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HOINEX is a broker that has recently emerged, offering trading services in various assets, including stocks, forex, commodities, and cryptocurrencies. However, the company has faced severe criticism due to its unlicensed status and questionable business practices. This review will examine the various issues with HOINEX and why it should not be trusted.
No, HOINEX is not a licensed broker. It is operating without any authorization from any regulatory body. First, they started running with a domain name of hoinex.com, then converted it to hoinex.site. If you see those sites, they are just copy-paste of one another.
Unlicensed brokers are notorious for their fraudulent activities. These brokers often engage in deceptive practices, such as withholding funds or providing inaccurate information to traders. They also lack the oversight and security measures regulated brokers must adhere to, putting traders’ funds and personal information at risk.
Based on the fact that HOINEX is unlicensed, it is improbable that it can be trusted. The broker’s website lacks transparency and fails to provide transparent information about its operations, ownership, or background. Additionally, the broker has received numerous complaints from traders alleging they were scammed out of their funds.
Traders who have had dealings with HOINEX have expressed their dissatisfaction with the broker’s services. They have reported losing significant sums of money, experiencing delays in withdrawal requests, and being subjected to high-pressure sales tactics. Furthermore, the lack of transparency and regulation has led to concerns about the legitimacy of the broker’s operations.
If you have fallen victim to HOINEX’s fraudulent practices, submit your complaint. Our company provides free consultations to guide you in recovering the money lost through HOINEX. We can also recommend some good recovery service providers with a track record of success in recovering funds from scam brokers.