August 2013: The FPA has confirmed HFX.com as a Scam.
HFX is hereby blacklisted by the Forex Peace Army. The FPA advises against depositing any money with HFX or any companies associated with it. If you have money in an account with HFX, the FPA recommends you withdraw it immediately.
My account manager was fine and I filled in the form to withdraw my funds. After about 4 business days, I get a call from the finance department seeing if he could come to some common ground so I wouldn't take out the full amount. I kindly said well it is my choice and there really is no common ground as its my money and I can do what I see fit. The guy agreed and he said it shouldn't be much longer and I would have the money. Today I receive and email saying that my account has been shut down and that I did to withdraw only the amount I deposited and that I broker the rules and I was trading un-ethically. They accused me of scalping? which I didnt even know what it meant until I asked my account manager about an ECN account to which he sent me some info and said that it is a great account for scalping ect.. Only then did I even know what the term meant. Still is wasn't my trading strategy, and if you look at my trades, most are help for hours, and not 5-10 mins if that like a scalper would be doing consistently. I basically traded from the signals my account manager sent me. So now I am out my money and they shit my account down for no reason other than they don;t want to pay my money. I have been nothing but kind to them. I did take a screen shot of my balance when I could log onto my account, now I can't even do that. They gave me zero indication that I was trading faulty, and my account manager would even commend me on what I was doing... I would love some assistance in the matter.
Then someone named Shadly started to call me. he said that if i deposit 1000$ he will give me 300$ as a bonus and we trade with this amount and if i loose the 300$ i will withdraw the money.
Later on he told me to deposit 1500$ more so he can help me daily on trades but i only deposited 500$.
We made profit our first trades. the amount was 2500$.
I wanted to withdraw the whole amount and stop trading because i was risking a lot of money on trades with no stop loss.
Shadly called me and told me to wait for the end of the month. he then opened several loosing trades in one hour and the amount became 750$ and if i haven't closed the trades manually it would have vanished.
And so i stopped trading and it's been like 3 months and i'm writing mails to everyone in the company and no one is replying.
HFX reps are using other companies' registration numbers (XForex and Windsor) to prove they have a regulation while they are not regulated anywhere.
Again, sent an email to him and swiftly received a call back from fahad. Interestingly, he was questioning why did i open short contracts!! i responded that i never opened any contracts!!
He tried to calm me down, and promised that he will make it up to me if i deposit another 100,000USD!! which i refused because i just don't have access to this amount.
To avoid the shock and devastation i was in . I started trying to remedy what can be remedied and opened new contracts raising my balance to 3,500 USD . I again started emailing Fahed and a week later , i receive a call from him asking for …….MORE MONEY and that the US elections are coming , hence huge profit can be made!!.
I started working on my own for 4 days trying without luck while emailing and calling Fahed , again without a response. My balance became 0 USD and suddenly i receive a call from him, telling me that he is extremely sorry and if I'm interested in a new deposit!!!
This is my story with HFX.com !!!
This company is A FRAUD, A SCAM NEVER EVER DEAL WITH THEM!!!!!!!
This is an official comment from HFX on this review. Due to the fact that the company cares about its clients and always place an emphasis on client's satisfaction, we would like to respond to the threads posted here.
As you can see on certain threads below, HFX makes a huge effort to answer any question and resolve any issues that our clients may have. Those messages are set by the Forum manager to give the most honest review and are marked as "this issue has been resolved".
As valuable as freedom of speech is, it also gives disappointed and obviously angry former employees as anybody else the opportunity to express themselves and to leave comments. How much value does such a comment really hold?
Hisham and Najeeb Buyabis. Since I cannot understand clearly what exactly happened with your trading, I want to invite you to send us a mail to email@example.com and we will try to figure out together what went wrong.
We are interested in satisfied clients and thank you for your cooperation!