Abstract:Registered in the United Kingdom, HOPFIST WEALTH is an online forex broker offering a series of trading instruments, including currency pairs, commodities, indices and more through the advanced MT4 and MT5 trading platform. HOPFIST WEALTH is operated by HOPFIST WEALTH LTD, a company registered in the United Kingdom, with registration number: 13492624. Please be note that HOPFIST WEALTH is authorized or regulated by any regulatory authorities. Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money.
Since HOPFIST WEALTHs official website (https://www.hopfist.com/index.html) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
General Information
Registered in the United Kingdom, HOPFIST WEALTH is an online forex broker offering a series of trading instruments, including currency pairs, commodities, indices and more through the advanced MT4 and MT5 trading platform.
HOPFIST WEALTH is operated by HOPFIST WEALTH LTD, a company registered in the United Kingdom, with registration number: 13492624.
Please be note that HOPFIST WEALTH is authorized or regulated by any regulatory authorities. Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money.
Market Instruments
HOPFIST WEALTH LTD says it offers various trading instruments, such as currency pairs, commodities, indices, metals, and more, with leverage up to 1:200.
Leverage
When it comes to leverage, HOPFIST WEALTH LTD permits traders to use leverage of up to 1:200, which is significantly higher than the levels regarded appropriate by many regulators.
Leverage can amplify gains as well as losses, therefore, as a beginner, it's wise to keep your leverage at no more than 10:1. The safest option is a 1:1 ratio. One of the most typical mistakes made by novice forex traders is using a leverage ratio that is too high. Our advice is that you trade with a smaller ratio until you get more experience.
Customer Support
Worryingly, Traders with any questions or concerns they may have about their accounts or their trading can only reach out to HOPFIST WEALTH through an email: support@hopfist.info.
This could be served as further evidence that this forex broker is an unreliable one to trade with.
Negative Reviews
Some traders shared their awful trading experience on the HOPFIST WEALTH platform, complaining that they had been defraud with this forex broker with their hard-earned forex broker taken away. Come to WikiFX to see the whole story.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.