). HGCL was founded in the year 2010. The company has two addresses, one is 2308, E, 34th Ave, Vancouver, British Columbia, V5R 2S7, Canada, and the other is 52 – 250, Consumers Road, North York, Ontario, Canada, M2J4V6. The company is operating many websites like hengry-fx.com, hengryfx.net, hengryltd.com, and hengryfx.com.

They can be contacted by phone at +17786015944, +17785612160, +17785612160, +15592358848, and +18452851858. Their available mobile numbers are 07868721009, 07868774364, and 07849316783. Their email IDs are cs@hengryfx.com and cs@hengry-fx.com. For more details continue reading our review, HengryFX review.

HengryFX platform is claimed to be registered in Canada and USA. The site claims to be licensed by NFA in USA and MSB in Canada. It presents itself as an award-winning forex broker with experience of more than a decade. They claim to play a leading role in fundamentally changing the online trading industry. These are dubious boasts by the company and its website is full of misleading and false information.

At present all the websites mentioned above are not working and are down. The scammer has abandoned the scheme because they have attracted the attention of regulatory authorities.

Abandoning the scheme is more than enough proof that HengryFX is not a regulated and licensed broker as it claims to be.

HengryFX: registration, regulation, and license

The regulation and licensing for financial dealings in Canada are given by the IIROC (Investment Industry Regulatory Organization of Canada). Hengry FX is not listed among regulated entities in the IIROC register.

For operating as a forex broker in the United States the company should be registered with CFTC (Commodity Futures Trading Commission) and be a member of NFA (National Futures Association). The NFA register shows that Hengry FX is not a member. Hengry FX is only registered with exemptions for commodity trading advisors and commodity pool operators. It cannot provide financial services in the USA.

HengryFX review: website

On its website, it lists three different companies. HengryFX Financial Services Limited (registered in Cyprus), HengryFX UK Limited (registered in England and Wales), and HengryFX Global Markets Ltd. (registered in the Bahamas). All are allegedly registered and are not licensed brokers of any regulated authority of the countries respectively.

HengryFX review: trading platform

HengryFX claims to offer MetaTrader 5 (MT5) as its trading platform. It is the most widely used trading platform worldwide. On logging on to the client portal we found that there are no download links available on the home page. On further investigation, we doubt if the software is pirated or unauthorized.

HengryFX review: account types

There are five types of accounts, being offered by HengryFX. They are Standard, Premium, Prime, VIP, and Super VIP. The broker has not bothered to clear what the minimum amount should be. 

HengryFX review: deposits and withdrawal

The only option available for deposits and withdrawals in cryptocurrencies, and that too only a few. You can fund your accounts only through Tether, Bitcoin, and Etherium. There are no payment methods like bank transfer, cards, PayPal, or Neteller. Scammers prefer cryptocurrency because these transfers are non-refundable.

Why not trade with Hengry FX?

  • Regulation status is suspicious.
  • The website is down and not working.
  • Motivates you to install remote maintenance software, like TeamViewer or AnyDesk on your device.
  • Uses the unauthorized or pirated version of MetaTrader5 software. Cannot download links.
  • Through remote maintenance software, gain access to your online banking details.
  • The website is manipulated to show profitable trades in the initial stages of trades.
  • Warnings were issued by FCA (United Kingdom) and BCSC (Canada).

Do you want your stolen money back?   

You can take action against investment fraud/scams. We at Scams Report are there to help you out of this mess. You can get your money back through legal ways.

We provide guidance and help recover funds from the Hengry FX scam. We are in the field of fund recovery.

We also recover funds from forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, etc.

Also, read the Cloudfxcoin review here.

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